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Author Topic: [ANN][ICO] FintruX Network - 💲 THE GLOBAL P2P LENDING ECOSYSTEM ✅ 💲  (Read 19049 times)
Siamda
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December 06, 2017, 10:12:10 PM
 #561

Which lending companies do you plan on approaching?
will they be companies from all over the word?
It pretend to be a worldwide project, I suppose so.
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December 06, 2017, 10:16:06 PM
 #562

For everyone who has asked:

The bonus changes on total tokens sold, not on the amount that you as an individual buy. So basically what matters is when you buy, the earlier the better. It's in the table that's been linked in this thread, and also on the token sale page of the website: https://www.fintrux.com/tokensale.aspx

The pre-sale starts at: 5:00PM UTC, 07 Dec, 2017 ... which is 1 day and 21 hours from the time I post this Smiley Again this is on the token sale page of the website: https://www.fintrux.com/tokensale.aspx
Pre-sale ends at: 5:00PM UTC, 21 Dec, 2017 ... i.e., after 14 days.

You can register for pre-sale on the token page of the website Smiley


Is necessary do anything else apart that the registration?
Anything else like what?
tokenwar
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December 06, 2017, 10:32:43 PM
 #563

For everyone who has asked:

The bonus changes on total tokens sold, not on the amount that you as an individual buy. So basically what matters is when you buy, the earlier the better. It's in the table that's been linked in this thread, and also on the token sale page of the website: https://www.fintrux.com/tokensale.aspx

The pre-sale starts at: 5:00PM UTC, 07 Dec, 2017 ... which is 1 day and 21 hours from the time I post this Smiley Again this is on the token sale page of the website: https://www.fintrux.com/tokensale.aspx
Pre-sale ends at: 5:00PM UTC, 21 Dec, 2017 ... i.e., after 14 days.

You can register for pre-sale on the token page of the website Smiley


I don't understand yet how many sold tokens will change the bonus. Anybody can explain me?
Siamda
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December 06, 2017, 10:44:45 PM
 #564

Tomorrow I'll pay attention to the sale. Let's see how many tokens are sold.
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December 07, 2017, 04:24:46 AM
 #565

This is an interesting project.




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December 07, 2017, 04:46:51 AM
 #566

Getting an unsecured loan can be easy, fast, and affordable with FintruX’s ecosystem of rated agencies, decentralized technology and revolutionary credit enhancements.
styca
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December 07, 2017, 06:58:41 AM
 #567

How will the project guarantee that the lender receive their loan back?
They have a plan for these situations in which the borrower don't pay. You can see it at the whitepaper, sure.
Good to know it. Anybody knows where can I find it, in what page?


Page 2 gives an overview. Basically there is 10% of each loan collected as collateral, plus guarantors, plus third party insurance.
There is also this from earlier in this thread:

The front page of the website and the opening post in this ANN thread do a very good job of explaining the nature of the project and what makes FintruX stand out from the competition.
One thing I would love to see though is some example cases to really give people an extra clear picture of how it all works, e.g. Alice registers as a lender, Bob takes out the loan and pays it all back, then Charlie takes out a loan but doesn't pay it back, etc., going on to show how the bad debt is covered, how credit worthiness is established and affected.

Hi Styca, that's a wonderful question. Please allow me to paint a clear picture, using your example. If 'Charlie' doesn't pay, the following will occur:

- ~1 day delinquent: email goes out
- ~3 day delinquent: email and text message go out
- ~7 day delinquent: email and text message and collection calls go out
- after ~1 month of no payment: over-collateralization kicks in
- after ~2 months of no payment Guarantor gets notified
- after ~3 months of no payment: Guarantor gets called upon to provide full balance payment... and if no guarantor then client will get paid from the cross-collateral pool and ultimate reserve pool for overage.

Self serve refinancing option is available to borrowers to avoid delinquencies. The number of times, amounts and terms are presented by the lenders upfront.

Lenders can rate their borrowers at the end of term from 1 to 5 stars with written review. It would be silly for the borrowers to destroy their reputation for future borrowing.

In the future, APIs can be used to connect to our systems so lenders in banks, small firms, etc. can use our well established ratings to determine eligibility their clients. Currently, if you want to borrow from a different bank within the same city, they have different fees/waiting periods because each bank has a different internal record of your credit. We are solving that.


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Siamda
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December 07, 2017, 01:05:30 PM
 #568

How many hours for the token sale?
rokieinvest
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December 07, 2017, 01:21:24 PM
 #569

How will the project guarantee that the lender receive their loan back?
They have a plan for these situations in which the borrower don't pay. You can see it at the whitepaper, sure.
Where exactly in the whitepaper is it?
tokenwar
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December 07, 2017, 01:27:28 PM
 #570

How many hours for the token sale?
I think 2 or 3 hours more or less.
tokenwar
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December 07, 2017, 01:28:32 PM
 #571

Here the link of whitepaper:
https://www.fintrux.com/home/doc/whitepaper.pdf
bucayboyne
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December 07, 2017, 01:33:18 PM
 #572

Which lending companies do you plan on approaching?
will they be companies from all over the word?
It pretend to be a worldwide project, I suppose so.
Will i access from any country i am?
heinemannplus
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December 07, 2017, 01:36:31 PM
 #573

For everyone who has asked:

The bonus changes on total tokens sold, not on the amount that you as an individual buy. So basically what matters is when you buy, the earlier the better. It's in the table that's been linked in this thread, and also on the token sale page of the website: https://www.fintrux.com/tokensale.aspx

The pre-sale starts at: 5:00PM UTC, 07 Dec, 2017 ... which is 1 day and 21 hours from the time I post this Smiley Again this is on the token sale page of the website: https://www.fintrux.com/tokensale.aspx
Pre-sale ends at: 5:00PM UTC, 21 Dec, 2017 ... i.e., after 14 days.

You can register for pre-sale on the token page of the website Smiley


I don't understand yet how many sold tokens will change the bonus. Anybody can explain me?
The bonus will increases when they reach a number of tokens sold
heinemannplus
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December 07, 2017, 01:40:23 PM
 #574

DOes the ICO start today? what time?
Joneskay
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December 07, 2017, 01:44:55 PM
 #575

Tomorrow I'll pay attention to the sale. Let's see how many tokens are sold.
DO you know how many tokens are sold?
Schopenhauer365
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December 07, 2017, 01:46:31 PM
 #576

For everyone who has asked:

The bonus changes on total tokens sold, not on the amount that you as an individual buy. So basically what matters is when you buy, the earlier the better. It's in the table that's been linked in this thread, and also on the token sale page of the website: https://www.fintrux.com/tokensale.aspx

The pre-sale starts at: 5:00PM UTC, 07 Dec, 2017 ... which is 1 day and 21 hours from the time I post this Smiley Again this is on the token sale page of the website: https://www.fintrux.com/tokensale.aspx
Pre-sale ends at: 5:00PM UTC, 21 Dec, 2017 ... i.e., after 14 days.

You can register for pre-sale on the token page of the website Smiley


I made the register yet, have I to do anything else?
Only you have to wait a few hours to be able to buy tokens.
I can't wait any more. I want this starts yet
Huxleyfree
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December 07, 2017, 01:50:22 PM
 #577

How many hours for the token sale?
It starts at 17:00, i presume
styca
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December 07, 2017, 06:08:20 PM
 #578

How will the project guarantee that the lender receive their loan back?
They have a plan for these situations in which the borrower don't pay. You can see it at the whitepaper, sure.
Where exactly in the whitepaper is it?

There's some information on page 2 of the white paper. See my post farther up this page - scroll up to post #569 Smiley


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AIGO
Adoption Blockchain
e-Commerce to World







..Find Us!:..

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▀███▀

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Jupiter13
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December 07, 2017, 07:03:41 PM
 #579

How will the project guarantee that the lender receive their loan back?
They have a plan for these situations in which the borrower don't pay. You can see it at the whitepaper, sure.
Good to know it. Anybody knows where can I find it, in what page?


Page 2 gives an overview. Basically there is 10% of each loan collected as collateral, plus guarantors, plus third party insurance.
There is also this from earlier in this thread:

The front page of the website and the opening post in this ANN thread do a very good job of explaining the nature of the project and what makes FintruX stand out from the competition.
One thing I would love to see though is some example cases to really give people an extra clear picture of how it all works, e.g. Alice registers as a lender, Bob takes out the loan and pays it all back, then Charlie takes out a loan but doesn't pay it back, etc., going on to show how the bad debt is covered, how credit worthiness is established and affected.

Hi Styca, that's a wonderful question. Please allow me to paint a clear picture, using your example. If 'Charlie' doesn't pay, the following will occur:

- ~1 day delinquent: email goes out
- ~3 day delinquent: email and text message go out
- ~7 day delinquent: email and text message and collection calls go out
- after ~1 month of no payment: over-collateralization kicks in
- after ~2 months of no payment Guarantor gets notified
- after ~3 months of no payment: Guarantor gets called upon to provide full balance payment... and if no guarantor then client will get paid from the cross-collateral pool and ultimate reserve pool for overage.

Self serve refinancing option is available to borrowers to avoid delinquencies. The number of times, amounts and terms are presented by the lenders upfront.

Lenders can rate their borrowers at the end of term from 1 to 5 stars with written review. It would be silly for the borrowers to destroy their reputation for future borrowing.

In the future, APIs can be used to connect to our systems so lenders in banks, small firms, etc. can use our well established ratings to determine eligibility their clients. Currently, if you want to borrow from a different bank within the same city, they have different fees/waiting periods because each bank has a different internal record of your credit. We are solving that.
It is a very good idea. With all these barriers the lender always will receive his money. And if the borrower doesn't pay, he won't be able to take a loan anymore.
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December 07, 2017, 07:06:56 PM
 #580

Where can I follow the ICO news? I wanna know how many tokens are being sold or how many time there are until it finish.
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