FINTRUX

FINTRUX
Making Trustless Financing a No-Brainer for Borrower and Investor

Nowadays, money is a basic needs. They are the main factor to support life and meet the needs. Getting a great job is the way to earn it. But what if they lose a job even they have the knowledge and skill? For some people who have more funding will probably save funds on the platform of depository services. Then what about the fate of some people who do not have the funds? Require a loan from the Bank or other credit unions in order to get a fresh funds for starts up and small bussiness is the answer.

Traditional local banks and credit unions do offer unsecured loans. However, it is extremely difficult to get an unsecured business loan through traditional lenders; especially if your business is relatively young. It can take months to apply and few businesses rarely get approved. Besides, Banks like to loan cash on cash. This means that they will lend you the money you need if your savings account doesn’t have equal number, using your money as collateral. This makes it difficult for businesses with low liquidity to get much needed capital to grow their business.

Less advisable financing options are often available, but these come with outrageous interest rates and unrealistic repayment schedules. Small businesses and startups should not have to choose between bankruptcy and borrowing under unclear, unfair and uncertain terms. It means they could end up in the alley and dump store if they could not pay their loan to the Bank and other financing options. The lender also taking a lot more risk and would likely charge a higher interest rate. The riskier the loan, the more expensive it will be.

If there is a platform that can bring together the owner of the fund with the borrowers directly, it will make the interest easier and the borrower capital gain more profit. The platform which makes it easy for small businesses to quickly secure affordable loans with no collateral, in any currency. This kind of platforms everybody looking for. Introducing FINTRUX, the world greatest platform that change the face of financing.

What is Fintrux?
FintruX is a blockchain project that provides peer-to-peer (P2P) networks for market lending. Their platform connects borrowers, lenders, and service agents, enabling them to make every contract of the borrower in real-time. This provides an unrealistic level of efficiency with the current lending market. Better efficiency is just one of the many benefits that this platform provides.

Some of you would think, what if the borrower did not pay the loan? This is where FintruX is present to provide solutions. FintruX is already well aware that lending problems have a very high risk. To avoid this, FintruX will provide insurance on any existing borrowing contacts. With the insurance of the lender will feel comfortable and not afraid to lose the funds already lent.

FintruX will use the technology that runs automatically. This is done thanks to the use of advanced blockchain and alogoritma developed by the FintruX development team. The FintruX system will use the P2P capabilities to be and convenient. All transactions will be flawed properly and transparently because suppoted by blockchain technology.

The advanced technology developed by the FintruX team will run in real time and automatically. FintuX provides a feature match that will bring together borrowers and lenders in mutual agreement to be noted in smart contract documents.

Benefits of using FintruX
a. Benefits to Borrowers

Access to Affordable Credit. Offering borrowers generally lower interest rates than the rates charged by other unsecured loan P2P lending platforms and traditional banks, not to mention credit cards.
Superior Borrowing Experience. A fast and easy-to-use online application process and provide borrowers with access to live support and online automation throughout the process and for the lifetime of the financing.
Branding Opportunity. Lenders can provide ratings and transparent reviews on a blockchain to establish trusted borrowers and agents within the ecosystem. With better ratings, borrowers can save on interest rates on subsequent loans.
Transparency and Fairness. Each customer contract is written as a fully-customized smart contract on a blockchain. It is secure, transparent, immutable, and censorship resilient. Historical data and expected
Lowered Transaction Fee. Consequently, since each smart contract is fully-customized and simplified for each borrower contract, it is much easier to understand and without ambiguity. Smaller programs lead to lower gas fee; in fact, this is paid for by FintruX Network.
Super-Fast and Efficient Funding. Borrowers can evaluate options and are instantly matched to lenders of their choice without impacting their credit score.
Self-Service. All available options such as refinance, prepayments, etc. can be done online within minutes, on all devices including mobiles.
b. Benefits to Lenders

Access to Risk-Reduced Investing. Credit enhancements historically is now available to lenders on FintruX Network. By applying cascading credit enhancements, FintruX loss.
Superior Lending Experience. We offer a fully automated application process and provide lenders with access to live support and online tools throughout the process and for the lifetime of the financing.
Branding Opportunity. Lenders can build up their brand and reputation, and enhance the service they provide to borrowers through ratings and transparent reviews from borrowers within the ecosystem.
Access to a Network of Expertise. A network of rated agencies such as fraud, identity, credit scoring and credit decision are readily available.
Attractive Returns. By having access to lower risk of funding and cutting major costs associated with administering the financing, these savings become additional profit margins.
No Upfront Cost to Lenders. No lump-sum license fee, no enhancement fee, no maintenance fee, no support fee for a system; in fact, no upfront cost is necessary. The only fee to a lender is a transactional based fee and servicing cost that can be transferred to the borrowers. Each financing is managed programmatically by individual and independent smart contract. It is essentially a self-serve engine for the borrowers; saving labor and time servicing the borrower contract.
More Satisfied Customers. Self-service increases customer satisfactions.
FintruX has strengths and this differentiate them and provide them with competitive advantages in realizing the potential of their market opportunity. The three main competitive advantages of FintruX are:

Open ecosystem
Credit Enhancements
No-code development
FintruX Network leads the way towards credit democratization, offering an innovative alternative to credit access. There three phases of platform evolution:

Phase I: CREDIT-ENHANCED FINANCING — Using the credit enhancement principles of securitization, they deliver highly secure unsecured loans to benefit the small businesses borrowers, accredited investors, and financial institutions of the world
Phase II: ONE WORLD — The interest rate of one country can be as high as 40 times than another. Ultimately, small business borrowers from higher rate countries can take advantage of lower rates offered by lenders located in lower rate countries.
Phase III: ADDITIONAL ASSET CLASSES — FintruX will invite many innovative asset classes created by other network partners to prosper in this ecosystem so it becomes the go-to financing hub of the world. In addition, we will provide a trading platform available to lenders to trade their loans to one another
Tokenization
FintruX Token (FTX)

The FTX Token is used to power the FintruX Network and works as a means to reward or get rewarded for participation in the marketplace. Each activity on the platform has an associated cost specified in FTX.

FTX Tokens serve several key functions in FintruX ecosystem:

Transaction execution reward
Token collateralization reserve
Rewards for good behavior
Punishment for bad behavior
Reward for providing information
Platform access
API license
FintruX #ICO has a limit of 75,000,000 #FTX tokens, representing 75% of total tokens. There is a token sales bonus model, so the stamp in USD will vary. However, if we are conservative and use the price without bonus, it will be a hard hat of 50,000 ETH. At the time of writing #ETH is ~ $ 450, so this will be ~ $ 22.5Mil. Here is a screenshot of their white paper with a bonus model.

FTX is transferred from one participant to another as activities are carried out on the FintruX Network. FintruX Network will be rewarded a fee subsequent to executing these activities. Ownership of FTX Token carries no rights other than the right to exchange and claim over the platform. FintruX collects FTX tokens as fee then continuously sell them back to participants to maintain the token economy and finance the operation.

The funding raised through the crowdsale will be used to accelerate the building of the FintruX Network to move it from alpha into beta and production in partnership with a few financing partners during Q2–2018. Pending on the success of the crowdsale, the distribution of funds will mainly go towards development, infrastructure and key hires such as developers and marketers. What a brilliant idea FintruX offer!

A remarkable project made by an innovative, creative, and experienced person in financing — along with a great team. Nelson Lin has over thirty years of experience delivering financing solutions in the financial sector. Nelson founded Robocoder Corporation in 1999, a reputable software design & development company and has successfully delivered many mission-critical financing solutions for the last 18 years. FintruX’s business partners include Microsoft, Enterprise Ethereum Alliance, Robocoder Corporation, and Cynopsis Solutions.

The project will start in Canada and Singapore. Canada is chosen because Robocoder serving in securization for over 20 years so it has a lot connection of a funder to conduct a push to start the FintruX. The important part is Singapore because it’s close to three big financial hubs — China, India and Indonesia — that are critical in financing problem. The borrowers constantly getting pumbled by the Bank and other financing options.

FintruX Network is creating a marketplace and automated administration platform for credit enhanced financing serving small businesses as borrowers, accredited investors and financial institutions as lenders, and specialized service agents as partners. FintruX Network is the necessary ecosystem for unsecured loan participants, placing more and more freedom in the hands of the people. FintruX really a great platform in lending system. Platform which so noble, remarkable, innovative, creative, affordable and meet the needs in a face of financing. It’s really change the face of financing in a better way. Let’s get success with no limits with FintruX. Learn more about Fintrux features in Link below.

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