A NEW ERA- INVOX FINANCE
WHAT IS INVOX FINANCE?
The invoice finance proposes to create a decentralized platform which will connect all parties, distribute information and execute the terms and conditions of each transaction with greater visibility and confidence of all involved.
The platform aims at creating a trusting environment by facilitating transparency between parties and rewarding performance.
WHAT DOES THE PLATFORM COMPRISE OF?
The invoice platform comprises of the following:
The Blockchain or Distributed ledger (Ethereum Network).
Dynamic Invoice Smart Contracts.
Loans Smart Contracts.
User Accesser and Processing Hub.
WHO WOULD USE THE SYSTEM?
Investors seeking higher rates of return and diversification of their investment portfolio.
Sellers who have invoices they wish to sell to accelerate their cash-flow.
Buyers who will receive extended invoice payment period and be rewarded for verifying invoices.
Invox finance is a new era that have come to solve the problems associated with the traditional invoice which include:
LACK OF DIRECT CONTACT: The financier does not have a relationship with the buyer which exposes the financier to a considerable risk.
INVALID INVOICES: The seller may issue an invoice for an uncompleted service or a product that doesn't meet requirement.
HIGH RISK OF COST: The preparation and execution of legal document is costly and typically involves third party providers.
DEFRAUDING: The seller and buyer may conspire to defraud the financier or the seller may breach their agreement and request for a direct payment.
DISPUTE: The buyer may dispute the payment liability and leave other parties out of payment , putting their reputations on the line.
Unlike the traditional Invoice, Invoice Finance platform will establish trust between it's parties and users. The platform will create a seamless user experience. The user interface will allow for all payments to be made in fiat currencies by utilizing it's banking partners' API.
WHAT YOU STAND TO GAIN
You would be able to connect, interact, share and distribute information as either a buyer, seller or investor with other individual investors.
Sellers would be able to obtain financing at lower interest rates than normally received from a traditional financier.
The platform will provide investors with exposure to loan products that will comprise of loan fragments from a large number of diverse business across various industry sectors.
- The system is completely free for buyers, sellers and third-party service providers.
THE ICO
You need to take part of the ICO to pre-buy your membership to the platform. Presale starts on 15th till 23rd of march, 2018 with 30% discount.
WHAT YOU WOULD BENEFIT
It would be your only chance to buy tokens at a discount.
There would be a bonus system to partake in the community.
For additional information you can check the WEBSITE.
This is for @moworks writing contest
InvoxFinanceTokenSale