INVOX FINANCE: A transparent Financing Platform Built on the Blockchain technology
Starting a business is nothing compared to running the business. Everyone can start a business but a very few of them survive the thunders of times which demand tough decisions and sacrifices. One of the ways of borrowing money is invoice financing in which financers buy the invoices of a company and pay them money in advance. The traditional invoice financing is riddled with multiple challenges which are stopping it from realising the full potential of the scheme. A few of the challenges of the traditional invoice financing are summarised below.
Lack of transparent and direct connection between the buyers and financers
Large cases of Insolvency and disputes among the buyers and financers
High cost required in the development of the legal contract and utilisation of multiple third-party services
There is a requirement of a new system which can bring back the trust and transparency in the traditional invoice financing. Do you think it is possible to build a platform for the new age invoice financing?
Solution Offered
INVOX FINANCE is building a decentralised platform which connects the key stakeholders of the ecosystem; Buyers, sellers and the financers. They are going to be a part of the peer to peer network, which is highly secure and transparent compared to the traditional invoice financing. By creating Dynamic Invoices, this platform enables each entity on the platform to utilise the services offered by the Blockchain technology. There are multiple features of the platform and a few of them are presented below.
- Connecting sellers to the Investors
- Fractionalised Loans
- Lower rate for sellers
- Diversity for Investors
Offering businesses a direct interaction platform based on the blockchain technology with the buyers and sellers, they are ready to decentralise the traditional invoice financing model. With the help of new invoice feature, they will create a new system of invoicing based on the Ethereum Smart Contract which allows all the parties to simultaneously update all the information. A charge of 1.1% of the face value will be charged from each seller for the processing and administration fees. Providing all the necessary features on the platform for investors, sellers and buyers, they will be one of the leading platforms for invoice financing in the coming future.
ICO INFORMATION AND TEAM
INVOX FINANCE Token pre-sale will start from 15th March 2018 and continue until 24th March 2018. 55% of the total tokens are available for the sale. The main ICO starts from 15th April 2018 and continues until 12th May 2018. 45% of the funds collected will be used in the marketing of the platform while 20% will be used in the investment fund. A team is an experienced group of people having years of experience in the finance and technology.
Conclusion
Many a time we have to borrow from various source to finance the required resource to keep running the business. And, there are many options available for the borrowing the money for your business. The simple equation of business which involves a buyer and a seller, in theory, has many intermediaries in the real life which makes doing business tougher.
Lower rate for sellers, a transparent transaction on the decentralised platform and easy exchange for buyers are a few of the top feature of the INVOX FINANCE, which believes in the power of blockchain technology. Businesses are ready to adapt to the more transparent and reliable network and this platform is ready to provide that. I think that each stakeholder of the ecosystem will agree for more transparent and reliable system of financing. What do you think about the various features of the platform? Are they helpful for the businesses?
To know more visit:
Website : https://www.invoxfinance.io/
Whitepaper : https://www.invoxfinance.io/docs/Invox-Whitepaper.pdf
Published By: Kishan748
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1027561