FidentiaX : World's First Marketplace Based On Blockchain For Trading Insurance Policies | Overview Of FDX Tokens !!

cryptonet (65)in #insurance • 7 years ago

FidentiaX is highly innovative platform based on Blockchain Technology which allows it's users to trade their personal insurance policies for profit.

With the inception of Blockchain technology, there are many applications have come into existence. Each application has its own specification. For example, Civic (CVC) is concerned with security while TenX Pay (PAY) is concerned with payment cards. In the same way, there was need arose for a trading platform which can allows it's users to trade Insurance policies.

Insurance policies are long term instruments but they provide high liquidity if traded wisely and on a proper platform. Traditionally, it is very hectic procedure to transfer insurance policies from one buyer to the other , but after the development of FidentiaX platform, everything related to the trading of Insurance Policies have come to an ease.

Now, let's have a brief look at the Infrastructure Of FidentiaX:

As I have explained above,

FidentiaX is a blockchain based platform which allows users to trade insurance policies while maintaining the security as well as the transparency of the transactions.

Basically, all the transactions have gone through four steps in order to be completed.

A brief overview of these four steps are as follows:

Listing of policy by seller onto the Fidentiax platform to increase visibility among buyers.
Offering of certain amount by the buyer to the seller along with the transfer of documents for transfer purpose.
Submission of documentation by seller to the insurance issuer for the purpose of transferring the policy to the new buyer and taking a receipt from there.
Completion of transfer by uploading the receipt on FidentiaX platform and after the verification, the funds will be released to seller from escrow account and policy to the buyer.

Now, Let's Have a Look At FidentiaX Tokens (fdX Tokens)

FidentiaX tokens are the in-built currency of FidentiaX platform which provides certain premium benefits for the buyers and sellers of the platform.

With the use of FidentiaX tokens, one can get a lucrative discount at the offer price of any insurance policy and also these tokens are highly liquid and transferable from one person to the other on the platform itself.

There are three types of FidentiaX tokens:

FDX Token -- CTC Token

FidentiaX is a membership based platform which allows users to trade Insurance policies. But only members are allowed the trading on this platform. To become a member, one has to pay membership fees. This membership fees will be paid in FDX Tokens only. One can grab these tokens via bounty, pre-ICO sale, and main ICO crowd sale.

After receiving the payment in FDX tokens, they will be burned by the company so that total supply keeps diminishing and each tokens gains more value.

E$€ -- Fiat Counterparty Token

These tokes will be used for the exchange of ISX tokens into the fiat currency.

ISX Tokens --Platform Unified Token

All the transactions on FidentiaX platform will be conducted in ISX tokens for the better management of forex risk.

These tokens can be grabbed from a special sale by FidentiaX platform. These tokens will be of highest value and each token will be initially valued at $1.

FidentiaX ICO Crowd Sale

FidentiaX crowd sale will be live on 6th November 2017. But for some early birds, there's all a pre-ICO sale started on 20th October 2017. This sale can be accessed by signing-up their mailing list and the maximum discount will be provided at this pre-ICO sale, i.e. upto 35%.

Main ICO will run for 30 days.

The total coins supply would be 100 Million.

Soft Capital requirement is $1 Million

If soft capital requirement is not fulfilled, the company will refund the amount back to the investors.

The pricing of FDX tokens in different phase of ICO sale are as follows:

CTC (Day 1~2)
1 ETH = 575 fdX (15% bonus)

CTC (Day3~5)
1 ETH = 550 fdX (10% bonus)

CTC (Day6-30)
1 ETH = 500 fdx

For detailed information about the project, please visit their website and also join their whitelist for some extra-ordinary benefits.

Thanks for reading ..!!

Website: https://www.fidentiax.com/

Telegram Link: https://t.me/fidentiaX