Global P2P Loan Ecosystem
Strategy
To further improve our offerings, we will make our platform offerings available to partners such as fraud and identity service agents, credit and agency decisions, wallets, stocks, banks, asset managers, insurance companies and technology companies; to offer new investment products and borrowers, and Develop new tools to use on our platform. ecosystem partners can transact directly with our markets or utilize our automated administration tools to build a financing portfolio to fit their needs. Opportunities provided by these ecosystem partners will help broaden the appeal and availability of our network.
We generate revenue from charging transaction fee participants in FTX Token. Lenders can charge their desired fees to their borrowers. The lender can also reward the borrower with a FTX Token if paid on time.
We do not assume credit risk or use our own capital to invest in financing facilitated by our platform. The capital to invest comes directly from a wide range of creditors, including retail investors, high-value individuals and family offices, banks and corporate finance, insurance companies, hedge funds, foundations, retirement plans, university awards, and through various channels.
COMPETITIVE BENEFITS
We believe that the following forces differentiate us and give us competitive advantage in realizing our potential market opportunities
Open Ecosystem
FintruX Network Partners with rating agencies such as identities, KYC / AML, credit scoring, credit models, and payments to lender multiple options to prosecute their loans. All of these agencies play a role in the instant matching between our creditors and our borrowers.
A Decentralized Reputation Rating
We provide a decentralized review platform for all participants built under the smartest Ethereum contract. Borrowers can now rank their lenders and have a reliable comparative source between different lenders The same for lenders who can now assess and write reviews about borrowers and their agents; this can be used for credit risk assessment.
Token as transaction fee
Many service agents are still charging upfront licensing fees, annual maintenance fees, and hourly FintruX Network adjustment fees will convince them to charge creditors to us based on transactions, in FTX tokens. This simplifies the onboarding experience by removing barriers to entry.
Ethereal's decentralized blockade technology
Ethereal blockchain provides the highest availability. It is decentralized and hashing provides enormous security for identification and privacy. Smart contract is not easy to failure such as power outage, node failure etc. There is no misplaced risk or loss of customer contract because the contract is kept in a distributed ledger. The data record does not change and the sensor is resistant. All activities and documentation relating to any financing are deducted by a full audit, even the location and condition of the item if requested. Since the terms of the contract can not be changed, the user is at a lesser risk of being cheated.
Many systems as platform architecture
Smart contracts provide transparency to borrowers and creditors. It's not ambiguous and the Options are made visible on a user-friendly interface. Both parties can check each contract at a detailed level and continue to monitor ongoing performance. Instead of one big program to process millions of borrower's contracts, our platform is made up of millions of small smart contracts, fully customized and simplified for each contract of borrower No more "if ... then ... else" and code that is not need. Smaller programs cause lower gas costs. This provides tremendous time and cost advantages over other P2P loan platforms.
Development without code and instant deployment
Our smart contracts will not be written by hand. Platform-development code into no-code development allows all possible contract combinations to be presented as a user interface for borrowers and lenders. Code with the latest technology is generated and disseminated in real time. Thus, human error is eliminated. Any financing on the FintruX Network is governed by a smart contract which is a document with well-documented consent. This automates administration which eliminates human error, reduces risk.
Reduced risk of unsecured loans
an unprecedented increase in cascading credit improvements provides an unprecedented risk reduction for unsecured loans making it easy to borrow with a reasonable interest rate. It is ideal in serving the underserved open funding for small businesses that need it mostly, especially startups.
Official website : https://www.fintrux.com/
Whitepaper : https://www.fintrux.com/home/doc/whitepaper.pdf
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1003669;sa=summary
ETH address : 0x3603576F910aC545006eADbfEe5798202Ed07a45
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