FintruX: Secured Financing

FintruX Network is blockchain technology based online marketplace and automated administration platform connecting borrowers, lenders, and specialized servicing agents, enabling them to configure and construct each borrower contract real -time.

Nowadays, cryptocurrencies are trending across the world and continuing to gain global attention as the blockchain technology offers decentralized system where data can be shared, in an open and transparent method.

Cryptocurrencies have different technology behind its creation for the real application in the real world. Bitcoin used for payments and as a currency while Ethereum used for smart contracts.

Now, FintruX technology supports an innovative marketplace and administration model to efficiently connect and process the global supply and demand of capital. Their platform also removes the need for physical infrastructure and brings out convenience and total automation, increasing efficiency, reducing manual processes and improving the overall borrowing and lending experience.

Through credit enhancement, the lender is provided with reassurance that the borrower will honor the obligation through over -collateralization as additional collateral, local third -party guarantor, cross -collateralization as insurance, and FintruX ultimate protection reserve.

Why is FintruX better than other lending platforms?

Fintrux has competitive advantages in the potential of its market opportunity.

FintruX Network has an transparent open ecosystem. They are partners with rated agencies such as identity, KYC/AML, credit scoring, credit model, and payments to provide lenders a wide variety of choices to adjudicate their loans. These agencies all play a role in the instant matching of our lenders and borrowers.

They provide a decentralized review platform for all participants built on Ethereum smart contracts.

The Ethereum blockchain provides the highest availability. It is decentralized and its hashing provides immense security on identification and privacy. Smart contracts are not prone to failures such as power cuts, node failures etc. There is no risk of misplacing or losing the customer contract as the contract is saved on a distributed ledger.

Borrowers can now rate their lenders and have a reliable source of comparability between different lenders. The same for lenders who can now rate and write reviews on their borrowers and agencies; these can be used for the assessment of credit risk.

FTX token will be the transaction fee on its platform. Many service agencies are still charging an upfront licensing fee, annual maintenance fee, and hourly customization fee. FintruX Network will convince them to charge their lenders by transaction, in FTX tokens.

Smart contracts provide transparency to both borrowers and lenders. It is unambiguous and choices made are visible on a user-friendly interface. Both parties can examine each contract at a granular level and continue to monitor ongoing performance. Instead of one huge program to process millions of borrower contracts, our platform is comprised of millions small smart contracts, fully-customized and simplified for each borrower contract.

FintruX aims to serve the underserved by unlocking funding for small businesses that need it most, especially startups.

FintruX Network is a multi-sided platform and ecosystem that delivers value not just to borrowers and lenders, but also to guarantors and agencies.

The lender will deposit funds and choose a credit decision package provided by one of the rated agencies; which include recommended fraud, identity and credit scoring agencies.

Borrowers filter criteria based on available funding parameters and are instantly matched to appropriate lenders. Borrowers can be represented by affiliate marketing agency partners.

Inside the FintruX Network everything is tokenized.

Agencies, guarantors, and FintruX Network are all being paid in FTX Token. Rewards and late charges to borrowers are paid in FTX Token as well. FintruX will continuously sell collected tokens back to the participants to finance the operation and provide liquidity.

Fintrux financing focus on making unsecured loans highly secure where the lenders can select lending package, borrowers instant matching, credit approval, fraud and identity verification and application of smart contract and blockchain technology.

FintruX Network with transparent open ecosystem will give more freedom in the hands of the people. It aims to serve to the underserved and make things happen for both borrowers and lenders.

To know more about Fintrux Network, visit here: FintruX website

& Whitepaper

Click here to know more about FintruX ICO : Token Sale

List of advisors and partners of Fintrux:

https://www.FintruX.com/#team-section

Authored by:

Bitcointalk profile @imdada

https://bitcointalk.org/index.php?action=profile;u=1726564

Disclaimer: I am not a financial advisor. It is not intended to be investment advice.

I do research and reference the sources that I use within my writing. This is my personal views and opinions and is for information purposes only.