The Global P2P Lending Ecosystem Powered By Ethereum And No-Code Development
For sure, the greatest risk is fraud, because sometimes “companies” declare about going to the ICO, but in fact they do not plan to launch the project. It is also possible that after the launch the platform can be a real disappointment, far from what it was invested in. Therefore, the most important thing here is not to rush, but to study all available information about the ICO, the project itself, its team, read reviews and opinions (most likely in English). Unsecured loan is a loan that is issued without guarantors or collateral, which is primarily unsafe for the creditor.
Taking on such risks, he is forced to raise his interest rate, which is ultimately bad for the borrower.
However, the FintruX project is ready to solve this problem. The platform, working on blockchain technology, will unite borrowers, creditors and other participants of this market, thus allowing to automate all processes, make them more efficient and less expensive. With regard to the safety of FintruX participants, the terms of use imply holding 10% of each loan to form an insurance pool, and in addition, borrowers can also enlist the support of third parties. The very system of mutual relations of the parties will be regulated through a unique smart contract, operating in real time, with unambiguous terms of the transaction. For those who need money, the platform will benefit from a low interest rate on an unsecured loan, a small commission for transactions.
The sphere of crediting is unlikely to ever lose interest, and such things as blocking technology and smart contracts that provide transparency, minimal transaction costs, an unconventional approach to solving complex problems, can interest investors and guarantee the demand for the project. If we talk about how much the crypto-currency industry has progressed as a whole, then we should just look at the BTC exchange rate at the beginning of the year and compare it with the current one — the increase in the price is just impressive. The road map of the project is quite eventful. In the first quarter of this year, a prototype of an open source resource will be ready.
The management plans significantly expand the staff of the staff. In the second quarter of 2018 alpha testing of the project will take place with the participation of real clients. The third quarter will be a landmark, as the project will enter the beta test phase with the involvement of customers. The fourth quarter will include large-scale changes in the platform and the addition of new features.
In total, the project will issue 100 million “coins” of its crypto currency. The site-monitoring of icorating.com estimates the riskiness of FintruX as small, but there is still no deep analysis of the investment potential.
The allocated amount for public sale — 75%; soft cap — 5000 ЕТН, hard cap — 25 million dollars.
WEB: https://www.fintrux.com
ANN:https://bitcointalk.org/index.php?topic=2286042
Wp: https://www.fintrux.com/home/doc/whitepaper.pdf
Facebook: https://www.facebook.com/FintruX/
Twitter: https://twitter.com/fintrux
Telegram: https://t.me/FintruX