As in the modern day scenario the living standard and the busy schedule of the people has become so much hactic that they did not get any time to take care of themselves.
They are totally detached from the physical exercises.Which inturn makes the people ill.And many more diseases like diabetes,cancer,heart problems,obestiy and many more.So to help their family after their death they chooses Health policies and insurances.So that their family can get some financial help after them.
So in contrast the life insurance companies have gathered so much crowd with them.So at least 90 out of 100 makes them insured.So the business and the over all turnover of the insurance companies has raised very high.
According to stats the market in the year 2016 was just $3.86 trillion and now it has raised to $52 trillion dollars.It means people are getting aware about theri healths and the companies are making this point as their main target to sell policies.
As the market of Insurance companies has rose so much.People are insured by the companies.But the companies hides some of thr terms and conditions which are also applied.
So the most of the people are not aware about the many terms and comditions.And also they do not have hint that their policies with cash value can also be traded in the market for a higher cash value,that is a person owning a insurance policy can sell his policy to the 3rd party instead of surrendering the policy.
According to some figurrs in the year 2014 policy lapses and surrenders were in excess if $112 US billion dollar in the US alone.
It is the company which is helping the people around owning a Insurance policy.These will provide you with the best and the first marketplace for trading of your policy.
fidentiaX is the world’s first marketplace for tradable
insurance policies. The vision of the team is to create a trading marketplace and repository of insurance policies for the masses by leveraging blockchain technology.
This blockchain-powered marketplace will provide
a trustless, immutable, auditable and transparent
environment to disrupt the status quo.
fidentiaX Open Source Foundation (FOSF) will be setup
with the mission of proliferating the adaptation of
blockchain technology in the Insurance Industry.
So it is the best exchange available right now.
And the slogan for the exchange is-
fidentiaX will disrupt the status quo and break
the tethers of the insurance companies by
empowering policyholders to monetize their
policies. This is also a fantastic opportunity for
us to demonstrate the numerous advantages
of building a portfolio of tradable policies with
stable returns and developing a trustless platform for trading of these policies.
fidentiaX is the world’s first marketplace for the trading of insurance policies, it will be a membership-based
ecosystem focusing on the key stakeholders.
The team will provide the policy holders with the liquidity in transperancy.
Providing a liquidity alternative to existing policyholders through a transparent, fair and efficient platform
which will allow the tokenization of their existing policies so that they can trade with their policies.And can sell it to the third parties and can eran huge profit.
For the buyers too they have made it a convinent way so that they can buy it easily and do not loose from the trading.
The team has developed a trustless marketplace for the buyers exploring tradable policies as part of their investment portfolio by leveraging on blockchain technology and its benefits to provide a secured transactional ecosystem.
The platform features will be designed and developed with these member stakeholders’ needs as a
guiding principle.
For buyers they will help them with providing policies at a cheap rates.
The fidentiaX members’ platform will provide the following features to the buyers which will be depending on the membership category:
Whitelist process will be starting by the end of this week.
Bounty starting today on bitcointalk.org
The team will be joining Access (https://www.access-sg.org/) next week
The team will also join the Singapore Fintech Association (https://singaporefintech.org/) the following week
Public Round starts on 6th Nov
Blockchain,PWS GROUP,SEGURO,BITCOIN PR BUZZ etc are the official partners.
fidentiaX's tokens will be in a number of 100,000,000 fdX for Crowd Token Contribution (CTC) with also bonus for early contributors based on the following calculation:
CTC Day 1-2 ----------- 1 ETH = 575 fdx (15% bonus)
CTC Day 3-5 ----------- 1 ETH = 550 fdx (10% bonus)
CTC Day 6-30 ----------- 1 ETH = 500 fdx
In fact a Private-Contribution exercise will take place before to the Public-Contribution for the following: the strategic partners, the company affiliates and angel investors. CTC will end after 30days or when the 100,000,000 fdX target will be achieved so, whichever is earlier.
Thats all for the moment.
