In the world of financial marketing, each business has different agreements with its various employees and contractors. Mainly the people involved in the small businesses face the problem of cash flow.
A man is engaged in the business of transportation. He used to offer daily delivery service across the nation. His business usually gets paid for his services in 80-90 days after the invoice for his service is issued. It means that on an average, it may take at least 60 days for getting paid of the service provided. Due to this reason he will run out of cash for his business because he needs to pay his drivers within 10 days of the service, he needs to meet the fuel cost and other maintenance costs of his business. Without extra funding, he will be in great trouble for continuing his business.
Therefore, to solve such situations in the financial market the concept of INVOX FINANCE has been developed which will support the businessman in the problem of being run out of cash. The invox finance platform aims to develop a trusting environment by providing transparency between the parties and rewarding the members as per their performance. This platform will revolutionalize the existing system in the finance market and will make things simple and fruitful.
Solution offered by INVOX FINANCE
The invox finance is a decentralized platform which is for peer to peer lending of invoice. This platform will allow a direct connection between the buyer, seller and the investor which will facilitate them for sharing and distribution of information. Thus it will add transparency to the invoice lending process. In addition, in the invox finance platform, all the flow of information and transactions will be handled by a single service provider which will add more trust in the platform with the use of a certain set of rules based on the current market scenario.
In the traditional invoice financing, the financier purchased the invoice from the seller and thus the financier gets ready to give the advance money to the seller against each of the invoices but the term is the buyer has to directly pay the money to the financier based on the invoice. Such scene creates a trust issue between all the involving parties in the transaction.
The following are the features which distinguish invox finance platform from the traditional invoice finance system
The sellers will be able to obtain the money from the financier at low rates of interest.
The new way for the investors will be initiated which will help them to come up and deal in the industrial sector.
The invox finance platform is a fully decentralized platform in which all the parties connects with each other and initiates transparency in their information and transactions.
The sellers can get the direct access to the investors with a peer to peer lending environment which will add benefit for both the seller and the investors.
The following are the features which are embedded in the invox finance platform
Loans smart contracts
User access and processing hub
The blockchain and Ethereum network
Dynamic invoice smart contract
ICO details for INVOX FINANCE
The token associated with invox finance is known as INVOX token. The platform for the token is Ethereum. The value of 1 INVOX is 0.0001 ETH. The total hard cap associated with the token is 20000 ETH. The maximum supply of the token will be 464,000,000.
Conclusion
The invox finance platform is very revolutionizing which will connect all the parties and will add trust in them. This platform offers equal benefits to each of the member associated with this platform. With the traditional invoice finance system, most of the sellers, buyers and investors were facing serious issues which were especially creating a problem for the small businesses to stand in the current market. Thus the solutions offered by the invox finance platform seems very promising in helping each of the party who will be getting associated with them. Hence, with all new technology and feature for one of the sectors of finance market the platform of invox finance will be very helpful and compatible with the upcoming changes and developments.
Website : https://www.invoxfinance.io/
Whitepaper : https://www.invoxfinance.io/docs/Invox-Whitepaper.pdf
