Fintrux is bringing a revolution in Loan industry where Getting an unsecured loan will be easy, fast, and affordable. Fintrux realized this with the involvement of rated agencies, decentralized technology and revolutionary credit enhancements.
In layman’s terms Unsecured loan is a loan that is not protected or secured by any asset. In this case, naturally, Lender will be charging more to cover the risk of lending. Here Fintrux will come into play and will benefit the lender by covering the risks and will benefit the borrower by reducing interest rates.
FintruX Network is one of the world’s first blockchain 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.
Token Sale
HARD CAP: 75,000,000 FTX (25M USD)
STARTS:7 th of February 2018 17:00 UTC
ENDS: 28th of February 2018 17:00 UTC
EXCHANGE: Base Price = 1:1500 FTX
CURRENCY: ETH
BONUSES: 5%, 2.5%, 1.2%, 0.6%, 0% (Diminishing Incentive Bonuses)
MIN. TRANSACTION AMOUNT: 0.1 ETH
MAX. TRANSACTION AMOUNT: Unlimited
In the event that we have raised approximately 25M USD, we will prepare to close the crowdsale within 12 hours. This is to ensure that the 25M valuation of ETH is accounted and a stable price of ETH is used. Tokens not sold will be distributed proportionally to all contributors on launch of the platform.
There are five (5) bonus tiers for the token sale. The distribution of each tier is based on a first-come-first-serve basis. Any cross-over on multiple tiers will be split accordingly. Early purchase will benefit from the highest bonus, which will diminish down to 0% bonus at the last tier. The exact bonus model can be found on the next page.
the launching price formula is based on the base price plus five tiers diminishing incentive bonuses representing a normal distribution with a standard deviation. The base price of FTX is 1,500 per ETH. The bonus model will follow what has been sold during the presale.
Example: If we sell 5,000 ETH (8,250,000 FTX) during the presale, the 1st tier would start at 5,001 ETH and add another 2,000 ETH on top of that. The remaining FTX at tier 5 will become 29,483,000 FTX. Under that scenario, we continue through the tiers until the maximum goal of 75,000,000 FTX has beensold.
FTX 2 will be distributed weeks after the crowdsale ends. The end of the sale can be triggered by:
- Hitting our hard cap of 75M FTX Sold
- Reaching the end of the sale period (Feb 28th
17:00 UTC)
KYC is also required for participation.
for more information please visit:
website: https://www.fintrux.com/
Crowd sale: https://www.fintrux.com/tokensale.aspx
whitepaper: https://www.fintrux.com/home/doc/whitepaper.pdf
Twitter: https://www.twitter.com/fintrux
Telegram: https://t.me/FintruX