FINTRUX
Introducing....
FintruX – A Decentralized Finance for Loans, Mortgages and Leases
I look and have searched from various sources, about fintrux information, this project is a very promising project.FintruX allows borrowers to create their own fully customized and simplified smart contracts in unmarked Ethereal blocks; for every contract Cool is not it? Thereby making the financing useless for borrowers and investors.
Why you should invest in fintrux : because On FintruX
platform security, speed is a watch word, because data is decentralized, unchanged, and uptime is almost guaranteed.FintruX is solving a huge problem in the current financing marketplace. Most Financing is originated via third parties such as brokers and other intermediaries. This adds costs, time and complexity to the process. Furthermore, the administrative process is usually labor intensive. Most Financing contracts are difficult to understand and special instructions such as trade-up, buyout, refinance, prepayment, end-of-term processing, etc. are largely manually performed on spreadsheets.
platform security, speed is a watch word, because data is decentralized, unchanged, and uptime is almost guaranteed.FintruX is solving a huge problem in the current financing marketplace. Most Financing is originated via third parties such as brokers and other intermediaries. This adds costs, time and complexity to the process. Furthermore, the administrative process is usually labor intensive. Most Financing contracts are difficult to understand and special instructions such as trade-up, buyout, refinance, prepayment, end-of-term processing, etc. are largely manually performed on spreadsheets.
Furthermore, the Financing industry has not yet adopted or embraced new technology to meet the demand of new products and the increasing concerns about data privacy, increased competition and changes in consumer behavior is moving them in this direction.increased competition and changes in consumer behavior is moving them in this direction.increased competition and changes in consumer behavior is moving them in this direction. Financing processes that manage risk, premiums and claims typically involve a significant exchange of data between multiple parties. Currently, the different parties would store their own copies of data, and process it individually. This makes it difficult to synchronize and collaborate through a shared process.
You can find out information from withepapper, visit the link below :
>> WITEPAPPER <<
if you Become a token holder means you will be a supporter of all these loan contracts and transactions. Each activity on the platform has the associated costs specified in FTX. As activities are performed on the platform, FTX is transferred from one participant to another. As a result of this activity, participants will be rewarded with fee.
about information you can join in official telegram fintrux
there you can interact with other investors
FintruX has 4 levels of protection:
LEVEL 1: Over-Collateralization
Holding 10% of each loan as over-collateralization to covers 1 out of 10 bad loans and additional default protection
LEVEL 2: Third-Party Guarantors
Individuals invited as guarantor to the loans of their choice taking risk and compensation packages, but and in the case of defaults, cover the losses.
LEVEL 3: Cross-Collateralization
The 10% held back from every loan is pooled together in a cross-collateralization pool which functions as an insurance to cover all loans within the same class, this pool can offer a sufficient coverage ratio against the average loan loss
LEVEL 4: FintruX Reserve
The ultimate protection is 5% of all FTX Tokens have been reserved to cover any unexpected losses in the unlikely event that all previous credit enhancers fail.Also has transparency by using the blockchain technology, offering decentralization who gives people power to have the control of your lives again, once the information don’t belong to any corporation. Making possible to bring reliable, affordable and global lending solutions to as many people as possible.
The fully automated platform works different from the traditional systems that are usually a gigantic system with every single use case, instead FintruX have millions of little systems specifics for every single loan. The system generate one unique program (“Smart Contract”) for each borrower contract to be deployed in real-time on the blockchain via a configurable interface. Eliminating the need for complex if-then-else statements and enabling participants in every loan to fully understand the terms of their loan agreement.
The platform also provides borrowers with post-funding self-serve administration options and access to third party rated agencies.
FintruX plan to be a complete ecosystem providing all tools to help lenders and borrowers
To further enhance our offering, we will make our platform available to partners such as fraud and identity service agents, credit scoring and decision agents, wallets, exchanges, banks, asset managers, insurance companies and technology companies; to offer new investment and borrower products, and develop new tools for use on our platform. These ecosystem partners can transact directly with our marketplace or leverage our automated administration tools to build financing portfolios to suit their or their clients investing needs.
The project will start in Singapore because it’s close to three big financial hubs (China, India and Indonesia) and Canada with huge experiencing offering good services in securitizationto clients . The FintruX Network already has partner with Bloom and Datawallet.
The idea behind FintruX Network it’s makes easy for small businesses to quickly secure affordable loans with no collateral, in any currency, making unsecured loans highly secure.
do not miss this opportunity immediately join FintruX, for more information you can click the link below :
FINTRUX : https://medium.com/@FintruX
ANN THREAD : https://bitcointalk.org/index.php?topic=2286042
FACEBOOK : https://web.facebook.com/FintruX/
TWITTER : https://twitter.com/fintrux
WHITEPAPPER : https://www.fintrux.com/home/doc/whitepaper.pdf
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