Fintrux: the entrepreneur's lending Bank
Accessing low-risk loans with little or no effort is the dream of every upcoming entrepreneur. Fortunately, this dream is on a pathway of being actualized thanks to FintruX and its vision of creating a bridge between borrowers and lenders.
The way loan works in the world today, is not friendly to prospective entrepreneurs, getting an unsecured loan is almost impossible to get, and if you manage to get one it would require high-interest rate. This is where FintruX comes in; our network is a unique system based on blockchain technology, it serves as a platform that connects lenders with borrowers, this would go a long way to ease and facilitate the process of obtaining a loan.
Fintrux in figures & quick facts
• Token name: FintruX (FTX)
• Total tokens offered :
• Token worth :1 FTX per 0.54
• Pre ICO starts: December 1, 2017
• Pre ICO ends: January 21, 2018
• Token sale starts: February 7th, 2018
• Token sales ends: February 28th, 2018
• Ticker: FTX Token type: ERC20 ICO
• Minimum investment allowed: 0.1 ETH
• Soft cap: 5,000 ETH
• Hard cap :75,000,000 FTX
FintruX can be purchased with Ethereum and countries like USA, China, Canada, Hong Kong, New Zealand would not be participating.
This cryptocurrency (FTX) is meant to aid loan, but without a doubt, it would be used as a medium of exchange. It is going to be based on Ethereum ERC20 standard it's proposed distribution is going to take this form;
• Token Sale: 75%
• Team: 10%
• FintruX Reserve: 10%
• Collateral Reserve: 5%
About FintruX team
The team behind is made up of directors and legal team, all experienced in their field, they all have vast financial skills and are very familiar with the concept of Loan, they also have ICT knowledge, the founder Nelson Lin is a successful inventor so FintruX would not be his first invention.
Social media presence
Having a good social media followers shows how the public believe in the prospect of a new cryptocurrency, FintruX has an excellent social media presence judging from the fact that it still at its early stage.
Although the cryptocurrency market is getting overcrowded with newer currency coming out almost daily, FintruX have a fair chance of competing due to its unique perspective of being a loan enhancing currency, as a functional currency, it has no competition.
The quality of a cryptocurrency site goes a long way to show how serious the team is.
FintruX website is very professional and easy to navigate, it contains all the information needed and a summary of its Whitepaper. Activities of it's Pre ICO, and Token sales are made on the site. It has about ten alternative languages.
The Whitepaper of FintruX is a 40+ page document, well detailed and carries everything you need to know about it's Token, and ICO sales, it also contains detailed information of how it works and about its prospect. Although lengthy if you go through the Whitepaper you will undoubtedly key into its prospect.you can download the Whitepaper here
Looks like an interesting project for p2p lending. Thanks for the share