FintruX - The World’s First Blockbuster!

FintruX Network is the global P2P lending ecosystem powered by Ethereum and no-code development. FintruX facilitates marketplace lending in a true peer-to-peer network to ease the cash-flow issues of SMEs that typically face challenges getting loan financing, such as startup companies. While pursuing traditional financing, most startups face challenges such as significant collateral required, stringent requirements, and impossible rates and terms (if alternative financing is procured). With credit enhancements, no-code development, and an open ecosystem, FintruX Network makes it easy for small businesses to quickly secure affordable loans with no collateral — in any currency. Small businesses can get a loan up to 6 figures within minutes.

What is Fintrux?

Fintrux is a platform that enables fraud and identity agencies, credit financiers and decision agencies, wallets, stock exchanges, banks, asset managers, insurance companies and administrative tools of technology companies to build a financing portfolio to fit their client’s investment needs.

FintruX is the world’s first blockbuster, based on online market and automated administration platform for financing, connecting borrowers and investors, enabling them to customize and build each contract automatically with the borrower in real time.

Traditionally, the system belongs to the investor, and the condition is determined by the investor. Centralized data, changes, and downtime are sometimes inevitable. FintruX data can be trusted decentralized, unchanged, and failure time is almost guaranteed. The borrower offers the standard terms selected from the list, and the investor does bidding with confidence. Our platform is available to the public with full openness. The goal is not merely to combine borrowers and investors to conduct transactions (“Contracts”), but also to create a Borrower Contract with full transparency, so that parties can enter into a secret agreement with full automated administration.

ProblemMost funding sources are made by third parties, such as brokers and other intermediaries. This increases the cost, time and complexity of the process. In addition, the administrative process is usually labor intensive. Most financing agreements are difficult to understand, and specific instructions such as trading, repurchase, refinancing, prepayment, processing at the end of time, etc., are mainly done manually in a spreadsheet.

Most of the systems used by investors are not fully automated, records changed, censored and obeyed the patriotic actions of the domicile country. The financing industry has yet to adopt or adopt new technologies to meet the demand for new products and concerns about data confidentiality, increased competition and changes in consumer behavior in this direction. Financing processes that manage risks, bonuses and claims are usually associated with significant data exchange between multiple parties. Currently, various parties will keep a copy of their own data and process it separately. This makes it difficult to sync and collaborate through the entire process. Internet financial portal, trying to get through the middleman, can not solve the above problem.

Solution

FintruX wants to be the help serve the underserved and make sure they get the secure financing that they need. By putting a lending platform on blockchain essentially, fintruX give people a choice of selecting the best lenders. Moreover, There is an opportunity for the online marketplace model to make unsecured loans as risk-free as possible. FintruX believe, a transparent and open marketplace with the fully automated administration is necessary.

Since each smart contract is fully-customized and simplified, it will much easier to understand and without ambiguity. Smaller programs also lead to lower gas fee. The innovation underpins this inventive commercial center and organization model to proficiently associate and process the worldwide free market activity of capital. The stage additionally evacuates the requirement for physical foundation and brings out comfort and aggregate robotization, expanding effectiveness, decreasing manual procedures and enhancing the general acquiring and loaning background.

 

The FintruX Network 

The FintruX Network marketplace and automated administration platform is a credit enhanced P2P global financing portal on a blockchain. It is primarily for enabling startups and small businesses to borrow from local accredited investors and financial institutions. They can also borrow in Crypto currencies, where everything is performed globally. To maximize credit enhancement benefits, local third-party guarantors are invited to cover any losses arising from delinquencies or defaults that you over-collateralization cannot adequately cover.

There are cross-collateralization pools for each credit decision package and currency. They act as insurance reserves for the unexpected cost losses. At the end of term these amounts will be distributed back to borrowers or lenders of situation.

 

FintruX's Strategy 

FintruX have a mission to make trustless financing a no-brainer for both borrower and investor. And FintruX have a vision to facilitate an ecosystem where financing liquidity is maximized and all participants win.

Benefits for the borrower

1. Access to affordable credit.
2. Excellent borrowing experience.
3. Transparency and fairness.
4. Reduce transaction costs.
5. Funds are quick and effective.
6. Interesting contract.
7. Self-service

Benefits for the lender

1. Access to an innovative asset class created by the borrower.
2. Good loan.
3. Interesting returns.
4. No upfront payments to investors.
5. The cost of services to investors.
6. More satisfied customers

Target audienceThe FintruX market is for financial sector participants, and the main benefit for our users is the ability to search and match different needs as a borrower or investor.

• Small Business Borrower (SME), Get a loan or lease to finance your organization’s needs.
• Personal borrowers Get a loan or lease to finance your personal needs.
• Private Investors Give individuals or SMEs to take advantage of direct investment.
• Institutional investors Provide individual or small and medium-sized businesses based on portfolio interests and risk profiles.
• Brokers provide consulting services and other services.

For the performance of certain tasks, such as transferring applications for funding, the KYC Knowledge Your Client process will be created.

FTX- Token FintruX

The FTX stream is used to power the FintruX platform and serves as a means to reward or payroll to participate in the market. Any action on the platform has the associated costs specified in FTX. Because the action is performed on the platform, FTX is transmitted from one participant to another. As a result of this action, the platform will receive a prize.

GOOD LUCK ;)

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