Binance
The Global Leading Digital Asset Exchange
Start Trading
BTC $ 5,342.29 0.26%
ETH $ 173.25 -0.71%
MARKET CAP $ 180 bln -0.39%
ICOs 5,405

FintruX

Trading
12,808 Views
FintruX aims to make unsecured loans highly secure. Harnessing over two decades of experience serving the securitization sector, we apply cascading levels of credit enhancements to offer unprecedented risk reduction towards unsecured loans. Interest cost reduction is one of the most important motivations in securitization. It is often done via credit enhancement. We can apply the same principles to reduce the high interest rates normally associated with unsecured loans, making it attractive to both borrowers and lenders. Our goal at FintruX Network is to disrupt the way unsecured loans are being originated and administered. This innovative concept solves three major issues for small businesses, especially startups, to borrow from accredited investors and financial institutions. By applying credit enhancements, FintruX Network seeks to neutralize the lender's credit risk and, in the case of a default, provide cascading levels of insurances to cover the loss – thereby increasing the overall credit rating and lowering interest rates simultaneously. The four cascading levels of credit enhancement include over-collateralization as additional collateral, a local third-party guarantor, cross-collateralization as insurance, and FintruX ultimate protection reserve. A unique smart contract is generated and deployed by FintruX Network for each individual borrowing at real time to provide unambiguous, immutable, and censorship resistant records where no arbitration is required. In addition to simplifying the loan application process via instant matching, FintruX Network also provides borrowers with post-funding self-serve administration options such as refinance and prepayment. FintruX Network is a multi-sided marketplace and ecosystem that delivers value not just to borrowers and lenders, but also to third-party guarantors and specialized service agents. We are making borrowing and lending a no-brainer for both borrowers and investors.
General
Website: Visit
White paper: Read
Bounty: Bounty
ICO Time: 07 Feb 2018 - 28 Feb 2018
Country: Singapore
Token info
Ticker: FTX
Platform: Ethereum
Token Type: ERC20
Total supply: 100,000,000 FTX
Financial
Raised $ 25,000,000
ICO Price: ≈ 0.58 USD
Accepting: ETH
Soft cap: 5,000 ETH
Hard cap: 25,000,000 USD
Bonuses: Up to 5%
Screenshots taken 5 Feb 2018
Q2 2017
Ethereum R&D

Dapp R&D
Q3 2017
Concept Validation

Whitepaper Ready

Tokenization
Q4 2017
Focused Practise

Wireframe Ready

Partnerships
Q1 2018
Prototype Ready

Open Source

Funding

Team Expansion
Q2 2018
Alpha Test

Real Customers
Q3 2018
Beta Test

Network Development

Service Organization

Marketing

General Availability
Q4 2018
Go to Market

Scale the Platform

Extension
Gary Ng
CTO
Conrad Lin
Co-Founder & CMO
Aaron Xu
Front End Developer
Douglas Thiessen
Blockchain Developer
Philemon Selvaraj
Data Analyst
Nelson Lin
Founder & CEO

Advisors (4)

Hussein Hallak
Strategic Advisor
Dan Poh
Compliance Advisor
Elie Galam
Advisor
Abhijith Naraparaju
Blockchain Advisor
ICO Stats
Interesting ICOs
Active
Demblock
The DemBlock marketplace is an already fully functioning and working decentralized electronic marketplace with the possibility to offer notarized supplier data on the blockchain. Suppliers have the possibility to list their products on the DemBlock marketplace and to conduct corporate and sourcing verification on the blockchain.
Active
Quanta Networks
Quanta is stepping up, to build high performance, Blockchain compliant platforms that will evolve the Telecom industry and enable scalable, secure and efficient Blockchain environments. Quanta is a “disruptive” new telecom technology. By comparison, Uber is a transportation company that does not own its own vehicles. Their business model is based on enabling and utilizing surplus or unused resources. Quanta creates network connections where there is available bandwidth by optimizing portions of network traffic, redirected in the interest of improved speed and connectivity, enabling devices to form a communication network by themselves using their own available bandwidth. Quanta is creating a better network without purchasing any bandwidth.
Active
PrepayWay
PrepayWay is a blockchain ecosystem that simplifies and streamlines international collaboration, contracting, and payments for companies across multiple industries.
Upcoming
Colendi
Banks evaluates a person only through limited financial history. Colendi evaluates your real-life data, which is distributed among various places, securely without collecting it, thus creates the true credibility passport.
Pre-Sale
AlphaX
The Alpha-X project is set to disrupt and lead a new revolution in online e-commerce. The e-commerce industry was integral in driving mass utilisation of the Internet and it will be no different for the development of the blockchain. The major motive behind this project is that large networks of sellers are disappointed when selling products online on centralized marketplaces, due to the high commissions, strict guidelines and strong regulations. The vision of Alpha-X is to provide a platform that facilitates decentralized commerce that is free to use and sustainable in nature. This vision reaches beyond the core blockchain to include applications and ventures built on top of existing platforms. The Stars and Space is a good conceptual model. It exists but is unreachable. Alpha-X is the meteor in a groundbreaking technology that will soon hit the earth. It is our user’s legacy and the roots of our platform; a system of self-governance in the shape of an independent peer to peer network.
Upcoming
Crypto Potential
Crypto badges. Simple. Rewarding. Transparent. Incentivizing achievements through dedicated crypto badges. Blockchain projects are evaluated and tested for specific parameters and awarded with badges according to their achievements and contribution. The badges stand for credibility and transparency and serve to incentivize qualified projects with QCP token. The Crypto-Potential community will have access to a selection of projects with verified information and their achievements. The mission is to empower projects to achieve more. The vision is to create a more transparent crypto space.