|Token price||1 ETH = 1,000 FTX|
|Soft cap||7,000 ETH|
|Hard cap||75,000,000 FTX|
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 opportunities provided by these ecosystem partners will help expand the attractiveness and availability of our network.
We generate revenue from charging participants transaction fees in FTX Token. Lenders can charge their desired fees to their borrowers. Lenders can also reward borrowers with FTX Tokens if paid on time. We do not assume credit risk or use our own capital to invest in financing facilitated by our platform.
The capital to invest comes directly from a wide range of lenders, including retail investors, high-net-worth individuals and family offices, banks and finance companies, insurance companies, hedge funds, foundations, pension plans, university endowments, and through a variety of channels.
An unsecured loan is a loan that is not protected or secured by any asset. In this case the lender is taking a lot more risk and would likely charge a higher interest rate. The riskier the loan, the more expensive it will be. We make borrowing and lending a no-brainer for both borrowers and investors.
- CREDIT ENHANCEMENTS
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.
- SMART CONTRACT
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 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.
Our technology supports this innovative marketplace and administration model to efficiently connect and process the global supply and demand of capital.
Our platform also removes the need for physical infrastructure and brings out convenience and total automation, increasing efficiency, reducing manual processes and improving the overall borrowing and lending experience.
- 75% - Token Sale
- 10% - FintruX Reserve
- 10% - Team
- 5% - Collateralization Reserve
- Nelson Lin - Founder & CEO
- Conrad Lin - Co-Founder & CMO
- Gary Ng - CTO
- Aaron Xu - Front End Developer
- Douglas Thiessen - Blockchain Developer
- Philemon Selvaraj - Data Analyst
- Elie Galam - Advisor
- Hussein Hallak - Strategic Advisor
- Abhijith Naraparaju - Blockchain Advisor
- Dan Poh - Compliance Advisor
- Q2 2017
- Ethereum R&D
- Dapp R&D
- Q3 2017
- Concept Validation
- Whitepaper Ready
- Q4 2017
- Focused Practise
- Wireframe Ready
- Q1 2018
- Prototype Ready
- Open Source
- Team Expansion
- Q2 2018
- Alpha Test
- Real Customers
- Q3 2018
- Beta Test
- Network Development
- Service Organization
- General Availability
- Q4 2018
- Go to Market
- Scale the Platform