FintruX

FintruX

Making Unsecured Loans Highly Secure

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.

About FintruX
Short Brief about FintruX ICO PROJECT with a score of 6.2, and this report was written on 22 June, 2018.
Take note that the information you see right now may change.

ICO PROJECT was in process at 22 June, 2018
Ico Start date was on 7 February, 2018, and the first post on bitcoin forum we see is on 18 August, 2017 with Subject [ANN][ICO] FintruX Network - THE GLOBAL P2P LENDING ECOSYSTEM.
Subject started by FintruX who now has 185 and the status Full Member on BT website.

Startup END DATE was 28 February, 2018

ICO PROJECT has chosen Ethereum token staging and collected raise $25,000,000.

Company has 4 consultants, some of them:

Dan Poh ( Compliance Advisor ) who was seen in Startup traceto.io (Chief Marking Officer & Co-founder), fidentiaX (Compliance Advisor).

Elie Galam as Advisor who took part in these projects: CopPay (USA), Game Protocol (CIO of Eastmore Group), Kijash (CIO of Eastmore Group), Tokenbox (Advisor (Finance), The Eastmore Group), CREDITS (Bancor Foundation Financial Advisor New York)

Abhijith Naraparaju (Blockchain Advisor). He was seen working at Scrinium (Blockchain Solution Architect) ICO PROJECT
Team
Founder & CEO
Co-Founder & CMO
Front End Developer
Blockchain Developer
advisors
Blockchain Advisor
Compliance Advisor
Strategic Advisor
Milestones
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
Financial
token info
Token Name FTX
Token Platform Ethereum
Token Total Supply 100,000,000 FTX
Preico Token Price 1 ETH = 1,650 FTX
Ico Token Price 0.5666 USD
investment info
Fundraising Goal 25,000,000 USD
Fundraising Value $25,000,000
Personal Cap Min 0.1 ETH
Personal Cap Max 1000 ETH
Accept Currencies ETH
Soft Cap 5,000 ETH
Hard Cap 75,000,000
Restricted Areas Canada, China, Hong Kong, New Zealand, USA
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