FintruX

FintruX

Trading
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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 on 5 Feb 2018
Q2 2017
Ethereum R&D<br /> <br /> Dapp R&D
Q3 2017
Concept Validation<br /> <br /> Whitepaper Ready<br /> <br /> Tokenization
Q4 2017
Focused Practise<br /> <br /> Wireframe Ready<br /> <br /> Partnerships
Q1 2018
Prototype Ready<br /> <br /> Open Source<br /> <br /> Funding <br /> <br /> Team Expansion
Q2 2018
Alpha Test<br /> <br /> Real Customers
Q3 2018
Beta Test<br /> <br /> Network Development<br /> <br /> Service Organization<br /> <br /> Marketing<br /> <br /> General Availability
Q4 2018
Go to Market<br /> <br /> Scale the Platform<br /> <br /> Extension
Gary Ng
CTO
Participates in a number of projects
Conrad Lin
Co-Founder & CMO
Participates in a number of projects
Aaron Xu
Front End Developer
Participates in a number of projects
Douglas Thiessen
Blockchain Developer
Participates in a number of projects
Philemon Selvaraj
Data Analyst
Participates in a number of projects
Nelson Lin
Founder & CEO
Participates in a number of projects

Advisors (4)

Hussein Hallak
Strategic Advisor
Participates in a number of projects
Dan Poh
Compliance Advisor
Participates in a number of projects
Elie Galam
Advisor
Participates in a number of projects
Abhijith Naraparaju
Blockchain Advisor
Participates in a number of projects
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