FintruX – Secure P2P Lending Network & Crypto Loan Blockchain?
Are you looking for the right investment for you? There are so many different investments that you can make in the blockchain industry these days that you will easily be overwhelmed if you do not take some time to organize your ideas and goals. You have to know everything about the most interesting companies if you want to achieve the best results when you invest in them.
Because of this, you really have to make an effort to make the best possible investment. Luckily for you, our blog can be an excellent asset when you are looking for specific information about the best investments that you can make right now. Because of this, we are going to review a company called Fintrux.
What Is Fintrux?
Fintrux is a blockchain company that works in the loaning industry. Loans can be very risky and Fintrux knows that very well. The person lending the money has high risks of losing the money if the other person never pays and the one receiving the money has often to pay large interest rates because of the danger involved in the transaction.
With all these issues in mind, Fintrux developed a blockchain system to be used to lend money in a more safe way. Imagine a world in which you could be sure that a person would pay the loan back and, therefore, did not need to charge high interest rates. Fintrux wants to build a world like this.
This company wants to make both borrower and investor happy and they plan to achieve that using its automated platform and its blockchain system. The online automated platform also removes the physical barriers and make the whole system cheaper.
How Does Fintrux Work?
The big difference of this company is that, by using the Fintrux system, the investor will be able to be insured in case he is not paid. This will make its investment be infinitely easier because there will way less risk involved in the transaction.
The company plans to use smart contracts for each contract made in the platform. The contracts will be as not ambiguous as possible to eliminate the risks of disputes. There will be also an instant matching service to help people find their matches and lend or borrow money with even more ease than they normally would.
The company holds back 10% of every money lent as a collateral. If one person does not pay the lender, he will be insured by the company. This might look bad for some borrowers which will only receive 90% of the money, but they will pay lower interest rates because the risks are basically eliminated using the platform this way.
How To Invest In Fintrux?
To invest in this company, you will have to buy their FTX tokens during the upcoming public sale. The sale will start on January 7 and it will go until January 21, so the investors will only have two weeks to buy the tokens and decide if they want to invest in this company or not.
You can buy FTX tokens using ETH, at the rate of 1 ETH per 1500 FTX tokens. If you buy the FTX tokens at the beginning of the sale, you will be able to receive discounts that will range from 10% to 5%, so you should buy it soon if you want to invest in this company paying the cheaper price.
Remember that you will not be able to participate in the sale if you are from countries that have already banned Initial Coin Offerings (like the United States, China and Canada).
The Fintrux Conclusion
Is this company a good investment for you? If you plan to use their service, yes. This definitely can be a great company for you to invest in. The company looks very solid and there are no red flags to be seen on their site. Everything looks legit and the company has a very solid plan that will probably carve its place in the lending market.
Because of this, you can invest in Fintrux without having to worry. This company can definitely be a nice investment for you. If you want to invest, go for it, there is nothing that should be in your way unless your country prohibits you from investing in this company.