Topic: [ANN] fidentiaX-World's 1st Blockchan Mktplace for Tradable Insurance Policies - page 19. (Read 9290 times)

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New article

Fidentiax – Open Market for Tradable Insurance Policies
https://icomagazine.com/fidentiax-open-market-tradable-insurance-policies/

fidentiaX ICO added - ICOTRACKER.NET   https://icotracker.net/project/fidentiax   https://twitter.com/Kaznachej123/status/923227297255129088

                            

The founders are in Dubai now!! We will be meeting investors over the next couple of days! Ping us if u are in dubai!

Thanks for the community support thus far, we have opened our private sales since 20 Oct and have been getting positive feedback!! Thank you.

Please register for the whitelist at https://token.fidentiaX.com and watch out for exciting promotions in the coming days.

Please do not hesitate to contact us directly if you have any queries on how you can participate in the private sales.

Thank you!

Need all the help to get the word out!

My apologies if my previous attempt to explain the various tokens wasn't clear. The rational behind 3 tokens can be found in the whitepaper (https://www.fidentiaX.com/whitepaper).

Here is why we are using 3 tokens:

fdX tokens: this ERC20 token is used for the crowd token contribution period as well as the various utilities covered in the whitepaper. Ethereum has the liquidity for raising funds as well as functionaly have a bigger market for trading after the token goes live. There are many exchanges that caters for ERC20 tokens which will provide a market for fdX tokens in the future.

ISX tokens, this is the platform unified token which will be used for all transactions within the platform. There are various reasons for using a Platform unified token as it allows some form of control against Money-Laundering. ISX tokens cannot be transferred unless in a sales and purchase transaction and is pegged to US$1. this pegging also adds another utility as we can mitigate the fx risk within the platform. There will be situation where by the seller and buyer's currencies mis-match and thats where ISX comes in to minimize FX movement.

Curency Rep tokens, this token effectively is transpaent to most users as it would just be a balance of the user based on their initial deposited currency. We cannot insist that buyer deposits only USD and insist that they convert their fiat/btc/eth/etc into ISX immediately. thus the need for a currency rep token on the platform.

Hope i managed to address your queries.

Yes, that's a pretty good question. Why is there 3 types of tokens to begin with?

thank u!

getting policies tokenizated on the blockchain and driving adaptation of blockchain technology in the industry. baby steps but we will get there! imagine we world whereby all insurance policies are issued directly onto the blockchain.

you could join the bounty program https://bitcointalksearch.org/topic/m.23307267
or better still, contribute to the project by first signing up for the whitelist and spread the word.

We have a member-get-member program which is detailed in the whitepaper.

looking forward to your support. Please sign up for whitelist at token.fidentiaX.com

your involvement is crucial on how fast and how far we can bring the platform up/to. Early contributors will be receiving a bonus and with adaptation of the platform, we will be reducing supply of the tokens in the market and thus increase scarcity of the tokens and giving reason for the market to invest in our tokens.

Once we are done with the Crowd Token Contribution, we will follow the roadmap as per our whitepaper.

do support the project by signing up for our whitelist at token.fidentiaX.com

India is definitely on our radar, how could we ignore such a big market! Once we understand the regulatory concerns and control in India, there is nothing stopping us to avail the platform to india for listing their policies.

InsureX or iXledger as they are known now is a great idea and project, we wish them all the best. The key difference is the project scope, while iXledger strives to address the bigger task of getting end-to-end adaptation of blockchain for the industry from Re-issuer, insurer, distribution channels to the policyholders. Our project is laser focused on address one segment of the industry, the tradable policies market which in itself is a multi billion market. It does not require insurers to change their existing process nor adopt new technologies though we would certainly hope we see the first life insurance policy by a major insurer issuing directly onto the blockchain. That is also one of the reason why we are setting up fidentiaX Open-source foundation to share open-source protocol.

I think it's a new era for tradeable insurance policies.
Sounds good to hear that. "FidentiaX Brings World’s 1st Marketplace for Tradable Insurance Policies"

Why there are 3 types of token?

You are right, early investors during the 1st 5 days will be getting a bonus.

Why we have 3 tokens are explained in the whitepaper, in sumary is how we manage Anti-Money Laundering and Forex risk within the platform.

I can't say how we will perform comparatively to the others, all I can say is our team is committed to deliver what we set forth in the whitepaper and we need all the support we can get from the community to make this possible.