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Topic: [ANN][ICO] FintruX Network - 💲 THE GLOBAL P2P LENDING ECOSYSTEM ✅ 💲 - page 135. (Read 19497 times)

member
Activity: 308
Merit: 10
How much can I earn by investing $ 100?

You shouldn't buy just to sell straightaway, this is an excellent project that solves a real-world problem. I think that you can get a very big return by buying at ICO and then holding until the project is mature and established in the marketplace.
Yes, I think the same. You must to buy when you believe in the project. You have to pretend that the project grows because you have invested in it not only to sell the tokens.
sr. member
Activity: 1078
Merit: 354
How much can I earn by investing $ 100?

You shouldn't buy just to sell straightaway, this is an excellent project that solves a real-world problem. I think that you can get a very big return by buying at ICO and then holding until the project is mature and established in the marketplace.
member
Activity: 308
Merit: 10
How many hours for the token sale?
It starts at 17:00, i presume
But is it the sale or presale yet?
It's presale. Now you can get 10% bonus!  Wink
It's a good bonus! If we invest now, we will earn more.
newbie
Activity: 3
Merit: 0
How much can I earn by investing $ 100?
member
Activity: 322
Merit: 10
You can solve some of your questions if you go to their site.
www.fintrux.com
Is there any subpage where they can help you?
Do you mean, where you can ask any question?
full member
Activity: 448
Merit: 101
How many hours for the token sale?
It starts at 17:00, i presume
But is it the sale or presale yet?
It's presale. Now you can get 10% bonus!  Wink
When will the sale start?
full member
Activity: 434
Merit: 100
How will the project guarantee that the lender receive their loan back?
They have a plan for these situations in which the borrower don't pay. You can see it at the whitepaper, sure.
Good to know it. Anybody knows where can I find it, in what page?


Page 2 gives an overview. Basically there is 10% of each loan collected as collateral, plus guarantors, plus third party insurance.
There is also this from earlier in this thread:

The front page of the website and the opening post in this ANN thread do a very good job of explaining the nature of the project and what makes FintruX stand out from the competition.
One thing I would love to see though is some example cases to really give people an extra clear picture of how it all works, e.g. Alice registers as a lender, Bob takes out the loan and pays it all back, then Charlie takes out a loan but doesn't pay it back, etc., going on to show how the bad debt is covered, how credit worthiness is established and affected.

Hi Styca, that's a wonderful question. Please allow me to paint a clear picture, using your example. If 'Charlie' doesn't pay, the following will occur:

- ~1 day delinquent: email goes out
- ~3 day delinquent: email and text message go out
- ~7 day delinquent: email and text message and collection calls go out
- after ~1 month of no payment: over-collateralization kicks in
- after ~2 months of no payment Guarantor gets notified
- after ~3 months of no payment: Guarantor gets called upon to provide full balance payment... and if no guarantor then client will get paid from the cross-collateral pool and ultimate reserve pool for overage.

Self serve refinancing option is available to borrowers to avoid delinquencies. The number of times, amounts and terms are presented by the lenders upfront.

Lenders can rate their borrowers at the end of term from 1 to 5 stars with written review. It would be silly for the borrowers to destroy their reputation for future borrowing.

In the future, APIs can be used to connect to our systems so lenders in banks, small firms, etc. can use our well established ratings to determine eligibility their clients. Currently, if you want to borrow from a different bank within the same city, they have different fees/waiting periods because each bank has a different internal record of your credit. We are solving that.
That's what I was saying. Really good plan to solve problems.
what do you mean when you said delinquent?
member
Activity: 392
Merit: 10
You can solve some of your questions if you go to their site.
www.fintrux.com
Is there any subpage where they can help you?
member
Activity: 308
Merit: 10
How many hours for the token sale?
It starts at 17:00, i presume
But is it the sale or presale yet?
It's presale. Now you can get 10% bonus!  Wink
member
Activity: 308
Merit: 10
How many hours for the token sale?
It starts at 17:00, i presume
But is it the sale or presale yet?
member
Activity: 322
Merit: 10
You can solve some of your questions if you go to their site.
www.fintrux.com
member
Activity: 322
Merit: 10
member
Activity: 322
Merit: 10
How will the project guarantee that the lender receive their loan back?
They have a plan for these situations in which the borrower don't pay. You can see it at the whitepaper, sure.
Good to know it. Anybody knows where can I find it, in what page?


Page 2 gives an overview. Basically there is 10% of each loan collected as collateral, plus guarantors, plus third party insurance.
There is also this from earlier in this thread:

The front page of the website and the opening post in this ANN thread do a very good job of explaining the nature of the project and what makes FintruX stand out from the competition.
One thing I would love to see though is some example cases to really give people an extra clear picture of how it all works, e.g. Alice registers as a lender, Bob takes out the loan and pays it all back, then Charlie takes out a loan but doesn't pay it back, etc., going on to show how the bad debt is covered, how credit worthiness is established and affected.

Hi Styca, that's a wonderful question. Please allow me to paint a clear picture, using your example. If 'Charlie' doesn't pay, the following will occur:

- ~1 day delinquent: email goes out
- ~3 day delinquent: email and text message go out
- ~7 day delinquent: email and text message and collection calls go out
- after ~1 month of no payment: over-collateralization kicks in
- after ~2 months of no payment Guarantor gets notified
- after ~3 months of no payment: Guarantor gets called upon to provide full balance payment... and if no guarantor then client will get paid from the cross-collateral pool and ultimate reserve pool for overage.

Self serve refinancing option is available to borrowers to avoid delinquencies. The number of times, amounts and terms are presented by the lenders upfront.

Lenders can rate their borrowers at the end of term from 1 to 5 stars with written review. It would be silly for the borrowers to destroy their reputation for future borrowing.

In the future, APIs can be used to connect to our systems so lenders in banks, small firms, etc. can use our well established ratings to determine eligibility their clients. Currently, if you want to borrow from a different bank within the same city, they have different fees/waiting periods because each bank has a different internal record of your credit. We are solving that.
That's what I was saying. Really good plan to solve problems.
full member
Activity: 434
Merit: 100
full member
Activity: 434
Merit: 100
What is your experience in the sector?
member
Activity: 392
Merit: 10
Where can I follow the ICO news? I wanna know how many tokens are being sold or how many time there are until it finish.
I like to know if there is one site where we can we informed about the ICO apart of this
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