Topic: [ANN][ICO] FintruX Network - 💲 THE GLOBAL P2P LENDING ECOSYSTEM ✅ 💲 - page 150. (Read 19506 times)

Wow, 4.8 is insanely high. This is really extremely impressive. There are some good ICOs that score around 4.0, so to get 4.8 is phenomenal. Congratulations, and I hope this spurs people on to join the FintruX project

Congratulations, these are the better news we could expected.

Congratulations on the rating! 4.8 is extremely difficult to achieve.

Correct! Please make sure you pre-register for the token sale to participate!

You have the answer in this page. The registration period has start!

Congratulations! That's a good new. This is the link for registration, isn't it?

I thought that there was only one bounty campaign. That's great I can join them meanwhile! Facebook and twitter doings seem very easy to achieve.

What is the next step in your calendar?

Thanks for taking the time to write such a detailed reply.
It helps a lot, and I'll be sure to point people back to that post if they need an explanation

Well there are a lot of bounty campaigns you can participate in. If your bitcointalk ranking is not high enough, please feel free to join our Facebook/twitter bounty! All you have to do is retweet/share our content, and/or like it (:

I've token a look at the bounty campaign but I don't understand very well the rules. Can you summarize?
I'm waiting to be Jr. Member to have this bounty!

Wonderful! I see that you currently have no signature. Please feel free to wear ours for extra bounty!

Thanks iam going to register in the bounty campaing

Detailed instructions will be posted on the website when sale is live, but for now my answer is 200,000.

What gas limit should we use for investing?

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.

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.

Indeed, a video will be much simpler and easier to understand.

That is excellent news, a short and snappy overview is exactly what draws people in... look forward to seeing it