Topic: FinWhaleX: Peer-to-Peer Lending on the New level - page 2. (Read 1261 times)
Very often if person has a bad credit history he use the fake information to get loans. It is necessary to check all the information that provides borrower.
If person does not return loan for bank and has a bad credit history it means that he would not return credit for lending platform or microfinance organization.
That is why it is necessary to carefully study and check all the information about the borrow. Every borrower has its own credit rating.
Not only platform but we should also check on which exchange they are conducting the IEO because recently we are seeing many good platforms launching which are very different but when it comes to the reality they developments are not up to the mark.
Expectations are far from reality. The main aim of every IEO is to collect money as much money as possible. That is why on the site and in Whitepapers are only positive information.
We have seen many companies are designing the White paper with a lot of information but when it comes to reality we don't see actual developments. Now many people are showing interest in IEO's because exchanges will hold some funs for their developments.
There are currently many P2P platforms to lend but that prerequisite is to have many users.
Currently in Binance, there are many borrowers from exchange and that is one of the big competitors of FinWhaleX.
So how can our project attract many users in the future?
Currently in Binance, there are many borrowers from exchange and that is one of the big competitors of FinWhaleX.
So how can our project attract many users in the future?
in which countries the project will work. you just need to understand that in some countries it is illegal and will violate the law.
I also believe that the team should protect its customers and warn about such options, so that participants can be aware of all the moments of registration on the platform for their country. finexbox.com very reputable exchange with good trading volumes. I think it would be perfect for a startup.
Yes, more than $ 5 billion trading volumes and it will be really cool. let's see how it all works in practice .
as I understand now you have 3 site on which you provide services. will it all be combined into 1 platform or not?
It seems to me that it would be convenient for users to register in one place , i.e. on a platform that can provide access to different categories of services. finexbox.com very reputable exchange with good trading volumes. I think it would be perfect for a startup.
that's good news, because soon we'll be able to see the moon.
does the team have a channel with announcements so I can follow the news?
at the moment they already have a working business is of course a plus but we must be sure that the team will show something revolutionary as in this market is just a huge competition.
I think they can do it. I began to study the description a little. Virtual reality in this business can become popular, it's a fact.
If person does not return loan for bank and has a bad credit history it means that he would not return credit for lending platform or microfinance organization.
Banks do not give the credits for borrower if they are not sure if borrower will return a credits, if borrowers have a bad reputation.
Very often borrowers do not return credits even for banks. That is why many borrowers have a bad credit history and cannot get a bank loans.
That is why it is necessary not only to read Whitepapers. It is necessary to check all the information and compare this information with other information on different resourses.
Not only platform but we should also check on which exchange they are conducting the IEO because recently we are seeing many good platforms launching which are very different but when it comes to the reality they developments are not up to the mark.
Expectations are far from reality. The main aim of every IEO is to collect money as much money as possible. That is why on the site and in Whitepapers are only positive information.
Interesting project with P2P platform that offers a lending program. It is very important that the borrower will return loans.
Peer-to-Peer lending platform on the new level on blockhain. Blockhain has a lot of opportunities and can be used in different spheres.
THIS PROJECT IS A SPAM THREAD, WITH PENDING SCAM ACCUSATIONS. BE WARNED.
The competition among microfinance organizations is very big. FinWhaleX must have better conditions for loans and people will use the platform.
The competition among cryptocurrency projects is very big too. There are a lot of different IEO that conducts on different exchanges. It is necessary to be better than others.
Not only platform but we should also check on which exchange they are conducting the IEO because recently we are seeing many good platforms launching which are very different but when it comes to the reality they developments are not up to the mark.
Banks do not give the credits for borrower if they are not sure if borrower will return a credits, if borrowers have a bad reputation.
If it will be very simple to receive a bank credits it would not be so many microfinance organizations and they was not so popular.
The conditions of bank credits for borrowers is better than in microfinance organizations, but banks must be sure that borrower will return a credit.
Creditors must be sure that the borrowers will return the credits. If creditors would be sure there would be a lot of borrowers on the platform.
Every borrower will have their own credit rating. Creditors will give a loans according to the rating of borrower. Creditors will know their risks.
There are loans with collateral that creditors would be sure that borrowers will return the loans. Cryptocurrency can be used as collateral.
To have a good conditions for loans it is necessary that on lending platform it would be a lot of creditors and conditions of work for creditors would be compfortable.
A lot of depends from the sum of the loans. I think that for the loans on big sum of money it is necessary to have collateral because there are a lot of fake documentation.
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