On FinWhaleX will be used loans with collateral and without collateral. It is possible to use cryptocurrency as a collateral.
The loans with collateral are much better for creditors but not all borrowers have a collateral for loans.
Topic: FinWhaleX: Peer-to-Peer Lending on the New level - page 4. (Read 1223 times)
The loans with collateral are much better for creditors but not all borrowers have a collateral for loans.
For example if cryptocurrency raise, people cannot sell cryptocurrency and may take a loan with the collateral in cryptocurrency.
For creditors the loans with collateral will be much more better. They will be sure that borrowers will return their money.
But not all borrowers have money for collateral. People take loans because they need money. If they have money they do not need loans.
Blockchain technology is very clear and transparent. Thanks blockchain technology it is possible to check all operations on the platform.
Thanks blockchain will be used a rating system for every borrower. Every borrower will have his own transparent credit rating.
It is good that FinWhaleX will have a rating system and every borrower will have a rating. To get a better conditions for loans it is necessary to have a good rating.
I do not understand why is blockchain technology is useful for lending P2P platform? How blockchain technology will be used in FinWhaleX?
There are many microfinance organizations that gives the loans. If FinWhaleX will have better conditions for loans people will use this platform.
The competition among microfinance organizations is very big. FinWhaleX must have a better conditions for loans and people will use the platform.
There are loans with collateral that creditors would be sure that borrowers will return the loans. Cryptocurrency can be used as collateral.
A lot of depends how many users will be on the platform. If it will be a lot of creditors it will be a big competition among them and the conditions of loans will be good.
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.
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.
But the percent on bank credits is much less then the percent in microfinance organizations, that is why bank credits better.
There are a lot microfinance organizations and lending platforms but they do not use blockchain technology.
The completion in this sphere is very big. Also banks give credits to borrowers but it is hard to get a bank credit.
To get bank credit it is necessary to have a good official job and a good credit history and prepare a lot of documents.
SCAM ACCUSATION THREAD !!!
Peer-to-Peer lending platform on the new level on blockhain. Blockhain has a lot of opportunities and can be used in different spheres.
Blockchain gives a lot of opportunities. But the competition among cryptocurrency startups is very big and there are a lot of scams.
There are a lot microfinance organizations and lending platforms but they do not use blockchain technology.
The completion in this sphere is very big. Also banks give credits to borrowers but it is hard to get a bank credit.
Another scam using bumping service. Almost all posts in this thread are coming from newbies that are posting same bullshit again and again.
FinWhaleX will conduct IEO on 3 different exchanges. After the end of the token sale it will be listing on these exchanges.
Most likely this is just one more scam project,
that just wants to take your crypto fast and run off as fast as possible
that just wants to take your crypto fast and run off as fast as possible
There are a lot of P2P lending platforms. What are your advantages?
Which interventures is this? I googled interventures + your project and found no announcement about it.
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| 1234567891011121314151617181920212223242526272829303132333412345678910111213141 516171819202122232425262728293031323334 We implement tokens through verified exchanges The reliability of our project — sale of tokens through exchanges that have already earned credibility on the crypto market. They thoroughly check issuers who want to launch IEO and approve only a small part of applications. FinWhaleX tokens will be sold at the following sites: |
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12345678910111213141516171819202122232425262728293031323334 | 12345678910111213141516171819202122232425262728293031323334 Reliable, fact-based business P2P — this is peer-to-peer lending, in which the loan is provided by private investors at an agreed interest rate. Banks and MFIs are not involved in the chain, which greatly facilitates the achievement of results. Studies of relevant organizations speak in favor of further scaling this area: A report published by Allied Market Research in March 2017 indicates that the peer-to-peer lending market will reach 460 billion USD by 2022, increasing by an average of 51.5% per year. The Adroit Market Research study dated May 8, 2019 showed that the capacity of the global market for P2P lending in 2017 was estimated at 231 billion USD with a potential of threefold increase over the next 8 years (until 2025 .) This type of lending is gaining momentum, more and more P2P sites are emerging, the volume of transactions is growing. This suggests that investing in such a business is currently one of the most profitable and low-risk ones.  |
| 1234567891011121314151617181920212223242526272829303132333412345678910111213141 516171819202122232425262728293031323334 Planned indicators by 2021 |
| 1234567891011121314151617181920212223242526272829303132333412345678910111213141 516171819202122232425262728293031323334 Take into the interests of everyone The FinWhaleX P2P platform is equally beneficial for all process participants. BORROWER A great option for those who do not want to get involved with banks and MFIs . Loan processing through our platform is: |
123456789101112131415161718192021222324 The ability to get money with a bad credit history. Jump to:
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