Author

Topic: FinWhaleX: Peer-to-Peer Lending on the New level (Read 1249 times)

brand new
Activity: 0
Merit: 0
As I understand on FinWhaleX will be checked only information that is in open access and provided for free. This information will be enough to form credit rating.

It will be checked the information from the social networks and other information that borrower provided about him.

I think that the best checks are the real actions of the borrower. It is necessary to check how borrower returns the loan, does he pay in time.
brand new
Activity: 0
Merit: 0
Always reading and checking whitepapers and it is necessary to remember, that all information in whitepapers and roadmap is possitive, all predictions are possitive and very often they do not come true, the realization of all stages takes much more time that it is whitten in whitepapers.
full member
Activity: 1134
Merit: 102

There is a big problem when borrowers do not return the loans. But in P2P platform all risks will have not a problem but a creditor.

It is very good that on FinWhaleX is transparent information about how borrower returns loans. The rating of borrower depends how successful borrower return a loans.


Really it is a very good choice that they designed in a different and based on the rating given by the borrower will give us some positive. Of course, we are in the beginning, but how far the system helps us to find the borrower and what will be interest rates and how long will he hold the funds with him.
newbie
Activity: 39
Merit: 0

Of course, it is a very good idea to check about the team and their experience but at the same time, we should also check their experience towards what they mentioned in the roadmap because without experience it is impossible to sustain in the market.

Unfortunately very rarely roadmap are realized in all points. Usually cryptocurrency startups develops much more slow than it is shown in roadmap.
newbie
Activity: 29
Merit: 0
I think that the best conditions for the loans will be provided for the loans with collateral. That is why to have a good conditions borrower must have a collateral.
newbie
Activity: 28
Merit: 0
As I understand on FinWhaleX will be checked only information that is in open access and provided for free. This information will be enough to form credit rating.

It will be checked the information from the social networks and other information that borrower provided about him.
sr. member
Activity: 1540
Merit: 255

I think that it is very important to check the team and experience of the team and to see a MVP if Mvp is ready to get more information about the project.

Team is very important part of every project. That is why it is necessary to check the experience of the team and former projects of the team and how the former projects was successful.

Of course, it is a very good idea to check about the team and their experience but at the same time, we should also check their experience towards what they mentioned in the roadmap because without experience it is impossible to sustain in the market.
brand new
Activity: 0
Merit: 0
Borrowers who have the collateral for loans will have more advantages. It will be more simple to get a loan with collateral and the conditions of the loan will be better.

Loans with collateral much more secure than the loans without collateral. Borrowers who have a collateral have much more advantages.
newbie
Activity: 1
Merit: 0

There is a big problem when borrowers do not return the loans. But in P2P platform all risks will have not a problem but a creditor.

It is very good that on FinWhaleX is transparent information about how borrower returns loans. The rating of borrower depends how successful borrower return a loans.
newbie
Activity: 28
Merit: 0
Creditors on FinWhaleX platform will have the information about the rating of borrower and if the borrower have a collateral. If borrower return loans in time he has a good rating.
newbie
Activity: 63
Merit: 0
If borrowers would not return a credits for creditors on the P2P platform it will be a few creditors and the conditions of the credits would not be good.

On the P2P platform all the risks have only the creditors. P2P platform will get it commission in all the cases. But creditors must carefully check everything.
newbie
Activity: 35
Merit: 0

I think that it is very important to check the team and experience of the team and to see a MVP if Mvp is ready to get more information about the project.

Team is very important part of every project. That is why it is necessary to check the experience of the team and former projects of the team and how the former projects was successful.
newbie
Activity: 28
Merit: 0
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.

I think that it is very important to check the team and experience of the team and to see a MVP if Mvp is ready to get more information about the project.
newbie
Activity: 43
Merit: 0
If borrowers would not return a credits for creditors on the P2P platform it will be a few creditors and the conditions of the credits would not be good.
newbie
Activity: 33
Merit: 0
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.

There is a big problem when borrowers do not return the loans. But in P2P platform all risks will have not a problem but a creditor.
newbie
Activity: 36
Merit: 0
Borrowers who have the collateral for loans will have more advantages. It will be more simple to get a loan with collateral and the conditions of the loan will be better.
newbie
Activity: 31
Merit: 0
As I understand the more attention will be payed for loans with collateral and loans with collateral will have more advantages because they will be more secure.
newbie
Activity: 49
Merit: 0
Also will be checked all the information about borrow that is published in social network of the borrower and will be analize the social network of the borrower.
brand new
Activity: 0
Merit: 0
As I understand on FinWhaleX will be checked only information that is in open access and provided for free. This information will be enough to form credit rating.
newbie
Activity: 28
Merit: 0
There are a huge number of credit bureaus in different countries and usually credit bureaus provide information for money. Who will pay for information about the borrower's credit status?
newbie
Activity: 28
Merit: 0
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.
newbie
Activity: 31
Merit: 0
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.
member
Activity: 644
Merit: 10

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.
member
Activity: 770
Merit: 10
https://streamies.io/
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?
newbie
Activity: 23
Merit: 0
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.
brand new
Activity: 0
Merit: 0

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 .
I think that all together , the four partners will create a large investor community for this project. The liquidity  for a working business can be very high.
newbie
Activity: 28
Merit: 0
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.
brand new
Activity: 0
Merit: 0


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?
I personally watched the project on Twitter. The team has a wide list of social media channels. Twitter is constantly adding the latest news.
newbie
Activity: 28
Merit: 0
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.
newbie
Activity: 31
Merit: 0
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.
newbie
Activity: 36
Merit: 0
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.
newbie
Activity: 33
Merit: 0
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.
newbie
Activity: 29
Merit: 0

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.
legendary
Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01
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.
full member
Activity: 1134
Merit: 103

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.
newbie
Activity: 25
Merit: 0
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.
newbie
Activity: 12
Merit: 0
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.
newbie
Activity: 12
Merit: 0

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.
newbie
Activity: 36
Merit: 0
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.
newbie
Activity: 49
Merit: 0
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.
newbie
Activity: 37
Merit: 0

The competition among microfinance organizations is very big. FinWhaleX must have a 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.
newbie
Activity: 12
Merit: 0

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.

The rating system is a big advantage of FinWhaleX. Every borrower will have their own credit rating. Borrower must understand how their rating is formed.
newbie
Activity: 58
Merit: 0
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.

There is a big risk with loans without collateral. It is more difficult to get such loans and conditions of loans will be worse.
newbie
Activity: 56
Merit: 0
For example if cryptocurrency raise, people cannot sell cryptocurrency and may take a loan with the collateral in cryptocurrency.

I think that there are a lot of cases in the life when people do not want to sell cryptocurrency. In such case it is better to use cryptocurrency for collateral.
newbie
Activity: 14
Merit: 0
Sometimes people need loans for a short period of time but they do not want sell cryptocurrency. In such case collateral is necessary.
newbie
Activity: 22
Merit: 0
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.

I think that usually borrows do not have collateral. If people have money for collateral they do not need a loan.
legendary
Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01
THIS PROJECT IS A SPAM THREAD, WITH PENDING SCAM ACCUSATIONS. BE WARNED.
hero member
Activity: 1736
Merit: 857
How many credit projects have been and none worked, does not work and will not work.
To the same I have read that this scam: https://bitcointalksearch.org/topic/finwhalex-new-ponzi-scam-using-bump-or-bot-posting-service-5172358
newbie
Activity: 28
Merit: 0
Rating system on the lending platform must be clear, fair and transparent. Only in such cases people would trust the platform.
newbie
Activity: 33
Merit: 0
I ma still wondering how this will perfectly work out without running into any issues, because of high rate of crypto volatility. Again I did some Russian founded project bounty, and never get paid. Excuses are just too many. I have less faith in this project.

The idea of the lending platform is very good and useful for people. But the most important thing for crypto startups is not only the idea is the realization of idea.
newbie
Activity: 36
Merit: 0
As I understand the more attention will be payed for loans with collateral and loans with collateral will have more advantages because they will be more secure.

For P2P platform it will be very important that in will be a lot of users of the platform. If it will be a lot of creditors borrowers will have a choice for loans.

It is very important for every crypto startups to have a lot of users and a developed ecosystem around the project.
newbie
Activity: 31
Merit: 0
Also will be checked all the information about borrow that is published in social network of the borrower and will be analize the social network of the borrower.

It is necessary to carefully check everything because very often to get a lot borrowers use the fake data and fake social networks.

There are a lot of fake information everywhere - in social networks, in internet. That is why it is necessary to carefully check all the information about borrower.
newbie
Activity: 26
Merit: 0
If conditions of loans will be more suitable for borrowers they will take the loans very active. Creditor is interested that borrower would take a credit.
newbie
Activity: 28
Merit: 0
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.

On the FinWhaleX P2P lending platform it will be a lot of creditors, and creditors will set the conditions of loans.
newbie
Activity: 8
Merit: 0
I think that the best conditions for the loans will be provided for the loans with collateral. That is why to have a good conditions borrower must have a collateral.

It is very good that for the collateral cryptocurrency can be used. Borrowers will have more opportunities. But not all borrowers have a collateral.
newbie
Activity: 35
Merit: 0
The main aim of every Whitepapar is to help project to collect money during IEO and to make IEO successful. That is why in Whitepapers is a subjective information that shows the advantages of the project but not weak sides of the project.
newbie
Activity: 28
Merit: 0
Also will be checked all the information about borrow that is published in social network of the borrower and will be analize the social network of the borrower.

It is necessary to carefully check everything because very often to get a lot borrowers use the fake data and fake social networks.
newbie
Activity: 32
Merit: 0
As I understand the more attention will be payed for loans with collateral and loans with collateral will have more advantages because they will be more secure.

For P2P platform it will be very important that in will be a lot of users of the platform. If it will be a lot of creditors borrowers will have a choice for loans.
member
Activity: 845
Merit: 52
I am still wondering how this will perfectly work out without running into any issues, because of high rate of crypto volatility. Again I did some Russian founded project bounty, and never get paid. Excuses are just too many. I have less faith in this project.
member
Activity: 588
Merit: 10

I hope the FinWhale X team can explain this all, or at least respond to this statement and provide answers that can convince us.
newbie
Activity: 32
Merit: 0
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.
newbie
Activity: 27
Merit: 0
For example if cryptocurrency raise, people cannot sell cryptocurrency and may take a loan with the collateral in cryptocurrency.
newbie
Activity: 9
Merit: 0
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.
newbie
Activity: 55
Merit: 0
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.
newbie
Activity: 34
Merit: 0
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.
newbie
Activity: 11
Merit: 0
There are loans with collateral that creditors would be sure that borrowers will return the loans. Cryptocurrency can be used as collateral.
newbie
Activity: 28
Merit: 0
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.
newbie
Activity: 25
Merit: 0
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.
newbie
Activity: 13
Merit: 0
But the percent on bank credits is much less then the percent in microfinance organizations, that is why bank credits better.
newbie
Activity: 14
Merit: 0
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.
newbie
Activity: 28
Merit: 0
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.
newbie
Activity: 34
Merit: 0
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.
sr. member
Activity: 868
Merit: 278
Another scam using bumping service. Almost all posts in this thread are coming from newbies that are posting same bullshit again and again.
newbie
Activity: 21
Merit: 0
FinWhaleX will conduct IEO on 3 different exchanges. After the end of the token sale it will be listing on these exchanges.
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
Most likely this is just one more scam project,
that just wants to take your crypto fast and run off as fast as possible
newbie
Activity: 3
Merit: 0
There are a lot of P2P lending platforms. What are your advantages?
legendary
Activity: 2632
Merit: 1462
Yes, I'm an asshole
Which interventures is this? I googled interventures + your project and found no announcement about it.
copper member
Activity: 2
Merit: 0



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Our partners
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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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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.





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Planned indicators by 2021





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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:


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The ability to get money with a bad
credit history.
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