Does this mean I cannot send less than 0.1 ETH as investment?
That is correct!
Hi Guys,
What makes it different from other competitions in the market today? Elixir for one has a good roadmap and user interface in the future
Also, after further reading into their offering, we identified a problem with their structure.
If ELIX token appreciates in value, borrowers can never pay it back. Please see the direct quote taken from their website:
After you borrow your ELIX, you can sell them on exchanges for USD, withdraw that USD, and use the money for whatever you need. When you have the money to pay your friend back, you can buy ELIX and square up.
This will drive away borrowers UNLESS they are committing to never letting their token appreciate.
Does your token solve this problem?
Our token would not have this problem at all. There is nothing to "square up", as the borrowers repay their loan in the same currency (fiat or not) that they originally borrowed in.
With exception of the currency being financed, inside the FintruX Network, everything is tokenized. Lenders convert the over-collateralization portion of their funding into FTX Token to be stored in the over/cross collateralization pool.
Agencies, guarantors, and FintruX Network are all being paid in FTX Token. Rewards and late charges to borrowers are paid in FTX Token as well.
This creates a token economy for the limited supply of FTX Token.