Re: [ANN][ICO] FintruX - 💲 MAKING UNSECURE LOANS HIGHLY SECURE ✅ 💲
Some members of you team from Canada. Where is you company registered officially and where located?
Our company is officially registered in Singapore, under the name Fintrux pte ltd.
Do you plan that your token will be in exchanges when ICO ends?
Due to regulatory compliance, all we can say is that you can get tokens on secondary markets by your own diligence. (:
I'm wondering, what is the price of FTX? Is there some special compensation or bonus?
FTX will be sold in the presale at 1 ETH : 1100 FTX (10% bonus). Our token sale will follow a bonus model that diminishes from 5% - 0% (1 ETH : 1000 FTX). This means that at the current market price of Ethereum, our bounty program is valued at 1.5M USD! Please see the image below for a detailed breakdown for the token sale.
What will funds from the Pre-ICO be used for?
Funds from the PRE-ICO will be used to develop the prototype to have it fully functional as a POC for the token sale in Feb. To maintain excitement about our project, we are having an additional presale between in January - this may include residents/citizens of countries previously excluded in our presale. Details to come.
If I understand correctly, bonuses are dependent of the amount in Ethereum sold?
Yes, exactly. That means that we are rewarding supporters that join in our crowdsale at the beginning, to benefit from the highest bonuses.
We will have information in our telegram group at www.t.me/fintrux to shed light on what can be done with the tokens. The market token value is entirely dictated by third party forces however, we cannot predict where the market will take our token (to the moon!).
This seems a interesting project, what is your experience in this sector? I can see reading the whitepaper that the team is enough qualified to make the project successful
Our experience has been serving the securitization sector for the last 20 years in Canada - this is when we identified a need in the industry for FintruX - and our funders agree too. This fills a very specific niche that the global financing market is missing.
What personal information do I need to provide and what are the requirements I should meet to get a loan?
Hi there! From the way I understand the concept this will depend on a few factors... eg. the terms of the lender, the amount and terms of the loan package, the legal requirements of your locale, and your credit rating at the time of applying for a loan.
As far as personal information, remember that KYC (Know Your Customer), Credit Checks, as well as Identity Verification will all be part of the process. So you will be required to provide personal information similar to what you would for any other loan application.
The difference with the FintruX ecosystem is that you will have lenders competing to instantly match your loan request with an offer, and because of the low fees on the platform, you will get a very low interest rate on your loan compared with traditional financing providers.
Is there a minimum or maximum for the loan?
In our current model, there would a min of ~$3000 US, and max of $300,000 US, spanning over 3-24 months. This is strategically aimed towards SMEs and startups that require cashflow in their first few months/years of business.
Our starting countries will be Canada and Singapore. Our end goal is exactly what you describe, that any borrower can take advantage of our global platform to borrow from lenders anywhere in the world.