FintruX Network

Overview of FintruX Network

  • FintruX Network, based in Singapore, facilitates the lending and borrowing of finances to small businesses in a peer-to-peer marketplace powered by blockchain and no-code development.Rinaldi is a seasoned entrepreneur with a strong business acumen, and has led several organizations to success under his guidance prior to joining FintruX Network.
  • The FinTruX Network is one of the world’s first blockchain-based online marketplaces for unsecured lending that connects the dots in an environment augmented by specialized servicing agents who can configure and construct each borrower’s (smart) contract in real time.
  • FintruX Network is backed by Robocoder Corporation which was established in 1999 and builds mission-critical securitization software for financial institutions and accredited investors, managing several billions of dollars of assets.
  • FintruX Network seeks to neutralize the lender’s credit risk and, in the case of a default, provide cascading levels of insurances to cover the loss – increasing the overall credit rating and lowering interest rates simultaneously.
  • FintruX Network is currently onboarding SMEs that are based in Singapore to be a part of their beta pilot, enabling 50 forward thinking entrepreneurs to achieve their own digital credit of up to $50,000 in March 2019.
  • FintruX Network empowers small businesses, especially startups across the globe to access the financing they need within minutes from reputable institutional lenders and accredited investors at reasonable rates.
  • FintruX Network will be testing selective live loans on their alpha release starting Q2 2018 and welcomes additional lenders who wish to participate in the alpha and beta tests of the platform.
  • FintruX Network price Index provides the latest FTX price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
  • FintruX Network is comprised by a dynamic team of skilled professionals in strategy, commercial lending, operations, marketing, sales, and technology.
  • FintruX Network (FTX) is the #1510 largest cryptocurrency by market cap as of May 05, 2021, with a market cap of $2,327,220 USD.

    • Blockchain

     FintruX Network, the global provider of financial and business solutions for underserved start-ups and SMEs, recently announced the closed beta launch of the next big innovation in lending with TruX – the reputation-based business financing platform powered by the blockchain.

    Network

    “We are humbled to see that thousands of people from 100 different countries share our vision to serve the underserved and have helped us raise a total of about $25 million that will enable us to make our global P2P lending ecosystem a reality,” said founder and CEO of FintruX Network, Nelson Lin.By applying credit enhancements, FintruX Network will virtually neutralize the lender’s credit risk and, in the case of a default, provide cascading levels of insurance to cover any possible loss.FintruX Network makes it easy for small businesses to quickly secure affordable loans with no collateral, in any currency.What makes FintruX unique is its open ecosystems and credit enhancements with no coding required.With risk reduced, lenders have peace of mind and the interest rates for borrowers is lowered.

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    How Many FintruX Network Coins Are There?

    There are currently 95,000,000 FintruX Network coins circulating out of a max supply of 100,000,000.

    How Much Did FintruX Network Raise?

    The FintruX Network ICO (initial coin offering) raised $24,714,054 USD by selling 82380180 FintruX Network tokens at a price of $0.3 USD.The FintruX Network ICO began on February 07, 2018 and ended on February 28, 2018.Key team members during the FintruX Network ICO included Elie Galam, Hussein Hallak, and Abhijith Naraparaju.

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    One of the biggest challenges in the crypto space is to find the right projects at the right time.There are hundreds of projects launched…

    Is fintrux still a thing?

    My bags are heavy boys.

    Tokenomics: What is the FTX Token?

    The FTX Token is used to power the FintruX Network and works as a way to reward or get rewarded for cooperation in the marketplace.It is an Erc-20 Token.Borrowers and loan specialists pay a transactional charge in FTX to use the FintruX platform.

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    What are the current market problems?

    1 – The existence and involvement of a number of intermediaries who charge higher lending costs.

    What Is FintruX Network's Price Today?

    FintruX Network (FTX) is trading at $0.0245 USD, decreasing by -10.93% since yesterday.FintruX Network has traded $24,353 USD in the last 24 hours.

    What is FintruX Network?

    FintruX Network is one of the world’s first blockchain based online marketplace and automated administration platform connecting borrowers, lenders, and specialized servicing agents, enabling them to configure and construct each borrower contract real-time.

    What is FintruX?

    FintruX is a blockchain-enabled platform providing a peer-to-peer (P2P) network for marketplace lending.The project is of benefit to both lenders and borrowers.Using this lending and borrowing platform, the lenders, borrowers, and serving agents can connect with each other and create each borrower contract in real-time.This innovative concept looks unreal in view of today’s lending marketplaces.

    What is the media saying about FintruX?

    Newwire.

    What Problem does Fintrux solve?

    Most P2P lending platforms still lack transparency and aren’t truly P2P as they use an intermediary to handle the transactions.Utilizing blockchain and smart contracts on the Ethereum network will allow FintruX to create a true P2P lending platform that will offer advantages to both the lender and the borrower.This provides a level of efficiency that is not achievable with today’s lending marketplaces.However, better efficiency is only one of many benefits the FintruX platform has to offer.

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    Investment is a very lucrative method for generating future income.However, it requires individuals…

    History of FintruX Network

  • In 2017/18, we pioneered the 4 levels of credit enhancements for risk-reduction, drawing from our expertise in the securitization industry where our solutions are trusted to manage several billion dollars of assets, therein capturing over 90% market share in Canada today.
  • In 2018/19, we pioneered the TRUST (Transparency, Reputation, Understanding, Security, Time) profile within a global business network where startups and SMEs can leverage on blockchain technology to grow globally with trust.
  • In 2019/20, we are pioneering the financial technology of integrating debt financing and equity financing on a single platform, with a focus on invoice (debt) financing and venture (debt/equity) financing.