FinWhaleX

INTRODUCTION,

FinWhaleX is a P2P loan platform that provides access to loans anywhere and anytime. Let's see how it works. To apply for a loan, the borrower must first set the parameters for the loan. These include the amount, interest rate, loan period, etc. Sometimes the company recommends evaluating the parameters of other applications in order to simplify the process navigation and select the most advantageous offers. In addition, there are options for choosing an application for a loan on bail. To do this, we can offer two ways. First, you can place an application for a loan secured. This method is more attractive. Secondly, you can transfer the required amount of collateral after the lender accepts the application. The fee for applying for a loan is 0.5% of the amount depending on the loan term.

How does FinWhaleX work

You place a loan application
When creating a loan application, the Borrower sets the parameters in accordance with his choice (amount, interest, period, etc.). We recommend to evaluate the parameters of other applications that were posted on FinWhaleX - lenders choose the most profitable application for themselves. You can choose when to secure applications for a secured loan. There are two ways. On the one hand, you can place applications for guaranteed loans that are more attractive to lenders. On the other hand, you can transfer the required amount of collateral after the lender receives your application. When you make an application for a loan, you must pay a transaction fee of 0.5% of the loan amount, depending on the loan period.
Credit providers receive your loan application.
All creditors guarantee the fulfillment of their obligations on received applications. After the lender receives the application, FinWhaleX will generate a multi-valued address, in particular, where your collateral (bitcoin) will be stored until the end of the loan term. Each side has only one private key for a multi-signal address. The multisigature refers to the requirement of more than one private key for authorizing Bitcoin transactions. This ensures that no one can access a guarantee that has only one private key.
You return the money during the loan period
Having repaid the loan, you automatically return the pledge to yourself. No one can use your bitcoins until the loan is repaid - they are frozen in a special wallet. You can not return the loan if it is not profitable for you. If the level of bitcoins has not risen or decreased, you can refuse to repay the loan In this case, the guarantee falls only on the lender, and your credit obligations are repaid.

Information token

Token Name: FinWhaleX

Symbol: FWX

Type: ERC20

Platform: Ethereum

Token distribution:

-56% for sales

-17% for teams and consultants

-15% reserve

-12% Marketing and PR

Road map