FintruX: Now you can invest in Blockchain securely. 11 750 781$ Raised


 Throw a  stone at a group of people and I’ll give you great odds that it will  hit a person who is regretting not investing in bitcoin or any other  cryptocurrency for that matter when they had a chance a few months ago.  

Cryptocurrencies might still be a good bet to invest on, but then it  will be difficult to replicate the kind of returns it gave in the past  12 months.Well, cryptocurrencies are still infants when compared to traditional methods of investing money.

One  of the earliest ways to invest money was to lend it to people, friends  or relatives and collect interest on the principle supplied. Then after  that, the stock market and real estate became the go-to markets for  investors.

However,  this seemingly ancient method of peer-to-peer lending has found its way  back to the modern world with the help of a team of people who go by  the name — FintruX. 

 Actually,  the concept of peer-to-peer lending was never extinct. Banks use the  same concept albeit on a larger scale. There are also a lot of other  platforms who offer peer-to-peer lending services, but neither solves  the problem of safeguarding lenders while handing out unsecured loans.

What is FintruX and what issues do they want to solve? 

 FintruX  was developed in 2017 to create an online ecosystem which will connect  borrowers, lenders and rated service agencies directly, in a true  peer-to-peer network sense. The platform will offer start-ups and new  businesses to quick and essential capital to run their operations.

These  new organisations generally find it difficult to get unsecured loans  from the banks and other traditional lending institutions. There are two  reasons for it: Firstly, since the companies are still in their initial  stages, their finances are shaky at best, which makes banks unwilling  to approve the loans. 

 Secondly,  even if the loans are approved, it takes a few months to complete the  whole process of applying for loans and getting it sanctioned. This  doesn’t benefit the companies who are in a rush to get some capital.

Problems with the incumbent P2P platforms 

 Yes, other  Peer-to-peer lending platforms are currently available in the market,  but even they come with their share of barriers. These platforms do  serve the borrowers in a better way with a faster and easier online  application process with flexible repayment terms.

Except, since the principle is supplied through a lot of different sources, the interest rates are generally on the higher side.Moreover,  these platforms only claim to be P2P, but on the contrary to these  claims, they involve a lot of intermediaries such as trust accounts and  other parties, which reduces their level of transparency. 

 Also, in  most of the platforms like this, the credit risk evaluation process is  inconsistent and leaves a lot of room for improvement, which means that  the lender has to assume all the risks.

How do they solve these issues?

The FintruX team wants to make unsecured loans highly secure by using blockchain technology. 

 They are the  pioneers of using blockchain in P2P platforms and are planning to  administer smart contracts to configure specialized contracts for each  borrower in real time depending on the agreed upon terms by both parties  in the transaction.

Using  smart contracts, eliminates the need for physical infrastructure,  automates the process and improves the overall lending experience and  reduces the cost too making it cheaper for all the stakeholders. 

 To  solve the issue of the inconsistent credit rating process, the platform  uses cascading levels of credit enhancements to improve credit  worthiness and to reduce the risks while sanctioning unsecured loans.  This technique guarantees the lender that the borrower will honor his  obligation by over-collateralization  as additional collateral, local third — party guarantor,  cross-collateralization as insurance, and FintruX ultimate protection  reserve

FintruX  will reserve 10% of every money lent transaction to create a buffer  level. So, if any of the borrowers defaults on his repayment, the lender  will be protected by this buffer level provided by the platform. 

 Due to the improved security, even borrowers can get favorable interest rates.

All  the transactions on the platform to the agencies, guarantors and  FintruX network, whereas the rewards and late charges will happen  through the FTX token.

About the ICO ( 

 The token pre-sale will begin on 7th January and is scheduled to run until 21st January.

Investors will be able to exchange 1 ETH for 1650 FTX tokens. The min. transaction amount is 1 ETH.The presale has a soft cap of 5000 ETH.

 During the pre-sale, investors will get 10% bonus on their investments.After  the pre-sale concludes the token sale will start on 7th February. 

The  exchange rate during this period will be 1 ETH for 1500 tokens. The hard  cap for the token sale is set at 75 million tokens. Investors will also  be awarded bonuses during this period in the range of 5% to 0.6%. 

 75% of the  total tokens issued are available during the crowd sale, whereas 10%  each is reserved for the founding team (with lock-in period) and the  FintruX reserve.

The  funds generated during the ICO will be used to develop the project  further and the remaining funds will be directed towards marketing and  run the operations.

Our Opinion 

 The core team at FintruX has over two decades of experience in the securitization sector and asset based management.

Their  platform does provide a lot of benefits to all the parties and  stakeholders over the incumbents as we stated earlier in the article.  

This can help the platform to get good adoption at the early stages  itself.Furthermore, they have uploaded wireframes for their platform and a github model for investors to infuse trust in the project. 

 All things  considered, I would suggest any investor looking to invest in the  blockchain technology to give this project a serious consideration.

FintruX Network makes it easy for small businesses to quickly secure affordable loans with no collateral, in any currency.The three main competitive advantages of FintruX are: 

 Credit Enhancements :  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. With  risk reduced, lenders have peace of mind and the interest rates for  borrowers is lowered. 

 No-Code Development :  A unique smart contract is automatically generated and deployed by  FintruX Network for each approved loan in real-time to provide  unambiguous, immutable, and censorship resistant records where no  arbitration is required. This is possible with our no-code development  technology.

Open Ecosystem :  In addition to simplifying the loan application process via instant  matching, FintruX Network also provides borrowers with post-funding  self-serve administration options and access to third party rated  agencies. 

 Tokenization :  With the exception of the collateralization pools and currency being  financed, inside the FintruX Network everything is tokenized.Agencies,  guarantors, and FintruX Network are all being paid in FTX Token.  Rewardand late charges toborrowers are paid in FTX Token as well.FintruX  will continuously sell collected tokens back to the participants to  finance the operation and provide liquidity.This creates a token economy  for the limited supply of FTX Token. 

 Fore More Details and ICO

Website :

Telegram :

WhitePaper :

BitcoinTalk Discussion :

BTC Profile Link :;u=1102634 

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