WHAT IS FINWHALEX?
This platform is made to making credits available to people who need funds by making the platform a network where those who can lend can meet with the borrowers. There is access to credits for anyone who is a member of the platform at any point in time with the blockchain technology supporting the process. Smart contracts are involved in the operations to birth a great level of transparency into the ecosystem and to avoid any form of manipulations between the different parties involved in the lending operation.
Project’s Goal
finwhalex will be a performed p2p cryptography loan platform provides provided access to loans anywhere and at any time, for all interested parties without barriers and difficulties, without the need for a third or bank system, so finwhalex intends to purchase the system p2p credit loans, all will have access to a high-quality platform so when any interested in this practice make a loan order, when creating your loan order, the mutuary defines the parameters to your choice as value, interest rate , period, the team remember that everyone should have caution and recommends all can evaluate all the parameters of other applications already placed in finwhalex, so all the creditors choose the most profitable applications for himself, attractive and accurate everyone can choose when guarantee a guarantee loan order, on the finwhalex platform, exist two way available, as everyone may place
the guaranteed loan order, which is more attractive to the creditors, or everyone can transfer the necessary amount of the guarantee after the creditor accepts your registration, by making the loan order, you need to pay a charge of transaction in the value of 0.5% of the loan amount, depending on the period of the loan, everyone can easily see more information through the mobile app or user control panel for more information visit the website and read the white paper for more technical details
How does FinWhaleX work
You place a loan application
When creating a loan application, the Borrower sets the parameters following 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 multi-signature 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.
Token Info :
Token name: FinWhaleX
Symbol: FWX
Type: ERC20
Platform: Ethereum
Token Distribution:
-56% for sales
-17% for teams and advisors
-15% reserve
-12% Marketing and PR
More info:
Website: https://finwhalex.com
Telegram chat: https://t.me/finwhalex
Facebook: https://www.facebook.com/FinWhaleX/
Twitter: https://twitter.com/FinWhaleX/
Author : Amendy1
Address : 0x71501D24CA4543D128F9446e2b8980646EA4d453
Profill Link : https://bitcointalk.org/index.php?action=profile;u=2426201