has existed since primordial times, thus as old as man. Researchers have maintained head-on that the traditional lending system is very complex with rigorous processes coupled with different intermediaries which lead to high cost in transactions. The process of lending on the Blockchain is rather very new in the system and people are not too conversant with the technology. The key issue with traditional invoice financing system experts has averred is that the investor purchasing an invoice from the seller, and progressing the funds against it, does not have a direct connection with the buyer. As a result, the financier exclusively trusts the information provided by the seller. The rapport between the seller and the buyer is not totally crystal clear to the financier and therefore exposes the financier to a substantial risk of the invoice not being paid as agreed, or being disputed. To tackle the problems related to the afore-stated and deal equitably with fraudsters, https://www.invoxfinance.io/was created as a completely decentralized ecosystem built on the dogma and existing protocols of the Blockchain.
https://www.invoxfinance.io/ is been engineered by technocrats in a new era of invoice financing by building a decentralized peer -to-peer platform where sellers, buyers and investors are connected without restrictions or the usual friction experienced in most of these traditional systems, in the same vein. Some of the features that make the ecosystem quite unique includes but not limited to the fact that the platform creates permanent mechanism that surpasses the conventional barriers experienced in orthodox systems through trust and transparency between all parties which is facilitated through permissioned access, verifications and an in-built reward system and lower rates for sellers which implies that sellers will be able to obtain financing at lower interest rates than normally received from a traditional financer. Furthermore, as matter of technical professionalism, a set of dynamic invoice smart contracts will be installed to the Ethereum main net to allow it synchronize with existing protocols on the Blockchain. This will in addition simplify the creation of an entirely self-motivated invoices and registration of these invoices on a distributed ledger which will be made available to all and sundry to avoid the usual issues associated with similar platforms, all things been equal. Dynamic invoices will also store supplementary information such as invoice verification status, advances made against the invoices and payments received. They will also make sure that the information stored on the ledger is apparent, dependable and protected by both parties. To get technical background of how the bionetwork operates, download ‘White Paper’ at https://www.invoxfinance.io/docs/Invox-Whitepaper.pdf and take some time out to find for yourself how the ecosystem connects to your everyday dreams.
As a platform established, managed and enhanced through the instrumentality of the Blockchain, the bionetwork will employ a token to enable investors and other participants take part in the idea of the platform. This token will act as a ruler to measure the participation of different investors in the platform and will further ensure right of entrée of other users. The INVOX TOKEN will be employed for this purpose. The token is a complete and compatible ERC20 usable token through which smart contract is channeled through. To expand holistically and meet up stipulated objectives, ICO is out on offering to early adopters to take advantage of. The token sales will take place in two ways; Presale and main ICO, respectively. During the Presale which is scheduled to hold from the 15th of March, 2018 to 24th of March, 2018, the price of the token will be 0.0001 ETH per INVOX token with 30% bonus on every token gotten. More and more people are clicking to find out more about this concept, hence to get details visit https://www.invoxfinance.io/.
You can join, share and find out about offers through the platform’s social media community by simply logging on to;
https://t.me/InvoxFinanceCommunity
https://www.reddit.com/r/InvoxFinance/
https://medium.com/@invox_finance
https://twitter.com/InvoxFinance
https://www.facebook.com/Invox-Finance-162381191061327/
https://www.youtube.com/channel/UCiN42NKpGFWcbmXx5qvbdcw/videos