INTRODUCTION
Many a times, loans can be in the form of other valuable assets and not necessarily money alone. Even cryptocoins can now be taken as loan and other things considered useful in the financiaI world as it is. But while the banks find it difficult to give out loans to many, they are limited in this operations, probably because of their structure and how complex their loaning operations have been. In a way, they are being able to satisfy an average individual needing assistance with their services so they are considered ineffective to so many who cant even access banking operations. However, there is a new way of coming about getting credit services leaving aside the banks, that is from a blockchain innovation called Finwhalex.
Finwhalex Description
This platform represents a balanced peer to peer platform where all users can secure loans and be of more help to themselves or the businesses they engage in. It offers all loaning services and is very secured when offering its services. Knowing that users are now opened to lot of digital assest and investments in them, it takes this as an opportunity to reach many of the users to add to their values digitally whether on a long or short term so that all their needs can be made available. A user with an existing assets can froze its value and take advantage of it as a collateral to get loan without any struggle in the process. This platform has constructed its network such that every users meet the loan requirements before they are given the loan by the ones who are going to be their creditors.
THE OPERATIONS OF FINWHALEX
Finwhalex will do well to offer loans at a free cost to users without interest for the first time but afterwards will charge interest which would be paid to the loaners in the system. The users will make security deposit for trust sake so the process can be well transparent and security reasons between the parties engaging in such transaction.
Finwhalex will later have other partners involved in this business together to widen its horizon. The partners will include MFIs, banks and pawnshops. They will all get involved and by that time, loaning will become bigger and more amplified such that big real life assets or materials can be used as collaterals to get the loan.
More so, there will be a loaning option that need no use of collaterals before users get what they want. All what they will be subjected to here is terms and conditions which they must yield to. All that will matter in this case is how the borrowers sets their risk profiles and their credit history also.
Liquidity Provider
The major problem which investors have been faced with is the lack of liquidity. There are fewer traders than the platforms and that had led to many incomplete transactions everywhere on the exchanges. In order not to push more investors or traders away, more liquidity is birth to this network and assets then become fairly distrubuted. All sort of incomplete order book and empty deal will be cancelled to reduce the volatility of the community and any inordinate shift in price of assets.
CONCLUSION
All investors will get the bigger opportunities to invest, trade and provide loans to support others in the platform. All the members of Finwhalex will see opportunities to make more money as they belong and participate in the platform seriously. All the features will be useful to them to enlarge their space in the digital world and make them better off than before.
USEFUL LINKS
Website: https://finwhalex.com/
Telegram: https://t.me/finwhalex
Twitter: https://twitter.com/FinWhaleX/
Facebook: https://www.facebook.com/FinWhaleX/
AUTHOR'S DETAILS
Bitcointalk Username: Ebubuemma
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2568952