Background
Loans in most times are not just money or cash alone but it comes in the form of various assets that are also valuable. Crypto-currencies are also loanable and considered very useful in our financial sector and the globe at large. Unfortunately, the banks do not operate in this area currently and therefore many people can not access loan either is the bank able to give loan to as many that want it due to the banks' complexity of loaning structure and operations.
The banks are really working hard to bring satisfaction to the average widespread of customers in need of service assistance but they still seem as ineffective to so many people who are not able to have access to certain services from the bank especially on loan and interest rates.
Nevertheless, there is always a way out and solution to every challenge. Block-chain innovation called FINWHALEX is now available to provide credit services to everyone irrespective of the bank existence.
Description
It is a platform that represents a balanced peer-to-peer environment that allows all users to have access loans to assist and engage themselves in various profit-making business or project ventures. It provides very secured loaning services to all users without any hitch.
Since many users are now aware and operate a lot with digital assets, Whalex uses this avenue to out to numerous users contribute to their values digitally be it on short term basis or long term basis so as to meet their needs instantly.
However, any user having existing assets is free to freeze its value and make use of the advantage of it as a collateral to secure loan smoothly and easily without cumbersome or rigorous process. Finwhalex has just structured its network in such a way that users meet the loan requirements before getting the loan just by the ones who are being their creditors.
How Does Finwhalex Carry Out Its Operations?
It offers Users loans at a free cost with zero-interest for the first time, then afterward will charge interest which would be paid to the loaners in the system. Users will, first of all, make a security deposit to establish trust and confidence in order to ensure that the process is very transparent for security reasons between the transacting parties.
Other partners(MFIs, Banks, etc) will also be involved in this business together to spread its horizon. As soon as they are involved in the transaction then, loaning will become more pronounced and more recognized in such a way that big real-life assets can be used as collaterals to secure a loan.
Furthermore, a loaning option will be available such that there will be no need for collaterals before users secure what they need. The only thing that users will be subject to terms and conditions which they must adhere to. Borrowers will be also taught on how to set their risk profiles and their credit history as well.
Whalex As A Liquidity Provider
One of the major challenges investors face is the lack of liquidity. The fact remains that, there are fewer traders than the numerous block-chain platforms littered everywhere and has resulted in countless incomplete transactions everywhere in the exchanges.
For this reason, in order not to keep pushing more investors or traders away from the exchange, more liquidity is available to this network and assets become evenly distributed. All manner of incomplete order bookings and empty transactions will be nullified or voided to reduce the volatility of the crypto community and other inordinate shift in assets and prices.
Information On Token
The token name is "FinWhaleX" and represented by a symbol known as "FWX" which has a type, "ERC20" only found on the Ethereum platform. It is distributed in this form;
• 56% for sales
• 17% for teams and advisors
• 15% reserve
• 12% of Marketing and PR
Summary
This platform provides all investors will get greater opportunities to invest their funds, trade and offer loans to assist others in the platform.
Members of Finwhalex will take advantage of opportunities to make more money as they belong and participate diligently in the platform. There are many features that will be useful to this project and members to enlarge their horizon in the digital world and make more improved than before.
Please visit the website below to learn more about this project.
Website: https://finwhalex.com/
Whitepaper: https://finwhalex.com/assets/WP_3.0.pdf
Telegram: https://t.me/finwhalex
Twitter: https://twitter.com/FinWhaleX/
Facebook: https://www.facebook.com/FinWhaleX
Linkedin: https://linkedin.com/finwhalex
Instagram: https://instagram.com/finwhalex
Medium: https://medium.com/finwhalex-platform
Bitcointalk Username: TheICE007
Profile link: https://bitcointalk.org/index.php?action=profile;u=264068