If you look at the current market structure, then there are lots of trading platforms for stock trading. These days, you can even find hundreds of platform or exchanges where you can trade cryptocurrencies. Cryptocurrencies is a very new concept and still there are lots of platforms available for crypto trading.
But what about Insurance Policy trading? Contrary to popular beliefs, insurance policies are tradable instruments. They are highly liquid instruments with fixed tenures and low charges. But many people believe that insurance policies are only for long term significance and they can only benefit at the time of maturity. But this is not true at all.
Insurance Trading is actually highly profitable and easy as compared to cryptocurrencies, which are highly volatile and risky at the same time. But unfortunately, there are not many platforms available which can allow their users to trade insurance policies. Bur after the advent of Blockchain technology, there are many platforms which came into existence for the first time and have been a great help in day to day living of common people.
To fulfill the absence of Insurance Policy trading marketplace, the Fidentiax have introduced a full-fledged platform which allow it's users to trade their insurance policies, irrespective of their types, by leveraging blockchain technology. Let's have a look at this project:
FidentiaX Brief Overview
As I have mentioned above, the FidentiaX is an online market place, based of Blockchain Technology, which allows it's users to trade insurance policies with ease, high security, transparency and low cost. We all are familiar with Insurance policies, in fact we all have insurance policies in our name to control future uncertainties to some extent. But as people grow old, they might not feel any need of their insurance policy anymore and in this case, generally they don't have many options to begin with for selling of their policies. But now, with the help of FidentiaX, anyone can buy or sell Insurance polices instantly by leveraging the Blockchain technology. FidentiaX Solves the following problems with ease and at lowest cost:
- The absence of Marketplace for trading of Insurance Policies.
- Diminishing the role of intermediary while trading the Insurance Policies.
- Lengthy Policy Transfer Process along with high cost.
- The lack of transparency in traditional Marketplace.
Work Model Of FidentiaX
FidentiaX is a versatile platform which follows 4 step procedure to compete each transfer of policies from sellers to the buyers in order to provide highest reliability as well as security.That 4 step procedure are as follows:Policy
ListingThe first step is the listing of Policies by Sellers over FidentiaX platform. People who wants to trade their policies have to submit their policy's details along with Insurer name and the amount fixed for policy. By doing this they will have access to the buyer base of FidentiaX. After listing by sellers, all the policies will be visible to buyers and they can choose the policy fulfilling their needs by browsing through the compete list of sellers.
Proposal Offering
Now after browsing through the list, buyers will select the appropriate policy and then he'll send his documentation to the seller along with deposit of the funds as per the price of policy. After the offering, an immediate e-mail will be sent to the seller and all the documentation will be received by him for transferring of policy over to the new buyer.
Submission
After receiving the documentations and confirming funds into the escrow account, the seller will go to the insurance company for the transfer of policy to the new buyer. After the transfer he'll receive the new documentation in the name of new buyer.
Completion Of Transaction
Now, the seller will go over to the FidentiaX account and he'll submit the new documentation to the FidentiaX blockchain where it'll be verified. After confirming verification, the Blockchain will transmit the documentation to the new buyer and those funds in escrow account to the seller.In this way transaction will be completed without the need of intermediary or third party and thus cost effectiveness will be reached.
FidentiaX Tokens
FidentiaX has sets of tokens for each particular task. There are thee types of tokens within the platform which allows users to conduct every transaction with ease and reliability.Let's have a look at those tokens:
FDX Token -- CTC Token
FidentiaX is a membership based platform which allows users to trade Insurance policies. But only members are allowed the trading on this platform. To become a member, one has to pay membership fees. This membership fees will be paid in FDX Tokens only. One can grab these tokens via bounty, pre-ICO sale, and main ICO crowd sale. After receiving the payment in FDX tokens, they will be burned by the company so that total supply keeps diminishing and each tokens gains more value.
E$€ -- Fiat Counterparty Token
These tokes will be used for the exchange of ISX tokens into the fiat currency.
ISX Tokens --Platform Unified Token
All the transactions on FidentiaX platform will be conducted in ISX tokens for the better management of forex risk. Each token is valued at $1. These are the most valuable coins over the FidentiaX platform.
FidentiaX Pre-ICO Crowd Sale
FidentaX pre-ICO crowdsale is running for now. This sale is providing the highest discount on FDX tokens. The maximum rate of discount is upto 35%. After this sale, the main ICO public crowd sale will begin on 6th November 2017. That ICO will run for 30 days and the maximum supply of tokens would be fixed at 100 Million.
Soft Capital requirement is $1 Million.
There are very lucrative discount rates for different phases of ICO Crowdsale which are as follows:
CTC (Day 1~2) 1 ETH = 575 fdX (15% bonus)
CTC (Day3~5) 1 ETH = 550 fdX (10% bonus)
CTC (Day6-30) 1 ETH = 500 fdx
So, go and join the biggest ICO crowd sale and grab the chance of becoming an early bird in this potentially great platform.
Thank you.
Website: https://www.fidentiax.com/
Telegram Link: https://t.me/fidentiaX
Facebook Link: https://www.facebook.com/fidentiaX
Twitter Link: https://www.twitter.com/fidentiaX
Youtube Channel: https://www.youtube.com/channel/UCWbqz0pTA-UJB0EQK_rn-Pg
Linkedin: https://www.linkedin.com/company/13432590/
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