FinWhaleX_ is an encrypted P2P loan platform to access your loans anytime and anywhere

Recently, much influence and development has acquired a P2P loan platform. This is especially seen among the younger generation. For example, investors aged 18 to 34 are several times more likely to invest in peer-to-peer cryptocurrency assets than people around 55 years old. What statistics do many organizations do with them? For example, the British organization ThinCats. According to a survey conducted in August last year among 2,000 adults, 4% of 18-34 years invested money in the P2P sector and only 1% were aged over 50 years. One reason for this inequality is that young people seek high returns with high levels of risk. The younger generation is also ready to invest in new information. They are ready to invest in new asset classes.

Traditionally, individuals and small businesses who want to get loans must apply for loans through banks. But with P2P loans, borrowers take loans from individual investors who are willing to return their money at an agreed interest rate. Those who want to avoid charging high interest rates or who may be refused a loan application because of a bad credit history can choose this alternative way of borrowing funds. Borrower profiles are usually displayed on a peer-to-peer online platform that investors can evaluate to decide if they are willing to take risks and lend you money.

FinWhaleX is a crypto-fiat P2P loan platform that provides access to credit anywhere and anytime. The FinWhaleX platform allows you to accept or offer shipping and is a mediator and not a bank.

How does FinWhaleX work?

You place a loan application
When making your loan application, the Borrower sets parameters according to his choice (amount, interest, period, etc.). We recommend evaluating other application parameters that have been placed on FinWhaleX lenders choosing the most profitable application for themselves. You can choose when to secure a loan application with collateral. There are two ways available. On the one hand, you can place a guaranteed loan application that is more attractive to creditors. On the other hand, you can transfer the amount of collateral required after the creditor receives your application. When applying for a loan, you must pay a transaction fee of 0.5% of the loan amount depending on the loan period.

Lenders accept your loan application
All creditors guarantee to fulfill their obligations for applications received. After the lender accepts the application, FinWhaleX will generate a special multisig address where your collateral (bitcoin) will be stored until the end of the loan period. Each party only has one private key for multisig addresses. Multisignature (multisig) refers to requiring more than one Private key to authorize Bitcoin transactions. This guarantees that no one can access a guarantee that has only one Private key.

You return the money within the loan period
After repaying the loan, you automatically return the deposit to yourself. No one can use your bitcoin until the loan is paid off and frozen in a special wallet. You cannot return a loan, if it is not profitable for you. If the bitcoin rate hasn't gone up or down, then you can refuse to pay back the loan. In this case, the guarantee only falls to the lender, and your loan obligations are paid off.

All operations on the FinWhaleX platform are transparent, reliable and safe. All creditors are responsible and guarantee fulfillment of their obligations according to the application received. After the application is received, a special multi-signature address is created (multisignature). This address will save your guarantee in the form of Bitcoin until the end of the credit period. At the same time, each party only has one private key for this address with multiple signatures. To authorize Bitcoin transactions, more than one private key is required. Therefore, no one party can unilaterally be able to use promises. So you can be sure that no one has access to your Bitcoin before the loan is repaid. They will be frozen in a special wallet. When the loan is repaid, the security deposit is returned automatically. In addition, it is possible to not return the security of the loan if it is not profitable for you. For example, if the rate of Bitcoin or other factors changes. That is, you can refuse to pay the loan and all guarantees are only transferred to the lender. All loan obligations are paid.

FinWhaleX tokens will be sold on the following site:

Platform token
FWX Token - token utility implemented
ERC-20 standard on the Ethereum blockchain.
Signage owners have access to the platform, improve credit scores, the ability to take loans and lend to other users.
All transactions on the platform will only be done via FWX tokens.
For example, issuing loans that are guaranteed by FWX tokens.
FWX tokens will allow holders to use the FinWhaleX platform to take loans and lend to others.

Security Token
After IEO, tokens will be available on major crypto exchanges. The platform's main functions will only be available for FWX tokens. Loan processing transactions will be carried out through the user's wallet on the FWX platform at FWX, thereby ensuring glass charging for purchases on third-party exchanges. Further partnerships with exchanges / platforms Digital goods will also be produced through FWX tokens.

FWX is traded freely.
Currency risks arise in a short time - in the transaction processing.
Guarantees are valued in dollars, the loan amount is calculated in dollars.
Commissions on the platform are formed in FWX tokens which can be saved or changed to Crypt / Fiat.
In an Exchange scheme, it can be one exchange for all or different exchanges ... where FWX is traded. to ensure liquidity, Market Maker / Taker is needed.
In addition to the platform commission, the lender / borrower will still have a fee - FWX conversion - there / back.
The payment process is reversed, the borrower buys FWX and pays the loan, the platform gets a commission, the rest reaches the lender.

Token Information

Token Name: FinWhaleX
Symbol: FWX
Type: ERC20
Platform: Ethereum

Token distribution

Price: 0.015 USD
Total Problems: 1,090,000,000 FWX
Investor: 534.1 million FWX (8 million) 49% 200 million FWX - private (3 million)
334.1 million FWX - for public (5 million)
Team: 163.5 million FWX 15%
Lawyer, lawyer, PR: 109,000,000 FWX 10% (3% - consultant / 2% - lawyer / 5% - PR)
Reserves: 283.4 million FWX 26%

Team tokens will be frozen in smart contracts for 27 months with the possibility of gradual withdrawal, 6,801,600 (4.16%) per month starting from 3 months after registering.

Advisory / Ligal / PR tokens will also be frozen in smart contracts for 12 months with the possibility of gradual withdrawal, 10 090 000 10% per month starting from 2 months after listing.

We have 26% reserves to act as a buffer against unexpected expenses or future growth.

Road Map