FinWhaleX: Peer-to-Peer Lending on the New level
Hello everyone, If you are interested in joining the FinWhaleX project, it is a good idea to read reviews that can help you get information that might help you in seeing their vision and mission, as follows:
About
FinWhaleX is a P2P credit lending platform that provides access to loans anywhere and anytime. Let’s take a look at how this works. In order to apply for a loan, the borrower must first set the parameters for the loan. These include the amount, interest rate, loan term, etc. Sometimes the company recommends evaluating the parameters of other applications in order to more easily navigate the process and select the most advantageous offers. In addition, there are options for choosing an application for a loan on bail. Two ways can be offered for this. First, you can place an application for secured lending. This method is more attractive. Second, you can transfer the required amount of collateral after the lender accepts the application. The commission for filing a loan application is 0.5% of the amount depending on the loan term.
How it works?
You Place a Loan Application
When creating your loan application, the Borrower set the parameters at its choice (amount, interest rate, period, etc.). We recommend evaluating the parameters of other applications already placed on FinWhaleX — lenders choose the most profitable applications for themselves. You can choose when to secure a loan application with collateral. There are two available ways. On the one hand, you can place the collateralized loan application which is more attractive for creditors. On the other hand, you can transfer the necessary amount of the collateral after the lender accepts your application. When placing the loan application, you need to pay a transaction fee in amount of 0.5% of the loan amount depending on the loan period.
Lender Accepts Your Loan Application
All creditors guarantee to fulfill their obligations for the accepted applications. After the lender accepts the application, FinWhaleX will generate a special multisig-address where your collateral (bitcoins) will be stored until the end of the loan period. Each party owns only one Private key for the multisig-address. Multisignature (multisig) refers to requiring more than one Private key to authorize a Bitcoin transaction. It guarantees that no one is able to access the collateral owning just one Private key.
You Return The Money Within The Term of The Loan
After repayment of the loan, you automatically return the deposit to yourself. No one can use your bitcoins until the loan is repaid — they are frozen in a special wallet. You can not return the loan, if it is not profitable for you. If the rate of bitcoin has not risen or fell, then you can refuse to repay the loan. In this case, the collateral simply goes to the lender, and your loan obligations are repaid.
Token Info
Token name: FinWhaleX
Symbol: FWX
Type: ERC20
Platform: Ethereum
Token Distribution
56% for sales
17% for teams and advisors
15% reserve
12% Marketing and PR
Roadmap
Conclusion
FinWhaleX is a trading platform with many features that allow users to make smart trading decisions, reduce their costs and maximize their profits from each transaction.The success of each project depends largely on the team. The project team consists of many experts and various Blockchain professionals who have had years of experience in the world of cryptocurrency. They will be able to bring the trading platform to a new level and offer a very reliable and high-speed trading platform for traders.
Here are the reviews I present to you all in finding information and knowing the FinWhaleX project currently being run by their team, if there is any lack of explaining this article, do not worry, I have set up a link for you to get accurate information. information and of course you will be able to speak directly with their founder or team, at the link.
For more information and join FinWhaleX social media today please follow these resources:
Website: https://finwhalex.com/
Telegram: https://t.me/finwhalex
Facebook: https://www.facebook.com/FinWhaleX/
Twitter: https://twitter.com/FinWhaleX/
Username : aqila putri
https://bitcointalk.org/index.php?action=profile;u=2027828
Address : 0xf1Aee635fb241e9668bE8d32Dd1AffA39Fc4a744
telegram : @Aqila69
