FintruX Network Doubles Soft Cap and Raises $12M in Pre-Sale
FintruX Network, the global p2p lending ecosystem, is proud to announce that we have successfully raised ~$12,000,000 USD during our pre-sale. With over 1,000 contributions from 80 different countries, we are humbled to see that so many people share our vision to serve the underserved.
It has been busy at the FintruX HQ — while successfully completing our pre-sale, the team has been actively developing our prototype, auditing the security of our website, presenting at blockchain events in London and Seoul and securing partnerships with top blockchain firms.
Our efforts to obtain global exposure proved very successful since South Korea, the Netherlands, Philippines, UK and India were our top contributors for the pre-sale. We are also happy to report that as a result of increased marketing efforts in recent weeks, our whitelist has surged from 2,000 to over 8,000 registrations!
A Closer Look at the Numbers
We’ve raised a total of 10,300 Ethereum, which at the closing market rate was equivalent to $11,850,781 USD*. In simple terms, this means that 21,396,597 FTX Tokens are to be distributed to our supporters.
*Etherscan Ethereum rate as of 18:15 UTC on 20.01.2018 was $1150.63
The Presale was the first step for the FintruX Network launch — from the moment we reached our softcap (5000 ETH), we knew that our dream of creating the global p2p lending ecosystem was one step closer to becoming a reality. Having secured roughly half of the overall target in pre-sale funding, we are now convinced that the team will be able to execute our roadmap for strategic and technical development.
Our prototype will be launched prior to the token sale starting Feb 7th and our go to market is scheduled for Q4 of 2018.
FintruX Network Solving a Global Issue
The lack of much needed cash flow is a problem that continues to plague small businesses and startups around the world. Local financing options are either not accessible or have oppressive credit terms that further restrict liquidity instead of providing relief.
FintruX is enabling global entrepreneurs to quickly secure affordable loans with no collateral, in any currency. This is achievable with our no-code development and open ecosystem that brings end-to-end solutions to both lenders and borrowers.
Learn more about FintruX Network at: https://www.fintrux.com/
Whitepaper: https://www.fintrux.com/home/doc/whitepaper.pdf
Info on FintruX Token Sale
Our token sale will start on Feb 7th starting with a limited 5% bonus.
Learn how to sign up for the whitelist here: http://bit.ly/KYC_1
Want to learn how we are rewarding participants and ensuring that the fluctuating ETH price does not affect our sale? Read our blog post.
In the meantime, please join our bounty program, so that you can start earning FintruX tokens even before the sale starts. Our bounty program rewards social actions such as liking, sharing and commenting. These tokens will be received on the token generation event, which will happen roughly 2 weeks after the FintruX crowdsale.
Thank you very much for your continuous support and engagement!
The FintruX Team
About us: FintruX Network is the global P2P lending ecosystem powered by blockchain and no-code development. FintruX facilitates marketplace lending in a true peer-to-peer network to ease the cash-flow issues of SMEs that typically face challenges getting loan financing, such as startup companies.
Find us on our: Website ; Twitter ; Facebook ; Reddit; LinkedIn
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