QUOINE and FidentiaX (FDX) are pleased to announce the listing of FidentiaX on QRYPTOS (https://qryptos.com) on January 15, 2018.
QRYPTOS is QUOINE’s fully digital cryptocurrency exchange and trading platform launched in June 2017.
FidentiaX is building the World’s 1st Marketplace for Tradable insurance policies by leveraging blockchain technology.
Most people do not realize that insurance policies with cash value can be traded in the market for a higher cash value, that is, an individual could sell his policies to a 3rd party instead of surrendering the policy. In 2014, policies lapses and surrenders were in excess of US$112billion in the US alone, of which it was estimated US$57billion could have been resold in the open market.
The minority of policyholders who knows they can extract higher value from their policy face challenges in finding interested buyers as there is no recognizable marketplace. Buyers looking to add insurance policies to their investment portfolio are confronted with similar, if not more, barriers to safely execute the purchase.
FidentiaX’s vision is to create a trading marketplace and repository of insurance policies for the masses by leveraging blockchain technology. This blockchain-powered marketplace will provide a trustless, immutable, auditable and transparent environment to disrupt the status quo.
There are 3 main utilities for FDX tokens issued during the CTC, namely:
Membership
FidentiaX is a membership-based platform whereby users need to be a member to access the range of services available on the platform.
The annual membership fees shall be payable via FDX tokens and any token collected will be consumed. This would effectively decrease the total float of FDX in the market.
For example:
FidentiaX’s marketplace has 200,000 users and each membership is set at 20 FDX tokens per annum.
A total of 4,000,000 will be consumed that year. This will reduce the total float by approximately 3% assuming 100% of the tokens were distributed during CTC.
Member’s Auction
FidentiaX will hold exclusive auction for FDX token holders whereby policy will be put up for auction at a significant discount off the cash value.
For example:
FidentiaX list an endowment policy with cash value of $100,000 at 25% discount, i.e. $75,000. Holders of FDX tokens would then be able to place a bid on the policy using FDX tokens. Successful bidder would walk away with a substantial discount for a real-world asset which he could put up for sale in our marketplace.
Exchange for Platform Unified Token (ISX)
Transactions on fidentiaX platform will be conducted with a platform unified token (ISX) for better management of forex risk and risk management (Anti-Money Laundering).
FidentiaX will hold exclusive and limited sale for FDX token holders, giving them the opportunity to purchase ISX tokens at a discount. ISX tokens are pegged to US$1.
Available pairs: FDX/BTC , FDX/ETH, FDX/QASH
For more information, see https://www.fidentiaX.com
Facebook: https://www.facebook.com/fidentiaX
Twitter: https://www.twitter.com/fidentiaX
LinkedIn: https://www.linkedin.com/company/13432590/
Reddit: https://www.reddit.com/r/fidentiax/
Medium: https://medium.com/@fidentiaX
