Recently, P2P lending platforms have gained great influence and development . This is especially noticeable among the younger generation. For example, investors aged 18 to 34 years are several times more likely to invest in cryptocurrency peer-to-peer assets than people aged about 55 years.
We will understand in general terms what P2P lending is. P2P lending is a method of financial transactions in which money is borrowed without the participation of banks, and the lender is an individual. Abbreviation P2P (peer-to-peer) stands for literally translating as peer to peer.
Everything is very simple. Equitable lending platforms are online exchanges and lending platforms. A person registers to them as a borrower or lender, after which he can take or give out loans. The exchange is not a creditor, but it plays an important role as an intermediary in transactions and checking the reliability and solvency of the borrower. Individuals and groups of individuals as well as investment organizations can act as lenders. Such equal credit is beneficial for both parties. The P2P profit percentage is much higher than for bank deposits and it is possible to quickly receive amounts of money in a short time through a quick check. Let's talk about a promising p2p platform, that is FinWhaleX.
About FinWhaleX
FinWhaleX is a crypto-fiat P2P lending platform that provides access to credits anywhere and anytime. The FinWhaleX platform allows you to accept or offer to deliver and is a mediator and not a bank. All operations on the FinWhaleX platform are transparent, reliable, and secure. All lenders are responsible and guarantee the fulfillment of their obligations on accepted applications.
Vision
FinWhaleX has set a vision to maximize its effectiveness in deploying the PWX symbol from the center and using the most practical and transparent method to highlight all its features.
How FinWhaleX works ?
- Placing a loan application
When creating your loan application, the Liberator sets parameters according to his choice (amount, interest, period, etc.). We recommend evaluating the parameters of other applications provided by FinWhaleX - choosing the most profitable application for themselves. You can choose when to apply for a loan with a guarantee. There are two ways available. On the one hand, you can place guaranteed loan applications that are more attractive to lenders. On the other hand, you can claim the amount when the applicant receives your application. When placing a loan application, you must pay a transaction rate of 0.5% of the loan amount depending on the loan period.
- Loan Providers Get Your Loan Application
All creditors guarantee their claims for applications received. After the lender receives the application, FinWhaleX will generate a multi-site address specifically where your guarantee (bitcoin) will be stored until the end of the loan period. Each party has only one private key for a multiple address. Multisignature refers to more than one Private key to request Bitcoin transactions. This guarantees that no one can access the guarantee that only has one Private key.
- You make money during the loan period
After repaying the loan, you automatically repay the deposit to yourself. Nobody can utilize your bitcoin until the loan is returned - they are solidified in a unique wallet. You cannot repay a loan unless it is profitable for you. If the bitcoin level is not set up, you may refuse to repay the loan. In that case, the guaranty only applies to the lender, and your loan obligations are repaid.
Token Information
- 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
Conclusion
I want to add that the FinWhaleXproject arose not by chance and not out of the blue. Finwhalex believes in a breeze that will bring convenience to the P2P lending platform for everyone outside. When there is great demand but there is no adequate supply, such innovative projects always arise. In the near future, you can expect that the FinWhaleX project will bring profit to its users and investors.
TEAM
Trusted Partners
Official resources of the FinWhaleX project:
🔗 Website: https://finwhalex.com/
🔗 Twitter: https://twitter.com/FinWhaleX/
🔗 Facebook: https://www.facebook.com/FinWhaleX/
🔗 Telegram: https://t.me/ finwhalex
🔗 Instagram: https://www.instagram.com/finwhalex/
Author :
Bitcointalk Name : arsyah18
Eth Address: 0x0c834a0918dB4aF48591D442d747Ca542BBCa492
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=952909