FinWhaleX

Experts say that in the future lending platforms will be needed by many companies to develop, hence the lending industry has the potential to grow in the future. 
But traditional lending platforms often burden users with the difficulty of getting a loan. And if the user has a bad credit record, certainly, he will not get a loan. 
Therefore P2P lending appears. P2P lending solves problems regarding the difficulty of obtaining loans, complicated processes, and other issues related to lending platforms. 
The world's first P2P credit platform, Zopa, was launched in 2005 in the United Kingdom, and since then, the P2P platform has achieved tremendous growth and has become a broad global industry. This is not surprising, as it can provide 2 billion loans to the world without having to connect to banks.
With the large growth of P2P lending platforms, experts state that peer-to-peer lending markets will reach 460 billion USD by 2022, increasing by an average of 51.5% per year.

P2P LENDING

FinWhaleX is a P2P lending platform that provides access to loans anywhere and anytime. Let's see how this works. To apply for a loan, the borrower must first set parameters for the loan. This includes the amount, interest rate, loan term, etc. Sometimes companies recommend evaluating other application parameters to make it easier to navigate the process and choose the most profitable bidding. Additionally, there is the option to select an application for a secured loan. Two ways can be offered for this. First, you can place an application for a secure loan. This method is more interesting. Second, you can transfer the amount of collateral required once the lender receives the application. The commission to apply for a loan is 0,
How FinWhaleX Works

• 1. You place a loan application

When making your loan application, the Borrower sets parameters according to their choice (amount, interest, period, etc.). We recommend evaluating other application parameters that have been placed in FinWhaleX - lenders choose the most profitable applications for themselves. You can choose when to secure your loan application securely. There are two ways available. On the one hand, you can place a more attractive loan application for creditors. On the other hand, you can transfer the required amount of credit once 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.

• 2. The lender accepts your loan application

All creditors guarantee fulfillment of their obligations to applications received. Once the lender accepts the application, FinWhaleX will generate a special multisig address where your collateral (bitcoin) will be kept until the end of the loan period. Each party has only one private key for multisig addresses. Multisignature (multisig) refers to the need for more than one Privat key to authorize Bitcoin transactions. This ensures that no one can access the guarantee with only one Privilege key.

• 3. You return the money during the loan period

After repaying the loan, you automatically repay the deposit to yourself. No one can use your bitcoin until the loan is paid off - they are frozen in a special wallet. You can't repay a loan, if that doesn't work for you. If your bitcoin level has not gone up or down, then you can decline to repay the loan. In this case, the guarantee only falls to the lender, and your loan obligations are met. 
Token Info Token
name: FinWhaleX 
Symbol: FWX 
Type: ERC20 
Platform: Ethereum 
Distribution Token:
-56% for sale 
-17% for teams and Advisors Recommendations 
-15% 
-12% Marketing and PR 
Map Maps

team

Website information :  https://finwhalex.com/
Telegram:  https://t.me/finwhalex
Facebook:  https://www.facebook.com/FinWhaleX/
Twitter:  https://twitter.com/FinWhaleX/

Author

Bitcointalk user name: Rafaandika

Bitcointalk profile:

https://bitcointalk.org/index.php?action=profile;u=2622071;sa=summary

Eth address:

0x19C8eB6d14C17E2918aF2D0Bf03F649F05606598