INTRODUCTION
It would have been nice if everyone in the world could access bank loans but that is not possible because even as we speak many population of people in remote areas and even some in developed countries still find it difficult obtaining credits from banks. Since such large population have limited access to banks, making transactions difficult for them to make. The only way to solve this problem is to make people have unlimited access to the collection and giving of loans through a p2p system on the blockchain. No other platform can make that happen except Finwhalex.
WHAT IS FINWHALEX?
This platform is made to making credits available to people who needs funds by making the platform a network where those who can lend can meet with the borrowers. There is access to credits for anyone who is a member of the platform at any point in time with the blockchain technology supporting the process. Smartcontracts are involved in the operations to birth a great level of transparency into the ecosystem and to avoid any form of manipulations between the different parties involved in the lending operation.
THE RELATIONSHIP BETWEEN USERS AND THE PLATFORM
All the borrowers in the system have to design their profiles which would automatically appear in the peer to peer online portals for all lenders to see and decide which of the borrowers they are satisfied with to lend their money. When the lenders decide to invest in borrower, he has decided to accept the Interest rate put forward by the borrower thus both of them get mutual benefits from the transaction. Investors can enjoy good interest rate from borrowers in this platform better and get a chance to improve their financial status through lending to people in this platform while finwhalex stands as the intermediary. The private interests of all is brought together and demands are met as the borrowers and lenders come together from different part of the world to contribute to the credit giving platform.
The transactions in this platform are organized and fulfilled by smartcontracts execution, making digital assets and cash flow possible without any risk on the partakers whatsoever. The profiles created are also well protected and all lenders makes sure they have the collaterals stored up in a multi-signature type of wallet that allows the use two keys for any transactions to be done or before money moves from it. All users in this platform have their loan history recorded in the platform for other parties to be aware of their status and to notify the other parties about the status of the collaterals deposited.
EXCHANGE ADVANTAGES
Finwhalex provides a network where users balance in their profiles can increase based on their activities in the environment as they make use of their trading account and manage their risk profiles.
With the partner exchange im finwhalex, users have great solution of liquidity and new effective trading strategies as financiaI instruments for the benefits of the traders in it. With the introduction of these new financiaI tools, there will be an improvement in the trade turnover and the reduction of the commission fees. The lenders will be able to focus on their main tasks in the system and have no challenges doing so.
CONCLUSION
Finwhalex has successfully formed alliance with credible exchange participants and structures for all traders to be comfortably involved in the activities and for investors peace of mind as they lend to other users. Finwhalex Innovation will thrive and succeed in connecting all financiaI stakeholders in the world together to enjoy the transparent services that was not available to all in the traditional banks.
USEFUL LINKS
Website: https://finwhalex.com/
Telegram: https://t.me/finwhalex
Twitter: https://twitter.com/FinWhaleX/
Facebook: https://www.facebook.com/FinWhaleX/
AUTHOR'S DETAILS
Bitcointalk Username: Dannev
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2317961