If we seek for a solution for the business world, Blockchain comes to our rescue. The blockchain is responsible for offering a lot of facilities like security and faster access. We are already seeing the advancement and the huge impact that technology has come up within the past few days. Blockchain now welcomes an entirely new sector that deals with digital banking by making use of the Fast Invest engine. The innovation surely aims to bring forward a lot of wonder for the coming generation.
Introduction
The fast Invest ecosystem is taking all the possible efforts to develop which looks forward to adding in P2P investing techniques. Other add-ons include an e-wallet and exchanging currency methods.
Yet another wonder is its implication to be soon seen on iOS as well as on Android in the form of application. The products that are operating right now will be levelled up more and more with the funds.
This is a decentralized system that closely keeps in mind the major factors like the security of data and transparency. Nowadays, these two are one of the most important things that we look for. Fast Invest takes it as its top priority and does everything that it can to keep the client's information completely safe.
The Working of Fast Invest
The entire process is as follows:
As we know, Fast Invest offers us facilities for banking. Therefore, the first step talks about a person receiving a loan. Later, all the process is verified the person receives the loan keeping in mind all the terms and conditions.
In the next step, the servicing of the loans takes place. The CCI joins hands with Fast Invest. Then, the credit risks are approved by the creditors. The creditor, then, forwards the loans to the fast invest ecosystem.
After the borrower receives the loan, he proceeds with making up monthly repays. These are embedded in the terms and conditions of the credit agreement. The credit agreement consists of all the Interest rate and then repays the exact amount to the creditor. Further, it is the job of the creditor to transfer the amount to Fast Invest.
Finally, the borrower takes the charge and pays off the loan and hence the customers start receiving the loan.
Why proceed with the FIT token?
There are a number of reasons for this but the primary ones are listed below.
The token holders who have already acquired the tokens will have the opportunity to become crypto users.
When it comes to transactions and data managing, there is nothing to worry about as there is complete transparency in the process.
Within the platform, the token holders will be able to take advantage of all the related services.
There are global exchanges happening on the platform too and the fast invest tokens will be given and received explicitly.
The token holders will not need to go through an identification process.
With the help of the mobile and web application, the holders will be able to exchange their cryptocurrencies. That is, they can exchange it for fiat currencies as well as any other digital currency.
What is in the bag for the token holders?
Digital Currency Exchange: This is one brilliant innovation with the help of which users will be able to swap any kind of currency with other. For example, USD can be easily converted to BTC and vice versa. The platform supports all kinds of currencies.
Digital Wallet: The digital wallet can be used in two ways i.e. online as well as through mobile. The online system is web-based whereas the mobile version allows it to function on Android and iOS. The digital wallet aims to make it easier to manage the money with the help of blockchain. It also allows crypto assets to conduct the maximum financial transactions.
Investment Services: This platform will put front two strategies to manage to invest. The primary one will focus investing on cryptocurrency itself and the second one will belong to the loan investment which will be certified.
Decentralized Lending: Different ways of getting a quick and easy loan online includes, P2P lending, crypto-lending, and blockchain lending.
Mobile Application: It helps in bringing all the facilities down at one place by providing online support for the clients.
Payment Card: This feature will help the customers do not bear any loss and pay for the goods and services instantly. The advantage being, the users will have full control on the payments they make.
The Token Sale
The Token sale will use up fast invest tokens (FIT). These tokens will be brought forward by the Ethereum Blockchain Technology. This is mainly done with the help of smart contracts.
The total number of tokens to be generated in the token sale is 777,000,000. Out of the total, almost 50% of it will be given off to the crowdsale members. The tokens will be distributed from December 4th, 2017 to January 31st, 2018.
Until the soft cap is tipped off, there will be 20% bonus tokens distributed openly in the platform. Only the early visitors will be able to claim the bonus of 20%. After the soft cap has been touched, there will be no further discounts entertained.
The Final Verdict
One of the primary reasons for my attractions toward fast invest is because of the brilliant facilities it is coming up with. It is an all on one platform which is going both ways i.e. running up an ICO and managing a digital banking system as well. It would be really a smart choice if you enrol in this project early to taste the benefits coming up for the early birds.
To know more visit:
Website: https://fastinvest.com/en
Whitepaper: https://fastinvest.com/documents/fast-invest-whitepaper.pdf
Published By: Kishan748
Btalk profile: https://bitcointalk.org/in dex.php?action=profile;u=1027561