Dear followers!

Today I would like to discuss a very important financing tool that is widely used by small and medium-sized businesses. This tool is known as invoice finance and it must be viewed as an addition to other forms of short- and mid-term finance. It must be noted that at the current stage of social development the banking and the capital markets undergo stagnation and not capable of providing fast and high-quality services to the sellers and buyers in order to satisfy business needs to full extent. The main potential problems in this respect are as follows:

👉 Invoice issuing for service or product does not comply with agreed specifications;
👉 Payment liability may be disputed by the buyer;
👉 Possibility of the insolvency of the buyer;
👉 Laborious and costly preparation of legal documentation and complexity of the processes;
👉 Defraud of the financier;
👉 Buyers are not creditworthy;
👉 Difficulties in invoice verification.

Good results in the elimination of cash-flow problems by involving blockchain mechanisms have been achieved by the Invox Finance project that was initiated by a successful invoice financing company based in Australia - ABR Finance Pty Ltd team. Let us look in more details into the proposed solutions and the main concept of this undertaking.

Website: https://invoxfinance.io
Whitepaper: https://invoxfinance.io/docs/Invox-Whitepaper.pdf

What is the main concept of the Invox Finance?:

The main concept of the Invox Finance is to assist businesses in staying afloat due to cash-flow problems. The implementation of this concept can be achieved by creating a unique decentralized peer-to-peer invoice lending platform for connecting all parties, involved in the business activities (buyers, sellers, financiers). Furthermore, such platform will give the possibility to interact very fast and distribute information with greater transparency thus creating a trusting environment in the business ecosystem.

Main features of the Invox Finance Platform:

1. Risk of fraud is reduced - Smart Contracts cannot be manipulated due to its location on the distributed ledger;
2. The terms of the transaction can be checked by any involved party on the blockchain ledger;
3. Sellers will be able to benefit from direct accessing to individual investors within a peer-to-peer lending environment;
4. Investment product will be available for individual investors and not only to the financial institutions or banks;
5. The integrity of transactions is maintained by the decentralized environment and there is no direct influence or any involvement from the side of the service provider;
6. Fast and easy automated access to the record data relevant to the invoices. The buyer will be able to verify the invoice and accept it as soon as it is registered on the decentralized system. The investors, in their turn, will be sent a notification as soon as buyer accepts the terms of the invoice so that the funds can be sent to the seller;
7. Low cost for maintenance of the dedicated centralized database;
8. Accounting software integration due to connecting API interface to payment systems thus reducing paper-based document requirement.

Invox Tokens and ICO Terms:

The Invox Finance project is going to issue its own tokens on the base of Ethereum network (using ERC-20 standard) which will be serving for internal use providing utility for accessing the platform through Trusted Member Program. The main use of the Invox tokens is for rewarding buyers and sellers for invoice verification and payment. It means the Invox Tokens will be serving as a key for accessing the Invox platform.

Token specifications:

• Token type: Utility token
• Token Ticker: Invox
• The maximum possible total supply of Invox tokens: 464,000,000
• Token network: Ethereum (ERC20)
• Token Value: 1 ETH = 10,000 INVOX + any bonuses
• Token distribution: 14 days after the token sale ends
• Pre-sale minimum buy: 1 Ethereum
• Main Sale minimum buy: 0.1 Ethereum

ICO details:

At this moment the fundraising campaign is ongoing for developing the Invox revolutionary service and building a community. Invox Tokens will be offered to institutional and retail investors through the Token Sale taking place in four stages with a bonus system rewarding participants in the pre-ICO and ICO. The schedule is given down below:

It must be noted that there will be no requirement for buyers and investors to hold any Invox Tokens. As far as a seller is concerned, he will need to purchase Invox Tokens during the ICO stage or from Invox Finance Platform (after the ICO) so that to be able to gain access to the Invox Finance.

The Invox Finance project team:

The Invox Finance Platform team consists of two co-founders, ten advisors and six full-time developers having good experience in the related fields (personal data protection, international operations, business development, blockchain technology, software engineering and architecture, data transmission, and ICO marketing). The major staff is presented by the following experts:

It is obvious that the co-founders of the project (Alex Mezhvinsky and Adam Mezhvinsky) have made good efforts in selecting the main staff and advisors. Such approach should result in the stable development of the Invox Finance Platform. The full list of the team members and advisors can be found on the official website by following the link: https://invoxfinance.io/

Conclusions:

We deal with a very promising project related to revolutionizing traditional invoice financing through an in-built transparent reward system. The Invox Finance project team gives the possibility to small- and medium-sized businesses to take benefits from implementing new cash-flow procedures where transactions execution and information flow will not be dependent on the single and centralized service provider. The new approach of the Invox Finance peer-to-peer lending platform will allow fast interactions and connections between all the involved parties (sellers, buyers, financiers) thus building a trusting environment and clearer rules. High ROI expected for investors!

The Invox Finance project contact details:

• Project website: https://invoxfinance.io/
• Twitter: https://twitter.com/InvoxFinance
• Telegram Group (Open Chat): https://t.me/InvoxFinanceCommunity
• Facebook: https://www.facebook.com/invoxfinance/
• BitcoinTalk (Forum Thread): https://bitcointalk.org/index.php?topic=3048498.0

The author of the article (on Bitcointalk):
https://bitcointalk.org/index.php?action=profile;u=1144629;sa=summary

Any feedback on the Invox Finance project would be really appreciated. Thank you!