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Home CRYPTO World Largest Ico Review Platform

FidentiaX ICO Review : Trading Marketplace And Repository Of Insurance Policies

Xpress Network by Xpress Network
July 3, 2019 - Updated on September 6, 2021
in World Largest Ico Review Platform
Reading Time: 5 mins read
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FidentiaX ICO Review : Trading Marketplace And Repository Of Insurance Policies
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About FidentiaX 

FidentiaX vision is to create a trading marketplace and repository of insurance policies for the masses by leveraging blockchain technology. This blockchain-powered marketplace will provide a trustless, immutable, auditable and transparent environment to disrupt the status quo.

Basic Information

Token Name FidentiaX
Token Symbol FDX
Social Media FidentiaX ICO Review : Trading Marketplace And Repository Of Insurance Policies FidentiaX ICO Review : Trading Marketplace And Repository Of Insurance Policies FidentiaX ICO Review : Trading Marketplace And Repository Of Insurance Policies
Accepting ETH, BTC
Token Price 0.0289 USD
Token for sale 100,000,000 FDX
Country Marshall Islands
Whitepaper Click Here For View Whitepaper
Website Click Here For Visit ICO Homepage

Existing Policy-Holders

There are types of policies with only one option, that is, to surrender their policy, as insurers are unwilling to accept these policies as collateral even though the interest rate charged is five times that of the deposit’s interest. In a few mature markets, there is the alternative of selling policies to a third party at cash value plus a negligible cash incentive. However, these companies are very selective in the policies they are willing to purchase, for example, endowment or whole-life policies which are near their maturity date are not favoured.

Policy

Individuals and companies are overly dependent on the trusted intermediaries who sold them the policy to provide after-sales fulfilment. However, due to the high turnover of intermediaries in the insurance industry, the after-sales fulfilment is often found wanting. When an unfortunate event of claim ocurrs, it often falls upon the next of kin or the beneficiaries to scour through the belongings of the insured to locate the necessary policy documents in order to make the claim. company Policy Ledger breaks from the traditional
reliance on intermediaries.

Features

Model Portfolio

Demonstrate the benefits of having tradable insurance policies in an investment portfolio. Key statistics of the portfolio will be shared on the platform. Facilitate trades on the platform during the initial stage, this will be done through direct acquisition of policies in a number of countries and listing them on the platform. This is necessary while build market awareness of the first global marketplace for tradable insurance policies. Utilize the portfolio returns to fund future development of the platform as well as funding a non-profit foundation.

Management System

To allow seamless transition between currencies, company cash management system will include various fiat currency accounts linked to internal Currency Representation Tokens which can be exchanged against the Platform Unified Token (ISX) that is pegged 1:1 to the US dollar. This allows buyers to top up their company account by purchasing ISX with their preferred fiat currency, and sellers can cash out ISX at its USD value against the fiat currency in which the policy was issued with minimum forex charges.

Kyc Required

KYC is required for every user of the FidentiaX platform. In the future, users will be able to share their company KYC and policy details with other services on a need-to-know basis.
KYC must at least include Permanent currency settings for the account. This guarantees that an account can only buy and sell ISX tokens within the system using selected currencies and cannot use the platform as a general currency exchange, which may expose to a different class of regulatory requirements.

Consensus

All transactions on the company Blockchain which are initiated by a buyer or a seller will be implemented as ‘phasing transactions’ which will be pending until company performs the correct action or verification. The company Blockchain will be private and not directly accessible to the public, with one or several nodes being operated by each company office. User applications will work against middleware which then operates on the private blockchain. The status of the blockchain can be explored via a blockchain explorer exposed only to paying members or other relevant parties.

Video

Team

Member
Alvin Ang CO-FOUNDER
Douglas Goh CO-FOUNDER
Roberto Capodieci BLOCKCHAIN ZOO FOUNDER

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 3 july 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

Disclaimer:

Not all the websites Whi listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.

Article Disclaimer

The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .

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