Fidentiax ICO Review | World’s 1st Marketplace for Tradable Insurance Policies
Fidentiax is the best platform in the World for the purpose of insurance policy trading (buying and selling). It is actually a financial technology based concern in Singapore and it uses the technology of blockchain for its successful operation.
It has extended its outstanding services and solutions to around 40 countries in the world. It is going to integrate the field of insurance with the blockchain technology by establishing a foundation called FSOF (Fidentiax Open Source Foundation). The estimated worth of fidentiax in 2016 was approximately around 3.86 billion US Dollars. Visit Website
Alvin Ang and Douglas Goh are the two co – founders of this platform. Its partnership concerns include Blockchain Zoo, Arlo associates, and Uncharted partners and so on.
- Total number of Fidentiax tokens available for token sale: 1,144,903.1961 US Dollars.
- Total amount of fdx tokens allocated for crowd offering purposes: 100,000,000.
- Total amount of fdx tokens allocated for the founders: 25,000,000.
- Total amount of fdx tokens allocated for the business advisors and partners: 4,000,000.
- Total amount of fdx tokens allocated for the MGM and bounty programs: 1,000,000.
- Percentage of bonus for the first two days of token sale is 15%, where the value of 1 ethereum = 575 fdx.
- Percentage of bonus offered for the days 3rd to 5th of token sale is 10%, where the value of 1 ethereum = 550 fdx.
- Percentage of bonus offered for the days 6th to 30th of token sale is 0%, where the value of 1 ethereum = 500 fdx.
Unique features of Fidentiax:
- It is a distinct marketplace for those, who want to trade insurance policies.
- It accepts users from all around the globe.
- The traders of this platform can be able to make huge profits by selling their policies to several third parties.
- It overcomes selling at a low cost, since it does not involve direct insurers. Instead it allows third party interference.
- It provides effective monetization of insurance policies.
- It imposes only very low charges for performing transactions.
- It contains a qualified team of professionals with huge experience in the industry of insurance.
- It provides an extra income to the users with the help of its unique referral program.
Services offered by Fidentiax:
Listing of policies: This solution gives the buyers the complete access to the policies available with the platform, thereby letting them to browse and choose policies as per their wish.
Issuing of policies: It denotes the documentation formalities done by the buyers to deposit funds, which thereby makes the sellers aware of those funds.
Policy submissions: It denotes the guarantee of funds deposited by the buyers and also ensures the policy transfers via the corresponding insurance companies. It also ensures the transfer of policy proofs.
Policy completions: It denotes the completion of policy transfers with proper verification techniques done by fidentiax. It also facilitates the release of funds to the sellers from the buyers.
Demerits of Fidentiax:
- It does not offer any kind of guarantee to the buyers. Instead it wants the buyers to trust the secondary market providers.
- It takes advance payments from the buyers.
- Predicting and mentoring efficient buyers is somewhat difficult with fidentiax. Off course, the sellers of this platform should meet a lot of challenges while choosing or selecting appropriate buyers.
- With respect to the residential areas, buyers are restricted to access the policies available with the platform.
- At the time of policy transfers, the traders must be at the office of appropriate insurers.
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