INVOX FINANCE - A transparent Financing Platform Built on the Blockchain technology

What is invox finance?

It's invoice lending platform, if you think about a small business and the invoice, their customers they might not get payment for let's say 45 - 90 to even 120 days in some cases very long time from when they actually do the job and get paid for it. This means that they can maybe struggle for finance and capital during that the interim period. So, what this platform intends to do is provide these businesses with a way to get money based on the invoice amounts. competition is in singular and it is populous, there is no other ICO or blockchain company that is offering the service at the moment. The differences between populous and invox, the populous platform doesn't allow buyers in the service. The invox platform is actually going to connect the sellers, invoices and buyers on the same platform. It's going to be much more involving and the buyers will also be rewarded with the invox tokens as well. Another difference between the two is invoices uploaded onto the populous platform, paper-based invoices making them static whereas the invox finance platform will incorporate dynamic invoice smart contracts. Allowing the contracts with invoices to be in a completely digital format and looking forward to actually eliminating any paper-based invoices. Another difference the populous platform requires investors to bid against each other as sort of auction for financing the invoices whereas the invox platform will provide everybody with equal access so there'll be a large pool of sellers and based on what the investors risk preferences are and then this will basically eliminate the need for investors to undercut each other in an auction environment. You won't be scrambling or bidding against each other, you'll have a fair and equal chance to get involved. The other differences, populous requires investors to join together in a group so essentially, they’re forming a pool if they're unable to fund larger invoices whereas the invox platform divides the loan in a number of fragments. This allowing a smaller investor to invest as well.

Since you know that we face some problems of financing traditional invoices, these are:

• The merchant and the buyer can plot or plan together to cheat the lender.
• The merchant may issue a receipt for an administration that has not been fully completed or an article that does not consent to concurrent determinations or needs.
• The buyer can discuss the payment obligation.
• There are also problems with the multifaceted quality of the procedures and the legitimate documentation included. The planning and execution of authorized files is difficult and expensive and can include several external providers.
• The buyer may be annihilated and unable to pay the requests.
• The trader, in breaking his agreement with the lender, can train the buyer to pay the offers specifically for them and not to restore the assets to the agent.

The key problem with traditional invoice financing is that the financier who acquires an invoice from the dealer and propels the assets against him does not have an immediate association with the buyer. The agent believes exclusively in the data provided by the distributor. As a result, the connection between the merchant and the buyer is not entirely direct to the financier, and thus uncovered the financier in the face of a significant danger that the invoice will not be paid as agreed or discussed.

What is bill financing:

The usual receipt financing depends on the vendor's purchase invoices from the financier. Consequently, the financier agrees to send money to the dealer against each invoice. The buyer2 who bought the seller's products must pay the invoices specifically to the financier.

What is Invox Finance:

Invox Finance is a platform that brings transparency to the concept of invoice financing. It is built with Blockchain technology that makes it transparent and paperless. Not only does it provide openness, but it also has excellent functions that make invoice financing less risky and more profitable for all parties involved. Let's review the features to know more about this. If you do not mind, visit our website ( https://www.invoxfinance.io/) to get the most up-to-date information from our team.

 How will the problem solve the Invox Finance Platform:

Invox Finance Platform is a decentralized peer-to-peer loan platform that will allow sellers, buyers, investors and other service providers to connect, interact, share and distribute information directly. The platform aims to create an environment of trust by facilitating transparency between the parties and rewarding performance.

This platform will interrupt and revolutionize the traditional financing of invoices by implementing a system where trust and transparency among all parties is developed through an integrated reward system. In addition, the execution of transactions and the flow of information will not depend on a single centralized service provider, but are governed by a transparent set of rules executed in a fully distributed ledger. Read more in the Whitepaper .

Why should I finance Invox

• Decentralized platform The Inbox Finance platform will allow suppliers, buyers, financial specialists and other specialized cooperatives to interact, associate, share and transmit data directly.

• Lower rates for sellers Sellers may obtain financing at lower interest rates than they normally receive from traditional funders who operate outside the block chain.

• Dynamic invoices in a distributed ledger Dynamic invoice provision for all meetings with the ability to update receipt data in real time, guarantee immutability and monitor access to sensitive data.

• Bringing all parties together The Invox financial platform maintains trust and openness between all meetings through authorized access, confirmations and a manufactured reward framework.

TOKEN INFORMATION

Invox Token will be created in the Ethereum network. With the financial system, the company will launch an own file called Invox Token. It will be granted to buyers and sellers as a reward for the verification of transactions. It is also essential that vendors have an Invox token to access the Invox Finance platform. Sellers will have to pay a certain amount of them for an annual membership.

The company is also launching an ICO, whose purpose is pre-sale of the membership through the sale of Invox tokens. Get the tokens at a discounted price for participating in the ICO. For more information, you can consult the website:https://invoxfinance.io/

For More Information ,Visit :

Website : https://www.invoxfinance.io/

Twitter : https://twitter.com/InvoxFinance

Facebook : https://www.facebook.com/invoxfinance/

Telegram : https://t.me/InvoxFinanceCommunity

Author Bitcointalk Profile ( Tirta1 ) : https://bitcointalk.org/index.php?action=profile;u=1017720