FidentiaX-Exchange With Confidence With World’s 1st Marketplace for Tradable Insurance Policies

tanvirahmedshaon (43)in #blockchain • 7 years ago

FidentiaX-Exchange With Confidence With World’s 1st Marketplace for Tradable Insurance Policies

Today, a large number of people are preferring to sell their insurance policies. You can sell your insurance policy to a third party instead of surrendering it to your insurer at a low value. This is usually normal in the life insurance world. Some individual may turn out to be more prepared and realized that they don't need a life insurance policy. Their children might be well setup financially, for example. For this circumstance, some individual offers to buy their insurance policy for more than what the insurance company would pay for surrendering the policy, yet not as much as what the final settlement will be.

The tradable insurance market is faced with inefficiencies such as:

- Lack of awareness

- No Recognizable Marketplace

- Dependency on 3rd party

FidentiaX have realized this problems and they have come to a solution.

FidentiaX is in the developmental phase of creating the world's first marketplace for tradable insurance policies by disrupting the status quo by empowering policyholders to monetise policies on the blockchain

In 2016 alone, the total market measure for insurance premiums in the 40 OECD reporting countries was estimated to be in the north of $3.86 trillion dollars and Asia is foreseen to be the fastest growing market for life insurance with an estimated real annual compounded growth rate of 10.2%.

Now let's know something about FidentiaX:

fidentiaX is building the World's First Marketplace for tradable insurance approaches by leveraging on blockchain technology. fidentiaX is building up the world's first marketplace for tradable life insurance policies. This innovative new technique will empower policyholders to offer their calamity security courses of action for a potentially higher cash value than if they by one means or another happened to surrender them back to the flourishing net supplier, while investors can buy these policies to gain uncorrelated stable investment returns.

FidentiaX services:

The fidentiaX marketplace focus will put the ball in the the court of policyholder engaging them to adapt approaches on the blockchain. The company also plans to set up fidentiaX Open Source Foundation (FSOF) in an effort to encourage the integration of blockchain technology with the insurance industry. FidentiaX marketplace provides the following services:

Policy Ledger:

Giving a liquidity contrasting option to existing policyholders through a straightforward, reasonable and productive stage which allows tokenization of their current arrangements. This service takes out the requirement for intermediaries, by building up an advanced record for policyholders.

Trustless Marketplace:

Building up a trustless marketplace for purchasers investigating tradable approaches as a component of their speculation portfolio by leveraging on blockchain technology and its advantages to give a secured transactional ecosystem.FidentiaX’s trustless marketplace provides buyers and sellers with a comprehensive platform to connect and trade different policies via blockchain.

Roadmap:

The FidentiaX Token Sale:

The FidentiaX platform will use three particular sorts of Tokens:

- Crowd Token Contribution (Ethereum Blockchain) - fdX

- Currency Representation Tokens – (eBTC, eETH, eUSD, eEUR, eSGD, eJPY, eKRW, eMYR, etc)

- Platform Unified Tokens – ISX

The fdX tokens are available through the crowdsale. There's a sum of 100 million fdX tokens open through the course of action. 1 ETH = 500 fdX all through the course of action, despite how prizes are available on days 1 through 5. The token sale was announced on October 16.

Here are some important dates you need to know about FidentiaX Token-

October 20: Start of private contribution round (pre-sale)

November 5: End of private contribution round

November 6: Start of public contribution round (crowdsale)

December 5: End of public contribution round

You can participate in the token sale by signing up at https://token.fidentiax.com/

CROWD TOKEN CONTRIBUTION—

FidentiaX will be issuing 100,000,000 fdX tokens for Crowd Token Contribution (CTC) with rewards program for early contributors based on the following method-

* CTC (Day 1~2) - 1 ETH = 575 fdX (15% bonus)

* CTC (Day 3~5) - 1 ETH = 550 fdX (10% bonus)

* CTC (Day 6~30) 1 ETH = 500 fdX

Team Members: