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What is Fintoch? Short Overview 2 |
Fintoch - NUMBERS DON'T LIE!! 3 |
What is Fintoch?
Well that's not a question that can be easily answered within 30 seconds. In short form, the Fintoch Application is a hybrid Blockchain technology that allows P2P borrowing and lending using Smart Contracts. The borrower pays 2.5% for one day or 2.0% per day for one week. This allows the lender (YOU) to earn 1.0% per day on the loan(s). It is important to mention that Fintoch (the company) NEVER has access to these funds until after the Smart Contract expires, at which point the full amount of the loan plus 1% interest is automatically sent to the lender. The remaining (either 1.5% or 1.0%) is sent to Fintoch. Two more points are worth mentioning: 1) It is impossible for the lender to default on the loan due to "trade monitoring". 2) The lender's money is always safe, even if Fintoch disappears tomorrow. The company makes clear that they're here for the long-haul. However, for the skeptical minds, Fintoch has given clear instructions on how to reclaim 100% of your funds from almost any other DeFi wallet if for whatever reason they are no longer available for business. This is highly unlikely but it's still good to know. Just keep in mind, your money is on the Blockchain and that's where it will stay until YOU remove it. |
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Disclaimer:
This website is for
informational purposes only. I take no
responsibility in any gains nor loses should you
decide to invest in any entity mentioned or
described. It is up to each individual person to do
their own research before making any financial or
investment decisions. |