Bfex is trying to create a platform for the individuals which currently do not have access to banking facilities. It is also building a decentralized credit scoring mechanism with the help of which, such individuals will be able to gain access to the banking facilities. With the help of the credit scoring system, they will be able to gain incremental access to the banking system. As they avail more and more services, their credit score will be updated as well. As a result, it will become easier for them to gain access to the banking facilities.
Moreover, peer to peer lending will be made possible on the platform. Since the platform will be based on the blockchain technology, the lending will be done quickly and executed with the help of smart contract. Moreover, there will be also a wallet based a system on the blockchain-based platform. This will ensure that you are able to buy goods and services quite easily. As a result, it will become easier for you to gain access to the financial services as well. Since it will be entirely decentralized, the credit scoring mechanism will remain private as well. In addition to that, the lending will be done quite quickly as well and executed with smart contracts which will help the lenders as well. It will just facilitate the transactions and connect the various stakeholders. As a result, it will be a win-win situation for the customers as well as for the lenders. Currently, the platform is coming out with an ICO.
Bfex PSU details:
- Date of pre-ICO: 01-05-2018 to 28-06-2018
- Token acronym: BFEX
- Pre-ICO price: 1 BFEX = US$ 0.3
- Bonus availability: yes
- Platform: Ethereum
- Currencies accepted: ETH
- Minimum investment: 0.1 ETH
- Soft cap: US$ 12 million
- Hard cap: US$ 36 million
The number of people who are underbanked or unbanked all over the world are significant. Most of the population in the developing countries does not have access to the banking system. As a result, this platform actually holds a lot of promise. Thus, you should look at this platform for investment over a longer period of time.
Visit official site: https://bfex.io/
- Official link: https://bfex.io/
- Official Bitcointalk thread: HERE
- Link to the Whitepaper: HERE
- Bitcointalk Username: sorrros
- My Bitcointalk profile link: HERE