Foxytrade (FXTR)

Loans Based Platform

Review Score
2.27/5
ICO Price
N/A
Pre ICO Price
N/A
Soft Cap
N/A
Hard Cap
9,500,000 USD
Start Date
1 March 2019
End Date
8 April 2019

What is Foxytrade?

Foxytrade Mission – to remove barriers and borders to grant the less developed countries access to financial recourses We will address the daily needs of average individuals and entrepreneurs, opening up decentralized access to finances on the terms convenient to both parties, and not to a financial bank entity or any other intermediary. Majority of challenges facing society are being solved as follows: • Population consumes, demands what is needs; • Trading and manufacturing turnover grows; • New jobs are created. In Russia, and many other countries, financial entities such as banks rarely lend to SMEs (small and medium-sized businesses).

Banks take a pawnshop attitude toward SMEs, i.e. loans are given only if there is a bail that exceeds the body of a loan. The number of bails is strictly limited: in general, real estate or securities are accepted at the exchanges. Therefore, SMEs are willing to take loans in accordance with the rates higher than the bank ones instead of the possibility of receiving money. In the Russian the lending market, SMEs are claiming annual rates at about 19%, but give 90% of the loans to large companies only. As a result, annual rates of 20-35% have emerged in the P2P lending market, and there is an excess of unmet demand by the investors and borrowers.

Information displayed on CoinCheckup can be updated by the respective ICOs and/or Crypto representatives and does not present the opinion of CoinCheckup.com and/or the CoinCheckup team.

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.