Foxytrade
About 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.
Features
Loans in fiat currency are strictly in the legal field of each country where we work.Our token will remove international barriers of currency conversion.We make financial resources more accessible and transparent. All platform operations are stored in blockchain.
Foxytrade Roadmap
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Jan - Feb 2019
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Platform Development.
• Developed the concept; conducted thorough back tests to determine fund hyperparameters; set wheels in motion to create a compliant legal structure. -
Mar - Apr 2019
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Develop Smart Trading Contracts. Private Sale.
• Development of Foxytrade Crypto back-end for multi-exchange trading. • Beginning of Private sale. -
May 2019
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Finalize Smart Contract & MVP Protocol.
• Complete smart contract to audit-ready state. Optimized autonomous index trading algorithm to mitigate front-running and slippage. Consultation with industry expert advisors. -
Jun 2019
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Test Trading System; Security Audit.
• Begin security audit and streamline all code ready for final code review process. -
Jan - Feb 2020
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Inicial Token Sale.
• Token ICO sale ICO to raise funds that will be utilized to purchase the underlying assets -
Mar 2020 - The Future
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Public Launch on Exchanges.
• (FXTR) Tokens will be listed into the exchanges, the data is pulled from the multiple exchanges - orders, volumes will be stored.
Activity
Foxytrade Team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Advisors
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
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