World's First Marketplace Of Trading Insurance Policies : FidentiaX | Pre-ICO Sale Is Live !!

hulkred (12)in #cryptocurrency • 7 years ago

If you have your own insurance policy and you want to trade it, then it would be very difficult you because Insurance Policies are not considered a popular investment instrument and certainly people don't know anything about its trading possibilities.

But it is possible to trade Insurance Policies irrespective of its type and nature. Whether it's life insurance or general Insurance, all the policies are highly tradable and very profitable. But because of lack of awareness as well as lack of platforms, people keep their insurance policies till the end.

Now, Let's talk about a platform which have come up with a revolutionary idea of Trading Insurance policies with the help of a cryptocurrency based on Blockchain technology.

The platform name is FidentiaX.

FidentiaX General Overview

As I have said above, FidentiaX is a platform which allows it's users to trade insurance policies leveraging blockchain technology, using cryptocurrency FDX tokens to provide cost effective trading solutions and easy transfer from sellers to the buyers.

As of earlier, there were no fixed platforms or service providers which allowed their customers to sell their insurance policies before they get mature. If some service providers existed, they were only focused on selective Insurance Policies from where they could gain substantial amount of commission.

But now, with the use FidentiaX, everyone with a little knowledge of internet can sell their insurance policies over this platform and directly contact buyer about his documentation so that policies can be sent to him without any issue and within required time.

How FidentiaX Works

Well, FidentiaX platform is very easy to use and provide very effective solutions related to Insurance policies trading as well as transferring. FidentiaX has 4 steps which ensures the proper transfer and exchange of policies among buyers and sellers. Let's have look at those steps:

Policy Listing

The first step is the listing of Policies by Sellers over FidentiaX platform. People who wants to trade their policies have to submit their policy's details along with Insurer name and the amount fixed for policy. By doing this they will have access to the buyer base of FidentiaX. After listing by sellers, all the policies will be visible to buyers and they can choose the policy fulfilling their needs by browsing through the compete list of sellers.

Offering The Amount

Now after browsing through the list, buyers will select the appropriate policy and then he'll send his documentation to the seller along with deposit of the funds as per the price of policy. After the offering, an immediate e-mail will be sent to the seller and all the documentation will be received by him for transferring of policy over to the new buyer.

Submission

After receiving the documentations and confirming funds into the escrow account, the seller will go to the insurance company for the transfer of policy to the new buyer. After the transfer he'll receive the new documentation in the name of new buyer.

Transaction Completion

Now, the seller will go over to the FidentiaX account and he'll submit the new documentation to the FidentiaX blockchain where it'll be verified. After confirming verification, the Blockchain will transmit the documentation to the new buyer and those funds in escrow account to the seller.In this way transaction will be completed without the need of intermediary or third party and thus cost effectiveness will be reached.

FidentiaX Tokens (FDX)

FidentiaX tokens are the in-built cryptocurrency which performs several functions within the paltform. Those functions include providing discount at policy trading and transfering among other uses.

FdX tokens have a great significance on the FidentiaX platform. Along with uses cases within FidentiaX platform, they will also get appreciated in value after the tokens hits the exchange and in this way an individual gets maximum returns out of it.

FidentiaX tokens (fdX) will have a maximum supply of 100 Millions.