Invoice Financing, it is a traditional way where it involves three parties it can be a company or financier, the seller, and the buyer. The cycle goes like this, a seller will sell his/her invoices to the company or financier and the buyer who will purchase the seller’s product must pay the invoices to the financier. The problem of this cycle is that the financier purchasing an invoice from the seller and advancing the funds but doesn’t have a direct relationship with the buyer and the financier only trust on information given by the seller while the relationship of the buyer and the seller is not completely transparent to the financier. In this, you can see the risk is on the financier if ever the buyer will not pay the agreed invoice.
The picture below gives more description how invoice financing cycle being done.
Getting to Know INVOX FINANCE
Invox Finance is a decentralized invoice financing solution to the problem of the current traditional. These are the advantages of Invox Finance it is cheaper, more accessible because it is using blockchain technology, and lastly it is more transparent between the financier and the buyer. Unlike to the traditional one where only the seller can communicate both buyer and financier. Currently Invox Finance has only one competitor in the blockchain space. They almost similar in terms of details comparison. Although Invox Finance offer unique dynamic invoice model and fragmented loan system, ensuring the best possible experience for seller, investor and buyer. One more thing about its competitor the Populous Token(PPT) is that until now it doesn’t have a branding. Since its very important even if you are a small business and basically they are working on financial market which very important to gain the trust of your users or consumers.
How to Own INVOX TOKEN?
Their are ways on how to own an INVOX Tokens. You can join on initial coin offering that will start on April 15, 2018 and get up to 20% bonus. Join on Invox Finance white-list investor and get the bonus you deserve. You can signup here ico.invoxfinance.io
To get updated on bonuses just refer the image below.
Second way to Earn Invox Tokens is through Rewards. Sellers and Buyers will be rewarded in Invox Tokens for performing actions on the platform:
1. Buyers will be rewarded with an amount of Invox Tokens equivalent to 0.5% of the face value of the invoice that he or she verifies.
2. Sellers will be rewarded with an amount of Invox Tokens equivalent to 0.5% of the face value of the invoice that has been paid and settled
Most of the funds will be allocated on marketing which is very reasonable since every product or business needs a good market strategy in order get more investors, 20% will go to the system development and another 20% for the investment funds, it will serve as initial investments on Invox Platform.
Pros and Cons
When I research this coin on youtube, see its website and I watch the video which did a good job on summarizing the major concept of Invox Finance and how big the potential on this coin which show that the global market almost 3 trillion US dollars. It is even rated on icobench a high rating of 4.3, which is technically higher compare to populous which is only 3.9. They also have the KYC for its investors which are very important in the current era of ICO’s. On the other side, I have encountered a lot of ICO’s and I always checked the Total Tokens generated, price per token, soft capt, hard capt and so on. When I check on website and whitepaper, I cant find how much the total token will be generated for this project. Hopefully, they will add it to the whitepaper.
In case you’d like to read more about Invox Finance project you can read on their Whitepaper.
Thank you for reading this ICO Review and feel free to share your thoughts in the comment section below and don’t forget to give a rating on this ICO.
Invox Finance ICO Benchmark
User Review( votes)
Bitcointalk Username: howlong358
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1373482
ETH Address: 0x8a6c8959642a0cb2823eacdfbe81788e69ad6f04