Invox Finance – A Revolutionary Platform for Invoice Financing

Traditional invoice financing is prone to security problems as it relies only on the relationship of trust between buyers and sellers. Considering the potential problems that may occur because the lack of security, Invox Finance is trying to develop a revolutionary platform that can ease all users dealing with invoice financing.

Problems in Traditional Invoice Financing

The Invox Finance platform is designed to prevent potential problems that may happen in traditional invoice financing. The problems include the inability of buyers to pay the invoices and the complexity of the procedures and the legal regulations that all parties should go through.

The Platform Model

One of the biggest plans of Invox Finance is to design a peer-to-peer lending platform that is aimed at disrupting and innovating the traditional invoice finance sector. The platform will not require any financier in invoices process because via the platform the business can automatically accelerate their cash-flows by selling their invoices. In this case, they become sellers and they will interact with investors who are attracted to finance the invoices. Investors are those who lend their assets to the seller within the platform.

The Invox platform model is categorized into four elements. The first one is the decentralized system that allows all parties in the platform to interact. The second is direct access to individual investors. It will provide some advantages not only for investors but also for sellers. In addition, the fourth one is lower rates for sellers. Unlike when they use traditional financiers, via Invox platform, it is possible for sellers to pay the only small amount of interest fees.

Information about Invox Token

The main reason why the company conduct the ICO is to attract members to the system and one way to do this is through the Invox tokens sale. After a seller can achieve the top tier membership by either getting the tokens as rewards of buying them, eventually all sellers should have some amount of taken to pay their membership annually and to get access to the platform. The Invox tokens can be purchased from ICO sales or from the platform itself.

That is why an initial supply of Invox tokens are necessary when the platform is launched. A portion of Invox tokens is allocated for the founders of the platform. There is also another portion set aside for operational costs. Additional, some of the tokens will be allocated for bounty programs. After the ICO sale ends, no more Invox tokens are created. For the ICO sale, not everyone can participate. Citizens from some countries like China and the US are not able to take a part in the ICO.

The ICO will be held in two phases in which in each phase there will be a bonus structure rewarding token buyers both in pre-sale and main sale. The pre-ICO sale will run for ten days from March 15th to March 24th, 2014. Meanwhile, the main sale will start on April 15th, 2018. The last day of the main sale will be on May 15th, 2018. During the full month of the main sale, a bonus is offered in different amount depending on when users purchase the tokens.

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Category: ICO
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