Invox Finance [ICO]

Invoice Financing in a nutshell

What is Invox Financing?
Invoice financing describes the process of a financier purchasing invoices from the seller. Traditionally, the financier agrees to advance money to the seller against each invoice. The buyer who purchased the seller’s products must then pay the invoices directly to the financier. Its based on investor purchasing invoices from the seller. In return, the investor agrees to advance money to the seller against each invoice. The buyer who purchased the seller’s products must pay the invoices directly to the investor. The global market for invoice financing is valued at approximately US$2.85 trillion.

Invox Finance will charge sellers a processing and administration fee equivalent to 1.1% of the face value of each invoice registered on the platform. This is to be paid in Invox Tokens. A large proportion (approx. 91%) of this revenue will be used to reward buyers and sellers for the verification and payment of invoices. Invox Finance will charge investors a processing and administration fee equivalent to 3.3% of each advance amount. This is to be paid in Invox Tokens. An amount of Invox Tokens equivalent to 0.5% of each advance amount will be placed into the Invox Finance Self-Insurance Fund. The mandate of this fund will be to accumulate and maintain a buffer in Invox Tokens to provide members with self-insurance services and provide funds for debt recovery and enforcement. Third parties who provide value to the Invox Finance Platform (for example, credit rating agencies) may be charged to use the Invox Finance Platform. Third parties that wish to access the Invox Finance Platform to provide services to its users will be charged accordingly in Invox Tokens.

Many businesses, especially small businesses, involved in the supply of goods and services struggle to stay afloat due to cash- ow problems. They are unable to meet day-to-day expenses and commitments as there is a lack of cash being generated on a regular basis. Each business has different arrangements with its various contractors and employees. Often businesses will receive payments for their goods and services monthly, but in the meantime, it will be necessary for them to meet their weekly or fortnightly expenses, such as employee salaries. We will refer to the invoice financing facilities, where investors advance funds to the sellers against their issued invoices as “invoice lending” or “invoice loan” or “lending”

All-In-One Solution

Project Team & Advisors:
Meet the Invox Finance Team – The experts bringing you invoice lending on the blockchain.

Tokens Details:
Use Case:
Access: Join the platform as a seller by holding Invox Tokens.
Rewards: Get rewarded in Invox Tokens whenever you verify or pay invoices.
Fees: Invox Tokens are used by sellers and investors to pay their respective fees for access.

Token Type Utility token
Token Ticker INVOX
Emission Rate No new coins will ever be created after the ICO.
Token Network Ethereum (ERC20)
Distribution Tokens will be distributed 14 days after the token sale ends.
Token Value 1 ETH = 10,000 INVOX + any bonuses

Verdict:
A small business can accelerate its cash flow by selling its invoices to a financier and in return, obtain immediate cash. Invoice financing can be the best short-term funding solution, provided that it is used only when the funds are required to smooth periodic cash- ow bumps. Invox Tokens will grant the owner the right to access the Invox Financial Platform through the Trusted Participant Program. Participate in two stages of Invox Finance fundraising, you will be given the opportunity to purchase Invox tokens at a discount.

Important links:-
Website: https://www.invoxfinance.io
Whitepapper: https://www.invoxfinance.io/docs/Invox-Whitepaper.pdf
Telegram Group: https://t.me/InvoxFinanceCommunity
Twitter: https://twitter.com/InvoxFinance
Facebook: https://www.facebook.com/Invox-Finance-162381191061327/
ANN thread: https://bitcointalk.org/index.php?topic=3048498.0

Zloimops

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