Invox Finance ICO
Invox Finance is a decentralized blockchain based platform that focuses on reinvention and reshaping the system of traditional invoicing.
|ICO Name||Invox Finance|
|Description||Invox Finance is a decentralized blockchain based platform that focuses on reinvention and reshaping the system of traditional invoicing.|
|White Paper URL||https://invoxfinance.io/docs/Invox-Whitepaper.pdf|
|ICO Launch||2018/04/15 05:00|
|ICO Closing||2018/04/14 05:00|
|Token Platform||ETH (ERC20)|
|Coin Price||USD 0.08500|
|Funding Cap||20,000 ETH|
|Coins Offered||55% of 464.00 M|
What Is Invox Finance?
Invox Finance is a decentralized blockchain based platform that focuses on reinvention and reshaping the system of traditional invoicing. It’s a product of ABR Finance Pvt. Ltd. The company is based in Australia. The platform intends to develop a marketplace where sellers, investors, and buyers are directly connected to each other. The platform enables users to create ethereum based dynamic invoices. The platform is based on ERC20 utility tokens which can be used to access the platform via trusted members program. These tokens are also given as rewards to the users of the platform including sellers and buyers for the verification of invoices raised for sold items, payments, and settlements.
Invox Finance is a blockchain based decentralized invoicing platform that intends to bring innovation in the traditional invoicing system by introducing blockchain and ethereum based smart contracts technology. Traditional invoicing involves three parties, the seller, the financer, and the buyer.
Let’s understand it following a simple example.
Mr. A (buyer) bought some goods from Mr. B (seller) on credit basis and agrees to settle down the invoice within 15 days. However, Mr. A is in need of some quick cash, therefore, Mr. A comes to Mr. C (financer/investor) and discounts the invoice from him receiving cash immediately. Now, Mr. C reserves the right to receive the money owed to Mr. A. After 15 days, Mr. A would need to pay to Mr. C the pending dues. This sometimes could be frustrating for people and creates some sort of concerns as to why I should be paying to some third party I even don’t know.
Invox Finance transforms this traditional approach of financing by introducing blockchain technology where buyers, financers, and sellers are directly connected to each other. The platform also rewards the involved parties with its ERC20 tokens for the settlements and verification of invoices. In short, the platform helps the entities to increase their cash flow. It also plays a vital role in developing trust between buyers, sellers, and investors. People paying their debts to investors know exactly why they are paying the money to the third party and to whom.
How Does Invox Financing Work?
The platform uses ethereum and blockchain technology. Dynamics invoices are generated using ethereum based smart contracts. Entities involved in a transaction can directly connect to each other to share and distribute the information. This way time and risk involved in settlement of invoices is significantly reduced. All parties intending to use the platform need to download the Invox Finance App from the Google Play Store or App Store for their android and iOS based mobiles and tablets. After downloading the app, users can access the list of investors willing to discount the invoice, sellers can choose to get the invoice discounted from the investor offering lowest rates. As soon as that transaction occurs, all involved parties receive the intimation.
Earn Invox Finance Tokens
To earn Invox Finance tokens people need to contribute in the pre-sale of crowd sale of the ICO. The pre-sale of the ICO is currently in progress. Those who wish to earn Invox Finance tokens can participate in it. By contributing to the pre-sale of the ICO people can earn Invox Finance tokens with an added bonus of up to 30%. The pre-sale of the ICO will end in about one day i-e March 24th, 2018.
Buy Invox Finance Tokens With E-Walltes
People can use their E-wallets to buy Invox Finance tokens. All those who wish to buy Invox Finance tokens need to have an e-wallet since it is required to send ethreum and receive Invox Finance tokens. All tokens will be distributed 14 days after the token sale if the ICO ends.
The ICO Distribution
The ICO plans to launch its token sale on April 15th, 2018. It will last for about a month. The ICO will end on May 14th, 2018. There will be a total of 464.00 M tokens out of 55% will be offered to the public to subscribe. The ICO will observe a hard capping of 20,000 ETH which equates to $17 Million. The soft capping of the ICO is, however, not available. The starting price of the ICO is expected to be USD 0.08500.
The ICO plans to distribute its token under the following proportion;
- 45% tokens will be distributed to the Marketing Team of the ICO
- 20% tokens are planned to be distributed to the Investment Fund of the ICO
- 15% tokens are planned to be distributed to the Development of the System
- 19% tokens are planned to be distributed to the Services offered by the ICO
- 1% tokens are planned to be reserved to meet the Miscellaneous Expenses of the ICO
The ICO hasn’t shared any information concerning the fund’s allocations as yet. We hope that in near future, the ICO will definitely present some information about its prospected usage of funds, we’ll keep reviewing that and will post the information here as soon as it becomes available.
The ICO also plans to offer bonuses to its early contributors in the following proportion;
- 30% bonus will be offered to the people contributing in the pre-sale phase of the ICO
- 20% bonus will be available for those who buy Invox Finance tokens in the first two days of the launch of the ICO
- 10% tokens are planned to be offered to people buying ICO tokens between the 3rd and 5th day after the ICO is launched.
- 5% tokens will be made available for those who contribute in the ICO from April 20th, 2018 to April 30th, 2018.
No bonus will be offered to people purchasing Invox Finance tokens after April 30th, 2018.
The ICO has following core team members;
- Alex Mezhvinsky: Co-Founder.
- Adam Mezhvinsky is the Co-Founder of the ICO
- Daniel Tang is also the Co-Founder of the ICO
- Victoria Mezhvinsky is the Legal Counselor of the ICO
- Jose Luis Ramirez Lucas is the Cullentware Engineer at Invox Finance
- Lucas Cullen is the Solidity Developer at Invox Finance
- Henry Sit is the Manager for Business Development at Invox Finance
- Jordan Gifford-Moore looks after International Operations at Invox Finance
Invest In Invox Finance
After a careful review of the ICO, we hereby conclude that Invox Finance is one of the best ICOs we have reviewed ever. The concept of the ICO is very appealing. The platform intends to bring revolution in the contemporary fiancé invoicing structure which is well appreciated amongst the masses. We believe Invox Finance is going to be the market leader in the invoice discounting and lending platforms. We suggest people should definitely take a chance and invest in Invox Finance.