FinWhaleX – Bringing Together Private Investors and Borrowers


A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, FinWhaleX, a P2P lending platform that provides access to credit in any place and at any time on the basis of blockchain technologies, machine learning and Big Data has arrived.

“The rise of the blockchain has caused a boom in financial service offerings. When identifying fintech and blockchain’s intersection, it’s tough to ignore how the technology is transforming lending.

People who are otherwise shut out of the lending marketplace now have more opportunities to extend their credit. Platforms to help borrowers manage their past, present, and future credit are on the rise. Blockchain has inspired the creation of many new services that could significantly change the way everyone in the finance landscape thinks about lending.”

With that being said, FinTech’s unprecedented boom has turned China into one of the world’s largest online markets for alternative financing in terms of transaction volume, with P2P lending at the forefront of the growth sector.

Now that I have your attention, let’s get right to it.

What exactly is FinWhaleX?

As depicted above and as indicated on the official website of FinWhaleX, FinWhaleX – is P2P lending platform that provides access to credit in any place and at any time on the basis of blockchain technologies, machine learning and Big Data.

In addition, The world’s first P2P credit platform, Zopa, was launched in 2005 in the UK, and since then, P2P platforms have achieved extraordinary growth and have become a vast global industry. This is not surprising, since it is able to provide 2 billions access to credit throughout the world.

However, no region in the world even came close to such an explosive and unprecedented growth in P2P lending, which was noted in the world’s second largest economy: China.

In 2007, China first released the P2P platform, and by 2013, that number had soared to 800. By May 2018, 6,142 platforms were operating in China.

In 2016, over 3.4 millions investors were registered on China’s P2P platforms, while the increase in the amount of capital involved in P2P lending increased from 21 billions Yuan (3 billions US dollars) in 2012 to 1,411 billions Yuan (216 billions US dollars) in 2016.

Growth of P2P platforms in the West: in 2016 in the UK there were only 9 authorized companies offering crowdfunding platforms based on loans, in the European Union there were 24 platforms with a volume of 3.2 billions Euros, and in the USA – 25 with a volume of 29 billions dollars. According to Dr. Chuanman You, a FinTech expert based at Tel Aviv University, loans emerged in the Oxford Capital Markets Law Journal report on the recent development of FinTech regulation in China.

China’s phenomenal growth in the P2P lending industry is due to both insufficient financing of small and medium-sized enterprises (SMEs) and low-income households by traditional banking institutions, and, on the other hand, high return on P2P investments. According to Dr. You, the lending industry has attracted capital like private and institutional investors.

While financial constraints for SMEs and low-income households are a global problem, the problem is exacerbated by the dominant economic structure of China’s state-owned enterprises combined with repressive financial policies.

In 2016, almost 50% of Chinese P2P platforms were problematic, often fraud, flight of funds, and illegal fundraising were reported. By May 2018, about 2058 platforms encountered liquidity problems or other more serious problems.

China’s initial lack of a comprehensive regulatory regime has contributed to the phenomenal growth of P2P platforms, but it also generated huge market risks that could jeopardize the sustainable development of the industry.

How FinWhaleX Works?

FinWhaleX is a P2P credit lending platform that provides access to loans anywhere and anytime. Let’s take a look at how this works. In order to apply for a loan, the borrower must first set the parameters for the loan. These include the amount, interest rate, loan term, etc. Sometimes the company recommends evaluating the parameters of other applications in order to more easily navigate the process and select the most advantageous offers.

In addition, there are options for choosing an application for a loan on bail. Two ways can be offered for this. First, you can place an application for secured lending. This method is more attractive. Second, you can transfer the required amount of collateral after the lender accepts the application. The commission for filing a loan application is 0.5% of the amount depending on the loan term.

You Place a Loan Application

When creating your loan application, the Borrower set the parameters at its choice (amount, interest rate, period, etc.). We recommend evaluating the parameters of other applications already placed on FinWhaleX – lenders choose the most profitable applications for themselves. You can choose when to secure a loan application with collateral. There are two available ways. On the one hand, you can place the collateralized loan application which is more attractive for creditors. On the other hand, you can transfer the necessary amount of the collateral after the lender accepts your application. When placing the loan application, you need to pay a transaction fee in amount of 0.5% of the loan amount depending on the loan period.

Lender Accepts Your Loan Application

All creditors guarantee to fulfill their obligations for the accepted applications. After the lender accepts the application, FinWhaleX will generate a special multisig-address where your collateral (bitcoins) will be stored until the end of the loan period. Each party owns only one Private key for the multisig-address. Multisignature (multisig) refers to requiring more than one Private key to authorize a Bitcoin transaction. It guarantees that no one is able to access the collateral owning just one Private key.

You Return The Money Within The Term of The Loan

After repayment of the loan, you automatically return the deposit to yourself. No one can use your bitcoins until the loan is repaid – they are frozen in a special wallet. You can not return the loan, if it is not profitable for you. If the rate of bitcoin has not risen or fell, then you can refuse to repay the loan. In this case, the collateral simply goes to the lender, and your loan obligations are repaid.

Token Details

Token name: FinWhaleX

Symbol: FWX

Type: ERC20

Platform: Ethereum

Token Distribution

56% for sales

17% for teams and advisors

15% reserve

12% Marketing and PR

About The FinWhaleX Token

FWX token is a utility token implemented according to the ERC-20 standard on the Ethereum blockchain.

Holders of tokens have access to the platform, increased scoring score for the loan, the possibility of taking a loan and lending to other users.

All transactions within the platform will be conducted only through the FWX token. For example, the issuance of a loan secured token FWX.

The FWX Token will allow its owner to use the FinWhaleX platform to take out a loan and lend to others.

Token provisioning

After the IEO, the token will be available on the main crypto exchanges. The main functionality of the platform will be available only for the FWX token. All transactions of the loan process will be made through the user’s wallet on the FWX platform in FWX, thereby ensuring the filling of the purchase glass on third-party exchanges. Further partnerships with exchanges / digital goods platforms will also be made via the FWX token.

Token distribution

Price: 0.00000001BTC

Seed round: 11,700,000,000 FWX

Private round: 45,500,000,000 FWX

Public round: 15,600,000,000 FWX

Token sale: 72,800,000,000 FWX

Team + Advisor: 22,100,000,000 FWX

Reserve: 19,500,000,000 FWX

Marketing:15,600,000,000 FWX



The emergence of an idea about p2p lending based on blockchain technology, smart contracts


Market and competitive environment

analysis 01.2019 Concept

development, platform architecture FinWhaleX


Platform prototype implementation


Private round of financing, demonstration of the platform concept and prototype.

Hiring a development team to implement the product.


Presentation of the platform at the conference Russian Tech Week-2019.

Start of development of the platform:

smart contracts / crypto-wallets

web interface / backend.

Mobile application


Launch of the beta version of the platform.


Launch of the platform with the functionality of issuing loans secured by BTC and ETH, verification of user documents, referral system.


Launch of Liquidity Provider functionality to provide liquidity for cryptocurrency exchange traders. IEO FinWhaleX.


The first release of the mobile application for the Android / iOS platform.


Obtaining financial licenses for working with fiat currencies.

Launch FWX Scoring technology.


Adding to the platform of a new type of collateral – tokens Ethereum ERC-20


Adding a new type of collateral platform – tokens EOS


Adding a new type of collateral platform – tokens Tron TRC-20


Listing token FWX 5 kriptobirzhah


Adding to the platform A new type of collateral – digital assets Steam Market (TF2, Dota 2, CS: GO)


Getting the platform started to work with pawnshops.

The release of a mobile application with the support of a new type of collateral.


Start of operation of the platform with fiat currency.

The release of a mobile application with support for working with pawnshops.


Run the issuance of loans without collateral.

Mobile application release with support for fiat currency.


Release of a mobile application with support for issuing loans without collateral.


Launch of products based on Big Data.


Vladimir Egorov


18 years in leadership positions. In 5 years the financial sector in the field of loans and investments. From the management of micro financial services company to build from scratch a network of online pawn shops.

Artur Vartanyan


More than 14 years in the of information technology. Development and implementation of the first public services in the Russia. Automation of a large number of Telecom and financial companies in their industries.

Aldar Sandanov


From 2008 to 2016, he headed the IT Department at Promregionbank. He was responsible for the current operations of all Bank’s information systems, involved in creating the IT development and security strategy.

Viktor Egorov


Over 13 years of experience in leadership positions. 10 years in sales, 3 years in the financial sector in the field of loans and investments. Achievement of leading positions at the head of departments.

Paddy Tan


Founder at InterVentures Asia. He is armed with vast experience in identifying startups from an idea to mentoring, funding and acquisition stage.

Glen Liu


CEO at BlackBox labs. Glen engages clients on multiple strategic levels, providing them with network access and digital solutions required to deploy and commercialize businesses.

Andrei Ivanov


Over 14 years of experience in leadership positions. Development Planning and Optimization of the company’s expenses. The increase in sales of related services. The interaction of government agencies. Achieving high levels in the market of his companies from scratch.

Sergey Sevantsyan


He regularly serves as a keynote speaker at international events. Investment Relations Manager at KryptoPal. Scorer and analyst of the ICO project in Neironix. Market Research Manager at ENVIENTA. International Investment Relations Manager at DEEX exchange.

Anastasia Leina


In advertising for more than 10 years: from the designer of the printing and fashion industry to the financial sector. Advertising Department of the financial organization for 5 years.

Kirill Kvan


Over six years of experience in Internet marketing. He has an excellent track record, including over 100 successful advertising campaigns for ForteBank, Tutti Frutti Frozen Yogurt,, and many other companies.

Mikhail Vinertsev


From 2011 to 2016, he worked at Promregionbank. He started as an IT department specialist and later was promoted to the Head of the IT Department. 5 years of experience in blockchain development.

Alexey Pronin


In 2014, he joined Synthesis of Intelligent Systems as a front-end developer. He is fluent in a number of languages such as HTML, C#, PHP, JavaScript, and NodeJS.

Aleksandr Bragin


He graduated from the Institute of Energy (Tomsk Polytechnic University) with a degree in Electrical Power Engineering and Electrical Engineering. From 2014, he worked as an front-end developer for the R70 Web Studio..

Igor Sakovich


Extensive experience developing mobile applications for Android / iOS, as well as more than a year of experience with Flutter. He is fluent in programming languages Java, Kotlin, Swift, Objective-C, Dart.

Aleksey Afonin


The main directions in the projects are corporate portals, web aggregators, financial dashboards, monitoring analytical systems.

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

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Author: Cryptoholical

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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.


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