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ModulTrade

Ended
Ended: Jan 27, 2018

Democratizing Global Trade with Blockchain Technology

A user platform aiming to add trust into the B2B trade cycle, simplify the execution of transactions, and decrease their costs. Exact sales dates TBA.

Democratizing global trade with blockchain technology.

ModulTrade is a blockchain ecosystem for B2B trade where small enterprises can meet,commit and execute trade globally easily, trustfully and efficiently.

Democratizing global trade with blockchain

A smart-contract open ecosystem providing small businesses access to global trade by using a crypto token for payment or borrowing.

Democratizing global trade with Blockchain technology

ModulTrade is on a mission to democratize global trade through the creation of a new digital marketplace, where micro, small and medium enterprises (MSMEs) can trade with ease and freedom. The team has identified and addressed the needs of MSMEs by building a solution that eliminates the traditional barriers for entry in global trade, such as lack of trust, high entry costs and the complexity of trade-related operations.

Website

modultrade.io

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Intro Video

ICO Details

Ticker Symbol:
MTRC
Platform
Ethereum (ERC20)
Accepts:
ETH, BTC, LA, Fiat, FIAT
Soft Cap:
7,150 ETH
Hard Cap:
42,900 ETH
Country:
UK
Total supply
100,000,000 MTRC

Public Crowdsale

Ended
Date Sale:
Nov 28, 2017 — Jan 27, 2018 @ 60 days
Sale Avalable Tokens:
40,000,000 MTRC @ 40.0%

Token distribution

Phase 4: 5.0%
Product 20.0%
Team undefined Advisors 18.0%
Ecosystem 32.0%
Phase 1: 25.0%
Phase 3: 10.0%
Phase 2: 15.0%
Distribution 30.0%

ICO Overview

About ModulTrade What is ModulTrade about? Including small business to global trade: About 400 million micro, small and medium businesses worldwide will be able access global trade in an easier, trustful and more efficient way with ModulTrade smart contract blockchain-based trading platform, ultimately lowering their costs and boosting revenues. Rethinking global trade: An open ecosystem of traders, service providers (logistics, insurance, tax, etc.) and third party developers will be available to businesses, who will be able to meet trade counterparties, commit trade agreements easily and trustfully and execute trade real-time and globally, in a depersonalized and cost-effective way. Making a new currency available for global trade: Modultrade will issue the MTRc (ERC-20 Ethereum-based token), a crypto token which will run as a complementary currency for global trade on the smart contract platform. Thanks to the MTRc every business with a smartphone will be able to access to global trade (trade enabler), every service provider will be able to provide their services on ModulTrade platform (service enabler) and every software developer will be able to build their applications on the top of ModulTrade platform (3rd party application enabler). The MTRc can be used for paying products and services on the platform along with other currencies and it will be used for charging trading fees and usage fees for third parties’ services / solutions available on the platform. Business will be able to borrow in MTRc, also based on their reputation. Why ModulTrade and why the MTRc? The current system doesn't work well: The current trade finance system (e.g. letters of credit) is inefficient and it favours large corporates who have the scale / volumes to support a daunting process, while smaller business are left out of global trade for the prohibitive costs. As a result, 56% of SME trade finance proposals are rejected (large corporates face rejection rates of 34% and multinational corporations are rejected only 10% of the time). ModulTrade will empower small businesses: Smart contracts will replicate on ModulTrade platform such instruments like the Letter of Credit at a lower cost. In this way, small businesses will no longer need to apply to a bank for letters of credit or similar guarantees. ModulTrade will streamline global trade: Smart contracts will be used on ModulTrade platform to replace time-consuming workflow processes, dramatically reducing costs. Complex cross-border deals and their related services (e.g. freight tax, insurance, etc.) can be done without a dedicated office department, but simply with few touches on a smartphone. The costs of searching a reliable counterparty and of connecting with a network of businesses will fall significantly. With the MTRc it will be easier to trade and to develop new fintech solutions: With the MTRc every user will be able to execute trade real-time, globally and in a cost-effective way. Every developer will be able to avoid incurring big development costs by leveraging on ModulTrade platform’s technological infrastructure, whose usage will be charged to the end user. ModulTrade and the MTRc will help customers solve the problem of lack of trust and non availability of credit for micro and small businesses, underserved by today’s banking system; in short, they will democratize global trade!

A smart-contract open ecosystem providing small businesses access to global trade by using a crypto token for payment or borrowing.

ModulTrade Value Ecosystem (MVE). will democratize global trade by connecting the heart of Blockchain functionalities (i.e. trust and democracy) to real life trade transactions within the enterprises’ supply chains globally.

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Team

Karthikeyan Kaliyape...
Co-founder/CTO
Karthikeyan Kaliyaperumal
Co-founder / CTO
Dmitry Shipilov
Product development / Technical lead
Fedor Sapronov
Co-founder / Business development
Alexey Kosinski
Product development / Blockchain developer
Artem Radchenko
Product development / Product Designer
Vitaly Pykhtin
Product development / Market lead
Olya Kolomoets
Product development / Project Manager
Volodymyr Zinchenko
Product development / Full-stack developer
Evgeny Kaplin
Co-founder / CEO
Jean Chaanine
Co-founder / COO
Marco Rosso
Co-founder / Product Development

Advisors

Angelica Lips Da Cruz
Advisor
Richard Watts
Advisor
Valentin Preobrazhenskiy
Advisor
Andrea Monaco
Advisor
Bernard Lietaer
Advisor
Dmitry Lazarichev
Advisor
Richard Schwenke
Advisor
Andrea Costantini
Advisor

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