ModulTrade — The Secure Payment Instrument

ModulTrade is a smart-contract blockchain-based ecosystem where MSMEs can meet, commit and​ ​execute​ ​trade​ ​globally,​ ​easily,​ ​trustfully​ ​and​ ​efficiently. ModulTrade’s Value Ecosystem (​ MVE​ ) is based on MSP (multi-sided platform), which aims to 5 create​ ​value​ ​through​ ​the​ ​network​ ​effect​ ​for​ ​the​ ​following​ ​three​ ​main​ ​constituents:

Trade​ ​counterparties (users)

model​ ​of​ ​trust​ ​in​ ​B2B​ ​trade​ ​cycle​​ ​while​ ​simplifying transactions​ ​execution​ ​and​ ​decreasing​ ​its​ ​costs.
instrument​ ​for​ ​value​ ​exchange​ ​-​ MTRc 6.
trade​ ​financing​ ​in​ ​MTRc​​ ​to​ ​enable​ ​transactions.
reputational network to leverage network collaboration​ ​based​ ​on​ ​reputation​ ​capital​ ​of​ ​users.
global​ ​marketplace​​ ​for​ ​optimal​ ​choice​ ​of​ ​counterparty and​ ​price.

3rd​ ​party​ ​trade-related service​ ​providers; global​​ ​marketplace​ ​where​ ​trade​ ​services​ ​meet​ ​tradeparticipants

3rd​ ​party​ ​trade​ ​software developers; platform​ ​for​ ​trade​ ​solutions​ ​development​​ ​on​ ​thebase​ ​of​ ​MTRc​ ​functionality

Problems & Solutions

ModulTrade addresses the needs of small enterprises by eliminating the traditional barriers for entry in the global trade:

Lack of trust.
High entry costs.
Complexity of trade related operations.

ModulTrade connects small enterprises to global trade via four main components:

Blockchain based Smart-contract platform.
Trade related services platform.
Trade & Reputation Network.
Marketplaces.

ModulTrade​ ​aims​ ​to​ ​eliminate​ ​the​ ​main​ ​barriers​ ​for​ ​entry​ ​into​ ​global​ ​trade​ ​as​ ​well​ ​as:

bringing​ ​together​ ​a​ ​comprehensive​ ​range​ ​of​ ​services​ ​for​ ​the​ ​full​ ​B2B​ ​trade​ ​cycle;
helping MSMEs meet, commit and execute trade globally easily, in a trustful and efficiently​ ​manner.
Introducing the MTRc (​ModulTrade token​) as an efficient instrument of value exchange in​ ​ModulTrade​ ​ecosystem.

ModulTrade’s Value Ecosystem (“MVE”), the economic catalyst for democracy in global trade Leveraging on smart-contract blockchain-based technology, ModulTrade will build a value ecosystem for global trade, i.e. a digital networked value structure that is real-time, global, connected, digital and cost-effective, with features to support further fintech solutions developed by third parties.

This solution will enable MSMEs to increase their revenues whilst reducing the costs of global trading. It will also enable third party developers / service providers to gain access to a wider target of users / clients, while reducing development and user acquisition costs. In this framework, the MTRc will be used as a key for the users to connect to the global trade network and to transact in ModulTrade​ ​ecosystem.

ModulTrade smart-contract platform (“MTP”), the backbone of MVE The main function of MTP will be to replicate banks’ trade finance instruments such as Letters of Credit​ ​(​ LC​ )​ ​and​ ​Bank​ ​Guarantees. MTP will provide this functionality to MSMEs at a negligible price (cost of smart-contract execution on blockchain) if compared to 4–15% of the transaction amount charged by banks at the​ ​moment.

1. Buyer​ ​and​ ​Seller​ ​agrees​ ​on​ ​the​ ​trade​ ​and​ ​create​ ​a​ ​Smart-contract​ ​in​ ​the​ ​MTP.
   2.MTP​ ​blocks​ ​money​ ​on​ ​the​ ​Buyer’s​ ​account​ ​to​ ​guarantee​ ​the​ ​payment​ ​upon​ ​delivery.
   3.MTP​ ​instructs​ ​bank​ ​to​ ​reserve​ ​funds​ ​on​ ​the​ ​Buyer​ ​account/Credit​ ​card;​ ​OR.
   4.MTP​ ​reserves​ ​funds​ ​in​ ​cryptocurrency​ ​within​ ​the​ ​smart-contract.
   5.The​ ​Seller​ ​sends​ ​goods​ ​via​ ​logistic​ ​company​ ​and​ ​submits​ ​Tracking​ ​number​ ​to​ ​MTP.
   6.Upon Buyer’s receipt of goods, (Tracking delivery matches the address of the Buyer indicated​ ​in​ ​the​ ​Smart-contract)​ ​MTP​ ​instructs​ ​release​ ​of​ ​payment​ ​to​ ​the​ ​the​ ​Seller.

Evolution ​​of ​MTP
The next development stages will include integration of 3rd party service providers on ​the level of active participants of the blockchain network forked by MVE​. This integration will include functional​ ​agents​ ​such​ ​as:

Insurance​ ​providers.
Trade​ ​financing​ ​lenders.
Logistics​ ​and​ ​shipment​ ​providers.

Trade guarantee & financing in MTRc

One of the main obstacles to participate in trade is the need for financing, both on sell and buy side. Globally, 56% of MSME trade finance proposals are rejected, compared to only 7% for multinational​ corporations. 15.

To facilitate trade transaction within MVE ModulTrade addresses the existing need of small enterprises’ via Reputational Network. Funds and guarantees will be granted to MSMEs​ ​in​ ​MTRc​ ​on​ ​the​ ​base​ ​of​ ​their​ ​Reputational​ ​Capital​ ​for​ ​the​ ​period​ ​of​ ​up​ ​to​ ​30​ ​days.

Credit lines and related fees will be established on the reputation capital built by the enterprises (which in its turn is function of the network recommendations, as assessed by ModulTrade’s Reputation​ ​System).
● Every​ ​new​ ​user​ ​which​ ​got​ ​recommendations​ ​from​ ​7​ ​reputable​ ​established​ ​MVE participants.

The​ ​amount​ ​of​ ​credit​ ​lines​ ​will​ ​be​ ​a​ ​function​ ​of

● Application​ ​order​ ​(according​ ​to​ ​the​ ​“first​ ​comers​ ​get​ ​more”​ ​principle)
● User’s​ ​Reputation​ ​Capital

Every​ ​MTRc​ ​holder​ ​will​ ​be​ ​able​ ​to​ ​use​ ​Reputational​ ​Network​ ​infrastructure​ ​to​ ​provide​ ​MTRc​ ​for​ ​a
fee​ ​to​ ​guarantee​ ​and​ ​finance​ ​the​ ​trade​ ​in​ ​MVE.

To support MTRc liquidity and turnover within MVE ModulTrade will establish several levels infrastructure​ ​which​ ​will​ ​include :

● Bancor​ ​protocol​ ​mechanism
● MTRc​ ​exchange​ ​by​ ​ModulTrade
● MTRc​ ​placement​ ​with​ ​existing​ ​crypto-exchanges
Use of Bancor protocol will establish MTRc liquidity in advance to its appearance on crypto-exchanges.

Token Information

Token Symbol : MTRc

Token Type : ERC20

Token Price : 1 MTRc = 1ETH/700

Accepted Currency : ETH & BTC & LA & FIAT

Soft Cap : 5 000 000 MTRc

Hard Cap : 30 000 000 MTRc

Bonus & ICO Date

CLICK LINK BELOW FOR MORE

ModulTrade Site : https://en.modultrade.io/

ModulTrade ANN : https://bitcointalk.org/index.php?topic=2240518

ModulTrade Bounty : https://bitcointalk.org/index.php?topic=2385099.0

ModulTrade Whitepaper : https://en.modultrade.io/ModulTrade_White_Paper.pdf?v1

Profile bitcoin : https://bitcointalk.org/index.php?action=profile;u=1564092

ETH Addr : 0x986aefF301f024E440aF1Fdd4D7e845a049a0582