MODULTRADE - DEMOCRATIZING GLOBAL TRADE WITH BLOCKCHAIN TECHNOLOGY
The Modultrade platform focuses on a wide range of services, including the implementation of B2B scheme, providing the ability to trade efficiently and reliably through the elimination of traditional trade patterns. In addition to trade, the platform offers such services as logistics, taxation, insurance, accounting. It is also possible to attract investments in trade.
Modultrade is based on the blockchain technology and works through smart contracts. It allows establishing the ecosystem functioning as a digital secure platform with global connections all over the world. A user is able to work with the application either through a desctop PC or via an application for a smartphone.
Modultrade has its own cryptocurrency - MTR tokens, based on the ERC-20 standard. The main crowdsale starts on November 28, 2017, and lasts for two months - until January 27, 2017. It is planned to release a total amount of 40 million tokens. The released tokens will be distributed as follows: 40% are for sale (10% during the pre-ICO and 30% during the main crowdsale), 18% - for team support, 22% - for ecosystem maintenance and current expenses, 20% - for further development of the platform.
It will be possible to purchase 700 MTR tokens for 1 ETH. The minimum amount of purchases by the platform is not limited. Modultrade acceptes such currencies as ETH, Bitcoin, Fiat. There is a bonus system on the platform: a discount of 3% is granted for purchasing tokens on the sum of over 10 ETH, 5% is granted for purchasing tokens on the sum of over 100 ETH and 10% is granted for purchasing tokens on the sum of over 1000 ETH.
The Modultrade platform strives to make the work in the ecosystem convenient and safe. For this purpose, the creators implement such functions as the ability to track the supply chain of goods, i.e. in real time, a user is able to see the stage of delivery of goods, the ability to work through factoring.
The principles of the Modultrade platform are as follows. At the first stage, a seller and a buyer sign a smart contract. Further, in the second stage, the funds are blocked and a seller can calmly send goods to a buyer. There is always an opportunity to track the delivery of goods through smart contracts. At the third stage, after the goods are delivered, they are paid. Thus, the Modultrade platform provides safe, effective and easy trading for both parties of the transaction.
It should be noted that the work of the platform is focused, first of all, on the segment of small business. It's no secret that it is very hard for small businesses to survive in trade. This is preliminary due to the lack of trust, the high costs of registering and opening an enterprise, the complexity of logistics, etc. The ModulTrade platform unites small enterprises that trade on a large scale, with four main advantages:
- Safe work of the platform on the blockchain technology;
- Availability of smart contracts;
- Large range of trade services;
- Entering large markets.
To date, the platform has more than 400 million micro, small and medium-sized enterprises all over the world. The number of platform users continues to grow as the ecosystem provides the stability and guarantees. The trust and transparency of transactions are strengthened in the market and Modultrade is gradually moving from local level of work to global level. Thus, the platform serves all enterprises regardless of the level of development, capital, etc., providing them the opportunity to develop and minimize their costs. Transaction fee within the platform is only 1% in comparison with the standard sizes of from 4 to 15%.
In the future, it is planned to implement the possibility of issuing bank guarantees and making settlements through letters of credit within the framework of the platform.
Thus, the Modultrade platform creates not only advantageous opportunities and not only for registered users of the ecosystem, but also contributes to the development of new technologies, the development of trade in general by providing a network platform for service providers.
Webpage: https://modultrade.io/
White Paper: https://modultrade.com/img/ModulTrade_White_Paper.pdf
Author: https://bitcointalk.org/index.php?action=profile;u=980049