ModulTrade — The Freedom to trade global with technology blockchain! ICO IS LIVE NOW!!!
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The global world is growing day by day, and with it the number of micro, small and medium enterprises (SMEs) in the world is growing very rapidly. The most important issue for all these things is that it is almost impossible for Shan to buy or sell anything directly to each other. The only way to do B2B trading for them is to use the banking system. And that means paying a very high commission, dealing with lots of papers and formality, and a lot of time lost in the process. It is also known that about 56% of SME financing is caused by various causes and because of many difficulties. If you have tried to do such a trade with someone elsewhere in the world, you can still see that you are part of a sense of past trading. Doing your business in this way is very slow, unreliable and expensive. Now if you want to be able to fight this scheme and do something new, ModulTrade will tell you a little about what it is. Http: //modultrade.io/
What Is ModulTrade ?
ModulTrade is an easy-to-use and block-based B2B trading platform that serves as a base for micro, small and medium enterprises (SMEs). There are smart contracts that are the basis of direct spending, and the MTRc (Trend tokeni-based ERC-20 Ethereum Trade Tracking Module) is a payment instrument. The smart contract creates an important trust contract in the system. ModulTrade, one of the pioneers in this field, plans to contribute to the commercial and financial sectors by combining millions of SMEs and giving them the option to do business reliably, easily and efficiently.With the ModulTrade platform, all transactions will be 100% secure, efficient, fast and reliable. Probably the best part of Module Trading is the average commission fee taken by the bank is 15%, but here it is only 1% fee. The ModulTrade team offers full support to traders with all departments of commerce. You can trust this palmtop for Logistics, Payments, Insurance, financing, taxes, bookkeeping and more.
The problems faced by MSMEs so that they can not compete and enter the global market are:
- Lack of trust.
- High entrance fee.
- Difficulties In terms of access to funding
- Create a network of MSMEs partnerships
- The complexity of trade-related operations.
Tee Solution Proposed By Modultrade
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; and
- Introducing the MTRc ( ModulTrade token ) as an efficient instrument of value exchange in ModulTrade ecosystem.
ModulTrade smart-contract Platform (“MTP”)
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.
In this example of trade process banks provide trust into B2B trade cycle as a 3rd party with the “proven” reputation which community can trust. Banks guarantee that upon goods are delivered money will be paid to the Seller.Banks take charge for providing Trust and for avoiding Manipulation.
- Buyer and Seller agrees on the trade and create a Smart-contract in the MTP
- MTP blocks money on the Buyer’s account to guarantee the payment upon delivery ; MTP instructs bank to reserve funds on the Buyer account/Credit card; OR MTP reserves funds in cryptocurrency within the smart-contract
- S The Seller sends goods via logistic company and submits Tracking number to MTP
- 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
Revolution of MTP
The next development stages will include integration of 3rd party service providers on t he 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
The ModulTrade Crypto Token (MTRc), an ERC-20 token issued on Ethereum, is a key element of the new ModulTrade’s B2B multi-sided platform, that enables its users to connect to the ModulTrade platform and its ecosystem and to effect transactions.MTRc shall be a premined token that will be distributed only during the pre-sale and Tokens sale campaigns. Therefore, the number of MTRc tokens will be fixed starting end of November, 2017 which will be guaranteed by the token smart contract.Demand for MTRc is expected to be driven by MVE and by ModulTrade network growth. The more trade transactions are carried out through the ModulTrade network, the more MTRc demand will increase, thus improving the trade flows served within MVE
Distribution planThere will be a limited supply of 100 million MTRc in total. Part of it will be distributed through Pre-sale and Token sale in 2017.
- up to 10,000,000 tokens will be distributed during the Pre-sale .
- 30,000,000 tokens will be distributed during the Token Sale .
No more MTRc distribution will be done after the Token Sale ends.The price of MTRc is set as follows:Pre-sale price: 1MTRc = 1 ETH/ 700Token sale price: will be not less than 1MTRc = 1ETH/700 and determined 2 weeks prior to main Token Sale
- October 2016 - Idea
- March 2016 - Concept development at MIT
- April 2016 - Concept launch
- April 2016 - October 2017 - Preparation for public launch
- October 2017 - ModulTrade token distribution
- January 2018 - ModulTrade smart-contract platform
- Marketplace for trade related services
- Trade & reputational bank
Token selling price and price limit will be announced 2 weeks before token sale. (Visit https://modultrade.io) for available discounts. The MTRC icon will be published in Ethereum and will conform to the most common and accepted ERC-20 token standards. This will ensure that MTRc is compatible with all ethernet wallets and easily added to the most common cryptographic purchases for trading.