November 28th, 2017 at 9:57 am UTC · 3 min read
Cited as one of the Top 20 Most Promising Blockchain Technology Solution Providers, the ModulTrade platform taps into the heart of blockchain technology, providing users a secure platform, with a simple digital end to end trade process, and transactions in real time.
The application of smart-contracts legally and efficiently replaces conventional financial trade instruments, such as letters of credit and bank guarantees. Overall, ModulTrade provides a new opportunity to MSMEs, minimise costs and time in a trusted digital marketplace, which allows businesses to meet, commit and execute trade securely.
Through continual development and testing of their minimal viable product, the ModulTrade technical team have found themselves in a position which rises above others, with bringing forward the launch of their fully functioning platform – a new digital marketplace which is now live and ready to trade on.
Currently, the ModulTrade platform accepts ETH (Ethereum) in addition to MTRc (the ModulTrade token) for funds, with plans to soon accept other ERC20 tokens, along with fiat (USD, EU, £ etc.). To allow entrepreneurs to use the ModulTrade Platform, some MTRc has been released for free float in the system. Users may buy and sell MTRc at a nominal price of 1ETH = 700 MTRc at the exchange, Etherdelta.com. Soon, the ModulTrade platform will buy MTRc at a nominal rate for fiat from merchants.
Commenting on the start-up, ModulTrade Co-founder and CEO Evgeny Kaplin, said:
“ We launched our pre-sale in early October, our pre-sale has so far attracted participants to raise $1.5mln, or 3.5mln MTRc. We are very pleased with the progress of the sale, as much as with the development of our fully functioning platform and we are in the process of working with a German-based merchant.’
The company has attracted some of the best experts in the financial trade, global currency and facilities management industries, who sit on the advisory board. These include author of ‘The Future of Money’ Bernard Lietaer, LAToken CEO Valentin Preobrazhensky and co-founder and Chief Investment Officer of GTR Ventures Kelvin Tan, to name a few.
The ModulTrade system will change the way companies trade, open networks across the world, and provide a newfound opportunity to make MSMEs go from local, to global players.
ModulTrade opens its main token sale on November 28th, 2017.
The ModulTrade team aims to foster the next commercial revolution in trade finance, with the new concept in developed in MIT during 2016-17 . ModulTrade will run off a smart-contract blockchain based eco-system, bringing together a comprehensive range of services for the full B2B trade cycle. Operating globally, the platform will allow for cross-border trade for emerging markets and micro, small and medium enterprises. The product will be accessible online and through smartphones, allowing complex trades to run in real-time, increasing efficiencies and lowering businesses overall costs.
Disclaimer: MTRc’s are tokens in ModulTrade’s blockchain-based platform and value eco-system. They are not refundable, nor are they securities or for speculation. There is no promise of future performance. There is no suggestion or promise that MTRc has or will hold a particular value. MTRc’s give no rights in the company and do not represent participation in the company. MTRc’s are sold as a functional utility. Any value received by the company may be spent without conditions. MTRc’s are meant only for experts in cryptographic tokens and blockchain-based software systems.