No we can't. The p2p asset is not tied to any exchanges. So you can't manipulate the prices. The assets themselves are also fixed rate. The p2p lending investments are truly decentralized, so we can't manipulate prices or dump the market. We can't be whales in the sense you suggest.

We will at a later point add some interviews with our P2P lending partners. It's in the works ladies and gentlemen
www.welltrado.io

Thank you of notifying me on this thread!

I already answered these, so I will just shamelessly copy-paste!
I am CO-founder of WELLTRADO (www.welltrado.io)


Tomas Medeckis CEO, Co-founder - https://linkedin.com/in/tomas-medeckis-0a237585
MEEE!!!CDO, Co-founder - https://www.linkedin.com/in/kim-nielsen-89545331
Arturas Svirskis, CBDO, Co-founder - https://www.linkedin.com/in/arturassvirskis
Zygimantas Stancelis, CTO, Co-founder - https://linkedin.com/in/%C5%BEygimantas-stancelis-6725b265
Etc.


- Double goldwinner at D10e. The largest ICO pitch competition. Both winner of jury and audience award.https://www.welltrado.io/welltrado-wins-d10-the-biggest-ico-pitch-competion-both-jury-audience-award
- Also 2nd place at Rietumu Fintech, before ICO. This company is years old. Rietumu Banks Fintech challenge – the biggest competition in Baltics for fintech companies.


Our business model is to connect thousands of P2P lending networks into a large marketplace. Like Amazon. (Amazon connects merchants, that sell products) (Welltrado connect P2P lending platforms, that sell loans)
Investors who invest into P2P loans exists primarily outside the crypto-space. However we want crypto to have the ability to easily invest into over 1 million PRE-existing loans aswell.

What do I mean with pre-existing? We are NOT a P2P lending platform. We are working with a multitude of p2p lending platforms. All with many years in the business, and well-developed loan origination network and procedures. The loans are already outthere. We are just connecting them to crypto in a platform. Not rocket science.


We are not changing the world at www.welltrado.io Maybe that is why the project can seem a bit boring. We are basically just connecting the dots between two different industries.
At it's core Welltrado is about "diversification". Plain and simple.

if we look at the deep systemic problems in crypto, diversification is a major issue.  Because while we have over 1500 ALTs, their value closely mirror the movements of BTC and ETH. HODL all you want, your ALTs are married to an extremely volatile market. A market not just for tech geeks anymore, but a market played by whales and market makers.

The unfortunate reality is that majority of cryptocurrency investors are first time investors. Of all types of investors, these especially need to pay attention to diversification. Welltrados main proposition is to take your crypto, and then give you an easy way to diversify your 1 ETH into … about 340 different loans. (2 ETH= 640 loans and so on)

Anyway. We give you the ability to place your 1 ETH on many different lending platforms. Across many different countries, and in wildly different things. 0.002 ETH on a Business Loan, 0.002 ETH on someones Mortgage, 0.002 ETH on some risky loan in Georgia. etc. etc. This can be done manually (remember loans are already there! Or through a fund structure)

The boring parts:
1. Most P2P lending platforms only takes FIAT.
2. This means that when you put your 1 ETH into loans - the backend with convert it to FIAT. Invest in the loans. The loan amount+returns are then in FIAT.
3. When the loan is done. Amount+returns are returned in FIAT. Only then converted back to your crypto of choice.

The good parts:
1. YOU ARE SAFE. By using FIAT we are effectively removing the insane fluctuations and instability of crypto. This means when the market takes it's nosedive you won't be fucked. At all.
2. The returns are in traditional standards very good. Ranging from 6% - 35%. However YOU pick the loans, or setup your automation criteria. This is not necessarily some closed fund that takes the decisions.
3. We have many partners already. The P2P lending world lacks investors, and crypto-investors are tech savvy and not averse of risk. This makes you guys very good prospective investors for them!
4. Real Diversification. Millions of loans, from many different countries in wildly different industries. Never put all your eggs in one basket ladies & gentlemen


Welltrado's token is called =WTL.

Remember how I said that the Crypto will be exchanged to FIAT? Well that costs something. However instead of charging upfront we have decided to work with another model.
We charge 5% only when the investor receives profit. Every time a person gets returns on successful investments, a fee equal to 5% of the profit in WTL is taken from the WTL token
holder’s account and is burnt partially as fuel for the service. Ownership of WTL creates a reserve that can be used as the fuel for future services.

Welltrado recieves about 0.5% - 2% from every investment made on network directly from the P2P lending platforms. As you can imagine this will create a very nice profit stream for
the company. After all we take none of the risk of defaults etc. We can operate with a small team.

We have decided to distribute this income stream in 3 different ways:
1. 30% of all income goes BACK to the investors for making transactions. The more tokens you own, the more you get.
1. 30% of all income gets used for buying/burning WTLs. To insure scarcity and value.
1. 40% of all income goes to Welltrado development.


So lets’s talk blockchain. In an ideal world blockchain would help to verify the client by supplying credit scoring information from blockchain-based registries, with smart contracts taking care of loan repayments. In the real world, regulated lending platforms must ensure the individual borrower’s identity is verified, a credit check is done, money is transferred and, in the case of a default, there is clear process of litigation and/or debt collection. Welltrado's use of the blockchain is quite unglamorous.We are using it to track our connected platforms.We are tracking their loans. How many goes bad. How many are late. We are giving scores on everything. - and this is what goes on the blockchain. This is what is needed on the blockchain. Not only for regular investors - but because we are playing a much larger game here.

You see. P2P lending platforms in general has problems with legitimacy. The P2P lending platforms are decentralized, independent and without third party supervision, and they actually suffer from that. Big institutional investors stay away, due to lack of immutable proof of conduct. We will be able to deliver that through the blockchain. This in turn will attract big money to our platform, and our business will explode.


I kindof disagree with that. I mean I think our use of blockchain is pretty important. At least it is a stepping stone.

But I do agree that there is many many unfortunate misunderstandings. This idea that full disclosure/pseudo anonymity. Like if I paid back my friend for some lemonade, I would thus let him know everything about my finances. That's not so smart. Some disclosure may be tolerable for individuals, but it is deadly for companies. All of their contracting parties, sales, customers, account amounts, and every other little, petty detail would all become public. Financial transparency is perhaps one of the largest disadvantages of blockchain in general. Some may disagree with that ofcourse 


Our main VC is http://goldfishfund.com/portfolio/ Owner of Cili Holdings which operates a largest restaurant chain in Baltics, with ±100 restaurants. It operates restaurants “Cili Pica”, “SOYA”, food manufacturing unit “Maisto Namai” and food delivery system 1822.

Also. Again. We ARE NOT A crypto- P2P lending platform.
Salt Lending, Coinloan, Celcius are crypto P2P marketplaces. In it is awesome and entrepreneurial. But extremely risky, no amount of blockchain can hide that. Using crypto as collateral for loans, is mad. The day cryptomarket takes a real nosedive, the collateral will similarly plummet. If the borrower doesnt’ pay back the loan, the lender wil be in a position where he can only recoup some semi-worthless crypto collateral. Or worse bankruptcy or closing of the platform with huge losses. (if the crypto-platform holds the collateral)

Investors using Welltrado, will not be at risk. Because the loans+interest will be in FIAT. You are secure. You will not stand in some messy situation. Where there is no clear process to get debt collected etc. You are not victim to insane crypto market fluctuations, and you still have a very good return rate.


We have been in this business since 2016. Our MVP is operating on www.welltrado.com - We love crypto. But our platform will go beyond crypto. This is simply necessary - to scale.


.....AND Kim OUT!! I hope to read other founders - answering these!!

Please if you guys have questions, you can always catch me on Telegram:
https://t.me/welltrado

You call writing on bitcoin talk vacation? Ha.
So guys what do you think? Did I answer the questions properly?

Running through WELLTRADO www.welltrado.io through this list:


Tomas Medeckis CEO, Co-founder - https://linkedin.com/in/tomas-medeckis-0a237585
MEEE!!!CDO, Co-founder - https://www.linkedin.com/in/kim-nielsen-89545331
Arturas Svirskis, CBDO, Co-founder - https://www.linkedin.com/in/arturassvirskis
Zygimantas Stancelis, CTO, Co-founder - https://linkedin.com/in/%C5%BEygimantas-stancelis-6725b265
Etc.


- Double goldwinner at D10e. The largest ICO pitch competition. Both winner of jury and audience award.https://www.welltrado.io/welltrado-wins-d10-the-biggest-ico-pitch-competion-both-jury-audience-award
- Also 2nd place at Rietumu Fintech, before ICO. This company is years old. Rietumu Banks Fintech challenge – the biggest competition in Baltics for fintech companies.


Our business model is to connect thousands of P2P lending networks into a large marketplace. Like Amazon. (Amazon connects merchants, that sell products) (Welltrado connect P2P lending platforms, that sell loans)
Investors who invest into P2P loans exists primarily outside the crypto-space. However we want crypto to have the ability to easily invest into over 1 million PRE-existing loans aswell.

What do I mean with pre-existing? We are NOT a P2P lending platform. We are working with a multitude of p2p lending platforms. All with many years in the business, and well-developed loan origination network and procedures. The loans are already outthere. We are just connecting them to crypto in a platform. Not rocket science.


Hahahaha. Elephants in space.

We are not changing the world at www.welltrado.io. Maybe that is why the project can seem a bit boring. We are basically just connecting the dots between two different industries.
At it's core Welltrado is about "diversification". Plain and simple.

if we look at the deep systemic problems in crypto, diversification is a major issue.  Because while we have over 1500 ALTs, their value closely mirror the movements of BTC and ETH. HODL all you want, your ALTs are married to an extremely volatile market. A market not just for tech geeks anymore, but a market played by whales and market makers.

The unfortunate reality is that majority of cryptocurrency investors are first time investors. Of all types of investors, these especially need to pay attention to diversification. Welltrados main proposition is to take your crypto, and then give you an easy way to diversify your 1 ETH into … about 340 different loans. (2 ETH= 640 loans and so on)
Anyway. We give you the ability to place your 1 ETH on many different lending platforms. Across many different countries, and in wildly different things. 0.002 ETH on a Business Loan, 0.002 ETH on someones Mortgage, 0.002 ETH on some risky loan in Georgia. etc. etc. This can be done manually (remember loans are already there! Or through a fund structure)

The boring parts:
1. Most P2P lending platforms only takes FIAT.
2. This means that when you put your 1 ETH into loans - the backend with convert it to FIAT. Invest in the loans. The loan amount+returns are then in FIAT.
3. When the loan is done. Amount+returns are returned in FIAT. Only then converted back to your crypto of choice.

The good parts:
1. YOU ARE SAFE. By using FIAT we are effectively removing the insane fluctuations and instability of crypto. This means when the market takes it's nosedive you won't be fucked. At all.
2. The returns are in traditional standards very good. Ranging from 6% - 35%. However YOU pick the loans, or setup your automation criteria. This is not necessarily some closed fund that takes the decisions.
3. We have many partners already. The P2P lending world lacks investors, and crypto-investors are tech savvy and not averse of risk. This makes you guys very good prospective investors for them!
4. Real Diversification. Millions of loans, from many different countries in wildly different industries. Never put all your eggs in one basket ladies & gentlemen


Welltrado's token is called =WTL.

Remember how I said that the Crypto will be exchanged to FIAT? Well that costs something. However instead of charging upfront we have decided to work with another model.
We charge 5% only when the investor receives profit. Every time a person gets returns on successful investments, a fee equal to 5% of the profit in WTL is taken from the WTL token
holder’s account and is burnt partially as fuel for the service. Ownership of WTL creates a reserve that can be used as the fuel for future services.

Welltrado recieves about 0.5% - 2% from every investment made on network directly from the P2P lending platforms. As you can imagine this will create a very nice profit stream for
the company. After all we take none of the risk of defaults etc. We can operate with a small team.

We have decided to distribute this income stream in 3 different ways:
1. 30% of all income goes BACK to the investors for making transactions. The more tokens you own, the more you get.
1. 30% of all income gets used for buying/burning WTLs. To insure scarcity and value.
1. 40% of all income goes to Welltrado development.



So lets’s talk blockchain. In an ideal world blockchain would help to verify the client by supplying credit scoring information from blockchain-based registries, with smart contracts taking care of loan repayments. In the real world, regulated lending platforms must ensure the individual borrower’s identity is verified, a credit check is done, money is transferred and, in the case of a default, there is clear process of litigation and/or debt collection. Welltrado's use of the blockchain is quite unglamorous.We are using it to track our connected platforms.We are tracking their loans. How many goes bad. How many are late. We are giving scores on everything. - and this is what goes on the blockchain. This is what is needed on the blockchain. Not only for regular investors - but because we are playing a much larger game here.

You see. P2P lending platforms in general has problems with legitimacy. The P2P lending platforms are decentralized, independent and without third party supervision, and they actually suffer from that. Big institutional investors stay away, due to lack of immutable proof of conduct. We will be able to deliver that through the blockchain. This in turn will attract big money to our platform, and our business will explode.


I kindof disagree with that. I mean I think our use of blockchain is pretty important. At least it is a stepping stone.

But I do agree that there is many many unfortunate misunderstandings. This idea that full disclosure/pseudo anonymity. Like if I paid back my friend for some lemonade, I would thus let him know everything about my finances. That's not so smart. Some disclosure may be tolerable for individuals, but it is deadly for companies. All of their contracting parties, sales, customers, account amounts, and every other little, petty detail would all become public. Financial transparency is perhaps one of the largest disadvantages of blockchain in general. Some may disagree with that ofcourse


Our main VC is http://goldfishfund.com/portfolio/ Owner of Cili Holdings which operates a largest restaurant chain in Baltics, with ±100 restaurants. It operates restaurants “Cili Pica”, “SOYA”, food manufacturing unit “Maisto Namai” and food delivery system 1822.

Also. Again. We ARE NOT A crypto- P2P lending platform.
Salt Lending, Coinloan, Celcius are crypto P2P marketplaces. In it is awesome and entrepreneurial. But extremely risky, no amount of blockchain can hide that. Using crypto as collateral for loans, is mad. The day cryptomarket takes a real nosedive, the collateral will similarly plummet. If the borrower doesnt’ pay back the loan, the lender wil be in a position where he can only recoup some semi-worthless crypto collateral. Or worse bankruptcy or closing of the platform with huge losses.

Investors using Welltrado, will not be at risk. Because the loans+interest will be in FIAT. You are secure. You will not stand in some messy situation. Where there is no clear process to get debt collected etc. You are not victim to insane crypto market fluctuations, and you still have a very good return rate.

.....AND Kim OUT!!
Please if you guys have questions, you can always catch me on Telegram:
https://t.me/welltrado

Hey, just popping in to say you can go our Telegram about your calculator question https://t.me/welltrado

I guess we have to work on getting above the radar 😎
But we kind of believe in "Don't oversell" - "don't hype" kind of mentality at www.welltrado.io

Welltrado (www.welltrado.io)wins d10e, the biggest ICO Pitch Competition, both the Jury & Audience Award
 
Welltrado, a global blockchain - backed marketplace for p2p lending platforms is already a winner. On 26th of March, the project beat 100 other applicants in d10e, the leading conference on decentralization, focused on financial innovation. Welltrado have been chosen by a panel of industry experts and representatives from program partners including leading banks and VCs.

At D10e, everyone seemed to be impressed by the background of Welltrado’s officers and board, comprised of professionals in financing and IT. They also demonstrated a working MVP. Welltrado is already a fully functioning network of individual investors, with institutional investors waiting.

Dubbing itself “global investment marketplace,” Welltrado’s mission is to create a transparent, secure, and decentralized ecosystem for sustainable p2p investments growth worldwide. Utilising blockchain technology based on Etherium, Welltrado strives to eliminate the middleman (banks) and connect both retail and institutional investors around the world to investing opportunities otherwise unavailable to them. Welltrado estimates the current market cap is an astonishing $109 billion and that 80% of investors cannot access global p2p investment market.

Welltrado is opening its crowdsale on the 9th of April, 12:00 GMT.

Check us out at www.welltrado.io


Kim, Co-founder.
(Ps. join us at our Telegram, I am available there for the questions you may have: https://t.me/welltrado)

Well maybe you guys should check out our ICO http://www.welltrado.io

We are connecting Crypto to over 1 mln. pre-existing loans, giving returns from 6-25%.
The loans we are offering actually exist already, pre-screened, gone through credit-scoring by seasoned professionals from over 100+ P2P lending platforms, with their own professional risk experts/algorithms.

We are not promising the moon, but are just connecting the dots, and giving crypto the ability to invest in a very stable asset class.

Catch me in our telegram https://t.me/welltrado if you guys want to know more.

Looking at amazon it is actually is pretty simple. Members are very well aware if their loans are late, things default, or questions to the specific platform is complied with.
Their ratings will reflect that. However the true strength lies in algorithmic learning, and data-crunching. We have the unique possibility to look at all loans available on our platform. All p2p lending platforms and how everything plays together. Does the p2p platform rating reflect default rate etc.

In this we way we will be able to build a non-partial rating system, from which the members will greatly benefit.

We are btw. Also working in the FIAT world. Everything else would be an unrealistic proposition. But we can incentivize. And having talked with the leaders from the platforms, they find currencies a huge headache and would love alternatives.

There is a huge potential for our currency acting as an intermediary, and it one of the things we work towards. However it will not happen soon, and it is an aspiration. We will not promise the moon here, but it is worth pointing out that we are in fact not creating a currency without a real valid reason for it's existence.

First you have to realize that the issues with currencies in the lending space is very different than when you are dealing with the the stockmarket.

In essence the challenge is that we will deal with platforms from all over the world, issuing loans in a hundred different currencies.

We also have to deal with the fact that our investors, needs to invest very small amounts across many many countries. This in itself is a currency exchange nightmare... And btw. One that all platforms deal with in one form of another already.

We deals with this problem with WAT. While we can't force the whole world to adapt a single currency... We can minimize the steps and the cost significantly. We does this by introducing Wat

The key to diversifying – and successful investing in general – is to spread your money across different kinds of investments.
This way the risk is spread. Problem with crypto in general is that it is largely dictated by bitcoin and eth. Whereas P2P lending as an assetclass is much more stable, because it is not driven by ups and downs in a volatile market.

First of all we require access to the statistics they have on defaulted loans, late loans, loans funded. We would usually also have access to historical records.
Mostly this won't be a problem, because by far the largest proportion of p2p loan platforms we are interested in at this point has existed for many years, and have proven track records.

If we are dealing with a sketchy platform, we would most probably have a limited trial period with selected "betatesters" or something like that.Then we will be able to see how they perform
with our own datapoints.

Not at all. It will be tough to justify the ressources to develop APIs for a p2p lending platform, if this is not open and usable by several players.
However our experience is that there is mostly APIs developed especially towards hedge funds etc.
We will naturally gravitate towards a private API, because this will give us an advantage in the short run.

But. Without a doubt. other aggregators will pop-up, and we look forward to the challenge.

The P2P lending platforms have their own criteria, and we add our own on top of that. We can for good reasons not evaulate loans being taken all over the world with geographically sensitive criteria - not to say economic political climate.

However we can measure how well the platform underwriting is in terms of defaults, days late, risk assesment - because we will have a huge amount of data from all platforms to measure with.
There is lots of more to it, and we are closely working with credit score experts -and have one of best closely tied to our project already.

Please look at our site for more information:
https://www.welltrado.io/#team

That will be the P2P lending platforms responsibility. Loans defaulting is part of the business. It is for banks. It is for P2P platforms aswell.
Currently most P2P lending platforms, offer a payback guarantee if the loan is more than a couple of months late.


At Welltrado we rate the platforms aswell. This means that if we register a platform doing bad "underwriting", and taking in risky loans that does often goes late / defaults. It will be reflected in their
Welltrado risk rating.

That means that every investor gets a reasonable chance to pick good loans, due to us giving them the information the platforms themselves are keeping back.

Welltrado will develop its own e-wallet, which will be integrated across all compatible platforms so that investors only need to transfer money to one single account. Investors can then easily browse and view loans, as well as select the desired loans and the desired investment amount, completing the loan investment with merely a few clicks. This makes investment and diversification of assets an extremely simple and streamlined process.

Absolutely. The whole idea of our platform itself relies on investing small amounts in many many loans (100x or more) as a method to diversify and reduce risk.

 Technically they will have an account at the platform we stop working with in one form or another.  So depending on what we agree on in terms of migration, you would just have to login on the external platform directly from their website.