We accept BTC,ETH and Fiat for Pre-ICO and ICO. Please checkout https://modultrade.io and refer https://modultrade.io/instructions for instructions/clarifications.

Exactly, the platform will have all the capabilities along with a robust ecosystem we'll be able to revolutionize trade in general as well as global trade in particular.

Sure thing. I think they will have an online version of the article, will provide a link once published.

As mentioned by me before, big banks are our main competitors in the EXIM / global trade.

We have been invited by a couple of top startup accelerators one by a famous SV accelerator and another by one of the largest bank in Europe. Apart from that, we are also invited to attend in some VC conferences and blockchain conferences. We are right now finalizing the plan which to attend by whom.

BTW CIO Review Magazine has also selected us a top 20 blockchain innovator which will be published in this months magazine.

Whatever makes sense for that region. We have many in the board and the team who are from that region and we are also actively involving Italian small business districts whose input we'll take and enable the right partners.

What I'm saying is future of trade is smart contract enabled, not necessarily by MT alone. Currently we are busy trying to solve the most complex trade(EXIM). For now, our objective is enabling small businesses to do global trade effectively and efficiently.

I believe all trades whether it is B2C , B2B, B2T etc will be smart contract enabled in the near future. Today B2C is run by centralized organizations under their rules and one dimensional and customers have no choice. B2B trade is done by a contract negotiated over a longer period of time with a lot of cost involved. EXIM trade has more complications with big banks playing as guarantors. In future IOT will transform how trade is being conducted between businesses , machines and customers. Evolution of Smart contract along with the underlying blockchain technology will provide a mechanism to effectively handle the nuances of each of these type of trades in the near future.

MT offers end-end platform including taxation, logistics etc apart from the escrow capability as part of the smart contract.

Pre-ICO with 40% discount is currently running. Please refer https://modultrade.io/ for further details.

Thanks Helloal. There will be taxation specific modules either by us (or) by 3rd party providers similar to logistics which will offer these services on the platform. Doing Implementation country by country helps us produce better network effect as well as provide those additional services that are required to complete the trade.

Definitely, Asian countries are part of a natural expansion for our ecosystem. But starting and solidifying European markets help Asian SME's mainly China and also Indian Exporters to supply these economies.

Hi Maria,

Modultrade along with our partners in the ecosystem will provide end-end trade services(including logistics) to the participants(buyers and sellers). The smart contract will manage/track the whole progress including the payment after the trade is completed for everyone's satisfaction.

Please see comment from Evgeny: #130 https://bitcointalk.org/index.php?topic=2240518.msg23107916#msg23107916

This is correct Drokzid. Unsold tokens will be destroyed.

Yes, ubercool, trading all over the world is the ultimate aim of ModulTrade. Regarding escrow - the smart contract itself will hold the funds in escrow for the duration of a trade thus simultaneously being an escrow agent and a guarantor of trust. However, since some of the counterparties will prefer using e.g. fiat currencies in their transactions anyway, MTRc will play a role of an intermediary denomination token for trade, while there will be a usability option to automatically exchange MTRc to the currency of choice (including fiats). To allow this, ModulTrade will rely on its partners and external crypto exchanges.

Thanks a lot, coming from a person who has done b2b trade and understand the current problems.

Current demographics explosion in emerging countries, and economic recession in developed ones introduce challenges in managing food safety either on collective environment (corporate restaurants, schoolcanteens) or on public levels.

In collective environments, companies involved in catering spend a significant part of their revenues on food safety and food chain tracking, to remain compliant with food safety regulations. For major catering companies (Aramark, Sodexo, Compass), this represents circa 4 Bn US $ per year.

MT will represent the marketplace where food safety players meet, commit on the rules and automatically execute their commitments with an enhanced trusted environment (MT) and rewarding mechanisms (MTRc).

Welcome Xian. Thanks for your question. Our Presales is open to institutional investors, with no maximum limit. We are also currently in discussion with some big institutional investors as we speak.

MTRc tokens will have the role of a trade enabler and of a third-party application enabler on the platform, meaning that every user would be able to execute trade real-time, globally and in a cost-effective way. While you can also trade in other currencies, fees will be charged in MTRc. The MTRc could also be used for charging usage fees for third parties’ solutions developed on the platform.

For example, take the case of Binance platform where tokens get traded, you can use other currencies like ETH for Tx cost but if you use BNB, you get 50% discount.

Similarly, there are many ways we can incentivize using MTRc in our platform; We'll come up with more innovative ways to make the platform and MTRc as valuable as possible.

I understand your predicament on doing due diligence 100's of companies offering tokens currently. The major differentiator for Modultrade is we are in a very niche space where huge domain expertise needed to build an excellent system that works for everyone. Only big banks have the domain knowledge but they lack the technical expertise and the openness to come up with a solution like this. So we have very little competition in this space and continue to do so at least in the near future. We also have a first mover advantage in this space which could also help us shape the future in democratizing global trade for small businesses.

As an early investor, you can earn on the good discount ModulTrade offers at Pre-sale (40%) if you buy MTRc now.

You can also use MTRc to finance B2B trade of ModulTrade users once the platform is launched. It will give 5-30% flat on your investment



It's too early to talk about naming exchanges, but are having early discussion with a number of exchanges. We are planning to be listed in some good exchanges rest assured. Please let us know what exchanges you would like MTRc listed, we'll do our best to be there.

All,

I am Karthik - one of the ModulTrade founders (CTO).


Thanks Pjames for a great question. EBay-Magento is a good comparison as far as our marketplace is concerned but we also offer banking/finances and other trading services like logistics, taxation etc to complete the transaction. We are a complete end-end platform for global trade.
 

As many of them might not be aware of the complexity of global trade, I thought I'll give a brief introduction to ModulTrade, Trade finance and blockchain so we can have a lively discussion.The entire team is committed to answering / clarifying all your questions and doubts. Please fire away. I also encourage everyone to try out our prototype which is available in modultrade.com

Regards
Karthik


Modultrade democratizes Trade Finance

Trade finance is the process, by which importers and exporters mitigate trade risk through the use of financial institutions that serve as trusted intermediaries. These intermediaries provide assurance to sellers (in the event the buyer doesn’t pay) and contract certainty to buyers (in the event that goods are not received).

Payment and delivery terms are documented in a letter of credit (LC), and the financial institutions delivering this LC receive fees for assuming risks, as well as for documentation and oversight of payment terms.  Due to the nature of global deals (distance, differing local laws, withholding taxes, customer knowledge) the use of LC has become a very important aspect of international trade. LCs facilitate 47% of global trade finance (circa  $2.8 trillion per year worldwide).

Yet, letter of credit is a cumbersome process. Banks typically require a pledge of securities or cash as collateral for issuing a letter of credit. Banks also collect high fees for service, typically a percentage (ranging from 5 to 20%)  of the size of the letter of credit. The drastic criteria for a bank to issue a letter of credit, as well as the high cost of it make it difficult for small and medium enterprises (SMEs) to be included in this process . Half of SME applications are rejected, (compared to only 7% for multinational companies). “Unmet demand for trade finance is $700 billion in Asia, and $120 billion in Africa.”

ModulTrade is a platform based on blockchain smart-contract (for the automation of the letter of credit) where MSMEs can participate easily to the trade finance processes : Letter of Credit, deal financing, tax management, … etc..


ModulTrade’s Value Ecosystem (MVE) is based on MSP (multi-sided platform) , which aims to create value ​through ​the ​network ​effect ​for ​the ​following ​three ​main ​constituents:

Trade counterparties (sellers and buyers), delivering to them a platform of trust and reputation, simplicity of trade and an instrument for value exchange and trade initiation (i.e. Modultrade Coin or MTRc) . Modultrade is this global ​marketplace ​where ​trade ​services ​meet ​trade participants.

Third-party trade related service providers (e.g. supply chain providers, lawyers, tax officers, financial institutions and fintechs, ...etc.). These providers meet on modultrade open platform to contribute to the trade service of counterparties.

Third-party ​trade ​software developers, delivering trade solutions on top of MTRc functionality.

At Modultrade, we use the three key features of blockchain to simplify trade finance:

(1) cryptographic security, allowing parties involved in trade to collaborate easily and cost efficiently,
(2) distributed ledger and network allowing transparency, traceability and global footprint 
(3) consensus mechanism providing trust among the deal participants:

Together, these features provide the foundation for building a new generation of a “democratic”, trustful and efficient trade finance system. In this new hassle free system, SMEs, which are the main components of local modern trade, can expand and  take part in global trade.