Global trade has grown remarkably over the last few decades due to the inception of internet and other technological innovations. With an increasing number of exporters and importers participating in international trade, the need for a safer and more economically efficient trading platform has become obvious.
Current trade markets like Amazon and eBay make billions from their international sales. Other similar businesses bring in even more money but there is a gap in the trade industry for businesses of smaller scale.
The history of international trade and its current conditions shows that only large companies could receive all of the benefits and leave the smaller ones on the side of the large road. The main reasons for that are the inability to access the international markets and difficulties to acquire trade finance solutions (like a letter of credit and banking guarantee).
Here come the statistics: according to one estimate, only about 7% of multinational corporations’ trade finance proposals are rejected. On the other hand, for smaller enterprises, this number is 56%.
This occurs due to a number of reasons like lack of trustworthy counterparties, complex trade-related processes and high entry costs for smaller businesses.
Thankfully, ModulTrade is working on a solution that will make international trade easier, cheaper, and accessible for any company, no matter the size.
ModulTrade offers a trading platform that allows small-to-medium-scale parties to communicate and execute trade efficiently and easily. Blockchain integration serves to build trust in B2B deals, to simplify complex trading operations, and to bring down overall trading costs.
The ModulTrade ecosystem makes use of smart contracts (now based only on the Ethereum network) to ensure transparency and scalability of the network. Smart contracts will replace lengthy and complex trade-related processes while introducing a number of relevant trade-related services. The use of smart contracts will also lower the cost of searching reliable counterparties and connecting with a network of businesses.
The platform’s utility token, MTRc, is an ERC-20 Ethereum-based token. It functions as a means of payment. The use of MTRc as a complementary currency is aimed at achieving real-time and cost-effective trade on a global level.
ModulTrade is based on a multi-sided platform. With its blockchain token, it offers access to world-wide trade to any business with a smartphone. Trade-related service providers will also be able to use our solution to offer their services to trading parties.
ModulTrade is an ecosystem of several products, that make entrance to global trade easier and faster.
MT Wallet - a next-generation e-wallet, which allows users to store, transfer and exchange cryptocurrencies. The MT Wallet makes blockchain payments easy, cheap, and secure for everyone.
MT Market - blockchain based marketplace where any small business or individual can trade internationally, efficiently, and securely. Now you can buy and sell goods using MTRc and ETH. You can try trading here.
In addition to the aforementioned features, there are a number of other functionalities offered by ModulTrade that will distinguish MT Market from existing popular trading platforms.
- Multiple legal addresses verified to one account
Consider the e-commerce giant Amazon Inc. Amazon only allows one address to be added to an account made on its platform. Other similar platforms like Hamster, eBay, AliExpress, also support only a single address per user account. ModulTrade, on the other hand, proves to be more user-friendly as it allows multiple verified physical addresses to be used for a single account or party.
-Sale of electronic devices for mining purpose
Another service that only ModulTrade is currently providing is the distribution of mining gadgets. Only this platform gives sellers a marketplace to offer their mining electronics up for sale and gives interested buyers a site to purchase mining devices.
-Availability of seller’s contact information and customer experience
ModulTrade – along with AliExpress, eBay, Populous and Debitum – gives buyer the access to seller’s contact information while making a purchase. Similarly, the platform also facilitates sellers by providing customer experience data to make a global trade. Hamster, Populous, and Debitum also offer this service.
- Vendor-controlled website
Sellers have the opportunity to manage the platform’s website themselves. This gives them a chance to be able to customize and modify the website as required, resulting in a more user-friendly platform for both the seller and the buyer.
- Goods’ cost in different currencies
MT Market platform allows the cost of goods to be made available in different currencies, depending on the user’s location. This creates a more user-friendly shopping experience for the buyer and saves one from the hassle of currency conversion.
-Verified feedbacks only
Goods being traded on ModulTrade’s platform are only allowed to be reviewed by authentic buyers. There are no fake reviews as each feedback statement is first verified, before being added to the website.
With its smart-contract and digital token containing Blockchain-based ecosystem and unique functionalities, ModulTrade aims to democratize the trade finance industry.
Click here to see our list of various ICO airdrops.
Current trade markets like Amazon and eBay make billions from their international sales. Other similar businesses bring in even more money but there is a gap in the trade industry for businesses of smaller scale.
The history of international trade and its current conditions shows that only large companies could receive all of the benefits and leave the smaller ones on the side of the large road. The main reasons for that are the inability to access the international markets and difficulties to acquire trade finance solutions (like a letter of credit and banking guarantee).
Here come the statistics: according to one estimate, only about 7% of multinational corporations’ trade finance proposals are rejected. On the other hand, for smaller enterprises, this number is 56%.
This occurs due to a number of reasons like lack of trustworthy counterparties, complex trade-related processes and high entry costs for smaller businesses.
Thankfully, ModulTrade is working on a solution that will make international trade easier, cheaper, and accessible for any company, no matter the size.
ModulTrade – a blockchain solution:
ModulTrade offers a trading platform that allows small-to-medium-scale parties to communicate and execute trade efficiently and easily. Blockchain integration serves to build trust in B2B deals, to simplify complex trading operations, and to bring down overall trading costs.
The ModulTrade ecosystem makes use of smart contracts (now based only on the Ethereum network) to ensure transparency and scalability of the network. Smart contracts will replace lengthy and complex trade-related processes while introducing a number of relevant trade-related services. The use of smart contracts will also lower the cost of searching reliable counterparties and connecting with a network of businesses.
The platform’s utility token, MTRc, is an ERC-20 Ethereum-based token. It functions as a means of payment. The use of MTRc as a complementary currency is aimed at achieving real-time and cost-effective trade on a global level.
ModulTrade is based on a multi-sided platform. With its blockchain token, it offers access to world-wide trade to any business with a smartphone. Trade-related service providers will also be able to use our solution to offer their services to trading parties.
ModulTrade is an ecosystem of several products, that make entrance to global trade easier and faster.
MT Wallet - a next-generation e-wallet, which allows users to store, transfer and exchange cryptocurrencies. The MT Wallet makes blockchain payments easy, cheap, and secure for everyone.
MT Market - blockchain based marketplace where any small business or individual can trade internationally, efficiently, and securely. Now you can buy and sell goods using MTRc and ETH. You can try trading here.
What makes MT Market unique
In addition to the aforementioned features, there are a number of other functionalities offered by ModulTrade that will distinguish MT Market from existing popular trading platforms.
- Multiple legal addresses verified to one account
Consider the e-commerce giant Amazon Inc. Amazon only allows one address to be added to an account made on its platform. Other similar platforms like Hamster, eBay, AliExpress, also support only a single address per user account. ModulTrade, on the other hand, proves to be more user-friendly as it allows multiple verified physical addresses to be used for a single account or party.
-Sale of electronic devices for mining purpose
Another service that only ModulTrade is currently providing is the distribution of mining gadgets. Only this platform gives sellers a marketplace to offer their mining electronics up for sale and gives interested buyers a site to purchase mining devices.
-Availability of seller’s contact information and customer experience
ModulTrade – along with AliExpress, eBay, Populous and Debitum – gives buyer the access to seller’s contact information while making a purchase. Similarly, the platform also facilitates sellers by providing customer experience data to make a global trade. Hamster, Populous, and Debitum also offer this service.
- Vendor-controlled website
Sellers have the opportunity to manage the platform’s website themselves. This gives them a chance to be able to customize and modify the website as required, resulting in a more user-friendly platform for both the seller and the buyer.
- Goods’ cost in different currencies
MT Market platform allows the cost of goods to be made available in different currencies, depending on the user’s location. This creates a more user-friendly shopping experience for the buyer and saves one from the hassle of currency conversion.
-Verified feedbacks only
Goods being traded on ModulTrade’s platform are only allowed to be reviewed by authentic buyers. There are no fake reviews as each feedback statement is first verified, before being added to the website.
With its smart-contract and digital token containing Blockchain-based ecosystem and unique functionalities, ModulTrade aims to democratize the trade finance industry.
Click here to see our list of various ICO airdrops.