ModulTrade initial coin offering (ICO)

Democratizing global trade with blockchain



A smart-contract open ecosystem providing small businesses access to global trade by using a crypto token for payment or borrowing.

4.2
25 25 expert ratings
3.8
4.3
4.2
4.1
View rating distribution
Starts in 1 year ago
2017-11-28 - 2018-01-30
Token
MTRC
Type
ERC20
Bonus
Available
Platform
Accepting
Soft cap
7,150 ETH
Hard cap
42,900 ETH
Raised
12200055
preICO start
Oct 3, 2017
preICO end
Nov 28, 2017
ICO start
Nov 28, 2017
ICO end
Jan 30, 2018
More on ICO
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About ModulTrade ICO

What is ModulTrade about?


  • Including small business to global trade: About 400 million micro, small and medium businesses worldwide will be able access global trade in an easier, trustful and more efficient way with ModulTrade smart contract blockchain-based trading platform, ultimately lowering their costs and boosting revenues.

  • Rethinking global trade: An open ecosystem of traders, service providers (logistics, insurance, tax, etc.) and third party developers will be available to businesses, who will be able to meet trade counterparties, commit trade agreements easily and trustfully and execute trade real-time and globally, in a depersonalized and cost-effective way.

  • Making a new currency available for global trade: Modultrade will issue the MTRc (ERC-20 Ethereum-based token), a crypto token which will run as a complementary currency for global trade on the smart contract platform.

    Thanks to the MTRc every business with a smartphone will be able to access to global trade (trade enabler), every service provider will be able to provide their services on ModulTrade platform (service enabler) and every software developer will be able to build their applications on the top of ModulTrade platform (3rd party application enabler).
    The MTRc can be used for paying products and services on the platform along with other currencies and it will be used for charging trading fees and usage fees for third parties’ services / solutions available on the platform.
    Business will be able to borrow in MTRc, also based on their reputation.


Why ModulTrade and why the MTRc?

  • The current system doesn't work well: The current trade finance system (e.g. letters of credit) is inefficient and it favours large corporates who have the scale / volumes to support a daunting process, while smaller business are left out of global trade for the prohibitive costs. As a result, 56% of SME trade finance proposals are rejected (large corporates face rejection rates of 34% and multinational corporations are rejected only 10% of the time).

  • ModulTrade will empower small businesses: Smart contracts will replicate on ModulTrade platform such instruments like the Letter of Credit at a lower cost. In this way, small businesses will no longer need to apply to a bank for letters of credit or similar guarantees.

  • ModulTrade will streamline global trade: Smart contracts will be used on ModulTrade platform to replace time-consuming workflow processes, dramatically reducing costs. Complex cross-border deals and their related services (e.g. freight tax, insurance, etc.) can be done without a dedicated office department, but simply with few touches on a smartphone. The costs of searching a reliable counterparty and of connecting with a network of businesses will fall significantly.

  • With the MTRc it will be easier to trade and to develop new fintech solutions: With the MTRc every user will be able to execute trade real-time, globally and in a cost-effective way. Every developer will be able to avoid incurring big development costs by leveraging on ModulTrade platform’s technological infrastructure, whose usage will be charged to the end user.


ModulTrade and the MTRc will help customers solve the problem of lack of trust and non availability of credit for micro and small businesses, underserved by today’s banking system; in short, they will democratize global trade!

ModulTrade reviews

Luca Cotta
Icodriver...expert launching ICOs, Influencer, IT expert.
Rated on Nov 5, 2017
5
4
4
4%
Helen Moskina
Portfolio Manager
Rated on Oct 20, 2017
5
4
5
1%
Eugene Lebedev
Fintech expert
Rated on Oct 21, 2017
4
5
5
0%
Daniele Azzaro
MIT certified specialist in Fintech
Rated on Oct 26, 2017
5
4
5
2%
Michio Jibiki
Chairman, Green Designers Association
Rated on Oct 25, 2017
4
5
5
1%
Owen Haggith-Khonje
Investment Analyst & Crypto Enthusiast
Rated on Oct 26, 2017
5
5
4
1%
Berkay Alp
ICO Analyzer
Rated on Oct 27, 2017
3
4
3
2%
Bob Haya
Investor 30 yrs crypto enthusiastic 5 yrs
Rated on Oct 28, 2017
5
5
4
2%
Vasily Sumanov
ICO advisor, Economy researcher
Rated on Nov 26, 2017
5
4
5
6%

The idea is not amasing, but clear necessary and timely. It really can help a lot of importers and exporters espeсially of goods with individual quality.

Igor Karavaev
ico advisor and investor
Rated on Apr 28, 2018
4
5
5
4%
Simon Choi
Fintech & ICO Lawyer
Rated on Dec 22, 2017
4
4
4
3%
Nathan Christian
Blockchain Technology Consultant
Rated on Dec 31, 2017
5
5
5
8%

Great team, vision and product

Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Dec 24, 2017
5
4
4
4%
Hung Chih (Jason Hung)
Serial Entrepreneur | Investor Meetup | ICO advisor | China Market | Exchange
Rated on Jan 10, 2018
5
4
4
8%

I rate this is a reliable project while I check their team, financial model, token model and product design. The soft cap and hard cap is reasonable.

Sebastian Spiteri
Engineer ¦ Co-Founder of Coinounce.com
Rated on Dec 25, 2017
5
5
5
2%
P.B. Stanton Esq.
ICO Advisor | Securities & Banking law | Former US Marine JAG Officer
Rated on Dec 25, 2017
5
4
4
3%
Joao Reis
Investor
Rated on Jan 2, 2018
3
4
3
2%
Joan Vallès
Wealth Manager and Advisor, Angel Investor
Rated on Jan 2, 2018
4
3
3
2%
Lluis Saltó

Rated on Jan 8, 2018
4
3
3
2%
Adnan Javed
Blockchain Startup Advisor, Technologist, Inventor
Rated on Jan 10, 2018
4
4
3
7%

Pros:

Powerful concept of global trade without an intermediary.
Unique value proposition for blockchain trading system with trust.
Team has adequate competency.
Advisory panel is strong.

Cons:

Discounts are quite high in presale.
Roadmap could have been better presented with Quarter projections.

Conclusion:

Leveraging a smart contract based blockchain to facilitate small and medium businesses to circumvent banks and intermediaries is a powerful proposition and a multi billion $ market. This project has huge potential.

Ricardo Ruiz
Ricardo
Rated on Feb 22, 2018
5
4
3
2%
Gökhan Koçak
Blockchain enthusiast. Innovator. Leader. International investor. Options and Futures trader.
Rated on Jan 16, 2018
4
5
4
2%
Douglas Lyons
Board Advisor- Early Adoption and Strategic Partnerships
Rated on Jan 24, 2018
4
4
4
8%

Could be a challenge to hit milestones.

Yaroslav Belkin
Ex Cointelegraph and NewsBTC Media Group | Founder and CEO at Belkin Marketing
Rated on Aug 17, 2018
2
4
4
6%

Team does not have a KYC passed, as well as they do have some of the Advisors on the team that have more than questionable reputation within the crypto community.

Concept itself is very promising and bold, however I find it hard to believe that this team will be able to execute it according to their milestones set.

PlumBot
ICO Analyzer Bot
Rated on Sep 2, 2018
0
0
0
18%


Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

ModulTrade ICO price

Price in ICO

ModulTrade (MTRC) crypto

ModulTrade coin

ModulTrade token
MTRC
ModulTrade type
ERC20
ModulTrade platform

ModulTrade (MTRC) value

Tokens for sale
40000000

ModulTrade market cap

ModulTrade market capitalization
$ 12200055

ModulTrade investment info

Accepting
Soft cap
7,150 ETH
Hard cap
42,900 ETH

ModulTrade whitepaper

ModulTrade team

Apply as an advisor

Evgeny Kaplin

Co-founder / CEO

Jean Chaanine

Co-founder / COO

Karthikeyan Kaliyaperumal

Co-founder / CTO

ModulTrade milestones

1
April 2016

WePower idea

2
April 2016 - October 2017

WePower idea

3
January 2018

WePower idea

4
March 2016

WePower idea

5
Marketplace for trade related services

WePower idea

6
Marketplaces

WePower idea

7
October 2016

WePower idea

8
October 2017

WePower idea

9
Trade & reputational bank

WePower idea

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