Modultrade - The Fredoom To Trade

M O D U L T R A D E

Many difficulties face emerging companies to enter the global trading market
Solutions should therefore be developed to simplify these difficulties.

The difficulties
• Lack of trust
• High entry costs
• Complexity of trade related operations

ModulTrade SOLUTION
• Blockchain based Smart-contract platform
• Trade related services platform
• Trade & Reputation Network
• Marketplaces

:: Blockchain based Smart-contract platform ::

to replicate banks trade finance instruments (Letter of Credit and Guarantee) and to offer MVE participants
this service in a trustful and cost-effective way while also connecting them to other
services like logistic and insurance

:: Trade related services platform ::

to simplify trade execution via 3rd party service
providers (e.g. payments, logistic, financing, tax, bookkeeping)

:: Trade & Reputation Network ::

to facilitate monetary transactions of MVE participants
within their reputation capital being a function of users reputable collaboration within
the ecosystem

:: Marketplace ::

to find reliable counterparties globally and to make optimal choices of
goods & prices.

:: Main Function OF MTP ::

The main function of MTP will be to replicate banks’ trade finance instruments such as Letters of
Credit (LC) and Bank Guarantees.
MTP will provide this functionality to MSMEs at a negligible price (cost of smart-contract
execution on blockchain) if compared to 4-15% of the transaction amount charged by banks at
the moment

In this example of trade process banks provide trust into B2B trade cycle as a 3rd party with the
“proven” reputation which community can trust. Banks guarantee that upon goods are delivered
money will be paid to the Seller

:: smart contract ::

The purpose of a ModulTrade smart contract is to lock funds from a Buyer and release them to a
Seller upon delivery of a Product to the Buyer.
The simplified workflow of the contract is as follows.

The Buyer deposits funds into the smart contract which acts as an escrow agent.
Funds are locked in the smart contract until release conditions are met.
Funds are released to the Seller upon successful delivery in a specified time horizon.
Funds are released to the Buyer if no delivery occurs in a specified time horizon.

:: Transaction latency is not an issue ::

Transaction latency is not an issue for ModulTrade. The types of contracts that the platform is
going to support typically allow up to 1 day latency. In future, when ModulTrade taps into
markets and processes that require faster execution, latency requirements can potentially be
raised to several hours, but unlikely to single minutes. This allows us to ease up platform
requirements on the number of simultaneous transactions.
If we disregard for the moment MTRc trading on crypto-exchanges as this activity is external to
the platform, we can use the following formula to estimate the average number of transaction
per second

In conditions when funds are blocked in a smart contract which acts as an escrow agent, the
ultimate goal of the parties becomes to release the blocked funds from the contract to
themselves as soon as they both agree that the trade has been successful. In this case, the
ModulTrade smart contract plays a role of trusted middleman helping to eliminate a costly trust
counterparty, traditionally, a bank or a marketplace agent. However, in the absence of a
middleman, it is only the counterparties themselves who know if their interests have been
respected. This brings a number of counterparty risks which should be handled accordingly. For
example,

Deposit from the Buyer was received, the Shipping Agent received the product, but failed
to deliver it to the Buyer on time or at all.
Deposit from the Buyer was received, but the Seller didn’t send the product on time,
didn’t send it at all or sent a wrong product.
The Buyer claims that he or she

See more at :: https://en.modultrade.io/ModulTrade_White_Paper.pdf?v1

:: ModulTrade Token ::

The ModulTrade Crypto Token (MTRc), an ERC-20 token issued on Ethereum, is a key
element of the new ModulTrade’s B2B multi-sided platform, that enables its users to
connect to the ModulTrade platform and its ecosystem and to effect transactions.
MTRc shall be a premined token that will be distributed only during the pre-sale and Tokens sale
campaigns. Therefore, the number of MTRc tokens will be fixed starting end of November, 2017
which will be guaranteed by the token smart contract.
Demand for MTRc is expected to be driven by MVE and by ModulTrade network growth. The
more trade transactions are carried out through the ModulTrade network, the more MTRc
demand will increase, thus improving the trade flows served within MVE

:: Distribution plan ::

There will be a limited supply of 100 million MTRc in total. Part of it will be distributed
through Pre-sale and Token sale in 2017-2018.
● up to 10,000,000 tokens will be distributed during the Pre-sale.
● up to 20,000,000 tokens will be distributed during the Token Sale.
No more MTRc distribution will be done after the Token Sale ends.
The price of MTRc is set as follows:
Token price: 1MTRc = 1ETH/700
During the sale period the following pricing mechanism will be applied:

:: RoadMap ::

Modultrade is the result of a team collaboration. The 4 MIT team mate founders decided to
move forward on the original idea of trade finance. This decision gave birth to Modultrade in
April 2017. In the meantime, a team of talented and highly skilled professionals joined the
startup and contributed, with the founders, in shaping the vision and putting together founding
documents and prototype to move ahead with the idea

Join The ico here : https://en.modultrade.io/
Ann thread : https://bitcointalk.org/index.php?topic=2240518
Bounty thread : https://bitcointalk.org/index.php?topic=2385099.0