Topic: [ANN]ChainTrade - First Blockchain-based platform to trade Food, Metals & Energy - page 10. (Read 6730 times)

Where is information how you will spend collected money? Or i missed it in whitepaper?

the idea of a transparent exchange is very close to me. I am ready to support the guys with their endeavors.

The project looks excellent. Do you have a bounty program?

Here is some clarification on the upcoming timing of the ICO:

The Public ICO will end on November 6th (midnight CET).
A post-sale will take place until December 16th (selected investors).
The CTC token will be listed and traded from December 17th (one exchange already confirmed, more to be announced).

We now issued over 10 million tokens! 🚀

https://www.facebook.com/ChainTrade/posts/2048603942085581

Technology Disruptor to Move 2 Trillion USD to the Blockchain






ChainTrade ICO aims to be the leading technology disruptor in the worldwide trade of food and raw materials. Representing more than 2 trillion USD annually, ChainTrade will move these exchanges to the blockchain.

This move will decentralize the trade of futures and options known commonly as commodity derivatives, and allow anyone to participate in trading — both small and big players. ChainTrade will modernize the exchange of commodity derivatives, making transactions simple, cost-efficient, and fair. Current exchanges dictate requirements that present high barriers to entry for small investors. By utilizing the blockchain, Smart Contracts, and Artificial Intelligence, buyers and sellers will be able to trade any futures or options in the world, from anywhere, on one platform, with minimal fees. Artificial Intelligence will cover link analysis, data analysis, and pattern recognition to ensure KYC (Know Your Customer) and AML (Anti-Money Laundering). “Today’s exchanges of food and raw materials are heavily centralized, charge high fees, and are exclusive to a few institutional investors, said Vincent Jacques, founder, and CEO of ChainTrade. “We will free this market thanks to the blockchain. Exchanges will be decentralized, accessible to everyone, and fees will be dramatically lower. It is time to bring competition to this
 type of exchanges, open them to anyone who wants to be part of it and lower access costs.




The blockchain technology will allow us to do just that: revolutionize the world of commodity derivatives.” With an aim to complete 5 million transactions by the end of 2018, the ChainTrade platform will be based on the CTC token, an ERC20 compliant token. The Initial Token Sale is scheduled to run from 9th October 2017 to 31st December 2017 with a token price of 1 ETH for 1,000 CTC (i.e. 1 CTC = 0.001 ETH). The number of CTC tokens will be limited to 225,000,000 and will be distributed progressively over time. ChainTrade token holders will have the ability to operate as traders or insurers. Insurers guarantee each trade by providing insurance against the risk of default by the traders. Raising funds through the token sale will provide the required funds to launch and operate a scalable ChainTrade platform while giving investors a token that will be used to access and use the platform.

For more information: [email protected]
 To participate in the Token Sale: https://chaintrade.net/

28 wrote there will be a bounty, a month has passed, silence, it seems nothing happened

“The price of a commodity will never go to zero. " 🚀


Making Commodities Markets Mainstream





Jim Rogers, the famous chairman of Rogers Holdings, once summarized the reason for buying commodities when he famously quipped, “The price of a commodity will never go to zero. When you invest in commodities futures, you’re not buying a piece of paper that says you own an intangible piece of company that can go bankrupt.”

Like nothing else in the world, commodities trading offers investors the chance to buy and own real, tangible assets which cannot depreciate to zero. The problem for many investors is that the commodities market is wildly complex to enter and is designed to keep out the small-time investor and serve the large corporate giants.

In fact, the $2 tln commodities market is the definition of centralized, with the vast majority of trading taking place in a few places in the world, with big players receiving discounts that make small investors unable to enter. This is all about to change through Blockchain technology.


Read More >> https://cointelegraph.com/news/making-commodities-markets-mainstream

Commodity Exchange with ChainTrade








Contemporary Exchanges and Chain Trade

The world of trading can be complicated but ChainTrade is here to break it down into easy blocks. The first thing to understand are commodity exchanges. These entities determine and enforce rules for trading commodities and investments like commodity futures and options. Contemporary exchanges can be either physical in location such as the Chicago Board of Trade (CME) and Eurex or can be digital like ChainTrade. Currently the market controlled by big exchanges like CME and Eurex taxing new entrants a high cost of entry.



Getting Raw with Food and Raw Materials

Most commodity exchanges deal in food and raw materials, the basis on which ChainTrade’s exchange is based. These items are used in the primary production of manufacturing goods. These basic ingredients are so important because as they are used the inventory is decreased while the work in progress item is increased. For example, a trader could buy some corn on ChainTrade. The corn is then used to create corn flakes. The value of the corn is increased as it is transferred into a finished good- a lovely breakfast cereal. Raw materials are the building blocks for greater value products.



Hoping for a better future

One type of transactions that happens often in an exchange is the buying and selling of futures. Futures are forward contracts that have one party sell something at a predetermined price at a specified time in the future. The time could be weeks, months or years in the future. Both parties agree to buy and sell the commodity at a certain price, the forward price. Most of the time futures are based on food and raw materials like grains, metals, oil and gases. Stocks and bonds are also traded in future contracts though.

For example, a farmer might predict his crop of corn for the year will be 1,000 ears and harvest will come in 12 months. If the farmer sees that the current price for 1,000 ears of corn is $15 and he would break even with $10 per ear of corn he will buy enough future contracts at $15 to make sure that he will make a profit no matter what happens to the price of corn when the harvest comes.

The cereal producer will pay $15 for the corn because they will not want the price of corn to increase. If the price of corn goes up they will have to increase the price of their cereal which means less customers and less profits. Buying the future for $15 ensures price and profit for both parties.

This dynamic was first introduced in 1972 but has become an increasingly important function in the market. Future contracts help standardize the price of items and specifications are built into the future to ensure quality and quantity of the good.

So, who buys futures? Market makers will often buy futures hoping to make money off the small difference between buying and selling prices. Speculators gamble more and will bet on the way that commodities will go. For example, a speculator will buy a future based on the failure or success of an entire country’s harvest of corn.



Choices, Choices, Choices — the case for Options

Options are another dynamic in the world of exchange. An option is a contract that gives the buyer the ability to, but not obligation, to buy or sell a commodity at an agreed price during a certain period of time. Options are a way for people on the market to speculate the rising and falling price of certain commodities and raw materials.

If a buyer buys an option on corn for a $10 premium that means that when the corn harvest is ready the buyer will pay the agreed upon price written into the option of $200. If when the corn harvest comes the value of the corn shoots up to $400 the buyer will still be able to buy the corn at $200 having spent a total of $210. If when the harvest comes the value of the corn plummets to $100 the buyer will not be obligated to take on the corn and will only have paid for the premium of the option — $10.



ChainTrade reinventing the market

The consolidation of the market over the years has seen exchanges such as Eurex and the CME control the landscape. This monopoly in the market prevents liquidity making it difficult for traders to work across different continents. This is no accident as futures are very profitable. In 2016, the CME had revenues of $3.6 billion and a net profit of 43% with most of the profit coming by way of transaction and clearing fees paid by buyers and sellers of future contracts. ChainTrade would abolish these fees and would return that much valued money back to the buyers and sellers.

In addition, exchanges practice discrimination with prices. Exchanges such as Eurex and CME charge different participants different rates based on relationships and trading volumes. This uneven landscape further inhibits new entrants. ChainTrade levels the playing field by allowing anyone including institutional investors, food producers, and other traders access to the exchange.

https://medium.com/@ChainTrade/commodity-exchange-with-chaintrade-d3051a2580f6

Girish Bajaj - Global editor of The Thecoinedge.com understands from Mr.Vincent Jacquest - CEO of ChainTrade on the reason he is going to move 2 Trilliun USD of annual trade from the exchange server of future sebuah and options on food and raw material (commodity derivatives) to a decentralized blockchain. The ChainTrade BlockChain. A major game changer revolution. Detailed video interview you can find here
https://m.facebook.com/story.php?story_fbid=155095241757849&id=133847127215994

ok, great, thank you!

We might have one in the future, but for now we don't have our own masternode.
As a reminder our token is based on the Ethereum network.

is there a mastenode for this coin?

Yes of course there are:
1) the CTC tokens will be used on the platform to trade the financial products (derivatives on food and raw materials)
2) with the increase of volume on the platform, and the supply of tokens being limited, we could potentially expect that the value of the tokens increase

Hi there! Can you please tell me if there are any benefits for your contributors?

There are quite a few actually

But small investors are also very much welcome, and 0.001 ETH is already a really good price for the CTC tokens.

50k is quite high amount of money in my opinion. There won't be many investors that are willing to pay that much for cypto startup

ChainTrade is going to present its #ICO tomorrow at the Monaco Growth Forum

https://monacogrowthforums.com/2017/10/blockchain-based-platform-for-food-and-raw-materials-trading-chaintrade-to-present-at-monaco-growth-forums-blockchain-summit-in-london-and-monaco-october-17th-19th/

Great project, I am considering to support this one.

great project good luck sir