[ANN][PRE-ICO] 🚀🚀 ModulTrade : The Freedom To Trade 🚀🚀 - page 215.

JeanC

newbie

Activity: 13

Merit: 0

Quote from: ?? on ??

How will the tax if ita globally covered?/?
Thanks

Like always, will depend on the country you live in, i would say.

i think nothing will change you must declare your income in the country of residence,i hope the bank's dominance is come to an end with the birth of projects like ModulTrade...

Great question guys! on tax front, depending on the destination and origin of goods, trade parties can optimize their taxes (especially withholding taxes, related to international trade) , related to the deal. in big organizations, this tax optimzation is taken care of by tax departments, internal to these organizations. Small and Medium businesses cannot afford the cost of such departments. Again, Modultrade will offer, through its ecosystem, a service related to tax optimzation, that can be mutualized by all participants (and reduce costs by the same token Wink

Jean

JeanC

newbie

Activity: 13

Merit: 0

Quote from: ?? on ??

It will not be easy for ModulTrade with all those competitors out there at the moment.
But I really so a lot of potential in this platform. This can become huge when it will have the right marketing.

Please keep getting the product out there!
Our you guys planning some events this or next month?

Keep it up!

Could you name some of the main competitors here, that offer the same as ModulTrade?

Dear Sozialtourist, We see banks transposing their trade finance (in the domain of Letter of Credit) beginning to think about launching those services on blockchain, but for their clients. Not easy for them giving their size and regulatory constraints... We think that the odds are excellent for Modultrade to offer an alternative for SMEs that cannot access this space through traditional banks (400+ Mlns SMEs). if you want to take the bet with us, you're most welcome! Join our ICO!

Best,
Jean
https://t.me/ModulTradeIO

karkal

newbie

Activity: 18

Merit: 0

Quote from: ?? on ??

It will not be easy for ModulTrade with all those competitors out there at the moment.
But I really so a lot of potential in this platform. This can become huge when it will have the right marketing.

Please keep getting the product out there!
Our you guys planning some events this or next month?

Keep it up!

Could you name some of the main competitors here, that offer the same as ModulTrade?

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.

karkal

newbie

Activity: 18

Merit: 0

Quote from: ?? on ??

In Italy, Amazon, eBay etc...have parternship with local couriers, like SDA and Bartolini, so I'm asking if you're going to do the same or you will just use international couriers

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.

JeanC

newbie

Activity: 13

Merit: 0

Quote from: ?? on ??

In Italy, Amazon, eBay etc...have parternship with local couriers, like SDA and Bartolini, so I'm asking if you're going to do the same or you will just use international couriers

we don't rule out any option. when the market will grow locally, we are confident that we will have local partners to deliver locally. Some of them are already in our Advisory Board... Watch the space Wink

JeanC

newbie

Activity: 13

Merit: 0

Quote from: ?? on ??

Its nice to have a project like ModulTrade poised to become of of the best B2B platform which offers benefits of blockchain technology and smart contracts.

Thx! Join us!

JeanC

newbie

Activity: 13

Merit: 0

Quote from: Mystic90 on October 19, 2017, 09:14:55 AM

Just read this blog about the ModulTrade advisors : https://medium.com/@ModulTrade/meet-the-modultrade-mentors-the-team-supporting-a-global-revolution-in-trade-43436e802049

Good to get some more background info

like what?

Mystic90

full member

Activity: 154

Merit: 100

Just read this blog about the ModulTrade advisors : https://medium.com/@ModulTrade/meet-the-modultrade-mentors-the-team-supporting-a-global-revolution-in-trade-43436e802049

Good to get some more background info

JeanC

newbie

Activity: 13

Merit: 0

Quote from: ?? on ??

lately competition is tough. Who is you guys count nearest competitor?

Dear Tiger, Competition is always tough, it i strue... but stimulating and to the benefits of consumers and clients...We see banks transposing their trade finance (in the domain of Letter of Credit) beginning to think about launching those services on blockchain, but for their clients. Not easy for them giving their size and regulatory constraints... We think that the odds are excellent for Modultrade to offer an alternative for SMEs that cannot access this space through traditional banks (400+ Mlns SMEs). if you want to take the bet with us, you're most welcome! Join our ICO!

Best,
Jean
https://t.me/ModulTradeIO

JeanC

newbie

Activity: 13

Merit: 0

Quote from: ?? on ??

Quote from: Yasemin on October 18, 2017, 10:38:31 PM

Quote from: ?? on ??

Will there be insurance to the trade? What if something goes wrong to the trade? Non deliveries, etc.

Will ModulTrade do security checks to the traders for its legitimacy to do its business? And also to the end users part.

I looked for some answers on the website of Modultrade, if you look at the following simple explanation of smart contract trading, you would think the trade cant go wrong.

STAGE I
Buyer and Seller set a Smart-contract
Buyer deposits funds with the Smart-contract
STAGE II
Seller ships goods once sees the funds locked by the smart-contract
Smart-contract is tracking goods delivery
STAGE III
Upon the goods are delivered Smart-contract releases funds to the Buyer

But yeah, what if during transport the product is damaged, then there must be some kind of insurance involved

I'm sure that as normal trading, insurance will be used for delivery. But who will pay for Insurance fee? Can enterprise use Modul tokens to pay for insurance?

The seller usually handles the transportation insurance. not sure if MT needs to get involved there.

I think with default shipping via the regular channels, the package is insured by default.
But it's true that it's always the seller who needs to take this into his account.

True. In general trade's best practices, the seller includes insurance on the goods (through the logistics) in his price. However, ... Modultrade is an open Platform. Remember? Cheesy

in the Meet, Commit and Execute chain, all ecosystem is involved. Including our insurance, and logistics partners who will propose their services on the Platform, making it a One Stop Shop for SMEs, who can take advantage of the network effect to benefit from optimized prices. and of the reputational network mechanisms to have a good service from a good Partner. a Win/Win situation for all.

JeanC

newbie

Activity: 13

Merit: 0

Quote from: ?? on ??

Don't you think adding more coin option will lead to less using your token will be less as most people used currency right now is bitcoin and then Eth so if they see eth then they will not either buy your token from any exchange and use in your system .

Hello Richard and welcome. You're right about the fact that people would probably prefer using coins that they have in their wallet to trade. But as the commissioning of Modultrade will be in MTRc and, as we are confident about the disruption that our marketplace will be introducing, we believe in both growth of the business and, mechanically, of MTRc value. After all, we are promoting freedom of trade, against the current binding banking system. Freedom begins by the freedom of choice 😉

JeanC

newbie

Activity: 13

Merit: 0

Quote from: ?? on ??

I would recommend to update and correct your whitepaper, its messed up, I don't understand some parts, while some others are ok, that would make investors think this is not a serious project.

Hello Chadrick. Happy to help in explaining, and even in amending if needed. Can you tell me which parts of the WP need clarifications and why? Thanks. Jean

DariaPT

member

Activity: 85

Merit: 100

Quote from: ?? on ??

is there already a german translation? i would kindly reserve it/them

You may check in the bounty thread https://bitcointalksearch.org/topic/bounty-thread-modultrade-up-to-1000-eth-to-share-neww-2240533
Seems german translation was not picked yet!

Yasemin

full member

Activity: 224

Merit: 100

Become Part of the Mining Family

Here is a new (short) video that explains how the trade is done, I really recommend you to check it, you will have a good vision of how the trade is done
https://www.youtube.com/watch?v=tz1ME5VBWFk

VitalyP

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

is there already a german translation? i would kindly reserve it/them

Hello, alphashotgun.
No doubt!
Actually, we're in the process.
What I can share for now is that there's going to be a pilot launch with German marketplace to finetune the product.

VitalyP

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

What makes me thinking that this project will be successful is that they already have a minimal viable product. There are very much token sales out there which want to raise so much money without even having a working product in beta or alpha stage.

Most of ICOs have only idea and ModulTrade has prototype. It's definitely good incentive to invest here Wink

Yep. It's going to be a game-changer for the entire industry while the project addresses the issues from the real world of trade.

VitalyP

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

Quote from: Yasemin on October 18, 2017, 10:38:31 PM

Quote from: ?? on ??

Will there be insurance to the trade? What if something goes wrong to the trade? Non deliveries, etc.

Will ModulTrade do security checks to the traders for its legitimacy to do its business? And also to the end users part.

I looked for some answers on the website of Modultrade, if you look at the following simple explanation of smart contract trading, you would think the trade cant go wrong.

STAGE I
Buyer and Seller set a Smart-contract
Buyer deposits funds with the Smart-contract
STAGE II
Seller ships goods once sees the funds locked by the smart-contract
Smart-contract is tracking goods delivery
STAGE III
Upon the goods are delivered Smart-contract releases funds to the Buyer

But yeah, what if during transport the product is damaged, then there must be some kind of insurance involved

I'm sure that as normal trading, insurance will be used for delivery. But who will pay for Insurance fee? Can enterprise use Modul tokens to pay for insurance?

The seller usually handles the transportation insurance. not sure if MT needs to get involved there.

Hello, boys and girls.
As a practice, transportation charges and insurance are born by the seller who arranges the delivery.
Hence insurance fee is payable by the seller.
ModulTrade ecosystem encompasses trade-related services and will provide multiple options for insurance, inspection, delivery and etc. Therefore, should the buyer have any discomfort in terms of insurance, he may always request to consider his/her choice. And that has to be decided between the parties. And of course, Insurance charges can use MT tokens to pay for the insurance.

Stay tuned for more news and have a great day ahead!

Yasemin

full member

Activity: 224

Merit: 100

Become Part of the Mining Family

Quote from: ?? on ??

Will there be insurance to the trade? What if something goes wrong to the trade? Non deliveries, etc.

Will ModulTrade do security checks to the traders for its legitimacy to do its business? And also to the end users part.

I looked for some answers on the website of Modultrade, if you look at the following simple explanation of smart contract trading, you would think the trade cant go wrong.

STAGE I
Buyer and Seller set a Smart-contract
Buyer deposits funds with the Smart-contract
STAGE II
Seller ships goods once sees the funds locked by the smart-contract
Smart-contract is tracking goods delivery
STAGE III
Upon the goods are delivered Smart-contract releases funds to the Buyer

But yeah, what if during transport the product is damaged, then there must be some kind of insurance involved

karkal

newbie

Activity: 18

Merit: 0

Quote from: ?? on ??

Quote from: karkal on October 18, 2017, 04:34:24 PM

Quote from: ?? on ??

Could ModulTrade be considered an escrow service for business transactions? Something like Alipay, but not for consumers but businesses?

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.

You make some good points there that I had not thought about. So ModulTrade is trying to replace Alibaba, Alipay and AliExpress by making them decentralized, blockchain-based and bound by smart contracts. That is a lofty goal but it is going to be an uphill battle trying to dethrone the biggest companies in the world.

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.

karkal

newbie

Activity: 18

Merit: 0

Quote from: ?? on ??

Could ModulTrade be considered an escrow service for business transactions? Something like Alipay, but not for consumers but businesses?

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.

Topic: [ANN][PRE-ICO] 🚀🚀 ModulTrade : The Freedom To Trade 🚀🚀 - page 215. (Read 91965 times)