[ANN][PRE-ICO] 🚀🚀 ModulTrade : The Freedom To Trade 🚀🚀 - page 217.

VitalyP

newbie

Activity: 42

Merit: 0

Just read in the roadmap that the first three countries the platform will be operational are UK, Italy + Germany. Is there a specific reason why you haven chosen these countries?

Hello, Jay2408.
Based on the analysis of the countries, these three give the most lucrative choice to kickstart.
As an indication, there's one of the largest population of SMEs in the construction industry in selected countries.

ubercool

hero member

Activity: 1078

Merit: 504

Quote from: ?? on ??

Just read in the roadmap that the first three countries the platform will be operational are UK, Italy + Germany. Is there a specific reason why you haven chosen these countries?

Most of the crypto ICO's start with first world countries or major countries where crypto has been used widely from population. So I guess it was obvious to start with those countries.

Voltaje

sr. member

Activity: 350

Merit: 250

Quote from: ?? on ??

I hope ModulTrade can manage to remove third party completely while buying specific goods. It is really annoying to see the percentage that they are taking from themselves. For smaller items it can go up to 100% or more. Thats a real issue nowadays.

That is always an issue in traditional trading and business, the middleman is the one who gets a good percentage of any trading, and in a way, it seems fair, because the middleman acts as a trusted individual that will ensure the transaction is made and no part is a fraud, and even may refund if the worst happens, it has a reputation to maintain as someone who will ensure the safety of your funds, so in traditional trading, it was necessary, but now with the blockchain, we finally could be rid of it Cheesy

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Drokzid

sr. member

Activity: 935

Merit: 257

HAIL THE KING!

Quote from: ?? on ??

Is there any minimal viable product available yet? I really like the idea of this project but wanna see something.

Yes, you can try their MVP prototype which can be tested here: https://product.modultrade.com/

tiger5056

hero member

Activity: 686

Merit: 500

https://medium.com/@ModulTrade/how-will-the-modultrade-platform-connect-400mln-msmes-to-global-trade-5d2e80195a18 ModuleTrade nicely explained here.

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Quote from: ?? on ??

This project looks promising, but 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.

Yes please, can just agree. Tried to read the whitepaper this morning and I can't. It's so messy at some points that you have to guess what's written there.
And I really don't have time for such guessing games lol I can imagen, that other potential investors just think the same here, because they have to invest so much more time then needed to get the whitepaper right.

Can you tell me some messy point in the white paper? I think that idea is so great. It can connect all micro, small and medium enterprises in the world, not dependent on banking hours.

In my experience this often happens when you try to use some alternative pdf maker to Adobe Acrobat, it just shows up messy with some browsers like Firefox.
But you should use Chrome or Opera, because it's definitely worth reading and explains every aspect of the whole project pretty clearly.

VitalyP

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

With your ModulTrade Platform, what will be the difference in terms of length in time in business process against going thru regular trading system. Also, since you are bypassing all the "middle men" in trading system where the end user will be directly paying the supplier, is there a projection or study on how much saving will the end user get versus the real world trading?

Hello, T-Gee05.
the use of smart-contract proposes that business process will be inevitably T+0 vs. regular trade finance cycle that may start from T+1 upto no limit.
As compared to regular banking approach, banking fees and commissions may go beyond 10% upto 15%. However, MTP charges flat 1% from transaction volume.
Hope it will suffice!

VitalyP

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

Did I understand correctly that when using your ModuleTrade platform (MTP) for a trade, you can save up to 15% of the transaction amount? The amount that is charged by banks atm. Does this only apply when the Buyer pays in cryptocurrency? Because in the whitepaper under Trade process it is stated that the MTP still needs a bank that reserves funds on the buyers account if he is paying in fiat.

Hello, Sozialtourist.
Let me clarify this point.
The party may pay as much as 15% of the transaction value while dealing with the bank in order to receive trade finance product such as LC (letter of credit) or BG (bank guarantee). No doubt the charges may vary from country to country and very much dependent on conditions of financing.
Hence, 15% compared to ModulTrade transaction fee which is capped at 1% of transaction value.
Hope this clarifies enough.
The parties transact in crypto in MTP. And you are right, a bank account is used as an escrow account for fiat.

Evgeny Kaplin

newbie

Activity: 19

Merit: 0

Quote from: ?? on ??

Quote from: ArtemModulTrade on October 17, 2017, 02:45:07 AM

Quote from: ?? on ??

The concept of being a B2B marketplace is very interesting.
Will customers be able to do trading with fiat only and no crypto ?

Yes, customers can trade in fiat (this one of the first features we implement) while always pay the fee and in MTRc.
They also can trade in cryptocurrencies including MTRc.
MTRc will be trade on exchanges and also ModulTrade will buy MTRc back from Merchants.

How many cryptocurrencies are you going to implement? Anon coins like zec (and forks), xvg, nav, xmr? For sure btc, bch and ltc I guess

Hi!

we will start with ETH, MTRc, BTC and fiat currencies first

Fiat is very important in order to ModulTrade application is adopted by small enterprises

the next stage is to implement most popular cryptos SMEs may use for trade.

Evgeny Kaplin

newbie

Activity: 19

Merit: 0

Quote from: ?? on ??

How much raised in pre-sale please?

Hi!

we have commitments for over 30% MTRc reserved for Pre-sale

and we may decrease discounts for Pre-sale soon

ParRus

full member

Activity: 490

Merit: 104

this project was submitted on Blockchain Solutions Forum - Barcelona
found short video from this event:
https://www.youtube.com/watch?v=xNfobE8e8H0

FIEX

sr. member

Activity: 630

Merit: 276

Quote from: ?? on ??

Quote from: karkal on October 16, 2017, 05:22:58 PM

Quote from: ?? on ??

What will happen to unsold tokens which have not been sold during the ico phase?

Will those tokens be burned?

This is correct Drokzid. Unsold tokens will be destroyed.

why would they burned the tokens? If they can give all the tokens to all participants , that will be great instead of destroying the tokens.

Burning unsold tokens is just fair for all investors. It will help to keep up the value of the tokens.

Why not just create the tokens as soon as the ICO end so no need to burn unsold coins. That'll be better in my opinion!

Every ICO is different.
Some ICO's mint the tokens after crowdsale, some mint the tokens before and burn not sold tokens...

Some people can wait for the tokens until the end of the ICO
Some people want the tokens right away in there wallet

Its not possible to do good for everyone. Its the dissision devs make when they are preparing the pre- and crowdsale.
I dont mind waiting for my tokens

Yasemin

full member

Activity: 224

Merit: 100

Become Part of the Mining Family

In this link it is explained why smart contract is important. I found it very interesting, how did we survive before?
The philosophy of ModulTrade: what does the smart-contract mean for us and why will it be irreplaceable for small enterprises?
https://medium.com/@ModulTrade/the-philosophy-of-modultrade-what-does-the-smart-contract-mean-for-us-and-why-will-it-be-b21846fff277

ArtemModulTrade

newbie

Activity: 3

Merit: 0

Quote from: ?? on ??

The concept of being a B2B marketplace is very interesting.
Will customers be able to do trading with fiat only and no crypto ?

Yes, customers can trade in fiat (this one of the first features we implement) while always pay the fee and in MTRc.
They also can trade in cryptocurrencies including MTRc.
MTRc will be trade on exchanges and also ModulTrade will buy MTRc back from Merchants.

VitalyP

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

this project looks very interesting, if I correctly understood ModulTrade already has beta prototype?
I'll start reading whitepaper, and subscribe to updates in this theme!

You are right, ParRus. We do have a prototype at product.modultrade.com. This is to demo the concept, the scope and the UI.
We are working now on transforming into a production-ready MVP and you will hear more about it soon.
You may easily access our WP right here: modultrade.io
Stay tuned!

VitalyP

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

what is min/max cap hard requirement for this project to succeed? is this platform going to available globally or initial target is smaller region?

Many thanks for your interest tiger5056.
The caps details are published at our page - modultrade.io.
We aim to launch the product in a few pilot regions first, and ultimately our goal is a worldwide launch as soon as possible. Big chunk of the proceeds of the sale will be dedicated to geographical expansion. You can find more information in our WP or take a look at our roadmap online.

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: ?? on ??

can someone plain explain me detailed and easy, what this project is all about for a non technical vised person like me?

what i understood is, that this is a project for secure trades between retailers on a platform?

Actually the thing i understand that it is more like an escrow system.

Not just for retailers, everybody wants to have a transaction with someone and needs a guaranteed way to nobody gets scammed. Actually, the market really needs something like this, like their vision.

VitalyP

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

is USA and china allowed to be participate?

Hello, tiger5056. We do not invite US non-qualified participants because of the limitations of US jurisdiction.
While we do not have any restrictions for China.

VitalyP

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

This is look promising, I guess I have to watch out for this project. How much will be the charges for the transactions?.
I am interested with this

Hello, UCHCHILD. The transaction commission will be around 1% of the trade amount. This is much lower than what currently is being charged by banks, payment schemes, and alternative payment providers. This commission will cover ethereum network commission (gas), as well as risk and service premium of ModulTrade Value Ecosystem partners.

cantdecide

full member

Activity: 336

Merit: 112

Quote from: ?? on ??

This project looks promising, but 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.

Yes please, can just agree. Tried to read the whitepaper this morning and I can't. It's so messy at some points that you have to guess what's written there.
And I really don't have time for such guessing games lol I can imagen, that other potential investors just think the same here, because they have to invest so much more time then needed to get the whitepaper right.

Can you tell me some messy point in the white paper? I think that idea is so great. It can connect all micro, small and medium enterprises in the world, not dependent on banking hours.

I tried to read it but a lot of words and letter are just are shown over each other, making it impossible to read it. It shouldn't happen with a pdf document, shouldn't it?

Topic: [ANN][PRE-ICO] 🚀🚀 ModulTrade : The Freedom To Trade 🚀🚀 - page 217. (Read 91965 times)