On 28 November, ModulTrade launched their main token sale as a means of allowing users to participate and support functionality of their blockchain based global trade platform for micro, small and medium enterprises (MSMEs).
Cited as one of the Top 20 Most Promising Blockchain Technology Solution Providers, the ModulTrade platform taps into the heart of blockchain technology, providing users a secure platform, with a simple digital end to end trade process, and transactions in real time. The application of smart-contracts legally and efficiently replaces conventional financial trade instruments, such as letters of credit and bank guarantees. Overall, ModulTrade provides a new opportunity to MSMEs, minimise costs and time in a trusted digital marketplace, which allows businesses to meet, commit and execute trade securely.
Through continual development and testing of their minimal viable product, the ModulTrade technical team have found themselves in a position which rises above others, with bringing forward the launch of their fully functioning platform – a new digital marketplace which is now live and ready to trade on.
Currently, the ModulTrade platform accepts ETH (Ethereum) in addition to MTRc (the ModulTrade token) for funds, with plans to soon accept other ERC20 tokens, along with fiat (USD, EU, £ etc.). To allow entrepreneurs to use the ModulTrade Platform, some MTRc has been released for free float in the system. Users may buy and sell MTRc at a nominal price of 1ETH = 700 MTRc at the exchange, Etherdelta.com. Soon, the ModulTrade platform will buy MTRc at a nominal rate for fiat from merchants.
Commenting on the start-up, ModulTrade Co-founder and CEO Evgeny Kaplin, said: “ We launched our pre-sale in early October, our pre-sale has so far attracted participants to raise $1.5mln, or 3.5mln MTRc. We are very pleased with the progress of the sale, as much as with the development of our fully functioning platform and partnership with Contorion – the first company to pilot our platform in Germany.’
The company has attracted some of the best experts in the financial trade, global currency and facilities management industries, who sit on the advisory board. These include author of ‘The Future of Money’ Bernard Lietaer, LAToken CEO Valentin Preobrazhensky and co-founder and Chief Investment Officer of GTR Ventures Kelvin Tan, to name a few.
The ModulTrade system will change the way companies trade, open networks across the world, and provide a newfound opportunity to make MSMEs go from local, to global players.
ModulTrade opens its main token sale on November 28th, 2017.
Tokens to be distributed: 30’000’000 MTRc
Soft cap is set at: 5’000’000 MTRc
Hard cap is set at: 30’000’000 MTRc
Token price is set at 1 MTRc = 1/700 ETH
Payment is accepted in ETH, BTC, LA, fiat.