ModulTrade is a smart contract blockchain-based ecosystem that enables micro, small and medium-sized businesses to trade easily, reliably and efficiently globally. The ModulTrade Token (MTRC), an ERC-20 token issued on Ethereum, is a key element of ModulTrade's B2B multilateral platform, enabling its users to connect and trade on the ModulTrade platform and its ecosystem.

Project Value

An MTRC is required for every trade on the ModulTrade platform.
Despite the limited number of MTRCs, the demand for MTRCs from 400 million SMEs trading should drive their value growth exponentially.
MTRC holders can guarantee and finance B2B transactions on the platform.

Project advantages

Blockchain for trade finance will allow 400 million SMEs to transact globally.
ModulTrade will provide credit to initiate B2B trade, smart contracts to secure payment and delivery, and end-to-end trade services.
Experienced Teams are Realizing a $6.7 Trillion Business Opportunity.

Project Solutions

The current financial system is not working well: the current trade finance system (such as letters of credit) is inefficient, and it favors those that are large and large in favor of a daunting process, while scale Smaller businesses are locked out of global trade because of high costs. As a result, 56% of SMEs' trade finance proposals were rejected (compared to 34% for large companies and only 10% for multinationals).

Modular trade will empower small businesses: Smart contracts will be replicated on modular trading platforms, such as letters of credit at lower cost. In this way, small businesses will no longer need to apply to banks for letters of credit or similar guarantees.

Modular trade will simplify global trade: Smart contracts will be used in modular trading platforms to replace time-consuming workflow processes and greatly reduce costs. Complex cross-border transactions and their associated services (such as freight taxes, insurance, etc.) can be done without a dedicated office department, but with little use on a smartphone. The cost of searching for a reliable counterparty and connecting with a business network will drop significantly.

With MTRC, trading and developing new fintech solutions will become easier: together with MTRC, every user will be able to execute transactions globally and cost-effectively. Every developer can avoid huge development costs by using the technical infrastructure of the modular trading platform, the use of which will be charged to end users.
Modular Trade and MTRC will help clients address the lack of trust and lack of access to credit for micro and small businesses, which is currently underserved by the banking system; in short, they will democratize global trade!

Related links:
https://www.qukuaiwang.com.cn/news/4287.html

*The above content is organized by YouToCoin official. If reprinted, please indicate the source.