OTPPay: Making Cryptocurrencies Mainstream

OTPPay will allow the mainstream to use cryptocurrencies.

With blockchain technology potentially lowering the costs of transactions and providing greater transparency, OTPPay intends to be a leading online wallet allowing ordinary individuals to use cryptocurrencies whenever they wish. OTPPay stands for Omni Token Platform for Payments, which, besides facilitating payments, will also provide loans.

Blockchain technology is becoming an increasingly disruptive force in finance, given its distributed and decentralized nature. As a distributed and decentralized ledger, all users can see transactions that cannot be modified or reversed by any one party. Because transactions are immutable, they allow parties to transact in a trustless manner that does not require third parties such as brokers or traditional payment processors. Blockchain technology is also extremely secure, giving confidence to its users. Second-generation blockchains such as Ethereum can execute smart contracts, which are contracts that automatically execute when the conditions of two parties to a transaction are fulfilled.

By using blockchain technology, OTPPay will lower the costs for merchants and bring savings to consumers by letting them transact without intermediaries. The dominant payment processors of today charge one to five percent for transactions, which not only reduces profits for merchants but also leads to increased costs for consumers, given that the costs are passed on to them. By contrast, OTPPay will charge .5 percent to support the further development and marketing of the platform.

The reduced costs for merchants will especially be beneficial to those with thin margins and those saddled with costs. With substantial cost savings for merchants, some of this will be passed onto consumers in the form of loyalty programs and other discounts. For the billions of unbanked people in the world today, particularly in developing countries, the ability to bypass the traditional banking system by making payments using mobile devices will provide new opportunities to obtain needed goods and services. Additionally, OTPPay will provide lending services with credit ratings based on the histories of customers.

Though OTPPay will offer debit cards, users can pay for goods and services with a user-friendly app that allows them to scan the QR code of a merchant to make an instant payment. The platform will also allow payments to be made using NFC (near field communication), which allows payments to be made in a contactless manner using a mobile device. The app will allow users to see their ownership of cryptocurrencies and transaction histories, and will allow users to set their own security settings. Importantly, the platform will use advanced algorithms to detect fraud and protect users.

The native token of the platform, OTP, will be used as the basis for all transactions and will be required to use the platform. As the native token of the platform, it will ensure continuous liquidity and frictionless trading with other cryptocurrencies. 1,000,000,000 OTP tokens will be minted in total, with no possibility to create or mint new ones, thus supporting the value of this utility token. Each month, .10 percent of the transaction revenues earned by the platform will be used to buy back tokens that will be permanently burned, reducing the supply over time.

The pre-ICO of OTPPay is taking place from March 5, 2018 to April 3, 2018. The ICO, divided in two stages, will take place from April 4, 2018 to June 2, 2018. During the pre-ICO, one ETH will purchase 16,000 OTP tokens, and during the ICO one ETH will purchase 8,000. As an innovative project aiming to disrupt finance, OTPPay will be a project to keep an eye on.

*I am receiving OTP tokens for the growth of the community.

To find more information about OTPPay:

Website: https://otppay.io/

Whitepaper: https://otppay.io/Assets/otppay-whitepaper/OTPPAY_White_paper_v1.1.pdf

Altair VR: Next Generation Encyclopedia

Altair VR is a next generation encyclopedia.

To make learning more interactive and enjoyable, and to bring virtual reality (VR) to the masses, Altair VR is developing an VR encyclopedia powered by the blockchain to achieve these goals. The team behind Altair VR has been using VR to encourage appreciation for astronomy among hundreds of thousands of children in Russia. With this new project, they aim to expand the possibilities of the technology.

The team behind Altair VR began by building 15-foot wide mobile domes that children could enter for an 3D immersive experience with outer space. These domes became highly popular in Russia, giving children a newfound appreciation and understanding of astronomy. With the advancement of technology and seeking to bring VR to wider audiences, the team decided to use VR headsets that could expand the possibilities of VR for children and adults.

The advantages of VR for education have been made evident from studies on learning. The involvement of immersive experiences in learning promotes active rather than passive learning, where participants can directly engage in the subject matter, thus making it more relevant. Additionally, VR promotes direct rather than symbolic learning, which can reinforce concepts and facilitate greater understanding of the subject matter. VR can also be used as a supplemental mode of learning that complements rather than replaces traditional learning with textbooks.

Using a VR headset, the possibilities for users are expanded to many different subjects. Users can go back in time to see dinosaurs in action, previous events in history such as ancient Egypt and Rome, and can go forward in time to see what the future may be like. Users can zoom in to the interactions of atoms and molecules; travel through the human body to see its organs and functioning; and can zoom out and see larger bodies such as planets, stars, and galaxies. Users can also be teleported from one place or period of time to another as they wish.

The blockchain will allow for the use of the utility token of the platform, ALT, to access premium content created by users. Users who create content can decide if they will charge others to access their creations. This can incentivize artists and software developers to express their creativity in a manner that promotes entertainment and learning. Because transactions on the blockchain are secure and immutable, users can be assured of the status of transactions. As an ERC20 token, ALT can be stored in popular Ethereum wallets and traded at exchanges. Additionally, the immutable nature of the blockchain will protect copyrights on the platform, which are critical for encouraging creativity.

To raise funds to bring this grand vision to reality and promote learning all over the world, Altair VR is having a crowdsale. The first part of the crowdsale, the pre-ITO (“initial token offering”), will take place from March 20, 2018 to April 15, 2018. The second part of the crowdsale, the ITO, will take place from April 16, 2018 to May 31, 2018. In total, 1,000,000,000 ALT tokens will be minted, and the tokens dedicated to the team will be frozen for one year to incentivize the development of the platform. With their dedication and focus on making learning entertaining, the Altair team has plenty of potential to take VR to the next level.

*I am receiving ALT tokens for the growth of the community.

To find more information about Altair VR:

Website: https://altairvr.io/

Whitepaper: https://altair.fm/ico/whitepaper_altairvr_en.pdf

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2468761

EQUI: Tokenizing Venture Capital

EQUI Capital will tokenize venture capital investing.

We live in an era of profound and growing wealth inequality, and this inequality is largely the result of a lack of opportunity. One cryptocurrency project that seeks to bring the advantages of venture capitalism to the masses is EQUI, by allowing investors to participate in promising investments previously available only to the elites. With blockchain technology, ordinary investors finally have opportunities of which they have been deprived by traditional financial institutions.

Blockchain technology facilitates new opportunities for venture capitalism due to its decentralized and transparent nature. As a distributed ledger that cannot be tampered with or censored, it provides easy access and unmatched security for users. This means anyone can participate in the ecosystem regardless of their nationality, status, or wealth. The blockchain will therefore allow a new pool of investors to fund new enterprises, and, by allowing the tokenization of assets — the conversion of traditionally paper assets into digital tokens — can do so in amounts that they prefer, fitting their level of wealth or socioeconomic status.

Traditionally, venture capitalism has been the preserve of the wealthy, sometimes called “angel investors,” who are approached by entrepreneurs seeking funds and sometimes expertise in exchange for surrendering a percentage of the venture. While these ventures are typically high-risk, the rewards for their success can bring enormous returns for investors. The exclusivity of this form of financing only exacerbates wealth inequality globally, undermining the meritocratic ideals of modern civilization, and arguably keeping the capitalist system from reaching its full potential due to restricted access to credit.

The EQUI platform, founded by Doug Barrowman and Baroness Mone of Mayfair,  who have decades of experience in venture capitalism, will open new possibilities for ordinary investors. EQUI will disrupt the status quo in the industry by giving those who own its native tokens, EQUItokens, an opportunity to invest in emerging ventures on its platform and be rewarded according to the performance of these ventures. Investors will be able to earn 75 percent of net returns on investments, and will be given bonuses according to their participation on the platform.

The EQUI platform will run on top of the Ethereum blockchain, which is widely used due to its security and smart contract capabilities. Smart contracts are automatically executing contracts that execute when the stipulations of two parties to an agreement are fulfilled. They prevent the need for expensive trusted intermediaries such as brokers or agents. The EQUItoken is ERC20 compliant and can thus be stored in popular Ethereum wallets such as Mist and MyEtherWallet, and traded at exchanges for other cryptocurrencies or fiat currencies.

To fund the project and bring its vision to reality, EQUI will hold a presale from March 1, 2018 to March 14, 2018, and an ICO from March 15, 2018 to April 12, 2018. A minimum investment of $100 is required for the ICO. In total, 250 million EQUItokens will be minted, and 65 percent will be available during the crowdsale (including the presale). Each year, the supply of EQUItokens will grow by five percent each year to incentivize use of the platform with a loyalty program. The nominal price of the EQUItoken will be $0.50 during the ICO.

Investors who seek to gain exposure to a venture capital project using the blockchain to bring the industry to the mainstream should consider, after doing their own due diligence, whether this fascinating crowdsale is right for them.

*I am receiving EQUItokens for the growth of the community.

To learn more about EQUI:

Website: https://www.equi.capital

Whitepaper: https://www.equi.capital/whitepaper/EQUI_Whitepaper_050218.pdf

IP Exchange: Decentralized IP Sharing

IP Exchange will allow users to buy and sell IPs.

An interesting new blockchain project has emerged, IP Exchange, that will allow users to buy and sell IP addresses on a decentralized exchange. The native token of the platform, IPSX, will be used as a medium of exchange among its users. IP Exchange will allow users to bypass censorship or internet filters, and avoid intrusive spying by organizational entities.

The reasons for wanting to use IPs other than one’s own are varied. Businesses may need many IPs to communicate faster or more effectively with their clients or potential clients, users may fear repercussions from oppressive regimes, and some users may feel it promotes privacy.  Whatever the case, the market currently lacks a variety of choices for consumers. For example, the TOR network that uses “onion” routing is notoriously slow due to the lack of incentives for users to share their IPs. The IP Exchange platform will reward users that sell their IPs with IPSX that can easily be converted to other tokens or cryptocurrencies, or even fiat currencies, at exchanges.

The smart contracts on the blockchain facilitating the exchange of IP addresses are transparent and will protect users. Therefore, if a user is to engage in illegal activities while using another user’s IP, the person who sold the IP will be removed of liability as it can easily be verified that the IP was used by someone else. The open nature of the exchange, allowing individuals and businesses to participate, will bring more options to consumers to bypass censorship or filters and avoid surveillance. Consumers will have the option to rent IPs from anywhere in the world over a period of minutes up to a month or more without getting stuck in a contract they do not want.

Potentially, IP Exchange can foster a culture where privacy is respected and once again normalized. As users and businesses realize that there is profit in protecting privacy and human dignity, they will seize on this opportunity and reinforce the notion that business and ethics can be compatible. Just as there is technology that removes privacy, there is technology that promotes and broadens it, of which IP Exchange is an example.

The crowdsale for IP Exchange begins February 28, 2018, giving investors the opportunity to gain exposure to this unique blockchain project. A total of 1.8 billion IPSX will be created, with half offered for sale. The tokens dedicated to the team and the amounts raised with allow for further development and marketing of the project. Given the need for IPs among individuals and businesses, IP Exchange is a potential game-changer for privacy and commerce.

*I am receiving IPSX for the growth of the community.

To find more information about IPSX:

Website: https://ip.sx/

IPSX ANN: https://bitcointalk.org/index.php?topic=2897132.0

Telegram: https://t.me/IPExchange

Whitepaper: https://ip.sx/dist/Whitepaper-IPSX-05.pdf

Lucyd: Next Generation AR Smartglasses

Lucyd offers next generation AR smart glasses.

To bring augmented reality to the mainstream, Lucyd has designed smartglasses that are technologically sophisticated and ergonomic. The project understands that among the main impediments to the widespread adoption of AR is discomfort while wearing AR devices. Lucyd has thus made a conscious effort to make the devices feel as natural and comfortable as possible, while not compromising on the technical aims.

Lucyd has implemented key design features to make the smartglasses as comfortable as possible. First, the smartglasses are lightweight, thus letting users get easily accustomed to wearing them. Second, the smartglasses look and feel like regular glasses, preventing users from looking out of place in a crowd, as with smartglasses from competitors. The microdisplays on the lenses are therefore transparent. Third, there are no buttons, wires, or cables visible on the exterior of the smartglasses. The wires and components giving the smartglasses AR capabilities are in the stems. These are just a few of the design features that will draw ordinary people to the smartglasses.

While using the smartglasses, users will experienced an enhanced reality interwoven with internet data to bring convenience to users. As users walk in public wearing them, the microdisplays on the lenses will allow them to view the online profiles of passersby, information and offers of nearby businesses, and information about landmarks, among many other things. Users can even check their email while taking a stroll in public.

The team behind Lucyd has a diverse array of skills, with experts in AR, optics, and ergonomics. Lucyd has the exclusive license to use 13 patents developed by scientists at the University of Central Florida, and among its team and advisers has seven PhDs. By bringing leading scientists to assist with the project, Lucyd aims to take the lead in the market for AR smartglasses, offering cutting-edge technology based on rigorous research.

The native token of the platform, LCD, is ERC20 compatible, running on top of the Ethereum protocol. In total, no more than 100 million LCD will be minted. Developers who create apps for the smartglasses will be rewarded LCD based on reviews, and users who provide reviews will be rewarded LCD. LCD can also be used to buy the smartglasses. By rewarding both developers and users, the platform will promote engagement and continue to lead in innovation.

The token crowdsale offering LCD for $0.25 ends February 28, 2018. After the crowdsale, the tokens apportioned to the team will be locked up for 12 months, protecting investors from a massive market dump of the tokens. All unsold tokens that were offered will be burned, further reducing the overall supply of LCD. Investors interested in gaining exposure to a leading AR project with academics and scientists may find this crowdsale irresistible.

*I am receiving Lucyd tokens for the growth of the community.

Author: pushups44

To find more information about Lucyd:

Website: https://www.lucyd.co

Whitepaper: https://www.lucyd.co/wp-content/uploads/2017/09/whitepaper.pdf

Biometrids: Eliminating Identity Theft

Biometrids uses biometrics and the blockchain to eliminate identity theft.

Using maching learning software and blockchain technology, Biometrids aims to eliminate identity theft of all types. Biometrids will create an app that will allow users to identify themselves when conducting transactions by scanning their faces with a mobile device, with IDs and verification recorded on the blockchain.

The primary use-case of Biometrids will be the storing of IDs associated with numerical values on the blockchain. Importantly, images and personal information will not be recorded, thus giving users anonymity. Once users scan their faces with a mobile device and verify themselves, counterparties to a transaction can be certain that users are who they say they are and can verify if they have ever been flagged due to a fraudulent transaction. Because of the immutable nature of the blockchain, there will be a strong disincentive to commit fraud while using this platform, given that the ID will be permanently flagged.

Another important use-case is preventing the theft of package deliveries. Shipping companies will be able to scan the face of the person receiving a package to ensure the person receiving it is the same person who ordered it. If there is not a match, the package is non-delivered. This technology thus has the potential to eliminate disputes regarding non-delivered packages.

The process of verifying a person’s ID has two parts: Requesting an ID and verifying the ID. A party will send another party a request to verify ID, and the other party will in turn scan their face for verification. Each of these transactions will be paid for with IDS, the native token of the platform. These transactions will cost 0.1 IDS, 90 percent of which will reward nodes that authenticate faces and the remainder will go to the Biometrids foundation, to support further development of the platform.

Nodes will be randomly selected to verify IDS, and they will be required to stake at least 10,000 IDS and to have sufficient hardware. The nodes throughout the network will ensure the platform remains decentralized. By using nodes to secure the network and ensure it remains decentralized, the network will be resistant to outside interference from third parties such as hackers or governments.

Among the greatest challenges for facial scanning software is twins, which the platform solves. When registering, users will be asked if they have a twin who is already registered, and if they do, the other twin will have to provide a password and both will be able to scan their faces for more complex calculations that allow the system to differentiate between the two.

In total, no more than 100,000,000 IDS will be created, thus allowing its value to rise as demand for the token rises due to increased use of the platform. As an ERC20 compatible token, IDS can be stored in popular Ethereum wallets such as Mist and MyEtherWallet and traded at exchanges. The ICO for Biometrids, during which IDs can be bought with bonuses available depending on the phase, is taking place from February 19, 2018 to March 19, 2018.

Emphasizing long-term growth rather than a short-term hype cycle, all unsold tokens during the ICO will be locked for five years and available to be purchased afterwards by early investors. 20 percent of the tokens dedicated to the team and foundation will be locked for a period of three years. Investors interested in a project employing cutting-edge biometric technology that can potentially eliminate fraud and that focuses on long-term growth and survival should consider this fascinating opportunity.

*I am receiving Biometrids tokens for the growth of the community.

To learn more about Biometrids:

Website: https://biometrids.io/

Whitepaper: https://biometrids.io/download/BiometridsWhitepaper-interactive.pdf

Telegram: https://t.me/joinchat/E-BNGBDaHcasMMJOlsEPmw

NapoleonX: Algorithmic Trading for Everyone

NapoleonX allows investors to use the latest developments in algorithmic trading.

To foster the mainstream adoption of cryptocurrencies and tokens and provide ordinary investors with the tools to trade assets that only powerful institutions currently have, NapoleonX will launch a platform whereby anyone can profit from the creation and usage of trading bots by decentralized autonomous funds (DAFs). By applying the latest developments in artificial intelligence (AI) and machine learning, NapoleonX promises to reduce volatility for investors and bring a consistent yield.

Anticipating the increasing tokenization of the economy, whereby the ownership of goods and services will be digitized and traded on alternative exchanges, NapoleonX seeks to bring to ordinary investors the algorithmic technology to trade these investments that hitherto has been available to powerful corporations. By creating a user-friendly platform, NapoleonX aims to draw non-technical investors in to reap the rewards of the unique technology offered, giving investors a return on the fees charged to DAFs for using trading bots.

The NapoleonX platform will run on top of the Ethereum blockchain, which is a transparent, immutable, open-source ledger. By allowing for “smart contracts” — self-executing contracts when conditions set by two parties are met — financial intermediaries are unneeded, reducing transaction costs and increasing their speed. Since the Ethereum blockchain is transparent and globally viewable, investors will have confidence in the platform as the likelihood of fraud is substantially reduced.

The native token of the platform, NPX, is ERC20 compatible, allowing it to be stored in popular Ethereum wallets such as Mist and MyEtherWallet. Besides being entitled to license fees from DAFs that use proprietary trading bots, NPX token holders will be entitled to trade signals depending on how many NPX they own. Those who own 10,000 or more NPX will receive signals first, those with 1,000 to 9,999 will receive signals next, and those who own less than 999 will receive signals last. No more than 50,000,000 NPX will be created, thus allowing it to increase in value as use of the platform grows.

NapoleonX will have a user-friendly app.

The highly anticipated NapoleonX ICO will end February 28, 2018. The minimum contribution is 0.3 ETH, 0.05 BTC, or 750 euros, and one ETH will buy 1,000 NPX. Those who invest before 10,000,000 euros is raised will be entitled to a bonus. The hard cap is 15,000,000 euros. Investors thus have time to gain exposure to a promising platform that will work on bringing algorithmic trading to the mainstream.

Author: pushups44

To learn more about NapoleonX:

Website: https://napoleonx.ai/

Whitepaper: https://napoleonx.ai/static/pdf/en/npx_white_paper.pdf

Coinvest: Democratizing Cryptocurrencies

Coinvest democratizes investing in cryptocurrencies.

Seeking to capitalize on the growth of cryptocurrencies as an asset class and democratize access to them, Coinvest in building a decentralized platform that will allow users to easily set up a portfolio of cryptocurrencies and trade them. Using the native token of the platform, COIN, users are able to invest in many cryptocurrencies and index funds.

Because of the technical sophistication required of investing in blockchain assets and cryptocurrencies, they have largely been confined to high net worth investors and the technically savvy. The technical complexity has prevented average people from benefiting from the extraordinary growth of cryptocurrencies, which collectively amount to hundreds of billions of dollars in market capitalization. To give access to mainstream investors to cryptocurrencies, Coinvest is developing a decentralized, secure, user-friendly investment platform.

COIN, the  principle currency of the platform, is ERC20 compatible and runs on top of the Ethereum blockchain. The total supply of COIN will not exceed 107 million, causing its value to rise as the platform and hence the token becomes more popular. COIN will bring liquidity to the platform and is used to settle the trading of other cryptocurrencies. Moreover, users will earn COIN depending on their trading frequency, and will be compensated in COIN if they allow other users to copy their trades — a practice called “copy-trading”– with 50 percent of the trading fees from those who copy their trades.

Coinvest will also issue a debit card that allows customers to spend their cryptocurrencies and tokens for everyday goods and services. By providing this essential feature, ordinary investors will be able to see tangible benefits to owning cryptocurrencies. Among the prime obstacles in making cryptocurrencies more widely accepted has been the difficulty in converting them to real-world goods, and even with one another in a user-friendly way.

The Coinvest crowdsale is taking place February 16, 2018 and is scheduled to end March 16, 2018. The hard cap is $30 million. The minimum investment is 0.01 ETH, and 1,000 COIN will be offered for $700. Investors eager to participate in the democratization and mainstreaming of cryptocurrencies may want to consider Coinvest based on its unique offerings.

*I am receiving Coinvest tokens for the growth of the community.

To find more information about Coinvest:

Website: https://coinve.st/

Whitepaper: https://docs.google.com/document/d/1ePI50Vd9MGdkPnH0KdVuhTOOSiqmnE7WteGDtG10GuE/edit

Sharpe Capital: Profiting with AI and Machine Learning

Sharpe Capital uses AI and machine learning to crowdsource sentiment for profit.

Sharpe Capital has created an innovative investment platform for crowdsourcing sentiment to make predictions about the markets, while rewarding participants based on their accuracy and how many tokens they own. By creating an investment platform using artificial intelligence (AI) and machine learning on the blockchain, Sharpe Capital is paving the way for the democratization of finance.

The Sharpe Capital team has developed a proprietary algorithm using economic data, real-time news and events, crowdsourced sentiment, and NLP (neuro-linguistic programming) data to predict market trends across various asset classes. Using its own proof-of-stake metric, the platform is able to calculate the level of confidence of participants and reward them based on their confidence and accuracy. Using the Ethereum blockchain, each participant will have a proof-of-reputation immutably registered and viewable based on their history of predictions. Unlike prediction markets, there is no cost to inaccurate forecasts: rewards will simply be increased or reduced based on the accuracy of previous predictions, as reflected in the proof-of-reputation.

Using the power of blockchain technology, Sharpe Capital will be a disruptive force in finance and empowering for ordinary investors. The blockchain will keep a permanent record of trades and disbursement of money on the decentralized platform, preventing manipulation and fraud. By creating a platform where all transactions are globally viewable, investors will have more confidence in the platform than in traditional brokerages where transactions are hidden from view, particularly from investors and traders.

Sharpe Capital uses AI to make market predictions.

Sharpe Capital plans on creating two tokens: SHP and SCD. The SHP token will give users the right to provide market sentiment on the equity markets and blockchain assets and make predictions on them for rewards. Participants will be paid in ETH depending on how accurate their predictions are and how many SHP tokens they own. SHP will also be the native token of the platform that can be used by hedge funds to purchase market sentiment derived from the platform. Sharpe Capital plans to release the Sharpe Crypto Derivative (SCD) token in the first quarter of 2019, which will represent ownership in its investment fund based on crowdsourced sentiment, using AI and machine learning.

The Sharpe Capital crowdsale is ongoing and will end February 5, 2018. Thus far, the project has collected almost 2,500 ETH, or about $2.5 million, showing investors have been enthusiastic about it. In total, no more than 130,000,000 SHP will be created. Investors thus have some time to purchase tokens to gain exposure to this cutting-edge project that may revolutionize the financial industry.

*I am receiving Sharpe Capital tokens for the growth of the community.

To learn more about Sharpe Capital:

Website: https://sharpe.capital/

Whitepaper: https://s3-eu-west-1.amazonaws.com/sharpe-website/whitepaper.pdf

ModulTrade: Democratizing Global Trade

ModulTrade will allow businesses to make trade agreements using the blockchain.

With the advent of blockchain technology, ModulTrade has emerged to allow businesses to trade with one another in a cheaper, faster, and more secure way. The ModulTrade Value Ecosystem, MVE, is the name of the ecosystem for facilitating trade.

By using blockchain technology to improve trade, ModulTrade aims to tap into the global B2B (business-to-business) ecommerce market, which is expected to grow to $6.7 billion by 2020. The team behind ModulTrade aims to capture a market with 400 million MSMEs (micro, small, and midsize enterprises).

The ModulTrade blockchain platform will lower costs of trade for businesses.

Blockchain technology allows parties to execute contracts when their criteria are met without the need for expensive third parties such as banks. The blockchain ledger of transactions is immutable, trustless, and tamper-proof. By lowering costs and other barriers to B2B trade, ModulTrade will make it easier for businesses to compete in the global marketplace. The high costs of conducting business, especially internationally, favor large corporations with greater capital, which can obtain financing much easier than small and midsize businesses. By lowering the costs of conducting business, ModulTrade will empower small to midsize businesses and give the leverage they need to survive and thrive in the market.

As an example, using smart contracts on the blockchain, small businesses can use them to create Letters of Credit and other trade guarantees without requiring banks, which charge relatively high commissions. Using the MVE, a Letter of Credit protocol will be applied using a smart contract to ensure the seller delivers the product to the buyer and the buyer pays for it. According to the protocol, the buyer releases funds into the smart contract, which acts as an escrow agent. Funds are released to the seller once the product is delivered within the time previously agreed. If the product is not delivered, funds are returned to the buyer.

The time-savings using MVE will also allow businesses to run more efficiently. With its user-friendly platform, taxes and insurance costs can be calculated without the need for third parties for validation. By integrating these fees into smart contracts, businesses can conduct more trades in a more timely manner and cut costs, substantially boosting their profits. Using the blockchain, these transactions can be done in real-time, avoiding the delays that currently hinder global trade.

According to CIO Review, ModulTrade has been rated one of the top 20 Most Promising Blockchain Technology Solution Providers of 2017. The panel that made that decision was comprised of top executives, venture capitalists, industry analysts, and the magazine’s editorial board. In particular, ModulTrade was recognized for its novel use of blockchain technology and for its potential to facilitate global trade.

The ModulTrade token, MTRc, plays an essential role in the ecosystem, allowing businesses to interact with one another and initiate transactions. It is ERC20 compatible and runs on top of the Ethereum blockchain. As the amount of trade on the platform grows, the more demand will exist for MTRc, thus potentially rewarding investors in the log run.

The ICO for ModulTrade ends January 27, 2018. Given the innovation within the project and the potential growth in this untapped market, investors will likely be well-rewarded should ModulTrade fulfill the goals in its whitepaper.

*I am receiving ModulTrade tokens for the growth of the community.

Author: pushups44

For more information about ModulTrade:

Website: https://en.modultrade.io/

Whitepaper: https://en.modultrade.io/ModulTrade_White_Paper.pdf?v1