There are over 400,000,000 small enterprises around the world but unfortunately, they all lack the resources to trade their goods directly with each other. A staggering 56% of these businesses that submit trade financial proposals in order to trade globally are being rejected by traditional institutions and face other barriers that limit the trades.

That’s where the U.K’s ModulTrade comes in. The company has created a smart-contract based platform that replicates traditional banking tools such as bank guarantees and letters of credit, in milliseconds at a much lower cost to the user. This platform is based primarily on the blockchain and opens the trading doors to small businesses worldwide. ModulTrade’s technology also offers new opportunities to these smaller enterprises that leverages them onto the same playing field as the bigger corporations.

By using the ModulTrade Platform (MTP) a small business that harvests and makes shea butter in Ghana, has the ability to now sell directly to the artisan cosmetic products business in Portland, Oregon. Both companies save time and money by not having to go to a bank and pay to fill out piles of paperwork that could be possibly rejected.

The ModulTrade will use its own (MTR) crypto token the platform that will allow you to buy and exchange the tokens directly on the platform itself. It was constructed on the Ethereum (available on Coinbase) platform and complies with the globally-accepted ERC-20 token standard. MTR will also be compatible with all ETHer wallets and can easily be added to common cryptocurrency exchanges for trading.

ModulTrade ICO started it’s ICO back on 11/28/2017 and has raised roughly $7 million, with just 22 days to go. They currently have distributed 5,782,730 MTRc with a nominal value of 8,261 ETHer (ETH). The company’s product replaces an inefficient system, empowers small business, and revolutionizes how the world trades. If you look to invest in any token sale, I always recommend really looking into why a product/token is made and how far it can go. To me, this will far exceed hundreds of the useless tokens out there.

Start Date: 28 Nov 2017. End Date: 27 Jan 2018

Learn more about ModulTrade here

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