The global trading world is about to witness a significant transformation, thanks to ModulTrade, a smart contract blockchain-based trading ecosystem, and its innovative MTRC token. This promising project looks set to empower small and medium-sized enterprises (SMEs) by making global trade more accessible, efficient and profitable.
What is ModulTrade about?
ModulTrade is on a mission to bring about a seismic shift in the way global trade operates. The main objective of the project is to include micro, small and medium-sized companies from around the world in the global commercial network. In addition, it will offer them an easier, more reliable and efficient means of carrying out international transactions. By harnessing the power of smart contracts and blockchain technology, ModulTrade aims to reduce costs for SMEs while increasing their revenue.
Rethink global trade
The company also envisions an open ecosystem where merchants, service providers (logistics, insurance, taxes, etc.), and third-party developers come together to serve businesses. This platform allows companies to meet with business counterparts and establish business agreements. In addition, users will be able to execute global transactions in a depersonalized and profitable way. The result is a simplified and efficient approach to global trade that harnesses the potential of blockchain technology.
Introducing MTRC Token
A key component of the ModulTrade ecosystem is the MTRC token. The latter is an ethereum ERC-20-based cryptocurrency designed to complement global trade. With the MTRC token, businesses with a smartphone can access global commerce. Additionally, service providers can offer their solutions on the ModulTrade platform and software developers can build applications on top of the platform. This comprehensive approach is poised to revolutionize the world of global trade.
Additionally, the MTRC token serves multiple purposes within the ModulTrade ecosystem. Customers can use it to purchase products and services on the platform, along with other traditional currencies.
Why ModulTrade and MTRC token?
The current trade finance system proves to be inefficient and favors large corporations, leaving SMEs with prohibitive costs. As a result, 56% of SME trade finance proposals are rejected. ModulTrade aims to address this imbalance by empowering small businesses with the benefits of smart contracts. These contracts can replicate instruments such as the letter of credit at a significantly lower cost, eliminating the need for SMEs to rely on banks for such guarantees.
Beyond empowering small businesses, ModulTrade also seeks to streamline global business processes. The MTRC token plays a critical role in making global commerce more accessible and facilitating the development of new fintech solutions due to its utilities.
Ecosystem characteristics
ModulTrade’s Multilateral Value Ecosystem (MVE) aims to connect global trade participants through four key components:
- Blockchain-based Multilateral Smart Contract Platform (MTP): This platform replicates trade finance instruments such as letters of credit and guarantees, offering MVE participants these services in a cost-effective manner.
- Trade-related services platform: Simplify business execution by using third-party service providers for payments, logistics, financing, taxes and accounting.
- Trade and Reputation Network: This network facilitates monetary transactions between MVE participants.
- Markets: These markets help participants find reliable global counterparties and make optimal decisions in terms of goods and prices.
All in all, ModulTrade ICO and the MTRC token have the potential to have a profound impact on the world of global trading. Small and medium-sized businesses will finally have the opportunity to participate in international trade thanks to this platform. ModulTrade High Rank ICO will be available soon.
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