Polytrade

About Polytrade

{"time":1704988761000,"blocks":[{"data":{"level":6,"text":"Highlights"},"type":"header"},{"data":{"items":["Polytrade is a receivables finance company catering towards the working capital requirements of SMEs.","It is intended to help them fulfill their orders to global enterprises such as Walmart, IKEA, Nike, and others.","Polytrade is developing a blockchain-based decentralized finance protocol that harnesses the massive liquidity pool of the crypto world to meet the working capital needs through invoice financing."],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Product"},"type":"header"},{"data":{"level":1,"text":"Polytrade allows SMEs to submit their financing requests through uploading details of the invoice from the company that they are supplying to, which allows the crypto investors to lend stablecoins into the lending pool, which earns them guaranteed yields."},"type":"header"},{"type":"paragraph","data":{"text":"Polytrade is a platform that seamlessly connects all parties involved in trade finance transactions, all of which are powered by blockchain technology.\r\n"}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/82o9bkuy458901lgdhajej0won4b","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/82o9bkuy458901lgdhajej0won4b"}}},{"data":{"level":6,"text":"Problem"},"type":"header"},{"data":{"level":1,"text":"Nearly 80% up to 90% of world trade is facilitated by trade finance."},"type":"header"},{"type":"paragraph","data":{"text":"This involves financial institutions having to provide short-term finance in the form of letters to credit, or guarantees that facilitate the exchange of goods and services. 60% of trade finance requests by SMEs are rejected.\r\nThis results in high costs of borrowing, tedious processes and paperwork, and other things which limit retails investors access to this asset class."}},{"data":{"level":6,"text":"Solution"},"type":"header"},{"data":{"level":1,"text":"The untapped opportunity in trade finance is at the $1.6 trillion range, and through connecting buyers, suppliers, insurance providers, and investors, Polytrade aims to transform global trade for high economic growth."},"type":"header"},{"type":"paragraph","data":{"text":"The platform intends to harness a vast pool of stablecoin liquidity and make it available for SMEs in need of receivables financing."}},{"data":{"level":6,"text":"Business Model"},"type":"header"},{"data":{"level":1,"text":"Polytrade enables smart receivables financing through bridging together finance providers and SMEs on a single platform."},"type":"header"},{"type":"paragraph","data":{"text":"The underlying real-world asset or the “Receivable'' is presented by an invoice which gets converted to a digital token and becomes investible for crypto investors."}},{"data":{"level":6,"text":"Market"},"type":"header"},{"data":{"level":1,"text":"Our competitive advantage over other similar projects is that we provide the crypto investors with a safe and insurance-backed investment in real-world assets such as invoices."},"type":"header"},{"type":"paragraph","data":{"text":"They get the opportunity to invest in real-world assets, which they did not have access to, and all of this is secured and insured, not just against code exploits or hacks but additionally backed by credit insurance for protecting real-world assets."}},{"data":{"level":6,"text":"Investors"},"type":"header"},{"data":{"level":1,"text":"Polytrade has raised $1.2 million."},"type":"header"},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/9fkijsurmpz7spkdup50wd0nb35h","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/9fkijsurmpz7spkdup50wd0nb35h"}}},{"data":{"level":6,"text":"Team"},"type":"header"},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/los7s7qa7tig0ablagvygst4qhuv","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/los7s7qa7tig0ablagvygst4qhuv"}}},{"type":"paragraph","data":{"text":"\r\n"}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/cyfpfh0kca16e0p0mcdn1q6pavlv","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/cyfpfh0kca16e0p0mcdn1q6pavlv"}}},{"data":{"level":6,"text":"Token Utility"},"type":"header"},{"data":{"level":1,"text":"$TRADE is the native utility token for Polytrade. Holding $TRADE allows validated holders to influence the protocol decisions, and staking $TRADE will get stakers rewards."},"type":"header"},{"type":"paragraph","data":{"text":"Borrowers can receive reduced interest rates for staked and payment done through $TRADE tokens. Buyers can receive discounts on invoices for settlements done on the Polytrade platform, and service providers can receive $TRADE for participating in the trade finance economy through performing key tasks of KYC, document validation, credit evaluation, and more."}}],"version":"2.27.2"}