Chaintrade
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1000 CTC=1 ETH
About Chaintrade
ChainTrade is the first blockchain-based platform for the trading of futures and options on food and raw materials (aka commodity derivatives). We aim to revolutionize a global market representing more than 2 trillion USD of trade per annum, by providing a decentralized platform that will be open to all, allowing small and big players to take part in the trade.
By utilizing blockchain technology, artificial intelligence, and Smart Contracts (as defined below), ChainTrade’s lean and efficient platform will dramatically lower the fees in comparison to the existing commodity exchanges, making it easier and more profitable for all stakeholders to trade derivatives on food and raw materials. All traders worldwide will have equal access to the platform – no special advantages such as co-located servers or better fees for the biggest players.
ChainTrade will provide standard and well-defined processes that will make payments, clearing and settlement processes more efficient, leading to cost and fees reductions and increasing traders’ profits. KYC and AML processes will be made more efficient thanks to artificial intelligence / machine learning.
Although ChainTrade is first and foremost a financial project with expectations of high profitability, our mission is also to contribute to more equal access of the world resources.
With a world population set to reach 9.8 billion people by 2050, while farming lands do not expand and more and more mines are depleted, food and raw material resources are likely to become more and more limited. In addition, fair trade and fair access to food and raw materials is not guaranteed today, as demonstrated in the aftermath of the 2007 financial crisis, when purchases made by major investors led to soaring food and raw materials prices.
Even though government authorities in the US and the EU have launched initiatives to tackle this problem, the issue of unfair access to food and raw materials still exists due to the centralization of commodity exchanges and the barriers for traders to access them equally.
Thanks to the blockchain technology allowing decentralization and distributed ledgers, ChainTrade wants to contribute to the solution by allowing anyone to buy and sell those fundamental products, irrespective of their country or wealth.
Features
By utilizing blockchain technology, artificial intelligence, and Smart Contracts (as defined below),
ChainTrade’s lean and efficient platform will dramatically lower the fees in comparison to the existing
commodity exchanges, making it easier and more profitable for all stakeholders to trade derivatives on
food and raw materials. All traders worldwide will have equal access to the platform – no special
advantages such as co-located servers or better fees for the biggest players.
Technical Info
Chaintrade Roadmap
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December 2016
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A Successfull Tech Entrepreneur Starts Thinking About His Next Venture.
Vincent Jacques is the founder of Planorama (2009), a Paris-based AI startup which employs 90 people and which is turning profitable with a sustainable growth. Vincent (main shareholder) appoints a new CEO and starts thinking about his next entrepreneurial project. He’s a crypto enthusiast and wants to be part of a new revolution: the blockchain. -
February 2017
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Vincent Jacques Decides To Disrupt The Commodity Derivatives Industry Through The Blockchain.
Among different ideas under review, disrupting the commodity trading industry seems like a good business opportunity. Vincent starts building a small project team and analysing the weaknesses of commodities derivatives markets worldwide. At that time, no blockchain startups exist in this field except for supply chain. -
May 2017
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Platform Architecture Under Construction, Built On Ethereum.
A team of developers hired by Vincent starts working on the development of smart contracts run on the Ethereum open-source platform. This is the foundation of the future ChainTrade Exchange: a derivatives market, partly decentralized, partly centralized. -
August 2017
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Decision To Prepare An ICO.
The ChainTrade project is so far funded by Blue Tiger, Vincent’s holding which owns a majority stake in Planorama. ChainTrade needs to become independant in order to develop itself and get its own funding. As other blockchain startups raise crypto-funds through ICOs rather than fiat money from VCs, Vincent decides to follow the same path. -
September 2017
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Legal Entity Behind The ChainTrade Project Established In Singapore.
ChainTrade Tech. Ltd. is incorporated in Singapore for two reasons. 1st: Singapore seems to be a good place to get a licence for financial markets. 2nd: Singapore is one of the main hubs for the blockchain industry, a crypto and ICO friendly country. -
October 2017
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Official Launch Of ICO.
The token is designed, the whitepaper ready. The ICO is officially launched, the sale of ERC20 tokens and the roadshow can start. -
December 2017
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ICO Closed.
The ICO is closed with mixed results. On the one side we did manage to convince some crypto holders to support the team and the project, enough to pursue our efforts 6 to 12 months further, but on the other side we did not attract enough professional investors and corporate ventures from the commodity industry. -
February 2018
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Strategy To Address Derivatives Starts To Be Questionned.
In view of all expenses incurred in 2017, the ICO will not cover the whole process and licensing fees. After being warned by merchants, brokers and trade finance professionals that we are targetting the wrong market, we are now facing a new challenge: the difficulty to convince professional investors to support this initial vision.
First Split Between A Derivatives Project And A Physical Trading Project.
While working on an equity fund raising, some of us start thinking about another way to use the blockchain technology as a disuptive tool within the physical trade of commodities (first split between what we called ChainTrade Derivatives and ChainTrade Physical). -
March 2018
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ChainTrade Derivatives: Decision Made For A Turnaround Plan.
Facing increasing issues with regulation, operating costs, the question of liquidity and product-market fit, we decided to adapt and apply our in-house technology to a different market: an exchange of cryptocurrencies. The new project is called Nebula Exchange and the decision was communicated to CTT holders via Medium and Telegram.
The Team Is Officially Split Into Two Groups.
Rohan Juneja, INSEAD, is appointed Head of Nebula’s business. The technology behind is ChainTrade Derivatives, the only change being the underlying assets supported for trading. Sebastien Blanchard, who joined end of december 2017, is in charge of ChainTrade Physical. Private Equity starts showing interest provided that this busines stays focused on trade finance.
2 Proposals Made To CTT Holders.
Without committing to any calendar, an alternative proposal is transmitted to CTT holders: a 1 to 1 conversion of their CTT tokens into Nebula Tokens (to be issued when Nebula will launch its own ICO). Or a conversion of their CTT tokens into ChainTrade Physical equity shares, provided a fund raising occurs in 2018. -
April 2018
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Nebula Exchange: Beta Version Ready.
Platform access progressively granted to more and more crypto traders. -
July 2018
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Nebula Exchange Launches Its Own ICO, CTT Holders Can Switch Their Tokens.
CTT holders will be able to purchase Nebula Tokens with CTT on a 1 to 1 conversion rate. -
December 2018
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Deadline To Get ChainTrade Equity Tokens Or Get Nebula Tokens.
The deadline to swap CTT against Nebula Token or to buy ChainTrade equity shares with CTT will be 31/12/2018.
Activity
Chaintrade Team
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Advisors
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Chaintrade Last News
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