Welltrado is an already operating scalable blockchainbased platform that seeks to enable investors to buyand sell loans from thousands of diferent loanproviders globally, invest into peer-to-peer lendingfunds (P2P) and manage investment portfolios.
There are three major problems:
Difficulties in diversifying and managing investments;
Issues with transparency and reputation; Problems with the mobility of cryptocurrency and assets across borders.
We propose three solutions to them:
Cross-platform loan aggregator with ratings and blockchain;
Welltrado P2P fund for global and cross-border investors;
Portfolio management of loans across platforms in a single dashboard.
BENEFITS FOR INVESTORS:
Up to 10X higher returnsWe provide the ability to invest even in platforms where it has not been possible for more than 10 years. We believe that returns should not vary based on where you live – everyone should have access to high-interest rates.Up to 7X fasterOn average, traditional investors open accounts on 7 different P2P Lending Platforms. It might take days or even weeks to pass a verification process, get used to the new interface, and even longer to manage and track investments. Welltrado makes this process much faster. Create an account at Welltrado, get verified, and all platforms and their loans can be reached with a single click.More than 10M loans in a single dashboardNo one can stop your lending, not even politics, economic policies or banks. No middleman, just you and the loans. Lower your risk by choosing from thousands of P2P lending platforms and millions of loans.
BENEFITS FOR LENDING PLATFORMS
Up to 20% more investmentsWelltrado works exclusively with retail and institutional investors only. Internet Lending Platforms have a great chance to get additional investments to their loans while working with Welltrado in a 100% automated and optimized way.100+ different deposit optionsCurrently, 95% of Lending Platforms have very few deposit options. In most cases, there is a single PSP integration, or perhaps none at all. Welltrado will provide Lending Platforms with „Payment aggregator module“ which will enable investors to deposit money from any bank or e-wallet (including Paypal, Skrill, Neteller, Credit Cards, Mobile payments + 100 other different methods).10x faster administration process for investorsMany big Lending Platforms prefer to work with a few big investors rather than many single individuals because of the cost of administration and verification time. After the ICO Welltrado will seek to become an Asset Management company, making us the preferred source of investments for Lending Platforms. Welltrado will take care of the KYC of investors.15% less defaulted loansWelltrado‘s goal is to aggregate loans from Lending Platforms. With millions of loans gathered, and with the help of big data and machine learning, we will be able to notice particular patterns of loans and borrowers. Therefore, we will be able to assess the risk not just on a local, but on a continental level. This means that Lending Platforms will get the additional know-how to their own risk-assessment process and will be able to improve the “Risk score” of the loans, making investments on their platform more attractive.
Welltrado will seek funding through an ICO (Initial Coin Ofering) in March 2018.The Welltrado token sold during the token launch is known as the Welltrado token,or WTL. This is the only time that these tokens can be created, and therefore thetotal supply of WTL is fixed.FeesFees, similar to those of a P2P lending market, will be charged to participants on the Welltradoservices and applications layers (but as a reminder, not the basic core layer). These fees willinitially be denominated in cryptocurrency, namely ETH.WAT tokensWelltrado seeks to not only create interesting software, but also a community of those interestedin sharing their lending wisdom about Welltrado markets. To do this, we have created a model thatlowers the barrier to entry for repeat users (e.g., having to pay ETH repeatedly). Therefore, inaddition to paying this fee in ETH, Welltrado ecosystem participants will be able to pay the fee inWelltrado Access Tokens, or WAT tokens.Welltrado Access Token (WAT) can be used to pay platform fees on the services layer or forbuying/selling in Welltrado loans market or paying fees for funds management.WAT will be pegged to $1 worth of fees. This way, WAT acts as a coupon for $1 of use withinWelltrado.Smart contractWelltrado tokens (WTL) are the generator for access token (WAT) creation. WAT can only becreated via activating the utility of the Welltrado (WTL) tokens. This is done via a smart contractsystem.The smart contract works as follows: WTL holders agree to “lock” their tokens in a smart contract(min. 1 month). A multiplier is added for longer lock durations. The smart contract determines theuser selected lock duration and applies that duration to a formula that is designed to regulate thesupply of Welltrado tokens currently in use.
Prior to locking their WT in the smart contract, users will be able to see exactly how much WATthey will receive as a result of executing the smart contract.Once users execute the contract, 30% of their WAT will be distributed for immediate use, and theremaining 70% will be distributed proportionally over the locked duration.Once the lock duration expires, the locked WTL ceases to generate WAT, and the WTL becomesfreely transferable by the holder. There is no limit (other than duration) for how many timesWelltrado tokens may be used to create WATSustainabilityHow can Welltrado remain viable if participants choose not to pay in WAT?A core value proposition of Welltrado (and decentralization) is to guarantee future characteristicsof platforms to both retail and institutional investors, without relying on the trustworthiness of anoperating company. In order to do this, elements including fee rates must be codified into thesoftware itself. It is expected that WAT will be the overwhelmingly predominant method forpaying fees in the Welltrado ecosystem.
MVP - more integrations
Legal structure for institutionals are setup
Fund management license acquirement
Portfolio management platform for RETAIL UNVEILED
First fund token distribution
Portfolio management platform INSTITUTIONALS out.
Attention. There is a risk that unverified members are not actually members of the team
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