Polytrade

Polytrade

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Polytrade is unleashing the locked-in liquidity within stagnant invoices, enabling worldwide SMEs to improve their working capital: typically in Trade Finance business, large pool of capital comes with constraints and restrictions on where to deploy the funds, due to regulatory or LP-linked constraints. Polytrade is able to take advantage of a distributed pool to deploy funds with higher flexibility, thereby reach and offer products and services in a context where competitors or other players still don’t exist.
  • Mercado
    Par
    Preço
    Volume 24H
    24 horas (preço)
    24 horas (volume)
  • Bitfinex
    TRADE/USDT % count% months ago
    $ 0.1035
    $ 676.41
    -2.41%
    -75.31%
  • Bitfinex
    TRADE/USD % count% months ago
    $ 0.1037
    $ 981.88
    1.57%
    -71.38%
  • BitMart
    TRADE/USDT one year ago
    $ 0.1149
    $ 4.876 K
    -
    -
  • KuCoin
    TRADE/USDT one year ago
    $ 0.0723
    $ 26.433 K
    -
    -
  • Bitfinex
    TRADE/UST 2 one year ago
    $ 0.0059
    $ 1.093 K
    11.81%
    61.45%
  • CoinDCX
    TRADE/INR 2 one year ago
    $ 0.1717
    $ 44.612 K
    -1.03%
    -6.04%
  • Gate.io
    TRADE/USDT 2 one year ago
    $ 0.3046
    $ 10.296 M
    -
    -
  • Quickswap
    TRADE/0XC2132D05D31C914A87C6611C10748AEB04B58E8F 2 one year ago
    $ 0.3678
    $ 46.82
    -
    -
  • Quickswap
    TRADE/0X7CEB23FD6BC0ADD59E62AC25578270CFF1B9F619 2 one year ago
    $ 0.3673
    $ 5.47
    -
    -
  • Quickswap
    TRADE/0X831753DD7087CAC61AB5644B308642CC1C33DC13 2 one year ago
    $ 0.3635
    $ 27.23
    -
    -
  • Uniswap V2 (Ethereum)
    TRADE/0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2 2 one year ago
    $ 0.7776
    $ 2.395 K
    -
    -
  • MEXC
    TRADE/USDT 2 one year ago
    $ 0.8397
    $ 2.221 M
    -3.64%
    -9.61%
  • MEXC
    TRADE/ETH 2 one year ago
    -
    -
    -
    -
Pre ICO Round (2nd)
1 de mai. de 2021
31 de jul. de 2021
100% completou
Fundos arrecadados - sem dados
past
To be announced
detalhes adicionais
KYC
sim
Categorias
Plataforma

Sobre Polytrade

PolyTrade is a blockchain-based Trade Finance platform that helps small businesses (a.k.a. SMEs – Small and Medium Enterprises) by funding their short-term financial needs (a.k.a. Working Capital Requirements).

Let’s say John has a furniture manufacturing business. He sells this furniture to IKEA with a three months credit period. This means that once John ships an order to IKEA, it would take three months for him to receive the sale proceeds. During these three months, John would need to pay his employees, pay the electricity bill, buy raw materials for future orders, and whatnot. This is where Polytrade comes in handy.

Polytrade simply purchases this invoice and pays John immediately. Let’s say Polytrade pays 95% to John. After three months, Polytrade would collect the proceeds of this invoice from IKEA. The 5% differential is Polytrade’s income for taking a risk by giving money instantly to John.

Further, SMEs like John’s are funded with the help of investors who deposit their crypto assets on Polytrade. Polytrade finances these businesses with these funds and, in return, pays a regular interest to the investors.

Thus, Polytrade serves as the bridge between Investors and SMEs. This helps SMEs meet their short-term financial requirements in a timely and efficient manner. It also allows an investor to help these SMEs and gives them a viable, safe, and secure investment opportunity.

Before transitioning itself into a blockchain-based platform, Polytrade was known as Riqueza Capital. The company was established in 2014 in Hong Kong. By 2020, the company had financed onboarded 5,000 sellers and funded 250 of them. This accounted for $500 million worth of invoices globally.

In early 2021, Polytrade was ideated and its blueprint was finalized. By the end of 2021, the platform launched its Liquidity Pools.

% name% Roadmap

  • 2014

  • Incorporated Riqueza Capital in Hong Kong
  • 2015

  • Initiated Receivable financing business
  • 2020

  • Onboarded more than 5000 borrowers, funded more than 250 borrowers with a cumulative value of ~500mn USD since inception
  • 2021-Q1

  • Polytrade Ideated and conceptualized
    Decentralisation score 0%
  • consulte Mais informação
  • 2021-Q2

  • Fund raising, IDO & Exchange Listing. Product ideation, Design & Build
    Decentralisation score 0%
  • 2021-Q3

  • POC
    Core Functionalities - Lender Portal, Borrower, Admin
    Testing on Testnet
    Decentralisation score 0%
  • 2021-Q4

  • Version 0.1
    Launch of LP
    Launch of Borrower & Admin Portal
    Reward system deployment for all stake holder
    Decentralisation score 30%
  • 2022-Q1

  • Version 0.2
    Launch of Buyer portal.
    Enhancement of previously launched products.
    Currency swap within portals for Borrower.
    Partnerships with other Defi Platforms.
    Decentralisation score 40%
  • 2022-Q2

  • Version 0.3
    Role based access for Multi tier organisations.
    Onboarding of Decentralised insurance platform.
    Staking and insurance fund deployment.
    Launch of referral program with channel partners.
    Decentralisation score 50%
  • 2022-Q3

  • Version 1.0
    Onboarding of Decentralised governance council.
    Onboarding of other supply chain finance services.
    Launch of Service Provider Portal.
    Setup of delegator mechanism for governance council.
    Decentralisation score 75%
  • 2022-Q4 | 2023-Q2

  • Version 2.0
    Cross chain portability enablement
    Decentralisation score 90%
    QX
    Version X
    Complete decentralisation of trade finance protocol
    Decentralisation score 100%

Polytrade Equipe

Verificado 0%

Atenção. Existe o risco de os membros não verificados não serem realmente membros da equipe

Piyush Gupta
Founder
não verificado
Arul Prakash
Chief Operating Officer (COO)
não verificado
Sankalp Kumar
BD Asia
não verificado
Aditi Saini
Marketing & Communications
não verificado
Abhishek Jha
Relationship Manager
não verificado
Pop Daniel
Product Designer
não verificado
Prusela Bhowmick
PR Manager
não verificado
Ashish Sood
Product Manager
não verificado

Assessores

Verificado 0%

Atenção. Existe o risco de os membros não verificados não serem realmente membros da equipe

Sandeep Nailwal
Advisor
não verificado
Saurabh Shankar
Advisor
não verificado

Polytrade Últimas notícias

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