The First Blockchain-based Platform
To Trade Food and Raw Materials
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, 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 a 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.
Business Model
- Growth Strategy
ChainTrade will pursue a strategy of aggressive marketing and sales to achieve its goal of securing 5% of the global volume of food and raw materials trading by 2020. ChainTrade plans to attract traders and investors to its platform by providing highly competitive fees. Based on its lean and efficient platform, traders can expect to pay less than half of the fees they are currently paying at the current exchanges for each contract. - Transaction Forecast
ChainTrade plans to disrupt a market of circa 10 billion transactions per annum. As an illustration, the Chicago Mercantile Exchange Group (CME) recorded a revenue of $3.5 billion in 2016, with an average daily volume of 15.6 million contracts and about 3.9 billion contracts for the year. Eurex recorded 1.72 billion contracts and a revenue of €1 billion in 2016. Based on its market research and estimate of the potential, ChainTrade’s Business Plan aims at reaching transaction volumes of:
- H2 2018 – 5 million transactions
- 2019 – 80 million transactions
- 2020 – 500 million transactions
Token Sale
The CTC Token ChainTrade is based on the CTC, an ERC20 compliant token. The number of CTC tokens will be limited to 1,000,000,000 (one billion) and will be distributed progressively over time.
The CTC token is a utility token that allows its holders to use the ChainTrade platform and trade the Smart Contracts available on the platform.
Raising funds through the token sale will provide the required funds to launch and operate ChainTrade while giving investors a token that will be used to access and use the platform. It will serve the objective of releasing the CTC token into circulation and set an initial market price.
The Initial Token Sale is scheduled to run from 9th October 2017 to 31st December 2017.
The token price is 1 ETH for 1,000 CTC (i.e. 1 CTC = 0.001 ETH).
The pre-sale of CTC token is currently in progress. If you are interested in purchasing the CTC tokens during the pre-sales process, please contact us at info@chaintrade.net
Sale and distribution of the CTC token will be made according to the following schedule:
- An initial bucket of 200,000,000 tokens will be sold in the Initial Token Sale at a price of 1 ETH for 1,000 CTC
- Once this initial bucket is sold out, and upon progress made in the roadmap, a second bucket of 300,000,000 tokens will be sold at a price determined by the crypto-exchanges at that date (our target would be 1 ETH for 100 CTC)
- Once this second bucket is sold out, and upon progress made in the roadmap, a third bucket of 280,000,000 tokens will be sold at a price determined by the cryptoexchanges at that date (our target would be 1 ETH for 50 CTC)
- 20,000,000 tokens will be issued for bounty
- 200,000,000 tokens will be given the founding team and developer team Note that apart from the initial bucket of 200,000,000 tokens, the rest of the allocation, pricing and timing is purely indicative and may be adjusted or changed in the future.
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Website : https://chaintrade.net
Whitepaper : https://chaintrade.net/wp-content/uploads/2017/09/ChainTrade_Whitepaper_v0.7.pdf
Facebook : https://www.facebook.com/ChainTrade
Twitter : https://twitter.com/ChainTrade
Reddit : https://www.reddit.com/r/chaintrade/
Slack : http://slack.chaintrade.net/
Author : mriansa
https://bitcointalk.org/index.php?action=profile;u=886049
