POLYTRADE works on DeFi, a borderless financing infrastructure that turns the ownership of real-world assets (“Receivables”) into digital tokens. It harnesses the massive liquidity pool in crypto space and addresses the gap in receivables financing by providing SMEs a new source of funding. POLYTRADE provides a safe investment opportunity for Crypto investors to sweat their crypto assets in real-world business use cases. 1. Borrowers/Sellers — get timely investment to run their business 2. Buyers- get streamlined credit facility 3. Crypto Investors — get interest payments with insured and safe investment in real-world assets. 4. Service providers — Participate in trade finance marketplace to perform key validation activities $TRADE is the native coin of Polytrade protocol. Holding a $TRADE enables users to: 1. Governance: Allows validated holders to influence protocols decisions 2. Staking Rewards: Stake $TRADE to get rewarded 3. Borrowers: Receive reduced interest rates for staked and payment done via TRADE tokens.Governance: Allows validated holders to influence protocols decisions 4. Buyers: Receive discounts on invoices for settlements done on the Polytrade platform. 5. Service Providers: Receive TRADE for participating in the trade finance economy by performing key tasks of KYC, document validation, credit evaluation, and more. While POLYTRADE will start with a focus on trade finance, eventually, it would evolve into a full-stack lending protocol for small businesses.
Version 0.1<br />
Launch of LP<br />
Launch of Borrower & Admin Portal<br />
Reward system deployment for all stake holder<br />
Decentralisation score 30%<br />
2022-Q1
Version 0.2<br />
Launch of Buyer portal.<br />
Enhancement of previously launched products.<br />
Currency swap within portals for Borrower.<br />
Partnerships with other Defi Platforms.<br />
Decentralisation score 40%<br />
2022-Q2
Version 0.3<br />
Role based access for Multi tier organisations.<br />
Onboarding of Decentralised insurance platform.<br />
Staking and insurance fund deployment.<br />
Launch of referral program with channel partners.<br />
Decentralisation score 50%<br />
2022-Q3
Version 1.0<br />
Onboarding of Decentralised governance council.<br />
Onboarding of other supply chain finance services.<br />
Launch of Service Provider Portal.<br />
Setup of delegator mechanism for governance council.<br />
Decentralisation score 75%<br />
2022-Q4 | 2023-Q2
Version 2.0<br />
Cross chain portability enablement<br />
Decentralisation score 90%<br />
QX<br />
Version X<br />
Complete decentralisation of trade finance protocol<br />
Decentralisation score 100%