Polytrade

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Discover Polytrade's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Polytrade?

Polytrade (TRADE) is a blockchain-based decentralized protocol that transforms receivables financing by connecting buyers, sellers, insurers, and investors. It is the first marketplace focused exclusively on tokenized real-world assets (RWAs), including Tbills, credits, stocks, real estate, commodities, collectibles, and more. The native currency, TRADE, is an integral part of the ecosystem, serving as both a utility and governance token. The platform aims to bridge traditional finance with decentralized technology, offering a comprehensive marketplace for discovering, trading, and fractionalizing RWAs.

How is Polytrade used?

Polytrade (TRADE) is the native token of the Polytrade platform, which is a blockchain-based decentralized protocol focused on tokenized Real-World Assets (RWAs). The token serves several purposes within the ecosystem:

  1. Governance: TRADE token holders can participate in the governance of the Polytrade platform by voting on proposals and decisions that shape the project's future.

  2. Rewards: Users can earn TRADE tokens as rewards for participating in the platform's activities, such as providing liquidity.

  3. Access to Services: The TRADE token can be used to access various services within the Polytrade ecosystem, including the marketplace where users can discover, trade, fractionalize, and leverage tokenized RWAs.

  1. Payment Instrument: TRADE is the key payment instrument within the Polytrade platform, facilitating transactions and increasing trust between parties involved in receivables financing.

  2. Collateral: TRADE tokens can be used as collateral in Timeswap, adding another layer of utility to the token.

Overall, the TRADE token is integral to the Polytrade ecosystem, enabling users to engage with the platform's features and services while also providing a means of governance and rewards.

How do I store Polytrade?

To store Polytrade (TRADE) tokens, you have several options:

  1. KuCoin Account: You can store your TRADE tokens in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, ensuring security and convenience.

  2. Non-Custodial Wallets: For enhanced security and control, you can withdraw your TRADE tokens to a non-custodial wallet. This option grants you complete control over your private keys, but you must ensure their secure storage to avoid loss.

  3. Blockchain Network Wallet: After purchasing TRADE tokens, they will be automatically stored in your blockchain network wallet address, providing a decentralized storage option.

Each method has its pros and cons, so it is essential to consider your needs and preferences when choosing how to store your Polytrade tokens.

How to buy Polytrade?

To buy Polytrade (TRADE) tokens, follow these steps:

  1. Choose a Cryptocurrency Exchange:

    • Select a reputable exchange like KuCoin, CoinEx, gate.io, or MEXC. Each exchange has its own features and fees, so research and compare them to find the best fit for your needs.
  2. Create an Account:

    • Sign up on the chosen exchange by providing necessary information such as your email address, a secure password, and completing any required identity verification steps.
  3. Fund Your Account:

  • Add funds to your exchange account using various payment methods such as credit/debit cards, bank deposits, or peer-to-peer trading. Ensure you understand the fees and options available on your chosen exchange.
  1. Buy Polytrade (TRADE):

    • Navigate to the exchange's Buy & Sell section, select Polytrade (TRADE) as the cryptocurrency you want to buy, and enter the amount you wish to purchase. Confirm your transaction to complete the purchase.
  2. Transfer to Your Wallet (Optional):

    • Once you've purchased your Polytrade (TRADE), you can either hold it in your exchange account or transfer it to a personal cryptocurrency wallet for additional security and flexibility.

Remember to research and compare exchanges, payment methods, and fees to ensure a smooth and secure transaction.

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History of Polytrade

The history of Polytrade (TRADE) is rooted in Riqueza Capital, and its native token, TRADE, is used for rewards, transactions, and governance within the platform. TRADE was established in 2020, making it a relatively new entrant in the crypto market. It is built on the Ethereum network and leverages smart contracts to facilitate automated trading, offering users a unique blend of modern finance and blockchain technology.

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How Polytrade works

Polytrade (TRADE) is a cryptocurrency project that operates as a decentralized protocol, focusing on tokenizing and trading real-world assets (RWAs) on-chain. Here's an overview of how it works:

Marketplace and Tokenization

Polytrade's core platform is a marketplace where users can discover, compare, and trade various RWAs, including traditional assets like trade finance, structured credit, and real estate, as well as non-traditional assets like collectibles and creator royalties. These assets are tokenized, allowing for fractional ownership and making them more accessible to a broader range of investors.

Key Features
  1. Multi-Chain Compatibility: Polytrade allows users to access RWA opportunities across different blockchain chains from a single interface, ensuring seamless transactions and liquidity.

  2. Fractional Ownership: Tokenization enables fractional ownership of assets, making them more accessible to investors with varying budgets.

  3. Reduced Costs: Tokenization minimizes administrative costs, ensuring that more of the investment goes directly into the assets.

  1. Global Reach: The platform transcends geographical boundaries, providing access to assets from around the world.
TRADE Token

The TRADE token is the native currency of the Polytrade ecosystem and plays several key roles:

  1. Governance: TRADE token holders can participate in governance decisions, influencing the direction of the platform.

  2. Staking Rewards: Users who stake their TRADE tokens can earn additional rewards, incentivizing user participation and platform loyalty.

  3. Reduced Interest Rates: Sellers who stake TRADE tokens can benefit from reduced interest rates, encouraging the use of the Polytrade platform for trade financing.

  1. Invoice Discounts: Buyers who settle invoices using TRADE tokens can earn discounts.

  2. Service Provider Rewards: Service providers active on the platform can earn TRADE token rewards for their participation.

Tokenomics

The TRADE token has a total supply of 100 million tokens, with a structured distribution model to support the growth and sustainability of the Polytrade ecosystem. The token distribution includes strategic, seed, private, and public sales, each with different pricing structures.

Integration with Traditional Finance

Polytrade integrates traditional finance (TradFi) with decentralized finance (DeFi), representing a significant step forward in the evolution of the financial landscape. This integration aims to drive widespread adoption and provide a transformative force for the web3 ecosystem.

Partnerships and Support

Polytrade has garnered support from prominent backers such as Alpha Wave, Matrix Partners, Polygon Labs, Coinswitch Ventures, and Singularity Ventures. It has also partnered with industry giants like Goldfinch Finance, Maple Finance, Ondo Finance, and Clearpool Finance, among others.

In summary, Polytrade (TRADE) is a decentralized protocol that tokenizes and trades real-world assets on-chain, offering a diverse range of assets, fractional ownership, and reduced costs. The TRADE token plays a central role in governance, staking rewards, and platform incentives, while the platform's integration with traditional finance and partnerships with industry leaders aim to drive adoption and growth in the web3 ecosystem.

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Polytrade's strengths

The token Polytrade (TRADE) has several strengths that make it an attractive investment opportunity:

  1. Strong Supply Dynamics: With a total supply of 100 million tokens, 50 million are locked up until December 2027, and 15% of the circulating supply is staked, which helps maintain a stable market.

  2. Governance and Utility: TRADE token holders can participate in the governance of the Polytrade platform, voting on proposals and decisions. Additionally, users can earn TRADE tokens as rewards for providing liquidity and access various services within the ecosystem.

  3. Native Currency and Payment Instrument: TRADE is the native currency and key payment instrument within the Polytrade platform, facilitating trust between parties involved in receivables financing.

  1. Marketplace and Liquidity: Polytrade's marketplace offers a wide range of real-world tokenized assets, providing diversification opportunities and secondary liquidity capabilities. This marketplace brings together over 70 protocols under one roof, making it a significant player in the DeFi space.

  2. Partnerships and Integration: Polytrade has established partnerships with industry giants such as Goldfinch Finance, Maple Finance, and Mastercard, further enhancing its credibility and reach.

These strengths contribute to the token's potential for growth and adoption within the DeFi sector.

Polytrade's risks

Polytrade (TRADE) is a cryptocurrency that operates within the trade finance sector. As a decentralized protocol, it is exposed to various financial risks that can impact its performance and value. Some of the key financial risks associated with Polytrade include:

  1. Customer Risk: This risk arises from the possibility that trading partners may not fulfill their obligations, such as payment or delivery, as agreed upon in the contract. This includes payment risk and default risk.

  2. Country Risk: This type of risk is associated with actions taken by governments, authorities, or regulators that can affect trade. Examples include changes in trade regulations, taxes, duties, and licensing requirements, as well as political instability and currency restrictions.

  3. Financial Risk: This risk is linked to fluctuations in currency rates, interest rates, and commodity prices. It can significantly impact the value of assets and the stability of financial transactions.

  1. Operational Risk: This risk is related to the internal processes and systems used by Polytrade. It includes the potential for errors, fraud, or system failures that can disrupt operations and impact financial performance.

  2. Liquidity Risk: This risk arises when there is a lack of liquidity in the market, making it difficult to buy or sell assets quickly and at a fair price. This can lead to significant losses if assets need to be sold rapidly.

  3. Legal and Compliance Risks: Polytrade must comply with various regulations and laws, and failure to do so can result in legal issues, fines, and reputational damage.

  1. Settlement Risk: This risk is associated with the failure of one party to meet its obligations in a transaction, which can lead to losses for the other party.

  2. Fraud Risk: This risk involves the potential for fraudulent activities, such as theft or manipulation of assets, which can result in significant financial losses.

These financial risks are critical to consider when investing in Polytrade (TRADE) as they can significantly impact the token's value and performance.

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Did Polytrade raise funds?

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Polytrade’s team

Here is the team behind Polytrade (TRADE):

  • Piyush Gupta: Founder & CEO
  • Ashish Sood: Chief Product Officer
  • Milind Bansia: Head of Strategy
  • Rishi Sharma: Principal Engineer
  • Mohammad Zakeri Rad: Blockchain Developer
  • Odai Dayoub: Senior Full Stack Developer
  • Dharmin Panchotiya: Product Designer
  • Sayali Pandey: Treasury Manager
  • Khawla Hassan: Project Manager
  • Shreya Berry: Marketing Manager
  • Rakesh KM: Operation Lead - India
  • Mohamad Hammoud: Full Stack Blockchain Developer
  • Parth Raj Bisht: Software Engineer
  • Tara Mathew: Full Stack Developer

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