Overview

Global Blockchain-Backed Loans Marketplace ICO.

Project stage

Prototype

Detailed description

Welltrado is a scalable blockchain-based platform that seeks to enable investors to buy and sell loans from thousands of different loan providers globally, invest into peer-to-peer lending funds (P2P) and manage investment portfolios that allow investors to earn 6-30% annual return.

Now, Welltrado is launching an initial coin offering, starting in the start of April. The offering will be virtual currency-tokens known as WELLTRADO’s (WTL).

The Welltrado platform is a liberating and powerful toolbox providing the solutions to solving the problems with diversification, cross-border transactions, transparency and the lack of cryptocurency in the market.

Take control using our powerful p2p lending dashboard and manage thousands of loans across platforms, or invest in our flexible p2p fund and learn as you go. Take informed choices by using our rating system to guide you.

Problem

The P2P investment market is a market that is currently experiencing explosive growth. The global market volume reached €109 billion in 2017, with no sign of slowing down.

This expansive growth has presented three major problems:

  • Difficulties in diversifying and managing investments
  • Issues with transparency and reputation
  • No entry for cryptocurrency and lack of crossborder transactions.

Solution

  • Cross platform loan aggregator with ratings and blockchain
  • Crypto P2P fund for global cross-border investors
  • Portfolio management across investment platforms in a single dashboard

Features

  • The best diversification platform in crypto (project aims to make 1M P2P loan investments available in EU alone)
  • The P2P asset is built to spread risk (The 500 investments can be spread across marketplaces, countries and a wide range of asset types. This efficiently reduces the investment risks, while still allowing good returns)
  • Hedge your crypto, drive in and out of crypto, on your terms (Invest any coin. Wait for ideal market, while gaining returns. Withdraw when, and in, any coin you want)
  • Regulated supply and demand (50% of the fees charged are spent on burning WTL tokens. The tokens we burn is sent to an unspendable address that can be verified transparently, this action takes the tokens out of circulation forever. As a result the community using the platform will positively affect price through deflation.)
  • Get rid of banks (Your savings are trivial business for banks, and the reason why the returns on your savings account is at best 2.5% annually. Invest in WTLs and gain access to our investment platform)
  • Invest safely with good data: AI-fueled rating system made trustkess with blockchain (One of the biggests problems for P2P investment industry is lack of a reliable third party to track performance. Using the blockchain Welltrado aims to change that, and give our investors a completely unique investment advantage, not seen anywhere in the P2P investment world)
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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : WTL
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 65,000,000 WTL
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :1,500,000 WTL
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :100,000,000 WTL
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :65,000,000 WTL
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH, LTC,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Austria, Canada, China, Germany, Hong Kong, Singapore, South Korea, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      30 Apr 00:00 UTC
      25 Jun 00:00 UTC
      0.001 ETH 3% - 20% Min 100 WTL 1,500,000 WTL 65,000,000 WTL
      Exclusive Pre-sale — Ended
      09 Apr 12:00 UTC
      16 Apr 12:00 UTC
      0.001 ETH 25% Min 100 WTL Uncapped Uncapped
      Public sale

      ICO bonuses:

      • 30.04-07.05: 20% bonus
      • 07.05-14.05: 15% bonus
      • 14.05-21.05: 10% bonus
      • 21.05-28.05: 7% bonus
      • 28.05-04.06: 5% bonus
      • 04.06-11.06: 3% bonus
      • 11.06-25.06: 0% bonus
      Read more about vesting and bonus
      • Team

        • Tomas Medeckis photo
          Tomas Medeckis
          CEO, Co-founder
        • Kim Nielsen photo
          Kim Nielsen
          CDO, Co-founder
        • Žygimantas Stancelis photo
          Žygimantas Stancelis
          CTO, Co-founder
        • Arturas Svirskis photo
          Arturas Svirskis
          CBDO, Co-founder
        • Povilas Urbonas photo
          Povilas Urbonas
          BDO, Co-founder
        • Aistė Paliukaitė photo
          Aistė Paliukaitė
          Business development manager
        • Aleksandras Levčenko photo
          Aleksandras Levčenko
          App developer
      • Advisors

        • Nick Evdokimov
          Founder at ICObox.io
        • Tomas Martunas
          Managing Partner Goldfish Fund
        • Xiaochen Zhang
          CEO Blockchain Frontier Group President, Fintech4Good
        • Ignas Mangevicius
          Blockchain-Based Systems Developer, edgeless.io co-founder
        • Darius Barušauskas
          A credit risk scoring expert
        • Mihaly (Mike) Boris
          Managing partner at GB&Partners
        • Cristobal Alonso
          CEO at Startup Wise Guys, the leading B2B accelerator in Europe
        • Edward W. Mandel
          Blockchain advisor
        • Phillip McFall
          Bloomberg L.P. Financial Sales and Analytics
        • Sarunas Belickas
          Entrepreneur, IT City – managing director

      Roadmap

      • Dec 2016

        Built a fully working MVP and integrated first 10 P2P lending platforms

      • Mar 2017
        • 30 P2P lending platforms integrated and 300 investors referred through Welltrado
        • Welltrado raised first investment from StartupWiseGuys
      • Nov 2017

        100 P2P lending platforms prepared for integration to Welltrado. Ready for token distribution

      • Dec 2017

        Legal structure developed for institutional investors to get access to P2P market through Welltrado

      • Apr 2018

        Distribution of Welltrado Platform Tokens

      • Jun 2018

        Application for fund management license in Europe

      • Oct 2018

        Receive the fund managing license

      • Dec 2018

        Version 2.0 of Welltrado loan portfolio management platform for retail investors unveiled

      • Jan 2019

        Token distribution of the first fund: Low yield fixed fiat income

      • Feb 2018

        Version 3.0 of Welltrado loan portfolio management platform for institutional investors unveiled

      Activity