Photo - Solved the problem of distrust in any business contracts.
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Solved the problem of distrust in any business contracts.

Ukraine, Odessa region
Market: Insurance, Trade, Financial services, Blockchain
Stage of the project: Prototype or product is ready

Date of last change: 11.11.2018
Min investment
$  250.000
Total required
$ 2.500.000
Rating
equalizer 163 из 1000
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Idea

Guaranty Payment system of a new generation, based on Blockchain technology, unique development - splitting the pool of smart contracts and a pool of conditions. We have completely resolved the problem of mistrust in local and international payments.

Current Status

Clients - ready
white paper -ready
road map - ready
one pager -ready
CashFlow for 3Y- READY
web page (+contacts token ERC 20) - ready
SAFT - ready
GitHub source code - ready
MVP - ready

Market

ANALYSIS OF THE MARKET FOR DOMESTIC AND FOREIGN TRADE TRANSACTIONS BY COUNTRIES IN MONTHS /BILLIONS. $ (source: https://stats.oecd.org)

The financial justification for the MPT platform is based on analytical studies with classification by region. For a more accurate forecast, aggregated data were used for the whole structure of the market for international and domestic payments made by companies and individuals. The average for the past 10 years, allow us to talk about more than 20 trillion US dollars a year. With a well-planned use of the marketing budget, we believe that the convenience and guarantee execution of contracts will enable us to get a platform in the first year of operation - about 0.2% of the international transactions market and 0.5% on internal payments with an average commission of 0.74%, which will bring income about $ 864 million.

Assume, you have 7 customers in ecommerce (with a cashflow of more than $10K per day), 1 bank ($7M planed transaction amount per day), holding (We are preparing the ligatory part for the first transactions and the audit for the Blockchain contract will be for 1 transaction - test, >$5,5M) So, MRR will be: $147,6M

Problem or Opportunity

- lack of trust between the buyer and the seller;

- refund rate in case of cancellation of the transaction, return of the goods;

- commissions for international payments and hidden fees,
paid by the buyer or seller;

- difficult process of crediting the transaction;

- the speed of the transaction;

These technologies have been tested by time, but no fundamental changes have yet occurred: SWIFT, SEPA, VISA go through a chain of correspondent banks, for which a fee is charged, confirmation takes several days. Even making a payment through P2P can take several days. Errors in the details will increase the date of payment several times.

Problem: the completion of obligations guarantee.
The service of a letter of credit and fulfillment of its obligations is available only for enterprises, meaning in the B2B segment, since the cost of such services is very high. In the P2P segment, a letter of credit is not used.

Problem: data consistency (audit companies, accounting, financial analysis, etc.) in different countries. Analysis and control of changes in real time.

Problem: lending, the provision of this service is a costly and time-consuming process with the possibility of refusal.

Solution (product or service)

Solution: by using the smart contract pool and the conditions pool, the client has an ability to use financial mechanisms with the help of intuitive system interface. Trust is formed based on a pool of conditions and signed smart contracts, the influence of the human factor is nullified as well as influence of a banking system and affiliation to a certain governmental
system. All information about the contract is being recorded in the blockchain, thanks to that, the client has the opportunity to access all the the necessary information in any time.

Solution: a symbiosis of technology blockchain and smart contract pool allows instant guaranteed transactions. Verification based on KYC / AML. Current data. Instant fulfillment of the conditions of a smart contract: both the transfer of funds to the Supplier, and the return of funds to the Customer in case of non-compliance with the terms of the contract.

Solution: using the smart contract pool, the platform allows you to apply complex banking tools for any segment: B2B, B2C, P2P.

Solution: The MPT platform uses the blockchain to record all events from the pool of smart contracts that are started and executed on the platform side. This will allow auditing companies and regulators, using the user’s API, to obtain the necessary information about the activities of counterparties in a single format throughout the world.

Solution: the loan service becomes guaranteed and makes the process of taking a decision easier. With the help of the mechanisms of the platform, users can provide a loan at an agreed percentage directly to the borrower by selecting a loan contract from the pool.

Competitors

http://dcc.finance/
https://hycon.io/
https://www.fortyseven.io/
https://axoni.com/technology/
https://nexo.io/
https://celsius.network/crowdsale/
https://sentinel-chain.org/
https://bankera.com/

Advantages or differentiators

MPT — Guaranty Payment&Audit System of a new generation, based on Blockchain technology, unique development - splitting the pool of smart contracts and a pool of conditions.
The core of the system is a unique development of our team, which today has no analogues.

Finance

Banks and financial institutions - 0.2% transaction fee
Private companies - 0.74% transaction fee
Private individuals -1%
KYC/AML - subscription fee

The commission with connection to the contract accredited logistics and insurance companies 7% of their contract.

API subscription fee for audit companies.
API subscription fee for regulators.

Business model

The financial justification for the MPT platform is based on analytical studies with classification by region. For a more accurate forecast, aggregated data were used for the whole structure of the market for international and domestic payments made by companies and individuals. The average for the past 10 years, allow us to talk about more than 20 trillion US dollars a year. With a well-planned use of the marketing budget, we believe that the convenience and guarantee execution of contracts will enable us to get a platform in the first year of operation - about 0.2% of the international transactions market and 0.5% on internal payments with an average commission of 0.74%, which will bring income about $ 864 million.

Money will be spent on

What is necessary financing: the introduction of the payment system to existing customers. Scaling.
We are confident of receiving a stable cashflow for 6 months and an increase in the number of customers up to 10M users in 2019. By connecting online stores
and online game services, with a gradual introduction into the B2B sector.

Offer for investor

Purchase of a share (VC) from $ 2.5 M - 15% of the company - investing within 30 days.
2nd stage $ 8M 15%,
3rd stage $ 50M - 10%. All information is MPT cash flow.

Risks

New technologies that are not yet taking the banking sector.
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