Good afternoon Steemians!!
It's 1:00pm here in the Netherlands and like everyday I am back with another ICO review!
Today I be reviewing and ICO called Welltrado which might be interesting for people interested in getting a loan.
Remember if you answer the question of the day you can get the chance to win an upvote and a follow!!!
About Welltrado
Welltrado is a blockchain based project that provides a platform where investors can buy and sell loans from numerous loan providers. The project is scalable and will also allow investors invest in P2P (peer-to-peer) leading and portfolio management.
In recent times peer-to-peer lending has experienced explosive growth with the global market hitting 144 billion USD in 2017. With no signs of slowing down this growth has seen some major problems arise:
- There is a present difficulty in managing and diversifying investments
- Lack of reputation and transparency
- Exchanging cryptocurrencies across borders is difficult.
With these identifiable problems Welltrado is stepping in with solutions that will eliminate most of them. Firstly, the Welltrado platform will offer a loan aggregator system that will have ratings on a blockchain.
Secondly, there will be an enhanced portfolio management system across platforms in a single dashboard.
The project already has a P2P platform up and running, so with their experience they have been able to identify the biggest challenges in the sector and also offer solutions to mitigate those challenges.
By developing and designing three distinct tools for investors, most of the issues bedeviling P2P investments and growth will be a thing of the past.
Learn more about WellTrado here:
The Team
I have looked into the LinkedIn profiles of the team members and there seems to be enough deep in experience to see this project through. I’m impressed that they have employed the services of some blockchain experts to handle the technical aspect of the system.
Here is an assuring quote from the LinkedIn profile of the CEO, Tomas Medeckis:
“Experienced Managing Partner with a demonstrated history of working in the information technology and services industry. Skilled in Negotiation, Sales, Asset Management, Sales Management, and Equities. Strong business development professional with a Master's degree focused in Accounting and Finance from Syddansk Universitet.”
The Financials
If you plan to invest in this ICO, here is a list of some of the most important financial aspect of this program. The ICO will run from April 9th 2018 to June 4th 2018. The token code is WTL and 1 WTL will cost 0.001 ETH. Investors can invest via Ethereum only.
To encourage investments there is a structured bonus that ranges from 5% to 34% depending on the date the investment was made. Only a hard cap of 65 million WTL has been set which is equivalent to the total number of tokens for sale.
65% of the tokens will be distributed among the public in the ICO.
The Roadmap
So the question of the day is:
“What is the first thing you look at before investing in an ICO?”
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Disclaimer:
This ICO information is just for the interest of Crypto Lovers and should not be considered as investment advice. If you want to take this opportunity, then invest only what you can afford.