Welltrado

Category: CryptocurrencyInvestmentPlatform

About

Welltrado is an already operating scalable blockchain based platform that seeks to enable investors to buy and sell loans from thousands of diferent loan providers globally, invest into peer-to-peer lending funds (P2P) and manage investment portfolios. Welltrado is already an experienced player in the P2P platform market, with an early version P2P platform aggregator already up and running. Through our business and experience, we have identified these problems as some of the biggest obstacles facing the P2P market. That is why Welltrado aims to develop three distinct tools for investors, which are designed solve these issues and help P2P investments grow significantly.

Documents

Whitepaper

Milestones

  • 2016 December
    Built a fully working MVP and integrated first 10 P2P lending platforms
  • 2017 March
    30 P2P lending platforms integrated and 300 investors referred through Welltrado; Welltrado raised first investment from StartupWiseGuys
  • 2017 September
    50000 unique visitors at Welltrado. P2P loan aggregation mechanism initiated
  • 2017 November
    70 P2P lending platforms prepared for integration to Welltrado. Ready for token distribution
  • 2017 December
    Legal structure developed for institutional investors to get access to P2P market through Welltrado
  • 2018 March
    Distribution of Welltrado Platform Tokens
  • 2018 May
    Application for fund management license in Europe
  • 2018 October
    Receive the fund managing license
  • 2018 December
    Version 2.0 of Welltrado loan portfolio management platform for retail investors unveiled
  • 2019 January
    Token distribution of the first fund: Low yield fixed fiat income
  • 2019 February
    Version 3.0 of Welltrado loan portfolio management platform for institutional investors unveiled

Team

Board of directors

TOMAS MEDECKIS
CEO, Co-founder
KIM NIELSEN
CDO, Co-founder
ZYGIMANTAS STANCELIS
CTO, Co-founder
ARTURAS SVIRSKIS
CBDO, Co-founder

Advisors

WOLFGANG RICHTER
Executive partner at DWF law firm
TOMAS MARTUNAS
Managing Partner GoldfishFund
XIAOCHEN ZHANG
CEO Blockchain Frontier Group President, Fintech4Good
IGNAS MANGEVICIUS
Blockchain-Based Systems Developer, edgeless.io co-founder
DARIUS BARUSAUSKAS
A credit risk scoring expert
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

Team

POVILAS URBONAS
BDO, Co-founder
AISTE PALIUKAITE
Business development manager

ICO information

ICO starts (UTC)
2018-04-09 12:00
ICO ends (UTC)
2018-06-18 12:00
Whitelist
Not specified
KYC
Not specified
Product status
Not specified
Est. product launch
Not specified
Main competitors
Not specified
Payments
TDS Tokens Bitcoin Ethereum Litecoin

Token information

Symbol
WTL
Platform
Ethereum
Unsold tokens
Not specified
Token lock time
Not specified
Soft cap
Not specified
Hard cap
30 000 ETH
Circulating supply
Not specified
Total supply
Not specified
Max bonus/discount
Not specified
Token value
0.001 ETH ETH
Token issue
Not specified

Financial distribution

65% Public
10% Team
25% Welltrado platform

Ratings and reviews

TokenDesk rating
8.0
Reviewed and rated by
0 experts|0 members
TD team
8
Vision
9
Product
7
Team
8
Profile
8
TD team
8
Vision
9
Product
7
Team
8
Profile
8
Tokendesk team Admin
8.0
Vision
9
Product
7
Team
8
Profile
8

Idea: Welltrado is a platform that provides services in two fast growing markets like the crypto and P2P lending. The lender can decide whom to lend and the borrower also has the freedom to choose the best interest rate. P2P lending is not restricted to a particular category, instead, everybody starting from students to small enterprises, mortgages, can make use of it. This idea is not unique in cryptocurrency space, but has a lot of potential because blockchain is very useful for this kind of a platform.

Team: Welltrado Founders shows a lot of experience in asset management and law spaces, but they don’t have previous blockchain experience. This is a big concern because at the end of the day it is the most important thing. But they have several experienced blockchain specialists in their advisory board. It would be great if Welltrado would increase their team with high quality blockchain specialists who managed successful ico start up projects in the past.

Product: The Welltrado platform can be used only by the Welltrado (WTL) token holders. This is great because that will increase demand for tokens and most likely if we see growth in the platform we’ll see the price growth also. Majority of ICOs have little to nothing to show for their business project — simply a white paper and a flashy website. Yet with Welltrado, we have a very different case, as the company has been up and running since 2016.

Token Structure: Welltrado aims to raise 65,000,000 WTL, without bonus token price is 0.01 ETH. The biggest discount is 25%, which is decent. Team tokens are locked for 2 years which shows that team is dedicated to the project.

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Welltrado

Category: CryptocurrencyInvestmentPlatform
TokenDesk rating
8.0
Reviewed and rated by
0 experts|0 members
TD team
8
Vision
9
Product
7
Team
8
Profile
8
TD team
8
Vision
9
Product
7
Team
8
Profile
8
Platform
Ethereum
Token
WTL
Token value
0.29205 USD
Hard cap
8 761 610 USD
Payments
TDS Tokens Bitcoin Ethereum Litecoin

Write a review

You must be logged in to write a review.