Polytrade Price (TRADE)

The Polytrade platform is a decentralized, blockchain-based platform that aims to modify receivables financing. The platform intends to connect buyers, dealers, insurers, and speculators for a consistent receivables financing experience. Accounts receivable (AR) financing is a financing system in which a company gets financing capital related to a portion of its accounts receivable. 

Polytrade seeks to give real-world borrowers low-yield rates and access to quick financing to free up essential working capital tapped from crypto moneylenders. The users aim to earn profit as the platform sekes to cover the loopholes of traditional receivable financing by tapping the unused crypto utility. 

Even though trade finance has a pivotal role in world trade, there is an evident gap between the supply and demand for short-term credit. The traditional receivables financing model, which has been part of the finance world for years and centuries, failed to provide users with the utilities for some reason. These issues are minimal ticket size requirements, transparency issues, high rejection rates, and cost of funds.

What Polytrade does is that it aims to connect all parties involved and distribute information with greater flexibility. Polytrade seeks to deliver secure investment options to crypto traders so that they can fund real-world businesses with their crypto assets. The platform also seeks to lower the risks for all the parties involved in the process. Polytrade aims to tokenize real-world invoices and turn ownership of real-world assets into cryptocurrency tokens. 

The platform becomes a funding source for small and medium enterprises (SMEs) as it seeks to tap the crypto liquidity pool and cover the bottlenecks of receivables financing. 

TRADE is the native token of the Polytrade platform that has two utilities. One is governance utility which allows token holders to participate in the decision-making process of the platform. Another utility is staking, which enables holders to stake their TRADE tokens to earn rewards. Different participants receive different benefits from the token.

Borrowers receive reduced yield rates for staking and making payments using the TRADE token. Buyers get discounts on settlement invoices processed through the platform, and lastly, service providers receive TRADE tokens for participating in the trade financing. 

Piyush Gupta founded Polytrade, and the team includes members including Arul Prakash (CEO), Ashutosh Sahoo (CGO), Sankalp Kumar (BD Asia), Sameep Singhania (blockchain developer), and Sayali Pandey (treasury and finance).

We update our Polytrade to USD currency in real-time. Get the live price of Polytrade on Coinbase.

The current market cap of Polytrade is $6.54M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Polytrade is $3.06. This all-time high is highest price paid for Polytrade since it was launched.

Over the last 24 hours, the trading volume of Polytrade is $318.53K.

Assets that have a similar market cap to Polytrade include Nodecoin, Laqira Protocol, Smog, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Polytrade is 41 million.