Handelion is a revolutionary blockchain ecosystem for co-funded trade. Smart cooperation algorithms enclosed in digital contract functionality allow any business to benefit from it:
- investors fund small and medium enterprises to buy goods from manufacturers,
- buyers get financial leverage,
- manufacturers sell goods with full prepayment,
- logistics companies receive payments promptly and efficiently use the infrastructure.
All the participants, including insurance, research companies and rating agencies use big data to provide their services, estimate risks and market opportunities.
Handelion is developing a revolutionary ecosystem striving to become a major player facilitating international trade.
Handelion is using proven business models, selects the most comprehensive blockсhain framework and cooperates with technical and legal advisers around the World.
The main problem: buyers can lack funds or lack the manufacturer’s or the investor’s trust. The manufacturer will ask for 100% prepayment, so the buyer will have to look for a loan without a proper collateral and even an investor with excess funds will be not willing to finance the deal without a proper collateral. A vicious circle. It can often happen that the buyer won’t meet the credit requirements of creditors concerning the collateral or the volume of the required credit. Or will have difficulties with performing a required check for the manufacturer, to prove that the buyer is trustworthy.
As a result there will be no access to financing and a lot of expenses. The manufacturer will demand a 100% prepayment, due to the lack of trust towards the buyer. And the manufacturer can probably also end up with insufficient sales volume. The investor will have to meticulously check the buyer, who will happen to be the borrower, since the former can’t entrust any funds without proper knowledge of the latter. All this is time consuming and, consequently, loss of money seems inevitable.
The third basic problem is that a lack of integrity of business with the funding institutions. Various parties of co-funded trade use different systems of different scale and complexity, making the cooperation not transparent, risky, expensive as well as time-consuming. Peer-2-peer lending platforms will be able to partially solve the problem, enabling investors to fund directly. But to be scalable, such platforms also will need an integrated ecosystem. Participants of international trade will want to increase the rapidity of transactions.
Traditional investments do not always provide enough yield and capitalization growth. Turning to alternative investments will require an alternative approach towards risk management that often can become expensive and inconvenient. Investors look for alternative investments, but they will need transparency of business.
This system has co-funded buyers for purchases up to 500 000 EUR. The collateral issue has been solved through trade operations and there have been no more transparency issues since reporting has been done for every deal. A unique service has been developed that provides safe deposits for investors on one hand and a comfortable trade funding solution on the other hand. The service has replaced credit, factoring and necessity of L/C and is being delivered via trade operations.
TradeBacking.com has 3 main phases:
- Purchase of goods
- Sale of goods
During the first stage, our risk analyst department will investigate the client’s business model, reputation, finances and products. Our credit committee will decide the amount of credit and on the terms of providing the client with the access to funds. If more funds will be needed, the Trade House will send the deal description to investors and raise money.
During the second stage, the Trade House will receive the client’s prepayment at a minimum amount of 30% of the total purchase price. The Trade House will pay 100% to the manufacturer, deliver and stores the goods in a safe warehouse for a maximum period of 90 days. During the third stage, the client will buy purchased goods from the Trade House – by lots or all at once, paying the rest of the 70% plus commissions for the Trade House and logistics costs.
The Trade House will pay back funds and pay commission to the Investors For our clients, this will become an opportunity to replace full (100%) prepayments with partial prepayments. This will be an opportunity to import more goods, as funds that could have been ‘frozen’ in long deliveries will be released. Due to our risk policies, investors’ funds will be 100% safe: our current statistics shows 0% of bad deals, and 0% of delinquent payments.
And the collateral makes the minimum of 143% (LTV<=70%). Therefore, our approach will guarantee the investors the return of funds and stable profit. All the deals and processes will be 100% transparent for each participant and our system will provide all necessary information exchange to deliver timely and sound operations. Tradebacking.com is being promoted in Estonia, Latvia and Lithuania.
- Dmitry Cheleby - CEO
- Juris Lopsa - Head of Analysis Dpt.
- Michael Bobkin - BDD
- Michael Dzhondzua - Communications Director
- Boriss Kadish - Software Development CEO
- Alekxey Stepanov - Project Manager
- Arky Ivanov - Software Development CTO
- Dmitry Sergeev - Project Manager
- Valery Cvetkov - Software Development COO
- Alexey Gulayev - Project Manager
- Jury - Project Manager
- Igor - Sr. UI Developer
- Dmitry - Back-end Developer
- RomanSr. - Software Developer
- Sergey - QA Specialist
- Sergey - Back-end Developer
- Anton - Software Developer
- Vitaly - Software Developer
- Samanta - Software Developer
- Alexey - Software Developer
- Dzintars Veips - CFO at Quinto Capital Partners [Escrow]
Launch of Pre-ICO
End of Pre-ICO
Correction of Handelion Marketing & Development plans
Start of Handelion Ecosystem Development
Launch of ICO
End of ICO
Start of coding Handelion
Complete business logic.
- Resources set up for launch of Handelion ecosystem
- Blockchain implemented
- Start of the system
- 1K orders received
- 240K HAND commissions distributed (EPT 0.01 HAND reached)
- 0.02% of SME trade funding gained. 5K orders per annum
- 1.2M HAND commissions distributed (EPT 0.04 HAND reached)
- 0.06% of SME trade funding gained
- 15K+ orders p.a. 3,8M HAND commissions distributed (EPT 0.13 HAND reached)
- 0.14% of SME trade funding gained
- 36K+ orders p.a. 8,8M HAND in commissions (EPT 0.3 HAND reached)