|All Time High:|
|Market Cap: |
|The price of #TRADE today is $0.79 USD.|
The lowest TRADE price for this period was $0, the highest was $0.793, and the current live price for one TRADE coin is $0.79264.
The all-time high TRADE coin price was $1.98.
Use our custom price calculator to see the hypothetical price of TRADE with market cap of BTC or other crypto coins.
|The code for Polytrade crypto currency is #TRADE. |
Polytrade is 2.3 years old.
|The current market capitalization for Polytrade is $2,940,584.|
Polytrade is ranking upwards to #739 out of all coins, by market cap (and other factors).
|There is a big daily trading volume on #TRADE.|
Today's 24-hour trading volume across all exchanges for Polytrade is $1,894,835.
|The circulating supply of TRADE is 3,709,858 coins, which is 4% of the total coin supply.|
Note the limited supply of Polytrade coins which adds to rarity of this cryptocurrency and increases perceived market value.
|TRADE is available on several crypto currency exchanges.|
|Note that there are multiple coins that share the code #TRADE, and you can view them on our TRADE disambiguation page.|
Tokenization of RWAs, How Polytrade Does it?
According to CoinMetrics, one of the primary growth areas in 2023 will be the tokenization of RWAs. In real-world asset tokenization, physical and traditional financial assets are mirrored as digital tokens on a blockchain. This enables a more safe and more efficient investing environment for people who do not or cannot keep physical assets. RWAs have recently garnered institutional interest as well. Many banks are working on tokenizing various projects in order to minimize transaction settlement times. JPMorgan, Deutsche Bank, and SBI exchanged tokenized currencies and sovereign bonds in November 2022. — Bloomberg Crypto on Twitter: "JPMorgan executed its first live trade on a public blockchain, a significant step toward integrating with the plumbing underlying the world of cryptocurrencies t.co / Twitter" - JPMorgan executed its first live trade on a public blockchain, a significant step toward integrating with the plumbing underlying the world of cryptocurrencies t.co — Deutsche Bank on Twitter: "Deutsche Bank and Memento Blockchain's collaboration on Project DAMA demonstrates an innovative, efficient, and flexible proof of concept solution for digital fund management and investment servicing. Read more: t.co @DBCorporateBank / Twitter" - Deutsche Bank and Memento Blockchain's collaboration on Project DAMA demonstrates an innovative, efficient, and flexible proof of concept solution...
Polytrade Raises $3.8M to Improve Global Trade
Polytrade, a web3 protocol focused on global trade, has raised $3.8 million in a seed round led by Alpha Wave, Matrix Partners, Polygon Ventures, and CoinSwitch Ventures, the startup exclusively told TechCrunch. Other investors include Singularity Ventures and GTM Ventures. The firm has previously been backed by Polygon co-founder Sandeep Nailwal and QuickSwap co-founder Sameep Singhania, among others. The protocol aims to streamline supply chains through real-time data, Piyush Gupta, founder and CEO of Polytrade, said to TechCrunch. “The biggest challenge in the global supply chain is the lack of transparency,” Gupta said. “The manual processes, the paperwork; you would be surprised if you submit a document in a bank in India, they still ask you to sign the document with an ink-based signature […] it’s a lot of manual labor.” Its initial modules include a financing arm that brings real-world yields onto web3. The platform aims to provide small and midsize enterprises and large corporations with access to working capital financing and invoices. The platform has had about 2 million invoices to date, Gupta shared. In 2023, it expects its trade financing book size to touch $50 million, he said. Next year, it’s looking at the liquidity of $200 million into its lending protocol, and all trading ecosystem volume should cross $1 billion, he added. While the platform is open to the retail market, its main focus is on...
Credit Enhancements and How They Work?
Scared about losing your investment? Credit enhancement is a risk reduction approach to safeguard an investor against losses in the underlying asset or debt instrument. Credit enhancement is an approach used to raise the credit quality or rating of an asset-backed instrument or bond in order to increase marketability. Let’s deep dive into knowing what credit enhancements are and how they can protect your funds. — What is Credit Enhancement? - Credit enhancement is a strategy for strengthening the credit risk profile in order to receive better conditions for loan repayment. It is used to lower the risks to investors of certain structured financial instruments. Many market crashes have afflicted the financial sector during the past 100 years. For example, the 1929 Great Depression or the 2008 financial crisis. In such scenarios, credit enhancement becomes more crucial than just improving creditworthiness and leads to systemic benefits. Issuers primarily use credit enhancement strategies to reduce the amount of interest that must be paid for a specific security because high creditworthiness equates to a good credit rating, which ultimately means that an investor’s investment will reap the benefits assured when the security is issued in the market. When creditworthiness is poor, the credit rating suffers, making it undesirable for investors to invest since they risk losing their money. Credit enhancement can help to lo...
Are Stablecoins the Future of DeFi Borrowing and Lending?
Stablecoins, like unbacked crypto-assets, are part of the larger crypto-asset ecosystem. They exist to solve the large price swings of unbacked crypto-assets like Bitcoin and Ether, and their comparably low price volatility makes them ideal for a variety of functions that require this attribute. Stablecoins are digital units of value that use stabilisation approaches to keep their value steady in relation to one or more official currencies or other assets. Stabilisation mechanisms include reserve assets that may be redeemed against stablecoin holdings, as used by collateralised stablecoins and algorithms that balance supply and demand to maintain a stable value, as used by algorithmic stablecoins. Stablecoins have inevitably become a critical part of the crypto-asset ecosystem due to their frequent use in the trading of crypto-assets and as liquidity providers in DeFi. Three stablecoins currently capture over 90% of the stablecoin market, according to DeFiLlama.com. These include Tether USDT, Circle’s USDC, and Binance’s BUSD. Below is a list of the top stablecoin tokens as per their market capitalization. — Where are Stablecoins Currently Being Used? - Stablecoins are primarily used to allow the trading, lending, and borrowing of other digital assets. For example, stablecoins let market players participate in speculative digital asset trading and freely move across digital asset platforms, removing the need for fia...
Polytrade partners with Arcana — Sustainable Yield for Your Tokens
Polytrade partners with Arcana — Sustainable Yield for Your Tokens - With Arcana’s Mainnet going live, they are onboarding great partners and supporting them in their web3 journey. In this effort, they have onboarded Polytrade Finance, a protocol bringing sustainable and secure yields to the Defi world. It lets you maximize earnings on your USDC holdings. Polytrade pools generate a yield from real-world assets with predictable and dependable yields, tokenised on-chain by the protocol. Polytrade lets you diversify your investments by allowing you to access different pools of opportunities with fixed-income returns & yield. Polytrade has hand-picked various borrowers, underwritten by their credit engine, and insured by 3rd party credit insurers such as AIG, Mercury, and Cofax. We have features like on-chain invoicing & open engine for underwriting, which can make on-chain lending and staking transparent. We aim to develop a blockchain-based decentralised finance protocol that will harness the crypto world’s massive liquidity pool to meet SMEs’ working capital needs globally by tokenising real-world invoices and bringing them on-chain into the DeFi space. Here are some of our investment pools: — How can Arcana Auth help Polytrade?. — Polytrade aims to onboard non-native web3 users using Arcana Auth SDK. Arcana Auth helps onboard users with familiar web2 social auth or passwordless auth without k...
What are Real-world Assets in Decentralized Finance?
DeFi allows for a new level of financial services that are not controlled by any central authority and operates on a trustless system, making it possible for users to access financial services such as lending, borrowing, and investment in a more secure, transparent, and programmatic way that was never possible before. To date, most of DeFi has been centred around on-chain financial services such as AMMs & DEX (Uniswap), derivatives (Synthetix) and overcollateralized lending (Aave, Compound). The Total Value Locked (TVL) of the DeFi industry is presently over $39 billion, with a major part-owned by its largest applications. However, generating yields only from on-chain activity has its limitations. Firstly, yields need to arise from economic activity taking place on-chain which is currently mostly limited to trading and investing. As trading volumes dry up, so do the yields. The source of yield is not very diverse and resilient. Secondly, since recourse is extremely difficult in web3 (how do you do collections from a DAO?), most lending has been limited to overcollateralized forms. This means the borrower needs to deposit more value than he borrows. As you may imagine, this often limits the use case for such borrowing to tax optimization or leverage trading. Businesses whether web2 or web3 need undercollateralized lending. One of the latest trends in DeFi is the use of real-world assets (RWAs). Real-world assets (RWAs) are...
Rewiring to Web3 – TEDx Talk from Piyush Gupta, Polytrade
Rewiring to Web3 – TEDx Talk from Piyush Gupta, Polytrade About the event “When you are no longer able to change a situation, you are challenged to change yourself” firmly believes Piyush Gupta, Founder and CEO of the most promising DeFi project Polytrade as he explores key industry topics like ‘Ownership’ and ‘Creation Of Value’ at his first ever TEDx Talk at Symbiosis Institute of Business Management, Bengaluru. Talking about the new role of a CEO as Chief ‘Empowering’ Officer, Piyush Gupta shares his impressions and takeaways with working with decentralized networks and the importance of unlearning broken traditions which is responsible for the success of communities and people, rather than increasing acquisition or revenue. Who is Piyush Gupta? Piyush Gupta is a seasoned trade finance professional, blockchain enthusiast, and Angel Investor whose prime focus is investing and building disruptive businesses creating impact. An alumni of the leading Technological Institute of India, IIT Bombay, he founded Riqueza Capital Group in 2014 with the aim to bring trade finance to the SME and MSME sector in a low cost and hassle-free manner. Over the years, Riqueza raised 500+ mln USD, expanding financial expertise to Hong Kong, Singapore, UK, UAE. Piyush is currently the Founder of Polytrade, which explores the crypto liquidity pool and achieves his aim for easy financing and has also been recognized as one of ...
Polytrade finances the world’s first Real world invoice using Crypto Liquidity
Polytrade Finance proudly announces to have financed the first-ever pool of real-world invoices with crypto liquidity.Polytrade’s lending protocol on Polygon allow SMEs to get unprecedented direct access to trade financing opportunities while offering attractive rewards to the investors of lending pools. Polytrade collaborates with a Singapore based fintech company, Volofin to carry out first ever real world Invoice financing using crypto funds.The partnership between the two parties has kickstarted with funding of Volofin’s invoices to three global buyers based in USA, United Kingdom and New Zealand. Mr. Piyush Gupta, Founder of Polytrade: “We are here to make trade financing more accessible, efficient and transparent by bridging TradeFi and DeFi. We are thus on a journey to create a fundamental paradigm shift by expanding, through technology and crypto, access to trade finance. We are leveling the investment playing field and democratizing the access to this asset class.” Mohit Agarwal, CEO of Volofin: “We found a mutual fit with Polytrade in combining our expertise in Blockchain technology and SME Invoice financing. We are excited for this alliance as we embark on this journey to empower global SMEs in need and transform the Trade finance industry with technology disruption.” The lending pool for financing Volofin’s invoices is backed by Lio Factory, an alternative investments platform building disruptive v...
Polytrade collaborates with Parsiq: Connecting on-chain data to the off-chain Trade finance world
Polytrade is happy to announce its partnership with PARSIQ, a blockchain monitoring and workflow automation platform connecting on-chain and off-chain applications in real-time. PARSIQ will assist Polytrade Finance and its users by providing real-time access to a variety of critical data points. This includes sending out quick, fully automated notifications when funds are deposited into a smart contract, together with transaction details such as value, timestamp, and so on. When spending limits are approved, it also includes sending alerts to the appropriate parties. Furthermore, PARSIQ will offer updates to the Polytrade platform when money is withdrawn or financing periods have elapsed. This data structure will not only allow Polytrade to run with less friction, but it will also give its users more confidence by allowing them to know that they are kept up to date without having to manually track all of the data. Piyush Gupta, CEO, Polytrade said, “PARSIQ will be an important partner in our journey to end the working capital woes of the SMEs across the globe with its Blockchain solution. The incorporation of blockchain in trade finance will completely eliminate the frauds and speed up the process of getting working capital.” Tom Tirman, CEO, Parsiq said: “Mass blockchain adoption is “a matter of ‘when’ and not ‘if’ and we’re delighted to support Polytrade Finance to bring this vital service to the market…...
Polytrade announces partnership with Lovelace for its ambitious Metaverse plan
In our constant efforts to widen our offerings to the community, Polytrade Finance is excited to announce its partnership with Lovelace, the first Metaverse as a Service platform allowing creators to easily develop digital products with gamified rewards. Polytrade and Lovelace will work together to create a Play 2 APY model to give a gamified experience on Polytrade platform. Furthermore, Lovelace NFT holders will be incentivized with a preferential bonus APY on Polytrade. Polytrade is building a 100% on-chain trade financing and business finance solution specifically focused on the Metaverse. Polytrade and Lovelace will jointly work on ideation and development of commerce-based solutions focused on NFT for the Polytrade Meta product. Lovelace will be enabling gamification for Polytrade to improve usability and customer experience for Borrowers and Lenders on the platform. Commenting on the partnership, Arul Prakash, COO, Polytrade said, “The partnership will open up doors for a new customer segment in the DeFi space. Gamification is an important milestone in Polytrade’s journey and Lovelace will help us achieve that objective. On the other hand, Polytrade will provide additional benefits to the Shanimals holders. ” “We believe strongly in the real world applications of blockchain technology and NFTs which is why we have pursued this partnership. Polytrade is perfectly poised to assist us in making a move at the mass...