Polytrade (TRADE)

Trade Finance for SMEs

Polytrade helps small and medium-sized businesses get paid faster by turning their invoices into tokens on the blockchain. This way, businesses can get immediate cash instead of waiting months for payment.

Real-World Asset (RWA) Tokenization

Polytrade allows users to buy, sell, and trade tokenized real-world assets like invoices, real estate, commodities, and more. These assets are represented as tokens, making it easier to invest in parts of an asset and trade them securely.

Decentralized Finance (DeFi) Integration

Polytrade connects traditional finance with DeFi by using smart contracts to automate financing and settlement. Investors can fund businesses through the platform and earn interest, while transactions are transparent and secure.

Collateral and Lending

The Polytrade token ($TRADE) can be used as collateral on platforms like Timeswap to borrow stablecoins, offering users ways to leverage their tokens and earn yields.

Marketplace Features

Polytrade’s marketplace supports fractional ownership, cross-chain trading, and discovery of various tokenized assets. It provides a user-friendly platform to manage and trade real-world assets efficiently.

Utility Token

The $TRADE token is used within the Polytrade ecosystem for payments, rewards, collateral, and access to exclusive investment opportunities.

Advantages of Polytrade

• Polytrade offers significant long-term investment potential with a focus on transforming receivables financing by connecting buyers, sellers, insurers, and investors.
• It provides a unique marketplace for tokenized real-world assets (RWAs) such as invoices, real estate, and commodities, making previously illiquid assets accessible.
• The platform integrates decentralized finance (DeFi) with traditional finance, enabling secure and efficient bridging between crypto and conventional finance.
• Polytrade supports cross-chain access and fractionalization of assets, allowing smaller investors to participate.
• Users can earn interest and rewards in stablecoins and TRADE tokens by providing liquidity or staking.
• The platform features automated invoice verification and privacy controls secured by cryptographic systems.
• Polytrade has strategic partnerships, including Mastercard, enhancing its credibility and ecosystem reach.
• TRADE token holders can participate in governance and access various platform services.

Disadvantages of Polytrade

• Polytrade experiences severe short-term price fluctuations and high market volatility.
• The token price has seen significant declines from all-time highs, indicating potential instability.
• Trading volume and market activity have recently decreased, which may affect liquidity.
• The platform and token are relatively new, which may involve uncertainties typical of emerging crypto projects.
• The supply of tokens is large, and increases in supply can lead to price decreases if demand does not keep pace.

Overall, Polytrade combines innovative blockchain technology with real-world asset financing, offering promising opportunities but also facing typical crypto market volatility.

Founders

Polytrade was founded by Piyush Gupta and Ritesh Dutta. Piyush Gupta is the main founder and CEO, with a background from the Indian Institute of Technology, Bombay.

Leadership

Piyush Gupta serves as the Founder and CEO, leading the company from its base in Dubai.

No other founders are prominently mentioned besides Piyush Gupta and Ritesh Dutta.

Investors in Polytrade

Polytrade has raised a total of $5 million over multiple funding rounds. The investors include a mix of venture capital firms, institutional investors, and family offices. Some of the key investors are:

• Alpha Wave Global: A venture capital firm backed by the sovereign wealth fund of Abu Dhabi.
• Matrix Partners: A well-known venture capital firm.
• Polygon Ventures: The investment arm of Polygon, a blockchain platform.
• CoinSwitch Ventures: A venture capital firm focused on crypto and blockchain.
• GTM Ventures
• Singularity Ventures
• P2 Ventures
• Chimera Capital
• DeVC
• DWF Options
• AXIA
• LD Capital
• Z47

In total, Polytrade has around 20 to 32 investors, including family offices, digital banks, corporate treasuries, and funds. These investors support Polytrade's mission to bring real-world assets on-chain and improve trade finance through blockchain technology.

Halal Status of Polytrade

Polytrade's halal status depends on whether the project complies with Islamic finance principles. These principles include avoiding riba (interest), gharar (excessive uncertainty), and maisir (gambling). Since not all cryptocurrencies are halal, each must be evaluated individually based on its structure and use.

Reasoning

• Polytrade is a digital cryptocurrency used as a medium of exchange and store of value.
• If Polytrade operates without interest-based lending, excessive speculation, or gambling elements, it may be considered halal.
• There is no specific information confirming Polytrade’s full compliance with Islamic finance principles.
• Therefore, a definitive yes or no cannot be given without detailed Shariah compliance screening.

Summary

• Polytrade could be halal if it follows Islamic finance rules.
• Without clear evidence of compliance, the halal status is uncertain.