Global Blockchain-Backed Loans Marketplace ICO Invest your crypto assets, get up to 35% returns Light paper March 2018
Problems and solutions P2P lending is a market that is currently experiencing explosive growth. The global market volume reached $114 billion in 2017, with no sign of slowing down. However, this expansive growth has presented three major problems: Difficulties in diversifying and managing investments Issues with transparency and reputation Problems with the mobility of cryptocurrency and assets across borders We propose three solutions to them: Cross platform loan aggregator with ratings and blockchain Welltrado P2P fund for global and cross-border investors Portfolio management of loans across platforms in a single dashboard 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. The following white paper details the Welltrado project and its products, provides a market overview, in-depth description of market problems and solutions, as well as the associated Welltrado ICO and token system. Welltrado ICO 2
Benefits for investors Benefits for lending platforms Up to 10X higher returns We provide the ability to invest even in places where it has not been possible for more than 10 years. We believe that returns should not vary based on where you live everyone should have access to high interest rates. Up to 20% more investments Welltrado works exclusively with retail and institutional investors only. Internet Lending Platforms have a great chance to get additional investments to their loans while working with Welltrado in a 100% automated and optimized way. Up to 7X faster On average, traditional investors open accounts on 7 different P2P Lending Platforms. It might take days or even weeks to pass a verification process, get used to the new interface, and even longer to manage and track investments. Welltrado makes this process much faster. Create an account at Welltrado, get verified, and all platforms and their loans can be reached with a single click. 100+ different deposit options Currently 95% of Lending Platforms have very few deposit options. In most cases there is a single PSP integration, or perhaps none at all. Welltrado will provide Lending Platforms with Payment aggregator module which will enable investors to deposit money from any bank or e-wallet (including Paypal, Skrill, Neteller, Credit Cards, Mobile payments + 100 other different methods). More than 10M loans in a single dashboard No one can stop your lending, not even politics, economic policies or banks. No middle-men, just you and the loans. Lower your risk by choosing from thousands of P2P lending platforms and millions of loans. 10x faster administration process for investors Many big Lending Platforms prefer to work with a few big investors rather than many single individuals because of cost of administration and verification time. After the ICO Welltrado will seek to become an Asset Management company, making us the preferred source of investments for Lending Platforms. Welltrado will take care of the KYC of investors. Investments have never been so safe You don t need a financial background to lend money. With our loan evaluation algorithms the Welltrado risk system is minimizing the possibility to lose your investments. With help of Big Data and Machine learning, Welltrado will have more accurate Risk assessment criteria than any other P2P Lending Platform. 15% less defaulted loans Welltrado s goal is to aggregate loans from Lending Platforms. With millions of loans gathered, and with the help of big data and machine learning, we will be able to notice particular patterns of loans and borrowers. Therefore, we will be able to assess the risk not just on a local, but on a continental level. This means that Lending Platforms will get additional know-how to their own risk-assessment process and will be able to improve the Risk score of the loans, making investments on their platform more attractive. Welltrado ICO 3
Welltrado ICO and tokens Welltrado will seek funding through an ICO (Initial Coin Offering) in April 2018. The Welltrado token sold during the token launch is known as the Welltrado token, or WTL. This is the only time that these tokens can be created, and therefore the total supply of WTL is fixed. Fees Fees, similar to those of a P2P lending market, will be charged to participants on the Welltrado services and applications layers (but as a reminder, not the basic core layer). These fees will initially be denominated in cryptocurrency, namely ETH. WAT tokens Welltrado seeks to not only create interesting software, but also a community of those interested in sharing their lending wisdom about Welltrado markets. To do this, we have created a model that lowers the barrier to entry for repeat users (e.g., having to pay ETH repeatedly). Therefore, in addition to paying this fee in ETH, Welltrado ecosystem participants will be able to pay the fee in Welltrado Access Tokens, or WAT tokens. Welltrado Access Token (WAT) can be used to pay platform fees on the services layer or for buying/selling in Welltrado loans market or paying fees for funds management. WAT will be pegged to $1 worth of fees. This way, WAT acts as a coupon for $1 of use within Welltrado. Smart contract Welltrado tokens (WTL) are the generator for access token (WAT) creation. WAT can only be created via activating the utility of the Welltrado (WTL) tokens. This is done via a smart contract system. The smart contract works as follows: WTL holders agree to lock their tokens in a smart contract (min. 1 month). A multiplier is added for longer lock durations. The smart contract determines the user selected lock duration and applies that duration to a formula that is designed to regulate the supply of Welltrado tokens currently in use.prior to locking their WT in the smart contract, users will be able to see exactly how much WAT they will receive as a result of executing the smart contract. Once users execute the contract, 30% of their WAT will be distributed for immediate use, and the remaining 70% will be distributed proportionally over the locked duration. Once the lock duration expires, the locked WTL ceases to generate WAT, and the WTL becomes freely transferable by the holder. There is no limit (other than duration) for how many times Welltrado tokens may be used to create WAT. Welltrado ICO 4
Crowdfund details 1 ETH = 1000 WTL PHASE DATE DISCOUNT HARD CAP #1 Apr 09 - Apr 16 20 % 10,000,000 #2 Apr 16 - Apr 23 15 % 7,000,000 #3 Apr 23 - Apr 30 10 % 7,000,000 #4 Apr 30 - May 07 7 % 7,000,000 #5 May 07 - May 14 5 % 7,000,000 #6 May 14 - May 21 3 % 9,000,000 #7 May 21 - May 28 0 % 9,000,000 #8 May 28 - Jun 04 0 % 9,000,000 Total: 65,000,000 Purchase method: ETH All unsold tokens will be burnt No token creation after ICO Crowdfund details 5
Team TOMAS MEDECKIS CEO, Co-founder Experienced Managing Partner with a demonstrated history of working in the information technology and services industry. Skilled in Negotiation, Sales, Asset Management, Sales Management, and Equities. Strong business development professional with a Master's degree focused in Accounting and Finance from Syddansk Universitet. KIM NIELSEN CDO, Co-founder Senior designer and strategist, with a decade of experience in the creative field. Kim has earned recognition for his work in over 300+ newspapers, including interviews with New York Times and BBC. Skilled in complex visualization, UX and strategy with a strong focus on innovative and human-centered solutions. Kim studied 5 years at one of the top Design Schools in Denmark. ZYGIMANTAS STANCELIS CTO, Co-founder Zygimantas is an IT generalist with 5 years of professional experience in web development and functional programming. Self-driven businessminded developer who is highly familiar with asynchronous services, APIs and automated data collection. ARTURAS SVIRSKIS CBDO, Co-founder I feel the best in business development and marketing positions. I have deep understanding and experience in these Fintech industries: P2P Lending; ICO marketing and process development; Payment Service Providers and e-currency exchangers; Blockchain and cryptocurrencies. Team 6
POVILAS URBONAS BDO, Co-founder Passionate about entrepreneurship and innovations. Great business strategist, organizer, communicator and simply problem solver. Has a long term experience in analyzing and investing to different types of equity. 6+ years of studies in pure economics. AISTE PALIUKAITE Business development manager Aiste is a Certified Financial Broker and Investment Advisor with 5 years of experience in investment banking field. Aiste role is to identify how each of our clients envisages their wealth and then help them create and implement an action plan to achieve defined objectives in light of their own lifestyle and life goals. ANDRIUS PETKEVICIUS Blockchain developer Andrius is a developer, with a keen interest in open source and peer-to- peer networks, who knows the technical intricacies of cryptocurrencies inside out. As one of the first wave of bitcoin developers. Team 7
Advisors WOLFGANG RICHTER Executive partner at DWF law firm Wolfgang is a business lawyer and economist with long-term experience in financial transactions and development and execution of business models. His main focus currently is on blockchain on crypto currencies to advise on blockchain and crypto currency related projects. Wolfgang is a partner at DWF, an international law firm. Wolfgang has long worked for major international law firms including one of the Big Four accounting firms as well as for an investment banking boutique. NICK EVDOKIMOV Founder at ICObox.io Nick Evdokimov is an inspired visionary blockchain entrepreneur with vast experience founding and developing innovative blockchain projects and automating and scaling up digital marketing processes. Nick has been engaged in Blockchain projects since 2014, and has become an active participant in the ICO market since 2016. Nick was also one of the first on the market to provide ICO on demand. Founder of more than 10 companies, including Icobox, Cryptonomics, ICORoadshow. He is also a consultant and advisor in numerous projects in the field of Blockchain. Author of seven books and numerous articles on internet marketing and blockchain technologies. TOMAS MARTUNAS Managing Partner GoldfishFund Managing Partner at Goldfish Fund Venture Capital Fund that Invests into Global Leaders. Experienced early stage investor. Spectacular entrepreneurial & operational experience. Director of various departments at Swedbank. CEO, App Camp No.1 App development company in the Baltics. Team 8
XIAOCHEN ZHANG CEO Blockchain Frontier Group President, Fintech4Good Xiaochen leads the implementation of FinTech4Good and Blockchain Frontier Group s strategy which aims to introduce cutting edge fintech and blockchain solutions to emerging markets through incubation, acceleration and investment. He brings more than 16 years to scale up innovative ideas in North America, Africa, Latin America, Europe and Asia. IGNAS MANGEVICIUS Blockchain-Based Systems Developer, edgeless.io co-founder Blockchain expert, Co-Founder of Edgeless (+200M USD market cap), which had one of the first and most successful ICOs. Now focusing more on smart contracts and Ethereum-based decentralized apps. DARIUS BARUSAUSKAS A credit risk scoring expert Darius has a master's degree in Econometrics and is a credit risk scoring expert. During his 7 years of experience he has built over 30 credit risk scorecard models for a financial sector, including banks, consumer loans, leasing and P2P lending companies. His know-how helped to establish credit scoring systems for several starting up P2P companies. He is also a well known in an online data science community Kaggle for his machine learning achievements. MIKE BORIS Managing partner at GB&Partners Mike is a serial entrepreneur and private equity fund manager with more than 20 years experience in CEE. He has built up and operated various financial service providers, most recently he launched GB&Partners, a leading private equity boutique in Budapest. Mike held positions in various committees of the Budapest Stock Exchange and the Hungarian Investor Protection Fund, furthermore he has been involved in the management of various CEE IPOs. Team 9
CRISTOBAL ALONSO CEO at Startup Wise Guys, the leading B2B accelerator in Europe Cristobal is an experienced serial Entrepreneur and Global Executive (with focus on telco, media & software Development) and INSEAD MBA. Cristobal was the Chief Transformation Officer at Telenor and has worked for several other mobile operators, leading a turnaround on the technology department (IT and Network. In the past he has been co-founder, Chairman and CEO of Mobofree, at the time the leading Africa's social Marketplace, He also co-founded a mobile application start-up, mmchannel, as CCO and interim CEO, raising 2M VC round. EDWARD W. MANDEL Blockchain advisor Edward is an Ernst and Young Entrepreneur of the Year Finalist, Blockchain Enthusiast and visionary behind many successful organizations. An avid entrepreneur, Edward has a knack for designing distinctive business models complemented with superior technology to deliver unparalleled service and profitability. PHILLIP MCFALL Bloomberg L.P. Financial Sales and Analytics Phillip did his graduate studies at University of Southern Denmark and Copenhagen Business School, with a focus on accounting and finance. He spent a summer abroad at the London School of Economics. He has worked in the fintech sector the last 3 years. First as a fixed income analyst and currently in financial product sales both positions at Bloomberg LP. Team 10