InventoryClub Launches Inventory Finance Ecosystem and Lists on Exrates
21 August 2018 - 9:03AM
Business Wire
The founder of InventoryClub has announced the arrival of
another innovative cryptocurrency solution. Terry Igharoro has made
it his mission to revolutionize the way Commonwealth nations trade,
with InventoryClub being the world’s first ever peer-to-peer
inventory finance marketplace. The platform’s latest update will
make it even easier for funders and traders to achieve sustainable
financial goals, taking advantage of an exciting and rapidly
growing economy.
This is a busy time for Igharoro and his team, as the platform’s
cryptocurrency VNT has also been listed on the Exrates
exchange.
InventoryClub Ecosystem is an innovative online marketplace
where funders and traders come together for mutual gain. It
utilizes Distributed Ledger Technologies to enable a secure and
transparent online environment through the company’s own
blockchain, InventoryVault.
The ecosystem combines three main elements:
InventoryClub Peer to Peer Marketplace
The first of its kind, InventoryClub is a secure online trading
platform for merchants of the Commonwealth, wishing to sell
footwear online; from the UK and Canada to India and Kenya. People
from all over the world can become members and provide financial
backing for merchants, the financial benefits of which extend to
families and local communities. The unique model embodies the new
standard of trust provided by the Blockchain and operates with VNT
(see below).
Members finance Merchants by purchasing footwear proposals with
VNT then an Inventory Finance Agreement (IFA) is created between
the two parties, outlining purchase and resale price along with
Member and Merchant profits.
VNTPay Digital Wallet
A brand new digital wallet specific to InventoryClub, VNTPay
provides users with a secure, convenient and practically cost-free
way of managing their cryptocurrency. Users can enjoy a minimalist
interface and swift functionality with a range of language options
including Mandarin. The wallet can hold Stellar XLM coins as well
as VNT, and effortlessly facilitates the use of VNT throughout the
InventoryClub ecosystem.
Commwea B2C E-Commerce Marketplace
Commwea was created to make it easier for people of the
Commonwealth to shop online and gain access to footwear products.
The goods available will be financed by backers using VNT and
provided exclusively by Commonwealth Merchants.
Terry Igharoro said, “Through our innovative marketplace, we
make it possible for merchants who want to trade footwear online to
get access to micro-financing opportunities in a secure way. We
also aim to make it much easier for citizens of the Commonwealth to
buy footwear online from other Commonwealth merchants and reap the
benefits of 19-percent intra-trade savings. In the post-Brexit era,
we believe the Commonwealth can become a valuable marketplace for
UK exports with a plethora of growth potential that our platform
will contribute to.”
The official launch of VNT (Ventory) on Exrates Exchange is also
good news for InventoryClub and its members. InventoryClub has
taken the necessary steps to ensure VNT is a true utility token and
states using VNT within the ecosystem drives the highest benefit
for token holders.
Further details about InventoryClub projects can be found online
at https://inventoryclub.com
<<ENDS>>
Further details
Whitepaper (WP):
https://inventoryclub.com/InventoryClub_Whitepaper.pdf
Other:
https://www.businesswire.com/news/home/20180125005090/en/InventoryClub-World%E2%80%99s-Inventory-Finance-Marketplace-Serving-Commonwealth
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version on businesswire.com: https://www.businesswire.com/news/home/20180821005006/en/
InventoryClubTo arrange an interview with TerryDaniel BrahamT:
0330 333 9231daniel@inventoryclub.com.