Judging from the info available on the TradeCloud website, these people plan to spend 40% of raised funds on marketing and only 25% on software development. They have even allocated 6% for some debt repayment, which is weird. Anyway, it is not a habit of mine to invest in crypto exchanges that don't put the functionality and the security of the respective platforms first. It became apparent that TradeCloud cares first and foremost about marketing, which isn't what I am looking for when it comes to the exchange.
DeShawn September 7, 2019 Reply
I like the fact that TradeCloud developed their platform on the Corda blockchain, which is tailor-made for businesses. This signifies the fact that their team understands the needs of this market and opts for the most appropriate technical solution, and does not automatically go with the Ethereum blockchain, which now seems to be the only go-to place for all “blockchain developers.” Truth be told, I don’t possess any deep insights into the commodities market, but I can totally relate to the general problems regarding communication, price discovery, etc. So, TradeCloud looks like a legit project, which should interest all those involved in commodity trading.
Kay August 5, 2019 Reply
I like the fact the TradeCloud offers the platform which has been operational since 2017. The list of commodities available for trading is quite extensive for a fledgling platform and includes refined metals, recycled products, energy and agricultural products. I also admire how TradeCloud streamlined the document flow, communication, and the process of monitoring replies. But there is also a cause for concern which lies in the shortness of their team. Four people couldn’t have come up with so complicated a platform as TradeCloud. They need to reveal the identities of other team members to gain more credibility.
Paula July 16, 2019 Reply
I am really impressed with the team behind TradeCloud, as each of its members is a proven expert in a given field. Smart contracts are definitely one of the most impactful inventions implemented in the fintech industry, and they must unarguably be applied in the area of commodity trading. It seems that TradeCloud has what it takes to carry the mission of blockchain implementation to fruition since the technology solution and the experience are definitely present.
Vincent July 15, 2019 Reply
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