Triton

Triton

Inspiration

For a year now, we have been studying systems that use blockchain to generate the trust layer in complex commercial transactions, taking advantage of two of its main characteristics: being able to transmit value unequivocally between 2 pairs and being able to generate an immutable layer of operations, which allows unknown pairs operate without trust between them. There is a third point, that the ability to generate complex operations and logics in-chain, through (wrong) called smart contracts-

When we approach commercial credit, that is, factoring and confirming, we find a system that, without being archaic, entails many inefficiencies that on the one hand lead to this credit not being as economic as it could be, not being inclusive , since it only favors Tier-1 (direct) providers and it is not immediate. At the same time, the current system generates huge fluctuations in the quality of tier-2 and subsequent providers, which often do not have the necessary liquidity, which generates instability and generally a worse quality service.

The system that we propose is based on confirming, every time an supplier is awarded an order or an invoice, they are offered the possibility of collecting it in advance against an interest, at that moment we generate a battery of internal tokens that purchased generate obligations of payment, these tokens can be transferred to the entire supply chain, making it possible for liquidity providers to inject it quickly at different times. As all the operations related to Inditex orders, only the operations related to orders are financed.

Generates an inchain economy that allows better information, more liquidity and transparency throughout the value chain

Liquidity providers have previously purchased Tokens (SecTokens) that generate an interest in owning them. These tokens can be acquired by banks, funds and in general any qualified (non-retail) investor, as well as traded on any legal crypto exchange.

The money collected in the sale of tokens becomes our StableCoin at the time of its sale, generating a liquidity bag in FIAT that backs the stablecoin,

At the end of each settlement period, the interests are distributed among the owners of the tokens, moving stablecoins to their eth addresses, as if it were just another token.

At the same time as this we created a small crypto exchange, which simply exchanges stablecoin for FIAT; It does this automatically to providers, who only use the stablecoin in a fleeting way, while it is settled in the clearing house. Other crypto investors can use our stablecoin, buying it in-house with FIAT or other crypto, or exchanging it for FIATC. Generating commissions in both operations, like an exchange.

On a financial level, the interesting thing about the project is that it does not generate new debt for the group, nor extra risk, allowing to improve debt ratios and increase sources of income with a highly scalable and highly automated system.

What it does

This project begins when a user accepts an order, at which time a contract is created with triton lawmaker that declares obligations and rights of both parties. When this contract begins, the provider is given some colored coins, from that moment, they can apply for financing for that project. These currencies go through 2 states, yellow and green, in the yellow state a liquidity provider can buy them from the provider against an interest or risk, or this provider can be used to pay a provider, which we can also finance, generating a cap of credit that the provider may have with its lower tier providers.

This currency can be exchanged, as an obligation, at a free price, and when it becomes green, that is, when Inditex validates the invoice assigned, it becomes exchangeable on our exchange.

Whoever has this green colored currency can exchange it in our stablecoin pool for our stablecoin, this in turn can be exchanged for fiat on our exchange. Thus the provider receives the money in his checking account very quickly. At the same time, a part of those stablecoins go back to reserves, as interest.

Now we go to Tier-2, when a Tier-1 marks in an order that has Tier-2 providers we also enter this player in the process. This provider can advance invoices as long as they have enough yellow coins in their wallet, transferring them to the next Tier wallet. As we understand that this financing is to fulfill Inditex's request, they only turn green when Inditex says so, putting the obligation to deliver to everyone.

This same system changes tiers, so that the previous Tier can finance the next one as long as it does not exceed the amount assigned to it since the Inditex order.

This system generates many casuistry, we will review the most common:

Tier-1 that does not need financing: This Tier generates many yellow, green and blue coins, but does not use them, even so against a cashback the liquidity provider can offer financing to its providers. The finance provider confirms the payment against him and in return gives him a small cashback, a commission. We properly finance Tier-2 and the like, and Tier-1 also earns a little, charging normally

B) Tier-1 that needs urgent financing: You can sell your yellow coins to a liquidity provider quickly, you cannot finance a third party since you are selling all your credit capacity.

C) Tier-1 needs advance invoices: It maintains its yellow coins, being able to give them to a second tier, in this case it will charge a commission for giving them; this second provider can sell them in case it needs urgent financing or keep them until they become in green and there advance them. The provider that has the green coins can advance them into our liquidity fund automatically