An ecosystem where the underbanked get banked
Seamless issuance of Letter of Credits for Small & Medium Size Enterprises (SMEs)
The current financial system is
broken.
1,700,000,000,000
is the annual funding gap caused by systemic hurdles that affect SMEs in trade finance — leading to economic inequality.
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Unlocking the
trapped value
of SMEs
By leveraging blockchain technology and decentralized liquidity pools, Phree facilitates SME Trade Finance by offering a seamless issuance of Letter of Credit (LCs) to the underbanked SMEs with an integrated risk-managed DeFi Letter of Credit (LC) and a proprietary SME Marketplace.
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DeFi Letter of Credit
A risk-managed product where underbanked SMEs get seamless issuance of Letter of Credits
SME Marketplace
A fully integrated marketplace where SMEs and asset backers participate to accelerate economic growth
How it Works
Letter of Credit made seamless
Backers
Accredited Investors
Institutional Investors
Liquidity Pools
Credit Risk Committee
Default Insurance Pool
SME Buyers
SMEs
Phree’s permissioned and risk managed liquidity pool delivers a compelling value proposition to SMEs in trade finance supporting Letters of Credit.
Current Banking System
Phree Ecosystem
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Phree DAO
Decentralised. Transparent. Accountable.
The Phree DAO is critical to the governance and co-administration of the Phree ecosystem, upholding the Phree vision, and ensuring transparency, accountability and fair engagement.
Progressive & Optimal
Decentralization
See how Phree operates and evolves progressively
DAO NFT Membership Access
See how Phree DAO NFT membership work
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PHRE
Token
The PHRE token is critical across a number of utility features of the ecosystem, as well as empowers an engaged DAO in governance, participation and reward.
Roadmap
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Deploy testnet
PoC launch
Team
Our Partners
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Experience inclusive growth today
Join the Phree Community
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Recieve updates from phree straight to your inbox.
What is Letter of Credit?
A letter of credit (LC) is a core instrument enabling trade between buyers and sellers, particularly with small and medium size enterprises (SMEs).
It provides a guarantee that a buyer's payment to a seller will be received on time, or the seller's good will be shipped according to the purchase order.
If the buyer is unable to make payment or the seller does not deliver the goods as agreed, the LC provider is required to cover the remaining value of the purchase.
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Progressive & Optimal Decentralization
Optimal State Decentralization
is the foundation upon which Phree DAO’s target operating model is built on
Transparency & accountability
is built into our process of deploying DeFi Letters of Credit
Specialization & expertise
are the core pillars of our emergent hierarchy of work streams
PHRE Tokens
are the currency of our shared revenue by Phree DAO and Phree Service Company
How Phree DAO NFT membership work
40,000 NFTs are earmarked to DAO members
Allocated over time via purchase distribution. To be a DAO member, an individual needs to be whitelisted and have at least 1 NFT locked.
The DAO gains control with Optimal State of Decentralization
The Governing Council reflects the transition toward OSD as the voting power, decision making responsibility, and the end-to-end administration of the DeFi Letter of Credit product transitions to the DAO.
Stability and consistency in governance through rewards
NFT holders are encouraged to maintain their NFTs locked, and are preferentially rewarded based on frequency and quality of participation. This maintains stability and consistency in the governance of Phree Foundation and PHRE tokens,