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Anonymous

Hey I am on Medial • 1y

Want to start a commodity trading app, but it'll be different we'll store and manage physical commodities in godown, and will sell on ourselves when the rate will be favourable, and send back the profit to the invested user with a commission. For example there is high chance of increasing wheat rates in 2-3 months, so if you want to invest in this you don't have to think about storage or legal problems, we'll buy for you. But two things which will not make this platform succed I guess: 1- there are lot of commodity trading platform 2- Invested user can't withdraw money anytime once invested, They'll get the return once the commodity is sold by the company

8 replies9 likes

Replies (8)

SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

Cold storage is the biggest problem in this idea and what about food wastage ? In reality these type of ideas only successful when you have proper own storage land facilities and many industrialists are doing this as a passive income source you can search on Google eve most of them are selling in black market and this is illegal according to our Indian law .

1 replies2 likes

Looper

If nothing goes righ... • 1y

Bruh the money for handling this shit will go to losses for your maintenance, godowns, employment, taxes. Don't try this 😭

1 replies

Anonymous 2

Hey I am on Medial • 1y

Debatable

0 replies1 like

Anonymous 1

Hey I am on Medial • 1y

Liquidity will be an issue as you said yourself. Idea is good on paper.

0 replies1 like

Yash Agarwal

"Si vis pacem, para ... • 1y

The service charge that you'll have to charge to be profitable will make it so no one would want to invest.

0 replies

Nawal
•

SELF • 1y

You'll need good amount of funds + Storage place + transportation + local challenges and competition are next lvl shit

0 replies

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