Can an individual be a "forwarder" or is it necessary to register a company for this purpose?
Anyone can actually be a forwarder in the LWF platform. It is especially beneficial to anyone who invests during the ICO period, if he decides to become a forwarder during the ICO, he will immediately become eligible for an advantageous seller level and a 25% discount on intermediation fees charged by the platform, for 6 months. This is to encourage the creation of a freight forwarder network before the platform is launched.
What's the prerequisites to become a forwarder on the platform or can company paper suffice?
Find the requirements below:
Full KYC verification,
- Accept the terms agreement,
- Provide a dynamic caution fee based on the volume of packages that you want to manage. (For an example, if you want to receive packages from buyers of 200$ of max amount, you've to place 150$ in caution to prevent any kind of scam. This caution fee will be released as soon you leave the vendor status. Usually in 2 weeks of job, upgrading with feedbacks and packages forwarded amount, you can easily cover the caution fees or increase it to have more packages per week to be managed.)
Registration for Beta-Forwarders is now opened as presale currently ongoing, will be a check to flag if you want to apply to the beta-services.