BLOCKCHAIN technology enables everyone to access a higher level of decentralization and privacy further to giving them the ability to build up and enjoy a completely new ecosystem.
Blockchain technology has a large potential to transform business operating models in the long term. Blockchain distributed ledger technology is more a foundational technology—with the potential to create new foundations for global economic and social systems—than a disruptive technology, which typically "attack a traditional business model with a lower-cost solution and overtake incumbent firms quickly, as well as be used to create a permanent, public, transparent ledger system for compiling data on sales, storing rights data by authenticating copyright registration
TO MAKE USE OF THE PERFECT IMPORTANCE OF BLOCKCHAIN, CRYPTOCURRENCY ENTHUSIASTS COMES UP WITH AN E-COMMERCE PLATFORM CALLED ARAW
E-Commerce and commercial reward schemes are experiencing massive growth - the global sales via e-commerce in 2014 was 1.3 trillion dollars - expected to double in 2020, and the number of online shoppers is also expected to increase from 1.46 billion to 2 billion by 2020. As a result, e-commerce platforms and existing reward schemes are highly saturated - every individual shop offers their own exclusive points system. Additionally, customer acquisition is a serious problem given the difficulty for service providers to distinguish themselves from the competition. E-Commerce also severely lags behind other industries in cryptocurrency adoption.[/i]
SOME OF THE PROBLEMS FACED BY THE E-COMMERCE INDUSTRY.
• A lack of a reliable, international exchange which allows individuals to convert tokens into fiat currency.
• No practical use for cryptocurrency in day-to-day activities
• Over-regulation or insufficient regulation in different countries across the globe which both hurts user adoption and leads to different fraud schemes that damage reputation of credible projects
• A requirement for specialised blockchain developers
• A reduction in token value due to transaction fees
• Barrier to entry
The Araw Platform offers a practical solution to the problems outlined above as well as the potential to become the practical heart of e-commerce and cryptocurrency combined. It strives to reward shopping with cryptocurrency by exposing the common person to the ARAW token. The key focus of ARAW is giving effortless access to cryptocurrency ownership which comes with potential rise in value - without dealing with any of the underlying complexities which make cryptocurrency unattractive.
ARAW is an ecosystem with decentralized payment, based on Ethereum Blockchain, which seeks to increase the implementation of blockchain in everyday life around the world. ARAW IS the first company in the world to combine the benefits of e-Commerce and payments industries; to provide end-product solutions for e-Commerce, Cryptocurrency Touch & Pay cards, online cryptocurrency payment and unified reward system on Ethereum Blockchain based on the ARAW token. The purpose of the ARAW token is to be a part of everyday online shopping.
The main goal of the ARAW token is to build the Decentralised Payment Ecosystem for E-Commerce to increase the Blockchain adoption for regular people across the world. The ARAW token ecosystem offers unified reward system which any service-providing entities can partake in. This allows virtually any company to further incentive consumption of their service as they provide real value via token distribution and expand their previously limited market of loyalty-reward consumers to the next level.
The ARAW token will prove to be a revolutionary cryptocurrency for the e-commerce and payment ecosystem to ensure merchants and customers get their optimum satisfaction from the services. With the aforementioned features of the ARAW token, merchants will have a more convenient and economical service while engaging their customers. This will also encourage customers to continue using the ARAW cryptocurrency card as frequently as possible. This will help to boost purchases in thousands of businesses, and also satisfy millions of customers by providing a great way to continue shopping in the same way and earning rewards in doing so.
THE TOKEN DETAILS
Token type: ERC20
ICO token price: 1 ARAW = $0.01
Total tokens: 5,000,000,000
Available for token sale: 3,500,000,000 (70%)
Whitelist: YES (15 May – 30 June)
Know Your Customer (KYC): YES Pre-sale
start date: 1 JULY
Public sale start date: TBD
Soft cap: 5,000,000 USD
Hard cap: 25,000,000 USD
FOR MORE INFORMATION, VISIT THE OFFICIAL LINKS.
ABOUT THE AUTHOR
BTT USERNAME: ETSU