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ARAW Token - Decentralised Payment for ECommerce Ecosystem

ARAW Token - Decentralised Payment for ECommerce Ecosystem
Saturday 16 February 2019

 Every day we can see how the blockchain technology is developing, which brings with it various innovative ways to solve existing problems, such as exchange at current cost, e-Commerce, monetization of intellectual property, as well as solving many other problems. However, the reality is that such a revolution, which has led to the creation of thousands of platforms and applications, also creates a completely different type of problem for users and developers.
As we can see the blockchain implementation, when compared to other common database technologies and centralized systems, can be much cheaper and requires much less investment. However, since the technology is still relatively immature, it has many holes in its system.
E-Commerce has revolutionized the traditional method used by people to exchange and buy various goods. E-Commerce has mobilised everything online and offers its customers speed and convenience thanks to its online shopping. People can buy almost anything without getting up from their sofa. Unfortunately, with the benefits of convenience, there is the problem of lack of security. About how these problems will try to solve the project Araw our today's review.

Description of the project Araw

Araw is a categorical platform is designed for payment which is used to create a decentralized ecosystem of platforms of electronic Commerce to increase the adoption of blockchain for ordinary people all over the world. The platform has created its own token Araw Ecosystem, which offers us an integrated reward system.
The aim of the Araw token is to attract as many people as possible who will use online shopping. Araw has created its own card for making payments, and this card is also available in the mobile phone. It will provide its customers with bonuses and various privileges. With this card, you can easily make purchases of all kinds of goods and buy with it cryptocurrency.

The benefits of the project

  • Araw Pay is a widget, its direct purpose is to make payments in Araw tokens;
  • E-Commerce will now be even easier and more convenient with the project's marketplace. The developers have created their own token so that it can be used to make everyday purchases. The clients of the platform get access to all the products that are available on the Araw market;
  • Araw-Touch and Pay-Card is aimed at ensuring that users can make micro-payments daily in restaurants, various supermarkets and online stores;
  • Open platform API.E-Commerce will be even easier with the API service. Customers do not need to have any programming skills to use e-Commerce;
  • Merger with the banking system-replenishment or return of Bank funds;
  • Mobile wallet project. Possibility of interaction of the system with the banking and cryptocurrency exchange, which gives a number of advantages:
    1. The ability to send and receive token-Araw.
    2. The possibility of getting cashback.
    3. Araw token interactions with other cryptocurrencies such as Bitcoin and Ethereum.
  • Integrated gift system. The developers are aiming to replace the primitive reward system to better reward their customers.

Araw road map

ICO

  • Token name: ARAW
  • Type of token: ERC20
  • The cost of one token: 1 ARAW = 0.01 USD
  • Total tokens: 5.000.000.000
  • Tokens that can be purchased:3.500.000.000 (70 percent)
  • KYC: Yes
  • Amount required to run the project:2.000.000 USD
  • The amount needed to implement all the ideas of the project: 25.000.000 USD
  • Payment methods: ETH
The distribution of tokens and the use of funds will be as follows:

Project team

The platform team includes twelve team members. The development team has over fifteen years of experience in distribution systems and mobile applications. All members of the team worked in prestigious and well-known companies such as Deloitte, TSC, Shazam, IG, BNP Paribas and other well-known and world companies. Also, the team is assisted by seven advisers who have a huge and successful experience behind them.

Conclusion

After analyzing the project in detail and studying the white paper, we can conclude that the platform is quite promising and it will be successful. The main feature of the platform is that it eliminates the problems associated with the economy of e-Commerce and cryptocurrency. The project tries to attract as many users as possible for the daily use of blockchain technology. The platform offers a good loyalty system for its users and introduces a special system of customer promotion. The project has good protection against hacking, thanks to the KYC system. At this stage of development, the project team has already managed to get some strategic partners. I am sure this will have a positive impact on the further development of the project.

Official resources of the Araw project:


AUTHORSHIP:
GPScrypto

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