ARAW – E-COMMERCE ECOSYSTEM POWERED BY BLOCKCHAIN.
This is a project Review about ARAW – A decentralized e-commerce and payment platform on blockchain.
The rapid development of technology is affecting every aspect of our lives. This development has spread to all fields of e-commerce, education, finance, and art by the influence of globalization
The importance of the two advancements in technology which are internet and blockchain can not be overemphasized, decentralising project on blockchain has really increase the level of technology. The possibilities of the Blockchain are enormous and it seems that almost any industry that deals with some sort of transaction, and security which would mean any industry, can and will be disrupted by the Blockchain.
It is no longer a secret that the cryptocurrency has created a world that is more efficient, especially in the matter of sending and receiving money. Unlike the traditional banking system, the cryptocurrency is much faster and simpler. When you send money, for instance, you don’t need to worry about the complicated and long process, or other common verification procedures. No matter where you send the money – to a different kind of wallet, to an account overseas, etc –
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. It is an ecosystem with decentralized payment, based on Ethereum Blockchain, which seeks to increase the implementation of blockchain in everyday life around the world.
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.
ARAW will addresses fundamental problems in the e-commerce and cryptocurrency economies. Firstly, retailers online and offline offer restrictive reward systems bundled with their services – they are often of little value to the consumer given their limited nature. Reward systems in commerce as a whole are underutilised due to the lack of technological investment. Coincidentally, many companies find it difficult to provide attractive reward schemes as they risk undervaluing their services. The ‘Unified Reward System’ allows service providers to become an ARAW token distributor, allowing them to control the format of their reward plans. The ARAW token now acts as more than a simple reward point – as it is utilised and redeemable across all of ARAW’s ecosystem participants.
Additionally, owners of ARAW are able to convert their tokens into fiat currencies via ARAW mobile wallet & take cashback to their associated bank account. Secondly, the complex barrier to entry into the cryptocurrency market limits the potential value of the crypto market as a whole. The technologies surrounding ARAW are strategically built for the platform to support a ‘Unified Reward System’ – ensuring ease of adoption and maximising consumer outreach. While the ‘Unified Reward System’ makes it possible to standardise reward tokens across industries, the ARAW token will also allow regular customers to have a stake in the rapidly expanding cryptocurrency world – benefiting all parties involved
THE TOKEN SPECIFICATION AND SALE DETAILS.
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.
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%)
Know Your Customer (KYC): YES Pre-sale
Soft cap: 5,000,000 USD
Hard cap: 25,000,000 USD
THE TEAM MEMBERS.
Official Website: https://arawtoken.io
ABOUT THE WRITER:
USERNAME : UMARUA