ARAW TOKEN: DECENTRALISED PAYMENT FOR ECOMMERCE ECOSYSTEM
The E-commerce has experienced massive growth in the last few years and will continue to grow. The industry is estimated to be around $4.5 trillion by 2020. The advent of blockchain technology which cryptocurrencies are based is becoming a significant part in the growth of this industry. The banking and others essential industries in the world are adopting the cryptocurrencies to their mode of operation which is changing the traditional way of operation to a more decentralized one. The blockchain based platform called Araw is aiming to increase the massive adoption of digital currency to everyone across the globe with the use of the token developed for various transactions. They are one of the few e-commerce that is combining digital currency payment to their various operations in the United Kingdom; they offer online digital currency payment, and Touch & Pay based on the Araw token. The goal of the platform is to make the massive adoption of digital currency in every e-commerce transactions.
WHAT IS ARAW PLATFORM
The Araw is a blockchain based platform that is aiming to make the use cryptocurrency easy for everyday transactions. They will combine Touch & Pay cards and different cryptocurrency payments based on the token to be used on the platform. The aim is to allow the use of Araw token everyday transactions. Araw platform will reduce all the issues faced in the digital currency and e-commerce industry. The token developed will be used for all form of rewards and transactions on the Araw platform. The holder of this token can convert their token back to fiat with the easy to use mobile wallet used on the platform. The Araw token will also allow the common masses know the benefit inherent in the digital currency industry.
The platform is integrating different digital currency payment to allow its massive adoption in everyday transactions. They have created an ecosystem that will enable the brands and their customers to intact effectively with the use of the blockchain technology.
1. Araw Pay
The Araw pay will be used by merchant globally for accepting payment of goods and services in their stores or companies using the Araw token. They will provide a seamless payment solution with the Araw wallet and others features of the ecosystem. They will serve as an intermediary that will handle all form of decentralized payment.
2. E-commerce Marketplace
The Araw token will be used for everyday transaction in stores and with merchants globally. The platform marketplace allows the use of the Araw token by removing all forms of intermediaries’ experienced in the traditional market.
3. Blockchain Based Platform
The marketplace used the Araw token based on blockchain technology, which allows secure and fast transactions. This will be a form of escrow payment which customers that enables customers to request for a chargeback if the goods they receive in the marketplace are not up to expectation.
4. Touch and Pay Card
This will be used for day to day payment in stores and other card payment. This card is integrated with radio-frequency identification (RFID) which allows swap payment. This card will enable massive adoption of digital currency globally.
5. Open API Platform
The users of this platform will not need to have prior programming knowledge to make use of the platform. Everyone across the globe can easily access the Open API used in this platform. This will allow the users of the platform to access the platform as a developer and allow transparency of operations as opposed to what we have in the standard API.
6. Banking System Integration
The financial institution integrated on the platform will enable the users to buy the Araw token with their Fiat. They will also be able to change their token t0o fiat with the wallet used on the platform quickly.
7. Digital Currency Exchange
The easy to use exchange integrated on the platform will allow secure conversion of different digital currency to fiat.
8. Unified Reward System
The reward system used in the traditional e-commerce industry is not that effective. The unified reward system based on blockchain technology will allow fair reward on the Araw platform.
ARAW TOKEN INFORMATION
The ARAW Token is a blockchain based type of token used for all the payment and reward on the platform. The token can be gotten with fit and others cryptocurrencies
Token type: ERC20
ICO token price: 1 ARAW = $0.01
Total tokens: 5,000,000,000
Token sale: 3,500,000,000 (70%)
Soft cap: 2,000,000 USD (Reached)
Hard cap: 25,000,000 USD
The team involved in this project is experts from fields such as e-commerce and financial institution around the world. Below is the full biography of some of the Araw team members:
ARAW platform is a blockchain based platform that wants to allow the use of digital currency for everyday transactions. The platform will be solving the various challenges faced in the digital currency and e-commerce industries. The Araw token will be used for all operations on the platform. For more information about the Araw innovative platform, visit the links below:
Bitcointalk Username: Bountyfit
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2256159
ETH Wallet: 0x7e45cfC9613022C736C6D821Bdd486588A5242d0