ARAW Token Ico Review : The Decentralised Payment for E-Commerce Ecosystem
About ARAW Token
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.
Araw platform eliminates the fundamental problems in the economy of e-Commerce and cryptocurrency. The ARAW token acts as more than a simple reward – as it is used and redeemed for all members of the ARAW ecosystem. In addition, owners ARAW may convert their tokens into fiat currency using the mobile wallet ARAW and return cash back to your Bank account.
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
How Does The Company Works?
By Introducing the ARAW Token, the heart of the decentralized payment ecosystem powered by the Ethereum Blockchain, the company is aiming to increase blockchain adoption for regular people across the world. ARAW Token is the first company in the world whose mission is to combine the benefits of the E-Commerce and Payment industries; provide end-to-end solutions for E-Commerce Marketplace, Touch & Pay Cryptocurrency Card, Online Cryptocurrency Payment, and Unified Reward System on the Ethereum Blockchain powered by the ARAW token. The goal of the ARAW token is to be a part of everyone’s day-to-day online & in-store 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 in 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 is a utility based token specifically designed for the global e-commerce & Payment industry. ARAW token will be released into a public ICO and any funds generated through this ICO will be used mainly for improving infrastructure, product research & development, and sales & marketing.
The ARAW token is an important component of the e-commerce ecosystem, with a particular aim to integrate our existing reward system into the e-commerce industry. It can be seen as a B2B2C unified reward system that is designed on the Blockchain. This platform allows the participating merchants to reward their customers with ARAW tokens for their purchases. The management responsible for the decentralization of rewards on blockchain makes the ARAW token ecosystem unique and provides a lot of value to every one of our customers and members.
The consider the lack of reward programmes in the biggest e-commerce distributors to be an enormous problem and a market opportunity. The largest e-commerce firms take a sizable commission for each product sold on their platform and only provide a basic service of delivering the product to the consumer. However, with the introduction of a unified reward system, the company can enhance the consumer experience and introduce a consumer-driven market, encouraging customers to migrate away from basic e-commerce services.
The long and expensive payment process for merchants is one of the most obvious problems in the retail and e-commerce industry. At times, there may be more than 5 different fees for the payment gateways and half a dozen steps to finalize the transaction. Similarly, the transaction charges might range between 2-5% with a chargeback fee. Also, the existing payment gateway on the majority of the e-commerce stores rarely provides an avenue for the merchants to accept mobile transactions at their stores.
Having to build trust is difficult as online marketplaces are managed by a few large entities. There is a difficulty in the transfer of trust from one centralized marketplace to the other; there’s a need to create a strong relationship with the merchants. Unfortunately, the history of the merchant is not always recorded making it impossible to punish dubious merchants or buyers. Huge advertising and identity verification efforts are required for easy and safe transaction for a merchant to be trusted.
Through the blockchain technology, the company has been able to process payments with only fee and single step, which would lead to the acceptance of payments on the ARAW token platform generally up to five times less expensive and up to ten times faster for our participating merchants. After the integration of ARAW token ecosystem, participating merchants would have access to accept payments in the ARAW tokens, use reward system features, and exchange fiat currency from the ARAW token.
Peer To Transfer
The ARAW token platform enables a peer-to-peer transaction to give users the chance to engage in a direct exchange of goods and services. This enables free trade between two parties anywhere in the world. A seller can sell directly to a buyer across the world without the usual services of middlemen or going through different currency conversions and exchange rate fluctuations.
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