A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Kartblock who is the provider of underlying blockchain technology to 27avenue.com has arrived. An eCommerce marketplace operating since 2013 in India and Singapore. 27Avenue has exponentially grown from a single category online store to a multi category online marketplace with a seller base of 3000 merchants and over 100 thousand SKU’s.
Before I take you on this voyage, please check out this video presentation
Now that I have your attention, let’s get right to it.
What exactly is KARTBLOCK?
KartBlock aims to create an unlimited electronic commerce platform and enable symbolic payments, which also brings together merchants and consumers around the world eliminating intermediaries.
Furthermore, KartBlock is an online marketing platform where owners of different product can make placement of their various products for the reach of customers or consumers can access different product of their choice, place order, make payment and get them delivered at their door post, this form of online marketing has its own peculiarities that is devoid of fraudlent attitude either from the seller or the buyer, delay in service delivery and all forms of negative incidents. Rather it sort to give her customers the satisfaction and confidence in marketing with incentives for every referral, purchase of their token and a lot of goodies there after as displayed below.
Revolutionize the eCommerce industry with Blockchain technology and empower buyers and sellers with unlimited transparency.
It is imperative to identify a problem before compounding solutions to them and it is on this premise that they attempted to outline these problems as thus; low business incentives from marketers which will result to lack of future patronage , lack of financial trust, sales of expired goods which is detrimental to the health of consumers, and lack of effective online market regulatory measures etc. all these factors gave rise to the advent of the KARTBLOCK.
With Kartblock Everything is better.
Electronic commerce is a necessity today in the global economy. The Kart Block ecosystem is a turning point for the conventional marketing and sales industry, where the main focus is limited to product promotion and advertising revenue.
Kartblock connects people from all over the world, exchanges goods without intermediaries, sends and receives funds easily. The Kartblock market will allow sellers to sell directly to customers with cryptocurrency.
Through the use of chain block, users retain their data, the blockchain technology returns the user’s energy. The result is consumer empowerment and unparalleled sales potential for retailers and advertisers.
The Decentralis / Blockchain ecosystem is a technology layer of the Kart Block ecosystem. This layer will be supported by the Ethereum blockchain network and the original token will become the standard ERC20 token. This layer will handle and record payments, transactions, smart contracts, data verification, etc. Through Hyperledger.
eCommerce is a massive game of capital intensive. The question of trust and transparency is almost always persistent, even when the best intentions exist, this problem can be eliminated by the Kart Block ecosystem. Through decentralized architecture, any information is made transparent to all parties and the perception is intimidated so that users can make the most appropriate decisions.
The KartBlock Ecosystem
The Kart Block ecosystem is essentially a combination of e-commerce platforms, digital wallets and Tokenized gift mechanisms. The simple yet powerful idea behind this ecosystem directly rewards customers for their valuable contribution to the Kart Block platform, without the need for intermediaries.
In addition, KARTBOCK operates an ecosystem that simply has to do with the packages they have in stock for their customers which is; their digital wallet that enables customers to keep their tokens which is a major means of buying their product, this wallet enables them to save their token and buy any product of their choice anytime, anyday without the difficulty of going to the bank to withdraw money to make payment. They equally operates an e_commerce channel of marketting where every transaction is done without any form of intermediary or middle men. A major advantage of Kartblock over her contenders in the online market place is her reward system that deals primarily with giving out her token to every referral into the platform and a high profit margin for the purchase of her token by investors during the period of sales of the token.
DApp is a short term for decentralized applications. A decentralized application has a backend code that runs on a decentralized network point-to-point. This gives DApps a great advantage over applications where the backend code runs on a centralized server. A decentralized application has a front-end code similar to another application where the interface is written in any language that calls its back-end. In addition, this frontend can also be hosted in a decentralized storage such as Swarm or IPFS.
Secure and protected data
Kart Block aims to provide radical transparency in the electronic commerce economy. The underlying blockchain technology guarantees the visibility of any activity, transaction and data transmission through the system. Unlike a very centralized market that does not share important data (to maintain marketing excellence). Even merchants have to pay a considerable amount of data for users to generate data online for analysis. Kart Block will change this monopoly system. Here you will see the transactions and the operators will be able to perform the analysis without problems.
Blockchain technology has begun to change the appearance of the Internet and our online interactions. The global e-commerce industry of today has allowed the exponential growth of the business and offers many opportunities to users around the world. But it is necessary to overcome certain challenges as the online economy becomes saturated and the real economic drivers (traders and customers) are deprived of the fair value of their contributions.
The block kart ecosystem can be divided into two parts and they include:
TOKEN AND ICO DETAILS
ERC20 type tokens are deemed as Blockchain assets that possess value, and can be used for trade, transactions and investment like any other digital currency. Therefore, with the Kart Block token, the user can hold it, trade other currencies and assets with it or use it for transactions to purchase any other entity via the Kart Block platform.
Token symbol: KART
Smart contract: Ethereum ERC 20
Token type: Utility
Token price: 1 ETH for 14,925 KART + applicable bonus
Minimum purchase: 0.01 ETH
Hard cap: 26,800 ETH
Token supply: 1 billion in two phases
ICO status: Private sale live with 60% bonus
Token Distribution and Usage of Funds
WHY YOU SHOULD CHOOSE KARTBLOCK?
Elimination of middlemen that do not add value to a product or a service but only thrive on commissions; thus reducing transaction costs and boost user experience.
Increased transparency. Consumers and merchants will know how and where their money is flowing.
Rewards and incentives to the users of Kart block platform keeping them engaged and motivated through Kart Block Tokens.
Creating growth opportunities for the e-commerce industry by dialing down the razor sharp competition.
Creating a new dynamic in product advertisement and user engagement through clicks and referrals.
Unlocking the potential for other data-driven technology companies by providing clean and unaltered data.
Allowing merchants to run analytics on their audience-data which can help them to understand and engage with users more strategically.
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.