Blockchain technology continues to penetrate into various areas of human life. Today, with the help of cryptocurrency, you can pay in some shops, restaurants, online venues and other institutions. But at the same time, such payments are still far from global distribution. It is the e-commerce niche that is going to be occupied by the ARAW token project. More information about ARAW Token project https://arawtoken.io/
Developers want to use their tokens to pay network users for purchases. In the center of the ecosystem is a mobile application, which is a universal purse. Here you can use the exchanger and follow the courses of Crypto-currency.
What problem does ARAW token solve?
ARAW token works on the basis of the blockbuster Ethereum. Developers want to solve the problem of availability, so that their currency is available to any ordinary user. The main task is to create a decentralized payment system for the e-commerce sector. In this case, ordinary buyers will receive cashback when making purchases and together with the sellers will benefit from the absence of intermediaries in making transactions.
On the basis of ARAW Pay, retailers will be able to deploy a single e-commerce platform across the enterprise. Additional product ARAW Card is a physical card for payment of purchases offline and online. All transaction data will be stored in the locker, so any fraud schemes are impossible. A smart contract ensures the transfer of funds and the receipt of goods or services.
Also, users will be able to return a certain percentage of the system commission as a reward for using ARAW token. For site owners, there is a special widget that helps you quickly connect to the payment system.
ARAW Tokens and its TokenSale:
Platform tokens will be used for many purposes on the platform. In total, 5 billion tokens are issued, 3.5 billion will be available for purchases to the community. To purchase tokens, you need to go through the "know your customer" procedure. Pre-sales began on July 1. The minimum required to run the project is $ 2 million, the maximum for a quick launch is $ 25 million. 1 token costs 1 cent.
Distribution:
On account of the distribution of tokens, we can say the following: 70% are allocated to sales to the community, 15% to the reserve platform, 9% to the founders and the platform team, 3% to the advisers of this project and 3% to the bounty and airdrops.
On account of using the collected funds: 37% is allocated for marketing and platform promotion, 35% for research and development of the platform, 15% for operating expenses, 10% for security and legal costs, and 3% for customer support and platform administration.
The Team
The project team consists of 19 people, among whom are experts in the field of block, leading financial analysts, programmers, lawyers, designers and managers. Top management has experience working in such large companies as BNP Paribas, Barclays, Shazam, J.P. Morgan, Capital One and others. Thus, a lot of specialized specialists work on the project in order to adapt the financial integration of ARAW Pay to the markets of different countries.
Roadmap
The idea of creating the project was born in 2016. For two years, developers have done a lot of work, which is evident when you are familiar with the application, the site and the product in general. During this time, the application was launched on the App Store and Google Play, prepared for the block, smart contracts. In the future, it is planned to list on crypto-exchange exchanges, expansion in European markets, integration into the banking system, launch of plastic cards and a full-fledged launch of ARAW Pay. The first market will be the United Kingdom. In 2020, the company plans to expand in the US and Asian markets.
At the moment, the first online electronics store functions in the demo mode, in which ARAW tokens can be paid. At the time of this writing, it was demo.arawtoken.io, which only serves UK residents.
In conclusion, I want to say that this platform is an interesting product, which, again, is aimed at developing the crypto community and facilitating purchases in e-commerce. Given this, you can count on the interest of users in the platform. For more detailed information, you can read the information document.
For more information, visit the official Araw website: https://arawtoken.io/
Araw Whitepaper: https://arawtoken.io/assets/araw_whitepaper.pdf?v1.8