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FTEC – the First Trading Ecosystem for Effective Trading Activities

FTEC – the First Trading Ecosystem for Effective Trading Activities

After the coming of online network, people are more and more eager to move their trading activities to it. That is why it is not so rare to find online businessmen today. There are of course many trading platforms facilitating such activity. However, not all of them could do that well. This is where the FTEC comes in, claiming to be the first trading ecosystem with intelligent services and neutral networks. However, it is not just all claims, of course. Let us discuss this platform in this opportunity. You will see if this is the one you are looking for.

How the Current Trading Is in Network Markets

Before the online network comes to existence, people pretty much did their trading in physical markets where people would gather and meet face to face personally. While they can be sure to earn profit this way, the people you are trading with and the sources you are looking for are limited to what’s around only. However, it won’t be the same with network markets. Since people around the world can have access to it, buyers get unlimited sources to choose from, while the sellers get more profit with more buyers around the world.

Not to mention, you can do the trading at the comfort of your home. It is the convenience that everyone would expect from. That is why people show much interest in moving their trading to network markets. That is also why trading platforms come to existence. That being said, for the purpose of successful trading, there are many services, bots, signals, academies, neural networks, and other products needed. Unfortunately, there had been no existing trading platform with all of those things above combined before in the network markets despite them being all important to it.

Not to mention, the existing trading platforms are not always meant for both novice and experienced trader. They could be meant just for either of them, not both at a time. Even if they could facilitate both, they are not always equally useful and convenient. By looking at how the network markets currently are, you can see that we are in the dire need of holistic ecosystem where users could find all the necessary tools to help them. With those tools, users of all levels could imagine and be professional traders in the network markets. This sure is pretty interesting solution.

Also, many users, especially the novice tend to have no experience and knowledge when it comes to crypto currencies, while those currencies play important part in network trading. However, by facilitating them with all of those tools, it is possible for one platform to support them in the trading and make them into professional ones. To do so, trading platform with ecosystem consisting of intelligent services and neural networks is needed. This is where the FTEC comes in and becomes the answer to this demand. As the new trading platform, it is the first to offer decent trading ecosystem.

What You Need to Know About FTEC Platform

The trading condition of today’s network markets is the background of why the FTEC platform comes to existence. Now that you know the background of the platform, let us tell you what you need to know about this platform. By definition, FTEC is one to offer the ecosystem with intelligence services and neural networks for the purpose of conducting trading activities on markets with crypto currencies in effective way. However, there is more to it if we look into it deeper. The trading ecosystem it is offering is not the ordinary kind.

It strives to offer the users unique ecosystem, to be exact. Why, of course, to begin with, it aims to solve the issues of current network trading. The uniqueness of this ecosystem lies in the existence of complete toolkit for successful trading. Not to mention, it is the very toolkit that is meant to work on crypto currency markets. Trading in this new ecosystem is bound to bring the users to success, regardless of what level they really are. Since there has been no others that can provide such thing, that is the reason why it is unique than the others.

Also, the FTEC ecosystem understands very well the need to form a broad community. To begin with, this is what you need for trading ecosystem. The broader it is, the more you are likely to succeed. Why, of course, sellers can’t succeed without buyers purchasing their products or services after all. The bigger the buyers are, the more you are likely to earn profit too. While it is the common reasoning in trading, this ecosystem values other thing at the same time. First, it would be about sharing the values of the project in the ecosystem.

Each project must have its own values. However, not all of people can easily discover them by themselves. That is why this ecosystem is there to help share the values of the project. See https://bitcointalk.org/index.php?topic=3161171.0 for more information to learn. Second, it is about actively supporting the developers. Well, developers can’t survive without getting support from others. Developers are developing things and people are those who will consume them after all. Thus, even this has become one of the objectives of the FTEC ecosystem we are talking about here.

The FTEC Tokens and the Pre-Sale of the Currency

Every network platform has their own crypto currency. As you might have known, this currency is pretty much the money you can use to buy or sell things in FTEC trading ecosystem. Crypto currency is what fuels the network trading even in other platforms. The use of this distinct currency is safer than using real money after all. No one other than the participants of the ecosystem will be able to interfere and cheat on you in any way. Furthermore, this currency is pretty beneficial for its users. It is usually offered by rewards, not just by purchase.

You can easily gather them all and use them to fuel your trading in this ecosystem. Let us tell you then that the crypto currency we are talking about here goes by the name FTEC tokens. To start things with, of course participants will have to invest in them by buying them during the token sale of the platform. Well, there is main round of the sale without doubt. However, we are sure that you have been hearing much about pre-sale token? What is this token then? If it is by definition alone, you should have been able to guess from its name.

Pre-sale token is pretty much the kind of tokens sold before the sale begins; the main one to be exact. Sure, this is the fastest way you can expect to purchase the tokens before the others do. While it offers you the chance to get the upper hand in buying the tokens, the time is not the main concern actually. Why, of course, it is because the price becomes the main attention of pre-sale tokens. Let us tell you here that pre-sale tokens are typically sold cheaper. Of course, you wouldn’t want to miss the chance to buy tokens for cheap.

You can save more money, while still earning the profits that they might bring when you use them in the market. However, since it is quite a deal to offer, it does not last forever. Obviously, there is only limited amount of tokens offered too. That is why you better not miss the chance carelessly. If you can benefit much from them, they sure are worth spending money for, right? In fact, you won’t be able to trade properly without them in FTEC ecosystem since they are the primary currency of the ecosystem. So, be sure to invest in them first.

How You Can Get More Info and Contact Them

When it comes to getting reliable information about FTEC ecosystem, you actually have many sources to get it from. They are currently running the project of this efficient ecosystem. Thus, you should have been able to find at least some discussion about this one around already. The link we have provided before is one of the kinds you can be sure to read their information from. If you become the member of the forum, you will be able to deliver your thoughts on this ecosystem and you can expect to get response from the FTEC.

Well, of course, there is official website you can take a look as well. If it is this website that you choose, you will be able to get as much information as you want. After all, it is the official one where the FTEC has provided many things in for visitors to read. Reading them should be able to give you pretty much good insight about this ecosystem we are talking about here. If you prefer to read more detailed information, there is whitepaper to spend time reading for better understanding of the FTEC. There are still more means left actually.

Even this ecosystem has its own twitter, facebook, and telegram account. From these, you will still be able to gather information and deliver your questions. If you can’t get the answer you want or you feel that you need some more private means, you can actually contact them at info@ftec.io. This is specific email address for information needs. Since there won’t be anyone who will see or read your messages, you can feel free to tell your thoughts, concerns, or questions about this platform. You will be able talk much with email.

Your words are not limited to merely some characters after all. Once you send your emails, all you need to do is to wait for the reply. There is nothing for you to worry. The FTEC won’t keep you waiting for so long. They strive to get you the answer as soon as possible. Not to mention, they are in fact happy to be of help to you. So, you can be sure to expect good things even from its customer service handling this matter. They do know that sometimes people’s circumstances allow questions to rise even with detailed info already explained.

Bottom Line

Now, what do you think about this trading platform we are talking about here? Isn’t this amazing one to be able to offer unique trading ecosystem that is nothing like the others? Its background shows enough how they strive to solve today’s issues of network markets and their trading platforms. Without that background, the FTEC ecosystem won’t be there after all. The ecosystem itself is great too with its intelligence services and neural networks. It is even fueled with beneficial crypto currency to keep the market running. You can easily contact them if you have any question.

Making Your Data Count: Introducing Opiria Ecosystem

Making Your Data Count: Introducing Opiria Ecosystem

The internet has been both a miracle and a great disaster for a technological marvel. In one side, the flow of information is faster than anything ever compared by any means before, that is a good thing indeed. But In the other side, your private information becomes very vulnerable by sort of thievery, misconduct, misuse, etc. this is all occurring without your concern. The data that lies within the internet system is ripe for taking, especially for those who already mastered the internet technology. Having a deep understanding of internet will make you feel like inside a free market, where everything is free, including your personal information.

We have seen any hideous private information thievery, for instance, is Facebook. Currently, the U.S sued Zuckerberg for suspicion of personal data thievery that occurred on Facebook. The data is being used for political campaign or whatsoever that is finally revealed and brought to justice. This will show you how vulnerable your data are. And therefore you need to protect that. The data are being used for market research and customer behavioral pattern to understand what kind of trending that the world now recognizes.

This is a normal phase of market research. But since it is done without your approval and conscience, therefore it’s illegal. You should know that your data are worth a penny, and therefore how if, by your conscience and approval, sells your data? That is when Opiria kicks in.

Opiria is a new intermediary party that will provide a service for you to sell your data. At first, this sounds terrible, but this is better rather than your data being stolen, and you didn’t receive any compensation. Don’t you know that your email worth money? Don’t you know that completing a survey worth money? That is all worth your time and effort, and Opiria will make it happen just for you. This is a new way of acquiring money in this age of information, as the personal data is the oil of 21st century, that what Opiria says about your data. For any further information regarding the company or the platform, you can visit several links below.

Website: Opiria.io

Whitepaper: https://Opiria.io/static/docs/Opiria-PDATA-Whitepaper.pdf

Facebook: https://www.facebook.com/pdatatoken/

 

Why Opiria?

Opiria a is a unique platform with a unique purpose, which are to safeguards your data, and to provide the market for it so you can sell it by your approval. Opiria have many clients which several of them are members of the Fortune 500, or the biggest and most famous multi-national companies such BMW, PNG, MERCEDES BENZ, INTEL, and so on. Those companies are desperately want to know what is their customer want, what is the best product that they ever hope, and what is the cost that relatively acceptable to them. Such question needs further information, and the information source will be you, and it comes with a price.

Opiria also deploys a cutting-edge technology that will protect your animosity and your data from being stolen. We deal with transaction, not thievery. Therefore every data you provide to all the clients will worth your time and effort. The ecosystem that is currently deployed is the blockchain technology that will ensure data protection and animosity for all our members, and it also keeps a very strict ledger so every flow of information will be recorded. This will include every transaction, interviews, email and so forth.

There are also all sorts of features that will make you comfortable when transacting your data. We have a mobile app which is pretty convenient for you to use, and we also have an emotional reader, eye tracker, shopping behavior, opinion and feedback features, and so on. That is why Opiria can become a potential partner for your business. All sort of those things is kept in secret just between you, the intermediaries and the client. If will not be leaked since the platform has been securely protected by the blockchain and by any other features that ensure protection.


Opiria, we protect your data from thievery

The consumers of our platform have grown exponentially in one year. As for 2017, our customer has been 4000 people with 150 clients. And as for 2018, the consumer has been skyrocketed  to 100.000. And those number will still grow, as our expected number for 2023 are 250.000.000 customer with 27.000 clients. By choosing Opiria as your data provider, means that you will know a hundred thousand people who will judge your products, and give the feedback so that your innovation and expansion will not fail.

There are also several reasons why choose Opiria, especially for all our members

  1. Full authority over personal data

Your personal data will be protected and controlled by you. It is all up to you whether to sell it or to just keep it. The clients will offer a request for your personal data. It is up to you whether to comply or to refuse the offering. But be advised the more you deny the data request, you will get such request seldom.

  1. No misuses of personal data

The term misuse is pretty unfair here since all companies mainly just want to discover what kind of market they are dealing with. The misuse actually occurred in the term of personal data thievery. The thievery that lead misuse and therefore must not happen at all cost in the future. But by utilizing Opiria, such misuse will never happen since your data are being sold with your approval.

  1. Anonymity

Regardless of how much your personal data being sold, you will stay anonym in our ecosystem. Whereas you will be fully exposed in the current ecosystem, which is in the ecosystem of thievery and misuse of personal data information. With our cutting-edge protection technology, you will remain anonym even you have sold your data.

  1. Information precision

At first, the surveys that being held by any companies will be adversely incorrect since people will provide fake information and thus failing to supply the market demand. This leads to billions of dollar wasted and threatening bankruptcy. With our current platform, all market research will be widely participated with great enthusiasm since all people are rewarded by their contribution towards the survey and thus will result in providing correct and precise information.

  1. Direct data transaction

In the usual ecosystem of data trading, there will be a lot of middleman in the process, such the data broker. The data broker usually will impose a very strict and limited database which are not quite precise and genuine as the people getting more frightened in sharing their preferences online due to the data thievery. By using our ecosystem, getting an accurate and valid data will be guaranteed since the consumer will be rewarded by giving their testimonies or interviews regarding a certain project or product.

Those are but a little example of the benefit of using our platform. For further information you can visit one of the links below:

Website: Opiria.io

Telegram: t.me/PDATAtoken

Facebook: Facebook.com/pdatatoken/

 

On The Mechanism Of Data Trading

Several features of Opiria to gather information

In this segment, we will be explaining about the mechanism that involves in data gathering within Opiria ecosystem. As we should already know, there are three main parties that involved in the whole transaction process, they are the consumer, or the people who are selling their data, the platform, or Opiria which will be an intermediate between the consumer and the clients, and finally the client, who request the data from the consumer.

The transaction mainly conducted by a token called the PDATA token or token in short. This token is some reward that will be given by a client to a consumer after conducting several interviews or filling out a questionnaire. The token is a cryptocurrency that is provided by Opiria which will be explained shortly later.

At first, the client will purchase several PDATA token from Opiria, then Opiria will provide a variety of services that are available to a client. The client then will contact the customer about their willingness to share their private data information. After both contracts have agreed, the interview or the data gathering commences. Afterward, the company then will reward the consumer with the token that worth money. There are,  a lot of information gathering techniques that the company will employ, and therefore the consumer will be asked whether or not they agree to the term.

And as for the token, the sales are very promising. The pre-sales are hitting 2 million dollars, the pre-sales will last until 15th June. The price per coin is 0.10 $, and a minimum contribution for the presales are 2.500$. There are the benefits of contributing for the pre-sales since it will give you a 20% bonus after the public sales commenced. The Pre-sale will have a hidden cap. If the hidden cap is triggered, sales will stop and the main sale will begin in 24 hours. There will be roughly 450 million tokens available for sales in the public sales, the main sale will start on 16th June and end at 14th July, and will last until it hit the cap of 5M dollars. The cap then will be raised to 35M dollars afterward and will keep on going until the token are exhausted.

All sort of cryptocurrency is welcome such ETH, BTC, and XRP. No known restriction will hinder the transaction unless you are living in a particular country such China, Guatemala, USA, Canada, and a few others are unable to participate due to legal restriction. Any other countries who have not such regulations are welcomed to join.

There are several utilities for the token, such as:

  1. Purchasing personal data

As for the company, all transaction within the ecosystem including the payment of the personal data will be done by the token, no other currencies are allowed.

  1. Conducting extensive surveys

Besides purchasing the data from the databanks, the token also could be given by the company to the consumer as a reward after doing some extensive research. The market research method is up to the clients, but compensation in the form of the token is mandatory. So for the client to collect the information from the consumer, they need to purchase the token first.

Here are also several ways for the consumer to obtain the token:

  1. Personal data selling

Once you purchase the token, therefore you will be asked to deposit your data. After you deposit your data, you can obtain the token as a reward for selling it.

  1. Doing interview or any other data gathering process

There is also the data request from the client to the consumer. They will have their methods in gathering data, such the interview for instance. By participating in such process, you can collect more token.

Conclusion and risks

Besides the prospect for the cryptocurrency, such as the huge worth of dollar and prospective for the future, there also lies several risks that should be concerned for those who consider purchasing and using the services of Opiria.

By the growing trend of cryptocurrency, the skepticism will also arouse. This has been proven by several countries banning the transaction of cryptocurrency, or at least highly monitor it flows and circulation. There will be several laws and regulation that will be imposed upon all platforms that employ the cryptocurrency as such one is not yet existed. We believe that if the legal platform has been enacted, there will be a dramatic change in the structure of our company and thus affecting the whole transaction.

There are also several risks regarding the sustainability of the cryptocurrency itself, the business risk, and the financial risk of it. But we believe those risk will be decreased as the legal platform has been enacted and therefore the transaction of cryptocurrency has been cleared up. The token is also not an investment product. Therefore we cannot guarantee the prospect of our token to be elevated shortly. It is just a currency within the Opiria platform to gather the information and data needed by the company to all the consumer. Lastly, we strongly suggest before making any kind of transaction or contribution, please read the disclaimer in the whitepaper as seen below:

Whitepaper: https://Opiria.io/static/docs/Opiria-PDATA-Whitepaper.pdf

Twitter: Twitter.com/PDATA_Token

Ann thread: bitcointalk.org/index.php?topic=3076122

Initial Coin Offerings: Crypto Capitalism Of The Modern Era?

Initial Coin Offerings: Crypto Capitalism Of The Modern Era?

Let us begin by decoding the word “CRYPTO CAPITALISM”. To begin with, Capitalism can be defined as the process of making market decisions that are very private in nature. The concept of FREE MARKET is what truly characterizes CAPITALISM. The decisions made are keeping in view the competition in the free market. Commodity prices are influenced by features such as demand, supply, and also the nature of the free market.

CRYPTO-CURRENCY; A rather heavy term which might sound new to a lot of people out there. It is nothing but a modern-dayphenomenon which has become the most sought-after industries in the world today. Individuals are flocking to invest in a rather new form of digital currency whose value has grown exponentially ever since the inception of the Bitcoin in 2009. People find it very comfortable to invest in cryptocurrency as it is an unregulated form of money which will give you amazing yields in the future. Hence, it’s safe to say that we are now entering into the cryptocurrency age.

What Is Crypto-Capitalism?

Since we have defined both the terms. Let us now define “CRYPTO CAPITALISM”. What makes cryptocurrency so appealing? There is no controlling body which controls your investments. You are free to make your own investment decisions and no one else has the right to question it. You can invest your cryptocurrency in a market which is free from any sort of influence.

Initial Coin offerings are one such market. Initial Coin Offerings is the modern-day answer to start-up funding. ICO service providers offer a unique project idea to its customers. They also mine their own cryptocurrency units which they offer in exchange for other prominent cryptocurrencies like Bitcoin, Litecoin, Ethereum, etc. amongst a host of others. If a person with a stockpile of cryptocurrency units wants to invest them further. They can do so in ICO offerings. This way, start-ups can raise the necessary funding through crowdfunding where such cryptocurrency exchanges take place. It’s a very unregulated process and hence companies can resort to a lot of creative approaches to raise the money. This is the brand-new concept of Crypto Capitalism.

Why Is This Important?

A centralized regulatory body will be a huge hindrance for any investor. They will work towards taxing any investment made. This taxation will be in the form of service charges, or simply a “fee”. Apart from paying extra money, an investor will be entitled to adhere to a number ofunnecessary rules and regulations which will be introduced. In simple terms, you will have someone watching over your investments and of course, poke their noses if deemed necessary. This also brings in uncalled for instability in the market. What would this result? This would result in a flight to more traditional forms of investment such as real estate or stocks since they are more stable.

There have been cases where the governments did try to regulate the currency. When certain far east countries talked about regulating the BITCOIN, what followed suit was highly predicted. The Bitcoin saw its value fall by a staggering fifty percent. Just imagine if such regulations were global. Would you think of investing in cryptocurrency? You would potentially think twice before doing so. The entire concept would be wiped out in a matter of months.

Are ICOs The Future Of Start-up Funding?

Modern-day start-ups are depending on Blockchain technology to raise funding to execute their projects. Earlier on, they had to depend on traditional forms of financing which is a tedious task which could or could not yield returns.

Start-ups who develop applications for blockchain technology projects now have another added privilege which they are entitled to. They can generate their own crypto units which they can easily exchange for prominent cryptocurrency units. These exchanged cryptocurrencies are the driving forces behind a majority of their projects. If you are confused about what type of cryptocurrency is best suited for your investment, make use of websites ICO Token News to gain more information on the different kinds of cryptocurrencies in the market today.

  • This is a very safe method of raising funds. A company is not answerable to any venture capitalist or surrender any equity to them. It’s completely foolproof.
  • Blockchain technology also provides a ledger system for creating a database of all the transactions which take place. This information is shared with the concerned parties, without having to endure the expenses of a broker or an exchange who charge exuberant fees for their services. It’s being used by a large number of companies and many start-ups are equipping themselves with the technology to make use of the system in place.

We all know that the BITCOIN is a ledger system which records all bitcoin transactions. This system was built using Blockchain technology. Now, companies too are developing a similar system of ledgers and putting them to different uses. The crypto tokens they sell are those which are needed to gain access to these platforms.

Once you invest in an ICO service provider, you will be given ownership to a number of their crypt units. If the startup or project is a roaring success, the value of the crypto unit is expected to soar as well. This is a direct result of the rise in demand for the crypto token.

What Is The Future Of Crowdfunding Using Initial Coin Offerings?

For a company resorting to initial coin offerings in order to raise funds, this doesn’t mean that they do not use equity offerings to raise capital. However, experts stress that a company can raise almost ten times the required funding without actually giving up any control over the company or its equity.

Despite the appealing nature of the system, it’s not that it will replace the traditional venture capitalist system anytime soon. VCs offer not just finance, they offer you a host of connections, expert guidance and most of all prestige.

However, companies resorting to ICOs have taken one step towards the future.

Initial Coin Offerings: The Scope

Despite the high number of risks involved, ICOs are expected to usher in a brand-new era of start-up crowdfunding. This could be a game changer for a long time to come.

The companies who are offering coins through ICOs are developing technologies which could be very beneficial to other industries as well. They are ushering in a new era of technology which revolves around blockchain technology. Newer uses for the technology are being devised, owing to its appealing irregulated nature of working. The demand is only expected to rise and its necessary that all companies are ready for this new era of change. Regardless of its uncertain bubble-like nature, it is a risk worth taking.

Earlier on, investors had to wait many years in order to reap a profit from their investments. But in today’s era, an investor who has purchased coins through an ICO funding campaign can expect a huge profit in as little as nine months from the time of investment. These investments can be easily cashed out into real-time money.

Expect blockchain technology start-ups to be a part of every industry like health care, transportation, real estate, banking, etc. to name a few. This is the future in front of our eyes.

Some Points To Take Note Of

As this article has constantly stated that the unregulated nature of ICO offerings is a very good thing. However, it does not mean that you do not take precautionary measures before making any sort of investment. Blockchain technology is used for scams as well. There are a certain number of fraud Initial Coin Offerings which dupe people of their investments. This has to be avoided. Make sure that you follow certain precautionary measure before investment.

Some of them are as follows:

  1. Make sure you do a thorough background check on what the project is about. Scour the internet for more information on the team behind the project. This way the authenticity of the venture is clear. The more transparency the team imparts, the more trustable the ICO offering is.
  2. Make sure you read the white paper of the project before investing. This way you will understand the technicalities of the project. It will help you decide whether to invest or not.
  3. Make sure you keep all your cryptocurrency units in an online cryptocurrency wallet. Such wallets provide you with the right security features to protect your capital from any sort of theft or hack.
  4. Be patient with your investment. Do not expect an instant profit from your investment immediately. Give it some time and wait for the project to flourish. You may end up with a larger profit if you just wait for a little.

 

Conclusion

The world of finance is an ever-changing one. A world which was once ruled by stocks and equity funds is now being taken over by the cryptocurrency phenomena. It is unpredictable and no one really knows how long the bubble is going to last. For now, it’s safe to say that Crypto Currencies and Initial Coin offerings are Crypto Capitalism of the Modern Age.

Bob Application: When Contractors Meet Block-chain Technology

Bob Application: When Contractors Meet Block-chain Technology

As the number of building constructions is getting higher in recent years supported by more advanced construction technologies itself, the work of contractors has been essential. They build buildings that can be a place for people to live in, to work in, to hang out, to have fun, and many more useful uses. However, some building owners might experience great disappointment due to several problems with their hired contractors, particularly in home repairs. Customers get their money wasted, and their trust is blown away which can affect the trade industry overall. In so, the solution should be made to resolve the problem between customers and contractors. Then, the idea of decentralizing the marketplace has come up by utilizing the technology of block-chain. In order to connect the contractors and customers directly, Bob’s Repair has prepared the solution with Bob Application. Check out more about the details below.

The Current Industry Problems

Even in the skilled trade industry, they face several problems that cause adverse effects, particularly for both to customers and contractors in the end. Here are several issues that currently become the primary concern in trade industry:

  1. Review Fraud

Before hiring the contractor, customers most probably will find their records by reading several reviews.However, particularly online reviews such as from Google, Yelp, and HomeAdvisor have the high risk of getting fraud problems in various ways. For example, construction companies might artificially ask people to write good reviews about their companies to increase their ratings. Or, conversely, the companies ask people to write negative reviews for their competitors. Instead, they will try to remove the negative reviews about themselves by paying some money.

This kind of problem can lead the customers to hire the contractor who does fraud practices and hide their company’s blackness. As a result, those types of contractors only give them bad service and waste their money. It deflates customers’ trust to search online reviews because they don’t know anymore which one is giving legitimate answers. Whereas, the customers highly depend on such reviews to make their choices on hiring the trusted contractors.

  1. Hidden Costs of Advertising Fees

Contractors often put a lot of money on advertising to make their companies’ name more popular to gain more customers. Since there are lots of advertising methods which require high cost, the contractors need to bear more costs for running their companies.In the end, they pass the costs on to the customers by offering higher prices for their trade services. It is the reason why the hidden costs of advertising fees have become another problem for the customers. They want to get the best service from the contractors to repair their home, but they need to prepare a big sum in return.

  1. Lack of Price Transparency

Some customers might never bother to find why they need to pay a certain amount of money for receiving the services on repairing their home. But, some others might curious and want to know more about the details of service costs. However, most of the contractor’s companies still lack in pricing transparency. They only display the total of service costs without giving more details. For example, only for replacing a toilet, the companies charge USD 375. The customers can’t get more details instead that number of money on the website or promotion brochures. They don’t know how much is the actual price of installing a new toilet and the labor services. Maybe, it only requires them for about USD 150 for installing a new bathroom. Instead, they need to pay more for the labor services than the toilet. This lack of transparency can result in unknowingly unfair pricing for the customers which they are supposed to get the more affordable price.

The Solution from Bob’s Repair

Do you recognize the Skilled Trade Worker Platform (STWP)? Yes, this platform has built by Prandecki brothers of Bob’s Repair since three years ago (website: http://www.bobsrepair.com/). The STWP is an SMS system that was automatically connecting the consumers and contractors directly via API in order to provide the more reliable platform with lower costs. This platform works by relying on a simple business model which simply recruiting contractors and customers through online advertising platform. At first, the contractors have to pay USD 75 per week for a flat fee. However, they will able to receive as many potential customers as were available for an average of two leads per day. When other platforms offer about USD 50 for per-lead average fees, STWP only takes USD 5.

Moreover, STWP will also be supported by automated technology, especially online process. After getting the information from local online advertising platform, the customers will call or send a message to the number from local advertisement. Prandecki brothers will receive the calls and texts then identify the number to associate with the qualified local contractors and also sync the jobs. Those automated processes rely upon an SMS API by utilizing the keyword technology that detects specific phrase to sync with the requested job, for example, toilet repair or AC connection.

Then, the outsourcing of online advertising process will be managed by the Freshbooks and Capsule CRM. Freshbooks will store all the customers’ numbers, invoices, and job information. Meanwhile, the Capsule CRM stores all information regarding customers and independent contractors. By connecting this process, STWP communicates through Bob’s Repair API. In the end, the independent contractors will see all the information, including the requested jobs. The whole process is managed to support operational efficiency by improving the scalability and profitability.

In the market, STWP was a big hit for being able facilitating more than 50,000 service calls. However, this platform itself wasn’t able to resolve those three major problems in the skilled trade industry. The founders think there should be a technology breakthrough to solve the problems. This concern brings Bob’s Repair to prepare a solution called Bob Application. Like has been mentioned in the white paper file in https://www.bobsrepair.com/docs/White-Paper.pdf.The app is supported by STEEM blockchain that takes advantages of various social media platforms including for those in Android, iOS, and web-based application. Since Bob’s Repair has a long history with experts in software engineers including those in blockchain technology, this process is expected to gain USD 340 billion in the skilled trade service market.

How does Bob Application work?

There are three main steps to describe the works of Bob Application, including:

First, customers create the jobs and deposit their money. In the Bob Application, customers will write the job description they want to request. Then, it will be published on the escrow website, and the customers will get the list of contractors that suit the requested job. They can see the contractors’ ratings, price rates, and previous reviews. They can choose up to 3 contractors which later will get notified of the job. If after reviewing the job the contractors think they can work on the job, they will propose the price, deadline and other terms. If the customers are okay with the proposal, both parties can deal with the agreement published on the escrow website with URL and SHA3 hash. The published transaction on Ethereum Blockchain will include contractor’s Ethereum address, full job payment and service fee, the array of a deadline for each milestone, array of payments for each milestone, and agreement URL and hash. After that, the job contract is created, and the customer can deposit their fee. All transaction will be stored and monitored through Blockchain technology.

Second, there are three conditions might happen during the job process that includes the milestone, payment, and refund. When the milestone has been completed, and the customer has no claims, the customer has to publish a transaction on Blockchain to job-contract to confirm the milestone completion. Contractor publishes the transaction to claim their payment deposit from job-contract. Meanwhile, if the contractor thinks the milestone has been done, but the customer disagrees then the contractor can request to escrow team to get the job done after publishing transaction to the job contract.  The team will contract both parties to discuss the milestone whether it has been completed or not. The last is the condition when the customer thinks the milestone hasn’t been completed and the contractor hasn’t published the request before the deadline. The customer can claim a refund if even after the deadline the request still isn’t processed.

Third, whether the job has been completed or failed, the customer can write a review about the contractor. The review will be published to the STEEM community for moderation, vice versa. All the reviews including the address and references will be stored on the escrow website so the other customers can check on their review.

Since STWP has already had 50,000 customers, so the platform can help the success of Bob Application. There are also cryptocurrency communities who understand more about blockchain technology to support the works. Moreover, Bob’s Repair will also use social media base including Twitter, Facebook, Telegram, and YouTube to spread more word about this application. When more people being familiar with Bob Application, they will be aware the benefits they will gain from this platform. For contractors, they will get more control to their schedule, legitimate reviews, higher take-home pay, and some more. For customers, they can enjoy better service, lower price, and legitimate reviews for looking a certain thrust-worthy home repair service.

Supporting by blockchain technology, Bob’s Repair will use cryptocurrency to raise funds for perfecting the works of BOB Application. It will use ERC20 tokens called Bob tokens that will be purchased in every quarter on an open market to provide 50% of profits for token holders. The purchase BOB tokens will experience the process of burning to provide quarterly buyback and reinvestment dividends. The whole process will be secured by ensuring the compliance with SEC regulations and international finance. Moreover, Bob’s Repair will conduct two rounds of BOB Crowdsale include pre-ICO and ICO like Prandecki’s brothers mentioned in this video.

Why Using Bob Application?

There are several benefits when a more decentralized market for customers and contractors can be created by using Bob Application, including:

  1. Trustworthy Reviews

Since building trust is always number one in the business transactions, the STEEM blockchain will help to support Bob Application to fight against review fraud. The use of blockchain technology has benefits for providing quicker transaction time by only 3 seconds with no transaction costs. In order to avoid the practice of review fraud, the application will help to link transaction reviews with actual financial transactions. All the financial transactions on the blockchain will be stored in the application. When they leave a review, it will be linked to the financial transactions that have been done between the customers and the contractors. In this way, the others customers will know that the reviews are legitimate because those were from the real consumers who have experience in getting the services from the contractors. If they have better information from legitimate reviews, they can make better decisions.

  1. Transparent Pricing

Since the reviews will be linked to the actual financial transactions, the customers will know how much the cost of service. Not only the total costs but also including more details such as material and labor costs. So, when the customers want to get certain home repairing service, they can compare the charge for several contractors. They can also check the reviews to help them determine the actual costs for their service. By creating more pricing transparency, it can discard inflated costs from those fraud reviewers and build more trust with the future customers.

  1. No More Advertising Fees

Aiming to prevent hidden costs due to advertising fees, Bob Application will eliminate intermediaries for advertisements such as HomeAdvisor, Google Ads, and others. The app works differently. In the app, there will be some functions including flagging posts, upvoting, and user reputation towards the contractors’ companies. If they can get more verified positive reviews, they will be more recognized and invest significant presence. In so, merit is playing a big part in gaining the reputation of the companies. Unlike the common advertising which requires high cost, this new structure will help to eliminate those hidden costs that often charged to the customers. Moreover, the application won’t charge for the sign-up, membership, and transaction fees. By reducing the entry barriers for contractors, they won’t be burdened by entry costs and offer lower prices for the customers. As a result, this feature will be expected to promote more growth for more decentralized markets for both of them.

So, everyone who wants to get home repairing or other services from the contractors will be more at ease in their mind since they have got the more trustworthy platform to get the services quicker. Moreover, this technology of block-chain also allows the contractors to increase their revenue since there will be more job requests for them.  Follow their social media for the latest news.

https://twitter.com/bobsrepair

https://www.facebook.com/bobsrepaircom

https://t.me/bobtoken

 

Posted by : kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741