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The FLOGmall E-Commerce Platform with The Unique Offers for Everyone

The FLOGmall E-Commerce Platform with The Unique Offers for Everyone

Increased utilization of technology makes everything can be done quickly. You do not need to spend too much time and energy to enjoy every service that is collaborated with technology. Utilization of the Internet became the beginning of the opening of the global world so that people around the world can connect without any significant obstacles. One of the increasingly growing market users is e-commerce. E-commerce market users continue to grow along with the development of smartphones so anyone can make any purchase in hand. Ease is also supported by the easy access of the internet owned by everyone. To be able to make purchases on a digital platform, internet access is the main thing to note. E-commerce has indeed become the most appropriate way out for ease of getting the product without worrying about the use of time. The price offered is also quite competitive to increase the convenience and purchasing power of consumers.

Utilization of e-commerce market also provides excellent benefits for sellers around the world. The seller can market the product efficiently. The seller only uploads the product to the site and waits for the order to arrive. However, not all sellers take honest action. Certain individuals pretend to be sellers but lead to fraud. The response is unfortunate because it can disappoint the buyer. To handle this, then specific systems are needed that can improve the quality of traded sellers and suppliers. FLOGmall has come up with the use of new concepts and innovations to provide convenience to all parties who joined the ecosystem. The FLOGmall work system will show the honest sellers in the ecosystem. The platform will use the concept of bidding, selling, and advertising done with video. Sellers can also stream about sales that occur in stores.

FLOGmall will bring e-commerce market to marketing with blockchain-based technology. The use of blockchain technology is expected to increase transaction speed and security. The method of blockchain technology can also lead to distributed ledger systems for secure storage of transaction data and ease of access. The use of blockchain technology necessarily leads to the use of Smart Contracts with Etherum-based. You can use the service with a FLOGmall token called Mallcoin (MLC). The use of tokens will undoubtedly be available with wallet support so that your transactions can be completed immediately. The transfer of the balance from your wallet to the seller will occur when you confirm the receipt of the product you purchased. Without confirmation, the funds you provide will be held in the ecosystem. It aims for the seller to deliver products ordered. When the seller does not provide the order, the funds will be returned to the buyer. FLOGmall will provide convenience to anyone who is incorporated into the ecosystem with various development services.

Innovation Services On The Flogmall Ecosystem

Unique offers in the e-commerce market will be provided via the FLOGmall platform. You can earn more profits on a promising platform. Each feature provided will be proportional to the benefits you receive. FLOGmall will move to a new market that has the availability of data and products that can increase purchasing power. The services available can help anyone to gain expertise in transactions. The project break-even point will be in a positive scenario once the official function and full-scale platform are run for the next few months. FLOGmall will be a project that has a high potential to provide benefits in the e-commerce market. The use of this ecosystem can also help the development of global investment scenarios to support the establishment of ecosystems. Making new markets will undoubtedly be accompanied by risks. The existence of the threat does not mean lowering the level of positive scenarios. The risk can always be taken into account so that as much as possible to be avoided in order not to happen.

High risk also requires you to perform calculations and get advice from individual financial institutions before making a purchase of MLC on ICO. Before investing, you also need to do calculations to avoid possible risks. The existence of a new paradigm and innovation services to provide the formation of a new category to enhance e-commerce projects established with cryptocurrency system. The use of cryptosystems will help improve venture capital funding. You need to do a thorough calculation and evaluation of the project before making a transaction for investment. As a new platform, FLOGmall certainly wants every investor, buyers, and sellers can join the ecosystem by itself without any coercion. FLOGmall will provide the detailed explanation of the system and security used. The developer also assumes that the project deserves a high economic and financial evaluation. You can know the whole concept by accessing the website and whitepaper.

Ann: https://bitcointalk.org/index.php?topic=2772079.0

Website: https://flogmall.com

White Paper: https://flogmall.com/wp/

Investment in FLOGmall ecosystem with preSale, pre-ICO and ICO

Token sales are made with a transparent and straightforward system. Anyone can participate in the token sales period to provide ease of access to the ecosystem when the platform is launched. The algorithm used is a correct procedure so that sales can be made for each site customer. The investment procedure can provide the full income derived from the project. Mallcoin token holder can purchase preSale, pre-ICO and ICO, so it will make it easier for anyone to invest. In addition to the ICO event, you also sell tokens called ATES. The concept will give users the opportunity to buy tokens on the site without going through a crypto exchange. An accredited investor may sell MLC tokens within a year of purchase.

ATES has a lead role for token holders who make purchases in preSale, pre-ICO, and ICO. Various sales stages are opened to provide ease of investment and discounts to reach an affordable price. Total distribution of tokens to be made worth 250 million Mallcoin. Shipping has also been explicitly mentioned in the whitepaper. The founding team, advisors, and platform supporters in the early stages will get a 10% distribution. Subsequent distributions were made to obtain a reserve of 9%. The fund reserves are intended to keep the platform work uninterrupted. Funding reserves can also be created to establish new impetus in project development. 7% distribution of funds will be made for bounty and bonus campaigns to be given to ICO participants, charities, and lotteries. 74% of the token will be distributed to ICO participants at every token sales stage.

You May Need To Know The Terms And Conditions Of The Distribution And Creation Of Tokens

Specific terms and conditions may have an impact on the token sale and ecosystem development. Establishment of ecosystems depends heavily on the availability of sufficient funds. For that, you are some provisions that need to be set in the token ecosystem. Token obtained from FLOGmall team will be blocked for two years. The advisory tokens and project proponents were stuck for six months. Blocked tokens cannot be used for redemption or to use services within an ecosystem. For bounty program participants, tokens will be blocked for three months. The token amount of 2.5 million MLC will be used as a form of support for the Real.help program which will be done for eight years. Assistance will be given to children in need and will be gradually disbursed.

The allocation of tokens made to the reserve fund will be partially blocked. As many as 20% of tokens will be released from the block so that accounts can be used to keep work within the ecosystem. 80% of the funding reserves will begin to be distributed in May 2019 and will be for two years to attract new international market users. Other tokens will not be exposed to hold. After the ICO period ends, there will be no creation and token mining. Token sales also have a minimum target. When the minimum amount is not reached after the token sale period finished, the funds collected will be returned to the participants. When the token amount has been met before the end of the sales period, the ICO event will also be closed soon. The token allocation will be done gradually to all ICO participants.

Let’s be The Participant of ICO and Get Registration in The Website

 

ICO will be the event to sell token. ICO will give you the opportunity to get a token that can be used within the ecosystem. To participate in ICO, you can register through the web page provided. The sale of tokens is essential for collecting funds to be distributed for ecosystem development. FLOGmall divides the token sales period into three stages: presale, praICO, and ICO. preSale will take place on the platform for the period of 14 December to 14 January. Determination of soft cap is for 500 thousand USD and hard cap 1 million USD. The specified exchange rate is 1 ETH = 6000 MLC. preSale is usually aimed at ecosystem developers, advisors, and stakeholders related to project development. Ana may join the Pre-ICO and ICO to join Mallcoin’s sales.

Pre-ICO will take place on platform FLOGmall and crowdfunding platform. The pre-ICO period will last for one month. The sales period will start on 22 February to 22 March 2018. Determination of soft cap is for 2.5 million USD and hard cap 5 million USD. The specified exchange rate is 1 ETH = 3000 MLC. When you miss pre-ICO, you can follow the ICO which will be held from 26 April to 26 June 2018. Determination of soft cap is for 5 million USD and hard cap 18 million USD. The specified exchange rate is 1 ETH = 2000 MLC. You can use Ethereum, Bitcoin, KickCoin, Ripple, Dash, Litecoin and Doge to participate in the ecosystem. You need to know that the ICO schedule may change sometime. You can get schedule change information through the website pages or FLOGmall social media account. Do not miss your chance to participate in a global-scale platform to deliver maximum benefits from the use of e-commerce.

Twitter: https://twitter.com/flogmall

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

Telegram: https://t.me/flogmallen

Using Cryptocurrency for Everyday Use

One’s habit of using cryptocurrency is limited to the development of digital currency for miners, traders, and investors. Currently, someone wants to use cryptocurrency for everyday purchases of goods without using fiat currency. The structure of utilization of digital money for safe and fast use to meet daily needs is being done. You may have heard information about hundreds of dead altcoins after ICO failure. In 2011 altcoin again turned on step by step. Corrections for altcoin utilization include the token storage error and the small degree of liquidity. To maintain the existence of the use of tokens, the increase of cash is necessary. The best way to boost liquidity is by increasing the volume of transactions that occur within the ecosystem. As the transaction increases then the need for token usage will improve as well. It will make the platform have a steady and growing level of liquidity.

Increased transaction volume can be done with the help of smart contracts that are key to progressive project development. The thousands of available altcoins may do not provide real utility and functionality to perpetuate minimum trading values. The absence of a token realization will create a market saturation that may classify an asset that depends on the application. The basic idea in the utilization of cryptocurrency will not work when a fiat and fiat money system occurs in the cryptocurrency market. The decline in the use of cryptocurrency in the paper currency will be proportional to the participation of the banking system. Cryptocurrency began to be developed for decentralized paying systems for universal use. The use of the term speculation for the use of economic shadow. Failure resulting from the payment instrument obtained. Increased utilization of cryptocurrency can be done with the development of new platforms that provide more benefits.

The Flogmall Ecosystem For Ease Of Transaction In E-Commerce

FLOGmall is one of the developments of the new platform for e-commerce usage. The original concept of platform usage is done with the use of blockchain technology and decentralized systems. The system can support the convenience of transactions and bookkeeping. The distributed ledger will help you get services with a high rate of transaction speed. Ease of deal will allow you to receive e-commerce services with products from around the world. You can also interact easily through the communication service with an automatic translator. Various products will be sold in multiple countries. The global platform reach will help you to have everything you need with ease.

FLOGmall will come up with a new market model by applying the concept of video sales. All seller activity can be recorded and streamed. To meet the needs of buyers, sellers can conduct online promotions with video so that it will have interactive and easy-to-deliver content to all network users. Transaction speed will be supported by Mallcoin usage that can be obtained through token sales or sales events outside token sales events such as ATES. Ease of transaction is also supported by the use of smart contract to ensure you get the products you want safely. Mallcoin exchange can be done when the product has reached your hand carefully. The platform will help you to find honest sellers with good quality products. Immediately join FLOGmall to improve the utilization of digital platform and cryptocurrency. The new cryptocurrency course layer will provide miners, investors, and traders. The ad formats contained on the row will be done for free to form different sets in the acquisition of cryptocurrency.

The Eternal Trusts Platform and the Eternal Trusts Token as Their Currency

The Eternal Trusts Platform and the Eternal Trusts Token as Their Currency

There is more than one person in this world who dreams for the impossible for the sake of merely improving their standards of living to even radically prolonging their life spans. Today, money is not the primary problem people have to realize their dream anymore. Even if you have much money on your hands, you still can’t make it come true unless you have the access to certain services. Yes, the inaccessibility to those services is what hinders the realization. But, there is the Eternal Trusts platform now. It is one worth to ask help from.

What You Need to Know About Eternal Trusts

To tell you the truth, improving standards of living or prolonging one’s life span is not impossible dream to realize. Many researches that close to answer that should be there already. If we have to take one example, it would be cloning animals with cloning humans. That being said, things like cloning humans have the services that are not yet approved by regulation. You might find other reasons that enable you to purchase them, like legislative inadequacies and lack of additional research. They are the common reasons of all.

Now, you know that no matter how much money you have, you won’t be able to access them on your own. This is where the Eternal Trusts step in to help you. This platform is there to make it possible for anyone to devise both products and services necessary for their goals. With this platform, research groups would also benefit for having the chance to do potential demand analysis for their latest developments. Even normal customers could make smart contract and infrastructure to give them the power to buy future services.

You have the platform that can make things that were impossible to be impossible now. It is the only platform there is to be able to offer such thing. For the sake of realizing your dreams for the future, the Eternal Trusts sure is worth placing your trust on. Once it becomes possible to buy the services necessary, you can proceed with the realization of your dream, right? Then, it would not be just dream anymore. The Eternal Trusts is just as reliable as that to serve their customers, be it for individual’s dream or for the sake of everyone.

The Eternal Trusts Token and What They Are For

Blockchain platforms would usually build their own ecosystem for digital transactions. For such transaction though, they don’t normally use real money anymore. That is why they have their own crypto currency to sell and buy things within the ecosystem. It applies the same even to the Eternal Trusts platform. The crypto currency used in this platform is called Eternal Trusts Token (ETT). In accordance with the industry standard, their token is based on ERC-20 protocol. Let’s see how this token will be used in the platform ecosystem.

  • Automatically Help Fulfill the Goals

First than anything, the Eternal Trusts Token is one intended to serve the customers as the fuel for the realization of their goals or dreams. What’s more? It is said to be able to help them automatically fulfill those goals. You must have been wondering how the token can do that much, right? Well, you see, when you submit your goals to the platform, customers are required to pay them with tokens. While it might seem that you can’t hope to simply put them for free, these tokens are what will be needed for the publishing of their objectives.

Now that your objectives have been on the platform, the Eternal Trusts will do the job to constantly search for the providers that are the most suitable to fulfill your goals. The platform can’t help you this far without you paying them with tokens. If you can eventually get the most suitable providers that can give you the exact services you need, it is worth spending your money for, right? After all, we’ve got to pay for their trouble to help us realize our dream. At least, you can entrust it to them since they can promise to make it succeed.

If you are interested in doing the same, make sure to submit your goals to this platform via an automatically executed smart contract. Then, pay their service with tokens and you are all set to make your dream come true. This is how the tokens can automatically help you fulfill the goals. Eternal Trusts Token is not just a part of the ecosystem. In fact, it is the integral part of the product that the platform offers. You might never imagine that investing your money for it could bring you closer to the very realization of your dreams.

  • Act As the Starter for Goods/Services

Visiting https://eternaltrusts.io/ will make you learn that the Eternal Trusts Token is something that can fuel the fulfillment of our goals. However, you need to remember that it is still the platform’s crypto currency to begin with. With this specific currency, people can do all sorts of transaction in the platform’s ecosystem. Also, there is benefit for using their currency like this. With it, people other than the users and the platform would not be able to meddle in their transactions. You can focus on the business without having to worry.

The tokens you bought from the platform are pretty much meant to let you get your hands on biotech products and services. You pay the platform with the tokens and it will make those products and services accessible for you. Without the tokens, you won’t be able to start with anything. It is pretty much the same with how it is used to automatically fulfill your goals. Without paying with the tokens, you can’t expect to get the most suitable service providers to contribute for it. That is why it is right to say that token can act as kickstarter.

It is the kickstarter of biotech products and services, to be exact. Now that you can get your hands on those products and services, you can be sure that the day your dream comes true is not so far away. To begin with, the inaccessibility to both of them is the only thing that hinders its realization. Now that it is taken care of by the Eternal Trusts, it is true to say that every dream is destined to succeed. The platform won’t boast their capability for nothing. So, you will never go wrong spending money to buy tokens to get the goods and all.

  • Sell Products and Services Made in ET

From our discussion so far, you must have thought that the Eternal Trusts acts like the mediator between the customers and the service providers. It is because the ET makes it possible for the providers to give their goods and services in exchange of the tokens paid by the customers to the platform. From this, you might have concluded too that the platform brings the goods and services outside to pass them to you. Thus, this is the extent of what the token is meant for. Unfortunately, this ET platform here is nothing of that sort.

The platform is also the place where biotech projects are built as well. People come up with the ideas. Then, researches are made. After that, the products and services are gathered. Thus, the projects undergo the process and development. Finally, new products and services are resulted from those projects. While people can enjoy their own products and services, they have the choice to sell them on the platform as well. As you might have known, we need certain currency to bridge the sellers and the buyers in the ET ecosystem.

This is where the token is used. Yes, besides being the currency for customers to buy products and services, it is also the same currency that is used to sell the new products and services resulted from their projects. This is how the transactions go in the platform’s ecosystem. You might never imagine that your dream can earn you profit, right? This is how far the platform can benefit its customers. It is more than just one that can help you realize your dream. You can actually share the results for the benefits of others. It sure is great ecosystem.

  • Buy Services Needed by the Clients

For the development of our projects, we can’t neglect the fact that we do need some or several services to make further progress. However, you don’t need to get your projects delayed because of this. You can just make good use of the token facilitated by the platform and you will have smooth process until your dream is finally realized. Tokens are used in all sorts of ways in this platform’s ecosystem. That is why there are all sorts of transactions happening there too. Before, you can use token to sell products and services of projects.

Now, the token will also be used by the platform to facilitate you with the services needed for them. Yes, the token is what it will use to buy the services. When it is like that, you know you will never out of materials to get your projects done, right? Everything is possible because there is this currency to fuel any transaction within the ecosystem. How it is used might vary depending on the situation, but it is sure to benefit both the customers and the platform itself. Why, of course, to begin with, the platform actually aims for certain thing by it.

It would be to generate liquidity in the emerging markets. Now, you know that even the platform dreams this big for itself. Even so, the realization of customers’ dream will still be its primary concern. You might never know that platform token can lead to something big like this and means much for everyone. That is why we can guarantee that you can be one or more steps closer to the realization of your dream if you choose to work things with the Eternal Trusts platform. You won’t regret your choice. Only with the ET here, futuristic dreams can be destined to eventually come true.

Social Media:

Twitter: https://twitter.com/Eternal_Trusts
Facebook: https://www.facebook.com/EternalTrusts/
Telegram: https://t.me/eternaltrusts

Ann: https://bitcointalk.org/index.php?topic=3130908.0
Website: http://eternaltrusts.io/en
White Paper: https://s3.eu-central-1.amazonaws.com/cdn.batyukovstudio.com/projects/eternaltrusts/documents/wpen.pdf

 

Posted by: kurniawan05

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

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