Jul 1 2018
As the world progress, many forms of the business has been fundamentally changed, and one of them is the realm of commerce. Decades ago, we still conduct our trading mechanism with face to face or peer to peer relations between the merchant and the customer without any intermediaries. But as the advancement of the technology hits the world, the commercial process has been changed in the way of the electronic commerce or the E-commerce. This form of business are utilizing the internet to sell their products on the platform we know as the online shop. The online shop’s trends are rising dramatically to the point where most of the products that are being traded in the real trading place, is also traded in the online shop.
The tide is now favoring the online shop, where so many transactions have been conducted inside the realm of the E-commerce. There are several reasons why this trend is rising very fast, some of them are:
- Cutting the cost
The cost here is the major trouble for both the customer and the merchants, and thus the mechanism of an online shop is favoring both parties. the merchant here is rewarded by the simplicity of the online shop where they don’t even need to open a real stall that is very costly and thus making the business expansion really hard. But by utilizing the online shop, they simply can open their shop anywhere in every corner of the world since the internet is a global connection. You can virtually purchase everything, in any country, regardless of the distance. Of course, the distance will make up for some of the expenses, but that kind of trading operations simply is not viable and bringing more harm than any potential prospect.
- A wide variation of goods
The physical stall is always limited to the size of such stall or shop, and thus making the shop is very limited in the capacity to have more items. The online shop will have no such problems since the online shop is not physically existed shop since all they need is just a warehouse that is more than enough to provide the goods that the customer asked for. The online shop also doesn’t have the issue of the goods placement, since they are online, and the goods are being publicly shown without any special effort.
- Shopping with ease
In this time, you can virtually have anything without even stepping your feet outside your house. you can order almost anything, from the simple daily meal to the most expensive cars, laptop, and so forth. And this is what makes the online shop is favored by all the people since it offers the ease of the transaction, without they even need to go out and browse the good by themselves.
- Numerous alternatives
Unlike any physical shop that offers a little alternative, the online shop simply offers you an endless alternative to your shopping pattern. Disliking one shop? You can always choose the other online shop that exists on the internet, and so forth. Such situation is not found in the real shop since the physical shop is not just pop out of nowhere, but the online shop is always popping out. The alternatives also will have the impact concerning the prices, quality, the delivery duration, and so forth. This will result in a more personalized shopping experience where the customer is given so much freedom to determine what kind of shop that they are going to choose.
For all these reasons, the online shop is rising and blooming like the flowers in the spring. The transaction of the online shop alone has generated billions of dollar per year, and it is estimated to reach trillions of the dollar by the end of 2020. That goal is possible since more and more people are connected to the internet at that time, and thus making them a new customer of the online shop. For any further information related to the online shop, you can visit one of the links below:
Problems And Solution Of Online Shopping
But the rise of an online shop does not mean that they are immune to the issues and problems. The emergence of the online shop is the disruption of the global economy and commerce situation, and thus it makes tons of issues that are facing the whole system of the electronic commerce nowadays. Here are several issues that are being dealt with by various parties and countries.
- Over-regulation and no regulation
The habit of the regulation-making process is, when a new phenomenon emerges, the regulation is soon followed. It means that the regulations are always one step late and thus making the commercial chaos, at least for several following months. We can see the havoc in any developing countries such as Indonesia where the startup business is disrupting the usual business environment and thus make the riots everywhere. The government is always too late to react and thus making the e-commerce is unstable and untreated fairly. This is due to the lack of the regulation, and this situation is being handled better day by day. But there is also the over-regulation caused by the trust issues and integrity issues that are limiting the movement and spread of the e-commerce and thus hindering such business.
- The reward which is unrewarding
The platform of one big online shop is actually just a big cloud consisting myriad of an online shop that is supplying the goods and customer to the platform. But this is irony, since the big platform is relying upon the small online shop merchant, but yet they are poorly rewarded and thus making the business slow and tedious. There are several groundbreaking inventions such as the introduction of cashback and loyalty point, but that trend simply fails to influence the global e-commerce trend.
- Trust issues
One of the main barriers for the people to purchase their goods in the online shop is the trust issues caused by the goods. There are countless complaining that occurs within the system, where the goods and the advertised goods are actually the different goods. This makes the outrage of the customer and thus leaving the e-commerce transaction and return to the old fashion way of trading methods. The trust issues here is actually declining since more and more online shop is having a better and more reliable goods quality that is worth trusting.
Fortunately, there is one invention and innovation to solve several major issues to the e-commerce and thus making the e-commerce becoming more stable and more reliable source of trading both for the merchants and the customer, namely the ARAW token. This platform is introduced lately in 2017 and also has their own mobile app. This platform is founded in the UK and soon will encompass the rest of Europe and world. This platform offers several solutions, here are some of them.
- Introducing cryptocurrency as a valid transaction currency
The cryptocurrency is the child of the information age. A cryptocurrency is a form of digital currency that is widely accepted and used for many forms of transaction. But unfortunately the transaction of cryptocurrency is severely limited due to the trust issues and therefore the cryptocurrency is not used by day to day transactions. The goal of this platform is to make the cryptocurrency accepted for day to day transaction and thus making the cryptocurrency have a practical uses. The platform is struggling to make countless of cooperation to introduce their own currency, called the ARAW token to be accepted widely by all the merchants and online shop all across the globe.
- Bridging the merchants and the consumers to conduct the cryptocurrency transaction
the main issue between the merchants and the customer to conduct their transaction using the cryptocurrency is the lack of the third party platform to accommodate such transaction. The platform is aiming to create the bridge between all trading parties such as the merchants, the customer, and the cryptocurrency in the ETH blockchain to conclude the transaction using the cryptocurrency. This mechanism is called the floating ecosystem, and this ecosystem will support a countless form of a transaction using the token.
- Araw touch and pay card
The ARAW pay card is actually the groundbreaking invention that is occurred within the system of the cryptocurrency. This pay card is enabling the token to gain their daily and day to day function, where the other token is lacking. The ARAW token can be obtained and “mined” by shopping and purchasing the goods that are conducted within the realm of the ecosystem. The token then can be accumulated and thus could be used to purchase the goods that the people need. Actually, this kind of mechanism already exists in the form of cash back, but the currency that still they used is the fiat currency, not the cryptocurrency.
For more information concerning the platform you can visit one of the links below:
The Token Sales So Far
Just like any other cryptocurrency platforms, the token is being generated in the event of the TGE or the Token Generation Event. This TGE is the only way to get the Token that will be used for the transaction within the system. But still, the token can also be obtained by shopping so that the token can have the daily function. The sales of the token are divided into two kinds of sales, namely the pre-sale or the early sales, and the main sale. The early sales are actually the sales that posses most of the bonus that can be obtained through joining the pre-sales. by joining the pre-sales, you will obtain more token, compared to the main sales, since the early sales will contain bonus where the main sales usually don’t.
The pre sale is already underway since it is started on the 1st July. The private sales have been proving a huge success since it already reached the soft cap which is 2 million USD, and the hard cap will be 25 million USD. The pre-sales will have the period of 60 days, and it will end on 30th Aug 2018. Unfortunately, the public sales are not announced yet, but we assume that the public sales will be started just after the pre-sales. the token itself is worth 0.01 dollars per token, and it will be steadily increased as the supply stagnates but the demands are getting higher. As the total token production stays in 5 billion tokens, where the 70% of them, or the 3.5 billion token will be distributed in the sales.
As for the token distribution, here are the shortlists of them.
- 70% (3.5 billion) for sales
- 9% (450million) for founder
- 3% (150million) advisors
- 3% (150million) bounty and airdrop
- 15%( 700milliion) reserves
Here are several usages of the token within the ecosystem
- Purchasing Goods
This is the most obvious function of the token, which is to be used as the main form of transaction currency inside the platform. It means that the merchants and the customer that is within the sphere of the ecosystem need to adopt the platform token and thus making the token widely used by a lot of merchants.
- Obtaining special offers
In the e-commerce system, there are usually several attraction events such as the discount, and so forth. The token can be exchanged in the forms of the discount or any other free goods that will be benefitting both the merchant and the customer.
The token can also be exchanged in the forms of the fiat currency such as dollars or euro. Therefore the customer will be encouraged to hold and keep their own token as the price and the value of the token are steadily increasing in the future.
For any further information relating to the token sale and the TGE you can visit one of the websites below: