The Bob Application will store all financial transactions that take place on Bob’s Repair on the blockchain.

in #crypto7 years ago (edited)

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Website: https://bobsrepair.com/

Bob’s Repair will bring trust and fair pricing back to consumers by launching a decentralized marketplace built upon blockchain technology that connects contractors directly to consumers.

Problem.
Anyone that has hired a contractor in recent years for home repairs has faced three problems: false information due to review fraud, hidden costs due to advertising fees, and inflated prices due to lack of pricing transparency. These problems trick consumers into making poor decisions and wasting money.

Solution.
To solve review fraud, hidden costs due to advertising fees, and inflated costs to lack of pricing transparency, Bob’s Repair will build the Bob Application on the STEEM blockchain. The Bob Application will consist of a sophisticated iOS, Android, and web application.
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The Bob Application will leverage blockchain technology to fight review fraud. The Bob Application will be built on the STEEM blockchain due to its three second transaction time and no transaction costs. The Bob Application will store all financial transactions that take place on Bob’s Repair on the blockchain. Then, when both sides of a transaction — consumer and contractor — leave a review, Bob’s Repair will link that review to the actual financial transaction. By linking reviews with actual financial transactions, consumers can trust that the review is real and unaltered. Real reviews, from real consumers, provides better information so consumers can make better decisions.

The Bob Application will not have advertising from contractors. As a result, contractors will not pass on advertising costs to consumers. Contractors cannot buy visibility on Bob’s Repair through advertising. Rather, due to the functions of upvoting, flagging posts, and user reputation on the STEEM blockchain, visibility is governed by merit. For instance, if a contractor has more verified positive reviews, then that contractor will have a more significant presence. This structure will eliminate hidden advertising costs.

The Bob Application will have transparent pricing. Each review will provide the cost of the service, broken into the material and labor costs. Consumers will be able to easily search reviews to determine the actual material and labor costs for a certain service. This transparency will drive down prices and fight inflated costs.

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Token Sale.
Bob’s Repair, a Delaware Corporation, will conduct the BOB Crowdsale and issue BOB Tokens. The BOB Crowdsale will use smart contracts. A BOB Token is an ERC20 token. The BOB Crowdsale will consist of two rounds: Pre-ICO and ICO. After both rounds are finished, the BOB Token will be published on the Ethereum mainnet.

Pre-ICO.

  • Pre-ICO start: 04 Jan 2018
  • Pre-ICO end: 04 Feb 2018 or after collecting Pre-ICO hard cap
  • Token price: 1 ETH = 6000 BOB Tokens
  • Pre-ICO hard cap: 6,000 ETH

Bonuses:

  • 0–2000 ETH collected: 30% bonus
  • 2000–3000 ETH collected: 25% bonus
  • 3000–4000 ETH collected: 23% bonus
  • 4500–6000 ETH collected: 20% bonus

ICO.

  • ICO start: TBD — Q1 2018

How to participate?
To participate in the BOB Crowdsale, purchasers must register on the Bob’s Repair website (​ www.bobsrepair.com​ ) and (1) complete a Know your customer (KYC) form, (2) complete an Anti-Money Laundering (AML) form, and (3) provide the ETH address the purchasers want the BOB Tokens sent to. After completing these steps, Bob’s Repair will provide the purchaser with addresses where they can send cryptocurrencies (BTC, ETH, LTC, DASH) or fiat money.


Website https://bobsrepair.com/
Whitepaper https://www.bobsrepair.com/docs/White-Paper.pdf


My Profile Bitcointalk: DmitriySar https://bitcointalk.org/index.php?action=profile;u=1156662

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