REVIEW OF ARAW PLATFORM: DECENTRALIZED PAYMENT ECOSYSTEM

mayowa-eu (60)in #araw • 5 years ago (edited)

ABSTRACT

Unlike other global industries that has recorded a considerable level of blockchain adoption in this current global technological age, the e-commerce industry is yet to have a good record of this technological adoption, hence making it lag behind other sectors.

We cannot deny the recent massive growth of the e-commerce industry as of late which was clearly evident in the year 2014 when a global sales of $1.3trillion was recorded. This was a huge and the most interesting part is that predictions have been made by experts that this industry will record much more than double of this value in 2020.

ARAW?

Araw is a platform that is dedicated to creating lasting solutions to the problems been faced by both the e-commerce industry and the cryptocurrency industry.
ARAW platform is founded by Araw UK Ltd which was established in United Kingdom in 2016 and so far, they’ve been able to achieve the achieve the implementation of virtual tokens usage tonits users through the help of blockchain technology.

Blockchain technology invention has a lot of problem solving attribute both in the improved transaction processing aspect and also better mode of payment which is not controlled by any central body such as is it been experienced in bank settings. However, this technology has some shortcomings which are responsible for its setbacks hence, preventing massive adoption by the masses.

Listed below are some of the challenges experienced by the blockchain industry;

The regulation problem of government in several countries worldwide which has lead to failure of some great projects and led to increased level of fraudulent schemes
Several barriers that are encountered before entry
Inability of users to convert their crypto assets to local currency via international exchanges.
The need for professional blockchain developers
Overwhelming transaction charges which reduces value of crypto assets invested upon
Failure of using cryptocurrency for day to day transactions

Using ARAW platform, there’ll be rewards with cryptocurrency while shopping to users. This will go a long way in bridging the gap between the e-commerce industries and the cryptocurrency industry.

With ARAW, the e-commerce industry shall e transformed via the following means;

Availability of mobile wallet by Araw that which will allow the conversion of ARAW token to fiat and as well as conversion of ARAW token to several other cryptocurrencies thereby also serving as a cryptocurrency exchange
Making availability for cryptocurrency rewards for all forms of retails for individual and enterprise sellers regardless of the product, this will serve as a form of support
Providing Araw touch and pay card which allows card users to earn ARAW token whenever the card is being utilised for daily purchases and also using of earned ARAW tokens for purchases.

TOKEN PROPERTIES
Token symbol: ARAW
Total supply: 5,000,000,000
Token type: ERC20
Pre-sale start date: 1 JULY
Public sale start date: 10 SEP - 09 NOV
ICO token price: 1 ARAW = $0.01
Available for token sale): 3,500,000,000 (70%)
Soft cap: 2,000,000 USD
Hard cap: 25,000,000 USD