PLAZA - BLOCKCHAIN STARTUP FOR ELECTRONIC MARKET
Greetings to the numerous crypto community! E-commerce dates back to 1960, when 2 American companies, American Airlines and IBM, began to create a system to automate the process of reserving flights. Over the past decade, the e-commerce market has shown significant growth and in 2017 has already surpassed the level of two trillion USD. Such popularity is due to the globalization of the Internet and now users can find almost any product of interest in the online store. But with the increasing popularity of online orders, the existing structure of the e-commerce market has a number of significant problems, which ultimately affect buyers. Among the obvious problems are the following:
- Weak competition - most companies can not make a clear competition to such giants as Amazon, eBay and Alibaba, which monopolize this market and, as a result, essentially dictate their own rules;
- High transaction fees when making P2P payments that are collected by centralized payment systems, which ultimately are displayed on the price of the goods;
- Lack of confidentiality for buyers - personal data users become the subject of trade and a tool for marketing manipulation.
The blockchain technology, which has gained immense popularity in recent years, can solve many problems of the traditional financial market, including the e-commerce market. But now this technology is at the stage of its development and is still far from global acceptance by modern society, and there are a number of reasons for this: market volatility, complex transaction building mechanisms, the problem of scalability. Startup Plaza is able to solve the problems of the traditional e-commerce market by providing solutions that facilitate the smooth adoption of blockchain technology.
ABOUT PLATFORM PLAZA.
The Plaza platform has developed a unique ecosystem for the e-commerce market, providing customers with the opportunity to make purchases at online stores at the best prices, conducting all financial transactions through block chains, and thanks to MerchantChain blockchain, all transactions are conducted at a speed of 15,000 transactions per second. seconds MerchantChain is a specialized blockchain, Plaza's own development for the e-commerce market, based on the Prof of Work (PoW) consensus, which provides improved coin protocol functionality within an ecosystem. MerchantChain will allow third parties to create their own decentralized applications that allow them to support blockchain trading with the introduction of their own stable coins.
A distinctive feature of the Plaza ecosystem is that it will have two PLAZA and PL $ tokens functioning in it. The Token PLAZA is a marker of the ERC-20 standard, operating in the Etherium network, presented for purchase at the company's ICO stages and later for buying on cryptocurrency exchanges. PL $ (PlazaDollar) is an internal stable currency of MerchantChain Plaza, designed to conduct secure online trading, the rate is fixed and pegged to the dollar, which allows buyers not to worry about possible loss of funds associated with the change in the rate of the main PLAZA token.
The Plaza platform will present buyers with enhanced AI with a meta-search algorithm that will allow them to find the best deals on the right product from various online stores in a matter of seconds. The platform will feature its own PlazaMarket, where sellers will accept payment in PL $ and PLAZA and, due to low transaction fees, buyers will be expected here with the best price offers. With a convenient and simple interface, the multi-currency wallet PlazaWallet will allow buyers to store their funds and make payments with a high degree of security.
Concierge Plaza - the Alexa-based smart speaker is a unique device that allows you to mine 24/7 in MerchantChain blockchain, as well as use it as a hardware wallet. Well, the Plaza debit card will allow you to make purchases in regular stores and withdraw cash from an ATM. Not bad at all!
ICO DETAILS AND SALES TOKEN.
Token symbol: PLAZA
Token standard: ERC-20
1 ETH = 5000 PLAZA
Soft Cap = 5,000 ETH
Hard Cap = 100,000 ETH
Sold to date - 165 180 000 PLAZA (26,790 ETH) at the time of this writing
Accepted Payments - ETH
ICO will last until November 15 or upon reaching the Hard Cap.
According to the information placed in the Road Map, the full launch of the platform is scheduled for Q2 2019. It sounds promising!
In conclusion, I should say that I personally see a bright future for the platform and such projects undoubtedly contribute to a more global adoption of the blockchain technology in a global society.
The presented article is for informational purposes only and is not an incentive for your investments; make informed decisions based on your own analysis and experience.
For more information about the project, you can follow the links below:
Official site
https://plaza.systems/
Telegram
https://t.me/plazatalk
Technical paper
https://docsend.com/view/xwq594p
Twitter
https://twitter.com/PlazaSystems
My beta.bounty0x profile is ivanzabolotin
My MEW is 0x04Dc948863fE21b097b8752b115a1318a2a1952c