RE: @dstors Is Not Just An Online Store!!!

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@dstors Is Not Just An Online Store!!!

in busy •  7 months ago  (edited)

Firstly, I'm not sure exactly what the native token of use will be on your platform for buyers and sellers to transact in? Your diagram actually shows USD!
Secondly:-
Round A delegators get 3Stors per SP, so 100SP gets 300 Stors in 6 months time.
100SP right now is worth $33 USD, but you also suggest after a transaction of $250 USD value, there would be 75 stors given away worth a $45 value upvote?
So each 100SP delegator will get 300 Stors worth 4 x $45 upvote a total of $180 USD worth!! Where is the SP to back all these upvotes coming from ?

Thirdly, Your commission model is old hat. The biggest Online retailers in Asia charge 0% commission to sellers, but make money from selling promotion, how about transaction costs?

Sorry but your white paper is poor and leaves more questions unanswered than answered for anyone wishing to make an investment decision.
No mention of funding ? How much is the team fronting up ?
I'm sorry but until schemes like this get serious about business plans and providing transparency to would be investors, the crypto movement will sadly never be taken seriously.
And with typical greed, all people here appear to be interested in is how much they will get!!
And as for the logo and graphic design.....seriously!!
Finally, a lot of people trust respect Taksmasters opinions, but no-where does it say this post has been sponsored by Dstors. Transparency matters.

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It wasnt. I wrote this post like I do any other post.

The fact they decided to promote it was done on their part. The content contained in the post come from the white paper and my own conclusions. There was no direct contact between myself nor anyone from @dstors until the comments were being placed.

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Sorry, I didnt word that correctly. I hadn't intended to suggest shenanigans on your part @taskmaster4450.
I think it was a bad move on their part boosting it without mentioning it in a comment or something, not because of the value, your posts are worth every cent but just for the transparency. Another show of naivety though I'd suggest.
I noticed they read my comment though and declined to address my points which is a shame.

  ·  7 months ago (edited)

Hi @nathen007, thank you inquiring. Please tag me directly next time you want to learn something about @dstors and I'll be happy to address your concerns.

  1. All values will be displayed in USD as standard at first. You will see how the UI and UX experience of it all will allow you to see respective values in crypto equivalents. The seller will be able to choose and accept certain cryptos according to their will and that will be converted from USD to crypto upon a sale. Buyers will be able to use credit cards and paypal as an option as well.

  2. This will depend on the free market and was used to give you an idea only. The SP part is precisely why we will be running a delegation capaign as well as investing heavily in steem ourselves.

  3. Comission model is part of our business plan targeting investors and we've had top-tier business analysts reaffirm our approach as one that will be profitable. I would appreciate it if you could show proof of existing 0 commision models with incentivized layer as what we're doing here for the community at @dstors.

  4. Funding is done through the community (sp delegations) as well as our own belief in crypto mass adoption (steem)and commitments to the steem blockchain from investors that we will be bringing on board from off-chain. That's really good, in my eyes.

  5. I believe the whitepaper did address a multitude of valid points that do not qualify to be labeled as "a scheme" - this project is well on its way to become the catalyst for steem mass adoption and then crypto in general.

  6. We are here to give - it is well understood that taking steemit from blogging to business entitles one to extract something of value out of it. @dstors is here to provide that value.

  7. The logo, I talked about it in one of the replies below. Tanuki's represent financial freedom and prosperities in many of the cultures you may not be familiar with, like in Japan. Your behavior, when you shop, resembles that of a tanuki - you're digging for deals - looking for something valuable until you're ready to take it. The prices that our sellers will be able to offer compared to competitors, because of crypto rewards off-setting costs, should be understood clearly.

  8. We liked the eloquent description of @dstors by @taskmaster4450 and he seems to see the value proposition for the steem blockchain here. We decided to reward his excellent writing by investing into his blog post for all to see. I'm glad you found it, too!

I hope to see you use the platform in the future and if @dstors can create an extra economic opportunity for you, @nathen007, then our mission is complete.
Thank you.

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Thanks for your reply.

  1. Every online shop offers some form of incentivistion to both buyer and seller, For 0% seller commission models look no further than Lazada and Shoppee.
  2. I wasn't using the word 'scheme' as a derogatory term or to suggest it is anything other than legitimate...scheme is a common word to use for any plan!
  3. I understand what a Tanuki represents, my comment was on the logo and graphic design, not its subject. I simply think it looks amateurish and awful for the given context.
  4. I think it an error of judgement to have bumped up the post like that, I think it looks scammy and again creates a non professional approach. Again, simply my opinion.

I honestly think your white paper is poor, lacking in detail and I simply can't make your numbers equate. Despite you consulting 'top tier' business analysts, no one suggested without serious funding you would struggle.
Again just my opinion from someone looking at this from an investment point of view as to its profitability or even ever getting off the ground.
I will also add that even if it were the best idea and business plan in the world, I would have nothing to do with a scheme that had the reward pool raping spammer @haejin involved, so Here is his chance to drop more flags, be my guest

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Interesting where have you found the involvement of hajin?

Posted using Partiko Android

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He's a massive delegator and has links to the the founders. And hes flagging me for being critical. Pathetic sensitive little soul. But hes pissed the wrong person off this time

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Mmh good to know I was considering to delegate but I think I will wait and see if this project is worth it. Haejin is not necessary a red flag if you consider his big Investment into Steemmonsters Gold Cards and SM is now one of the best Apps on Steem.

Posted using Partiko Android

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lol, your turn now. Which big investment into Steemmonsters?

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Well not a turn don't get me wrong I totally disagree with his practices here on Steem, but it shouldn't be the only criteria to decide if I invest or not. Yes he did invested over 8 or 10k into Steemmonsters when they released the Gold cards. Everybody was shocked and thought he would buy up the whole market but as we know now he overpaid for most of the cards and is still holding them.

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$28k

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I'm sorry you feel that way about the project. Thanks for your time.