The story of my Carry protocol research at ten pointssteemCreated with Sketch.

in #crypto6 years ago (edited)

Every day I look through dozens of new projects that go to cryptornics. And the first question that I create for myself is what the project is. In this review, I want to share with you my technique for studying new projects based on the new block project of the project - Carry Protocol.

Having studied the Carry protocol, we will see that this block project aims to introduce innovations in the field of offline trading by uniting consumers and sellers. With all the technological development of offline trading, this sphere is experiencing a number of problems. The market of offline trading is huge - more than 25 trillion US dollars, but not technologically developed. Sellers do not have all the necessary information about consumers. The consumers themselves are not sufficiently protected from various marketing research and do not have control over their personal data. Traditional advertising methods are often not effective and do not work properly. The Carry protocol team developed a solution to these problems.

The second issue when analyzing a project is usually how the project in question is going to implement the plan. In the case of the Carry protocol, the project team plans to provide offline sellers with a platform for interacting with customers. Provide consumers with the ability to manage and control their data, and enable them to monetize these data. And, finally, create for advertisers a new effective and transparent channel for advertising.

If you summarize all the above, then there is a whole and clear picture of the project. Carry protocol is a platform that connects sellers and consumers through a blockbuster. The main operating elements of the system are sellers and buyers who interact with each other for the benefit of all. Another participant in the system is advertisers.

Technologies. What exactly the project consists of, this is what should be considered further. Actually, Carry protocol consists of two parts, each of which, also consists of two elements. 1) This is a block of accounts that includes the history of all transactions and has smart contracts. 2) This is a set of APIs that connect to third-party software. If to simplify, the sellers will have a special electronic device, a terminal through which interaction with the Carry protocol will occur.

**How will this work in the real world. **

More than 10,000 cryptographic terminals will be created for offline business, tracking $ 2 billion, thanks to the key partner company Carry, Spoqa.
Using these terminals, sellers will be able to offer customers loyalty points and their own armored tokens. Imagine you come to drink coffee in a coffee shop, and the seller offers you own tokens for a free cup of coffee the next time you visit. It's very difficult to tell you, because I do not even have a bitcoin purse or etherium. No problem, the seller will respond, he will simply attach your phone to his terminal, and you will receive tokens without any effort. Moreover, after visiting the coffee house, the advertiser will offer you to share your information about the purchase, in return you will receive a reward. It looks very impressive, does not it.

Well, it looks great on paper, but where is the guarantee of project success. Many times analyzing this project, I have to ask this question.

In the case of the Carry protocol, the co-founder is Spoqa (South Korea). It is the largest company in the country to award points of loyalty and rewards with seven years of experience. Dry numbers: more than 15 million customers (from scratch for seven years); annual tracking of more than $ 2 billion, expansion to Japan; own terminals installed in 10,000 locations throughout the country (Dodo Point loyalty service). A few years ago they acquired a competitor Points Plus two years ago, which gave them another 5 million users.

As we see, the Carry protocol already has a place to work and, thanks to the advantages of the blockbuster and new innovative developments, this project will be able to become a leader around the world. On all Spoqa terminals, the Carry protocol will be launched in just a few minutes.

** Is there support from big business and well-known funds. **

Carry protocol supported such a large and well-known fund as Hashed. (one of the early investors in KyberNetwork, OmiseGO, EOS and ICON). And also Kenetic Capital, Signum Capital, XSQ. Any of the projects entering the market would be glad to receive such large investors.

**Tokens of the project. **

A Carry token (CRE) will be created for use in the project ecosystem. The token of the standard ERC20. A total of 10,000,000,000 tokens will be issued, 40% for the sale, 25% for the affiliate program. The price of the token will be announced later, it is necessary to follow the news channels of the project.

The project team. It is very important when studying the project to study the team and make sure that their qualifications are enough to solve the tasks set.
The following people are responsible for developing the Carry protocol.

Grant Sohn is the founder of the project. Co-founder in Spoqa. And also in Rocket Internet and McKinsey & Company. A graduate of Stanford University.

Richard Choi is co-founder of Spoqa, as well as in SK Group, MS Cornell and
BS JHU Engineering. He received his higher education in the USA. University of Hopkins (biomedical engineering) and the University of Cornwall.

Swen Mun is a technical director. Also from the team of Spoqa, experience in cryptography and database protection.

Although the team does not have much experience working in the blockroom, but their successful business allows us to hope that they will cope with the current tasks.

Prospects for the project.
In the near future, Carry protocol plans to install more than 500 thousand of its terminals, this will allow a large number of people to be involved in the ecosystem of the project. And let's not forget that the project comes from South Korea, and this country is the leader in technological innovation, and here the real boom is crypto-currency and everything that is connected with this.

Conclusion.

And the last question I ask myself would be if I would finance my own funds in this project. If you went through step-by-step steps on all issues studying the project, the answer usually does not keep you waiting. In the case of Carry protocol, I already see a promising and successful start-up, ready for a new round of its development. The contribution of large investors shows interest in the project. Although this is a specific topic, and the team does not have much experience in blocking, but definitely the project deserves attention, and I'm waiting for the announcement of the price of the token to give a definitive answer to this question.

View more info from website: https://carryprotocol.io/
Whitepaper ENG
Author: luioanh

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