Omnitude Blockchain: Ten (10) Valuable ECOM Token use Case.

devblock (51)in #ico • 6 years ago (edited)

As #cryptocurrency sphere continues an exponential growth, more and more project becomes available and investors are intoxicated on which project to invest, as good projects have provided great return on investment in the past. Many investors forget the difference between Price and Value, they focus on a quick flip, and buy just about any #ICO and expect to immediately sell for huge profit after #crowdsale. Some have made great return doing these but the days of quick flip are fading off. It's more easier and certain to make profit by buying and holding, in that case, investors need to clearly differentiate between a token Price and its Value.

Additionally, many tokens and cryptocurrencies represents great project that have huge potential. Some of them stand to disrupt the traditional ways of doing things, possibly bringing large profits in the future. What drives demand for token in market place ? How does the platform interact with the token, the use case of the token is of great concern to any project for the long term, How does value relate to the token itself ? These are questions long term investors ask for maximum profit. I would highlight 10 #ECOM token use case: this is where the true value lies.

What is Omnitude ?

Omnitude is a radical concept in #blockchain ecosystems. A middleware plug and play #blockchain built on Hyperledger Fabric, the open source, global, collaborative project hosted by The Linux Foundation. Utilizing Omnitude as an integration layer between existing systems allow #eCommerce businesses to adopt blockchain technology quickly and efficiently, without needing to replace current systems.

Omnitude will provide an alternative, cryptocurrency-based payment mechanism that eliminates gateway provider fees and replaces them with lower blockchain transaction fees. An ECOM token will be launched alongside the Omnitude platform, merchants, customers, and suppliers will require ECOM cryptocurrency to participate in the Omnitude ecosystem.

ECOM TOKEN USE CASE:

Omnitude will allow ECOM payments between ecosystem participants to be

• made and settled instantly through the Omnitude network.
• recorded on the Omnitude blockchain.

1. A buyer who wants to purchase a product from a seller would have to pay through ECOM token by buying and selling ECOM at back-to-back buy/sell transaction.

2. Omnitude Single Reputation will build trust between merchants, customers and suppliers. A participants will pay another participant anytime they make use of that participants single reputation.

3. A participant also pay to another participant when they write encrypted single reputation to the omnitude blockchain about a transaction involving them.

4. A customer will pay a merchant for data about the transaction to the omnitude blockchain.

5. Omnitude’s Proof-of-Interaction will provide the means to establish that a reviewer has a verifiable history of interaction with the merchant they are reviewing. A merchant will pay a customer if that customer submit a review on the product they have purchased.

6. A merchant will pay a customer, in relation to that customer's point earned in a loyalty program.

7. A merchant will pay to an affiliates or referrals, whenever the conditions for doing so under the respective program have been fulfilled.

8. A merchants will pay to a participant, if they make use of a Single Identity built initially by that participant;

9. Omnitude’s Single Identity will reduce effort required by merchants to establish customer identity, and provide a simplified, quicker onboarding experience for customers. A merchants would pay to a customer, if they make use of that customers single identity.

10. Read the whitePaper to learn more.