ARAW: Introducing You To The Decentralized Platform For The E-Commerce Ecosystem
Introduction
In the world today, there are some constant issue the world population experiences daily, one of them is the incentives system of E-Commerce both offline and online. It is too underdeveloped to satisfy all the needs of the customers as many of the retailer/merchant do not provide their customers with a proper incentive plans.
Over the last few years, various companies and start ups have been leveraging on the blockchain technology for different purposes, some creates token which represents a real life business application while others issues token that represent equity. This is the same technology ARAW is looking to innovate through, they are creating a platform that will revolve around a utility based token as they aim to disrupt the world E-Commerce and payment sector.
What Is ARAW?
ARAW is an ecosystem, comprising of various parts, whose main objective is to bring solutions to disrupt the conventional way of running the E-Commerce and payment sector. They are providing a decentralized E-Commerce and payment platform that will based on the ethereum blockchain. Its various parts includes part that look to improve both offline and online shopping experience for customers, and also enhancing the mode of business transaction operated by merchants, thereby offering a lot of incentives and advancements to the existing E-Commerce sector.
Why ARAW?
This platform is the first of its kind, apparently, many innovations have been operating on the blockchain technology but none will be as complete as the ARAW ecosystem. Its ability to redefine the whole E-Commerce and payment sector is amenable. This is so because it offers an end-to-end solutions to this sector that has been in dire need of change and a modernized version.
Problem And ARAW's Solution
Adoption of blockchain and cryptocurrency for regular people is a fervent global issue, the growth of the E-Commerce and payment sector is hindered by fundamental issue such as lack of dependable international exchange that will allow individuals to convert tokens to fiat currency, little or no practical use of cryptocurrency in our daily activities makes a lot of individuals not acknowledging its usefulness, different regulation bodies across the world, reduction in token value due to excessive transaction fee and barrier to entry, these are the complaints of regular people outside the cryptosphere as they claim that these issues create an obstacle which do not allow them to utilize this great innovation.
The ARAW ecosystem will provide a practical solutions to the issues mentioned above with the potential of becoming the heart of E-Commerce and Cryptocurrency combined. They aim to expose a regular to cryptocurrency by rewarding them with ARAW tokens after shopping. The main goal of doing this is to give entry to a regular person to own cryptocurrency with good upside potentials without having to deal with the difficulties which makes cryptocurrency unappealing.
The ARAW token will be made available at any location. This global decentralization will undeniably improve the growth of the token. The adoption will also be introduced without any customary change from the user's perspective. The ARAW ecosystem will provide a single card solution (ARAW Touch and Pay Card) for all reward programme a shopper may be interested in, thereby allowing customers to earn ARAW token. This will allow a common customer to easily adopt the use of card since it is similar with existing innovations (credit and debit card), but now enabled with ARAW token which possess intrinsic value and never expire.
This idea allows the token to have a practical use in our daily activities; a part which cryptocurrency have been struggling to fulfill as token were earlier dismembered from its contextual use.
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The ARAW Mobile App
One of the most important part of the ARAW ecosystem is its mobile application. An E-Commerce marketplace where customers can do their shopping while using the ARAW token is on the mobile App. However, it does not only provide a wallet for ARAW token alone,it is also a crypto wallet for multiple coins and tokens, even fiat currency. A digital exchange is also built in the application, thereby allowing users to exhange cryptocurrencies to other cryptocurrrncies or Fiat.
Another innovative part of the application is the integration of a banking system, which allows users to top up using bank account and even obtain cash back on the ARAW token they hold. The most interesting part is the addition of a peer-to-peer feature that enable users to transact ARAW token between their families and friends, thereby conveniently allows the transfer of value via the blockchain network.
How It Will Work
The basis of the ARAW ecosystem is based on the use of the ARAW Touch And Pay Card, which will be provided to customers to shop in offline retail stores. Users of the ARAW mobile application will hold ARAW tokens in their wallet, which will be used to make micro payments at any physical stores and even on the regular online shopping platforms, thus increasing the use of cryptocurrency to carry out real life activities.
To fulfill the other part of E-Commerce which is the merchant's side, they will utilize the ARAW Pay, which will be used to accept online payments with the ARAW token, thereby also increasing merchants adoption rate and will provide them with a reliable way of accepting payments from customers. Finally, customers who actively uses the App will be rewarded with ARAW token which is redeemable on the marketplace or online with merchants that accepts ARAW token as a means of payment.
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The ARAW Token
The ARAW ecosystem will present the ARAW token as the solution to release the full prospects of reward programmes. The ARAW token is a utility token that is uniquely designed for the world E-commerce and payment sector. It is programmed to embrace the security guidelines and ease of access of the ERC20.
The ARAW token will be required for all transaction that will be carried out the ARAW platform while also representing a reward point for all participating user or ARAW token holder and this tokens must be transferred through or held in an ERC20 enabled wallet.
The active use of the ARAW token creates a constant flow of ARAW token within the ecosystem; thus, the value of the ARAW token is boosted, thereby certifying it for trade in any external stock exchange platform.
Roadmap
Q1 2016
Araw Idea Born
Q2 2016
Prototype Araw Platform, Using Virtual Points Without Blockchain
Q4 2016
Araw UK Ltd Company Headquartered in the London, UK
Q2 2017
Araw Mobile Apps Launched in the UK Apple Store & Google Playstore
Q3 2017
Released Customer Insight Dashboard
Q4 2017
Deals and Offers Implemented
Q1 2018
Araw Platform on the Ethereum Blockchain - MVP development
Q2 2018
Araw Smart Contract & Liquidity Contract Development Platform Security Audit Begin Whitelisting & Airdrop
Q3 2018
The ARAW Token ICO Private Sell/Public Sell E-commerce Marketplace Unified Reward System Peer-to-Peer
Q4 2018
Araw Mobile Wallet Banking system integration Crypto Exchanges Integration
Q1 2019
Open API Platform Araw Pay
Q2 2019
Release Araw Platform in the UK Araw Card Licensing Process
Q3-Q4 2019
European Expansion Araw Card - Touch & Pay
Q1 2020
USA Expansion
Q2 2020
Asia Expansion
Conclusion
The ARAW token ecosystem objective is to expose cryptocurrency to all person through making payments with them. This kind of system will be of immense help in improving blockchain network adoption all over the world, while also ensuring that customers gets the rewar they deserve and also offering merchants with the benefit of total security and transparency. With this, I can ascertain you that the ARAW token ecosystem will revolutionize cryptocurrency for the E-Commerce and payment sector thereby ensuring merchants and customers derives maximum satisfaction from the services.
This will invariably help to boost purchase in several businesses and also put a smile on several customer's faces by providing a great avenue to continue shopping while also earning reward while doing so.
For More Details of ARAW Token ICO:
🌐 Website: https://arawtoken.io
Whitepaper: https://arawtoken.io/assets/araw_whitepaper_english.pdf?v1.0
💬 Telegram: https://t.me/ArawTokenOfficial
🕊 Twitter: https://twitter.com/arawtoken
Ⓜ Medium: https://medium.com/@TheARAWToken
ANN Thread: https://bitcointalk.org/index.php?topic=3497194
Author Bitcointalk username: Kokoshayo
Author Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2104177;sa=summary