Plaza Systems ICO Review

xpency (63)in #plaza • 6 years ago (edited)

Greetings to everyone here !!

I hope you guys are enjoying the market trends? Cryptocurrency and its underlying blockchain technology is here to stay even with the situation of the market, we should count ourselves lucky to be among the early believers in this innovation that will spearhead the next industrial revolution the same way the Internet did in the 90s. Today, I’m here to review another project that is working on a solution that will bring blockchain technology closer to all through e-commerce business model.

E-commerce is one of the greatest benefits of the Internet and if e-commerce is combined with trustless technology that will take the place of third-party verification and execution in all industries that need the services of third-party executors, the end result will be awesome! Let's ride on, the name of the project is Plaza and this project is aiming to connect lifestyle and technology together and to assist in pushing forward the way both interact together to give users best lifestyle experiences with lifestyle products and services. It is obvious that many have already been enjoying this kind of interactions but Plaza project is planning to use the innovative blockchain technology to help further the cause in a new approach and innovative manner.

What Is Plaza Systems?

The search engine of Plaza platform will be able to search the entire Internet for the best available deals and then check if the company or seller is already on Plaza marketplace or not. If the company or seller has active account with the platform, then the buyer will be able to complete deal through the platform blockchain networks and make payments with the platform stable non volatile Cryptocurrency known as PlazaDollars (PL$). Plaza understand that it will not get ideal to make used of volatile token for buying and selling in the platform and that's the reason why they created a stable coin known PlazaDollars. You can also makes used of Plazacard which is connected directly to your account.

Am yet to fully go into details of the platform blockchain protocol knows as MerchantChain and the platform Dual-token system.

Plaza aims to help you save money while creating avenue for companies and merchants to market their products to potential buyers thereby creating a win-win situation for both of them.

How Does It Works?

The Plaza marketplace is built on the project blockchain known as MerchantChain. The MerchantChain is fast, highly scalable and future-proof. It is a blockchain-infused commerce (bCommerce) infrastructure on which decentralised applications can be developed by both Plaza and anyone who have interest in doing business on blockchain protocol.

The platform is very simple to use. Merchant can his shop on the marketplace with his goods, a buyer who has account on the platform either through mobile app, desktop app or browser make purchase of any goods that he wants to buy and makes payments from his digital wallet to the seller. All these processes will be done on the blockchain and the buyer can choose to be anonymous or not.

Benefits Of Plaza Systems

Maybe, the main advantage of using Plaza marketplace is the measure against fraud that has been automatically put in place which will be a major benefit for those that uses the platform services. This will be able to provide a secure marketplace and by making used of a stable coin, it takes out the fear of volatility and makes both seller and the buyer not to be worried about any swing of the coin since the coin price will not fluctuate.

Another thing worthy of mentioning about Plaza platform is the speed of transactions of the blockchain network. It is highly scalable and able to perform 15,000 transactions per second (TPS). This is will make the platform to be more stable and friendly to use. Its popularity will depend on how many merchants and buyers are using the platform. But the truth is that Plaza has secured many partnerships and this their easy-to-use system that can even be used by blockchain novice will attract millions of people to the platform.

Plaza ICO Details

Token Name =PLAZA
PreICO Price 1 ETH = 7500 PLAZA
Price 1 PLAZA = 0.0002 ETH
Bonus = Available
Bounty = Available
MVP/Prototype = Available
Platform = Ethereum
Accepting = ETH
Minimum investment = 0.25 ETH
Hard cap = 100000 ETH
Country = Singapore
Whitelist/KYC KYC & Whitelist
Restricted Areas = USA, China

Conclusion

We have seen many Blockchain startups before that working on decentralizing e-commerce but none of them is unique like Plaza. Plaza is a complete ecosystem that will help in mass adoption of blockchain technology. The platform has some intuitive features that can't be found anywhere. The team behind the project seems to be solid with many of the team members having vast experience with similar types of prokects in the past which is a major plus when looking at investing into an ICO.