The world of trading is the old world, where it occurred many centuries ago, and now has evolved to its peak. The trading world always involves to parties or more, from the merchant and the customer, and the transaction will ever occur in the physical world, where the merchants and the customer must conduct the transaction face to face directly. That has been a norm for at least a thousand years ago. But now it has been revolutionised by the emergence of the internet, where the people now can conduct the simple trade via online, and that we called such a phenomenon by e-commerce. The development of e-commerce is barely a couple of years old, but it took the world swiftly, as more and more e-commerce with various traits and difference pops up in the world today. Now, the world of e-commerce has been very common, and now it is a common practice for the people to do an online shop, rather than the offline shop.
But the emergence of an online shop is not merely passed by unchallenged. Several serious challenges need to be coped up with the platform and the owner since it threatens the very integrity of the platform itself. Nowadays, there is a lot of online merchants that sell their wares on the internet, and that is a very convenient thing for them to do. But the issue such as the trust issue, the delivery issue, the reward for each merchant, and the cost issue is sometimes lingering within the system of the online shop. The concept of an online shop is very simple, which is to provide the online merchant to sell their wares, and thus the platform gives them the market. This means that the online shop heavily depends on the online merchant. Therefore they want to be rewarded more and protected from several systemic issues.
To put it, there are several issues which can be found in the online shop now.
- Lack of information
As we can Imagine, the online shop is the shop which presents their wares online. It means that the customer won’t be able to see the wares directly and judge them whether they are worth buying or no. The only information that they have is the simple and short description of the product and therefore it is very limited to judge the product as a whole. This is very disturbing as the majority of people have done the transaction, and feel disappointed by the products they purchased. This mistakes could be in the hand of the merchant which provides very limited information concerning the products, of gives some misleading pictures, or the customer which fails to read the description. Either way, the issue must be resolved to strengthen the integrity of the online shop. - Delivery
The second issue is the delivery system. It is known that in the popular shopping tradition, the customer will bring home the goods they purchased in the shop or department shop. But in the case of an online shop, the products will be delivered by the courier that has struck the cooperation between the online shop and such company. The problem is, sometimes the delivery courier fails to provide the goods in time, and thus creates some inconvenience. This is again could be in the hand of a courier or the company which lacks speed, or the customer who fails to gives the accurate description of their address. By enhancing the delivery system, it will be sure that the online shop will be flocked by the customer all over the world. - Lack of integration with current tech As we can see, the rise of blockchain is indeed a marvel to behold. There are hundreds of platform which are already operated and bring some benefit for the people. Each of the platforms brings some token with them or some currency which is used by the people to conduct some transaction within the system of platform. Unfortunately, the symbol is unable to be used outside the platform, which renders them useless in day to day transaction. The online shop nowadays is not compatible with the token issued by the platform. Therefore the transaction of the online shop still relies on the fiat currencies. It is truly a shame since the token cannot be used to purchase the goods from the online shop, considering that online shop is one of the blockchain products.
- Diverse reward system
As we have already known, there is some reward system which is involved in the transaction of the online shop. The transaction could come in the form of cash back or points based on the platform policy. The ideas are very tempting, but then again the reward cannot be used outside the system, which makes them uncoordinated and separated. The unification of the reward system must be done, so whichever the online shop that a customer uses, the reward will be available to all online shop that exists. These ideas need the 3rd party output since not a single policy has been laid out to attempt such an effort.
The online shop is an excellent idea to simplify the process of trading conducted by the humans, but it still needs to be improved. This is normal since the online shop has just really emerged and still ongoing their current improvement. There is one serious attempt to unify the platforms and to create a practical use for the token for day to day transaction which is brought by another platform called arawtoken.io.
For further information regarding the e-commerce overview, please refer to these web pages.
https://arawtoken.io/
https://www.facebook.com/arawtoken
Using Araw Platform To Integrate The Online Shop
The integration of all online shop to create a unified reward and system is quite necessary for the sake of customer and the online merchants. The merchants need to sell their wares so that they need a lot of customers visiting the platform. The customer needs to be encouraged to shop more In the platform. Therefore they want to be rewarded more. A single and unified reward system will do the trick since the platform will issue the cashback or any form of reward and can be used in the other platform with ease. This will tackle the issue of the uncoordinated online shop and creates an ever stronger and reliable e-commerce platform. The customer will surely flock into the online shop more, and the merchants could sell their wares easily.
The second issue is the integration of token in all blockchain platforms. As we can see, there is a many forms of a token, from bitcoin, ethereum, to unknown token which just recently comes up. Those tokens, unfortunately, faced the same problem, which is the lack of usage on the outside of such platform. They need to be able to use the token. Otherwise, the token itself will lose its importance. The araw platform promises that all kind of token could be used now in the online shop transaction so that they can gain some holding ground for the token to be used. This ultimately will solve the issue of practicability in the token as a whole, and gives a whole new market for the online merchant to come.
To see how this platform will work, let us see the process below.
- Adoption
Before the token could be used by the online merchant, the merchant needs to adopt the platform as one of the payment and coordination partners. This is simple since the machines and the tech is already available and could be used anytime. The adoption will involve the recognition of araw token and araw card which is issued by the platform. Once the adoption process is completed, the token could be used and the merchant can receive payment in the form of the token, which is further will be used to be exchanged for fiat currencies. Currently, the platform is expanding the market to all kind of online shop platform so that the user can use their token on any platform they want. - Integration with the banking system
The bank is a very important institution for the exchange since the banks are the one which provides the fiat currencies for the people. To put it simply, if a token wants to be exchanged by the fiat currencies, such as dollars, or euro, then the integration of banking system needs to be done to increase the rate of the transaction and to provide some legal standard for both the token and the user. The platform promises the integration with the bank to make the transaction convenience and to increase the speed of exchange from the token to the fiat currencies. This obviously will attract both the customer and the online merchant, since the online merchant is now receiving the money In the form of the token, and they want to exchange it for fiat currencies. - Araw wallet
The wallet is also very important since this feature is critical for the platform. As the name implies, the wallet will be used to store the araw token and the other crypto token that can be used in the online transaction. The wallet could also store up to 30 types of token, so whichever token that you have now, you can integrate it with the araw token and can be used to buy the goods you want online. The token is also can be exchanged with the fiat currencies using the platform alone so that if the customer wishes to sell or exchange to any fiat currencies or cryptocurrencies, they are allowed and able to do so. - Day to day transaction
Not only to purchase the goods you want at the online shop, but you can also use the card to conduct some micropayments such as purchasing the coffee at the coffee shop, buying stuff at the market, or whatever it might suits you. To do this, the platform needs to embrace the cooperation with the corresponding vendor and to do so; the vendor needs to adopt the platform. As we have stated before, the adoption is quite simple, and therefore it will be done in a flash, and the vendor can expand the market to gain more customer.
To know more concerning the usage of the platform, access the websites below.
https://arawtoken.io/assets/araw_whitepaper.pdf?v1.7
https://t.me/arawtokenofficials
The ICO Currently
The ico or the token sales is a necessary step for the platform to sell their token. It is also the only way for a person to gain the token. The usage of the token is to pay the monthly fee, as the card, which is integrated with the banking system will require such a fee to do some maintenance and so forth. You can also get the special offer which only could be obtained with the token. Therefore, it is imperative for those who wish to join the platform need to purchase the tokens.
For the token, the platform issued a whopping 5 billion token, where 3.5 billion of them (70%) is for sale. The soft cap is already exceeded which is about 2 million dollars, as the hard cap is still a long way, which is 25 million USD. The pre-sale is now live and will end for about 18 days, as the crowd sale will start on 10th September. The only accepted token for the transaction is ETH, and the price for the token is about 0.01$ per token. It is quite a high price compared with the rest of the token. The token which is left unsold at the end of the sale will be destroyed via smart contracts. As the pre-sale now is live, we recommend you to join this sale since this sale yields most bonus for the customer.
As for the token allocation, as usual, the token will be given to several posts such as the developer team, the marketing team, the strategic partnership and the bounty program. The rest of the token will be reserved for the company in case of an emergency.
For the usage of token information, you can refer to these web pages here.
https://arawtoken.io/
https://twitter.com/arawtoken
https://bitcointalk.org/index.php?topic=3497194.0