The technology that is the basis of blockchain is not new technology, but the combination of old technology that is applied in new ways. Blockchain is a special combination of three technologies namely internet, private key cyptography, and protocols that regulate incentives. The result of combining these technologies is a system that is used for digital interactions that do not require a trusted third party. This combination is often used in cryptocurrency.
Online business has grown rapidly throughout the world in recent years. Various marketplaces are already available for sellers and buyers to transact. For most commercial businesses, cryptocurrency is the preferred transaction mode highlighted by the current stamp of hundreds of billions and is expected to rise to trillions. According to research, most of the financial and banking industries are expected to move to blockchain and hence the rate of blockchain adoption in all industries will increase in the coming years. Introducing the ARAW Token, the heart of a decentralized payment ecosystem supported by the Ethereum Blockchain, we aim to increase blockchain adoption. for ordinary people all over the world.
Araw is the first company in the world whose mission is to combine the benefits of the E-Commerce and Payment industry; provides end-to-end solutions for E-Commerce Marketplace, Touch & Pay Cryptocurrency Card, Online Cryptocurrency Payments, and Integrated Gift Systems on the Ethereum Blockchain supported by ARAW tokens.
What Is ARAW?
ARAW is a new blockchain company that will release a new token soon. Its main goal is to provide an end-to-end solution for e-commerce companies and a “touch and pay” crypto card, as well as online payments with cryptocurrencies powered by the blockchain technology.
The company intends to create a transparent unified system that will be adopted by a lot of people. They want to create a connected ecosystem with ARAW Pay and ARAW Touch and Pay Card. Other plans include creating a plug and play widget, cashback options so the clients are protected (which is something that is not very common on the blockchain).
Basically, ARAW will be an end-to-end solution because it will give everything that you really need to buy products online will full safety or to offer these products and self manage your own business. ARAW will be a transparent ecosystem that will unite customers and stores.
The objective of the company is to launch the platform until 2019 and continue the operations during the following year, focusing on the American and Asian market while initially it will be focused in the European one.
How Will ARAW Blockchain E-commerce Work?
The ARAW platform will integrate e-commerce business and a decentralized payment method that will be created on top of the Ethereum blockchain. This will enable merchants and consumers to exchange tokens among them via smart contracts that will, unlike most smart contracts, allow cashbacks.
The ecosystem will be created by many different products, some of which will be explained later on this article. They are Aray Pay online payments, the e-commerce marketplace, the Araw Card Touch & Pay, the open API platform, the banking system, Araw Mobile Wallet, the crypto exchange and the Ethereum blockchain.
The ARAW Token Ecosystem
- ARAW Pay
The main way to access the ARAW ecosystem will be via the ARAW Pay option, which will be a widget that will allow the site to accept payments consisting of ARAW tokens. By installing this app, you will be apple to connect with the API of the company and receive the ARAW tokens directly into your wallet.
Because of this, ARAW Pay will be the most important piece of the e-commerce marketplace that the company intends to create and support.
The goal of the ARAW token is to be a part of everyone’s day-to-day shopping without them changing their shopping pattern.
- ARAW Card – Touch & Pay
With the ARAW Card, you will be able to use the ARAW tokens to make purchases even outside of the internet, making micropayments at places like malls, supermarkets and coffee shops. The cards will be linked to your ARAW Mobile Wallet, an app that you can download on your phone. All that you have to do is to charge your wallet with tokens and you will be able to use them freely.
- Banking System Integration
Top-up or cashback ARAW tokens to the linked bank accounts.
- Araw Mobile Wallet
The seamless integration of Araw Mobile Wallet with Banking and cryptocurrency Exchanges
- Cryptocurrency Exchanges Integration
Exchange ARAW tokens with other cryptocurrencies (like ETH and BTC)
- Ethereum Blockchain – Proof of Delivery & Service
The Araw e-commerce marketplace leverages Ethereum smart contracts for exchanging goods with ARAW tokens.
Open API Platform
Plug & Play Enterprise Blockchain based E-Commerce Platform with a click of button
Direct exchange of goods and services between interested parties.
Unified Reward System
The ARAW token aims to transform the poorly utilised multi-branded loyalty industry
Token Sale Information
Token Symbol: ARAW
Price 1 DAX = 1 ARAW = 0.01 USD
Soft cap: 2,000,000 USD
Hard cap: 25,000,000 USD
Whitelist/KYC: KYC & Whitelist
Restricted areas: USA
According to research, most of the finance and banking industry is expected to move to the blockchain and hence adoption rate of blockchain across all industries will increase in the coming years. By Introducing the ARAW Token, the heart of the decentralised payment ecosystem powered by the Ethereum Blockchain, we are aiming to increase blockchain adoption for regular people across the world. We are the first company in the world whose mission is to combine the benefits of the E-Commerce and Payment industries; provide end-to-end solutions for E-Commerce Marketplace, Touch & Pay Cryptocurrency Card, Online Cryptocurrency Payment, and Unified Reward System on the Ethereum Blockchain powered by the ARAW token. The goal of the ARAW token is to be a part of everyone’s day-to-day online & in-store shopping without needing them to change their shopping behavior or understand the underlying complexity of the Blockchain technology.
They have massive community in Telegram and Twitter. MVP is available. There are few similar concepts but ARAW vision is a bit different – you can think of them as Amazon providing Unified Rewards + Amazon Crypto Payment Card. Backed up by Bleep who has started. Payment solution for EPOS systems more than 40 years now – their merchants include all big sports events like Olympics, FIFA, Formula1 etc. Recently partnered with Credits.
Many strategic partnerships in place, which makes this project more likely to succeed, not only in its fundraising campaign but also in its execution.
- Team: Very strong team with experience in investment banking and tech, thus can be assured that they will achieve whatever goals they set.
- Vision: With the presented set of products and solutions, I believe the project could go beyond e-commerce and expand to other industries.
- Product: MVP is available which is already good for projects.
- Market : Community around the project is strong but digital marketing and onboardimg partnerships maybe difficult in this space with many other projects arleady working on similar solutions. Competition is high
Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk.
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