It’s no great secret that we are still in the infancy stage of Blockchain and crypto currencies.
Like the dot com era, this produced the mainstream businesses/corporations that we all use today.
So are we ready for the new era? Teams of businesses are recognising the potential in these future methods and embracing the possibilities that they could introduce to the new emerging markets.
We’ve been lucky enough speak to the Developer and Co-founder of one of the most promising e-commerce market places since Amazon and eBay.
This gentleman’s name is Martin Shoilev and he explains how his Blockchain related e-commerce sales site is going to revolutionise how we buy our items and also how the customers will benefit from it.
Currently eMarketChain is going through its ICO sales phase, where it is gathering pace well and getting ready for the sites release in Q3 2019.
“eMarketChain is a decentralized marketplace, where customers and businesses can buy and sell, without paying any commissions to middlemen.
Thanks to the breakthrough in blockchain technology we aim to change a $2,29 Trillion industry, dominated by big names like Amazon, eBay, Aliexpress and Walmart.
The fast growth of the e-commerce industry allows the middlemen take up to 15% commission on every closed deal. We want to change this by bringing value back to the end customer.”
Martin goes on to explain how the current system is taking un-fair commission from sales, this is where eMarketChain will assist the customer:
“Let me give you an example: Amazon has 14% commission. 1 – 3% are spent on bank taxes (depending on the bank you are using). The other 11 – 13% goes into the pocket of the online stores like Amazon.
eMarketChain will remove these unfair taxes.”
So we can see that this is quite a sizeable amount that the customer could potentially save, but can eMarketChain make a profit from sales without these added taxes?
Martin goes on to explain:
Our income will be derived mostly from our two types of business models:
Freemium — We give the opportunity for merchants to get more out of our platform. With additional payments, they will be able to increase the visibility of the product(s) they have listed. This will be done by bumping their listings higher in the search results of customers. Having this increase in visibility will help merchants to gain more exposure, and thus, substantially increase the amount of sales they make;
Subscription-based — upon subscribing they shall receive the following benefits:
Promotion of their goods with better quality pictures, compressed automatically by the eMarketChain platform, along with a broader suggestion engine for the items or services they offer.
Weekly suggestions on how to improve their advertisements, provided by our dedicated marketing specialists;
Similar to the freemium approach, the possibility to list their offers higher in the results shown to customers;
The subscription fee per month is fixed and will be between $19 — $49 depending on the chosen package.
The models are completely optional and users will not lose any main functionality and options provided by eMarketChain.co, when using the system for free.
Another advantage over big names in the e-commerce world, apart from skipping bank taxes, is changing the business model that aims to reduce the commission to 0%. We will also try to do a better technical implementation by putting more effort in making it faster, more user-friendly while combining everything in a modern design.
One of our technical decisions is the platform to be Offline First.
So what is Offline First? Martin goes on to explain:
Offline first is an approach to software development in which developers build an application’s core features to function with or without an Internet connection. With an offline first approach, data is written locally on the end user’s device and periodically uploaded and replicated in the cloud.
Imagine that you are trying to buy a product or just to check the price of it, while you are on the subway or in the mountains, or inside a building, or you are on a long trip or training in the gym (places, where the possibility to have a good Internet connection, is limited). Normally the effect is always the same: an error message, or even worse, an infinitely spinning progress indicator that never gets us anywhere. With offline first implementation, customers will be able to use the platform and to buy goods, even when you don’t have an Internet connection. The data will be stored locally on your device and will periodically try to upload and replicate the data in the cloud.
Speaking with Martin he explains how the companies own creation of the EMAC token, will aid customers with a more fluent transaction and provide people with an investment opportunity.
Our EMAC tokens are limited to 454 Million cap. That means that at any moment there could be EMAC tokens in end-customers, merchants, exchanges or other roles that are business connected with EMAC, but also a great amount will be locked in smart contracts for a certain period, before being sent to the reseller/business. The duration depends on the account and rating of the reseller/business.
Higher adoption of eMarketChain.co means more purchases every day and more EMAC tokens locked in smart contracts.
Having in mind that all EMACs will be generated once during our pre-sale and main-sale period. That can only mean that supply will be getting less, compared to demand because of the locked tokens. My opinion is that such difference in supply and demand can only raise the price of EMAC.
Martin then goes on to explain the important numbers, that are currently circulating eCommenrce sites and the potential with eMarketChain:
“Amazon has $1,9 Million income in Q4 2018. That means $475,000 per month.
The average value of orders for the same period is $82:
Based on this numbers $475,000 / 82$ = 5792 orders per day.”
If we manage to run the entire platform online, to start attracting merchants and users and offer them 15% discount on all goods placed on the platform. Then the EMAC token value will depend on how much tokens we have locked in the smart-contracts.The EMAC value will be higher because demand will grow higher than supply and people will need new EMAC to make a new purchase.
So if we are as successful as Amazon, we will have 5792 orders per day and every day $475,000 will be locked securely in smart-contracts.
To make this real, we would need first to prove that our project is worthy, to win people’s trust during the token sale and then finish our e-commerce platform.
Speaking with Martin we realised how passionate his is to revolutionise how we buy our products.
The large companies have had it far too easy for a long time now and he wants to shake up the world of eCommerce.
As cryptocurrency enthusiasts I think this is something that we should embrace and applaud, as we know that others are not so keen to use cryptocurrencies as a method of payment.
For anybody that would like to find out more about this opportunity, then please watch the video below or visit the website via this LINK
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