The Araw platform addresses fundamental problems in the e-commerce and cryptocurrency economies. Firstly, retailers online and offline offer restrictive reward systems bundled with their services - they are often of little value to the consumer given their limited nature. Reward systems in commerce as a whole are underutilised due to the lack of technological investment. Coincidentally, many companies find it difficult to provide attractive reward schemes as they risk undervaluing their services. The ‘Unified Reward System’ allows service providers to become an ARAW token distributor, allowing them to control the format of their reward plans.
The main goal of the ARAW token is to build the Decentralised Payment Ecosystem for E-Commerce to increase the Blockchain adoption for regular people across the world. The ARAW token ecosystem offers unified reward system which any service-providing entities can partake in. This allows virtually any company to further incentive consumption of their service as they provide real value via token distribution and expand their previously limited market of loyalty-reward consumers to the next level.
ARAW tokens and our e-commerce system will facilitate peer-to-peer payments; facilitating micro payments between customers and sellers; and is planned to be used by virtually everyone from around the world. ARAW introduces the ARAW token that customers can use for micro payments at petrol stations, coffee shops, restaurants, supermarkets and other outlets. The ARAW token is programmed to adopt the security guidelines and easy access to the ERC20. The ARAW tokens are required for all transactions on the ARAW token platform and represent the reward point for all participating customers or ARAW token holders. For every transaction that is made on the ARAW token platform, whether it concerns issuance, transfer or exchange, the initiator of the transaction pays a small fee for the use of the ARAW token smart contracts. All transactions on the e-commerce marketplace can be carried out with the ARAW token, which must be transferred via or in an ERC20-compatible wallet. ARAW tokens act as legal tender for trading on the platform. It can be used to pay for goods or to make settlements. It can just as easily be used to certify that a certain deal has been completed.
ARAW are introducing the ARAW token which our customers would use for micro payment at gas stations, coffee shops, restaurants, supermarket amongst other retail outlets. This provides them the convenience of making payments using ARAW token. Therefore, through the influence of the Araw cryptocurrency, we are establishing unlimited ecosystem in payments and loyalty. The ARAW token is programmed to adopt the security guidelines and ease of access of the ERC20. The ARAW Tokens are required for all the transactions on the ARAW token platform and represents the reward point for all participating customers or ARAW token holders. For every transaction made on ARAW token platform, be it issuance, transfer or exchange, the initiator of the transaction will pay a small fee for using the ARAW token smart contracts.
All transactions in e-commerce marketplace can be carried out with the ARAW token, which must be transferred through or held in an ERC20 compatible wallet. ARAW tokens act as the legal tender for trading on the platform. It can be used to pay for goods or to make settlements. It can as well be used to certify that a particular deal has been completed.
PROPERTIES OF ARAW ECOSYSTEM
1. Araw Pay
Araw Pay will be an open widget to accept payments in ARAW tokens and can be used by any merchants anywhere online just like any other payment gateway providers. We aim to provide seamless Araw pay solutions in Araw mobile & web wallet, open API platform, and Araw e-commerce marketplace.
On-chain vs Off-chain Transactions: The Araw platform acts as a mediator between the raiden network to handle off-chain transactions & the crypto exchanges to manage on-chain transactions. The liquidity smart contract will be responsible for handling off-chain transactions in decentralized way.
2. E-Commerce Marketplace
Araw platform aim to meet the need of every consumer, every merchant and every business no matter their location through our distributed ledger system. Our e-commerce market place gives you instant access to the global audience, removes transaction overhead (management and fees) and ensures they are secure and frictionless through our Ethereum blockchain based ERC20 tokens and smart contract implementation.
3. Araw Card – Touch & Pay
Araw—Touch & Pay card aims to enable customers to make micropayments at coffee shops, supermarkets and day-to-day online shopping. It contains radio-frequency identification (RFID) to communicate with card reader to enable contactless payments. With the release of Araw Card, we are expecting to raise adoption of the Araw platform by regular customers.
4. Open API Platform
ARAW Token Open API Platform ensures that merchants that are not ARAW platform customers will have access to and participate in different transactions on ARAW token platform. You can make payments, exchange and purchase ARAW tokens using our web wallets or use the ARAW token mobile app.
5. Banking System Integration
With seamless banking system integrated in the Araw Platform, Customers will be able to buy ARAW tokens using linked bank accounts. They will also be able to exchange ARAW tokens with fiat and send cashback to linked accounts
6. Araw Mobile Wallet
The seamless integration of Araw Mobile Wallet with Banking and cryptocurrency Exchanges will enable Araw Platform users to;
– Top-up ARAW Tokens with a click of a button
– Send and Receive ARAW tokens
– Exchange ARAW tokens with any other crypto currencies like ETH and BTC
– Exchange ARAW Token with fiat currency and get cashback
The ARAW mobile wallet continuously connected to Cryptocurrency Exchanges maintains the live exchange rate of the ARAW token and other cryptocurrencies.
7. Cryptocurrency Exchanges Integration
Araw platform integration with cryptocurrency exchanges would allow users to exchange ARAW tokens with other cryptocurrencies (like ETH and BTC). Users of the platform can also convert from one cryptocurrency to the other and from cryptocurrency to fiat currency.
The ARAW token platform enables peer-to-peer transaction to give users the chance to engage in direct exchange of goods and services. This enables free trade between two parties anywhere in the world. A seller can sell directly to a buyer across the world without the usual services of middlemen or going through different currency conversions and exchange rate fluctuations.
Token and ICO ARAW
Token: ARAW(ERC-20)
Total: 5 000 000 000
Price: 1 ARAW = 0.01$
SoftCap: 5 000 000 $
HardCap: 25 000 000 $
For More Details of ARAW ICO:
Official Website: https://arawtoken.io
Whitepaper: https://arawtoken.io/assets/araw_whitepaper_english.pdf?v1.0
Telegram: https://t.me/ArawTokenOfficial
ANN Thread: https://bitcointalk.org/index.php?topic=3497194.0
Twitter: https://twitter.com/arawtoken
LinkedIn: https://www.linkedin.com/company/arawtoken
Author: Mamitu5
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=992133
ETH address: 0xF3E6AA4feEca64549A45e8C50AcaCDE7A6a1d0cb
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