ARAW: DECENTRALIZED PAYMENT FOR E-COMMERCE ECOSYSTEM

ARAW: DECENTRALIZED PAYMENT FOR E-COMMERCE ECOSYSTEM | Ecency

INTRODUCTION

The adoption of blockchain technology and internet has brought fantastic development to different industries. The e-commerce industry is also growing with an estimated growth of 4.48 trillion U.S. dollars in the year 2021. This massive development of the e-commerce industry comes with few challenges which include hidden charges from merchants and card detail thefts are issues affecting the e-commerce industry. This calls for a method of payment that deals with all the concern faced in the e-commerce industry. Araw is a blockchain based platform that is aimed at solving all the issues faced in the e-commerce industry with fantastic marketing and reward system that increase the customer footprint.

ARAW PLATFORM

ARAW is a platform based on blockchain technology that seeks to deal with all the pending issues faced in the e-commerce industry. The platform will be providing a fantastic payment solution that will be used for e-commerce payment, a reward system and digital currency touch and pay card. The ARAW token will be used for the reward system in the platform, and the holders of the Araw tokens can convert it to fiat through the platform mobile wallet. This token can also be used in both offline and online payment outlets. The reward system used by the platform will be a form of marketing strategy that will attract prospective customers and provide a transparent e-commerce payment solution. We can conclude that ARAW platform offers reward and payment solution to the e-commerce platform around the world using blockchain technology.

PROBLEMS ENCOUNTERED BY E-COMMERCE INDUSTRY

• The modern e-commerce don’t offer a reward system, and the payment solution is below par

• Lack of transparency of operation

• The extra charges added to all transactions by merchants

• Issues surrounding the adoption of cryptocurrencies as a payment method in e-commerce platforms

FEATURES OF ARAW ECOSYSTEM

The ARAW ecosystems want to create a safe and transparent platform. The Araw ecosystem allows the customers and merchants to interact more efficiently. The ARAW ecosystem includes the features listed below:

ARAW Pay: Payment is done with Araw token on the platform. This will allow merchants to receive payment from every party of the world. ARAW mobile wallet fast tracks the whole transaction process.

ARAW Card (Touch & Pay): This allows the users of the platform to make different offline and online payments.

Open API Platform: The platform operates with Open API platform that allows the platform to be user-friendly and won’t need the users to have any programming knowledge. The bank and cryptocurrency exchange features integrated into the platform allow a stress-free exchange of Araw token with fiat or other cryptocurrencies.

Araw Mobile Wallet: The platform integrates bank and crypto exchange that allows the wallets to be used in the following ways:

• Ability to top up the Araw token on the platform

• The active exchange of Araw token from fiat or other cryptocurrencies (ETH, BTC or DASH).

• The wallet allows the platform token to be sent and received easily

· The reward system introduced by the blockchain based platform called Araw will turn prospective customers into loyal ones. This makes Araw one of the best platforms in the e-commerce industry.

TOKEN DETAILS

Ticker: ARAW

Token type: ERC20

ICO token price: 1 ARAW = $0.01

Total Tokens: 5,000,000,000

Available for token sale: 3,500,000,000 (70%)

Soft cap: 2,000,000 USD

Hard cap: 25,000,000 USD

Currencies Accepted: ETH

TOKEN ALLOCATION AND FUND DISTRIBUTION

ROADMAP

TEAM

ADVISORS

CONCLUSION

The Araw platform is using the blockchain technology to solve all the problems faced in the e-commerce industry. The platform also allows the use of cryptocurrencies for daily shopping that will lead to its mainstream adoption, thereby reducing all the problems faced in the e-commerce and cryptocurrency market.

Below are useful links about this project:

Website: https://arawtoken.io/

White page: https://arawtoken.io/assets/araw_whitepaper.pdf

ANN: https://bitcointalk.org/index.php?topic=3497194

Telegram: https://t.me/ArawTokenOfficial

Facebook: https://www.facebook.com/arawtoken

Twitter: https://twitter.com/arawtoken

AUTHOR'S DETAILS

Bitcointalk Username: Bountyfit

Telegram: @odunayoipaye