BLOCKNOMICS - Re Imagining Bitcoin and E-Commerce

Blockchain technology has brought about decentralization and a trustless mode of payment, Blockchain technology mass adoption is dependent on its ease of use and understanding by the common man. Despite the integration of blockchain technology in various areas of our businesses, there is still need for simplicity in its use. Bitcoin is used now majorly by various persons and received by merchants today as a means of payment for goods and services, but there have been some limitations as regards its mass adoption.

Most merchants are reluctant to accept it as a means of payment due to their low knowledge of access and making payments with it or keeping track of its price in real time. the volatile nature of the cryptocurrency market has scared most merchants away as they wouldn’t know what will become of the price which a customer has paid in the next minute whether it goes up or it goes down. They are always afraid of loss when the market dips. This has also contributed to their reluctance in accepting it as a means of payment.

In the present society, everything is being paid for on the internet. This is because most persons don’t have the time or energy to go to the shopping malls to pick what they want, they rather stay in their houses or offices and make orders of what they want and it delivered to them after they might have processed their payments.

The blockchain technology is decentralizing the world and shaking it up most especially when it comes to the payment options. The blockchain technology so far has eliminated most problems encountered while using traditional means of payment like banks and over the counter procedure. Most times, the bank transfer doesn’t go through or the cost is almost the same as the cost of the products one is purchasing. But with the Blockchain technology, transactions have been faster and direct in a trustless form. There are no middlemen during clearance of goods or payment everything is direct from consumer to merchant experience.

With customers demand and interest in shopping shifting from regular going to the mall shopping to E-commerce, there is need to integrate the blockchain technology payment options to enable the merchants and also the consumers have a sound experience when transaction. There is also a need to make this decentralized payment options much easier for use by the merchants because if they understand its workings fully, they will be willing to accept and adopt it. This is where Blockonomics comes in.

Blockonomics is changing the notions which have been held by many merchants about the difficulties involved with bitcoin payment options, Blocknomics is bringing to these merchants an easy and accessible means through which they can integrate the bitcoin payment option in their business in order not to be left behind in the evolving world of blockchain technology.

How is Blocknomics going to do that?

Blockonomics is an industry which has been providing the services of payment processing for merchants who accept Bitcoin as a method of payment.
Elimination of middlemen:
Blocknomics, will be eliminating middlemen during payment process as it is providing a direct payment option which goes from a consumer’s wallet to the merchant’s wallet. This will ensure transactions are made safely without any story of delays or frauds during this course, also payments made cannot be faulted as transactions on the blockchain is immutable. This will go a long way enhancing the merchants business as a customer once after making payment for said goods or services cannot go back and ask for money back. Also, through the use of cryptocurrency as payment options, transactions will be faster and without regulations or barriers. This will as well as encourage and at the same time enhance trades from around the globe. The transactions as well will be anonymous. Transaction charges using cryptocurrency is low when compared to the charges from banks or debit and credit cards providers.

Blocknomics has been in business and since 2015 has enabled many merchants to accept payment options using Bitcoin, Ethereum, Litecoin and some other major cryptocurrency. Blocknomics is providing a solution for the merchants to be able to accept and process their payments using cryptocurrencies seamlessly and effectively.

Blocknomics is providing merchants with wallets which will enable them to receive payments using cryptocurrency and also the opportunity to monitor their wallet and transactions through email notification.

Blocknomics through its wallet provision to merchants and consumers is giving everyone the opportunity to transact as much as they want on a daily basis as there is no limitation to how much an individual can spend on a daily basis using cryptocurrency unlike the regulation predominant in the traditional payment facilities.

ICO DETAILS AND TOKEN METRICS

Blocknomics is holding an ICO in order to raise money and continue its development of the project. Blocknomics, will be issuing their platform token which will be known with the ticker BCK. BCK is a utility token and as such, will be used as a tool to access the Blocknomics platform and as an access to all the features of Blocknomics. BCK tokens, has many benefits to users: when a customer uses BCK to make payments on the supported Blocknomics stores, there are no transaction charges levied on such customer. Also, customers will be able to receive discounts during their purchase when they use BCK alongside Bitcoin as a payment option, also there are bonuses and rewards for customers when they use BCK tokens. The total token supply is capped at 1,000,000,000 BCK. 60% will be sold during the token sale event, 20% is for founders while 15% is kept for strategic growth and investment fund. 5% goes to advisors and supporters. Hardcap is set to $10m with token price pegged at $0.02 USD. The token sale will take place during various phases:
Private sale: 1 – 31 July
Main sale: 1- 15 August

Conclusion

Blocknomics, is a Bitcoin and cryptocurrency payment solution and as such is both enhancing the mass adoption of bitcoin as a means of payment and helping merchants and customers see more beneficial reasons why they should use bitcoin payment while shopping. it is providing a platform for easy and seamless transactions not only using bitcoin but also other cryptocurrencies.