Buy-and-Sell Merchandise and Services P2P with Crypto
TABLE OF CONTENTS
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ALLFORCRYPTO – A NEW FORM OF P2P MERCHANDISE AND SERVICES EXCHANGE
Allforcrypto will provide a blockchain-based platform for the sale of goods and services with its own utility token for funding operations.
WHY BUYING AND SELLING ONLINE DOESN’T WORK
Any discussion of P2P online buying and selling starts with eBay. Founded in 1995, at the very birth period of ecommerce, eBay has experienced most of the wins and losses in used products, C2C listings and auctions selling.
Without getting into specifics, eBay has never been the “perfect store” that its advocates claimed it to be, despite its $11 billion in annual sales. eBay has always suffered from:
- Growth – bringing in new buyers and sellers;
- Payments – years of ups and downs with PayPal, finally replaced by Adyen in 2018’
- Purchase and payment security – Endless tales of getting ripped off on eBay, or issues with PayPal payments.
These same issues have dogged all P2P online ecommerce from the beginning – until Allforcrypto resolved them!
It took eBay many years to build up the 150 million or so buyers and sellers it has registered on the site. Getting more is proving problematic, and not just because competition from Amazon is stiff.
There isn’t enough convenience in buying and selling on eBay. It’s expensive: Fees are high while margins are squeezed.
Then there is the payments issue, which is still unresolved, although the new payments provider Adyen may make a difference. Each seller on eBay determines his/her own payments policies – some take Visa, some don’t. Some take no credit cards, some take all, but no PayPal. Some take only PayPal. Want to buy something on eBay? Maybe you can, but maybe you can’t because you don’t have the right credit card.
As for payment security, it’s a hopeless problem. PayPal guarantees are a nightmare for the seller, as PayPal simply does an “arbitration” that invariably gives the buyer the money back. But the buyer can’t be sure of getting the purchase as desired until it arrives, after which returns are problematic. This writer bought a PC on eBay, and one month later it stopped working. Turned out all the components were the cheapest available, and not the good quality ones that had been promised. PayPal, asked to take action, simply refused to support the buyer protection it advertises. You can find thousands of unhappy buyers ripped off on eBay, and this is another good reason why growth has slowed
But the market for this kind of P2P selling is growing: The UK-based Preloved site, for example, is seeing double-digit growth every year. Preloved is very low-tech, but demand for cheaper goods and services is high, and there is a new trend called ‘upcycling’ in which used goods are reworked in a new way to give them more value, that is also driving sales.
It’s clear that there is untapped demand in the P2P market for goods and services. A platform that makes the P2P experience seamless – Allforcrypto – is certain to take up a great deal of this demand.
ADDING CRYPTO TO THE MIX
As Rachel Jacobs, head of content and partnerships at Pixc, points out, online purchasing is growing at a super-rapid pace, and cryptocurrencies are more popular than ever with online retailers. Amazon, Microsoft, Etsy, Shopify, and Stripe all support Bitcoin.
Jacobs thinks they will be a game changer in 2018, which she puts down to benefits such as advanced transactional security and virtually zero risk of payment frauds.
However, the ecommerce industry has been treading more carefully when it comes to Blockchain, the peer-to-peer encryption technology underlying cryptocurrencies.
Rachel believes that Blockchain, which manages transactions and currencies without the interference of central authorities such as banks, has the potential to revolutionize the entire ecommerce industry and will be used for tasks such as order fulfilment, security, and instant order tracking in the future.
Transactions on the blockchain are:
- Decentralized and automated with smart contracts, and so secure from human intervention, as well as cheaper to run than centralized systems – microtransactions are tracked easily in large volumes.
- Secure from hacking through the distribution of nodes over many computers, and the use of Proof-of-Work
- Securely recorded in the blockchain ledger.
Adding crypto to the mix solves a vast range of issues that eBay is still struggling with.
ALLFORCRYPTO STRATEGIC APPROACH
USE OF PKI AND BLOCKCHAIN
Allforcrypto brings a blockchain-based solution to the issues that arise in P2P buying and selling goods and services online.
Allforcrypto аllоwѕ users tо buу аnd ѕеll items for bitcoin and аltсоinѕ, perfect mоnеу, аnd wеbmоnеу. Our vеrу оwn escrow service аnd the indереndеnt coinpayments escrow, whiсh uѕеrѕ саn uѕе аlѕо if thеу wish, assures the security of payments and merchandise or service quality.
As Allfоrсrурtо iѕ a mainly a сrурtосurrеnсу mаrkеtрlасе, it makes use of the available protections that these systems of payment afford. Payments in bitcoin, litecoin or any other altcoin are safe from fraud thanks to the blockchain ledger. Wе do not accept аnу оthеr forms of payments ѕuсh аѕ bаnk transfers and credit саrdѕ due tо thе сhаnсе оf frаud bу thе рurсhаѕеr. In this wау, the seller is juѕt as рrоtесtеd аѕ thе buуеr which iѕ nоt thе case оn ѕuсh sites аѕ еBау.
The payment is placed into escrow, and the merchandise is shipped out (or the service is provided). Funds stay in the escrow for up to 30 days. If the good or service is not what was ordered, it is returned and a refund is made from escrow (or the service is provided anew according to the terms agreed to).
Sеllеrѕ аrе allowed tо reply tо rеfund requests within 96 hours. If the seller’s reply shows that no refund is due, the escrow is paid out. Sellers cannot аѕk buyers tо рау оutѕidе of Allforcrypto, as they have no access to the seller’s identity.
ADVANTAGES OF ALLFORCRYPTO APPROACH – REVENUE MODEL
The advantage of the Allforcrypto approach over a platform like eBay should be clear. Allforcrypto makes it easy for buyers to find the merchandise they seek, make payments securely and without danger of fraud, and protects purchases in a much more effective way.
The result will be that, once Allforcrypto is up and running, it will take market share from all the existing P2P platforms. As the market is has a value between $11 billion and $20 billion including all major players, there is considerable revenue that Allforcrypto can tap into.
The Allforcrypto revenue model is commission based. The platform will take a 5% commission on each transaction, although discounts and bonuses will be made available for incentivization, using the token.
All major forms of crypto will be accepted plus the allforcrypto token . Buyers and sellers can hold the tokens, trade them on exchanges, or use them on the platform.
Token sales will be driven by the possibility of using them in purchases. Token value on the platform will not change, so sellers may be assured of value for their merchandise.
TOKEN SALE SUMMARY
|Coin Supply||100 million|
|Cost||4 cent a coin|
|ICO Period||30 days|
|Coin sold during PRE ICO||3-5 million|
|PRE ICO Soft Cap||120000|
|PRE ICO Hard Cap||200000|
|ICO Soft Cap||20 million|
|ICO Hard Cap||50 million|
PRE ICO investors=5 million
ICO investors=65 million
For future exchanges =8 million
Where pre ICO Funds will go
Legalization and licensing =10%
Website development =10%
Coinpayments to host future ICO and escrow=5%
Hiring of experts and staff=40%
Marketing promotion =30%
USE OF PROCEEDS
The fundѕ rесеivеd in Allforcrypto Token ICO will bе аllосаtеd аѕ fоllоwѕ:
- 70% Prоduсt Development: development оf thе Allforcrypto Token рlаtfоrm, maintenance аnd futurе upgrade.
- 10% Buѕinеѕѕ Dеvеlорmеnt аnd ѕtrаtеgiс раrtnеrѕhiрѕ.
- 10% Communication and Marketing: Invest in PR аnd marketing campaigns to increase рrоjесt’ѕ awareness аnd tоkеn’ѕ аdорtiоn аmоng potential investors.
- 10% Rеѕеrvе fundѕ: Prоvidеѕ liԛuiditу fоr futurе mоnеtаrу роliсiеѕ and рlаtfоrm funсtiоnаlitiеѕ.
The purpose of this White Paper is to present the ALLFORCRYPTO token to
potential token holders in connection with the proposed ICO. The information
set forth below may not be exhaustive and does not imply any elements of a
contractual relationship. Its sole purpose is to provide relevant and reasonable
information to potential token holders in order for them to determine whether
to undertake a thorough analysis of the company with the intent of acquiring
Nothing in this White Paper shall be deemed to constitute a solicitation for investment, nor does it in any way pertain to an offering
or a solicitation of an offer to buy any securities in any jurisdiction. This
document is not composed in accordance with, and is not subject to, laws or
regulations of any jurisdiction, which are designed to protect investors.
The product token is not a digital currency, security, commodity, or any other
kind of financial instrument and has not been registered under the Securities
Act, the securities laws of any state of the United States or the securities laws of
any other country, including the securities laws of any jurisdiction in which a potential token holder is a resident.
The ALLFORCRYPTO token cannot be used for any purposes other than as provided in this White Paper, including but not limited to, any investment, speculative or other financial purposes. The ALLFORCRYPTO token confers no other rights in any form, including but not limited to any ownership, distribution (including, but not limited to, profit), redemption, liquidation, property (including all forms of intellectual property), or other financial or legal rights, other than those specifically set forth below. Certain statements, estimates and financial information contained herein
constitute forward-looking statements or information. Such forward-looking
statements or information involve known and unknown risks and uncertainties, which may cause actual events or results to differ materially from the estimates
or the results implied or expressed in such forward-looking statements.
This English language White Paper is the primary official source of information
about the ALLFORCRYPTO token. The information contained herein may from time to time be translated into other languages or used in the course of written or verbal communications with existing and prospective customers, partners etc. In the
course of such translation or communication some of the information contained
herein may be lost, corrupted, or misrepresented. The accuracy of such
alternative communications cannot be guaranteed. In the event of any conflicts
or inconsistencies between such translations and communications and this
official English language White Paper, the provisions of this English language
original document shall prevail.