Idea & Token
Araw is creating a global e-commerce ecosystem to become a part of our day-to-day online and in-store shopping. The target feature set is impressive – end-to-end solutions for E-Commerce Marketplace, Touch & Pay Cryptocurrency Card, Online Cryptocurrency Payment, and Unified Reward System powered by the Ethereum Blockchain. In Araw they understand the importance of usability and trying to make the user experience as easy and intuitive as possible. For instance, a special widget will be used to accept payments in ARAW tokens with a click of a button. Araw will provide solutions in Araw mobile & web wallet, open API platform, and Araw e-commerce marketplace. The project has established several strategic partnerships, including Credits and Havven. And Credits has fantastic 1 million TPS which fits Araw’s plans to provide fast and seamless payments perfectly. Araw will work for both customers and enterprises. For now, the company has its mobile app available on the UK Apple App Store and Google Play, and an integration with PayPal and Stripe.
Their ERC-20 token called ARAW will be used as the main payment method on the platform across the e-commerce and payments industry. Retailers will also use ARAW for their reward programs for customers. The advantage here is that tokens don’t have an expiration date unlike usual reward points. A total supply is 5 billion tokens. The token distribution is as follows: 70% – sale, 15% – reserve pool, 9% – team, 3% – advisors, 3% – bounty.
The team is excellent. Twelve people including 6 software developers, a designer, a QA analyst, and a legal advisor. Three leaders are all from commerce industry bringing years and years of experience from such companies as Barclays, J.P.Morgan, BNP Paribas, Capital One, Thomson Reuters, Compaq, and Shazam. CEO Krutesh Shah, an experienced business analyst who worked with BNP Paribas and Barclays (developing and aligning business models, managing people and projects, and developing new products). The project is supported by 7 advisors, experts at e-commerce and blockchain.
Araw has started its operation two years ago and created a serious business basement before the ICO. Such preparation is very credible and deserves respect. The feature set includes wide range of commerce tools for consumers and businesses, from a wallet and online payments to e-commerce marketplace and banking system integration. The e-commerce sphere is developing rapidly and is projected to reach $4.5 trillion in sales in the next three years, though currently the projects dealing with cryptocurrency payments have tough times. One more thing to pay attention to is existing competitors.
A professional project making its business and not just trying to conduct a successful ICO.
ARAW Token ICO datesexport to calend
Today’s e-commerce industry is growing at a rapid pace and global retail e-commerce sales are expected to reach $4.5 trillion by 2021. For most commercial businesses, cryptocurrency is becoming a preferred mode of transaction highlighted by its current cap of hundreds of billions and expected to rise to trillions. According to research, most of the finance and banking industry is expected to move to the blockchain and hence adoption rate of blockchain across all industries will increase in the coming years. By Introducing the ARAW Token, the heart of the decentralised payment ecosystem powered by the Ethereum Blockchain, we are aiming to increase blockchain adoption for regular people across the world. We are the first company in the world whose mission is to combine the benefits of the E-Commerce and Payment industries; provide end-to-end solutions for E-Commerce Marketplace, Touch & Pay Cryptocurrency Card, Online Cryptocurrency Payment, and Unified Reward System on the Ethereum Blockchain powered by the ARAW token. The goal of the ARAW token is to be a part of everyone’s day-to-day online & in-store shopping without needing them to change their shopping behavior or understand the underlying complexity of the Blockchain technology.