ARAW Payment for E-Commerce Ecosystem
What is ARAW project?
ARAW is an ecosystem with decentralized payment, based on Ethereum Blockchain, which seeks to increase the implementation of blockchain in everyday life around the world. ARAW IS the first company in the world to combine the benefits of e-Commerce and payments industries; to provide end-product solutions for e-Commerce, Cryptocurrency Touch & Pay cards, online cryptocurrency payment and unified reward system on Ethereum Blockchain based on the ARAW token. The purpose of the ARAW token is to be a part of everyday online shopping.
The Araw Ecosystem was carefully designed from the beginning as a supportive sphere in which users can be confident in their trades on the Blockchain. To capture a variety of users, we have provided an ecosystem platform that is scalable and effective, yet simple over the Ethereum Blockchain, where customers and brands can interact without restrictions in a dependable, trustless, and mutually beneficial manner.
Also ARAW token will allow regular customers to participate in the rapidly expanding world of cryptocurrency — bringing benefits to all parties involved. The key factors are the ease of acceptance for the client as reward schemes are already common.
The ARAW token is a utility based token specifically designed for the global E-commerce marketplace. ARAW token works as unified rewards as well as a mode of payments for both online and retail outlets.
How Will ARAW Blockchain E-commerce Work?
The ARAW platform will integrate e-commerce business and a decentralized payment method that will be created on top of the Ethereum blockchain. This will enable merchants and consumers to exchange tokens among them via smart contracts that will, unlike most smart contracts, allow cash back.
The ecosystem will be created by many different products, some of which will be explained later in this article. They are Array Pay online payments, the e-commerce marketplace, the Araw Card Touch & Pay, the open API platform, the banking system, Araw Mobile Wallet, the crypto exchange and the Ethereum blockchain.
The Existing Araw Platform
The existing Araw platform, Araw UK Ltd. was founded in 2016. This platform has been implemented using virtual tokens without blockchain support. We provide our client businesses with services such as.
- Customer analytics: keep track of loyal customers, their points and redemptions in real time.
- Customer insight dashboard: connect in real time to the customer information and turn those insights into more sales and customer loyalty.
- Business branded loyalty card
- Increase revenues with new and loyal customers: Engage and reward your customers.
- Know your customers better and bring them back to your business: Distinguish between dormant and loyal customers, and send right offer to the right customers.
- In-store marketing: we provide in-store marketing material to promote digital loyalty program among customers.
Building on our expertise in rewards and loyalty programmes, we are going a step further to launch a unifying reward ecosystem that employs the blockchain technology as a backbone and a fully unified medium of exchange.
THE ARAW TOKEN: HEART OF THE DECENTRALISED PAYMENT ECOSYSTEM
One of the main goals of the Araw Platform is to provide unified reward system and marketing solution for e-commerce businesses, which aims to increase the footprint of customers, building meaningful relationships with them, and hence increase the growth of the business. We present the ARAW Token as the solution to unlock the full potential of reward programmes and thus increase value for all participants in this loyalty system.
The ARAW Token Ecosystem
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.
E-commerce Marketplace
Given our distributed ledger system, items for sale are gathered from different parts of the globe on the marketplace. Buyers and sellers from different parts of the world also come together in a peer-to-peer enabled environment for transactions. Users of the platform can thus have access to the entire list of all the offers available on the Araw marketplace. With our help and the Araw Platform, any shop owner is free to execute a single sale or build an enterprise level e-commerce platform.
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 a radio-frequency identification (RFID) to communicate with a 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.
Open API Platform
With ARAW Token Open API Platform, users do not need to know any form ofprogramming code or language to make use of the system. It is structured to be utilized out of the box.
The ARAW mobile wallet continuously connected to Cryptocurrency Exchanges maintains the live exchange rate of the ARAW token and other cryptocurrencies.
Banking System Integration
With seamless banking system integrated with 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 cash back to linked accounts.
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 cryptocurrencies like ETH and BTC
- Exchange ARAW Token with fiat currency and get cashback
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
Ethereum Blockchain – Proof of Delivery & Service
The Araw e-marketplace leverages smart contracts to make the process of exchanging goods with ARAW token fast, secure and add trust in the system. It generates secure escrow for two transacting parties. Through this method, they are given a money–back guarantee for buyers if the product turns out to be substandard and for the seller, it ensures that the fund for the product they placed on the marketplace is securely transferred to them.
Peer-to-Peer Transfer
The ARAW token platform enables the peer-to-peer transaction to give users the chance to engage in the 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.
Unified Reward System
With the various offerings of the ARAW Platform, we are set to unseal the current limitations found in traditional customer loyalty programmes and hasten the development of a more cooperative, unified, and competitive customer reward industry. We aim to replace the traditional restrictive reward points system used by typical commerce companies with a blockchain based dynamic currency that increases participation and interaction between customers and services.
ARAW Token ICO Details
ARAW is an ERC20 token that fuels the ARAW ecosystem across the e-commerce and payments industry. The token will be issued in an upcoming ICO, and the number of tokens that will ever be created is capped at 5 billion. The token can also be used as a rewards mechanism by retailers for their customers. ARAW boasts a token-fueled rewards platform for which there is an open API. The rewards program is unique in that rewards aren’t points and don’t expire, making them more attractive to customers and ultimately bolstering the value of the coin. The company already has customers using its rewards system off-chain, and the plan is to migrate them to the token-fueled decentralized platform.
Ticker: ARAW
Token type: ERC20
Accepts: ETH
ICO token price: 1 ARAW = $0.01
Soft cap: 2,000,000 USD
Hard cap: 25,000,000 USD
Total tokens: 5,000,000,000
The Amazing Team
ARAW boasts a deep bench of seasoned banking professionals who are alumni of firms like Barclays, JPMorgan, Capital One and more.
Krutesh Shah is at the helm as co-founder and CEO. He’s a banking industry alum at major investment banks including BNP Paribas and Barclays. This experience should serve him well with the company’s migration to the blockchain. He brings the financial tools while ARAW CTO Carlo Pascoli brings the technical experience, having been part of engineering teams at “Shazam, IG and Thomson Reuters.” Pascoli boasts experience with developing mobile apps and distributed systems and is a believer in decentralization.
ARAW’s management team extends to an experienced advisory team comprised of more than half-a-dozen e-commerce and blockchain professionals whose guidance is likely to result in a successful move to the Ethereum network.
ARAW Conclusion
This company definitely looks like one that will have a bright future because it has big plans and it looks really prepared to try them for real. We believe that investing in this company can be a good idea, as there are plenty of chances that ARAW will be able to raise the value of its tokens after some time.
For more information, please visit the link below:
Author: safazara
Website : https://arawtoken.io/
Whitepaper : https://arawtoken.io/assets/araw_whitepaper.pdf?v1.11
Facebook : https://www.facebook.com/arawtoken
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Telegram: https://t.me/ArawTokenOfficial
Medium : https://medium.com/@TheARAWToken
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1783327
mytherwallet: 0xb7cA53C6b42E6B8a5bEFA6d3C4B24Bf8ce6c82bD