AIGOPAY - Perfect Blend of Blockchain and E-Commerce

toluene (47)in #crypto • 5 years ago (edited)

Introduction

Technology in our globe presently is evolving continuously. Different ideas, inventions and developments are being invented every day, changing the manner in which we see and perceive the world, from our day to day transaction and interactions with other people and our environment to the manner in which we fulfill our day by day needs.

E-commerce have developed into a key fraction of our lives due to the convenience it offers over the traditional commerce, and the commercialization and reliance of people on the internet has created this multi-trillion dollars market. The e-commerce industry, however innovative as it might be, isn't without burning hitches that need an evenly innovative solution.

The Blockchain is a avant-garde technology that has revolutionized a great deal of world institutions, sectors and markets. And keeping in mind that its application and implementation are nowhere near its maximum capacity. Consistent and constant advancements are opening new entryways of possibilities and opportunities for the Blockchain technology.

Existing Situation

Quite a number of decentralized projects have endeavored to revolutionize the e-commerce industry utilizing the Blockchain technology. And keeping in mind that it is still too soon to judge their success, some of those projects are already confronted with new challenges that come with utilizing Blockchain and cryptocurrencies.

The e-commerce industry is posed with different challenges (especially its payment system) which are a stumbling block for traders and consumers in the industry and limiting it from realizing its full potentials. Some of these challenges are discussed below.

It is a known fact that vast majority of online purchases and trade are completed using different payment cards and the rest are completed using different payment gateways (like PayPal, Stripe, etc). The issue with these payment cards is that the ecosystem is way too complex and comprises of different players and middlemen regulating the network and setting different rules and fees which traders must deeply comply with. Aside from the fact that these payment system are built to exploit traders, they also suffer from inefficiencies.

The major reason while traders have to endure this inefficiencies and exploitation is due to the lack of good and acceptable alternative payment systems. Though there are cryptocurrency projects that offer payment services but like these centralized system, they also have their shortcomings, like acceptance, easy usage and absence of a direct connection between crypto assets and fiat, as users will have to convert their crypto assets to fiat before usage.

There is an apparent need for a solution to these challenges

AIGO – the groundbreaking solution

AIGO is a decentralized Blockchain based project with the aim of revolutionizing the payment industry by providing solution to the pressing challenges of the industry. AIGO will solve the problems of the payment industry by leveraging the power of the Blockchain technology to create a peer to peer payment network that will be integrated with different payment cards allowing flexibility and scalability. AIGO will provide a platform where traders can transact directly with customers without the intervention of any middlemen, which will therefore eliminate the transaction fees and different regulations previously charged by these intermediaries.

AIGO payment network will also enable traders and customers to transact directly with cryptocurrency without having to go through the stressful and long process of first convert crypto to fiat. This will open up a brand new market for traders who adopt AIGO payment network, as they can have access to different customers from the crypto space.

AIGO is wired in such a way that it possesses both on-chain and off-chain components. And unlike most crypto platforms, it is designed to make user-friendly user interaction.

AIGO platform consists of the following unique features

A–Card: AIGO will utilize the A–Card which will function as a Card that will enable fiat withdrawal and bills payment without any form of fee.
A-Wallet: The A-Wallet is dashboard of accounts that will enable users to view account details and also allows connection between wallets. It facilitates the interaction of bill payments between accounts.
A-Store: The A-Store is unique from every other e-commerce store in the sense that it enables users to trade and make payment without waiting for confirmation from the centralized system.
A-Chain: The Ethereum network will be the initial host for AIGO, which will later on be extended to other networks. The AIGO platform has a flexible AI-payment Chain that consist of different unique smart contracts.

ICO Structure

Token Ticker: AIGO

Platform: Ethereum

Total Token Supply: 1,000,000,000 AIGO

Softcap: $400,000

Hardcap: $3,000,000

Accepted currencies: BTC, ETH, USDT

TEAM

Analyzing the AIGO team LinkedIn profile, they have a very strong background along with years of experience between them in several fields like software engineering, marketing, project management, etc. They are more than capable of delivering this project to success.