The Decentralised Payment for E-Commerce Ecosystem

putrisyakira (21)in #ico • 7 years ago

Author: AaXray
Source: The official website of arawtoken.io and Whitepaper

Introduction

With its unique infrastructure, ARAW Tokens offer e-commerce and service providers to standardize each prize program and expose ordinary people to the cryptocurrency economy. This is a completely transparent solution and is trying to make cryptocurrency accessible to everyone.

The main goal of ARAW tokens is to build a decentralized payment ecosystem e-commerce platform in order to increase the adoption of blockchain for everyone around the world. The ARAW token ecosystem offers an integrated reward system that can be provided by each service provider entity. This allows almost every company involved to further encourage incentive consumption from their various services because it provides tangible value through the distribution of tokens and can expand the consumer market to their previously limited gifts.

What is ARAW Token?

ARAW Tokens are utility tokens specifically designed for the global e-commerce market. ARAW Tokens will function as integrated gifts and payment modes for online and retail outlets.

The ARAW Token Ecosystem

Since its inception, the Araw Ecosystem is carefully designed as an environment that supports users to be confident in their trading on the Blockchain. To capture various users, we have also provided a scalable, effective and simple ecosystem platform on the Ethereum Blockchain, where every customer and brand can interact without limitation in a way that is reliable, trustworthy and mutually beneficial.

ARAW Pay

Araw Pay will be an open widget to receive payments in ARAW tokens and can be used by all merchants online as well as other payment gateway providers. Our goal is to provide unlimited Araw payment solutions in Araw mobile & web wallet, open API platform, and Araw e-commerce market.

E-commerce Marketplace

We aim to meet every need of consumers, traders and every business is part of everyday shopping without changing their shopping patterns. Our e-commerce market offers you quick access to global audiences, removing transaction overhead and ensuring they are safe and without friction at all through the Ethereum blockchain based on ERC20 tokens and the implementation of smart contracts.

ARAW Card - Touch & Pay

Our Touch & Payment Cards aim to enable all customers to make micropayments every day. This card contains radio frequency identification (RFID) to be able to communicate with card readers to enable untouched payments. With the release of Araw Card, we expect to be able to increase the adoption of Araw platforms by our regular customers.

Open API Platform

With the ARAW Token Open API Platform, our users no longer need to know the form of any programming code or language to be able to use the system. Install & Play Enterprise Blockchain based on the E-Commerce Platform by simply clicking the button.

Banking System Integration

With an integrated banking system on the Araw Platform, our customers will be able to buy ARAW tokens using their connected bank account. They will also be able to exchange between ARAW tokens and fiat and send money back to the linked account.

ARAW Mobile Wallet

Araw Mobile Wallet integrates seamlessly with the Banking and Cryptocurrency Exchange to enable Araw Platform users;

Top-up Araw Token by clicking the button
Send and Receive Araw Tokens
Exchange Araw Tokens with other crypto currencies such as ETH and BTC
Exchange Araw Tokens with fiat currency and get cashback

Araw Mobile Wallet will continue to connect to the Cryptocurrency Exchange to maintain Araw token direct exchange rates and other cryptocurrency.

Cryptocurrency Exchanges Integration

The Araw platform, integrated with cryptocurrency exchange, will allow users to exchange ARAW tokens with other cryptocurrencies (such as ETH and BTC). Users can also convert from one cryptocurrency to another and from cryptocurrency to fiat currency.

Ethereum Blockchain - Proof of Delivery & Service

By utilizing smart contracts, Araw E-marketplace will make the process of exchanging goods with ARAW tokens that are fast, safe, and add trust to the system. This will result in secure escrow for both parties who are transacting. Through this method they will be given a money back guarantee for the buyer if the product turns out to be substandard, while for the seller, it ensures that the funds for the products they place in the market safely will be transferred to them.

Peer-to-Peer

The ARAW Token platform is very possible for peer-to-peer transactions that give users the opportunity to engage in direct exchanges of goods and services. This allows free trade between the two parties wherever they are. Sellers can also sell directly to buyers around the world without regular brokerage services or through currency conversion and different exchange rate fluctuations.

Unified Reward System

We aim to replace the traditional restrictive reward points system used by specialized trading companies with dynamic blockchain-based currencies that increase participation and interaction between customers and services. Here we have unprecedented opportunities to unlock the full potential of the prize program by combining all sales entities and gathering together an unlimited customer base and the awards offered.