Wednesday, May 16, 2018

eMarketChain ICO review

https://emarketchain.co/
All around the entire globe, online buying and selling are becoming the order of the day. E-commerce and online stores are a household name. It is highly expected that as the internet age spread, so will e-commerce and online shops.
Amazon, eBay, Walmart, Aliexpress are some of the worldwide known e-market stores. Africa is not left out in the rising e-market stores. Here in Africa, Jumia, Konga, and Alibaba are among the big names ruling the e-market space and there are more springing up. Worldwide, there is an exponential growth of online retail boom. https://www.smartinsights.com/digital-marketing-strategy/online-retail-sales-growth/
The most attraction of online retail otherwise known as e-commerce is the commission. The sales volume of online retail was put at $2.29 trillion in 2017. If the commission is just 1%, that can be a reasonable amount. In reality, though, the commission ranges between 5 – 15% according to the world renown online retail stores. Now, think about e-commerce without commission. How cool will that be? Buyers will surely prefer a commission-free platform than a commission one. Again, think of a secure online platform backed by the blockchain technology. How impressed customers will feel since they know the secure nature of the blockchain transactions. Merchants and businesses will also prefer a free commission platform

eMarketChain.co is a platform developed to “gives us an opportunity to completely rethink the current payment model used by online stores.” The platform is backed by the blockchain technology and is peer to peer payment. eMarketChain.co will reduce prices for consumers while increasing the profit of merchants by effectively eliminating middlemen and the payment processing entities. eMarketChain.co will adopt a decentralized approach for transactions and payments between the customer and the merchants via the P2P payment system of the blockchain. eMarketChain.co will be a commission-free online platform. The eMarketChain.co ecosystem is to accomplish this objective with its eMarketChain shop and the EMAC Token.
The EMAC Token is an ERC20 token on the Ethereum blockchain. It has a smart contract which can be viewed via this link https://github.com/eMarketChain/EMAC. A total of 454,000,000 EMAC tokens will be generated out of which 80% ie. 363,200,000 is allocated for the public sale. The remaining 20% is kept equally for future development use and for administrative use. The EMAC token will be the medium of payment in the eMarketChain.co ecosystem.

The ICO presale started on the 15th of April, 2018 and will run through 29th May, 2018. The sales hard cap is put at 32,000 ETH. The value of EMAC during the presale is fixed at 1 ETH = 12,000 EMAC. But this rate will be adjusting as main sale progresses as shown in this table.
As the world move towards the cryptocurrency and P2P systems, eMarketChain.co is rightly positioned for the online market space. Any interest in this project will be worth the while. Though I am not a finance expert, looking at the layout of the product and the team behind it gives me a reason to strongly request that you read the whitepaper well, so that it shapes your decision. The project is also backed by a team of experienced Management and advisors.
So you can be a part of this movement either by investing in the ICO or by promoting the token through the bounty campaigns for a reward or both.

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