AORA ICO Review:
Everything you need to know on AORA ICO
AORA is a blockchain e-commerce platform that enable global consumer to be connected with thousands of global sellers and million of real world products available in the world. The main benefit of using this platform is to save time and cost for consumers and merchants comparing to traditional online platform.
Whats is the selling points?
1.Powered by the smart contract capabilities under the ethereum blockchain ecosystem, AORA reinvents the E-commerce buying experience with a blockchain payment gateway, a decentralized product and merchant credibility + review system, and worldwide logistics with door-to-door delivery. Acting as a central purchasing and delivery node to traditional online marketplaces and e-stores, AORA will achieve instant scalability with thousands of brands and millions of real world products available for purchase at no markup and transparent exchange rates to the crypto community. Their goal is to allow other traditional merchants to seamlessly adopt AORA’s suite of E-commerce blockchain tools to expand their businesses.
2. AORA has its own AORA Coin for payment and rebate within the platform. Thanks to the cryptocurrenies, the transaction fee will be lower than traditional online payment which always need transaction fee (~2% or ~3%) beneficial for both consumer and merchants. There is swift conversion at optimal exchange rates to fiat and cryptocurrency so you don’t need to worry about the devaluation.
3. The verification and security of data enable trust and genuine review, helping consumers make informed purchase decision. As a result, a better shopping experience for consumers and a valid social marketplace is formed.
Is it a Scam / Fraud? AORA ICO is the first public ICO in Singapore. I am 99% sure this ICO has been approved under the regulation of Singapore government and is the flagship for the later upcoming ICO. In addition, this ICO is funded by the SGX-listed Y Ventures Group. The management background is coming from business and investment firms, with 15 experienced developers, engineers and data scientists skilled in the E-commerce and technology field.
This ICO is definitely Not A Scam.
Profitable? Well. If we would like to investigate whether there is any profit from this ICO. One of the most important things is to evaluate the management team. I do care the most on the ability of the management and development team on how the combination of business and technology works together. The management consists of e-commerce expert, strategic planning investor. They know how the business works and planning to earn profits from this new e-commerce platform. In addition, most of them are Singaporean. From my experience the nation has a very good senses of responsibility, hard working and execution. As a result, i believe AORA will successfully launch in the market.
Another evaluation is the support from government and public. This ICO is the first public ICO in Singapore. It is no doubt that many Singaporean treats it as a pioneer in the market and will have more confidence on this. Also the government shall have also research on this project and will hope this project successful because this is the first public ICO. If it is fail then it will affect the future public confidence on ICO, which they are not willing to see by Singapore because they position itself as the high innovation and technology center.
The future popularity of AORA platform and the AORA Coin. As AORA Coin is a kind of utility coin, which is created for payment and rewards. I believe this is the first e-commerce platform that using the blockchain technology, with the benefits of cost and time saving. Consumers and merchants will give it a try. If the user interface and the system performance is good and getting more participant into the platform, the value of the coin will definitely up as well given the limited supply on the coin.
Fierce competition from e-commerce giants such as Amazon and Alibaba is a major threat to the success. I am not e-commerce expert but i do know that capturing the market share is the key to success to the coin. (if there is no one use the coin then everything is fail). Management team need to think about the way out and build a sustainable eco-system between buyers and merchants.
70% Profitable in my opinion. This definitely a long term investment.
Parameters Of The ICO
- Main ICO Date: 31st July 2018 – 30th November 2018
- Presale Date: 1st October 2018 – 31st October 2018
- Crowd Sale Date: 1st November 2018 – 30th November 2018
- Token issue date: Starts from 1st Dec 2018
- Type of Token: ERC-20
- Total Amount of Tokens Minted: 625,000,000
- Soft Cap: 20,000,000 USD
- Hard Cap: 50,000,000 USD
- Price per Token: 0.20 USD
- Currency Accepted: ETH, BTC, USD, SGD
- Token purchases- 40%
- Management and staff- 20%
- Company reserves- 15%
- Bounty- 10%
- Marketing- 13%
- Advisors- 2%
- Token offering- 40%
This was Chapmann from TheTradingBull if you like the article please leave a comment and suggest some more ICO and CryptoCurrencies for us to review. Thank you for your participate and good luck in your investment.
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