Blockonomics- Re-imagining Bitcoin and E-commerce.
E-commerce has been experiencing a steady growth over the years and thanks to technology and the internet, E-commerce is not as it used to be. E-commerce has assisted in the growth of various businesses by helping increase the rate of customer adoption and the beauty of the E-commerce phenomenon is that E-commerce is just starting it's streak. Let's take a look at the situation of things between E-commerce and Bitcoin as far back as when Bitcoin was created.
When Bitcoin was created in 2009, it was like a door got opened as customers have been silently crying and praying for a different payment system, a digital payment system and when Bitcoin was created it was like an answer to the prayers. Customer payments would become a lot easier and payments could even be made from anywhere in the world.
Bitcoin has a lot of benefits over the use of credit cards, and other payment methods; with Bitcoin, payments can be made at anytime and from anywhere and in contrast to the use of traditional financial institutions, customers need to worry about having their personal data and information hacked in any way. Let's not forget the transaction fees associated with using Pay Pal and other payment methods like Pay Pal, Bitcoin invariably made a reality of the imagination of not having to pay those outrageous fees anymore. Bitcoin holds a whole lot of benefits over the traditional payment methods that we have, it also brings better security to the table as unlike the way Pay Pal and other payment methods like Pay Pal function, no sensitive information is required during the transfer of funds only the Bitcoin public address of the sender and the receiver.
There are some parts of the world that do not even support any of these payment methods but with Bitcoin, there is no restriction to the areas of access as a data connection is only needed to send bitcoin payments and even arears that support these traditional payment systems, transaction confirmations could take days and if it falls on a weekend or holiday then it could even take longer but with Bitcoin, there are no weekends and definitely no holidays; payments can be made at any given moment as long as a data connection exists.
Despite all these benefits of Bitcoin over traditional payment systems, there are still problems related to Bitcoin based payments. One of the problems of Bitcoin is volatility; this has been a really big issue when it comes to Bitcoin and cryptocurrencies in general. Bitcoin would be worth $1000 now and in the next 2 minutes might be worth $3000 or it might be worth $800. This volatility has led to much more losses than profits and this is one of the problems of Bitcoin in E-commerce. Bitcoin payment adoption in E-commerce is just what the world needs and to facilitate that, a platform "Blockonomics" has been created that would effectively address the problems facing the adoption of Bitcoin in E-commerce.
Blockonomics is a decentralized Bitcoin payment solution that provides means to enhance the use of Bitcoin as a payment method in E-commerce. With Blockonomics, there are instant and direct payments with no middle men.
Details about the Blockonomics Token.
The Blockonomics token (BCK) is the currency associated with the Blockonomics platform with a total supply of 1,000,000,000 BCK from which 60% (600,000,000 BCK) would be allocated to the tokensale, 15% (150,000,000 BCK) would be retained as strategic growth and investment fund, 20% (200,000,000 BCK) would be distributed to the founders and team and 5% (50,000,000 BCK) would be allocated to the advisors and supporters.
The hardcap is set at $10,000,000.
Use of Funds Generated From The Tokensale.
45% would be used for the core platform development, 10% for platform integrations, 15% for sales and marketing, 10% would be used for open source development, 10% would be used for community and promotional activities and 10% would serve as contingency cover.
Team and Advisors.
Useful Links:
Website: https://ico.blockonomics.co/
Whitepaper: https://ico.blockonomics.co/docs/Blockonomics_Whitepaper.pdf
Bitcoin Ann: https://bitcointalk.org/index.php?topic=4421484
Twitter: https://twitter.com/blockonomics_co
Facebook: https://www.facebook.com/Blockonomics-1619324884975855/
Telegram: https://t.me/BlockonomicsICO
Writer's Bitcointalk username: kitanodebunmi
Writer's Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1298583