WHAT IS EKKBAZ PROJECT?
EkkBaz is the first blockchain and AI-powered platform bringing together, connecting and transforming last mile Grocery stores by enabling direct B2B interaction with manufacturer in any corner of the world.
After our analysis on problems facing grocery stores which we started in Singapore, Enam Chwdhury came up with an ideology across Singapore and Bangladesh to actualize its needs across the developed and developing markets. Due to the fact that Bangladesh was suitable to experiment this ideology because it has the best and largest grocery stores. At EkkBaz we believe so much in our customers and their feedback after each business transaction or any purchase of groceries at any point in time.
The first version of the EkkBaz business App, which was released in July 2017, was built in Stealth mode. During this period we were able to gather information from selected manufacturers and grocery stores to quickly gather feedback from customers, allowing us to study the thoughts and opinions of customers in other to enhance our App. While we were still in testing mode of our App a greater number of manufacturer across singapore and Bangladesh have shown much interest in our services and had applied to join our platform. Due to the tremendous outcome and success on this, the manufacturer have achieved so much after joining our platform. Below are some of the early adopters that are piloting the EkkBaz platform and shaping the future of FMCG B2B collaboration around booking and ordering.
BENEFITS OF EKKBAZZ PLATFORM:
• Directly connects grocery stores with manufacturers
• Ease of information sharing and collaboration
• Smart contracts to facilitate interactions
• Uses EKK for facilitating ease of transaction
BENEFITS FOR STORE OWNERS
• New ways to earn revenue
• Order authentic products directly from verified manufacturers
• Intelligent data-driven assistant to help with ordering to maximize sales assortment
• Increases productivity and saves time by eliminating paper invoices and tedious recomciliation
• Get reward directly from manufacturers
EKK TOKEN:
During the EkkBaz ICO, EkkBaz will be distributed to all ERC20-based Ekk Token for the project on the ethereum platform for crowd sale. The main reason for this liquidity is that will be giving out the EKK Token that is pegged in a 1-to-1 ratio of the EKK in BAZ protocol. Making use of hashed time-locked contracts against a central reserve wallet, we will make sure that the exchange of EKK across blockchain is an atomic operation.
Name: EKK Token
Sysmbol: EKK
Decimal: 18
Totak EKK token to be minted: 2 billion (2,000,000,000)
TOKEN ALLOCATION:
50% token sales and distribution- The large portion of our whole token supply will be given to the public during the token sale and distribution.
35% platform Growth Reserve- Reserve will be used to make more research and develop other useful stuffs for the company. The circulation of the reserved Token will begin in 2020 and will last for a duration of 5 years.
5% Marketing/promotion – this includes bounty programs, Airdrops, promotional activities etc.
8% Team – We have mapped out 8% from our total realized money to pay our team for their good job. This team token will be locked for 2 years.
2% Advisors – This percentage has being mapped out to pay our advisors who made EkkBaz a success.
TOKEN SALE
State date: 25th June 2018
Start time: 13:00(UTC + 8) singapore time
End date: 9th July 2018
End time: 12:59 (UTC + 8) Singapore time
Period: 1
Payment method: ETH
Soft cap: 2,000 ETH
Token exchange rate: 1 ETH = 10,000 EKK Tokens
Total EKK Token supply for the period: 400,000,000
Min. purchase: 0.1ETH
Purpose: private sale and crowd sale to raise initial funds needed for the project to continue.
OUR ROAD MAP:
CONCLUSION:
Ekkbaz is a platform that brings store owner and manufacturer closer to each other. This project ideology is to promote manufacturer’s production level and know what final consumers really want.
Whitepaper: https://ekkbaz.com/token-offer/whitepaper
Website: www.ekkbaz.com
Facebook URL: https://www.facebook.com/ekkbaz
Twitter URL: https://twitter.com/EkkBazCom
Bitcointalk URL: https://bitcointalk.org/index.php?topic=4413098.0
Author”s details:
Bitcointalk username: Mrnku
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1927539;sa=summary