Jd.com (the ebay of China) with some 266 million users and $50 billion US revenue last year has announced it’s A.I. Catapult Accelerator (AICA) Program
JD’s blockchain accelerator program aims to unlock the ‘transformative potential of startups demonstrating cutting edge talent in the blockchain space’.
The first of these partnerships announced was CanYa, an Australian-based Cryptocurrency project looking to unlock the $2 trillion GIG economy. JP Thorbjornsen (C.O.O.) and Sebastian Quin Watson (one of CanYa's outstanding advisors) were there for the signing. So where does A.I. come into the equation? Here’s an extract from the CanYa Whitepaper.
“CanYa is planning on using the thousands of job requests processed in the platform, together with the listed skills and descriptions, to train ML algorithms to better match job requests with the right providers and to extract the right information from users easily. In future, users will simply ask the platform for help, and the right providers are immediately notified. This vastly improves the experience of the platform.”
Initially, jd.com will be integrating CanYa into their website as an “add-on service” so if you buy a piece of furniture that needs assembling, upon check out, you can click the CanYa icon and be presented with the appropriate people who can assemble it for you. You might buy the latest smart TV but need someone to set it up for for, click the CanYa logo.
CanYa started their ICO with an existing working product, soft launched in Australia and had already amassed over 3,500 service providers and more than double that in users of the platform - according to the whitepaper - in less than 12 months! If only 1% of jd.com members use CanYa that’s an incredible 350x increase in the user base!
So how exactly does CanYa work? Quite simply service providers, whether they be web designers, plumbers, babysitters, register for free on the platform and promote their services. Users, who also register for free, advertise jobs they would like performed. Of course there is a problem with this in that crypto is highly volatile. What happens if someone says they’ll pay $100 but the price of the CanYaCoin (CAN) doubles before the job is completed. What if the price halves. Who wears the difference?
Fear not, CanYa have this covered in what they call the “hedged escrow service”, quite simply the (CAN) is a utility token used to stabilise the transaction. In its most complex scenario, I agree to pay $100AUD for a job to be completed which I pay “up front”. This $100 is converted to CAN which is hedged against Gold or stable Crypto similar to USDT. When the job is completed I release the funds, which are then converted back to the appropriate amount of CAN. The service provider then has the option to convert to fiat, another crypto, or keep the CAN which can be used on the platform later.
CanYa have even implemented an arbitration system in the event there is a dispute between the Service Provider and the Customer. As per their whitepaper, the figure on arbitration is less than 1% of all jobs completed.
It was already a very promising project before jd.com (how many ICOs have a working product?) but now there is so much more potential. There has already been talk about the possibility of linking with the “jd.com’s of other countries”. The jd.com partnership has just given Canya the real possibility of easily entering the Top 50 (or better) of all cryptos.
With an ICO price averaging about $0.50USD, given the current bloodbath in Crypto in general, it’s current price of about $0.40USD makes it an incredible bargain. What makes it even more attractive is, with a total supply of 95.8 million tokens (reducing constantly due to their “asset contract”) and a circulating supply of 39.6 million, these tokens will be in high demand. What many people don’t realise is CanYa has a HODL club, which artificially locks up tokens therefore reducing circulating supply even more. Currently there are more than 14.6 million tokens being HODLd, reducing the real circulating supply to a measly 25 million tokens!
CAN is listed on:
KuCoin - https://www.kucoin.com/#/trade.pro/CAN-BTC
AEX - https://www.aex.com/page/trade.html
Bancor - https://www.bancor.network/discover
xBrick - https://www.xbrick.io/canya.html
COSS - https://coss.io/
QRYPTOS - https://www.qryptos.com
FatBTC - https://www.fatbtc.com/noau_lang/en
Cryptopia - https://www.cryptopia.co.nz/Exchange/?market=CAN_BTC
EtherDelta https://etherdelta.com/#0x1d462414fe14cf489c7a21cac78509f4bf8cd7c0-ETH
IDEX - https://idex.market/
Radar Relay - https://radarrelay.com/
CoinSpot - https://www.coinspot.com.au/
GateCoin - https://trade.gatecoin.com/platform/trade/order
And be careful, CAN ticker is used on other exchanges for different Cryptos, only use those listed above.
This is the CAN ticker.
Read more about CanYa at https://www.canya.io