The CanYa ICO is live from 26-Nov-2017 and will last for 30 days or until sold out.
In view of the CanYaCoin ICO I seek to find answers to 3 questions to try and explore the prospects and the business model of the CanYaCoin and its ICO.
I) What is CanYa about?
II) How are they going to generate revenue and
III) What are the possibilities for us as investors to make money?
I) So what is CanYa all about?
In simple terms the team behind CanYa has set up a marketplace for providers of service and those needing those services to interact and carryout the business using cryptocurrency as a mode of payment.
It is based on the principle that the best providers get the due credit and most business.
This is not a physical brick and mortar market. Instead a digital marketplace that we can carry in our pockets in the form of an app in our mobiles. In this market we as a buyer can order both brick and mortar services as well as digital services and pay with a cryptocurrency.
Its currency would be CanYaCoin a ERC20-based token that is backed by the value of skilled human services with an estimated value of $2tn globally
If the above graphic makes you think that it is an Australia centric business then have a look at the next infographic.
CanYa started operations in Australia in Dec 2016 however it is eying the global services marketplace.
According to its roadmap by March 2018 it is planning a global launch with support centres in Europe, South-East Asia, North America, China and Australia.
As per its whitepaper CanYa is a global autonomous marketplace of services with distinct focus on some of worlds largest addressable markets namely
USA
INDIA
China and
Open to anywhere in any part of the world who wants to do business either as a provider or buyer of services.
How does the Canya project make money? How can we make money with the CanYa ICO?
By investing in the ICO one would buy and hold the CanYaCoin tokens.
How money comes into the system?
The buyer of service would not have to pay any fee however a 1% fee would be
charged from the service provider. This way a lot of buyers would come in and the demand would grow. To fulfill this demand more and more providers would come in who pay a fee and in turn revenue and volumes would increase.
Another stream of revenue would come from a freemium subscription model. This would provides a constant demand for the tokens and a revenue stream for the platform.
A provider would be able to opt for a paid subscription and get added benefits like a preferential listing.
The Provider can Pay a monthly subscription paid in CanYaCoins (CAN). This would give them a "featured" status and get them more exposure to help them possibly get more work.
In addition “By integrating fiat payment gateways, CanYaCoin aims to become a legitimate gateway of fiat into crypto, enhancing the entire ecosystem and accelerating mainstream adoption.”
I think this can be a gamechanger and a big source of revenue for CanYa
Over a period of time the value and demand for the CanYaCoins would appreciate and those who buy at the current discount price may benefit from the appreciation.
For this post I have researched and presented information found at
CanYa Website
CanYa YouTube
CanYa WhitePaper
CanYa Twitter
CanYa Telegram
CanYa Facebook
https://steemit.com/cryptocurrency/@originalworks/150-sbd-sponsored-writing-contest-canya
https://info.canya.io/assets/docs/WhitePaper.pdf
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