Basically StuffGoGo is online mobile classified ecommerce platform. With StuffGoGo, buyer or the seller will be able to interact directly without using any central server to connecting them.StufGoGo ecommerce platform, offering different approach into the world online commerce. By using StuffGoGo platform, all buyer and seller inside will connect them directly. There is no middle man used into the transaction, so it would be no fees needed to pay.
Centralization of eCommerce
Right now, online commerce mostly means using centralized services. Either through a browser or with app users connecting to a server of a company providing online shopping. eBay, Amazon, Craigslist and myriads of other eCommerce products are functioning this way, they are what is called on the “cloud”
Main purpose of central server is to hold all the data, implement business logic for all offered services and provide HTML and API interfaces so user can interact with it either through browser, or with app or through API from third-party apps, tools and sites.
Centralization seems like a convenient way to setup eCommerce operation and get all the customer data and use it / resell it turning it into a revenue source. However, due to companies abusing these practices customers start to look for alternative solutions. The drill down on the pain points for customer coming from centralized services as follows:
- All these services require personal information and collect all data about users. This data is used both internally and re-sold to other companies. Privacy policies are extremely convoluted and mostly makes user surrender all their private data in order for them to use their buying/selling services
- Centralized services are perfect targets for hackers. Every day several eCommerce sites are getting hacked and data leaked.
- Most eCommerce companies have very restrictive policies and charge high fees for listing and selling goods. This is coming partially from very high running costs, data warehouses, API servers, F5’s/gateways with tons of sysadmins and lawyers on a payroll
- Customer’s online store can be shutdown instantly and with no warning. Many sellers on eBay have to maintain multiple accounts at the same time, because they cant risk jeopardizing their business after single fraudulent claim against them from one of their customers
- Some services, like Craigslist or LetGo wont handle any online payments and you have to physically meet your transaction counterpart and that can get you robbed or even killed. That unfortunately happens too often with “social selling” apps.
How StuffGoGo will fix these issues
StuffGoGo (SGG) is a totally different approach to online commerce. It’s ecosystem of P2P connected nodes, there are no servers, it’s fully decentralized. StuffGoGo allows users to interact and exchange payment directly with no middleman. Because there is no one in the middle of your transactions there are no fees, no restrictions, no accounts to create, and you only reveal the personal information that you choose.
- SSG is Privacy and Security Centric. No big brother, no central server, no personal information capture and no data mining. Your data cannot be stolen or sold, because nobody other then you has it. Data is distributed across the nodes with redundancy and context based dynamic encryption
- SGG Ecosystem is Extremely Resilient, it can’t be disabled/turned off. No entity controls it and it is run by users similarly to most cryptocurrencies. Your product store will be online until you and only you decide to close it
- NO Fees and NO Restrictions. For most users, products and services it’s free for both buyers and sellers. No commissions, no fees. Arrange for local pickup or pay online with payment method of your choice including SGG tokens, or other cryptocurrencies. Since your data is only yours, we are not imposing any limitations and restrictions on items that can be bought and sold. The system is a community operated democracy
- Social Engagement – SGG ecosystem includes not only “Buy it Now” listings, but also variety of auctions – Silent, Regular and Dutch. It also includes online classifieds materials, in a Craigslist style. Deleting boundaries between regular eCommerce and simple classifieds services will make SGG “go to” place for variety of selling/buying/leasing workflows.
Ecommerce platform has create so much attention worldwide. It also create so much opportunities around it users. According to the United Nations Conference on Trade and Development, it will keep growing up to 1.623 billion in 2018, from 1.079 billion in 2013.
Easily accessible from mobile platform makes ecommerce platform gain more popular. Business Insider premium research service forecast, announce that m-commerce platform will be reach about $284 billion by 2020, or about 45% of US e-commerce market.
Based on the conditions above, it makes sense why StufGoGo will trying to reaching the ecommerce segment on mobile platform, because digitalize era on mobile platform would be unstoppable. If we already seen ecommerce platform usually goes through a centralized service, so here is why StuffGoGo would trying to disrupt the ecommerce platform.
ICO
SGG platform has been already developed for almost a year funded by founders and bootstrapped from existing revenue coming from software development and consulting business. To accelerate development, build the whole SGG community/ecosystem and add required flexibility to our platform architecture through the use of our SGG token therefore achieve massive success by timely releasing full featured product to the market we decided on bringing external investments in form of SGG Ethereum - based token sale.
SGG token is a crucial part of SGG platform and will become increasingly valuable and liquid commodity with platform release and maturation. It will be used internally by the system to enable high-volume no-fees transactional bandwidth and It can be also used by customers to make purchases, promote listings, post advertisements, run powerful seller tools, post in restricted commercial sections (such as for auto dealers, realtors) and much more.
ICO Parameters
ICO Start Date: Saturday, August 12, 2017 6:00 AM UTC
ICO End Date: Saturday, September 9, 2017 6:00 AM UTC
Total number of SGG Tokens issued: 1 000 000 000
Token Exchange rate: 5 000 SGG = 1 ETH
Minimum transaction amount: 500 SGG (0.1 ETH)
Maximum transaction amount: 15 000 000 SGG (3 000 ETH)
Bonus: in the first two days the participants will get a 20%
tokens bonus Bounty: 20 000 000 Tokens (2% of issuance)
Total Sale goal: 100 000 ETH Minimal Sale goal: 1 ETH
Token emission and distribution rules:
50% (500 million tokens) will be available to participants;
2% (20 million tokens) allocated for bounty
38% (380 million tokens) will remain in the SGG Global Foundation until the official exchange is launched, the tokens will be used to form a stable market and further development over the next five years.
10% (100 million tokens) will be distributed among team members; All collected funds shall be received and stored on wallets with multi-signatures
Roadmap
Our main product under this ICO is creating of StuffGoGo distributed ecosystem comprising of the following
- iOS and Android StuffGoGo Apps. Using native scripting technology applications will share 95% of the same source code
- Integrated crypto Wallets for iOS/Android Apps (SGG, ETH, BTC)
- Distributed indexed storage with search. As a library to be build in Apps.
- Desktop in-browser client
- Images of Linux-based bootstrapping nodes for various platforms (amd64, i386, arm) with node software installed to enable initial network functionality / persistence until sufficient number of users reached
Our first MVP planned to be released to public in Q1 2018
For more information log into
Websites: http://stuffgogo.com
White paper: http://stuffgogo.com/whitepaper/SGGWhitepaper.pdf
Bitcoin talk profile: https://bitcointalk.org/index.php?action=profile;u=299807