Online Market

Online market will be main platform for the users, who want to buy or sell goods
with the use of cryptocurrency.

  • Process. Seller is presenting own merchandise, estimating the price for it. Buyer is finding the merchandise and buying it for cryptocurrency (AIC).
  • Taxation. Taxation will happen accordingly to user country of location legislation.
  • Goods. All the goods will be divided on categories for more convenient search.
  • Price. Token rate will be fixed for the moment when buyer is agreeing to buy the good. Seller can designate fixed price or floating price, based on exchange (risk of price decrease or increase according to exchange adjustments should be taken into account).
  • Reviewing. Reviews System will be related for buyers same way as for sellers.
  • Blocking. Online market AKAIITO will categorically adhere to strict policy what comes to blocking of illegal goods and dishonourable users, what will give to other users safety feeling.

 

Principles and functioning

  • Every user can create own account with seller cabinet for products exposure.
  • Retail selling of units with the price till 10 AIC is allowed to everyone.
  • For selling more expensive goods You need to improve Your rating by getting positive review/score after
    every confirmed and closed deal. Score should be not less than 7 points out of 10, only such level scores will be
    taken into account for general positive rating of the seller. Every 5 positive scores not less than 7 points are
    giving an opportunity to expose for selling more expensive goods, by principle 5 points=+5 AIC for maximum
    allowed price for the selling goods.
  • Calculations will be done in AIC. For convenience there will be provided built-in calculator, which will show
    value of price in any other currency based on current exchange rate.
  • By buying AIC tokens in initial sale, You can, not just maximally profitable to buy goods and services on
    AKAIITO platform, but as well to trade with AIC on exchange markets and gain the profit.
  • Options of getting positive rating for an opportunity to sell more expensive goods:
    1. Selling cheaper goods from the very beginning.
    2. Selling more expensive goods, but with maximum allowed price point. Good price point can be
    a good surprise for the buyers, who will definitely reward You will good score and positive review.

 

Deal

Based on Smart contract

  1. Sellers and buyers are agreeing about the deals on AKAIITO platform with use of smart contract.
  2. Buyer’s tokens are booked in full value.
  3. At first seller is getting tokens only for postal spendings (will be designated by seller based on location and specification of good).
  4. Seller is sending delivery to buyer.
  5. Buyer to be able to get delivery, should scan QR code, which will be given to him by postman or carrier.
  6. After QR is scanned deal is closed and tokens are trasnferred to seller.

 

NB! If QR code won’t be scanned, delivery will be send back to seller. In that case seller will get own product back and tokens for postal spending’s (has been transferred earlier) plus compensation. Buyer will get left amount of tokens (excluding postal spending’s and compensation for seller) back. During production principles of work can change with the purpose of making platform the most comfortable, safe and trustworthy.