Ahoolee claims to be “the world’s first search engine for products.” Find out what that means today in our Ahoolee review.
What Is Ahoolee?
Ahoolee, found online at Ahoolee.io, is a search engine currently preparing for its ICO, scheduled to start on September 11.
The search engine specializes in featuring products in a decentralized network. It seeks to solve problems in today’s online shopping experience. Today, big players like Amazon make it costly to sell products on their marketplace. It’s also difficult to compare products across multiple shopping websites. That’s where Ahoolee sees an opportunity.
How Does Ahoolee Work?
Basically, Ahoolee is a goods search engine. The company claims to be “the first global goods search engine where the info on prices variations is kept in a blockchain.”
The ecosystem revolves around the Ahoolee cryptocurrency, which can be used to purchase goods.
The indexing is done openly and for free, and the information is authenticated using blockchain technology.
Ahoolee already has 40 million positions available – and “this number is growing daily”, according to the official website. Users can use the search engine to match the prices of all online stores around the world. To do that, just check an item’s online profile. Ahoolee will display prices from online stores – like Amazon and Best Buy – around the world, making it easy to see the current price at any online retailer.
All purchases and prices are recorded on the blockchain. This way, users can track all changes and businesses to analyze the market.
Ultimately, using this technology, Ahoolee envisions a future where someone can find any product on the internet, find all of the shops where that item can be purchased, compare those items by price, and then purchase those items in exchange for cryptocurrency.
Quick Price Comparison:
Ahoolee will make it easier than ever to compare prices – even when comparing prices across retailers. Instead of spending hours searching for the right price on the internet, you can compare all Ahoolee information at a glance. All prices are viewable from an item’s profile.
History Of Price Changes:
All prices are recorded in the blockchain, so you can track all price changes across stores from all over the internet. See how prices have changed over time. I can see this feature being particularly useful during events like Black Friday – when retailers falsely advertise bigger discounts, or lie about the original price of an item.
All of your purchase history is available through Ahoolee, including when you bought an item, how much you paid for that item, and where you bought that item. This information is stored in the blockchain. You can make that information public or keep it private.
Ahoolee will have premium account plans starting at $5,000 per year. These accounts are for merchants.
Ahoolee will have contextual advertising in place, giving merchants the ability to promote their online stores for various items.
Technical Details Of Ahoolee
Ahoolee’s search and indexing process can be broken down into three steps, including parsing, matching, and searching. Here’s a brief overview of each:
Ahoolee uses a decentralized parsing method based on its own blockchain technology. The blockchain is responsible for key tasks like keeping price information up-to-date and providing the most detailed information about products.
Information about products that has been collected from stores is processed by machine learning algorithms in order to consolidate the information about the same product sold by different stores in a single product card.
Ahoolee’s search engine is based on Elasticsearch, with some heuristic techniques designed to improve the quality of search results. As the userbase grows, Ahoolee plans to rank search results using machine learning methods, including gradient boosting and neural networks.
Who’s Behind Ahoolee?
Ahoolee is led by CEO Sergey Ryabov, who has been creating online companies since 2001. He’s known for launching projects like Miiix, which was named Russia’s startup of the year in 2013.
There are twelve people on the Ahoolee team, including other key members like Dmitry Bereznitsky, CTO and Vitaly Mengeshev, COO.
The Ahoolee Token Sale
There will be a total supply of 100 million Ahoolee tokens.
20 million tokens will be kept in the Reserve Fund, which will be used to pay miners and assessors. These tokens will be stored in multi-signature wallets.
10 million will be kept in the Ahoolee Fund for the team and partners.
10 million Ahoolee tokens (AHT) were available during a pre-sale in July 2017, while 25 million AHT were available during an ICO seed round between August 28 and September 11.
The main ICO, however, is scheduled for April 2018, which is when 30 million AHT will be released. The price during the ICO will be 1 AHT = $1.66.
Today’s search engines don’t do a great job of providing information about products. Ahoolee wants to change that by creating a product-focused search engine. You can visit an item’s profile on Ahoolee to get instant information about that product, its price, and its history. You can see how much other people have paid for it, and instantly see how much it costs on various online stores.
To learn more about Ahoolee, visit the company online at Ahoolee.io.