CanYa Review – CAN ICO Autonomous Cryptocurrency Service Provider?
CanYa is aiming to be “the world’s best cryptocurrency-based autonomous marketplace of services.” Find out how it works today in our review.
What Is CanYa?
CanYa, found online at CanYa.io, is a blockchain-based marketplace where people can buy and sell services securely.
The name of the platform comes from its simple goal: it wants to help people answer questions like, “CanYa help me with a bathroom renovator?”. You search for a service provider through the app, and you can view a list of service providers in your area.
The CanYa pre-sale begins in mid-October.
Unlike many other ICOs taking place online today, CanYa has a working platform available. CanYa was launched in beta form in a small Australian city in December 2016. The platform was then soft-launched in a major Australian city in January 2017.
CanYa will be available through a browser or an app. The app will rank service providers based on their reputation. And, service providers can pay a monthly subscription fee to achieve “featured” status, putting them at the top of the list of providers for a certain area.
You can check out the CanYa mobile app today on the Google Play Store. The app is popular with service providers across Melbourne, which is where the company is headquartered.
How Does CanYa Work?
CanYa describes itself as “a hybrid between an on-chain cryptocurrency payment layer using CanYa Coins, and a fast off-chain service that enables users to find and book services.”
The platform can be used by service providers to list their skills and services. Customers, meanwhile, can access the marketplace to securely purchase services from reputable providers.
There are four core parts of the CanYa ecosystem, including all of the following:
As a user, you load your CanYa wallet with ERC20-compliant tokens called CanYa Coins. These digital tokens can be used to pay for services on the platform. However, CanYa will also accept fiat currencies and traditional payment methods.
As a user, you can instantly pay for services locally and globally through the CanYa platform. CanYa aims to support most peer-to-pee services, relying on users to help curate and verify new services and providers.
As a provider, you can earn CanYa coins for your skills and services. You can spend the money in the app for other services. Or, you can convert the currencies and send them immediately to your bitcoin or Ether wallet. CanYa will have a network of zero-fee exchanges to minimize friction. After your account is verified, you can withdraw currency immediately to a fiat bank account with no fees or transaction limits.
As a provider, sell your skills and services to a global marketplace. The marketplace is designed as a true meritocracy where the best providers get the most exposure and work, while lower-quality providers sink to the bottom.
The platform revolves around a trustless payment system. The CanYa integrated wallet gives users a choice when spending currencies for services. Funds are held in an escrow account to protect against currency fluctuations. This ensures that $100 in will equal $100 out. So if you book a provider for $100, that provider will receive $100 when the job is complete – even if price fluctuations have occurred between the date of purchase and the date the service is completed.
CanYa’s operational platform, currently available in a handful of cities across Australia, includes the following features:
- Peer-to-peer platform that facilitates secure user transactions through a convenient mobile app
- Service-agnostic, and can be used by multiple service providers across all industries
- User-generated content and reviews
- Self-curating and self-balancing ecosystem
- End-to-end solution, allowing customers to find, book, and complete payment to service providers
- Smart machine learning to help customers find the best service providers for their area
- Dispute resolution via smart contract
- Amended invoices that allow service providers to adjust the final amount
- Provider subscriptions, where service providers can pay a monthly subscription fee to achieve “Featured” status on the platform
- A CanYa rewards program with friend referrals, welcome bonusses, transaction cashbacks, and commission payments
- Chat bot engagement
The CanYa Token Sale
The CanYa pre-sale will begin on October 15, 2017. The pre-sale will support the general crowdsale and provide the team with fundraising.
There will ultimately be a total supply of 100 million CAN coins in circulation. The coin sale will be conducted over four stages and will begin in November 2017. Each stage will last until sold out.
The stages will not progress until the previous stage is fulfilled. At the conclusion, all unsold tokens will be iced.
The main token sale takes place in November 2017.
Who’s Behind CanYa?
CanYa is led by CEO and co-founder John-Paul Thorbjornsen. Other key members of the team include Rowan Wilson (CTO and co-founder) and Chris McLoughlin (CMO and co-founder). The three co-founders met during careers with the Australian Air Force.
The team behind CanYa got together in November 2015, when they envisaged a global marketplace of services with an emphasis on quality.
By December 2016, that team had released an MVP and had launched in a small town in Australia as a beta. By March 2017, they had soft launched in a major Australian city and experienced rapid uptake with high organic growth.
After the conclusion of the crowdsale, CanYa is expecting to launch globally by March 2018, with KYC/AML support centers in Europe, Southeast Asia, North America, China, and Australia. Development of CanYa 2.0 will begin in July 2018. That version is expected to have in-app translation services, video calling, a chat bot, and advanced desktop features.
CanYa is headquartered in Melbourne, Australia.
CanYa is a service provider platform available today through a mobile app. The platform aims to help people find the best local services. To facilitate a global roll out of the platform, CanYa has scheduled an ICO. Users can purchase CAN tokens during the ICO. The funds raised during the ICO will be put towards the development of a decentralized platform while also allowing CanYa to roll out around the world.
To learn more about CanYa, or to participate in the ICO, visit online today at CanYa.io.
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