Classified advertising has been around since before the advent of the newspaper, and fueled the print news industry for decades. In the mid-1990s, though, publishers and online platforms started transforming the industry by taking their ad inventories online. By the early 2000s, online classified ad revenues were nearly equal to print classifieds in newspapers, reaching more than $14 billion. Today, revenues for online classified listings top USD $18 billion worldwide and are expected to top USD $27 billion by 2022.
In many countries, there are both general horizontal markets like Craigslist as well as strong vertical markets in specific categories such as used cars. In some developing markets, such as in Russia, Turkey, and Brazil, there is no dominant market player, either in horizontal or vertical markets.
Market conditions suggest that there is a huge opportunity to not only capture both market share in both horizontal and vertical markets across the globe, but also in a platform that allows users to list, search, and conduct business across other platforms in other markets.
What Is Fair Ninja?
Fair Ninja is an online classifieds platform that allows users to buy and sell goods and services; from anywhere in the world, to anyone in the world. Their goal is to connect the world’s individual classified marketplaces into a single market, making commerce easier than ever. Using personalized smart contracts, Fair Ninja will offer transparent, reliable, secure, and anonymous transactions that will make online commerce internationally viable and completely frictionless.
How Fair Ninja Global Blockchain Classifieds Marketplace Works
Online marketplaces and sellers will now have a much wider audience to sell their goods and services, while buyers will have unprecedented access to an enormous variety of products. And with Fair Ninja’s automated translation tool, language and communication barriers will be erased, allowing for a truly international marketplace. Additionally, using their smart contracts, users will be able to conduct business in a fully secure manner, knowing both products and payments will be delivered.
To enable the free-flow of goods and services, and to offer frictionless and reliable transactions, Fair Ninja will be the first complete solution for online classifieds, offering the ability for users to complete transactions in both the top cryptocurrencies as well as our own ERC-20 compliant Yoshi coin.
Fair Ninja YSH Token & ICO Details
Yoshi coins are ERC20-compliant tokens based on Ethereum blockchain. In order to fund building the needed infrastructure for Fair Ninja as well as incentivize users, Fair Ninja will holding an ICO to introduce its Yoshi coin starting in Q2 2018.
The Initial Coin Offering will consist of two phases: Pre-sale and crowdsale. Hard cap for pre-sale is USD $7M (87,500,000 tokens). If presale doesn't reach its cap, the remaining unsold tokens will transfer to the crowdsale cap. If crowdsale doesn’t reach its cap, remaining unsold tokens will be burned. Hard cap is set to USD $23,250,000 while the soft cap is USD $5,000,000.
Two percent is reserved for bounty and referral programs. 3% will be given to our advisors and their coins will be locked for 12 months. The team will receive 15% of coins, and coins will get locked up for 12 months. 10% is reserved for our current and future partners. 20% is the reserve found for future ideas, development and business movement. 50% will be available during the token sale.
- Token Symbol: YSH
- Token Price: $0.1 = 1 YSH
- Total Supply: 500Million YSH
- Token Standard: ERC20
- Soft Cap: 5,000,000 USD
- Hard Cap: 23,250,000 USD
Trading goods have been ingrained in our civilization since its inception. The Internet brought the entire world's marketplace at your doorstep and now cryptocurrency is adding a whole new dimension to it. Fair Ninja can become a household name for crypto enthusiasts if they develop their business correctly.
More information about them is available on fairninja.com/