TIPO Blockchain E-Commerce Platform to Spread Merchant Adoption with No Funds
TIPO Platform Helps Merchants Open Shops with No Startup Capital
TIPO is a new platform that is looking to help merchants that have no startup capital to open shop. As the platform explains, there are three big issues facing the e-commerce market today. Many platforms that dominate the industry focus too much on buying and selling, even though there are many other ways that merchants and customers can benefit. Second, even though market share is growing, it has not met its full potential. Finally, businesses spend too much time and money on “suboptimal logistics and warehousing operations.”
The platform also pointed out that even though many social media platforms have a large user base, the platforms visitors have not been able to achieve their “limitless” monetization potential and they have tried to reach them. TIPO is looking to address this problem by helping social media users make money. To do so, the platform will become the sales agent for the manufacturer and merchants of products they’ve purchased and loved. They’ve also paid money to refer favorite items to friends.
The platform is also looking to provide advantages to e-commerce stakeholders. While it may be easy for merchants to open their own shop without a large amount of startup capital, those who purchase the products would have the opportunity to negotiate optimal prices, receive tokens for loyalty, and benefit from blockchain-based tracking methods designed to mitigate the rate of counterfeit or fake products in the marketplace. As for affiliate marketing, users would be paid when users clock on a merchant’s link that has been shared. Further, businesses shipping products may also reduce the risk of fake orders and benefit from tools that give them the opportunity to “schedule shipping time and route early and efficiently.”
TIPO’s whitepaper indicates that e-commerce businesses have been struggling to achieve a state where they’re able to give users freedom to make online payments, while also ensuring that merchants are promptly paid. TIPO is looking to address the issue by offering “fast and immediate transactions even during weekends or holidays” and it is trying to help retailers receive funds the moment customers successfully complete a transaction.
The startup is also looking to enable small businesses reduce shipping costs so that they can enter the market more easily. The platform recognizes that the concept does not need blockchain, but also points out that the technology provides several benefits. For instance, buyers and merchants can rate one another, there are “guarantees” that payments will be processed accurately and on time, and transaction history will be immutably recorded. Shoppers may also receive discounts and benefits with TPO tokens.
The platform is expected to hold an ICO. The private sale concludes on September 20, the presale is scheduled from September 12 to October 9, and the Initial Coin Offering will take place from October 10 to November 10.