CRE tokens are going to be used for a number of things within the Carry Protocol
Carry is a platform that connects offline merchants and consumers using blockchain. Using Carry Protocol, merchants will be able to issue Branded Tokens (BT) which serve similarly to loyalty points. Users can earn BTs simply by providing their phone number to the merchants when making a purchase. Users can also earn CRE tokens or coupons when taking advantage of promotions or selling their personal data to advertisers/merchants.
There are two main components of the Carry Protocol, their blockchain and smart contracts solution, and their Carry Wallet and Carry Device APIs. The Carry Wallet will be the main hub for the consumer, where the can scan stores’ QR codes, make payments, and, if they choose, share their data with advertisers for compensation in the form of CRE, and BT that they receive from specific advertisements. The Carry Device APIs will be for the store’s end of things to provide support for in store devices, which will allow said devices to interact with the Carry Wallet, send it data, and BT.
For the backend, there will be the Carry Protocol blockchain, on which transaction data is stored, and will be interacted with when a customer makes a purchase, noting what they’ve purchased, the price, etc. This data will be strictly accessible by the customer in their Carry Wallet.
The team is also developing smart contracts that will be responsible for handling any automatic payouts/token transactions, and will also be used for minting BT for specific stores to use as loyalty points.
Consumers will be able to pay for services and goods with both crypto and fiat, but still benefit from the Carry Protocol even if paying with fiat. They will be able to scan a QR code, or share their device phone number and receive the same promotional deals or BT as if they were paying with crypto.
How advanced is the project?
Carry Protocol is founded by the team that established Spoqa, a brick-and-mortar rewards platform in South Korea. Spoqa currently has customer-facing tablets in 10,000 Korean stores with 15 million consumers.The graphs below show the user base and check-ins of Spoqa since the company started in 2011.
The Carry Service is planned to launch on these tablets through an update that will only take a few minutes for merchants. The team plans to launch their testnet by Q4 2018 and have the system up and running in the second half of 2019.
The rest of the current roadmap is summarized as follows:
- Q3-Q4 2018: Smart contract and protocol API
- Q1-Q2 2019: Reference wallet and reference point-of-sale
- Q3-Q4 2019: Production wallet and production point-of-sale
- Q1-Q2 2020: Ad management system
What are the tokens used for and how can token value appreciate?
CRE tokens are going to be used for a number of things within the Carry Protocol.On the merchant side of things, there will be a number of functions. To begin, the merchant is going to have to stake a certain amount of CRE for two things: 1) the creation of BT, and 2) their use of the smart contract. Depending on how much is staked, the merchant will be allowed a certain number of transactions/day. Another option here is a pay-as-you-go structure, paying CRE for each transaction.
From there, the tokens will be used as advertisement, incentive, and BT. Advertisers and shops will give/pay out a certain amount to consumers, and the consumers will use CRE or BT to pay for their purchases or receive discounts.
The value of these tokens hinges on the adoption of the project, in terms of users, merchants, number of check-ins, transactions, etc. The more adoption the project has, the bigger the network effect and the more valuable CRE tokens should be.
The Advisors Carry
Simon Kim
Simon Seojoon Kim is CEO and Partner of Hashed, a leading crypto fund based in South Korea. He is a Blockchain evangelist and organizer of Hashed Lounge, a premier Blockchain Seoul meetup community. Prior to Hashed, Simon was a serial entrepreneur and has co-founded numerous companies. He served as Chief Product Officer at Knowre, an ed-tech startup that was named one of World's Top 10 Most Innovative Companies in Education by Fast Company.
Ryan Kim
Ryan Sungho Kim is Chief Acceleration Officer and Partner at Hashed. He is a serial entreprenuer specializing in data analytics. Previously, Ryan founded a mobile app builder serving more than 100 online retailers and sold the company to a unicorn enterprise. Following this exit, he led the algorithm team at the largest recommendation engine company in Korea.
David Park
David Park has over 20 years of experience as a product leader and management consultant for leading companies and firms including Facebook, Nextdoor and McKinsey & Company. Most recently, David worked as a product manager at Facebook, where he led the product team for Facebook’s Mobile App Install Ads, the world’s largest user acquisition channel for mobile apps with annual revenue in the billions of dollars.
Lily Liu
Lily Liu is a Co-Founder of Earn.com, which was acquired by Coinbase. Previously, Lily built China's first private, foreign-funded general hospital, worked at KKR and McKinsey. She studied at Stanford and Harvard.
Darren Lewis
Darren Lewis holds Bachelor's and Master's degrees in Computer Science from Stanford University and previously worked as a Senior Engineer on the Gmail Team at Google. He has since worked in gaming, data analytics, computer vision, and quantitative finance, and spends most of his time these days hacking on AI and distributed systems.
Shaun Djie
Shaun Djie, an alumni of Singapore Management University, is co-founder of DigixGlobal and is also the founder of Ethereum Singapore meetup group - one of the largest in the world with over 6,800 members. DigixGlobal is the first company to conduct crowd sale and live transactions on Ethereum. The company launched DGX gold-backed tokens in April 2018. Shaun is a Technical Committee Member at the IT Standards Committee for Blockchain and Distributed Ledger Technologies.
TOKEN SALE: 24 JUN – 8 JUL
Ticker: CREToken type: ERC20
ICO Token Price: 1 CRE = 0.0079 USD (0.00001538 ETH)
Fundraising Goal: 24,700,000 USD (48,000 ETH)
Total Tokens: 10,000,000,000
Available for Token Sale: 40%
Whitelist: YES (14 JUN – 21 JUN, JOIN )
Know Your Customer (KYC): YES (14 JUN – 21 JUN, PASS )
Accepts: ETH
More Infomation
Website: https://www.carryprotocol.io/Whitepage: https://www.carryprotocol.io/static/docs/Carry_protocol-white_paper%28ENG%29.pdf
Twitter: https://twitter.com/carryprotocol
Facebook: https://www.facebook.com/carryprotocol.io/
Telegram: https://t.me/carryprotocol
Author: Hoangbinmcc
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1330327
