I was surfing through the internet today, curious about the world of E-commerce. It’s not my fault; I’m trying to expand my revenue sources and someone suggested E-commerce as a lucrative option for me. I took his advice and during the course of my research, decided to check out the problems plaguing E-commerce. I did this because I’m one to gauge everything in view. While researching the issues in the E-commerce world, I came across what was referred to as E-commerce fraud and dug deeper. I discovered every fraud took 5.65 cents out of every $100 spent on E-commerce and over a million dollars had been lost through E-commerce fraud. I’ve witnessed issues like hacking and phishing by ‘carders’ hit a few of my friends and I could quite relate with the fraud part. These ‘carder’ guys just phish your CC details and order from online websites using your balance. It’s really horrible.
While surfing through the fraud problem of E-commerce, I came across an ad relating to E-commerce. It was called Omnitude. I read through the website and a wide smile came to my lips. It related exactly to what I was reading.
What is Omnitude?
Omnitude is the project that will eliminate E-commerce fraud by integrating the Blockchain into E-commerce. The best thing about Omnitude is that it won’t have to dismantle anything about the current E-commerce world as it’s integrating its change. It offers merchants and customers the option of not having to lose even a cent to E-commerce fraud. For the customer, it offers a single identity thereby halting identity theft and the use of another person’s credit cards. For the merchant, it reduces the use of credit cards and fraudulent chargebacks.
It’ll also serve as a relief for having to store crucial data about their users. This data when hacked by unscrupulous people, could be used for various corrupt things ranging from selling the credit card information to using it for buying goods or services online. All this will be started with the launch of the Omnitude ECOM token. Omnitude also offers much reduced costs for transactions. Merchants are mandated to pay monthly fees for their payment gateways. Omnitude will replace that with lower Blockchain transaction fees.
Omnitude was featured on Forbes. You can read the article here
Benefits of Omnitude
- Reduced cases of identity theft fraud to customers by giving a single identity and single reputation
- Reduced cases of chargeback fraud by reducing the use of credit cards
- A tracker app to ensure tracking of the item purchased
- Reduced transaction fees for the merchant
The Pre-Sale starts on January 30, 2018 and ends on the 12th of February, 2018. The token sale starts on the 28th of March, 2018 and ends on the 31st of May, 2018. The total token supply will be 55,000,000 ECOM tokens. Its aim ERC20 token and is on the Hyperledger platform. The token sale cost will be 0.46$ per ECOM. The aim is to reach a hard cap of 20.7 million USD with a 50k$ USD limit per person
Omnitude Token Distribution
The team and advisors will take 12% of the token sale, 50% goes to the token sale investors, 33% to the Omnitude foundation and 5% to the Pre-Sale investors. The token sale proceeds will be divided as follows; 5% to the Omnitude Research and Development, 60% to the Omnitude platform, 10% to Business Development, 20% to Marketing and 5% to Legal Fees
Visit the links below to get more information about Omnitude
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2037035