And that’s how I was sitting in the park, minding my business like a typical good citizen when these two guys walked into the park and were talking loudly. I couldn’t help but overhear their conversation and from what I could understand, he was unknowingly directed to a website that was an exact clone of his bank homepage, had his credit card details phished and used to purchase several items online from an averagely popular E-commerce website. When I got home, I got really concerned about it. I have an E-commerce website and would feel bad if phished credit card details were used to purchase from my website.
As I was surfing I came across this token, Omnitude. The token claimed to have the blockchain solution to fraud in e-commerce and being a naturally curious person with the knowledge that the blockchain is a solid source of transparency, I checked them out and this was what I found out about them.
What is Omnitude
Omnitude is an ecosystem that aims to eliminate E-commerce fraud by creating a single identity and single reputation system. This will prevent identity theft and with the launch of the platform’s ECOM tokens, reduce the need for customers shopping with payment cards. And that’s not all! Omnitude not only provides benefits for customers but it also does for us, the merchants. With the adoption of the ECOM token as a payment method, it serves as a payment gateway thereby reducing the normal costs of the current payment gateways most of us online merchants use. Basically, after we calculate losses like chargebacks and count our profits, we realize the payment gateways eat a lot into our remaining meagre profits leaving little for us to call our return on investment.
Issues like scam chargebacks which I’ve experienced on some occasions will also be a thing of the past. For the customer, benefits also include a tracker application to track items the buyer has purchased. Yes, the location and status of the item you’ve ordered to out your mind at ease. Another advantage the Omnitude platform is offering is the removal of the fake review system businesses use to boost themselves and against their competitors. A review will only be made when a customer transacts with a particular 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