Hey guys wat's up. I hope u all are fine. Today we are reviewing the hidden gem erc20 token named Storiqa (stq).
What is Storiqa?
Storiqa is a platform that promises to let anyone build an online marketplace using blockchain technology. Basically, it's a customizable ecommerce platform built on blockchain technology. It promises to change the way we shop online.
The platform is catered towards anyone who sells products and services online – including self-employed entrepreneurs, small-scale manufacturers, family businesses, and all types of online retailers. These individuals might already have an online store, or they might want to create an online store to increase revenue.
It’s no secret that blockchain technology will disrupt the e-commerce field. Consumers and businesses are looking for ways to keep up with the changes – but most of them can’t afford to develop an entire blockchain-based store for themselves. That’s where Storiqa sees an opportunity.
Storiqa Coin Features:
Storiqa coin, just a like a good number of cryptocurrencies has a cap on the total number of coins that will ever be in circulation. The maximum supply is pegged at 11,287,544, 272 STQ coins. Currently, there are about 7, 767,544,247 STQ coins in supply.
Storiqa carried out its first Initial coin offering between November 27, 2017, and January 26, 2018. The firm intends to supply 10% to early STQ first purchasers, 15% is to be made available to Storiqa team. The remaining 60% was distributed through the token sale.
The cryptocurrency has a steady supply of coins and accepts both soft and hard coins. One of the digital wallets that the coin is compatible with includes Storiqa Wallet, MyEtherWallet and any Wallet that is ERC20 Compatible as it is an ERC20 token. STQ tokens are to be used for external and internal payments on Storiqa’s marketplace.
Shopping 2.0: Crypto Shopping – Storiqa Features
Storiqa is planning to help businesses streamline their sales processes for the new digital economy with cryptocurrencies and smart contracts. The blockchain powered platform comes with functions that allow vendors to monitor their customer’s activity in a bid to come up with ways to optimize online stores in an effort to meet customer needs.
Businesses will be able to gather, analyze and process customer data through the platform’s built-in tools. Store owners will also be able to receive feedback calls from clients with limited setup time required, thanks to an integrated telephony service. Owners will also be able to save and playback any recorded calls and be able to monitor the performance of call center managers.
In addition, the marketplace is translated into six languages providing business owners a unique opportunity to expand their customer base by tapping foreign markets.
Storiqa stands out in part because it comes with affiliate marketing tool designed to make it easy for vendors to attract traffic to increase sales. It also comes with a transparent review system that ensures fair trading for all participants in the ecosystem.
In addition, it has support for a multi-currency wallet that makes it possible for customers to use their preferred payment option to complete transactions.
Integration of smart contracts should make transactions in the platform extremely fast and secure. The use of smart contracts will also ensure that money only ends up in seller’s accounts on buyers confirming delivery.
Bottom Line
Storiqa is crypto marketplace with the aim of creating a quick-to-setup marketplace for SMEs with minimal financial borders and global transactional fees. Their key features and tools are based on using cryptocurrency and blockchain technology to resolve existing industry problems between buyers and sellers.
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