ARAW is a relatively new ICO focused on bringing cryptocurrency to the masses. Launched in 2016, the platform already has a live MVP running on both android and iPhone. They are currently using virtual tokens to facilitate their e-commerce platform but will shift to their blockchain based model after their ICO (Q3 2018).
To learn more about the ARAW token, read our article here.
Token Sale Details
ARAW has minted 5,000,000,000 tokens for their project. They will be selling up to 3,500,000,000 in their various token sales. Currently they are holding their public ICO. During this event, users can purchase ARAW tokens at the rate of 1 ARAW = $.01 usd. Currently (10/14) users can claim a 20% bonus on all tokens purchased! Their public ICO began on the tenth of September and runs until the 9th of November.
Token Sale: 10 September to 9 November
|ICO token price||1 ARAW = $0.01|
|Available for token sale||3,500,000,000 (70%)|
|Whitelist||YES (15 MAY – 30 JUNE )|
|Know Your Customer (KYC)||YES|
|Pre-sale start date||1 JULY|
|Public sale start date||10th September|
|Soft cap||2,000,000 USD|
|Hard cap||25,000,000 USD|
The remaining tokens will be distributed as such.
With the people of the world buying more and more products from e-commerce retailers every year comes an ever-increasing demand for superior payment options. With fast transaction times, incredibly low fees and complete transparency, blockchain solutions provide an interesting, and in many people’s opinion, superior option to traditional payment solutions. ARAW is hoping to bring cryptocurrency to the masses and their medium of choice happens to be e-commerce payments. With a fully functioning MVP they have proven that people will use virtual tokens in order to purchase goods. Now all they need to do is to migrate their existing users onto a Blockchain based system and continue scaling their platform.
The main issue with blockchain based payments is finding merchants that are willing to integrate a new currency into their POS systems and accept an inherently unstable asset as a form of payment. With Bitcoin many individuals were averse to using it as a payment option due to its price volatility. Platforms found ways around this by allowing merchants to instantly convert their BTC into fiat currency as soon as payments were made; but this kind of makes the cryptocurrency payment options a mute point.
What is really needed is a healthy, established cryptocurrency ecosystem where users can buy and sell goods with a stable coin. ARAW will have their own ecommerce marketplace where users can buy and sell goods. Initially ARAW will allow merchants to accept ARAW tokens using a downloadable cell phone app, but eventually, they aim to allow all merchants to accept their currency by instantly converting the token to fiat and letting users spend their ARAW just as they would spend cash with a debit or credit card.
ARAW is currently holding their token sale. The sale is running from 9/10 to 11/9. Currently, users can buy ARAW tokens for $.01 each, with a bonus of 20% for all tokens purchased. They are only accepting ETH and will be going live on exchanges in 2019.