FAIRNINJA- THE CRYPTOCURRENCY BASED LIGHTNING FAST E-COMMERCE MARKETPLACE

FAIRNINJA MARKETPLACE

The existing e-commerce marketplaces are inefficient and ineffective to create secure payment gateway for the users. They are vulnerable to hacker attacks and still utilizing slow and obsolete technologies for managing payments for buyers and sellers. The world is changing faster than ever. If any industry has to survive in this rapidly changing environment, then its operations have to be faster to synchronize with the change. But, instead of synchronizing with change the majority of the e-commerce businesses are only improving their platform appearances and product lists. They are not emphasizing on enhancing the speed of transaction for better buying and selling experience. In this situation FAIRNINJA is the only platform which is emphasizing on enhancing transaction speed for making payment system faster for users. Using this platform e-commerce user can now complete their payments instantly and can get instant payment acknowledgement from e-commerce system. The marketplace is also prioritizing the security system of e-commerce database. For that cause the system development team has integrated blockchain within the platform ecosystem. The advantage of blockchain is, it decentralizes financial data through to protect them using unit decentralized blocks encrypted with high level data encryption. As all data are decentralized, hackers or other third parties cannot sort out the specific data they are looking for. Apart from security purpose the blockchain enables the network to connect different users all around the world through a single decentralized chain. By providing such facility blockchain enables FAIRNINJA to be a global scale classified marketplace for buying and selling goods at a reasonable price, online.

HOW IS IT MANAGING PAYMENTS?FAIRNINJA is managing payments with the help of smart-contracts and blockchain. The smart-contracts help to create self-executable preset conditions for the financial contracts which are required for the users to get connected with each other for buying and selling purpose. Whenever a buyer selects a good from FAIRNINJA interface to purchase, they need to connect with the seller for completing the trade chain. A buyer connects with the seller using smart-contract and the smart-contract executes preset standards for their financial contract. Then for purchasing that good the buyer sends payment in cryptocurrency to the seller and the FAIRNINJA system holds the payment until the delivered good reaches the buyer. As soon as the buyer receives the good and acknowledges his receipt, the FAIRNINJA system releases the payment which is bound for the seller. In this whole process if the buyer uses Yoshi Coin for paying the seller then he will be rewarded accordingly by FAIRNINJA.
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Creators notice 5 functions of FairNinja:

Rating system. Customers and sellers receive feedback, which forms their rating in the system. Such an approach increases trust towards counteragent, reduces the number of fraudsters.
A simple interface. Creators of FairNinja are focused on standard online platforms, that’s why order registration and leaving feedback are simple and available to newcomers.
Setting up anonymity. Cryptocurrency wallets encrypt personal data of users, the FairNinja platform offers to pass KYC at the will. Users can sell, purchase, and receive rating anonymously or share personal data.
Flexible payment system. Payments in FairNinja are available with bitcoin, litecoin, ethereum, and its own Youshi coins. There is an exchanger embedded into the system. Users don’t need third-party cryptocurrency exchanges to purchase.
Payment safety. Funds are transferred after an approval of a customer, all costs are stipulated in smart contracts and debited automatically. Such an approach excludes hidden fees, extra costs because of differences in exchange rates.

HOW IT ENABLES LIGHTNING FAST TRANSACTION?The FAIRNINJA ecosystem is the best way to transact cryptocurrency for buying or selling goods through an e-commerce based system. This ecosystem is the most efficient e-commerce in the present e-commerce industry and is providing lightning fast payment processing using modern amenities, like, smart-contract and blockchain. Using these modern amenities especially by harnessing the power of smart contract system FAIRNINJA is enabling self-executable financial contracts where every payment is transferred automatically by following preset conditions. Thanks to this facility the day of traditional FIAT based payment system is requires no more for e-commerce payment. Buyers now do not need to wait long for payment confirmation and sellers can get their payments instantaneously.

How is the ICO of FairNinja going? What will be with the project next?The creators issued 500 million YSH tokens on ERC20 standard, the price of a coin is 10 cents. Good news for investors is that further mining isn’t assumed, the unsold coins will be “burnt”. The team is planning to raise up to $23,2 million (hard cap), the ICO will start in the second quarter of the current year.

The raised funds are planned to be allocated in the following proportion:● 67% - costs of marketing and promotion of the platform;
● 15% - research and developments;
● 10% - salaries for staff members;
● 5% - unexpected costs;
● 3% legal and financial services.According to Roadmap, the work on the project started in January 2018, however, the creation of working MVP is planned in the third quarter. The release of the app for PC and smartphone is planned only in the beginning of 2019, so the team conducts the ICO to raise funds for the development. Such partners as Oglasnik (an agency for promotion in online) and Gauss Development (a developer of software, top 50 in central Europe by Deloitte version) make trust in the project.Details of the tokenThe main ICO will be held in the second quarter of 2018.Mark's name: ReedTicker symbol: YSHTotal: 500 million YSH50%: Token is available for saleSoftkap : 5,000,000 USDHardkap: USD 2,325 millionICO transfer pricing tokens: 0.08 USDICO Token Price: 0.1 USD

CONCLUSION

There is no doubt that, efficiency is one of the most crucial attributes required for financial transaction. Without ample efficiency it is impossible to maintain the growth rate of a system. The world e-commerce is currently running on an obsolete and slow technology. If situation continues then soon the e-commerce market will lose its reliability and people will stop using e-commerce for buying and selling goods. And to resolve this situation there is no better platform than FAIRNINJA which can provide efficient e-commerce service as well as data security at the same time and through a single ecosystem. FAIRNINJA is powered by blockchain and integrated with smart-contracts. This platform accepts popular cryptocurrencies for managing payments for all kind of goods. What is more, it has its own cryptocurrency for payments. So, using FAIRNINJA is the best idea to purchase goods online. Because the facilities this platform is providing are far more efficient and effective for buying or selling goods through an e-commerce based facility.
FAIRNINJA is essential for ensuring the sustainability of global e-commerce industry. The company is still growing and its project still has a long way to go. So, invest on this project and become a part of a new e-commerce revolution. The project’s token sale is in its private sale phase. To purchase their token Yoshi Coin feel free to visit, https://www.fairninja.com/private-sale.

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