a
The ecommerce sector is growing at a rapid pace, projected to double by 2021, achieving a global market cap of $4.4 trillion.
The fundamental purpose of any currency is utility. Utility beyond trading is a must to ensure a long-term healthy economy for any currency. STRAKS seeks to position itself as the currency of choice for ecommerce businesses in the future.
To realise STRAKS’ vision of widespread adoption in the rapidly growing ecommerce sector, focus will be applied to delivering products that reduce implementation barriers for businesses; eventually making it a plug & play solution - completely eliminating any need for extensive technical expertise.
Due to ownership and access rights being centralised, investors and business partners are often at risk, as the blockchain’s survival and reputation predominantly depends on a single individual. With STRAKS, great measures have been taken to ensure that users investments and long-term interests are never dependent on a single individual, but rather a large group. All access levels, even to the blockchain, is distributed and decentralised in a safe manner.
To ensure maximum utility efficiency for the ecommerce sectors, transactions need to be rapid and future-proof. With large SegWit blocks and Lightning Network compatibility, combined with 60-second block intervals, users are able to send and receive STRAKS payments in an instant, even as the blockchain grows. STRAKS is therefore positioned to be able to rival even the most traditional transaction methods on the market today.
Safeguarding investors and business partners is a key priority. With Zerocoin protocol STRAKS currency will always remain fungible, regardless of past transaction associations. This strengthens and protects users’ investments and STRAKS’ long-term market position.
A nominal 5% fee on coin minting is automatically applied and transparently collected. This ensures that STRAKS is self-sustainable and well-funded throughout its entire lifecycle. This fund will be utilised to support product and business development, as well as ongoing operational and marketing expenses as the project expands and grows.
To fully be able to benefit from collective innovation, STRAKS has been open-sourced. This means that anyone is able to help build and grow STRAKS for the future. This enhances the speed of product innovation and helps to strengthen STRAKS’ long-term market position by being able to deliver products and features at a faster rate than its competitors.
STRAKS recognises the importance of the community as a representation of the end-users and overall market. The team will always attempt to collect feedback and suggestions from the community, ensuring that the most relevant contributions are stored and considered. STRAKS-Vote will furthermore give the community additional power to help build and grow the STRAKS economy, giving the community the opportunity to be part of its long-term success.
Straks
Bitcoin
Bitcoin Cash
Dash
ZCash
Vertcoin
Using conventional established payment methods, such as VISA or Paypal, most business owners have experienced fraudulent chargebacks, resulting in irreversible loss of revenue. With STRAKS this is a thing of the past. Once a payment has been sent and received it is no longer reversible by the payment provider. This gives the business owner full autonomy to analyse and determine when a legitimate claim has been made. Transactions can be manually reversed at the vendor’s discretion.
With integrated SegWit and Lightning Network, combined with fast 60-second block times, STRAKS payments are swift and immediate. This allows STRAKS to rival even the most established payment methods in the industry, without the need for third party facilitators.
STRAKS is much more than just another payment provider. Integrating STRAKS as a payment solution will give your business immediate access and exposure to a new and rapidly growing audience. You are guaranteed exposure across all STRAKS communication channels. This increases your brand awareness, possibly resulting in more customers and sales.
Conventional established payment methods often carry high transaction fees, diminishing your margin, making it tougher to compete. With STRAKS there are absolutely no fees to any business accepting the currency for payment. It is completely free, with no hidden fees, for businesses to utilise. Only a nominal fee is added to the end-user when a transaction is made.
The STRAKS team is at your full disposal to assist in integrating STRAKS payments to your business. This is a free service that the STRAKS team provides to all potential business partners. If you would like to hear more, contact us today.
Welcome to the first STRAKS.tech annual review. In what follows, we will provide a brief review, discuss developments and pipeline, and provide some guidance in the form of a roadmap for the project. Denationalisation of money may not be a primary or…
