Cryptocurrency for the International Fashion Industry
21386

Cryptocurrency for the International Fashion Industry

Ukraine, Kyiv city
Branch: Crypto currency
The stage of the project: Idea or something is already done

Date of last change: 08.11.2017
Min amount of loan
$ 300.000
Estimated yield
15 % a year
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Total required
$ 600.000
Rating
equalizer 257 from 1000
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Also this project:
- conducts ICO
- is looking for investment
Idea
Сryptocurrency for the Global Fashion Industry. It facilitates payments by eliminating exchange rates, commissions, and fees on multicurrency payments
Current Status
Proof of Concept
Market
The global apparel market is valued at 3 trillion dollars, 2% of World’s GDP
940 million online shoppers to spend almost $1 trillion on cross-border e-commerce transactions in 2020 according to McKinsey&Company
Problem or Opportunity
High currency exchange rates and bank commissions and fees on international online/offline fashion shopping for shoppers
High exchange fees/commissions and transaction fees for the international B2B payments within the fashion industry
Excessive corporate expenses for the fashion companies: accounting, taxation, corporate fees, cross-border cross-currency transfers.
Disorganized and dispersed loyalty and bonus systems for international fashion shopping
Disorganized and dispersed sources of Big Data on international fashion shopping
Exchange rate fluctuations and currency inflation hurting fashion companies
Competitors
Non Fashion Industry Cryptocurrencies and product such as Mona.co
Advantages or differentiators
Focus on and expertise in the Fashion Industry
Finance
1,5% commission on all B2C, B2B and C2C transactions
Financed earlier, $
Loan terms
6 months
Interest rate, %
15
Type of pledge
Another
Pledge and assets
Доля в маркетплейсе Shopping Mall и/или в Love&Live Fashion Group.
Business model
1,5% commission on all B2C, B2B and C2C transactions
Solution (product or service)
Single cryptocurrency for the global fashion shopping. No exchange rates, commissions or fees.
Low cost B2B payment instrument for the international fashion industry
Single discount and bonus system on Global fashion shopping
Reduced corporate expenses in taxes, admin costs, accounting, etc. with simple one currency business operations
Rising value of the crypto currency for the fashion industry
Elimination of effects of exchange rate fluctuations and currency inflation for the fashion companies
Single source of Big Data on International fashion shopping
Lead creditor
Risks
Низкие. Есть опыт и команда партенров по проведению успешных ICO.
Incubation/Acceleration programs accomplishment
Нет.
Won the competition and other awards
Fintech Awards from Paypal (Moscow PayPal BattleHack)
Invention/Patent
Videos
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Videos
 
I want to lend
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