Photo - Cryptocurrency for the International Fashion Industry
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Cryptocurrency for the International Fashion Industry

Ukraine, Kyiv city
Market: Crypto currency
Stage of the project: Idea or something is already done

Date of last change: 11/08/2017
Min investment
$  250.000
0
Total required
$ 600.000
Rating
equalizer 125 from 1000
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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

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

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

Business model

1,5% commission on all B2C, B2B and C2C transactions

Money will be spent on

Product
Marketing
Team

Offer for investor

Join us. We are going BIG.

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)
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video