Origami Network ICO details
Start Date: 2018-2-13
End date: 2018-2-20
- Site: Origami Network site
- Twitter: https://twitter.com/origami_network
- Facebook: https://www.facebook.com/origaminetworkico
- Github: https://github.com/origamiMP/OrigamiTokenSale/
- Reddit: https://www.reddit.com/r/OrigamiNetwork/
- Bitcointalk: https://bitcointalk.org/index.php?topic=2518802
- Medium: https://medium.com/@origaminetwork
- Telegram: https://t.me/ori_network
Origami Network – A network of decentralized marketplaces
Origami Network is an all-in-one decentralized marketplace platform that solves several existing problems related to online marketplace development and maintenance, escrow payments, and reviews.
Origami network is Blockchain-Powered global solution to build decentralized online marketplaces with blockchain-based escrow payments
We created 2 complementary solutions, Origami Marketplace and Origami Payment.
- Origami Marketplace
- Origami Payment
- Origami Review
This is the easiest way for a business to create its online marketplace. Origami Marketplace is an all-in-one platform for buying and selling goods or/and services online. We will give you more details in this whitepaper below.
A decentralized payment system called Origami Payment, which is powered by the Ethereum blockchain, and ORI, an ERC20 compatible token. It greatly enhances the buying/selling process with decentralized escrow for secure payments, third party dispute resolution, and very low transaction costs
Origami Payment can be integrated into new or existing marketplaces and can also be used in marketplaces that don’t directly handle payments yet. Origami Payment is designed specifically for P2P marketplace transactions where trust between the buyer and seller may be limited.
This is a payment solution developed for both e-commerce and/or online marketplace businesses that want to add a decentralized payment with escrow on the blockchain. We will give to our customers an escrow payment service with very low fees compare to other classic systems (without blockchain and smart contracts)
Origami payment will accept Bitcoin, Ethereum and Origami tokens and other crypto currencies in the future.
The main differences with classic escrow payments are the possibilities with the power of the Ethereum smart contracts technology to automatize the escrow payments management without relying on a third party to control the money and lower fees than other escrow systems.
User reviews have a dramatic impact on the level of trust on marketplaces.
Research proves that one negative review from a buyer, whether justified or not, correlates with an average decrease of the growth of a specific seller’s weekly sales from +5% to -8%.
The fact that reviews hold such power and are largely unregulated provides incentive for both sellers and buyers to manipulate reviews, post fake reviews, delete negative reviews, or post negative reviews on their competitors’ pages.
This is a major challenge of marketplaces as they scale akin to the 5-star problem Uber drivers encounter—skewing results until they are unreliable as metrics of actual service or product.
Origami Review will solve this major problem with a blockchain-powered review system.
Every review is authenticated, and solely users who have conducted a prior transaction can post reviews. They do this by signing with their own private key before posting their review. A smart contract from Origami Review will then authorize the reviews from buyers, solving the review problems that all marketplaces have as they scale.
Origami Reviews will decentralized reviews management and improve the reputation management system of sellers on any marketplaces.