The working joke about Craigslist is that something and the whole lot could be offered–really the whole lot (authorized). A short Google search yields some intriguing however terrifying outcomes (for instance, see right here or right here). Wish to buy one other human for per week to be a zoo animal? Not an issue. Want some spare stomach button lint? It’s at all times good to have a jar – Craigslist has it lined.
To make certain, on-line websites like Craigslist promote useful companies–automobile washers, canine walkers, or landscapers. However even when used for sensible functions, these websites have their flaws. Aside from the client’s personal discretion, conventional on-line marketplaces have a troublesome time screening real postings from pretend ones. Those who need to rent a helper could be duped by somebody with a made up profile.
Moreover, centralized marketplaces like Fiverr, Etsy, and Upwork take big cuts of the income by way of transaction and transport charges (usually as a lot as 20%). In any case is alleged and executed, sellers are left with shrunken income and patrons have paid hidden surcharges. To record advertisements, potential sellers must pay a excessive one-time charge or an ongoing subscription charge. This understandably discourages would-be sellers from conducting enterprise.
So what’s the reply? Craigslist 2.zero, or a brand new Etsy? Notice fairly. CanYa, a blockchain know-how platform, is seeking to dramatically alter the way in which on-line companies are exchanged. The Australia based mostly firm launched its beta model in December 2016 and has been rising quickly since then.
The Novelty of CanYa’s Blockchain Platform
Blockchain know-how is new, and it’s undoubtedly increasing. Every week a brand new startup is launching a platform utilizing decentralized blockchain know-how in hopes of offering transparency, accountability, and honest pricing. Nonetheless, CanYa’s platform uniquely targets the web market by established what it calls a “cryptocurrency-based autonomous market of companies.”
CanYa is a hybrid blockchain ledger turned service market that enables customers to seek out, e-book, and pay for companies. It is usually a spot the place service suppliers can present worth to potential prospects.
To take part, customers load their blockchain pockets with cryptocurrencies to spend on the platform. They then convert their cash to CanYaCoins. From right here they’re free to seek for and buy quite a lot of companies, starting from healthcare help to digital advertising and marketing recommendation.
The decentralization of the platform implies that sellers work together instantly with patrons. There is no such thing as a intermediary taking a reduce. Patrons immediately pay for native or international companies utilizing CanYaCoins, and their transactions are added to the blockchain.
Different customers are relied upon to analysis and confirm new companies and suppliers, making certain that no false promoting takes place. Moreover, the blockchain ipso facto ends in an auditable historical past of all transactions. Patrons can subsequently be certain that pricing is honest and clear.
CanYa’s blockchain platform ensures that one of the best service suppliers get essentially the most publicity. Thus sellers are inspired to place forth their greatest work and develop their model popularity. Sellers are in a position to differentiate between nice suppliers and mediocre ones–all based mostly upon easy meritocracy.
CanYa’s platform, although powered by blockchain know-how, runs as a full-featured app accessible for obtain via smartphone app shops. With the app, customers can record and buy companies in a seamless, clear method. To this point, there are over eight,000 customers and four,000 suppliers, and the app is rising quickly.
Above all, CanYa offers each sellers and patrons the flexibleness to decide on how they need their companies delivered. Sellers can record companies based mostly upon a one time charge–fixing a broken automobile bumper–or as an ongoing subscription–semi-annual oil adjustments. Patrons can select which service mannequin suits their particular scenario.
However What About Volatility?
Numerous cryptocurrencies have loved huge value appreciation over the previous 12 months. Bitcoin alone is up over 500% from October 2016. However this has come a really excessive danger premium. Bitcoin’s volatility over the previous 12 months (spanning October 2016-September 2017) is a bit of over 75%. That is fairly a little bit of value fluctuation to abdomen, particularly for individuals who use crypto cash to buy companies.
Fortunately, CanYa has a solution. Inside CanYa’s blockchain platform there’s a inbuilt hedge for cryptocurrency volatility. What this implies is that $100 deposited will at all times equal $100 withdrawn. CanYaCoins are uniquely protected towards volatility by its contract, which makes use of the worth of a coin with a confirmed worth as as collateral. Merely put, the worth of the cash are frozen and preserve their “best” properties. The hedge can tolerate draw back danger of zero.eight, with better draw back danger lined partially. So whereas crypto cash endure their ordinary fluctuations, customers can relaxation assured that their transactions shall be accomplished as negotiated.
CanYa’s coin sale will begin on October 15th and shall be used to combine a cryptocurrency fee layer between customers. Funds can even be used to broaden globally, with the worldwide launch scheduled for March 2018. The CanYa 2.zero, which options in-app translation, video calling, and chat-bots, is about to debut July 2018, and a sophisticated matching characteristic will roll out in October 2018.
events can go to CanYa’s web site to take part within the sale. Up to now, the one acceptable coin is Ethereum, however CanYaCoins could be saved in many alternative Ethereum wallets.