Coolomat is a network of cooling Click & Collect pick-up point devices. The Coolomat Market is an innovative online marketplace which provides the platform for global e-commerce and approaching the markets locally. It facilitates for the direct sale between producers and the customers. Blockchain and open source technologies and a network of Coolomats are used in the Coolmat Markets.
Though there is an online facility to grocery market, it has been slowly adopted in the past few years. However, in the modern society it is around to change by giving a rise to the on line grocery market. If it wants to go forwards, there are some loopholes to be resolved. Those problems can be identified as,
- The last-mile delivery challenge
- Domination of big brick & mortar retail chains (Retailers get the lowest price from the producers but they do not distribute that lowest price benefit to the end customer)
- producers have no or limited direct access to the consumers
- Producers have lack information about the way, distance, storage or length of transportation of the goods that required until it deliver to the end customers
- Producers do not get important feedback from the customers to improve the product in a way that they want
- Challenge in providing low temperature
However the modern grocery market drastically changes from the past due to,
- changes in consumer behavior
- entering new products into the market
- changes in technology
Coolomat market would be able to address all these problems and changes made in the grocery market by providing,
- a decentralized platform- It facilitates to sell the producer’s products directly to the end customers
- logistics to fulfill the sales in an easy way-(fast delivery by using Coolomat Click & Collect devices)
- high quantity sales and decent margins
- eco-friendly and healthy products to the end customer at a lower price
- direct access to high quality product of the suppliers while providing transparent product lifecycle
- a platform to the suppliers to optimize their revenue compare to the conventional grocery market while providing higher quality products to the customers.
- Platform for cooling and freezing products
Followings are the main pillars of eco system.
- Coolomat market – It is a paradigm for new online grocery sale
- Click & Collect network – It has solved the last mile delivery challenge
- Fulfillment center - It provides direct delivery to Click & Collect point
- Supply chain on blockchain - It provides traceability and transparency
Following processes can be identified as Coolomat market ecosystem processes.
- Purchasing groceries
- Selling groceries
- Delivery of purchased groceries
- Consumer experience and quality reviews using smart contracts
This project uses CMK as their Token. It is a utility Token.The Token standard is ERC-20. The softcap and hard cap is identified as respectively, $500.000 USD and $40 million. 25% of CMK is offered as Presale bonus. Minimum distribution of CMK is recorded as 2 ETH and 0.1 ETH respectively for presale and crowdsale where maximum contribution per investor is 1,000 ETH. 60% of token from the token issue is available for Crowdsale. That is 425,000,000 CMK. 125,000,000 of CMK tokens are reserved for presale. ETH, BTC, RIPPLE, BCH, LTC, DASH, MONERO are the currencies, accepted at the crowd sale.
The Tokens are expected to distribute in following manner.
- Crowdsale ecosystem development, operations and international expansion – 60%
- Founders and the rest of the team - 10%
- future partnerships and incentive programs on Coolomat market – 20%
- current as also future advisors and ambassadors on new markets - 10%
So raised funds are utilized as follows,
- for technical development costs -30%
- for operations – 30%
- new markets entrance and kick off costs, Click & Collect network expansion - 20%
- logistic services development - 10%
- marketing and promotion – 10%
The Token crow sale will be started on August 2018 and then during the year of 2019 it will release beta to Coolomat Market e-Commerce platform, release production in the Coolomat Market eCommerce platform, integrate the beta supply chain into Coolomat Market, Expand in to two new CEE markets, release beta in mCommerce Coolomat Market and Expand into two new WE markets. In 2020 it will make intercontinental expansion.
The project is driven by a very strong team comprises with a no of experts in the fields of IT, BlockChain technology, law, digital creative designs, Business Intelligence, Community management, retail technology, investment, logistics, electricity utility management, process management and marketing and so on.
For More Information About Coolomat Market:
Official Website: https://coolomat-market.io
Whitepaper: https://coolomat-market.io/assets/whitepaper.pdf?id=7
Telegram: https://telegram.me/coolomatmarket
Twitter: https://twitter.com/coolomatmarket
Facebook: https://www.facebook.com/coolomatmarket/
Medium: https://medium.com/@coolomatmarket
ANN Thread : https://bitcointalk.org/index.php?topic=3293141.0
Post by Anusha
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