Title: [Resallex]: Purchase Local Services w/ Bitcoins Post by: Terpie on March 06, 2013, 06:14:35 PM www.resallex.com (http://www.resallex.com)
https://www.resallex.com/news/ (https://www.resallex.com/news/) Hey guys, check out our new launched startup. I've been involved in bitcoin since I bought in ~2011 (I think). Hopefully, I can give something back to the community now. Resallex offers the ability for consumers to instantly purchase standardized contracts for consumer services, such as snow removal or lawn maintenance. We effectively allow you to order services online MUCH faster, cheaper, and at a higher quality than anywhere else. Who we are: A Cornell-based graduate team out of Ithaca, NY. Personally, I am a JD/MBA student. How does it work? Resallex is modeled off of financial markets, specifically derivatives. Similar to the way you can buy or sell a futures contract, which is simply the trading of a contractual obligation, you can now buy or sell a consumer service contract. Resallex first standardizes the particular service as a contract, specifying quality and permitting the contract to be freely traded. Then, Resallex takes the roll of a market maker, effectively selling the contract to customers through the purchasing process at resallex.com. Since Resallex does not provide services, we must then purchase the same contract from local vetted and pre-screened providers, which exits our position. These contracts are then freely tradable within our exchange, allowing any of our pre-screened and highly qualified providers to service the actual contractual obligation. What are the Implications? There are 3 major implications of our model that, we think, makes it superior to any alternative model of ordering services, whether online or offline.
What are the limitations? There is currently one major limitation: Customization. Customization is the antithesis of standardization, and therefore cannot coexist within our current model. However, as our algorithms and processes increase in sophistication, we may begin offering greater options that appeal to more customers’ needs. If you require a high level of customization, then we currently suggest other options. Our Reach: We are launching within specific areas in an around New York City and Upstate New York. Our reach is geographically limited to the extent providers have successfully navigated the application process and created accounts. We only offer to ‘sell’ our contracts in areas where we have a sufficient number of providers to guarantee we can ‘buy’ the equivalent contract and exit our position. Fortunately, the incentives for providers to create accounts are very high: the service is completely free, every contract is completely discretionary (as in they can always choose to take or reject any of our offers), and the potential for supplemental revenue is enormous. Interested in purchasing & managing your contracts through Resallex? If this sort of service is of interest to you and we currently do NOT offer service in your area, then there are two things you can do to speed up our roll out to your area:
Why Bitcoin? We have always been big fans of market dynamics and lowering transaction costs. Bitcoin offers an interesting alternative to conventional payment methods. While we are not a Bitcoin exclusive service, we do offer the ability to transact with us in Bitcoins at zero premium. The Future We have no intention of limiting ourselves to our current offering of services. We plan to expand into other service industries we deem 'standardizeable' and 'calculable'. We are interested in auto repair, transportation, shipping, auto detailing, and many more. If you are interested in some services more than others, please let us know. www.resallex.com (http://www.resallex.com) https://www.resallex.com/news/ (https://www.resallex.com/news/) Happy to answer any questions you might have. Title: Re: [Resallex]: Purchase Local Services w/ Bitcoins Post by: Elwar on March 06, 2013, 06:24:44 PM This looks quite cool. It sounds like an innovative approach.
Title: Re: [Resallex]: Purchase Local Services w/ Bitcoins Post by: Terpie on March 06, 2013, 07:49:01 PM This looks quite cool. It sounds like an innovative approach. Thank you, we're looking forward to expanding to new area in the coming days and weeks. |