[ANN][ICO] 🌐 PROCUREAN 🌐 Blockchain-driven procurement network based on trust

[ICOs]

What kind of fees can be expected to be applied when the final application is released? I assume all the critical logic is going to be based on smart contracts, correct?

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[ziga.v]

In case the companies use procurean, they still will need to sign the paper documents, or electronic versions will be just fine?

No, one of the main goals of Procurean network is to remove trade barriers between participating businesses and lower transaction costs to a minimum. Procurean will generate and exchange documents in accordance with GS1 standards between participating parties. Businesses can choose to exchange paper documents additionally, but this won't be needed. Document storage will also be reinforced with blockchain technology.

[ziga.v]

What kind of fees can be expected to be applied when the final application is released? I assume all the critical logic is going to be based on smart contracts, correct?

The initiator of the smart instruments (various procurement and inquiry scenarios) has to sign the contract with his private key to authenticate the deployment. To be able to deploy the smart contract, the initiator (buyer in most cases) has to pay the GAS fee. There is no extra fee charged on top of the blockchain fee required by Ethereum.

[ziga.v]

Have you already raised any money during private distribution stages?

Hi, the private sale is currently on-going, and we've recently successfully completed our seed investment goal.

[Nina_Procurean]

is your platform free to use for buyers and sellers? also do you have sellers that signed-up on your platform? more sellers means more chance of buyers to use your platform

Hi, the platform is free to use for buyers in general, and sellers pay a very small fee relative to the inquiry worth for each bid they place. Usually, it's the buyers who we pitch to first, and when buyers start to source items with inquiries on the platform, sellers join to place their bids. It's a business opportunity exempt from any marketing or sales costs that they otherwise wouldn't have access to and it doesn't make much economic sense for them not to join. Larger enterprises who decide to use the platform (these are businesses that we sell to door-to-door or through our ERP partners) also bring with them a large pool of their existing vendors that get onboard, and who at first only participate at auctions (inquiries) of the buyer who invited them, but soon reach out to other buyers who source similar items and products. There is a big incentive for buyers to start using Procurean, because automating and optimizing non-optimized procurement can result in lower procurement costs (up to 30% on non-optimized purchases) and lower transaction costs (up to 90% by automating human work).

thanks for the detailed response. building such platform would take time as you need to gain loyal buyers also. but once it takes off and your customers are satisfied they will bring more customers as word of mouth is a good marketing technique

I suppose that since Procurean is based on already operating Gepom, and that they will first launch the platform in their domestic market, it will be easier to bring the initial number of buyers and sellers.

That is correct. Gepom was created and focused on Slovenian market. Existing Gepom users, such as Gorenje, Unior, Slovenijales Hobby, Inpos and Thermana Laško to name a few, will be the first invited to join the platform. Furthermore, registered alpha version users will be invited to join the platform as well.

If you would like to know more about Gepom, you can also check out Gepom's website:
https://www.gepom.com/public/index.jsp

[Nina_Procurean]

Can you describe the advantagies or reasons for investors to purchase the PAN?

Sure! Procurean's potential is really high since the industry we are entering is really big.
Here are three surprising facts:
- International trade represents more than 60% of the global GDP.
- 42 million business across the globe.
- We are tapping into 27 trillion $ revenue per year business.

If you would like to discuss this topic further you can join our Telegram group: https://t.me/procurean/

[Crt_Procurean]

It remains unclear to me how the PAN token functions as an escrow? because naturally the things like this are very liked by the buyers / sellers due on so many fraudster in this present.

I suggest you read our article on why PAN token is the vital component of the Procurean network, and how exactly PAN tokens will be used, including escrow.

Link to the article: https://medium.com/procurean/what-pan-token-can-be-used-for-c0a8e74a96a0

[Nina_Procurean]

The main PAN utility will be to place the bids on the auctions?

Hi! Placing the bids is just one among other utilities of PAN token. Apart from bidding, PAN token can be used also for disputing, guarantees and escrow.
You can learn more about it in our Medium post: https://medium.com/procurean/what-pan-token-can-be-used-for-c0a8e74a96a0.

[Nina_Procurean]

This could be very promising, good luck guys!!!

Hi,
thank you for your support
Sign up for our newsletter to stay updated!

[Nina_Procurean]

New project with the EXCELLENT concept

I'm sure they will have a great support from the crypto community

Thank you for your support! Sign up for our newsletter to stay updated and see how we will realize our project

[Nina_Procurean]

I see why the SME companies will join the platform! But how about bigger entertprises?

There is a big incentive for buyers from large enterprises to start using Procurean, because automating and optimizing non-optimized procurement can result in lower procurement costs (up to 30% on non-optimized purchases) and lower transaction costs (up to 90% by automating human work).
If you would like to discuss this topic more in-depth, join us in our Telegram group: https://t.me/procurean

[Nina_Procurean]

Will be there any safety tools so that the companies couldn't lower their competitors rating?

Hi!
In case of disagreement with a given rank after a transaction, the disagreeing party can issue a dispute. Businesses opening a dispute on the network have to provide enough PAN tokens to fuel the dispute by rewarding businesses invited to the resolution process. The amount of required tokens is summarized from a fixed amount and an amount relative to the estimated inquiry value. These tokens incentivize potential resolutioning businesses to join the resolution process.

You can read more about it in our whitepaper on page 22: https://mk0procureannetyd833.kinstacdn.com/app/uploads/2018/05/Procurean_WP-1.6_2018-05-23-1.pdf

[Oleg.Cheburek]

Do you plan to visit more events like Podim?

[Oleg_93]

Will be there any safety tools so that the companies couldn't lower their competitors rating?

Hi, yes! The business can issue a dispute on the Procurean network if they feel they've been given a wrongful evaluation. The network uses a pre-determined algorithm of trusted partners who then vote with a qualified majority vote to confirm or reject a given evaluation.

Seems secure enough!

[KAZAKOV.TOM]

Your trust rate formula looks very realistic, I guess it'll work well.

[Nina_Procurean]

Do you plan to visit more events like Podim?

Hi, of course!
Join our official Telegram to stay updated about news and upcoming events: https://t.me/procurean_news

[Alexbzzzz]

When do you plan to start the ICO?

Hi! The start date of crowdsale will be on 16.09.2018. Sign up for our newsletter to stay updated!

You're starting the preparation early, that's excellent for the project))

[Nina_Procurean]

Hello! When the pre sale starts? Will you make a discount or bonus?

Hi!
The pre-sale starts on 30.08.2018 and the bonus is 20%. Sign up for our newsletter to stay updated!

[Vladimir.eth]

As far as I know, the international trade, shipping and logistics are enourmous industries, and there will be great demand for infrastructure services like Procurean!

[Nina_Procurean]

Please, can you make any videos with the team?

Hi! We are planning on filming some videos with the team. Join our Telegram group to stay updated: https://t.me/procurean