[ANN][PreSale]🔵 Share and Token Offering - Smarts Scan&Go - Shop with Crypto🔥

[smartsofficial]

Smarts STO has ended.

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[smartsofficial]

Hello, great news for you. Your ICO https://icoholder.com/en/smarts-24865 was listed in the largest listing -  icoholder.com. Congratulations! At the moment your project is unrated (N/A). You can edit your Page by adding more information about your ICO after verification and also verify team members.

Well, that's mighty nice of you, thanks a bunch.

[maitseasi]

What will be the use of Tokens, are they going to have any value after the launch?
Rally interesting project though, will keep an eye on it.

[holydarkness]

I believe several countries already has this "technology" where customers can scan items they're buying directly from a scanner attached to the cart, and on the checkout counter, they just need to review their total value and conclude the payment which will directly debited or credited from their bank account. Never really meet the stores, but I watched some practice on Japan market and some said Germany also has this.

So, what differentiate you from them?

[smartsofficial]

I believe several countries already has this "technology" where customers can scan items they're buying directly from a scanner attached to the cart, and on the checkout counter, they just need to review their total value and conclude the payment which will directly debited or credited from their bank account. Never really meet the stores, but I watched some practice on Japan market and some said Germany also has this.

So, what differentiate you from them?

That's a really good point you are bringing out here. There are many analogous sytems out there but most of them use special hardware for it and whats even worse is that almost all store chains try to build their own Self-service platform basically from scrach or on outdated tech and methods.

There are countless of stores using those scanners you mentioned, but why should we use extra hardware, if we have our phones?

In China, there are cashierless kiosks, where you can use your phone to pay for the products but traditional stores cant really implement this system.

In the US, Sam’s Club, is currently using their own custom build system thats gaining popularity, a system that basically works the same way as ours, but its not in any way standardized and really difficult for other stores to connect themselves with this system even if it were made available to others.

The main issues come down to the developing and integration costs as well as implementation time. Smarts has built something that is really easy to integrate and quick to set up, so even a small store can use it because of its cost-effectiveness.

Furthermore, we give the stores another method of payment to accept - cryptocurrencies. All the risks of crypto are covered by us - we will take the crypto form the customer and the store will get their money in fiat from us.

So in a nutshell:

• Very quick implementation
• standardized system that any vendor can use in a matter of hours
• cost-effective
• supports crypto

We've actually heard alot that "i've heard this thing in use somewhere", but never have they actually used it themselves.

[holydarkness]

[...]
So in a nutshell:

• Very quick implementation
• standardized system that any vendor can use in a matter of hours
• cost-effective
• supports crypto

We've actually heard alot that "i've heard this thing in use somewhere", but never have they actually used it themselves.

Which in a nutshell, your point of difference with existing tech applied in Lawson or, as you supplied the information, Sam's Club, is that your system will not discriminate stores by making them exclusive and only available for, let's say, IKEa or Wallmart chains, but even Papa Grimo's Mart that sat on the corner of our neighborhood can also adapt this?

Regarding your "heard a lot of ...", I'm not sure what you tried to say with this, but I am sure the limited amount of people who actually have tried and could point out their UX on the application is simply because the tech is on experimental phase and yet to be applied worldwide on the said chain.

This matter, however, erect another question on my mind. Your competitor, Panasonic and Amazon, already on their trial phase, and it is not impossible that they are ready to launch the system worldwide in a very near future. While your project is still on their funding phase, they will need to get through the system building, tests, etc. isn't this means you're very far fall behind?

[smartsofficial]

Which in a nutshell, your point of difference with existing tech applied in Lawson or, as you supplied the information, Sam's Club, is that your system will not discriminate stores by making them exclusive and only available for, let's say, IKEa or Wallmart chains, but even Papa Grimo's Mart that sat on the corner of our neighborhood can also adapt this?

That is completely right, my good sir. Since our platform does not ask the vendor to have any real hardware other than a server from which Smarts can broker the product details, even a small convenient store can start using it. Our main goal is to make Scan&Go available to all vendors and to make crypto an everyday currency by allowing it to be used on our platform.

Regarding your "heard a lot of ...", I'm not sure what you tried to say with this, but I am sure the limited amount of people who actually have tried and could point out their UX on the application is simply because the tech is on experimental phase and yet to be applied worldwide on the said chain.

It's been 'experimental' for a long time now. The main problem being that there have been no developers to build a standardized system to fit all the different Store systems, so development and implementation costs for one chain get massive. And since it is not a critical thing for stores to have it, they've yet to succesfully make a world-wide appearance.

This matter, however, erect another question on my mind. Your competitor, Panasonic and Amazon, already on their trial phase, and it is not impossible that they are ready to launch the system worldwide in a very near future. While your project is still on their funding phase, they will need to get through the system building, tests, etc. isn't this means you're very far fall behind?

If by Amazon, you mean their cashierless 'Go' stores, then that is a system which can be affordable only to a crazy small amount of vendors due to its hardware costs, if they even make it available to other chains.

You are right about possibly being behind, but that does not mean all stores across the globe will be able to implement those analogous systems at once, especially with the need for special hardware. Besides, getting there second isn't always a bad thing - its usually the second mice which gets the cheese : )

But in any case, with the way we've buil our platform, entering the market will be possible in a year and a half after gaining enough investments.

[nanes7]

Is there any upcoming bounty campaign ?

[dzkrb1966]

So you write that by going to the store, using a smartphone, a barcode on the product and your platform, you can pay for the goods of crypto. Will these be special stores? All stores want Fiat.

[Nagasaki]

With Smarts it will be possible to make purchases using cryptocurrency, while using your own mobile phone, very cool! What is the minimum amount to invest?

[smartsofficial]

Is there any upcoming bounty campaign ?

Yes there will be, we will announce it here and let you know when it will be happening : )

With Smarts it will be possible to make purchases using cryptocurrency, while using your own mobile phone, very cool! What is the minimum amount to invest?

You are very correct. The minimum amount would be 100 (SMT's) which would be about 0.076 (ETH). But, if you invest at least about 12 ETH, then you will get company shares and will profit directly from everything Smarts earns in dividends.

And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.

[maitseasi]

And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.

How can price be lower then on pricetag? Only with crypto?

[smartsofficial]

And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.

How can price be lower then on pricetag? Only with crypto?

Very good question. Since the platform is free to use for the end-user, all expenses will be covered by the vendor. So, when a vendor accepts cryptocurrency, they will also cover the transaction fees. But, if you have SMT's, you can use them to cover the transaction fees yourself and so, your purchase will be cheaper.

So you write that by going to the store, using a smartphone, a barcode on the product and your platform, you can pay for the goods of crypto. Will these be special stores? All stores want Fiat.

Thats a solid point there, dzkrb1966.

This is how the payments will work:


Smarts will cover all the risks of accepting crypto (if the vendors dont want to deal with crypto) and will pay the Vendors with FIAT. So, the vendors will get FIAT but also the customers will get to use crypto as a payment method for their everyday shopping.

[holydarkness]

And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.

How can price be lower then on pricetag? Only with crypto?

Very good question. Since the platform is free to use for the end-user, all expenses will be covered by the vendor. So, when a vendor accepts cryptocurrency, they will also cover the transaction fees. But, if you have SMT's, you can use them to cover the transaction fees yourself and so, your purchase will be cheaper.

So you write that by going to the store, using a smartphone, a barcode on the product and your platform, you can pay for the goods of crypto. Will these be special stores? All stores want Fiat.

Thats a solid point there, dzkrb1966.

This is how the payments will work:
~image snip~
Smarts will cover all the risks of accepting crypto (if the vendors dont want to deal with crypto) and will pay the Vendors with FIAT. So, the vendors will get FIAT but also the customers will get to use crypto as a payment method for their everyday shopping.

Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?

[smartsofficial]

Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?

Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.

Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.

The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.

[yura04071989]

Today, a lot of scams that are trying to raise money and disappear. Therefore, each ICO must be carefully examined. Question.
Where are the links to the LinkedIN development team? Twitter account made recently, where is the link to GitHub?
Publish please all this data to remove suspicion.

Domain Name: SMARTS.STORE
Registry Domain ID: D67677524-CNIC
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: https://www.godaddy.com/
Updated Date: 2018-06-29T09:04:20.0Z
Creation Date: 2018-05-16T19:45:02.0Z
Registry Expiry Date: 2019-05-16T23:59:59.0Z
Registrar: Go Daddy, LLC
Registrar IANA ID: 146
Domain Status: clientRenewProhibited https://icann.org/epp#clientRenewProhibited
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited https://icann.org/epp#clientUpdateProhibited
Domain Status: clientDeleteProhibited https://icann.org/epp#clientDeleteProhibited
Registrant Organization:
Registrant State/Province: Harjumaa
Registrant Country: EE

[smartsofficial]

Today, a lot of scams that are trying to raise money and disappear. Therefore, each ICO must be carefully examined. Question.
Where are the links to the LinkedIN development team? Twitter account made recently, where is the link to GitHub?
Publish please all this data to remove suspicion.

That is true, you can never be too careful in this world, so thank you for pointing out those issues.
The linkedin accounts you are correct, are very much missing but not for much longer. Until then though, I will post them here:

Kristo Truu, CEO
Ilja Andrejev, CTO
Glen Madis, CFO
Hendrik Jaanre, CMO
Oliver Oidekivi, Q&A Specialist
Karla Ribelus, Head of Design

Concerning the relative freshness of our twitter and webpage - until those moments we were heavily in the phase of development, with all of our rescources going int o creating the working prototype you can see in the following video: https://www.youtube.com/watch?v=TzZUhVReegk

And about github, we are not in any way an open source project, so as a company we have no code to share with the public, yet.

Thank you for pointing out those issues, were our answers satisfactory?

[smartsofficial]

We are happy to announce our bounty campaign starting, more info at the bounty thread!

[holydarkness]

Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?

Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.

Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.

The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.

So, to sum up your answer,  in case of token rate changing up to few points during the process of selling/buying/payment transaction between seller and buyers, you will handle the price gap with the money you got from trading profit and transaction fee?

This transaction fee, I assume shall be billed to the end-user?

[smartsofficial]

Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?

Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.

Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.

The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.

So, to sum up your answer,  in case of token rate changing up to few points during the process of selling/buying/payment transaction between seller and buyers, you will handle the price gap with the money you got from trading profit and transaction fee?

This transaction fee, I assume shall be billed to the end-user?

You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.

[holydarkness]

Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?

Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.

Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.

The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.

So, to sum up your answer,  in case of token rate changing up to few points during the process of selling/buying/payment transaction between seller and buyers, you will handle the price gap with the money you got from trading profit and transaction fee?

This transaction fee, I assume shall be billed to the end-user?

You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.

Vendor as in to the owner of the store where the buyer buy the items or as in the manufacturer of the items?

[smartsofficial]

Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?

Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.

Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.

The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.

So, to sum up your answer,  in case of token rate changing up to few points during the process of selling/buying/payment transaction between seller and buyers, you will handle the price gap with the money you got from trading profit and transaction fee?

This transaction fee, I assume shall be billed to the end-user?

You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.

Vendor as in to the owner of the store where the buyer buy the items or as in the manufacturer of the items?

The vendor, as in the store who sells the items, yes : )

[kemancok]

Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?

Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.

Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.

The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.

So, to sum up your answer,  in case of token rate changing up to few points during the process of selling/buying/payment transaction between seller and buyers, you will handle the price gap with the money you got from trading profit and transaction fee?

This transaction fee, I assume shall be billed to the end-user?

You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.

Vendor as in to the owner of the store where the buyer buy the items or as in the manufacturer of the items?

The vendor, as in the store who sells the items, yes : )

hopefully there will be many who use crypto from now on, and the team will work hard to promote this project well so that there are many people who are interested and many use it.

[holydarkness]

~snip~

You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.

Vendor as in to the owner of the store where the buyer buy the items or as in the manufacturer of the items?

The vendor, as in the store who sells the items, yes : )

How do you plan to keep the vendors from billing the buyers of those transaction fees? It's not an impossible scenario where the sellers decide to reap better profit by subjecting those (or any fees involved) to the buyers by increasing the product price.

[smartsofficial]

~snip~

You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.

Vendor as in to the owner of the store where the buyer buy the items or as in the manufacturer of the items?

The vendor, as in the store who sells the items, yes : )

How do you plan to keep the vendors from billing the buyers of those transaction fees? It's not an impossible scenario where the sellers decide to reap better profit by subjecting those (or any fees involved) to the buyers by increasing the product price.

This would only be an issue, if the cryptopayments were more expensive than fiat ones but since cryptopayments are cheaper (no middle-men such as mastercard or visa taking their share + the upkeeping of POS bank terminals) there will be no reason for the sellers to add extra price to the products. To be fair, for those vendors who do not wish to receive cryptopayments directly, form them Smarts will be the middle man who takes care of crypto and will return fiat to the seller. But even those costs will be less than half of what they are paying right now.

So in a nutshell, Vendors will have no need to increase the pricing.

[smartsofficial]

Yesterday, Smarts was among a few others at a "Future of Finance" event, many of the participants saw cryptocurrencies as a part of our future.

[holydarkness]

How do you plan to keep the vendors from billing the buyers of those transaction fees? It's not an impossible scenario where the sellers decide to reap better profit by subjecting those (or any fees involved) to the buyers by increasing the product price.

This would only be an issue, if the cryptopayments were more expensive than fiat ones but since cryptopayments are cheaper (no middle-men such as mastercard or visa taking their share + the upkeeping of POS bank terminals) there will be no reason for the sellers to add extra price to the products. To be fair, for those vendors who do not wish to receive cryptopayments directly, form them Smarts will be the middle man who takes care of crypto and will return fiat to the seller. But even those costs will be less than half of what they are paying right now.

So in a nutshell, Vendors will have no need to increase the pricing.

I'm sorryx I reviewed your conversation back on previous page and I realized that you explained this transaction fee to maitseasi, and said that customer can have an option to may for the transaction fee and make their purchased items cheaper. And you informed me that the tx fee shall be billed to vendor. I got.confused

And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.

How can price be lower then on pricetag? Only with crypto?

Very good question. Since the platform is free to use for the end-user, all expenses will be covered by the vendor. So, when a vendor accepts cryptocurrency, they will also cover the transaction fees. But, if you have SMT's, you can use them to cover the transaction fees yourself and so, your purchase will be cheaper.

[kemancok]

Thank you for the address you provided. I will read and study again and will ask you if there is something that feels odd, fighting and good job, thanks.

[holydarkness]

It's funny that I tried to recall this certain project these last few days with "what was the project about smart shopping cashless automated something that I had a discussion with several months ago?" and this thread bumped out of nowhere abd saved my time.

Is this project still even going? Their thread seems abandoned.