Speed Shopper is a project that provides users with a decentralized database on the location of shops and goods in them. Using the mobile application Speed Shopper, users can reduce the time to make purchases. Also on the platform will be launched reward system, through which users can receive money for adding new products to the database.
Business Model Overview Speed Shopper (SSTX)
1. The validity of income
Speed Shopper will receive advertising revenue. Advertisers will pay for placing advertisements directly in the user’s shopping list in the Speed Shopper app. In addition, the project will receive revenue by charging a small percentage of each purchase made on the Speed Shopper market by users. Also, revenue will be generated from Google ads placed in a mobile application. At this stage, the project team wants to obtain additional funding through an ICO.
In the project there is a limited number of tokens. A total of 500 million SSTX tokens will be released (p. 7 White Paper).
4. Discount on the purchase of tokens
The project has no discount on the purchase of tokens.
The development of the project began in January 2018, in the first 6 months the project team developed a mobile application. After the ICO, the developers will distribute the funds as follows: 30% - “Technological development”, 5% - “Legal and administrative costs”, 50% - “Marketing”, 15% - “Business development”.
6. SOFT CAP / HARD CAP Ratio
The project has an excellent ratio of SOFT CAP / HARD CAP, which increases its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 15,000,000 and $ 25,000,000, respectively.
7. MVP availability
The project has a developed mobile application available on Google Play.
8. Risk assessment and insurance
There are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of losing capital for investors.