Y-Ventures, a Singapore based ICO, announced plans to start a blockchain enabled global buying platform. The platform will be named as AORA and has been developed with Luminore 8, an e-commerce and technology company based out of Singapore.
The ICO was launched yesterday and the presale of the sale will take place in October. There is also a crowded sale of the same slated to launch in November. The target rise of the ICO is $50 million with a soft cap of about $20 million. There would be about 625 million ERC 20 tokens minted out of which 40 percent could be sold during the two stages of the sale.
Y-Ventures Platform is also hoping that the token will let consumers buy products from any online marketplace and online store. It seems that there are still plans to facilitate other common cryptos. The social marketplace will also allow other users to search for the products which would be curated by other users.
The outfit is also planning to provide business logistic solutions that merchants can use the suite of a smart contract which would be powered by services including crypto-currency, and fiat conversion.
Y-Ventures is a very interesting prospect for the investors as it provides with an opportunity to invest in an e-commerce ICO.
According to reports published in ICO Examiner, it would also ensure that users can get products from the e-commerce platform according to their need. Considering crypto-currencies for e-commerce platform which are losing momentum in recent months. AORA is no doubt a perfect resource and a critical product which can provide users with a way to invest in cryptos. There is no doubt that a company has all the correct resources which would encourage merchants to start accepting crypto on a wider scale.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]