ICO Review: Bob’s Repair

Introduction to blockchain
It would not be wrong to say that internet rules the masses today. A lot of global revenue is generated over the internet and in today’s time more than ever, the internet has the power to mold masses. But being centralized is somewhat a setback to what internet is. Millions fall prey fake advertisements, reviews and low transparency over the internet.
The onset of blockchain has raised the demand for transparency and decentralization by a lot of people globally. One such field that needs decentralization is the contracting business. If you have hired a contractor in your life you might know how false advertisements and reviews trap us as consumers and force a wrong decision upon us. Bob’s repair is a blockchain based platform that will bring trust by introducing transparency to the system by creating a decentralized marketplace that will connect contractors directly to their customers.
Problems
· Review fraud: We usually believe reviews over the internet as these reviews seem more legitimate than any advertisements since they are probably from a fellow user, right? But what if these reviews are paid and false. Fake reviews are just too common these days and have taken public trust away from online reviews.
· Advertising costs: When companies and contractors spend on advertising services, in order to make for their investment they add to the prices of their services which means that we as consumers bear the advertisement costs for the services we avail.
· No Pricing transparency: No pricing transparency means that a company may tell the actual price of their service. For example, a company may list the price to paint your house but not the service charges or any extra fees they actually charge their customers for the work.
It will not be wrong to say that all of these as well as most of the contractor-customers problems will be solved by integrating blockchain’s transparency into the system.
Solution offered by Bob’s repair
The platform will use STEM blockchain due to its three second transaction time and absolutely no transaction fees. Introduction of decentralization will mark the end of fake reviews. All the financial transactions will be stored on the blockchain and only after a successful transaction can both the contractor and customer review each other. This information will be stored with the transaction details on the blockchain to ensure customers that the review is legit and unaltered.
Contractors cannot buy visibility on the platform. This has to be one of the most appealing features of the Bob applications. Many big shot companies rely on letting the businesses on their platform advertise themselves which is not the case on the platform. Do you want a better visibility for yourself? Good reviews are the key to it.
As said before transparency can change the present scenario completely and Bob’s application will have fair transparent pricing for consumers.
BOB token and ICO
Bob’s repair platform will use an ERC20 token BOB.
Token Price: 1 ETH = 6000 BOB
Soft cap: 6000 ETH (investments will be refunded in case this amount could not be reached)
Pre-ICO Bonuses:
· 0–2000 ETH collected: 30% bonus
· 2000–3000 ETH collected: 25% bonus
· 3000–4000 ETH collected: 23% bonus
· 4000 ETH collected: 20% bonus
Conclusion:
Bob’s repair platform is a great initiative bring the customers and contractors directly together, eliminating any middlemen. The platform’s progress will depend a lot on its performance and acceptance by the market. There have been similar and much bigger platforms in the past with somewhat identical prospects. Bob’s platform has to come up with some special unique feature to be as appealing to the masses as their completion in the market.
Important links
Authored By: Etheran

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