NEW TREND OF 2020: Solution Life Coin – Cryptocurrencies Corner


SHORTCOMINGS OF CURRENT MARKET

Capture unfair value The value of tokens from current trusted middle parties is sometimes not matched with the value they create. Additionally, capturing of value is centralized to network operators, not network participants. For example, we can take a look at Airbnb, which built a currently reported $ 38 billion business. Airbnb has built an impressive technology platform creating conditions for online booking and reviews, as well as launching local groups of activities to launch and develop local markets. Even in 2017, the company is proud of a list of 4 million short-term rental titles. There is no denying that Airbnb has added tremendous value to the ecosystem by offering both bits and blocks for Ecosystem. The shortterm rental market wouldn’t exist if Airbnb didn’t create it. Today, the technology platform has been built and the market actively develops with new homeowners and users, both sides actively searching for Airbnb’s website and mobile apps. Airbnb makes a profit of 5 – 15% for the guest and 3-5% for the homeowner per booking. This means that Airbnb will capture up to 20% of the value of each transaction regardless of additional work required. Airbnb also automatically deducts local taxes, which can be an activity not to be missed. 

For example, hotel taxes in Chicago, Atlanta and Seattle are 16%. Noting that Airbnb is not the only unit charging too much for finding its right services. Online travel companies like Booking.com and Expedia charge the associated hotels 15-30% of the transaction value. In this case, while both the buyer and the seller get more than it would in the absence of Airbnb, they are leaving money back as both sides will be willing to agree on a price in between. A more efficient market will exist if transaction fees are eliminated or even reduced. Both buyers and sellers will benefit economically when Airbnb ceases to be an intermediary. ” What happens if efficient markets can be built without expensive transaction fees?” Additionally, as Airbnb develops strongly, it is the company’s shareholders achieving the rewards. The founding company, venture capitalist, and employees will make huge sums of money in a scheduled IPO in 2020. But Airbnb’s earliest homeowners provided market liquidity. So what? They will certainly benefit by generating revenue on the platform, but they do not receive the same outstanding rewards for their indispensable contributions in the early days of the market like employees and investors. Exaggerated, the company was operating a feudal system where landlords acted as servants to fill the treasury. ” How do we allow early contributors to critical networks to embrace fairer value?” Data is blocked by private corporations Each market operator controls a closed store of user data and valuable transactions. We believe users will be able to own and control their own data. We also believe that transparency is important to gaining trust. Large companies always control access to user data for their own benefit. When guests booked the methamphetamine lab in an Airbnb’s first apartment, Airbnb’s team of lawyers immediately notified the nondisclosure agreements and hid money to prevent negative press information from being released. That may be the right decision for Airbnb, but the company’s customers deserve to know the truth so they can make an informed decision with whom is going to do business. With blockchain, everything is public and immutable, so transparency is a default feature. Open, shared data also has an active feature in encouraging competitive development and continually improving the community. ” What happens if the network data is owned by the community, not the private operator? Lack of innovation When an entity wins the category identified in the vertical market, that enterprise can often maintain the only position. Having more buyers and sellers means more capital to grow your business. Having invaluable data warehouses, marketing dollars, and brand identity are all powerful braces that prevent competitors from entering the market, thereby preventing innovation. The most prominent example is perhaps Craigslist, the Internet’s first mainstream goods and services market, which has thrived for more than 20 years despite an outdated user experience, lack of a reputation system, and trustworthiness, and even not provide a full-fledged payment for transactions securely and easily. There have been countless competitors of Craigslist that have failed even though they have managed to provide buyers and sellers with a safer, easier buying experience just because Craigslist has a pioneering advantage and the network effect has ingrained into the market. The buyer goes to where the goods are sold and the seller goes to where the buyer is.

pic5.png

 

 

In this case, while both the buyer and the seller get more than it would in the absence of Airbnb, they are leaving money back as both sides will be willing to agree on a price in between. A more efficient market will exist if transaction fees are eliminated or even reduced. Both buyers and sellers will benefit economically when Airbnb ceases to be an intermediary. ” What happens if efficient markets can be built without expensive transaction fees?” Additionally, as Airbnb develops strongly, it is the company’s shareholders achieving the rewards. The founding company, venture capitalist, and employees will make huge sums of money in a scheduled IPO in 2020. But Airbnb’s earliest homeowners provided market liquidity. So what? They will certainlybenefit by generating revenue on the platform, but they do not receive the same outstanding rewards for their indispensable contributions in the early days of the market like employees and investors. Exaggerated, the company was operating a feudal system where landlords acted as servants to fill the treasury. ” How do we allow early contributors to critical networks to embrace fairer value?” Data is blocked by private corporations Each market operator controls a closed store of user data and valuable transactions. We believe users will be able to own and control their own data. We also believe that transparency is important to gaining trust. Large companies always control access to user data for their own benefit. When guests booked the methamphetamine lab in an Airbnb’s first apartment, Airbnb’s team of lawyers immediately notified the nondisclosure agreements and hid money to prevent negative press information from being released. That may be the right decision for Airbnb, but the company’s customers deserve to know the truth so they can make an informed decision with whom is going to do business. With blockchain, everything is public and immutable, so transparency is a default feature. Open, shared data also has an active feature in encouraging competitive development and continually improving the community. ” What happens if the network data is owned by the community, not the private operator?

Lack of innovation When an entity wins the category identified in the vertical market, that enterprise can often maintain the only position. Having more buyers and sellers means more capital to grow your business. Having invaluable data warehouses, marketing dollars, and brand identity are all powerful braces that prevent competitors from entering the market, thereby preventing innovation. The most prominent example is perhaps Craigslist, the Internet’s first mainstream goods and services market, which has thrived for more than 20 years despite an outdated user experience, lack of a reputation system, and trustworthiness, and even not provide a full-fledged payment for transactions securely and easily. There have been countless competitors of Craigslist that have failed even though they have managed to provide buyers and sellers with a safer, easier buying experience just because Craigslist has a pioneering advantage and the network effect has ingrained into the market. The buyer goes to where the goods are sold and the seller goes to where the buyer is.

pic6.png

 

 

NOW IS THE TIME TO CHANGE 

The market is ready for a new form of peer-to-peer commerce. The world is moving to a large economy, where more and more individuals are providing products and services for income. More than 22% of American adults have become suppliers to the sharing economy since 2016, and this number is expected to increase over time. These providers will benefit greatly from an open network with no expensive transaction fees or service fees. Total bookings on the sharing economy are expected to exceed $ 335 billion by 2025. Platform revenue (mainly fees charged to companies) for the sharing economy is expected to grow even more doubled to $ 40.2 billion over the next five years.

pic7.png

 

 

With the official launch of Ethereum in July 2015, the world had the world’s first widely accepted blockchain platform supporting smart contracts. Ethereum has created a program where financial assets are programmable on the network and, equally important, a community of developers, campaigners, and investors committed to continuing to advance the technology and its practical application. In terms of data storage, the Interplanetary File System (IPFS) has gained acceptance as a distributed data repository for the open, fixed web. With the upcoming launch of FileCoin and Proof-of-Replication (PoR) and Proof-of-Spacetime (PoSt) in the future, a large amount of data will be able to be stored in a distributed fashion and without the need for trust each other with the right incentives to make the plan a reality. The Solution Life platform is built on these two basic technologies. After receiving valuable feedback from thousands of original users, we’re introduced version 1.0 of the Solution Life platform in Q3/2020.

BENEFITS AND FEATURES OF CORE PRODUCTS 

In short, the Solution Life platform and third-party applications built on top of it are expected to have some advantages when compared to the existing shared economic marketplace. The most important factor is the ability to minimize most transaction costs related to the bridge between the buyer and the seller. Thanks to the Fat protocol, the value of the network is based mostly on the value of the protocol layers and less on the application layer (in this case, toll collection sites) 17. Our driving force is to build a strong ecosystem of buyers and sellers, so we have no intention of charging a lot of transaction fees on the protocol. P a g e | 16 Note that this does not mean prohibiting third-party app developers from charging transaction fees. Currently, the Solution Life token is used as an incentive mechanism for third-party marketplace operators through Solution Life Commission. Merchants can choose to promote their listing and pay an optional commission to the marketplace operator that connects them to buyers. While we expect these fees to be significantly lower than existing forms of centralization, market operators and e-commerce entities have a source of revenue for them to be motivated. to build feature-rich dedicated experiences across developer libraries and the Solution Life protocol is equally important.

Going back to the examples of well-segmented websites (e.g., babysitting service) and area services (e.g. bike sharing in Boulder, Colorado) are potential application cases that would offers more personalized experiences than the default setups offered by leading marketplace Solution Life applications or e-commerce store creators. Today, if you want to set up a traditional company to compete in the global economy, you will have to establish banking arrangements in one country and handle all the related financial regulations. This creates a huge barrier for most startups looking to expand into international markets. In fact, we often see copies of existing models growing rapidly in specific areas rather than companies growing from new ideas. Cryptocurrency, however, is a global phenomenon. Thanks to the widespread popularity of the Internet, the top marketplace Solution Life platform and application were immediately available in most countries around the world when we launched the mainnet on the Ethereum platform. We see this as a huge advantage. Other high-level benefits include an integration mechanism that encourages ecosystem components to hold and use Solution Life (SLC) tokens early. We are constantly thinking about the right offers that will motivate ecosystem participants such as developers, individual buyers and sellers, and others to use promoting the Platform. We intend to reward those who introduce the Platform and build a secure, operational, and marketing infrastructure for the Platform. You may have noticed these economic incentives in the Solution Life Reward’s initial implementation. At a lower level, Solution Life has been built on existing product models and user features. 

These features include:

• User profiles and data 

• List of goods sold and used asset and service segments 

• Escrow for deposits, deposit refunds after service completion or goods exchange 

• Install and browse availability / schedule 

• Reputation in the form of reviews and ratings

pic8.png

 

 

Summary 

For the past two decades, Internet marketplaces and e-commerce stores have changed the way that buyers and sellers connect, creating new opportunities for the exchange of goods and services. However, these marketplaces have always been governed by centralized companies that maintain their individual monopolies on data, transaction and other service fees, and ultimately, user choice. With blockchain and other distributed technologies beginning to hit the mainstream, the world is poised for a new wave of decentralized commerce. SLC is bringing change and innovation to the global peer-to-peer economy. We’re excited by the opportunity to lower fees, increase innovation, free customer and transaction data, and decrease censorship and unnecessary regulation. We are building a platform that invites other interested parties including developers and entrepreneurs to build this technology and community with us, altogether working to create the peer-to-peer economy of tomorrow. We hope you’ll join us on this exciting journey.

.(tagsToTranslate)slc token