The E-commerce industry as experienced tremendous growth in recent years and this has also led to the emergence of new online trading platforms such as Hagglins. Hagglin is an online platform that acts as Peer to Peer Market place.
The platform combines Blockchain Technology with Peer to Peer Logistics. The platform currently combines a logistics industry worth 8 Trillion dollars, online travel industry worth 533.52 billion dollars, and an E-commerce Industry worth 1.55 trillion dollars.
How Hagglin Works
The platform enables users to reduce their carbon footprint by saving and making money. The site offer users an opportunity to engage in e-commerce by connecting with each other through the online platform. Users get an opportunity to post their offerings on the platform and also search through the listings for offerings posted by other users. Also, the users connect with fellow hagglers over the platform as they exchange valuable information about their offers.
Hagglin ICO Details
Marketing with ICOs has become a common trend in recent years, and that is why most companies consider looking for the most effective ICO’s. According to the old ICO model, companies hold 30-50% of their tokes and sell to the public 30-50% of their tokens in order to accomplish their goals.
In this case, token holders are not given any consideration by companies. In other words, the old model does not offer any incentive that help meet the needs of token holders. The explained model is outdated, and that is it is never a surprise when founders decide to dump tokens in the model.
Therefore, the main priority of the Hagglin project is to guarantee the success of Ribbits and Hagglin. In the new plan, the number of Ribbits being held by a holder in a particular wallet determines how the 30% of the Ribbits saved under the smart contract are distributed to various addresses on a weekly basis. Token holders are rewarded under the Ribbits loyalty program when they hold up to 42.85% of their tokens.
Distribution Of Hagglin’s Total Ribbits
The Hagglin Ribbits are normally distributed to other areas apart from being sold in public. The Ribbits are set aside for;
- Donations to non-profits
- Funding of Hagglin’s Ribbits for Charity programs
- Selling in pre-ICO
- Reserving Riggings for the founding members
- Holding in smart contract for weekly distribution
Ribbits Trading
Trading on Hagglin is the desire of most people but the challenge has been finding items that have equal value. However, this is no longer a problem after the introduction of decentralized tokens that are commonly referred to as Ribbits. The tokens are established on the Ethreum blockchain and can enable users to directly buy items on the Hagglin platform or create an escrow in instances where there are trust issues.
The fee charged by the platform for the services it offers can be paid inform of Ribbins. Users can use their favorite exchange to interchange Ribbits and bitcoins. Users can always find the tokens on Ethereum blockchain which an open source.
The Future Of Hagglin
The haggling platform is expected to take e-commerce to the next with continued innovation of new products and services. The platform has the potential to increase its market capitalization as well as the number of users as it offers convenience to online buyers and sellers.
