NOBAR (NBR) ICO Review – ICO Token News
NOBAR aims to offer a three-sixty-degree holistic solution to both the buyer and seller group by focusing on different specific needs. To streamline and increase efficiency, our solutions will be presented through a singular platform combining two major functionalities simultaneously, “Crypto Commerce” and “Shop-App”. We believe in facilitating in any eligible and interested buyer and seller, no matter the size or scale of their businesses. This dream has encouraged us to offer these solutions for our users:
NOBAR will enable you to take part in global trades without the need of any kind of intermediary. Our platform offers any of our users to communicate with other users without any hassle or need for a third party. All the trading is done electronically and the system will ensure the authenticity of the users while registering to negate any possibility of fraudulent activities. The platform will offer tools with easy to use interface so that the products are available internationally if a seller wishes so.
NOBAR will allow local businesses to showcase and sell their products to local buyers. We strive to focus on fairness which will allow all the sellers, no matter the size of their businesses, to showcase their goods and services on our platform. With the growing amount of orders, it often becomes nigh impossible for a small scale local producer to expand and scale up as it is very time consuming and expensive.
Tokenizing Used Products
One of the interesting features offered by our platform is the ability to buy or sell used products. This trade will operate much like eBay, but with the added convenience of using a unified medium of exchange, namely NBR Token to perform the trade. This negates all the possibilities of undue price fluctuations and transactional complexity that is faced by fiat currencies.
Sharing and Selling Assets
The platform also aims to provide its users support for selling assets such as automobiles, houses and equipment. Users can directly communicate with each other via the dedicated chat service on our platform and adjust the terms of the transactions.
Just like sharing assets, it will be enormously easy to share human resources across our platform. Any user can showcase their skill sets and experience while attracting one –to one contract with other users for providing services. These services will open doors for remote job opportunity by conducting projects bypassing global barriers.
One exciting feature that our platform aims to offer is a versatile advertising tool. Any user of our platform can enjoy the benefit of targeted advertising on the basis of demographics and interests while selling various goods and services. It will allow for a precise deployment of advertisement, therefore resources, to reach the most potential buyers, renters or any interested party.
NOBAR aims to provide a dedicated shop-app functionality right in the dedicated mobile app across major mobile operating ecosystems. Users of the app can potentially perform all the activities from any browsers or our mobile app which will feature additional benefit of acting as a dedicated payment device. Any Point of Sales that integrates our platform will allow our users to expand the functionality of the app. With growing users and POS, users can potentially do any kind of shopping from physical stores and pay for services using NOBAR’s signature app.
We have chosen NBR ICO Token to operate as an Ethereum based token for the platform. There are some distinct reasons behind these decisions, such as:
- The block time for Ethereum is 14/15 seconds compared to almost 10 minutes of other leading cryptocurrencies. This translates into a much faster transaction time which is one of the aims of our platform.
- Ethereum has its own Turing complete internal code, which means that when provided ample time and computational power, anything can be calculated.
- Ethereum discourages centralized pool mining through its Ghost protocol rewarding stale blocks. There is no advantage to being in a pool in terms of block propagation.
- Ethereum has a high “immune” system where a third party can’t make changes to any data.
- Apps connected to Ethereum rarely, almost never go down and cannot be shut down.
Smart Contracts Codes
Deploying the smart contract to create the desired token is the most important part of any Token sale from the technical point of view. Recent reports and a thorough search in etherscan show us that most of the contract codes developed have solidity compiler bugs. These bugs have low and medium severity issues which can harm a token holder’s activity at any time. NOBAR team wants to make sure that there is no existence of such bugs which can create any problem for our token holders and our platform.
Our token sale will be carried out in 5 stages, with 400 million (400,000,000) token being offered at each stage. Each stage will have different bonus amounts, facilitating early bird adopters greatly. The currencies which will be accepted for the token sale are BTC, ETH, LTC and BCH. To ensure proper usage of the fund raised and to create various modules of functionality from the platform, the whole token sale ICO event has been divided into 4 milestones. Get more information about how to invest in ICOs by reading ICO planning guide.
- Joyjit Bhowmick CEO & Founder
- Ariful Haque CTO
- Likhon Amin Marketing and Promotion
- Carla Celisa Finance and Accounting
- Meriam Belghali Business Development
- Sharath Kumar Business Development
- Faith Obafemi Content Marketing
- Mehedi Hasan Sonnet Back-end developer
- Eduarda Shintaku PR and Communication
- Malek Romdhane Community Manager
- 1Q3 2017
Market analysis & observation of the usage limitation
- 2October 2017
Idea inception, organizing the solution as a sustainable one
- 3November 2017
Initial development of the project, legal & regulatory analysis and team development
- 4Q1 2018
Smart Contract development, legal authorization, official public announcement of the project, beginning of bounty campaign & prototype app release
- 5Q2 2018
Token sale & distribution
- 6July 2018
Token burning (if excess), Listings on exchanges and deploying teams for Crypto Commerce & Shop-App platform development
- 7Q3 2018
Launch of Shop-App beta version, collecting feedback from users & usage data, development of core functions for the Crypto Commerce platform
- 8Q4 2018
Final release of Shop-App & beta releases of core functions of Crypto Commerce platform
- 9Q1 2019
Functional integration within the Crypto Commerce platform
- 10Q2 2019
Fully functional Crypto Commerce platform with necessary integration