Fair Ninja

Marketplace to Spend Your Cryptocurrency

Fair Ninja - finally a marketplace to spend your cryptocurrency Fair Ninja is the world’s first multi-national online classifieds platform that allows users to buy and sell goods and services from anywhere in the world to anyone in the world. Our goal is to connect the world’s individual classified marketplaces into a single market, making commerce easier than ever. Moreover, the Fair Ninja platform will be the first to offer fully integrated cryptocurrency payment options, including Bitcoin, Ethereum, and Litecoin, as well as our own ERC20-compliant Yoshi coin. Using smart contracts, Fair Ninja will offer transparent, reliable, secure, and anonymous transactions that will make online commerce internationally viable and completely frictionless. There are many benefits for both online marketplaces, as well as individual sellers and buyers. Online marketplaces and sellers will now have a much wider audience to sell their goods and services, while buyers will have unprecedented access to an enormous variety of products. And with Fair Ninja’s automated translation tool, language and communication barriers will be erased, allowing for a truly international marketplace. Additionally, using our smart contracts, users will be able to conduct business in a fully secure manner, knowing both products and payments will be delivered. Clearly, Fair Ninja is a highly ambitious project, and not without its challenges. That said, we believe that these challenges will be addressed by implementing an international marketplace with blockchain technology at the center, ultimately creating a self-sustaining global online classifieds marketplace.

 

Project Use Case

The White Paper doesn’t include any use cases. However, their site does show us an example of a transaction being carried out. In this case, a purchaser from Spain finds a seller from Germany with an iPhone that he is interested in at a price he likes.

The purchaser can then pay using Bitcoin, Ethereum, or Yoshicoin to get the maximum amount of rewards. His money is held in a smart contract and once the delivery is made payment is activated.
Both parties get rewarded and both get the chance to leave some feedback for the other.

Fair Ninja Team Overview

The core team that is listed on the Fair Ninja site is led by Founder & CEO Željko Hudoletnjak. His LinkedIn profile shows his most important work to date as being as the CEO of OGLASNIK group.
Next on the list is CTO Hrvoje Lozancic. Then comes Blockchain Developer Sebastijan Placento.
The small core team of 5 members is completed by Project Manager Aleksandar Beric and designer Hrvoje Kovacicek.

As for the Advisors working on the Fair Ninja ICO, just 3 are listed. Ivan Lozancic is the Founder of Gauss, Ivor Miskulin is the Financial Advisor, and Brigham Ricks is listed as their Legal Advisor.
It certainly feels like a small board of Advisors, as well as a small core team.

How The Token Works

The Yoshi coin is an ERC20 compliant token. Users who opt to pay using this token will receive greater rewards. The prices on screen will always be in the person’s local fiat currency.
However, they can also pay using other virtual currencies such as Bitcoin and Ethereum.
No fees are charged for placing ads. Buyers will pay a 1.5% for using Yoshi coins. If they use other cryptocurrencies then the fee rises to 3%.
60% of the total supply of tokens will be sold during the token sale. 10% will be placed in the reserve fund while the rest will be used as detailed below.

 

What Do Investors Gain

The idea is that growing demand for this service sees the value of the tokens increase over time. There is also the fact that there are discounted rates for getting involved early in the sale of tokens.
The private sale price of each token is $0.048. Pre-ICO price is $0.064, while the ICO price is to be $0.08.

Opportunities & Risks

The Fair Ninja White Paper explains how classified ads are now big business, with the likes of Craigslist turning into massive business ventures. However, they also point out the restrictions that currently hold back the industry.
It is clear that a Blockchain-based classified ads platform does have a chance of being successful.
As for the risks, there isn’t a lot mentioned in the White Paper. Will they manage to persuade enough people to switch over to this platform from other ads sites? Are there legal or technological issues that they may run into?
The proposal would undoubtedly be more persuasive if it included an in-depth look at the main risks and how to avoid them. Competitors would appear to include CyberMiles, with more rivals possibly being worked on.

 

Milestones

1

JANUARY, 2018

IDEA/CREATED FAIR NINJA INC.

2

Q2 2018

ICO OPENS.

3

Q3 2018

START OF PLATFORM DEVELOPMENT. FIRST CLASSIFIED PARTNERSHIP.EXCHANGE LISTINGS.

4

Q3-Q4 2018

PRESENTING VALUE OF PRODUCT THROUGH INTENSIVE MARKETING.

5

Q4 2018

START OF WEBSHOPS PARTNERSHIPS AND MORE CLASSIFIEDS PARTNERSHIPS.

6

Q1 2019

RELEASE OF FAIR NINJA PLATFORM AND MOBILE APP.

7

Q1-Q2 2019

GEOGRAPHICAL EXPANSION OF FAIR NINJA.

for more information:

 
author:
BTT username: rivaldo2020
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=2051385
0x320f6344D4BE878C96e77AD580e2EE132C4BF6F8