Topic: [ANN] CarryKoin e-Commerce IEO Announcement ✔✔ (Read 1115 times)

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Team CarryKoin

Retail as Experience

Customers are no more interested to come to shops just for transactions. The trend is online anyways.

This creates the need for an immersive experience, which is a unique convergence of retail and entertainment. Products have to be packaged with memories, fun and elevated experiences. This is likely to shape the future of brick and mortar and e-Commerce.

AI and assistants/ transaction algos will take over the routine, repetitive work thereby freeing the retailer to invest in creative side. While shopping is gonna be simpler and simpler, virtual try outs will be huge in the coming days.

CarryKoin is for elevation of customer status.

Team CarryKoin

Invitation for Pre-Raise of US $ 200K

The pre-raise is for the following –

-   cost of doing the 1st IEO/ ICO
-   cost of registration and office establishment in India
-   cost of digital content creation, PR, listing & outreach
-   establishment costs of Singapore office

On successful completion of 1st IEO/ ICO, MINT coins shall be issued to the participant of Pre Raise in the ratio of 50 MINT coins for each dollar participated

1 MINT coin = 1 US $ = 1 Minto

Currency and Loyalty are together for making commerce efficient and inclusive


Thank You for Investing Your Time with us

Please register yourself at -


https://docs.google.com/forms/d/e/1FAIpQLSczf-QwTNcQH3g81830MCsh9AWDYTz_r_woY5yeAVs8iqS5qA/viewform


Team CarryKoin

Thank You for Investing Your Time with us

Please register yourself at -


https://docs.google.com/forms/d/e/1FAIpQLSczf-QwTNcQH3g81830MCsh9AWDYTz_r_woY5yeAVs8iqS5qA/viewform


Team CarryKoin

Thank You for your response.

Binance is the exchange for IEO.

We are seeking investor queries  -

1) to improve and fine tune the plan

2) raise awareness

3) do pre-raise for initial capital for the cost of IEO, etc

We are also seeking one large investor like  Softbank in case IEO route does not happen.

However, we are confident of the investor community to work with us to realise the vision of this project.

We agree that the roadmap does not appear here. Actually, we are not able to upload pictures here which will convey so much more including the roadmap.

We need 1 merit point to convert to member status. That will allow us to upload the photos.

Team CarryKoin

Which exchange will the IEO project at the moment? What is the team plan if the upcoming IEO fails?
Your model is quite good, but you need to specify the direction in Roadmap. I noticed that it was too general and not detailed.

Please register yourself at -


https://docs.google.com/forms/d/e/1FAIpQLSczf-QwTNcQH3g81830MCsh9AWDYTz_r_woY5yeAVs8iqS5qA/viewform


Team CarryKoin

WHAT is the problem we are addressing ?

-   Marketplace for E-Commerce
(Key Differentiator from others – Offline shops converted to Online)

-   Reward Mechanism
(Key Differentiator from others – No discounting, Only loyalty)

-   Blockchain Development
(Key Differentiator from others – Transaction speed millions per second)



HOW ?

Process Followed  -

Enabler
Penetration of Smart Phones – Threshold Level Reached

Solve
Global Online Commerce Low @ 10 %  - Convert Offline to Online Stores, Provide robust marketplace

Create
Digitalisation Wave in Next 7 Years -  Take Global Online Commerce to Threshold level (>50%)

Develop
New Age Blockchain doing millions of transactions per second like centralised database - Migrate Global Commerce to Largest Ever Blockchain



Why Blockchain ?

Blockchain is for the following –

-   Raise 200 m dollars from participants through ICOs/ IEOs. The blockchain will maintain the digital coins ledger. The money raised will be invested in the E-commerce market place.

-   Rewards / Loyalty Points system – Reward points on the e-Commerce will be hedged with digital coins on the blockchain.

-   The blockchains as on date are costly due to large computing, power, storage requirements and are very slow on transactions. We need new blockchain model, which can cater to millions of transactions per second, will need very low computing power & storage space similar to centralised database system and will be cheaper and easy to maintain, while having all the good qualities of a blockchain. There are none now. A large part of the Revenue earned on the market place (around 20 %) will be invested in creating this new model in 7 years time. The global commerce can then be migrated on this blockchain.



Explanation of Reward/ Loyalty mechanism -


-   Reward system in the platform -   For each $ of purchase, 0.25% will be given as Reward point to the customer by the shopkeeper with Lifelong validity. The debit/ credit of reward points is automatic on the e-Commerce platform.

-   Each shopkeeper based on its annual sales will be uploaded with reward points for 1 year free as joining bonus. We expect 30 billion $ of sales from India market per annum, which means 75 million reward points to be given as joining bonus for sales over a period of 1 year.

-   Here, comes the relation between reward points and digital coins. The reward points are hedged 1 : 1 with digital coins on the blockchain. India will have 75 million digital coins hedged to 75 million reward points as per the Tokenomics.


-   Initially 200 million USD is raised by issuing 400 million coins in the IEO. A giant mine of 20 trillion coins is also unveiled with the IEO. 

-   When the free reward points is exhausted with shopkeepers after an year, they will buy more reward points on the platform. This being hedged with the digital coins on the blockchain, the demand for coins will keep increasing on the platform.

-   When we expand to another country, based on the business projection, the Giant mine will issue equivalent amount of digital coins to that Country matching reward points required for 1 year of sales in that country.

-   Further, due to economic activities, the value of coin will also go up and the Giant mine will push new  coins proportionate to the holding of stakeholders to keep the value stable. As the Country gains more digital coins, it will populate equivalent amount of reward points to the holders automatically.

-   Thus holding of reward points gives more redemption bargain to the customers.

-   Reward points is no brainer even for a village shopkeeper or a village customer, and the accountal / debit-credit of reward points will be automatic on the e-Commerce platform.

-   The technology of blockchain for the digital coins is at the background seamlessly milking the loyalty mechanism of rewards.

We invite investors  to participate in the Pre-Raise.

Team CarryKoin

Libra of facebook is backed by Fiat currency, while Gram of Telegram is backed by nothing ?

What about MINT of CarryKoin ?

Well, economic activities of CarryKoin e- Commerce and hedging with loyalty reward points will be the back up of digital currency.

Visit us at -

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Team CarryKoin

Visit us at -

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Team CarryKoin

We invite investors  to participate in the Pre-Raise.

Team CarryKoin

Technology Model Evolution -

Tech model has evolved as far superior to existing Bricks & Mortar model.

Technology model  cracks the loyalty puzzle.

Tech Model =  e-Commerce + Rewards Points + Blockchain

Explanation of Reward/ Loyalty mechanism -

Reward system in the platform -   For each $ of purchase, 0.25% will be given as Reward point to the customer by the shopkeeper with Lifelong validity. The debit/ credit of reward points is automatic on the e-Commerce  platform.

Each shopkeeper based on its annual sales will be uploaded with reward points for 1 year free as joining bonus. We expect 30 billion $ of sales from India market per annum, which means 75 million reward points to be given as joining bonus for sales over a period of 1 year.

Here, comes the relation between reward points and crypto coins. The reward points are hedged 1 : 1 with crypto coins on the blockchain. India will have 75 million crypto coins hedged to 75 million reward points as per the Tokenomics.

Initially 200 million USD is raised by issuing 400 million  coins in the IEO. A giant mine of 20 trillion coins is also  unveiled with the IEO. 

When the free reward points is exhausted with shopkeepers after an year, they will buy more reward points on the platform. This being hedged with the crypto coins on the blockchain, the demand for coins will keep increasing on the platform.

When we expand to another country, based on the business projection, the Giant mine will issue equivalent amount of crypto coins to that Country matching reward points required for 1 year of sales in that country.

Further, due to economic activities, the value of coin will also go up and the Giant mine will push new  coins proportionate to the holding of stakeholders to keep the value stable. As the Country gains more crypto coins, it will populate equivalent amount of reward points to the holders automatically.

Thus holding of reward points gives more redemption bargain to the customers.

Reward points is no brainer even for a village shopkeeper or a village customer, and the accountal / debit-credit of reward points will be automatic on the e-Commerce platform.

The technology of blockchain for the digital coins is at the background seamlessly milking the loyalty mechanism of rewards.



Why Blockchain ?
 
- enables you to print digital currency which does not belong to anyone, decentralized, not tied to any country or geography, consumption driven for global commerce.
- The currency provides its own internal regulation, distributed ledger on a blockchain with Global validators.
- Initially 200 million USD is raised by issuing 400 million  coins.
- A giant mine of 20 trillion coins is also  unveiled with the IEO. 
 - As the digitalisation of commerce spreads globally, consumption of coins will increase and more coins will be supplied by the giant mine of 20 trillion coins.
- We can expect the e-Commerce business to reach global scale in 10 years time. At this point, the Giant mine is likely to get exhausted, 20 trillion digital coins  matching 20 trillion US$ of consumption.
- Customers gain once the e-Commerce business expands and if they have remained loyal in holding the reward points or coins or both.
- All along the enabling pillar of execution remains cluster based  E-commerce and Conversion of Offline retail to Online, from present 10 % to 100 % Digital. No change here.
- When we are global, the commerce will be so complex that we will need a new blockchain application to integrate the global commerce and hence the earnings are continuously ploughed back in technology  research to come out with scalable decentralised  blockchain database system, which is better than centralised database system like visa/ MasterCard and which will allow millions of transactions per second.

So Blockchain is necessary. The e-Commerce business is a subset of Blockchain technology.

CarryKoin Pte. Ltd. (@carrykoin) Tweeted:
We are approaching you for a Pre-Raise & Pre-Announcement of ICO on behalf of CarryKoin Pte. Ltd. https:/[Suspicious link removed]/UzyNZnUYdK https://twitter.com/carrykoin/status/1141589702308294656?s=17

CarryKoin Pte. Ltd. (@carrykoin) Tweeted:
Pre-Raise & Pre-Announcement of ICO https:/[Suspicious link removed]/z6OeJu3lCl https://twitter.com/carrykoin/status/1143381269222313984?s=17

Differentiating Customer Loyalty from Bargain Hunters

It is in our DNA to maximise our money. So we will bargain, on the streets or now on smart phones.
 
Deals and more Deals, but No Loyalty.

On line e-Commerce portals have gone wrong in offering unsustainable  Discounts. When a program is designed to attract only bargain hunters, then you miss out on loyalty. You only create a different brand of customers, who are out to hunt for bargains and zero loyalty. If the deals are not the best, they simply hop to the next portal.

CarryKoin gives all time maximisation of your money as you continue your loyalty.

The full proof program is for maximising the efficiency of commerce and it is  inclusive in making the 90 % offline retail digital.

CarryKoin will create Brand Loyalty in online portals.

CarryKoin Pte. Ltd. (@carrykoin) Tweeted:
THE NEXT BIG THING COMING YOUR  WAY…INVEST  IN  YOUR FUTURE  TODAY!!

CARRYKOIN ANNOUNCES $200K PRE-RAISE DRIVE https:/[Suspicious link removed]/SZtNDzhNuo https://twitter.com/carrykoin/status/1144205479343620097?s=17

CarryKoin Pte. Ltd. (@carrykoin) Tweeted:
Head quartered in Singapore, CarryKoin connects brick and mortar retailers with buyers. India - the first country for roll-out from Gurgaon. The next BIG thing on it's way! Watch out !! https:/[Suspicious link removed]/4cgISMAl1e https://twitter.com/carrykoin/status/1139151023564398593?s=17

Trust on MINT coin

Every day new ICO’s and coins are getting added up in the crypto world. And on an average, the coins are loosing their worth in 3 to 5 years.
A pertinent question is then what is special about MINT coin ?

Well, there is an inherent business of e-Commerce, which is converting offline stores to online globally. The business has a unique loyalty point system, which is hedged to MINT coins. So there is economic value addition continuousely to MINT coin.

MINT will be there as long as CarryKoin e-Commerce is there.

And how long is CarryKoin planned for ? It is for next 300 years.

So how long is the next digital currency MINT going to last? I will say it is for ever.

Reliance will be the competitor of CarryKoin in India.

JIO is likely to be their coin and contemporary to MINT, our coin.

Arrival of Reliance e-Commerce is good. It will build huge efficiency at the bottom of the pyramid.

Decentralised MINT and Centralised JIO will be an interesting play and we welcome it.

It will bring huge benefits to consumers.

Team CarryKoin

Business Model of contemporary  e-Commerce companies Amazon, Alibaba, Wal-Mart opened Flipkart have reached suicidal level. More volumes and more discounts, bleeding to death on losses.

Diversification and varied revenue innovations are an unnecessary stress on Amazon to remain afloat. While Softbank/ eBay/ Alibaba promoted payTM mall will be the next to shut shop.

We are happy to arrive in time to create transaction based simple revenue model of e-Commerce. No up front discounting, but huge profit for loyal  customers on loyalty incentives of Minto (backed by MINT coins) on a global scale of operations.

As a matter of mutual opportunity, we are once again asking Softbank to have a re-look at our model since we did convey to them the likely death of present cash burning discounting model.

Team CarryKoin requests for Merit points from generous investors in this forum. This will help us to upload photos.

Thank You.

Thank You.

Team CarryKoin

Hello, I think it's too early to speak of real growth. However, the project looks interesting.

We also request investors to generously give us "Merit" so that we can have an upgraded member status.

Many images are to be uploaded for perusal of investors.

Thank You.

Team CarryKoin

There is business to be done in the  Offline to Online model with -

- Un-precedented scale,

- No Discounting,

- Minto based loyalty incentive

- pegged to the Next digital currency of the world MINT.

We invite investors  to participate in the Pre-Raise.

Team CarryKoin

VISION –

To Be a US $ 20 Trillion E-Commerce marketplace in 10 years’ time


MISSION –

To organize all the trade in the world and make it accessible for everyone in a useful way

VALUES –

The top ethical brand in the world- “CarryKoin & MINT “.

Approaching you for help....We need Merit....Single Merit for converting to Junior Member status....so that we start posting Images which speaks volumes than 1000s of words...Thank You for your generosity.

Team CarryKoin

Invitation for Pre-Raise of US $ 200K

The pre-raise is for the following –

-   cost of doing the 1st IEO/ ICO
-   cost of registration and office establishment in India
-   cost of digital content creation, PR, listing & outreach
-   establishment costs of Singapore office

On successful completion of 1st IEO/ ICO, MINT coins shall be issued to the participant of Pre Raise in the ratio of 50 MINT coins for each dollar participated

1 MINT coin = 1 US $ = 1 Minto

Currency and Loyalty are together for making commerce efficient and inclusive

CarryKoin = e-Commerce + Mint + Blockchain

1 CarryKoin = 1 US $

How much will your token price be in the IEO?

Smartphones is the key  -

The penetration of Smartphones is the key to global trade using CarryKoin platform.

- Buyers get local shops, whole country and the world shops in their hand held smart phones.

- Sellers get their merchandise digitized and uploaded through the CarryKoin market place for servicing buyers in their local clusters/pan country and world consumers.

The e-Commerce business roll out is designed in stratgic units called clusters.

Each cluster will roughly have geo-graphical boundaries having population of around 500000. Each cluster will have a CarryKoin team to roll out e-Commerce in that cluster and facilitate buyer- seller interactions.

White Paper – https://drive.google.com/file/d/1oTArXgMh-VorSSgB6WGtjFkbAK220E6x/view?usp=sharing

Facebook – https://www.facebook.com/CarryKoin/

Linkedin - https://www.linkedin.com/company/carrykoin/


Reddit - https://www.reddit.com/user/CarryKoin_Singapore/comments/c05t5k/carrykoin_creating_the_future_of_ecommerce

Twitter - https://twitter.com/carrykoin

Write to us at [email protected]

WhatsApp us at +91 9826400037

Call us at +91 9826400037

What an employee of CarryKoin will get -

One of the aims of CarryKoin is to provide a 'Next to No One' work environment. We will surround our  employees with persons better than them. There will be immense learning from each other. We will promote meritocracy and allow merit to flourish.

The promoters promise to facilitate a dream place for employees to work and prosper.

CarryKoin is not a discounting model. It will earn its revenue through margin per unit of sale from sellers, advertisements, credit based merchandising, worldwide consumer data analytics, wallet charges, etc.

SWOT Analysis:

STRENGTH: Biggest portal for brick & mortar businesses across the world with real profitability and no discounts. The time is right as rate of internet penetration in India is all time high with 4G network reaching to the remotest part of India. The platform is already ready for a world giant to enter and set-up its operations in the shortest time ever. The educating phase of online shopping is already over and people are more & more interested in online shopping and viewing it as a convenience for years to come.

WEAKNESS: Logistical and Technology platforms will need evaluation and integration. The technology platform has to be future ready and should look 300 years forward for all protocols to be in place. For a great consumer experience, lot of initial hiccups have to be faced and provided for. An enterprising team in every cluster is very essential to understand the market dynamics and foresee the consumer behavior.

OPPORTUNITY: To be World’s most valued Start-up of > USD 50 billion in 2 years’ time. We can make a perennial legacy for 7.3 billion people.

THREAT: The cultural gap is high between state to state, region to region, country to country. One format will not fit all. CarryKoin will ensure that every cluster will have provisions to tweak the App in the local mode, which will address the cultural concerns of the cluster.

CarryKoin is not a discounting model. It will earn its revenue through margin per unit of sale from sellers, advertisements, credit based merchandising, worldwide consumer data analytics, wallet charges, etc.

The focus of CarryKoin will always remain in value accretion and unleashing the potential of information technology enhancing the quality of buyer-seller experience. It will be a very high end technological platform, which will see future deliveries via drones, IoT based products, AI, Data analytics, etc. along with complete migration of global trade to Blockchain, thereby removing the geographical boundaries for a Never Before buyer-seller relationship.

Unique features of MINT are –

- Decentralised, not owned by anyone, belongs to the world
- The currency provides its own internal regulation, distributed ledger on a blockchain
- Global validators for enforcement of internal regulations
- Stable, Non- fluctuating
- Not tied to any country or geography
- Consumption in global commerce by buyers and sellers (largest blockchain application ever powering world commerce and spread of currency)

Around this retail e-commerce, digital currency MINT, Wallet for e-Pay, Credit facility, Entertainment Services, Advertisements, Consumer data analytics, will be seamlessly interwoven for pure play of all commercial activities. Worldwide traffic will follow the in-store experience and personal convenience of shopping.

MINT is the digital currency which does not belong to anyone, decentralized, not tied to any country or geography, consumption driven for global commerce. It is created as a global currency in a new and disruptive approach to digitalise Offline to Online e-Commerce in a unique way. A Giant mine of 20 trillion MINT coins will get created (1 MINT pegged at 1 US $) with the participation of global community in the 1st ICO/ IEO of CarryKoin. The economic activities of CarryKoin will create value for MINT.

CarryKoin will be self-sustaining within one year of its pan India rollout.

Enough revenue and profits will be generated to take it global on its own business metrics. A large part of the revenue will be reinvested in technology. Ultimately once the enabling work of global digitalization is achieved, we will be ready with the largest application of Blockchain and whole commerce will be migrated to it.

Encouraging Loyalty:

In all TV channels & National & Regional Newspapers on pan India basis an advertisement will be issued along with promotional offers/ MINT for App download. The ground team at Clusters will educate the sellers and buyers. We expect there would be 50 million App downloads in 30 days. It will further spread by word of mouth as sellers and buyers start getting used to it. Hence we develop an eco-system of dedicated consumers/merchants/cluster team/closely monitored P&L accounts/next quarter target GMVs/control over company health.

CarryKoin plans to achieve All India rollout of E-Commerce operations in the 1st year. It will be followed by replication of the model, country by country, 2nd year onwards. CarryKoin will be worth attracting trade & commerce $ 20 trillion of volume by the end of the 10th year, on full scale global operations basis. We will follow the strategy of ‘minimal exposure, maximum learning’ approach, while carrying out global rollout. We will change and tweak the strategies as per the market.

CarryKoin is complimentary to many government priorities like -
 
Make in India - E-commerce providing platform to enable and support sellers, SMEs, and MSMEs. E-commerce promoting wider reach and opportunities for artists and craftsmen.

Digital India - Improved digital infrastructure, a key enabler for e-commerce. Increased visibility of sellers in tier II, III, and rural areas due to a rise in e-commerce penetration in these areas.

Startup India - Simplified process for establishment of a startup to enable more tech startups. Promote entrepreneurship in the entire e-commerce value chain. Self employment will exponentially increase.

Skill India - E-commerce to support skill development of SMEs and also train village level entrepreneurs.

Rurban (rural urban scheme)- Inclusion opportunities in the e-commerce ecosystem, creating employment opportunities in these segments. Also creating demand from rural areas.

Exports – Opportunities for millions of sellers to sell to the world through the marketplace of it. MINT is the digital currency.

Employment for all – CarryKoin creates 20 million more jobs in India by 2020, which will continue to increase further as the percentage of online shops will increase year on year.

Synergy with local Government Schemes

CarryKoin creates following patterns in India and globally -

•   Employability for people with basic/no formal qualification
•   Opportunities for skilled jobs
•   Empowering women
•   Change agent for sellers, craftsmen, and artisans from smaller towns
•   Reaching interiors of the nation
•   A catalyst to facilitate entrepreneurship
•   Logistics - the largest contributor to the e-commerce employment
•   E-commerce - becoming a newer focus for IT/ITeS
•   E-tail promoting growth of sellers, merchants, and SMEs
•   Promoting employment for other industries (like payment wallets and advertisers, real estate, services such as housekeeping, catering, and security, transportation such as cab services, flight services) 
•   Creating opportunities for artisans and craftsmen
•   Employment generation in the interiors of the nation
•   Return of enterprise talent - E-commerce triggering the brain gain (start ups)
•   Empowering the people with disabilities

OPPORTUNITY FOR EMPLOYMENT GENERATION :

CarryKoin is the market place of all commerce, shop of all shops. CarryKoin recognizes that the Online commerce in India is just 3.5 % of the total retail and globally just 10 % of the total retail. It also recognizes that the present discounting model is flawed and self-inflicting. Since the present online percentage is so low, the damage due to wrong business model can be arrested by a bigger all-encompassing model of CarryKoin’s rollout – Increase the basket of online sellers by speedily converting all offline retail (do it for me) to online. At the same time, maintain such a large scale of rollout (1st year, all India rollout – cluster based and 2nd year onwards global rollout – replica of cluster based) that the present e-tailers with their inherent defective business model are circumvented and they also come under the umbrella of CarryKoin.

We are looking at $ 20 trillion of global commerce by 2028, which will take e-commerce from present 3 % to 30 % of world GDP – a complete game changer. It is too big to dream and too big to fail.

The unprecedented growth in e-commerce due to CarryKoin has the highest potential of employment generation. It has the potential to create 20 million more jobs in India by 2020 and 200 million more jobs globally by 2028.

ADDRESSING RURAL DISTRESS: RURAL CLUSTERS

CarryKoin has the potential to completely change the Indian and world demography. CarryKoin is the 2nd important profession (after farming) which creates inclusive growth. While there has been several plans to have inclusive growth of villages, small towns along with cities, they have failed miserably due to the single factor ‘income’ which has been steadily decreasing at the farmlands leading to movement of people to cities, congesting it and creating all-round unhappy society.

Rural clusters lack market in real sense. Farmers constitute the majority of the rural area. Farm produce do not fetch the right value to the primary producers in the absence of a market. Rural clusters will address this social malaise and replicate the success of farming globally. We expect five fold rise in the farm incomes, thereby influencing the socio-economic fabric of the nation for a more balanced development.
Consider the irony while the farmers sell potato at Rs 1 per kilo, the end users in cities are buying that at Rs 10 per kilo. There is price jump of 10 times, which is distributed among the middlemen, millers, contractors, cooperatives controlled by politicians, all working as a syndicate system. This syndicate has nothing to do with actual production and pockets 90 % of the money, while 10 % is left with the primary producers.

Farmers are not able to have profitable return causing severe distress. 70 % of Indian population are engaged in farming and are desperate for someone to establish an efficient market for them, where the primary producers will be able to get at least 60 % of money, which the end users are willing to pay.

CarryKoin will address this social problem and make farming profitable. Rural clusters will be the sourcing and inspection arm for large vegetable grocers like Reliance retail and Mandies. Pan India rolling orders for year long will be picked up on CarryKoin platform on a B2B basis. Clusters will execute the orders based on their inventory and shelf life of the farm produce. Farmers will sell potatoes at Rs 6 per kilo to CarryKoin cluster buyer, while the end user continues to pay Rs 10 per kilo. The balance 4 rupees will be split between CarryKoin and the buyers (wholesalers to retailers) on B2B contract. Everyone makes money.

The inefficient syndicate system and Middlemen will vanish. The money which was lost to them will now come to farmers. Farming will become a profitable proposition as the market for the produce is ensured by CarryKoin. As this system matures throughout the country, CarryKoin will encourage local village heads to take care of the sales, while it will focus on other value propositions on the platform and earn revenue.
CarryKoin brings income to small sellers at villages and small cities by giving them a shop in the online market place and opening the world market to sell. Gradually, PURA (providing urban amenities at rural areas) will come since income will be with the farmers. Real time growth of equity is shared among its citizens and society evolves equally. We are seeing fundamental correction worldwide through CarryKoin, where inclusivity will exponentially grow. 

No organisation has a right to exist if it does not address the urgent needs of the society. CarryKoin will start with this social endeavor and will put forth solutions of different social malaise throughout its existence.

Social Impact of the new E-commerce model:

Just like Google does not differentiate between the query on Mercedes and mineral water, this will not differentiate between the orders of Armani suites and Sweets from villages, this is a life changing juggernaut which will convert huge population of non-consumers to consumers, seamlessly advancing trade across all models, anywhere to anywhere, through an app converged on the smart mobile in your palm. It will be the power of digitization in real sense, people interacting with a digital highway through their smart phones, value unleashing in unimaginable scale to realize ONE WORLD MARKET.

E-Commerce has brought about many changes in business organizations across all verticals and has had significant impacts on the quality of life that is experienced by individuals or even indirectly as members of society. At CarryKoin, the house-hold men & women, home talents, special talents who are not able to start commercially, will get an opportunity to showcase their art, talents, abilities and make a living for them. They will get a portal to reach to targeted customers, across all geographies with a complete business offering. The rural sector will be connected within itself and with urban India on a business front. The showcase of products will not be a problem for any talent/business anymore, anywhere. All this will be available at a fraction of a cost. All sections of society across all ages will get a platform to reach out to its locality and further reach to any potential clients across India/World.

In India, where opportunities are not provided pro-actively to girls & women; will get a platform where they get to show any talent/offering they have across deep rural India. They will also be accessible to valuable products to avail and move forward their businesses/talents. Deep rural India will be connected any part of the world. Good government schemes, bio-metrics reach, citizenship schemes, etc can be leveraged to all parts of India and the world for seamless trade, opportunities to rural youth and social uplift bringing a better civilization going forward.

This is to Thank You for your comments. We agree execution model will be challenging. However, the timing is right. ‘Do it for me’ is the crying status of local offline retail, who wants someone to do it for them. The enabling environment is the penetration of smart phones which is globally crossing 50 %. Hence, we are confident. We will do it.

CarryKoin contributes to people’s happiness. It focusses on information technology to bring revolutionary changes into people’s life.

The ICO community has always partnered with people who have big ideas and weren’t afraid to take risk and bring those ideas to life.

The India foray of e-Commerce is an evolving story, where CarryKoin presents the solution to its goal of digitalizing and bringing the world commerce on one blockchain platform.

The top companies touching the lives of people are – (Data is old)
Softbank – 36 years of operation, presence in 17 countries, market cap of $ 90 billion
Google - 19 years of operation, presence in 40 countries, market cap of $ 750 billion.
Wal-Mart - 55 years of operation, presence in 27 countries, market cap of $ 300 billion.
Amazon - 23 years of operation, presence in 16 countries, market cap is $ 700 billion.
Alibaba- 18 years of operation, presence in 11 countries, market cap of $ 480 billion.

In Indian market,  Flipkart is sold to Wal-Mart, fresh investments done in Paytm, which is co-owned by Alibaba. However, both Flipkart and competitor Amazon work on a faulty business model of discounting.

The world awaits an interesting story, which is unfolding among the above companies. Google and Wal-Mart have robust business models, but they are threatened by inconsistent models of Amazon and Alibaba. Both Amazon and Alibaba are e-Tailers who deconstruct the value of products and services by discounting model. Both are in their explosive growth trajectory and are eying the same customer cutting down the revenue stream of Google and Wal-Mart. Indian player Flipkart (along with Snapdeal) plays the same losing game of discounting model. We see that it will continue to lose its net worth.

Wal-Mart is the largest retailer of the world. Its format stores are struggling and it is finding it hard to grow. Digital is the way, but inconsistent business models of Amazon and Alibaba does not suit it. They are the largest internet retailers of the world and are giving it tough competition category by category. Further, competition has picked up with Amazon acquiring Whole Foods. Its revenue stream is quickly growing and it is earning from all means. Google is the largest technology company of the world, whose website is most visited. 90% of the revenue stream of Google is advertisements, very innovative cost per click (CPC) models, major markets being US (45%), UK (10%) and Balance from rest of the world. Amazon is looking at sponsored advertisements and looking at 20% of the gross advertisement revenue in another 5 years’ time. They desperately need this to offset the bleeding discounting model of their online retail. So there is bound to be loss of market share and shrinking operating margin for Google from present 30%. Google is therefore looking at the next big thing. It is, however, investing heavily into non-core areas, which will take it into lower networth.

While the above four companies slug it out in destroying each other’s value, CarryKoin  will construct the largest marketplace by digitizing global retail from 10% to 100 %. Eventually Amazon and Alibaba will operate under its umbrella. Wal-Mart will have exponential B2B growth in this market expansion.

CarryKoin will give the biggest push to technology by having a unique platform, which will control all commerce. All aspects of reaching out and entertaining customer will be on this platform. CarryKoin thus gives a natural extension of Google’s existing business, for which Google will be desperate to partner it.

CarryKoin is thus placed in an envious position, where all major companies of today will like to have strategic ownership. CarryKoin can qualify as one of the top three brands of the world by 2028 and can create or extend brand lives for many more years giving society its due.
 

Thank You for your comments. We can give the directions as of now -

Requirement - Volume of trade is a game changer with CarryKoin

Global B2C e-commerce is touching around $ 3 trillion and this is projected to grow to $ 4 trillion by 2020. But the present e-commerce is just 10 % of the total retail sales worldwide. Balance 90 % is offline. CarryKoin is targeting to convert all the off line retail stores to on line digital stores and provide a market place for around $ 20 trillion of end to end trade through CarryKoin. This will take the e-commerce volume from the present 3 % of world GDP to 30 % of world GDP. This is the level of Game Changer we are looking at with CarryKoin.

Market Capitalization of CarryKoin      : 100 Trillion US Dollars
Volume of business per annum         : 5 Trillion US Dollars
Number of trades per day            : 20 million
Number of employees globally         : 70000

Approximate Traction in India for understanding – Transactions ( 400 million per day), Live Shop Portals (1 million), Live Apps (300 million), Validators (3000), Ledger for accounting incentive Minto for 600 million users, Real Time (Invoice Generation & Transaction Settlement, Tracking,  Inventory Management, Management Reporting and Business Intelligence on operation at regional/cluster level on daily/ weekly/ monthly /yearly basis, Traffic Analysis, Customer Choice/ Preference/Demography Analysis, Slow/Fast Movement of Inventory Analysis, Customer Loyalty analysis, Promotions and Advertisement & Hits Analysis), Allied Services (Gaming, App Development & Hosting & Downloads, Messenger Service, Database Management System & Storage).

Same will be replicated country by country globally in 7 years of time. Likely to be 8X times of traction in India.

And once the enabling environment of digitalisation of more than 50 % is achieved, we plan to migrate all commerce to a new age blockchain.

WE NEED CAPABILITY OF MILIIONS OF TRANSACTIONS PER SECOND FOR THIS PLAY.

Work in Process - So far we have worked upon the consensus mechanism to reduce the time taken for transactions to settle. Hyperledger, Stellar and Ripple are using new consensus mechanisms (such as proof-of-stake) aimed at accelerating this process. The developers have used effective templates, Sharding/ Dappchains/Interoperability/ Network advancement to address TPS. SegWit and Lightning Network are promising solutions to these problems. SegWit by separating signature and transactional data reduces the “weight” of transactions. Lightning Network enables
transactions to happen “off chain” the end result added to the blockchain later. A lot of altcoins are promising surprisingly massive tx/s but these numbers are not proven yet. Most of these altcoins operate at lightning speed in the lab but significantly worse in the real world.

Looking ahead - We believe that the problem of scalability comes packaged with present blockchains, therefore, one cannot simply increase scalability by changing parameters in the blockchain. So a new look is needed to create the new age blockchains, which can do millions of transaction per second, take less computing power and less storage. We are confident that we will have the best of team and investments to work on it and give results in 7 years time. Parallely, we will be creating the enabling environment of digitalisation of retail from present 10 % upwards. Without this massive digitalisation, the eco system will not be complete for new age blockchains.

having the goal of turning offline stores into online for global is very difficult, I think that in the local area it is already very difficult, and in my opinion the purpose of this project is less reasonable to embrace investors

Well, may be 24k in high peak. But as I know average is 7k TPS in Visa. But this is far from millions as you said before. Can you explaine how do you van arhieve millions TPS while no one dont have so many TPS?

100 % AGREED. Thank You.

The enabling pillar of execution is E-commerce - Conversion of Offline retail to Online, from present 10 % to 100 % Digital.

Buyers get local shops, whole country and the world shops in their hand held smart phones. Sellers get their merchandise digitized and uploaded through the CarryKoin market place for servicing buyers in their local clusters/pan country and world consumers.

The value accretion is huge. The primary producers get the maximum money per unit of sale, Non consumers become consumers and the whole Off-line retail becomes On-line.

Core Execution Model has the concept of clusters -The world population is divided into Strategic Business Units (SBUs) known as CLUSTERS.

A dedicated team of CarryKoin will manage one cluster for rolling out E-Commerce services in the shortest possible time, getting the shops on line, micro managing the merchants’ stock update in real time, monitoring the traction (customer order booking to delivery), visiting customers in its cluster for feedback. Cluster by cluster the model is replicated to cover the urban areas, the rural areas, the whole country and the whole world.

The loyalty incentives through Minto reward points hedged with MINT crypto currency will unlease unimaginable eco system and speed of spread. For the buyer, the whole world market place collapses into his palm. For the Seller, the whole world becomes the customer base he can service.

While this execution model unfolds and digitalisation spreads, it also enables earnings/ revenue whose major portion is invested into developing the new age blockchain having million transactions per second, low computing and low storage requirements.

We need the new blockchain application to integrate the global commerce

Will wait how far you will achieve with your developments. It is good to see that you aim to surpass the current Visa's capacity. But actual implementation is another thing. Usually, that's where most projects failed, the actual realization of their project. They can give overwhelming promises but when it comes to actual output, there will be thousands of reasons why they can't achieve their deliverables.

Thank You for your comments.

We have looked up and stand corrected. Thank You.

The capacity of Visa is at 70000 TPS. An article in 2018 claimed to observe the following data -

1. Visa: 24,000 transactions

2. Ripple: 1,500 transactions

3. PayPal: 193 transactions

4. Bitcoin Cash: 60 transactions

5. Litecoin: 56 transactions

6. Dash: 48 transactions

7. Ethereum: 20 transactions

8. Bitcoin: 7 transactions

The blockchain scalability issue is there. There is race to reach Visa like transaction speed.

CarryKoin will be  investing in new age database, which can reach capacity of 1000000 transactions per second.

We foresee a future, where all commerce can migrate to a blockchain database system. That will be gigantic and need this level of capability.

Team CarryKoin

Are you sure in this? Visa has just around 7k TPS. I dont know where do you got this numbers. As for now no one of the blcokchain projects does not have so many TPS. This was just empty promises.

12) Augmented reality (AR) will be a strong driver for online and physical retail -We think that going forward, augmented reality (AR) rather than virtual reality (VR) will have the greatest impact on the retail experience. AR has the ability to blur the boundaries between the physical and digital worlds and with it the boundaries between online and in-store shopping. AR will give online customers an in-store experience, addressing the fit-and-feel issue that can deter consumers from making online purchases, particularly in apparel. For example, AR will allow consumers to virtually try on clothes and jewelry. This could significantly help lower returns on products that do not fit one’s body or personal space, such as clothes and home furnishings.

11) Hyper-connectivity will create new dynamics in retail -By 2028, consumers will be living in a hyper-connected, high-speed world where the Internet of Things (IoT) and machine-to-machine (M2M) connections will make retail more efficient and effective. Connected retail display cabinets and smart product tags will be common place, enabling retailers to track demand and report on stock levels in real time, which in turn will improve supply chain effectiveness. M2M will play out in adjacent sectors that will impact retail. For example, connected driverless cars with built-in GPS and video screens supporting streamed content could become an important marketing platform for brands and retailers. Connected appliances in smart homes could also become part of the retail equation, and Amazon is already exploring the opportunities with its Dash Replenishment Service (DRS) allowing consumers to make their own purchases.

10) Context is king with Digital assistant - Moving from a 2-D to 3-D customer perspective. There will bemore digital services, platforms and devices than ever before, capable of generating data insights, including social media and messaging apps, location-based services, and online and mobile payments. On the devices front, smartphones, tablets and connected TVs will be joined by wearable, medical appliances, connected cars and multiple embedded touchpoints in smart homes and cities. There will also be a rise in business models that leverage predictive analytics to take product. Another element of the curetted shopping experience will be the emergence of the next generation of digital assistants. Today’s digital assistants, in the form of Siri, Cortana and Google, are just the beginning, and going forward, digital assistants will become far more sophisticated, applying the cognitive power of artificial intelligence to e-commerce.

Thank You Very Much for your response.

Traditional centralised database systems like Visa/ Master cards can process millions of transaction per second.

The decentralised Blockchain applications are limited by low transaction speed (around 10 per second for Bitcoin), high computing power and high storage requirements.

A lot of promising breakthrough is there to harness. We are aiming to invest 20 % of our e-Commerce revenue per annum to address this limitation. We  expect to come out with new age blockchain applications in 7 years time having all the pluses of a decentralised blockchain application and also matching the positives of traditional centralised databases in terms of high transactions per second, low storage and low computing requirement.

Team CarryKoin

Millions of transactions per second? This looks another one empty promises... As for now no one project does not have so many TPS. As I know max is around 10k TPS per second.

9) Prepare for a mobile payments boom, driven by m-commerce -Mobile loyalty is in the ascendant. Mobile will soon become the dominant channel for loyalty programs and rewards. Mobile-enabled loyalty programs can provide levels of interactivity and engagement that traditional programs cannot match. Mobile channels, particularly when location-enabled, can provide rewards in real time. They can be further enhanced by social and gratification elements, which can help foster a sense of community around a program. There is also a practical element to mobile loyalty programs and rewards – the convenience of being able to load multiple digital reward cards into a mobile wallet. Even advertising will be a mobile-first experience.

Towards a mobile-centric retail experience -Mobile is the glue between digital and physical universe. Mobile devices are already a key platform for digital content and communications, and the same is becoming true in the retail and commerce domain. By 2028, contextual location will be an integral part of the retail experience, driven by mobile technology. The ability to identify a user’s location and deliver targeted, timely, contextually relevant information, advertising and marketing messages is a powerful, compelling proposition. Moreover, the real-time aspect of location analytics will offer a more adaptive approach to marketing, enabling retailers to change their marketing and engagement in real time to meet an individual consumer’s needs. There is already a growing focus on hyper local commerce – precise targeting within a highly defined location – both outdoors and in building. A positive scenario for hyper local commerce is based on the premise that retailers, brands and other stakeholders proceed with great care. For retailers to make a return on investment for hyper local commerce, widespread consumer acceptance will be needed.

7) Fulfillment is a major battleground, ushering in new models of Delivery -One-hour delivery services, click and collect delivery, etc.will create partnerships among Internet-based retailers to build up physical collection points. We also foresee non-competing physical retailers collaborating to allow the collection of each other’s products in each other’s stores. This will allow them to maintain a virtual geographic presence despite the need to reduce their own physical store networks. The largest players will invest in their own delivery systems in order to gain differentiation, as Amazon has already done. The use of drones and driverless cars, Uber-style delivery, etc will emerge as the key differentiator at the retail level.

6) An increasingly fragmented physical footprint -The sale of branded products will continue to migrate to the web, as online merchants benefit from price-comparison. The “pile them high, sell them cheap” model will only remain viable at the very lowest end of the market, where the urgency of attaining products and the lack of a delivery charge supersede a lower online price. Demand for large-footprint physical retail space will continue to fall, as the need to keep complete inventories in stock at every store diminishes due to improved logistics built around online delivery. This will increase the pressure on the existing space to be more efficient and effective, although the ability to understand and measure the impact of physical space becomes more problematic as channels merge.

5) Manufacturer brands gain more power in retail -For many retail sectors, physical retail space will include more manufacturers and private-label retailers increasingly looking to showcase products and build brand awareness directly with consumers, with less emphasis on “take home” product transactions. These will tend to be small format stores. Smartphone and tablet manufacturer Samsung took a similar approach for its flagship Galaxy device, creating a network of Samsung Galaxy pop-up studios to showcase and sell the product.

4) Pure play and physical retail (blurring boundaries) - Physical retail will still exist, but it will need a good reason to exist. Online moves into the real world. New entrants to retail will typically start from an online pure-play perspective, moving to test out physical retail space with pop-ups and then networks of collection/showcase stores. This is already the case in furniture. For many customers, one visit will be enough to build the trust necessary to make future purchases without needing to physically see and feel each new product. Existing pure-play online retailers will continue to develop physical presences, mainly to enhance fulfillment and customer service for multi-brand sellers. For most, this will take the form of partnerships along the lines that are emerging today, such as the click-and-collect models adopted by UK retailers.

3) Collaborative consumption -The trend for collaborative consumption that is emerging today, whereby technology is used to facilitate the borrowing, sharing, lending, renting and swapping of goods and services, will become more pronounced by then. The sharing economy is also being shaped by a mindset that is far more attuned to environmental issues and the need to maximize existing resources.

2) The pretzel-shaped shopping journey -Due to the proliferation of wearable devices and technology, smart TVs, connected cars and household appliances, beacons, and other technologies, the consumer journey in 2028 will increasingly look like a pretzel that twists, turns and loops back on itself. Consumers can start and end their shopping experiences on a mobile platform, in store or online. It is a fluid movement that will be even harder for retailers to keep up with or predict because it will include a growing number of devices and touch points.

What Significant benefits the customer will enjoy 10 years from now

10 years from now, the Customer will be able to enjoy the following experiences -

1) Convenience – the word is “anywhere, anytime, whichever way the consumer wants it.”Instant gratification and Instant access driven in particular by millennial (born 1980–95) and also by Generation Z consumers (born 1996–2010).The desire for shopping experiences will intensify. This will translate into interactive, highly engaging online and real-world retail environments where augmented reality (AR) plays a key role. The provision of distinct and tangible shopping experiences, online and real-world, will become a key means to enhance and differentiate a brand’s value proposition. And retailers who fail to meet expectations will fall by the wayside.

Working Principle-

There is no portal in India, as of now, which is connecting all shops of India to all the people of India. The need is to run this Shop-Buyer network like a nationwide movement and not like a business, like a massive wave going all over India and replicate the same throughout the world. The business needs to move ahead in such a way that profitability becomes a by-product. Importantly, here the seller has an identity, unlike other shopping portals. The buyer knows from whom he is buying; he has got the trust to buy from a shop and therefore there will be very minimum returns, a key concern in any e-commerce business. The vision is to get all the shops in the world to walk to all people in the world. It will be a marketplace “Too big to fail and Too big to copy.”

Volume of trade is a game changer with CarryKoin-

Global B2C e-commerce is touching around $ 3 trillion and this is projected to grow to $ 4 trillion by 2020. But the present e-commerce is just 10 % of the total retail sales worldwide. Balance 90 % is offline. CarryKoin is targeting to convert all the off line retail stores to on line digital stores and provide a market place for around $ 20 trillion of end to end trade through CarryKoin. This will take the e-commerce volume from the present 3 % of world GDP to 30 % of world GDP. This is the level of Game Changer we are looking at with CarryKoin

HOW E-COMMERCE IS DIFFERENT WITH CARRYKOIN -

•   CARRYKOIN IS NOT THE NEXT ONE IN DISCOUNTING LEAGUE.

•   CARRYKOIN IS UNIQUE. IT DIGITISES ALL THE OFF LINE SHOPS TO ON LINE.

•   FREE FLOW OF TRADE HAPPENS THROUGH THE MARKETPLACE PROVIDED BY CARRYKOIN. A CENTRALISED COURIER CARTER, POST OFFICES, RAILWAY KIOSKS, ETC. PUSHES THE GOODS FROM THE BUYER TO THE SELLER IN THE MINIMUM TIME WITH TECHNOLOGY TRACKING.

•   AT CARRYKOIN, THERE IS A GREAT VALUE ADDITION IN TERMS OF SHOPPING AT LOCAL PREFERRED SHOPS ACROSS ALL CLUSTERS.

•   CARRYKOIN HAS GOT A UNIQUE STRATEGY WHERE 50 MILLION APPS WILL BE DOWNLOADED IN 30 DAYS TIME.

•   CARRYKOIN HAS ALL VERTICALS. IT’S A PURE PLUG AND PLAY.

•   SHOPPING WILL REMAIN CONSISTENT WITH REPEAT ORDERS DURING ENTIRE LIFETIME OF A BUYER. THE BUYER GETS CREDIT FACILITY FOR CONSISTENT BUYING AT THE END OF THE MONTH.

•   MINT IS USED TO INCENTIVISE THE ECOSYSTEM, THEREBY DISTRIBUTING WEALTH TO LOYAL CUSTOMERS

•   CARRYKOIN WILL RECREATE THE MARKET SEGMENTATION BASED ON POPULATION DENSITY. NEW MARKETS WILL BE INDIA, CHINA, USA & EUROPE, AFRICA, REST OF THE WORLD.

•   THE BUSINESS MODEL IS TUNED WITH A MISSION TO BRING HAPPINESS IN THE LIFE OF PEOPLE BY TECHNOLOGICAL APPLICATIONS.

CarryKoin is the solution for Global e-commerce:

1) Focus on value

This is number one priority, always. You need to focus on how your product or service can add value to your buyer. May be you are helping to free up more time for them to focus on other parts of their job. Maybe you are making their payroll process more efficient and cost-effective. May be you are removing all the intermediaries and giving maximum return to the primary producer. May be you are giving the chance to a local town shop famous for his Rasogollas to go global. May be you are helping the average buyer with essential groceries towards the end of the month when all his salary is spent. May be you are helping the seller with volumes and demands in other clusters and across country. May be you are converting all the non consumers of village goodies to consumers in cities.

2) Create the marketplace

90 % of the retail is offline. CarryKoin brings them on line to create the real market place using technology for trade and consumption. It’s a 20 trillion dollar of marketplace being created.

3) Social change (bottom of pyramid)

The digitization of small Mom and Pop shops, rural shops, non-Tin shops, hawkers, etc to a marketplace, where buyers can give huge volume to their goods will realign all the money to efficiency and quality, which knows no geographical boundaries and rich-poor divide. This will bring focus to the efficient products and services and unleash enterprise potential across the geography. All unstructured & undefined products become online from small Mom & Pop shops -Aquarium shop, Steel Utensils shop, Achar Murabba Papad shops, Hammer & Chisel shops, Lonavala Chikki, Curtains & Sofa Cloth, Car battery, Car tyre shop, Cement bags, Special Paan of Kolkata, Stationery, Fancy dresses on rent, local sun glasses shop, garden chair shops, home decoration shops, sports shop, etc. People are accessible to all the shops nationwide/worldwide. The shops can upload any product at any price and offer to customers nationwide/worldwide.

4) The Seller bears all cost

The seller offers hassle-free exchange and return policies to increase their brand proposition.

Few of the problems with the present e-commerce model are –

1) Wrong Strategy - They are always on an End of Seasons Sale mode. Customer perceives them accordingly.

2) Lack of Confidence -  As soon as you offer a discount, your customer immediately loses confidence in you and sees that you don’t stand behind what you’re trying, wholeheartedly, to sell to them.

3) Growth of wrong marketplace - When you offer a discount, whether it’s the first engagement or the fifth engagement, there’s no going back. As soon as you lower your price, your customer will expect to see the same thing next time. That’s just bad business.

4) Value Deconstruction - Most people value something based on it’s price. Since price is fluctuating, customers perceive the present value as having high margins and deconstructs the real worth of the product.

5) Lack of Customer loyalty – The customer does not perceive value in the fluctuating price of the product and hence is not loyal to anyone.

6) The Mounting losses –Discounting is a vicious cycle. It is a never-ending cycle, that leads you back to that very first discount. Hence, present e-commerce companies are bleeding and moving eventually to phase out this model.

Inconsistencies of present e-Commerce model:

The e-commerce companies operate as e-Tailers having their own inventory. The business operates on discounting model, which is a cash burner. The discounts vary from 10 to 70 %. The e-commerce companies in India have made a combined loss of $ 1 billion in the last year’s operation. Their model looks for loyalty from the customer, which is illusive, as it is tied to the discounts on offer. As a result, the e-commerce players are playing a losing game of thrones. Snapdeal is already into deep trouble and Flipkart is sold to Wal-Mart. The present business model is flawed and it’s a matter of time, it will collapse or phase out.

CEO’s Perspective:

The CEO leads the successful digital transformation of the world through CarryKoin & MINT to provide:

-   Direction of the business

-   Selection of the right team

-   Gardener for grooming the digital transformation

-   Relationship with stakeholders

-   Capital allocation

-   Management Review

-   Operations Review

-   Leading Innovation

-   Spread of digital currency MINT globally

-   Development of the largest application of Blockchain

-   Migration of World Commerce to the Blockchain platform

Creating the Future of E-Commerce : CARRYKOIN & MINT

VISION –
To Be a US $ 20 Trillion E-Commerce marketplace in 10 years’ time

MISSION –
To organize all the trade in the world and make it accessible for everyone in a useful way

VALUES –
The top ethical brand in the world- “CarryKoin & MINT “.

Data – Ownership, Privacy & Use

- The story is of data and the access to it. The burgeoning retail trade through online platforms has data flows at its foundation. The e-Commerce sector is driven by technology and data. e-Commerce and Data are emerging as key enablers and critical determinants of a country’s growth and economic development. Data is a valuable resource for any individual, corporation or a Government. Access to data helps in informed decision-making. Data can be used for analytical, statistical, business and security purposes. 

- Economic development is based on data which is generated, stored, transmitted or processed in large volumes. Data is at par with other resources on which a country would have sovereign right. It is said that data is the new oil. Therefore, just like oil or any other natural resource, it is important to protect data, prevent its misuse, regulate the use and processing of data and address the concerns related to privacy and security. 

- Data enables the domestic industry to benefit from the advantages and opportunities created by e-Commerce. The marketplace is all for sovereignty of a country on the data created by its citizens. All emphasis is on the development of secure and stable digital infrastructure wherein data centres, server farms, towers, tower stations, equipment, optical wires, signal transmitters, antenna, PoS will be aggregated. Keeping the data of a country in its local data centres shall be stated principle.

- Location of the computing facilities like data centres and server farms within the country will not only give a fillip to computing in that country, but will also lead to local job creation. With changes in technology and evolution of the economy, current ways of doing business will change. Many aspects of business activity will get automated and there will be increased use of artificial intelligence.

- Economic activity is likely to follow data. It is hence vital that a country retains data created in that country to become a major job creator.

1 MINT = 1 US$

Why Blockchain ??

- Raise 200 m dollars from participants through ICOs/ IEOs. The blockchain will maintain the MINT coins ledger. The money raised will be invested in creating the e-Commerce market place.

- Rewards / Points system (Minto) shall be hedged with MINT coins on the Country Node on the blockchain.

- The interplay of MINT/ Mintoo to create the next generation shopping experience

- The blockchains as on date are costly due to large computing, power, storage requirements and are very slow on transactions. We need new blockchain model, which can cater to millions of transactions per second, will need very low computing power & storage space similar to centralised database system and will be cheaper and easy to maintain, while having all the good qualities of a blockchain. There are none now. A large part of the Revenue earned on the market place (around 20 %) will be invested in creating this new age blockchain.

- We expect to create the same in 7 years time. The global commerce can then be migrated on this blockchain. 

Country Node India 

- 77 million MINT coins in the Country Node (of India) after completion of the 200 million $ raise of ICO/ IEOs.

- An equivalent 77 million reward points “Minto” given to the shopkeepers as joining bonus for running 1 year long reward points   

- Reward points accounting debit-credit will be automatic on the marketplace

- On completion of 1 year of joining, all the Minto will be distributed proportionate to the purchases to the customers, it will be nearly exhausted with shopkeepers. For continuity of the reward points, shopkeepers will buy fresh Minto on the platform from the Country Node

- Country Node will aggregate the demand, First it will buy fresh MINT coins from the Exchange and then issue fresh Minto on its platform so as to maintain 1:1 hedging of MINT & Minto. This will thus increase demand of the MINT coin.

The Giant Mine 

The Giant Mine is having 20 trillions of MINT coins. It will open –

- Whenever the value of MINT crosses 1 $ - More MINT coins will be given proportionately to the holders

- To create new Country Node for rollout in a new country for incentives (Minto) to offline shopkeepers

- Exchange fees, global validator incentives, as applicable

It is expected to exhaust 20 trillions of MINT coins in 10 years time

Utility of MINT Coin

- To raise money from participants through ICO/IEOs 

- To create a Reward system - incentive/ rewards/loyalty retention (Minto) offered by shopkeepers to customers, Reward Points (Minto) are hedged to the MINT coins in the ratio 1:1 on the Country Node.

- commerce, purchases, development of open source platform, crypto collaterals linked to MINT

- store it for wealth, demand drive from transactions to boost value, further issue of MINT from the Giant mine regularly in the ratio of holding/ stakes to keep the value pegged at 1 $ - Loyalty pays

- global validators - get paid in MINT and redeem on exchange

- Open source for startups to build their apps/ pure play for gaming, money transfer, etc linked with MINT raise

- New age blockchain having millions of transactions per second, low computing power and low storage

What is MINT ?
 
MINT is created as a global currency in a new and disruptive approach to digitalise Offline to Online in a unique way.

Unique features –
Decentralised, not owned by anyone, belongs to the world
The currency provides its own internal regulation, distributed ledger on a blockchain 
Global validators for enforcement of internal regulations
Stable, Non- fluctuating 
Not tied to any country or geography
Consumption in global commerce by buyers and sellers (largest blockchain application powering world commerce)
 
400 million MINT coins get released against 200 million US $ raised through IEO/ ICOs (1 MINT pegged at 1 US $) . Out of these, Country node will have 77 million MINT coins, which is hedged in the ratio 1:1 with 77 million Minto points.

A giant mine of 20 trillion MINT coins also gets created in the IEO/ ICOs for meeting future expansion (global rollout)

As the digitalisation of commerce spreads through the e-commerce marketplace, consumption of reward points and hence coins will increase. The coins will be supplied by the giant mine of 20 trillion MINT coins. Whenever it expands to a new country, new node is created. The giant mine will issue equivalent amount of MINT coins to that Country Node matching Minto reward points required for 1 year of sales in that country. The economic activities will create demand and hence value for MINT currency. The Giant mine will release further coins in proportion to existing stake to stabilise the coin.

In 10 years time, the Giant mine is likely to get exhausted, 20 trillion MINT matching 20 trillion US$ of consumption. 

Minto-nomics

For each $ of purchase, 0.25% of Minto will be given as Reward point to the customer by the shopkeeper

1 Minto = 1 $ worth of redemption

Validity – Lifelong

Each shopkeeper based on its annual sales will be given Minto for 1 year of reward system free as joining bonus

We expect 30 billion $ of sales from India market per annum, which means 75 million of Minto to be given as joining bonus for sales over a period of 1 year

Minto is hedged 1 : 1 with MINT with the Country Node. India Country Node will have 77 million MINT coins as per the Tokenomics
Whenever, value of MINT crosses 1 $, the Giant mine will push new MINT coins proportionate to the holding of stakeholders to keep the value at 1 $. As the Country Nodes gains more MINT coins, it will populate equivalent amount of Minto to the existing holders automatically. Thus holding of Minto gives more redemption bargain to the customers. 

When the Minto is exhausted with shopkeepers, they will buy further Minto on the platform from the Country Node. The Country Node will first buy MINT coins from the exchange and then populate equivalent Minto to the shopkeepers. Thus demand for MINT will keep increasing on the platform.

Crypto Reward/ Loyalty System Minto
 
Minto is the incentive/ reward points on the e-Commerce platform.

It is generated on the node of the blockchain maintaining the MINT currency ledger. Minto reward points is hedged to MINT crypto coins @ 1:1 at its node

Minto will circulate among the ecosystem participants as follows. For each credit of Minto reward points at one location, there will be a debit at another location  – 
Sellers will be offering Minto as incentive (just like coupons/ rewards) to customers (@ 1% of annual sales) 
Customers can redeem the Minto reward points earned towards purchases, social activities like gaming, etc
Decentralised Apps –facility of open source for App development provided they accept Minto.
Employees, Independent Validators of Blockchain transactions, associated delivery (courier) persons, business associates, trustees, etc earn their incentives in Minto

As an initial promotion, one years Minto is given as signing bonus to the shopkeepers joining the e-Commerce platform. However, this will be exhausted in 1 year time. Later on, shopkeepers will purchase Minto on the marketplace (hedged to country node of MINT blockchain). Increasing demand of Minto will fuel the demand of MINT (as hedging is 1:1) on the crypto exchange.

Minto as an incentive/ reward model is the front end. MINT crypto coins is the back end.

HOW ? Process Followed 

Enabler 
Penetration of Smart Phones – Threshold Level Reached

Solve
Global Online Commerce Low @ 10 %  - Convert Offline to Online Stores, Provide robust marketplace

Create
Digitalisation Wave in Next 7 Years - Spread MINT, Earn Minto, Take Global Online Commerce to Threshold level (>50%)

Develop
New Age Blockchain doing millions of transactions per second like centralised database - Migrate Global Commerce to Largest Ever Blockchain

WHAT is the problem we are addressing ? Marketplace for E-Commerce, Reward Mechanism, Blockchain Development

We are providing a marketplace for solving the following problems –

1) converting offline shops to online globally (e-Commerce)

2) creating a reward/ loyalty system on the marketplace through MINT/ Minto.  MINT is the global digital currency created during investment raise on an IEO/ ICO platform.  Minto is the reward point, which is pegged to the digital currency MINT (Reward Mechanism)

3) a new age blockchain platform that can support millions of transactions per second with low computing power and low storage requirement. Migration of all commerce on new age blockchain platform (Blockchain)

Thank You for your comments. We will like to know more about your views on FIXED COIN.

Increase in volume of MINT coin happens as the value of the coin increases and also as more countries are added to the global e-Commerce rollout of CarryKoin for reward and loyalty incentives of offline shops getting converted to online. The MINT Coin model is designed so that if you hold X percent of the MINT coin on the day 400 million MINT coins are issued on completion of IEOs raising 200 million USD and continue to hold till the end, then your holding will increase continuously based on your stakes as the giant mine empties all 20 trillion MINT coins.

Regards.

Team CarryKoin

like that with a lot of information that doesn't belong to anybody and not for what is not fixed coin it's a minus. and I think that sooner announced the project which IEO until next year, at least started a program of generosity

Thank you.

Team CarryKoin

Hi

Thank You for reaching out.

We have the domain with us. We will go live with own domain in Sept'19.

We are working on the dream project since 2015, completed the beta testing, tested the market and have gone through various modalities on investments. The enabling time is now with smartphone penetration reaching critical mass. The next in digital era is to get offline retail to online. And it is gigantic problem to solve - from present 10 % to 100 %. This will further enable the development of new age blockchain, which will allow milions of transactions per second.

Our revenue model is simple and replicated cluster by cluster, state by state, country by country. The major portion of revenue is reinvested in developing new age blockchain for which CarryKoin is creating the enabling environment by taking retail online globally to 100 % in 7 to 10 years of time.

We find Blockchain community as the best stakeholder in realising the mega potential of CarryKoin. Hence, we are reaching out.

The whitepaper is a serious proposition. Please go though and we invite critical comments on the model.

Regards.

Team CarryKoin

having no site, sharing whitepaper from google drive, but plan to spend millions in the bounty program? Whitepaper with a strange colors? Opened and lost any desire to read. Are you serious? You are even don't try to attract investors.

We ?

CARRYKOIN is a e-Commerce company based in Singapore providing a marketplace for solving the following problems –
-   converting offline shops to online globally
-   creating a reward/ loyalty system on the marketplace through MINT.  MINT is the global digital currency created during investment raise on an IEO/ ICO platform.
-   a new age blockchain platform that can support millions of transactions per second with low computing power and low storage requirement
-   migration of all commerce on new age blockchain


Summary of 1st IEO/ ICO
MINT distribution Starts on 1st Mar’ 2020

Bounty & ICO Program
Start of campaign :    10 AM (GMT) on Nov 1, 2019
End of campaign :   10 AM (GMT) on Mar 1, 2020

Bounty Program : Million Dollar Bounty Program to run from Nov 1, 2019 and end on Mar 1, 2020
No of coins Issued in the Bounty Program = 10,00,000 (1 MINT = 1 US $)

ICO Program : The Bounty & ICO campaign will culminate into opening of window for 1st ICO for $ 20 million.
Start :  10 AM (GMT) on Feb 1, 2020
End :    10 AM (GMT) on Mar 1, 2020
Payment Methods: Bitcoin/ETH/XRP, US$ (bank transfer)
Soft cap: 10 million US$ or equivalent Bitcoin/ETH/XRP
Hard cap: 30 million US$ or equivalent Bitcoin/ETH/XRP
Exchange : 1 US$ = 1 MINT
Coins to ICO participants (max in this ICO) = 4,00,00,000

What is MINT ?

MINT is digital currency which does not belong to anyone, decentralized, not tied to any country or geography, consumption driven for global commerce. It is created as a global currency in a new and disruptive approach to digitalise Offline to Online e-Commerce in a unique way.
Unique features –
- Decentralised, not owned by anyone, belongs to the world
- The currency provides its own internal regulation, distributed ledger on a blockchain
- Global validators for enforcement of internal regulations
- Stable, Non- fluctuating
- Not tied to any country or geography
- Consumption in global commerce by buyers and sellers (largest blockchain application ever powering world commerce and spread of currency)
A giant mine of 20 trillion MINT coins gets created (1 MINT pegged at 1 US $) with the participation of global community in the 1st ICO/ IEO of CarryKoin. To become a participant, the contributor creates an account on the CarryKoin ICO platform. During the registration & required KYC, the system will create a user profile and a wallet. Each participant of the ecosystem will be provided with a wallet that preserves all data in the decentralized database and interact with other parties, using smart contracts.
For the ICO/ IEO  –
-   Fiat Currency US $ (Bank/ Credit transfer) is acceptable payment mode
-   Bitcoin/ Ether/ XRP will be accepted
After the ICO/ IEO is completed, the participants/ stakeholders will receive the MINT coins as per the Tokenomics. The MINT coin is fractionally divisible (up to 3 decimal places), transferable and fungible. All coin transfers and accounts will be tracked. In case of force majeure eventuality of theft, contract compromise, etc. we may opt to freeze the fraudulent transactions and restore the coin registry to certain date.
A blockchain application will be limited initially to the smart contracts for record keeping of 400 million MINT coins only. As the digitalisation of commerce spreads globally through CarryKoin, consumption of coins will increase and the coins will be supplied by the giant mine of 20 trillion MINT coins.

Spread of MINT from the Giant Mine –
-   The Giant mine will be securely locked under protocols set by a conservative governing body, which will later evolve under a global trustee with representations across the world.
-   Initially, MINT coins can be released only when an equivalent fiat currency (or Bitcoin/Ether/XRP) pegged at 1US$ are received when invited. We expect to invite up to 200 million US$ from global community through multiple ICOs of CarryKoin. This will release 400 million MINT coins to ICO/ IEO participants, Promoters, Advisors, Bounty Participants, Initial Trustees apart from creating India Country Code for incentive applications. India Country Code will hedge MINT coins in the ratio 1:1 with the incentive/rewards points Minto.
-   When CarryKoin expands to a new country, another Country Node for that country will be created. And based on the business projection, the Giant mine will issue equivalent amount of MINT coins to that Country Node matching Minto reward points required for 1 year of sales in that country.
-   The economic activities of CarryKoin will create value for MINT. As its value crosses 1 US$, the Giant mine will release further more coins in proportion to existing stake with holders to increase liquidity for consumption, while keeping the value per coin at 1 US$. This action will continue as and when required based on decision by the governing body. It is an endeavour to ensure liquidity of increasing demand and desired stability of the currency by keeping the purchasing power per coin at 1 US$ maximum
-   CarryKoin will reach out to global community, banks, universities, financial institutions, fund houses, esteemed bodies, individuals, local bodies of repute, exchanges to be the nodal validators of transactions and recognise the currency MINT. The validators will earn coins released from the Giant mine.
-   The CarryKoin platform will be open sourced for development of all that meets commerce, which will fast pace the use of MINT/ Minto globally for applications
-   As the CarryKoin e-Commerce reaches global scale, makes footprints in each and every country, brings in the digital era and all shops to the customers palm and all customers to the reach of a single shop, we will see pure play of immersive shopping experience not just limited to AR/ VR/ holographs, but going beyond in bringing out economic and social changes.
-   We expect CarryKoin to reach global scale in 10 years time. At this point, the Giant mine is likely to get exhausted, 20 trillion MINT matching 20 trillion US$ of consumption.

Blockchain & Reward System on CarryKoin
 
Blockchain is for the following
-   Raise 200 m dollars from participants through ICOs/ IEOs. The blockchain will maintain the MINT coins ledger. The money raised will be invested in the CarryKoin market place.
-   Rewards / Points system (Minto) on CarryKoin shall be hedged with MINT coins on the Country Node. Country Node will be on this blockchain.
-   The blockchains as on date are costly due to large computing, power, storage requirements and are very slow on transactions. We need new blockchain model, which can cater to millions of transactions per second, will need very low computing power & storage space similar to centralised database system and will be cheaper and easy to maintain, while having all the good qualities of a blockchain. There are none now. A large part of the Revenue earned on CarryKoin market place (around 20 %) will be invested in creating this new model of blockchain. We expect to create the same in 7 years time. The global commerce can then be migrated on this blockchain.

Reward system in the CarryKoin platform
-   Minto is the name of the reward point on the CarryKoin network
-   For each $ of purchase, 0.25% of Minto will be given as Reward point to the customer by the shopkeeper
-   1 Minto = 1 $ worth of redemption
-   Validity – Lifelong
-   Each shopkeeper based on its annual sales will be given Minto for 1 year of reward system free as joining bonus
-   We expect 30 billion $ of sales from India market per annum, which means 75 million of Minto to be given as joining bonus for sales over a period of 1 year
-   Minto is hedged 1 : 1 with MINT with the Country Node, which is on the blockchain ledger of MINT coins
-   India Country Node will have 77 million MINT coins as per the Tokenomics
-   When CarryKoin expands to a new country, another Country Node for that country will be created. And based on the business projection, the Giant mine will issue equivalent amount of MINT coins to that Country Node matching Minto reward points required for 1 year of sales in that country.
-   Whenever, value of MINT crosses 1 $, the Giant mine will push new MINT coins proportionate to the holding of stakeholders to keep the value at 1 $. As the Country Nodes gains more MINT coins, it will populate equivalent amount of Minto to the holders automatically. Thus holding of Minto gives more redemption bargain to the customers.
-   As the Minto is exhausted with shopkeepers after an year, they will buy more Minto on the CarryKoin platform from the Country Node. The Country Node will first buy MINT coins from the exchange and then populate equivalent Minto to the shopkeepers. Thus demand for MINT will keep increasing on the CarryKoin platform.

MENTORS IN THE JOURNEY - BUDDIES
The alumni of the World Fame Engineering Institute, IIT Kharagpur, India has acted as a mentor in guiding the promoters to invest time, energy and resources to the development of Blockchain technology for a Business case as large as the global commerce. The development of any technology is for the greater good and happiness of the people. The lack of threshold level in digitalization in retail commerce (only 10 % as on date) was taken as a problem to solve and will be targeted by CarryKoin with utmost speed and scale worldwide. Further, resources will be committed for development of new Blockchain technology in 7 years time, which can record millions of transactions per second, take less storage space and low computing power. The world commerce shall be migrated to this blockchain application. The mentors have felt that an endevour of this scale will be true service to mankind and will spread happiness.
The promoters convey their gratitude to the mentors. The mentors will be guiding/ participating in future to realize the potential of this endevour.

Mentors who started/ participated this journey of the promoters are -
 
Vivek Jain
Age: 47
Education: MBA, Faculty of Management Studies, Ajmer-1997
Experience:
- Entrepreneur: Importer- China, Taiwan and Japan (13 years),  
- International Sales head for Living stones JewelleryPvt Ltd, Mumbai (4 years),
Present location: New Delhi, India.   

Aditya Pratap Singh
Age : 48
Education: Integrated MSc from IIT Kharagpur, M.Tech - IIT BHU- 1995
Experience:
20+ years in IT industry  with companies like Infosys and IBM primarily in Retail industry.
Present Location : Bangalore, India
 
RohitGoel
IIT Kharagpur-1995
A strategic leader in the e-commerce domain having more than 20 years of experience. Has Co-founded “Manchitra” in 2000, which provided online maps and driving directions in India, Enterprise GIS and Workforce management solutions to telecom companies and later got acquired by Israeli Company Clicksoftware.  An angel investor and mentor for startups. Location : Delhi, India   

Shashank Khare
IIT Kharagpur-1995
20 years of entrepreneurial and
product/technology development experience
Developing a disruptive crowd powered distributed short haul logistics network through technology which lowers cost and time substantially compared with existing players.
Location : Delhi, India
 
Rakesh Mohan
Age - 49 years
Education - Electrical Engineer from BIT Mesra
Work Experience - 26 years with different business verticals in Energy sector.     Presently managing Project Engineering and Procurement Support in Doosan Power, Korean MNC in India.  Well travelled with vast experience.
Location - Gurgaon India.   

Naveen Chandra Jha
Age - 53 years
Education - Electrical Engineer from MACT Bhopal
Work Experience - 28 years with different business verticals in Power sector with 5 companies in India and in Gulf . Presently managing a IWPP in Kuwait.
Location - Kuwait

PROMOTERS & BUDDIES
 
Raman Viswanath
Age - 49 years
Education - Mechanical Engineer from IIT Kharagpur- 1991
Work Experience- 26 years with different business verticals
Passion - Marathon Runner
Location - Singapore   

Shankar Narayan
Age - 49 years
Education - Mechanical Engineer from IIT Kharagpur- 1991
Work Experience - 26 years with All business verticals
Passion - Kids
Location - New Delhi, India
 
SaurabhRanjan
Age - 48 Years
Education - Post Graduate Diploma in Human Resources from XISS, Ranchi
Work Experience - 22 Years in diverse industries, operating over multiple jurisdictions as head of human resources. Key strength is turning workforce into a winning team.
Passion - Photography
Location - New Delhi, India   

Manoj Kumar Pegu
Age - 49 years
Education – Mech.Engineer from NIT Rourkela.
Work experience - 26 years EPC major
Passion - Travelling
Location – Dhaka, Bangladesh.

The Promoters commit to remain with CarryKoin for next 20 years as promoters. One key thrust of the promoters will be to groom successors who will take over the company. The company will have 300 years as its intended life to pursue human happiness.
 

History of CarryKoin
The initial seeding of the company was done by the mentors and advisors, initially as a small service company taking up local shop keeping work. It was January 2015. A very busy Vivek Jain was tasked by his wife to get an urgent list of household items. He was annoyed with the thought of stepping out of his house and taking the hassles of parking, shop to shop searching for the items. Well, if Flipkart, Snapdeal, etc can get you items from far off places, why can’t we have someone do this job for the local shopping. The desire to provide a solution was seeded that day. Every product in every vertical that a consumer may need in his local area should be accessible with real inventory, can be ordered through the smart phone, delivered on the same day, no delivery charges (or very minimum) and with exchange facility.

Well, the consumer may have his favourite shop in some another part of the city or even in another city anywhere in India or even in some another country anywhere in the world?  So how to get access to all these shops across India &the World with real time inventory and completely online?

A consumer likes to buy a product/service on the trust & faith that he has already experienced at a shop, so he is more interested in a preferred trustworthy shop as compared to buying a product from any isolated seller at any portal. That’s where the idea of CLUSTER was thought.
 
This idea was given shape to form a local commerce company and a small start-up was run. An office was opened in Gurgaon, India and field team was recruited. The team did a lab work with some 100 retailers and 10,000 consumers. Technology was outsourced and an App was made.

Sadar Bazaar, Delhi, India was the first cluster, which started in January 2016. Whole sellers & retailers were enrolled. A large chunk of Delhi population visits Sadar Bazaar for their shopping because of price difference of 30-40% as compared to any other retail market in Delhi. But the streets are too narrow and it is very difficult for two persons coming from opposite directions to cross each other. Consumers wanted goods from Sadar Bazar, but did not like visiting the shops. Here was a problem to be solved. The shopkeepers responded enthusiastically to the online portal. Traction was successfully carried out for a period of 12 months before it was closed down.

Asia’s biggest sub-city Rohini, Delhi, India was the second cluster. Rohini has high percentage of residential apartments & commercial malls. It has 8% of Delhi’s population. The second set of team worked with the retailers. The response was wholesome. They started uploading products on their own in the App. Cluster scheme was a hit as 100% of their orders were within the radius of 5 km of their shop. They booked orders online, delivered the products same day on their own and collected payment on Cash On Delivery model. The ground team worked round the clock monitoring traction (order booking to delivery), getting the shops on line, micro managing the merchants’ stock update in real time, visiting customers in Rohini apartments for feedback before it was closed down. Consumer behaviour insight was the biggest gain here.

The above two cluster operations are the critical lab work for testing the business model and maturing the thought process. Following this, the promoters joined to ideate and gave the global vision of the company. The old plan was discarded and the business plan was enlarged to a global service e-commerce company. Vision, Mission and Values statements were drafted and the ambitious scale of implementation was made.

The global scale rollout required huge investments for a self-sustaining national rollout in India in the first year followed by international rollout in the second year.

Then started the journey of presenting to VCs, Wal-Mart, Google, Softbank, Alibaba for investment to form a pure e-commerce service company.

In Feb’ 17, Alibaba was the first major company with deep pockets, which started discussions. In Mar’ 17, Wal-Mart India was approached for partnership. In Apr’17, it was deliberated to have highest standard of technology commitment and Google was identified as one possible company to be the technology partner. However, partnership did not happen.

There was churn among the group in the business model to be pursued – either as a service model or as a technology model. Two groups branched out.

The 1st group (present promoters) discarded the service model and has adopted the technology model. The present promoters have identified two problems to solve – (1) Increase digitalisation of retail from present 10 % to 100 % (with gain in social equity, employment generation and efficiency of commerce) and (2) Invest in developing next level of blockchain technology, which allows millions of transactions per second, needs less storage, low computing power and is equal in cost with the centralised data base system. The initial investment required was to be crowd sourced from ICO participants.


CarryKoin was named on 1st Mar’ 18 and the promoters wish it a life of 300 years for serving mankind by solving everyday problems and making them happy.  CarryKoin sees value in having Social purpose of its existence. Stopping farmers from committing suicide by giving maximum realisation of the produce to the producers and employment generation has been taken on board. Facilitating a market place for farmers has been adopted in the Rural clusters of CarryKoin. Promoters identified Timing as a very important issue in realising the goals. Penetration of smart phones to 50 % of population and cheap data availability by 2018 was identified as the main enabler.

The 2nd group (mentors) went on pursuing the service model and sought partnerships for investments with no result. The mentors have remained associated with the present promoters in guiding and supporting the development. Further, the alumni of the world fame engineering institute, IIT Kharagpur, India has also invested their time and energy in guiding the present promoters to work on developing Blockchain technology for a business use case. Present promoters expect the mentors to join and come on board as CarryKoin evolves and takes growth path.

Camford Law Corporation of Singapore was subsequently appointed as the legal advisor to CarryKoin Pte.Ltd and the company was registered in Singapore.

An year long exercise has been done in Pre-Planning of the business juggernaut, which led to multiple negotiations and presentations of IT vendors, Colocation vendors for Data Centre management, ICO launchers with the nuances of crypto dynamics and smart contract. This has led to formalisation of the White paper, Business Plan, Crypto economics, Technical, Roadmap, etc. MINT was adopted as the next global digital currency in Mar’ 2019 after analysing SEC regulations in few ICOs and implication of Howey test on currencies/securities, etc. MINT will meet all terms for a sound digital currency the world must have. A reward model Minto has been worked out, which will be the main incentive running through the e-Commerce market place of CarryKoin. Minto has been hedged with MINT coins of the Country Node on 1:1 ratio and shall create demand for MINT coins.

We are approaching you for Pre-Raise of US $ 200K

Why this pre-raise ?
The pre-raise is for the following –
-   cost of doing the 1st IEO/ ICO
-   cost of registration and office establishment in India
-   cost of digital content creation, PR, listing & outreach
-   establishment costs of Singapore office

How is the participant rewarded?
On successful completion of 1st IEO/ ICO, MINT coins shall be issued to the participant in the ratio of 50 MINT coins for each dollar participated (1 MINT coin = 1 US $)