I simply don't see how the tokens are useful.
Quote from the whitepaper:
SGG token is a crucial part of SGG platform and will become increasingly valuable and
liquid commodity with platform release and maturation. It will be used internally by the
system to enable high-volume no-fees transactional bandwidth and It can be also used by
customers to make purchases, promote listings, post advertisements, run powerful seller
tools, post in restricted commercial sections (such as for auto dealers, realtors) and much
more.
This doesn't really explain anything, except for "you can use it instead of BTC or ETH, which you can also use, and we will create a system in which you will have advantages if you jump through that extra hoop of buying the tokens first".
So basically, you create artificial use cases. Almost everything mentioned above doesn't need its own token, unless you purposefully set the system up in a way that it does. As for the high-volume no fees part, if you use the Ethereum blockchain, someone will have to pay for using it.
Or what am I missing?
We will post a more detailed "Yellow" (or what should be the color?) paper soon, since there are a lot of questions about token.
There is nothing similar developed so far (mobile, peer-to-peer marketplace), so this is unique offering and mostly due to technical complexities and the level of effort required. So the unique offering is not a token, but app itself.
In order to develop and timely bring platform to the market we need to bring in additional funding. It is bootstrapped currently, but developers needs to be on full time basis on the project to put it in app stores according to timeline.
People who participate in ICO would be most likely early adopters of our platform and we want this ICO instrument to bring them enough value so they can enjoy premium services inside for free or with substantial discount.
1) Micropayments:
- incentivising reviews
- tipping for digital content
- charitable contributions
Actual token transfers would be "batched" to minimize gas usage, same IPFS would be used to "cache" transactions
2) Transaction guarantees and reputation management (exclusively with SGG tokens):
- dual-side security deposits of SGG tokens
- reputation management / VIP status
3) In-platform utility - premium services at least at 50% discount.
- promoted listings
- search keywords
- internal name tags (domain names)
- listing in particular categories (such as real estate)
- your own store with multiple products
4) ICO participants would also get
- your own free online store
- reputation bonus and founders badge
Thank you!