The Postalgia project ICO will be cancelled with immediate effect, and all $ETC will be refunded to the originating addresses.
http://i.imgur.com/oJJxkBs.jpghttp://i.imgur.com/FTBaRtv.jpgPostalgia BlockchainBy harnessing the power of blockchain technology, Postalgia aims to create a referral program baked into the blockchain.
This also contributes to marketing the product, by relying on word-of-mouth of our loyal users and advocates, because where else do you look to these days when researching a purchase; well you turn to your friends and social network of course!
Further down the line, we plan to integrate photo storage onto the blockchain, where we can literally make your memories last forever. We can learn from the likes of Factom for their data storage technology, or Siacoin, Storj, and Maidsafe for their storage sharing technology.
Postalgia Token We believe that the core principles of cryptographic currencies, as Satoshi clearly pointed out in his Bitcoin whitepaper, are decentralization and immutability. As such, we have decided to build the Postalgia token, $POSTA, as an erc20 token secured by the Ethereum Classic network. By doing so, all updates to the ETC network will also be enjoyed on the POSTA network.
Technical Specifications Name: Postalgia
Ticker: POSTA
Maximum Supply: 10,000,000 POSTA
Token Allocation & Redemption Details 95% supply of total POSTA tokens will be distributed to all participants via the ICO. The remaining 5% will be kept with the Postalgia team as reserves in the development fund.
At the end of ICO, ETC will be calculated in BTC value according to the Poloniex market price.
All POSTA tokens will be distributed proportionally to participants based on their share calculated as above, including bonuses.
ETC Development Fund Reserves Allocation The Bitcoin and Ethereum Classic tokens received from the ICO will be used for the following:
1. iOS & Android app development
2. E-commerce website development
3. Integration of referral program to mobile apps and website
4. Production & operation costs
5. Salary for developers, community support, marketing, operations, and customer service staff
6. Partnership with photo production house
ROADMAPProduct Improvements Since day one, our sole platform for conducting business was via our Android and iOS mobile apps.
The apps are free to download, and users pay in-app for purchasing physical photo prints and products, which provides a direct revenue stream and immediate monetization model for the business.
Therefore it makes sense for us to first focus on improving our core product, these mobile apps, and this will be our highest priority moving forward. Version 2 of the mobile apps and backend engine will enable:
> Access by global users and delivery of physical products worldwide
> New user features such as photo editing and photo filters
> Improved user-friendliness and UI for placing orders,
> Cryptocurrency payments starting with Bitcoin payment integration,
> Improved scalability of platforms,
> Content management system (CMS) to provide flexibility to add multiple new product categories and products
> Vendor management system (VMS) to decentralize production capabilities
In order to support the new influx of customers and orders from the global launch, it is also imperative that we improve our production capabilities in parallel to the tech development. Furthermore, we will forge partnerships with several photo production houses to add new product lines and to keep up with production volume.
As the next priority, we will be developing our e-commerce website to provide the same services as the mobile apps, but with more features suitable for desktop usage. In addition, we are currently designing a user-generated content marketplace where users will be able to share their photographs and get rewarded when other users use these photos.
Blockchain Research & Development With decentralization being the backbone of cryptocurrencies, we feel it is prudent that we abide by Satoshi’s principles in the development of the Postalgia token.
The token will be fully open-sourced, decentralized, and utilize smart contracts to remove the need for a middleman.
Blockchain R&D:> Postalgia token payment integration into Apps and Website
> Referral & rewards program system integration into Apps and Website
> Photo storage on the blockchain
TEAM
STAY TUNED FOR MORE INFORMATION!