Saturn Network exchange has enabled FREE automated token self listing across Ethereum & Ethereum Classic. Any ERC20 or ERC223 token can now list on our platform and provide their community with a decentralized peer-to-peer exchange, where users can trade safely and securely without ever giving up control of their funds! Trading happens in one transaction wallet to wallet, your users just need a dApp browser like MetaMask, Saturn Wallet, Cipher or Trust Wallet.
Saturn Network is the first and only decentralized exchange that is able to operate on two blockchains simultaneously! We currently have over 126 tokens being actively traded. All paid trading fees are reimbursed with SATURN tokens and all our exchange's profits are distributed among our token holders, so you never lose out trading on Saturn!
We would love to see SMARTS SCAN AND GO trading on our platform!
Just follow this guide to set yourself up:
https://forum.saturn.network/t/saturn-protocol-token-self-listing-guide/2005
If you need any help at all feel free to reach out via our forum or just hop in our telegram group chat!
Topic: [ANN][PreSale]🔵 Share and Token Offering - Smarts Scan&Go - Shop with Crypto🔥 (Read 463 times)
December 13, 2018, 10:54:28 AM
December 13, 2018, 11:27:52 AM
It's funny that I tried to recall this certain project these last few days with "what was the project about smart shopping cashless automated something that I had a discussion with several months ago?" and this thread bumped out of nowhere abd saved my time.
Is this project still even going? Their thread seems abandoned.
Is this project still even going? Their thread seems abandoned.
September 10, 2018, 06:23:23 AM
Thank you for the address you provided. I will read and study again and will ask you if there is something that feels odd, fighting and good job, thanks.
September 06, 2018, 05:23:14 PM
How do you plan to keep the vendors from billing the buyers of those transaction fees? It's not an impossible scenario where the sellers decide to reap better profit by subjecting those (or any fees involved) to the buyers by increasing the product price.
This would only be an issue, if the cryptopayments were more expensive than fiat ones but since cryptopayments are cheaper (no middle-men such as mastercard or visa taking their share + the upkeeping of POS bank terminals) there will be no reason for the sellers to add extra price to the products. To be fair, for those vendors who do not wish to receive cryptopayments directly, form them Smarts will be the middle man who takes care of crypto and will return fiat to the seller. But even those costs will be less than half of what they are paying right now.
So in a nutshell, Vendors will have no need to increase the pricing.
I'm sorryx I reviewed your conversation back on previous page and I realized that you explained this transaction fee to maitseasi, and said that customer can have an option to may for the transaction fee and make their purchased items cheaper. And you informed me that the tx fee shall be billed to vendor. I got.confused
And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.
How can price be lower then on pricetag? Only with crypto?
Very good question. Since the platform is free to use for the end-user, all expenses will be covered by the vendor. So, when a vendor accepts cryptocurrency, they will also cover the transaction fees. But, if you have SMT's, you can use them to cover the transaction fees yourself and so, your purchase will be cheaper.
September 06, 2018, 11:41:20 AM
Yesterday, Smarts was among a few others at a "Future of Finance" event, many of the participants saw cryptocurrencies as a part of our future.
September 03, 2018, 08:05:47 AM
~snip~
You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.
You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.
Vendor as in to the owner of the store where the buyer buy the items or as in the manufacturer of the items?
The vendor, as in the store who sells the items, yes : )
How do you plan to keep the vendors from billing the buyers of those transaction fees? It's not an impossible scenario where the sellers decide to reap better profit by subjecting those (or any fees involved) to the buyers by increasing the product price.
This would only be an issue, if the cryptopayments were more expensive than fiat ones but since cryptopayments are cheaper (no middle-men such as mastercard or visa taking their share + the upkeeping of POS bank terminals) there will be no reason for the sellers to add extra price to the products. To be fair, for those vendors who do not wish to receive cryptopayments directly, form them Smarts will be the middle man who takes care of crypto and will return fiat to the seller. But even those costs will be less than half of what they are paying right now.
So in a nutshell, Vendors will have no need to increase the pricing.
September 03, 2018, 07:46:22 AM
~snip~
You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.
You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.
Vendor as in to the owner of the store where the buyer buy the items or as in the manufacturer of the items?
The vendor, as in the store who sells the items, yes : )
How do you plan to keep the vendors from billing the buyers of those transaction fees? It's not an impossible scenario where the sellers decide to reap better profit by subjecting those (or any fees involved) to the buyers by increasing the product price.
September 03, 2018, 07:00:08 AM
Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?
Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.
Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.
The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.
So, to sum up your answer, in case of token rate changing up to few points during the process of selling/buying/payment transaction between seller and buyers, you will handle the price gap with the money you got from trading profit and transaction fee?
This transaction fee, I assume shall be billed to the end-user?
You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.
Vendor as in to the owner of the store where the buyer buy the items or as in the manufacturer of the items?
The vendor, as in the store who sells the items, yes : )
hopefully there will be many who use crypto from now on, and the team will work hard to promote this project well so that there are many people who are interested and many use it.
September 03, 2018, 06:39:03 AM
Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?
Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.
Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.
The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.
So, to sum up your answer, in case of token rate changing up to few points during the process of selling/buying/payment transaction between seller and buyers, you will handle the price gap with the money you got from trading profit and transaction fee?
This transaction fee, I assume shall be billed to the end-user?
You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.
Vendor as in to the owner of the store where the buyer buy the items or as in the manufacturer of the items?
The vendor, as in the store who sells the items, yes : )
September 02, 2018, 02:02:29 PM
Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?
Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.
Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.
The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.
So, to sum up your answer, in case of token rate changing up to few points during the process of selling/buying/payment transaction between seller and buyers, you will handle the price gap with the money you got from trading profit and transaction fee?
This transaction fee, I assume shall be billed to the end-user?
You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.
Vendor as in to the owner of the store where the buyer buy the items or as in the manufacturer of the items?
September 01, 2018, 03:14:00 PM
Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?
Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.
Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.
The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.
So, to sum up your answer, in case of token rate changing up to few points during the process of selling/buying/payment transaction between seller and buyers, you will handle the price gap with the money you got from trading profit and transaction fee?
This transaction fee, I assume shall be billed to the end-user?
You are basically correct, yes : )
The transaction fee, if its needed (if the trading profit will not cover it), will be billed to the vendor, much like currently mastercard and visa act.
August 31, 2018, 09:29:56 PM
Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?
Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.
Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.
The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.
So, to sum up your answer, in case of token rate changing up to few points during the process of selling/buying/payment transaction between seller and buyers, you will handle the price gap with the money you got from trading profit and transaction fee?
This transaction fee, I assume shall be billed to the end-user?
August 31, 2018, 09:01:25 AM
We are happy to announce our bounty campaign starting, more info at the bounty thread!
August 31, 2018, 08:57:13 AM
Today, a lot of scams that are trying to raise money and disappear. Therefore, each ICO must be carefully examined. Question.
Where are the links to the LinkedIN development team? Twitter account made recently, where is the link to GitHub?
Publish please all this data to remove suspicion.
Where are the links to the LinkedIN development team? Twitter account made recently, where is the link to GitHub?
Publish please all this data to remove suspicion.
That is true, you can never be too careful in this world, so thank you for pointing out those issues.
The linkedin accounts you are correct, are very much missing but not for much longer. Until then though, I will post them here:
Kristo Truu, CEO
Ilja Andrejev, CTO
Glen Madis, CFO
Hendrik Jaanre, CMO
Oliver Oidekivi, Q&A Specialist
Karla Ribelus, Head of Design
Concerning the relative freshness of our twitter and webpage - until those moments we were heavily in the phase of development, with all of our rescources going int o creating the working prototype you can see in the following video: https://www.youtube.com/watch?v=TzZUhVReegk
And about github, we are not in any way an open source project, so as a company we have no code to share with the public, yet.
Thank you for pointing out those issues, were our answers satisfactory?
August 31, 2018, 08:20:55 AM
Today, a lot of scams that are trying to raise money and disappear. Therefore, each ICO must be carefully examined. Question.
Where are the links to the LinkedIN development team? Twitter account made recently, where is the link to GitHub?
Publish please all this data to remove suspicion.
Domain Name: SMARTS.STORE
Registry Domain ID: D67677524-CNIC
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: https://www.godaddy.com/
Updated Date: 2018-06-29T09:04:20.0Z
Creation Date: 2018-05-16T19:45:02.0Z
Registry Expiry Date: 2019-05-16T23:59:59.0Z
Registrar: Go Daddy, LLC
Registrar IANA ID: 146
Domain Status: clientRenewProhibited https://icann.org/epp#clientRenewProhibited
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited https://icann.org/epp#clientUpdateProhibited
Domain Status: clientDeleteProhibited https://icann.org/epp#clientDeleteProhibited
Registrant Organization:
Registrant State/Province: Harjumaa
Registrant Country: EE
Where are the links to the LinkedIN development team? Twitter account made recently, where is the link to GitHub?
Publish please all this data to remove suspicion.
Domain Name: SMARTS.STORE
Registry Domain ID: D67677524-CNIC
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: https://www.godaddy.com/
Updated Date: 2018-06-29T09:04:20.0Z
Creation Date: 2018-05-16T19:45:02.0Z
Registry Expiry Date: 2019-05-16T23:59:59.0Z
Registrar: Go Daddy, LLC
Registrar IANA ID: 146
Domain Status: clientRenewProhibited https://icann.org/epp#clientRenewProhibited
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited https://icann.org/epp#clientUpdateProhibited
Domain Status: clientDeleteProhibited https://icann.org/epp#clientDeleteProhibited
Registrant Organization:
Registrant State/Province: Harjumaa
Registrant Country: EE
August 26, 2018, 05:36:41 AM
Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?
Great point. First, with crypto payments, we will be selling short in the exchange, which covers 90% of the loss risk. The rest will be covered by a small increase in the transaction fee. So whatever the volatility will be, we will be taking and covering the risks.
Second, we dont see the SMT's as a new cryptocurrency, they will be something to pay for our service fees with - whether for a vendor to set themselves up in our system or for a customer to cover the crypto transaction fees, when they pay with Ether or Bitcoin. Our prototype already works with Ether and the MVP will also have Bitcoin transactions available.
The more people will start using crypto daily, the less there will be volatilty issues so we will be accepting and managing them as growing pains.
August 25, 2018, 12:01:09 PM
And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.
How can price be lower then on pricetag? Only with crypto?
Very good question. Since the platform is free to use for the end-user, all expenses will be covered by the vendor. So, when a vendor accepts cryptocurrency, they will also cover the transaction fees. But, if you have SMT's, you can use them to cover the transaction fees yourself and so, your purchase will be cheaper.
So you write that by going to the store, using a smartphone, a barcode on the product and your platform, you can pay for the goods of crypto. Will these be special stores? All stores want Fiat.
Thats a solid point there, dzkrb1966.
This is how the payments will work:
~image snip~
Smarts will cover all the risks of accepting crypto (if the vendors dont want to deal with crypto) and will pay the Vendors with FIAT. So, the vendors will get FIAT but also the customers will get to use crypto as a payment method for their everyday shopping.
Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?
August 24, 2018, 03:30:07 PM
And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.
How can price be lower then on pricetag? Only with crypto?
Very good question. Since the platform is free to use for the end-user, all expenses will be covered by the vendor. So, when a vendor accepts cryptocurrency, they will also cover the transaction fees. But, if you have SMT's, you can use them to cover the transaction fees yourself and so, your purchase will be cheaper.
So you write that by going to the store, using a smartphone, a barcode on the product and your platform, you can pay for the goods of crypto. Will these be special stores? All stores want Fiat.
Thats a solid point there, dzkrb1966.
This is how the payments will work:
Smarts will cover all the risks of accepting crypto (if the vendors dont want to deal with crypto) and will pay the Vendors with FIAT. So, the vendors will get FIAT but also the customers will get to use crypto as a payment method for their everyday shopping.
August 24, 2018, 03:13:45 PM
And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.
How can price be lower then on pricetag? Only with crypto?
August 24, 2018, 02:46:36 PM
Is there any upcoming bounty campaign ?
Yes there will be, we will announce it here and let you know when it will be happening : )
With Smarts it will be possible to make purchases using cryptocurrency, while using your own mobile phone, very cool! What is the minimum amount to invest?
You are very correct. The minimum amount would be 100 (SMT's) which would be about 0.076 (ETH). But, if you invest at least about 12 ETH, then you will get company shares and will profit directly from everything Smarts earns in dividends.
And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.
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