Topic: 🌟🌟🚀[ANN][PRESALE] Snapup -Big announcement is Here 🌟 🚀 - page 52. (Read 59166 times)

Hello! I am Alex, CEO @ Snapup

In the next couple of days we are going to release a lot of content and material to further explain the platform because we've seen that people tend to get confused over what snapup is and isn't
I understand that the concept is fairly new, so let's reiterate on the Value Proposition:

Snapup is a platform to shop for premium products that offers an auction-like experience; But unlike traditional auctions, where the assignee is always the highest bidder, on Snapup the assignee is determined by our meritocracy based rewarding algorithm, The more active you are on the platform, and the higher you bid, the bigger your chances are to be the assignee for that auction. The bid is comprised between 10% and 20% of the Retail price of the product, and for each event there’s a maximum of 300 participants on average.

Our mechanism is able to estimate the amount of "desire" or "will" of a customer to obtain the product, via a point assignation algorithm.

Every action the users do on our platform is awarded KARMA points. Some examples might be:

1 - Joining a Snapup:
Joining a Snapup is awarded the most karma points because in doing that, you are helping other obtain huge discounts on the products, while of course, trying to get the benefit for yourself

2 - Inviting a friend to join
Speading the word is rewarded

3 - Buying Snapcoin
The more people buy Snapcoin, the more the value of Snapcoin raises, and the more Snapups our customers can join with their current amount of Snapcoin, since the price to join a Snapup is calculated on the EURO counterpart of the Snapcoin, at the current Exchange rate.

HOW DO WE BUY THE PRODUCTS?

There is no retailer offering us discounts. Snapups are like payed auctions. You pay an amount of Snapcoin to join a Snapup.
Snapcoin will also be immediately listed on all the major exchanges at the end of our ICO.

The revenue derived by the Snapcoins sold by Snapup both to investors on exchnges, and to customers on our platform, is used to purchase the products in FIAT currency for Snapup's Assignee.

Snapup is a Sharing Economy platform. This economic model allows people to make the most out of their money. Share their wealth in a mutually beneficial and meritocratic way.

Our mechanism is finely tuned to allow an healthy turnover in the victories, rewarding the ones who are most active but also leaving good chances for people that just joined. This mechanism is unique and we are waiting for patent approval over it.

COMPETITORS:

Alibaba and Amazon offer completely different services from Snapup. They are Online Retail Stores; Snapup is not set to compete with them.
In fact, Amazon will be one of our main Retailers.

SHIPMENT

Snapup doesn't hold a warehouse. We are a DropShipping Company.
Our partner retailers will handle the shipment of the products.

If none of our retailers is able to reach the Assignee, the order will be handled by our order-matching system
that crawls the web for the nearest, top-rated retailer able to ship the product to the Assignee.

IS SNAPUP LAUNCHING WORLDWIDE?

Snapup has no country barriers. Our mechanism is created to work worldwide from day 1.
There are no custom fees to be payed, since the products are shipped to the assignees from their LOCAL RETAILERS.

If the assignee resides in China, our order-matching algorithm finds a Chinese retailer that ships that particular product, and places the order, with the
credit card details of Snapup, and the Shipping Address of the Assignee.

We only place orders to TOP Retailres. If we don't find a retailer in the specific country, we look for nearby retailers.

EG. If a customer resides in Cyprus, we are going to ship from Greece or from Italy.

Of course we will allow ourselves the time to perfect this mechanism, officially launching in Europe first.
Operating in a country means we are actively seeking customers in that country, but if someone from outside of our official operating zome hears about Snapup
and wants to join, he can do it. And when he happens to be the assignee of an event, we will ship the product to him, just like all the other customers.

INVESTMENT

We are receiving the attention of big institutional investors that are most likely going to join our presale.
On that matter, we want to tell everybody that no special treatment will be reserved to anyone.
Tokensale will start on Monday August 28th at 12:30 UTC +00
We are doing this in order to allow everyone the opportunity to join our presale and benefit for the 20% bonus on our tokens.

In the next days we are going to release many videologs and news, and also the Open Sourced version of our Crowdsale Metrics System on GitHub.
If you are the manager of a company who's launching an ICO and want to learn more, don't hesitate to contact us privately!

Talk very soon!

Alessio Cozzolino

Yeah I'm also planning to invest some ETH in snapup in the presale.

this is really nice, snapup got a score of 4.3 on

https://icobench.com/ico/snapup

thus means, time to go and buy some snaps, when the presale starts

https://icobench.com/ico/snapup website is very well-organized, 4.3 , worth it , waiting for presale

Alibaba is an old and biggest player on the market. But they have a lot of cheap product, and this is nice way yo partnering, dropshiping

THE PRESALE WILL START on Monday August 28th 2017 12:30 UTC+2 !
so if u want join, pay attention to the time, it maybe sold out in few minutes!

this project looks pretty good ,I want join the pre-ICO

win a product is on side, join the projects now may take huge profits!

The Luck Side from white paper is explaining how everyone have a chance to win a product and ensuring you that if you participated on each bidding and raise your karma eventually you will win something, the question is how much will you spend and for how long.

Hearing a lot of good things about the project and presale but, still to hear about quality process when the product will be rolled out to general public.

From whitepaper about the luck side:

Long story short: The more you are an active user on the platform, and the closer
to 20% of the retail price of the product you are willing to pay, the higher your
chances are to be the assignee for that Snap.

Our algorithm is carefully calibrated to:
• Reward the participants with the most Karma Points, but not so much that
they are the only ones who have a chance to win.
• Reward the participants who are willing to pay more for the product while
still leaving good chances for people who are willing to pay less.
• Ensure that virtually everybody will get the reward after a few interactions,
because users keep collecting Karma Points proportionally as long as they
don’t win a Snap. When they do win, their counter is set back to zero



When there's gonna be  300 participants in one auction, and one of them will get their product.

Does that mean, that in avarage you have to take part in 300 auctions, to finally get a product? But the more active you are, the more karma points you get, which increases the probability, but that is also the same for all the other users... So to participate in the draw you have to put in 1€ worth of snapcoins, x300. 

So what is the probability of getting a win going to be in real life?


There's something about this that I dont understand, and I cant put my finger on it.

If youre too laze to read the whitepaper, i want to suggest you this link : https://icobench.com/ico/snapup.
Simple and well organized snapup information 

Him 

totally agree， International logistics is very slow，and Customs needs clearance ，If you need to pay tariffs, this is also a big trouble. I think different country have different Legal terms

Wow. Snapup is steadily getting more and more attention, which is great
I suppose more people now do understand how great this project is, not to mention the very supportive and active devs
Even made an iPhone 7 Giveaways 
BTW, Who won that thing?

1 SNP = 0.38 USD

how much the presale price per SNP will be? I couldn't find it on the ico site.
and by having SNP token/coin, what can we do with it (I'm too lazy to dl whitepaper)
do these tokens entitled us share profits? rights for special price? or simple use to buy an item?

Dont miss guys this is the rare opportunity to invest into the realy good project ! there will be a lot of regrets after this is over. Devs are active, project are solid(and we even can see the demo what usualy is just the concept in paper)!  im eagerly waiting for this

It's a very good project for us to join in the existing community and to purchase tokens at presale is what we wait for on August 28th. And I believe this is a very good project for us to make an investment. thanks so much.

But the most different  thing is : They are totally different business model , Snapup maybe need may some goods from Alibaba & amazom , They are partner.
Suapup is not a E-Commerce system ， It's more like a lottery system.