Storweey - e-commerce and online transactions in Blockchain

April 27, 2018

E-commerce is a huge industry worth $ 1.86 trillion by 2016, and there is no sign of slowing down. It is expected that by 2021 the value of e-commerce will reach 4.48 trillion dollars. In

those days, people spend their time online, exploring their potential purchase by comparing prices on Web sites and are actively looking for the best deals on the Internet. In fact, 71% of buyers believe that they will get better online value than shopping in traditional stores along the street.

With blockchain technology, several ICOs have launched a platform for e-commerce and online business, and Storweey is the latest ICO.

Storweey: create a new e-commerce market

One of the obstacles to encryption in the eyes of many people is the inability to use this currency to pay for everyday goods and make purchases on the Internet, although some sites accept it now. hours and is added to the list every day.

One of the main goals of the ICO is "to create a retail e-commerce market, where buyers and sellers can start their own merchandising business," Storvey said. service for payment with fiat and crypto currency ».

In other words, Storweey will allow members of the community to trade products and services using Storweey's traditional secret and currency terms in numbers and fast facts. The stack name is the Storweey token (STRY). Common token - 100 m

Total cards for sale - 45 million

Number of credit cards - 1 ETH = 800 STRY, 0.0794 BTC = 800 STRY

ICO start date - Q1 2018

ICO end date - Q2 2018

Storweey Tokens

Storweey Stack (STRY) based on the received ERC-20 will be distributed as follows:

Advance sale and ICO - 45%

Reserved - 40%

The team - 10%

Advisor and legal fees - 4%

Bounty - 1%

command

The Storweey website features a core group of seven people. No profiles are provided, and only two members of the group have links to their LinkedIn profiles, so it is impossible to independently verify the credibility of the certificates of the persons involved.

Availability of social networks and digital footprint

Here is the social network number for Storweey at the time of writing the article (end of February 2018).

Twitter - one follower

Facebook - 0 subscribers

LinkedIn - Not Applicable

Telegraph - 5 subscribers

Storweey's presence in social media is practically non-existent, so the group had to work to improve their media presence. Their Twitter account shows 0 tweets.

Currently Storweey is not an entity.

competition

There are many ICOs that offer platforms for e-commerce. JWC Ventures, Teky, Blockscart and Telcoin mention only a few, but have at least 20 others.

This means that e-commerce with block communication is close to the saturation point and will soon be distributed. Any ICO that processes the same thing will be exaggerated from the very beginning.

White paper

For more information about this platform, additional features and services, see the "Storyway" page.

conclusion

ICO is equipped with several inherent problems associated with it, at least with the number of already existing e-commerce platforms based on blockbuster. This will be a problem at an early stage, as investors can choose to ignore it.

The whole sentence has a general unprofessional feeling: from poor quality white paper to unattractive positions and, more importantly, lack of information about team members. All these factors are combined, as well as the fact that Storweey is not even registered with ICOBench and that the team did not send tweets, which makes it difficult to verify the ICO value proposition, so potential investors should be cautious and seek investments somewhere.