How Blockchain can help Coolomat Market and why use it?

Many times over the last months, during discussions with different people all around the world, this was probably the most often asked question and concern in a way pointed out to our leadership team members.

To us this question has an analogy attribute to a similar comment from a person getting familiar to cryptocurrencies and blockchain technology which goes like “Why would I need bitcoin or any other cryptocurrency if I have USD and EUR?”. The answer is quite simple, because with the use of blockchain technology many things can be done better, more secure and in a transparent manner, and a regular person can influence portions of its future developments — in our case this would be changing the grocery online and offline business for the better. For the end consumer and the producer or seller of the grocery products. Thats why we believe it is worth supporting our idea and cause.

At the end why would we not want better, healthier food at the same time possibly cheaper for purchase, but on the other side also a more happy farmer or producer of such food products. It is a win-win situation for all parties involved in such an eco system.

We noticed that many prefer strictly technology and/or new protocol projects in the blockchain sphere while Coolomat Market is something different. Specualative investments and quick entry and exit motivation for ICOs investors is very high. But we have to look at Coolomat Market from a visionary perspective, the ecosystem we will build will completely turn on head the current grocery online market, make it more appealing for the end consumer with the click & collect points and blockchain features, and very attractive also for the producers and farmers which now will get a platform they can use and will offer them all the marketing tools and other solutions needed to be successful at the online grocery sale. It really is, an idea with immense potential.

Sometimes we got the comment that we are doing a project which is very early, maybe to soon, based on current blockchain maturity level. Is that bad?

We think NO, we are early, but we know we can realize it. We have the physical click&collect devices Coolomats ready, but for people its hard to understand why blockchain on our ecommerce platform. Let us get a little bit more into the details.

Coolomat Market wants to utilize different blockchain features and solutions to make a more fair and honest onlice grocery sales ecosystem.

An ecosystem where consumers and producers take over the control in many segments, rather than to be fully dependent from big retailer chains. Producers, farmers which will offer their products on the platform will be able to operate with much higher margins and consumers will be able to choose from a wide offer of food products and help to structure and regulate the market.

We already established partnerships with companies like

0xcert

which make it possible to utilize the Non-fungible token standard (ERC-721) over their easy to use protocol.

We also are evaluating other smart contract platform besides Ethereum like NEM since we will base most of our ecommerce solution on .NET programming, NEM might become for some features a very powerful option. We already had meetings with the NEM foundation members in Lithuania.

So yes, we are seriously on the road and take our goals for real.

Some of the features Coolomat Market might offer and build its architecture around in connection with non-fungible tokens or similar technology:

• invoice book keeping: Non-fungible (ERC-721) tokens used as a digital invoice with all purchase info data. This can be kept in your wallet with a time valid limit as local regulation might require for invoices.
• loyalty program: Non-fungible (ERC-721) token data kept about your purchases and based on level achived specialized smart contracts can trigger CMK token payouts for your loyalty and similar.
• coupons: Non-fungible (ERC-721) tokens with coupon data valid for a certain time.
• supply chain data: Certain data written in Non-fungible (ERC-721) tokens.

For what will the Coolomat Market token (CMK) be used for — why do we need it?

• for payments of purchases on Coolomat Market we will prefer the CMK token with specialized incentives,
• special deals, like product discounts will be concluded with CMK tokens back payments,
• other major cryptocurrencies will also be accepted but on the backend we will automatize the purchase of CMK tokens on the markets seamlessly, as such we want to build on our circular token economy which is often neglected by many ICO project,
• incentivization of consumers to leave a review of their purchase experience(product quality, logistics service, …).Smart contracts will pay out the consumer CMK tokens,
• we will involve the blockchain developers to participate on our open source modules integrated in the ecommerce platform, and for payments we will use the CMK token — so a portion of ICO funds will be distributed back to the blockchain DEV community,
• security token introduction: At a later stage we plan to introduce a security token. Holders of CMK tokens will be able to enjoy special purchase benefits based on their CMK token number holdings. The security token will enable you to participate in the achieved profits of one or multiple click&collect locations,
• we plan to integrate also crypto ATM functionalities at our locations and offer the network also to other businesses which will want to use them. The ATM network will present an additional revenue stream from our locations making the whole business model and eco system even more profitable,
• staking you tokens for new click & collect point locations: As a CMK token holder and Coolomat Market registered user you will be able to stake you tokens for new locations setups. You will be able to vote where you want us to setup a new Coolomat Click&Collect location. Maybe you know where you, your friends or local community wants a new pickup point. Stake it, tell your friends and as soon as we see we have a big enough local support we will setup our device on that location.

And last but very important. Coolomat Market will always be open for any technology or business oriented partnerships. We are blockchain enthusiast and believers of the possibilities of better for all with the use of this technology. So if you are a company, individual, organisation, university or else operating in a similar business field and you are thinking we could be a match or support each other — please step in contact with us.

Our ICO public presale and sale will start soon so do not forget to register on our web site www.coolomat-market.io and complete your KYC. Your help and support for the realisation of our mission will be a contribution for a better and more healthy food available online. Lets change the global grocery market together for better.

Andrej Vidmar, CEO