• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
Cartel To Launch ICO - Non-Profit Platform to End Retail Pricing
Nexo

Cartel To Launch ICO – Non-Profit Platform to End Retail Pricing

Bitcoinist by Bitcoinist
5 years ago
in Press releases
0
Advertisement

Commerce has consistently shown when a new technology favors customers by providing the most affordable purchasing options, it succeeds, just as Walmart and eBay, Amazon and Alibaba have done. A selfless new blockchain called Cartel is introducing a platform that is set to disrupt retail forever: A portal that connects buyers and sellers, eliminating all of the middlemen and giving individual consumers wholesale price benefits.


Los Angeles, CA – February 2017 – Cartel Coin’s vision will involve no middleman, connecting retail buyers with manufacturers and wholesalers to allow unprecedented purchasing power to significantly reduce costs to the consumer. Running on Cartel’s own cryptocurrency, consumers will be able to buy previously unaffordable products, such as a premium car or electronic devices, through smart contracts that automatically enforce when a minimum number of buyers is reached.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The end result is the elimination of unnecessary markups, heavily reduced prices for the entire spectrum of consumer products and a globe of highly satisfied consumers. This has the potential to permanently reshape the supply and demand dynamic, for it places power in the hands of the consumer in a way that has never happened before.

 

Currently, wholesalers from all over the world will place bulk quantity orders with manufacturers in the thousands to hundreds of thousands to then sell to retailers who then sell to consumers. This model is highly labored and expensive for the end user. Cartel Coin’s smart contract cuts out the wholesaler and retailer simply by connecting individual buyers from all around the world and collectively pooling their individual orders into one large wholesale quantity purchase. Everyone saves anywhere from 2-10x their money.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

This approach to buying and selling can apply to any industry and niche. To understand the extent of the ramifications, the company likes to use the automobile industry as an example. The most common way to purchase an automobile is through a third-party showroom. Now, the costs involved in the current method of operations creates a markup of 50-150%. A car is a product that almost every person desires, so there is a great market in this industry.

The retail price of a Range Rover is roughly $150,000. On Cartel Coin’s platform, it may sell at $80,000, as it eliminates all middlemen costs. In 2016, over half a million people bought the car. With the reduced price, it is certainly believable that more would have done so. If a million people did so on CC’s platform, that would generate a revenue of $80 billion – a staggering sum for a single type of purchase.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

Cartel plans to support this marketplace through self-investment. They will attach a 3% fee to every transaction, which goes back into the coin holders purse after opex. This is a stunning revenue model that benefits all of the parties involved. Cartel Coin’s insistence on benefiting coin holders is a significant feature of their development ethos.

The team has built a plug-in feature to integrate with companies such as Alibaba and Amazon. Cartel Coin’s International sales manager Jason Woodman isn’t too shy about their projections, saying:

We’re taking out Groupon and we’re partnering with Amazon and Ali Baba. I don’t care what it takes. This product just makes more sense. They have everything to gain. Nothing to lose and best of all we the people gain just as much as the corporations.

During a recent conference, Iron Kim, heading their Korea sales team had this to say:

Cartel sees the retail price problem as a major hurdle to the average customer and a completely unnecessary procedure given the highly connecting nature of our modern economy, stifling the chances of an improved standard of living and limiting access to life-improving goods to the wealthy few.

Despite grand ambitions, the team has not let ego seep into their work:

We aren’t going out launching an ICO for $50Mm dollars. We aren’t building a space rocket. We’re building an innovative consumer service. It’s a real project that will work tomorrow, not next decade. It’s got a real cost to it that reflects the products developmental demands and then provide us the ability to commercialize it properly. There is a genuine revenue model and need for the token and we haven’t stacked our team with an abundance of unnecessary staff or a roster of shadow advisors just to make you think it’s going big. We will be pushing the product live within 6 months – that alone is a feat that no other one of the thousand ICOs on Ethereum can say.

Other features within the platform include the Cartel Coin Wallet, a Propriety Payment Solution and a revolutionary B2B portal that will make this an online marketplace where both consumers and companies can significantly downsize their costs and save thousands, even millions in the process. The Pre-Sale for the Cartel Coin ICO launches in just a week.

To learn more about Cartel Coin and the upcoming ICO, visit their website at http://cartelcoin.io or download their Whitepaper directly by clicking here.

Media Contact:

Cartel Coin
Attn: Media Relations
Los Angeles, CA
844-444-9610
[email protected]


Images courtesy of Cartel

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Next Block Expo Is Aiming to Become the Biggest Blockchain Festival in Europe

Next Block Expo Is Aiming to Become the Biggest Blockchain Festival in Europe

7 hours ago
Crypto Survey Results Show High Levels of User Confidence

Crypto Survey Results Show High Levels of User Confidence

9 hours ago
Uniglo (GLO) Is A New Project Built On Ethereum (ETH) Network That Combines The Best Of Maker (MKR) And Curve DAO (CRV)

Uniglo (GLO) Is A New Project Built On Ethereum (ETH) Network That Combines The Best Of Maker (MKR) And Curve DAO (CRV)

10 hours ago
Microsoft Gives Grant To Blockchain-Based Web3 Game StarHeroes As Historic Partnership Gets Underway

Microsoft Gives Grant To Blockchain-Based Web3 Game StarHeroes As Historic Partnership Gets Underway

10 hours ago
New Meme Coin Tamadoge Raises over $1,000,000 in Weeks

New Meme Coin Tamadoge Raises over $1,000,000 in Weeks

11 hours ago
LBank Weekly Listing Report, 8th August 2022

LBank Weekly Listing Report, 8th August 2022

12 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.