Info Tech: Bazista — Exchange Platform Decentralised Technologies Innovative Solutions

Each year the rapid development of technologies brings different innovative solutions for people all over the world to improve their quality of living. In its time one of such technologies was the internet whose key function consists in information exchange between users. Today, the datatransmission speed, amounts of data, and ease of receiving data stir the imagination.

As far back as 20 years ago the internet was only available to programmers and computer geeks. Today we witness the way the new technology called Blockchain is emerging and developing. This technology is to provide equal conditions for internet users so as to ensure that data is handled in a safe and transparent manner.

Despite the fact that the technology is now rather difficult to understand,our team strongly believes that its success and global coverage are just around the corner. For this reason we made up our mind to create a project that will allow gradually integrating the Blockchain into users’ daily life.

What is Bazista ???

Bazista is an exchange platform for B2C and C2C that uses new technologies of settlement of accounts between users. Our service enables a user to easily exchange necessary goods and services for cryptocurrency by interacting with other platform users. Bazista will comprise all strengths of such market giants as Ebay, Amazon and Alibaba (rating system, payment depositing,delivery tracking, and transaction arbitration) and bring this business segment to a new technologylevel owing to using up-to-date exchange instruments.

Bazista is a competitor to the exclusive decentralised platform for trading,C2C OpenBazaar. The difference consists in smooth development of the platform that boasts a user-friendly interface aimed to simplify, to the extent possible, the process of exchange of goods and services by using product promotion technology through other platform users.

This document describes major features of the project:

1.Describing the platform structure and functional to exchange goods and services for cryptocurrencies and digital assets.

2.Role of own security tokens when it comes to creating a unique loyalty system.

3.Implementing the system of receiving additional income due to creating user’s advertising
campaigns and mutual cooperation between users on the platform.

Mission

We state our aim as being to create a simple and safe platform enabling the exchange of goods and services, with a wide range of infrastructure solutions offered to users and holders of cryptocurrencies and digital assets. Using cryptocurrencies and digital assets for the settlement of accounts between our platform users allows ensuring transparency of transactions, and creates new ingenious ways to make money due to capitalising user activity on the internet.

We believe that the main purpose of cryptocurrencies is to make payments, in particular with the aim of making transactions relating to the purchase and sale of goods and services, which is the key aspect of human economic activity. So we make it our task to not only make life easier for internet users but also to increase loyalty and drive up demand for cryptocurrencies at large. Due to Bazista it won’t be long now until real goods and services are available in exchange for cryptocurrencies and digital assets.

The Problem

Growing Penetration of financial services around the globe,Control over the financial streams is still concentrated in the hands of the few,while over 2,5 billion people globally are still unbanked and excluded from global financial prosesses.

Decentralized money was created as an alternative to classic financial instruments and appeared to be a great answer to modern limitations.but the initial idea didn’quite achieve it’s potential,becoming the object of extreme speculation instead.

In fact only 3 out of 500 top online retailers accept digital assets as payment method,while exchange speculations still accountfor over 95% of all digital assets operation.

Our Solution

Bazista will provide the channels to direct decentralized money into the real-economy sector.interconnection of various blockchain solution is the key to the real democratization of financial and commercial services.People who were excluded from traditional banking services will be part of a new global economy.

Growing penetration of smartphones,unlimeted access to information means it is inevitable that decentralized money and other blockchain solutions will become new financial mainstream!Bazista will lead this revolution.

Market

E-commerce is one of the fastest-growing technological markets in the world. Such quick growth is primarily due to rapid global extensive use of broadband (fixed and mobile) access to the internet.

Today we can see annual growth of a share of e-commerce throughout the world. According to eMarketer, in 2017 a share of online shop-
ping will increase to $2,290 billion, and by 2021 it will stand at 16% of the total of world retail trade.

According to experts, China is expected to continue to hold leading positions as a driving force of the world e-commerce market (26% perannum), in particular due to export retail online trading. Other developing countries, such as India (24%), South Korea and Indonesia (over20%), are expected to show high rates of growth. Demography and rapid extensive use of mobile According to analytics, the following are TOP10 countries for the number of (fixed and mobile)

internet:

China — 710 million users,
India — 350 million users,
The USA — 277 million users,
Japan — 110 million users,
Brazil — 110 million users,
Russia — 84 million users,
Germany — 72 million users, Indonesia — 71 million users,
Nigeria — 71 million users, Mexico — 59 million users.

Considering the above-mentioned statistics, a team of trading platform developers focuses on the bringing in new business from countries in South-East Asia, BRICS countries, and the EU. Anincreased focus by platform users on the Eurasian continent will allow reducing logistic expenses and customer delivery time.

BENEFITS

Cost up to 0% quality Save up to 13% commission fees on key players in the C2C and B2C markets.

Partnership Sell other users’ products and earn coins together.

Digital assets Payment of goods and services will be received in more than 5 digital assets.

Reliability Support transactions at every stage.

Advantages for Buyers

Advantages for Sellers

Advantages of creating advertising campaigns

BZS support and development within the platform

BZS is initially created at the stage of the fund-raising campaign. Then it will
include different functions within the project.

Business Model

This chapter sets out basic mechanisms of financial composition of the platform, standard and additional commissions, the cost of additional services, conditions and amounts of bonuses and benefits granted to Bazista users, and principles of operation of marketing campaigns created within the platform.

-Standard commission

The overwhelming majority of C2C trading platforms work for a fee as a commission for a transaction made. An average amount of such commission for the services makes 10–20% depending on the cost of the goods sold (exclusive of additional charges). Such system is widely spread and accepted by interested persons so we will keep it on our platform but thanks to refusal to use fiat currencies and all related expenses we will reduce commissions for transactions up to 4% of the transaction made. This commission will be used for covering operating expenses, expenses associated with the service of the platform and the financing of budgets. Moreover, 10% of the amount of that commission will be transferred to the reserve fund.

-Reserve fund of the platform

As already discussed, 10% of the standard commission of the platform due to the transaction made will be transferred to the special reserve fund. The money kept by the reserve fund will be spent on the purchase of goods and services that will be sold on special terms to all platform users in exchange for internal tokens. This way we will gradually buy out our own tokens in exchange for liquid goods and services provided. This business model states its aim to increase users’ loyalty to the platform on the one hand, and to add value to BZS tokens on the other.

Emission and distributing tokens

Issuing tokens and the process of their public offering will be arranged through the smart contract on the Ethereum blockchain. At the time of crowdsale a total of440,000,000 BZS tokens will be issued. This quantity is final and no additional rounds of emission will be provided for.

Tokens will be issued within the framework of the smart contract delivering the ERC223 standard that gives the edge over ERC20 earlier developed. It is important to note that in case of incorrect transaction of tokens to the address of the smart contract not providing for the handling with the same they can be recalled by using the token Fallback function that will help prevent any loss of tokens.

1 ETH = 11 000 BZS
6.4.1. Distributing tokens

321 200 000 BZS (73%) will be available during the crowdsale
66 000 000 BZS (15%) will remain with the Bazista team
17 600 000 BZS (4%) is the reserve for marketing campaigns within the platform
13 200 000 BZS (3%) can be obtained within pre-ICO
13 20 0 000 BZS (3%) will be given to the project advisors
8 800 000 BZS (2%) will be paid within the bounty campaign
6.4. Emission

Keeping tokens in a BZS account

Pre-ICO

The conditions of obtaining tokens under the pre-ICO programme provide a bonus of 30% of the initial number of tokens obtained. This programme involves several offline rounds of investment. We are also considering initiating a round of investment online.The options, date and time of online round will be included in the document as soon as detailed information on the programme is available.

13 200 000 BZS
will be available under the pre-ICO programme

6.4.3. Crowdsale
The information on the exact date of crowdsale and all related updates are available on bazista.io

Bonuses on tokens during crowdsale: