INTRODUCTION
SPACE-IZ is the main solution for businesses that has suffered lack of exposure or connection to customers. This has been the reason why they are not able to March up against their competitors or function as effective as they should. However, in a bid to make them more independent, this concept brought up by SPACE-IZ will help them a lot and as a free platform will assist them in the management of their products and how they reach their customers.
THE REAL CONCEPT OF SPACE-IZ
SPACE-IZ is a free platform that has its root on the blockchain. It was made to serve the community and ensure that customers are able to reach their desired products providers freely and make business securely with them. This concept is a cost saving one that makes sure all customers in the platform gets discounts and save a lot of cost involved in the process of buying or selling. The vision is further backed by using the SPIZ token, created on Ethereum to make smart contracts usable.
THE USE OF THE TOKEN
The smart contracts used in this platform are made to monitor transactions involving payments. They receive the funds involved and make lending possible to the parties needing it. On doing this, the income derived from the process is padivided using the same contract, the lenders are thus shared among the lenders depending on the period or how long the lending is. The more the lending period, the more token the lenders get in relation to how much lent out. The borrowing of tokens would be based on the price which also depends on the total savings. Of the total savings, only 45% will be available for borrowing. The token holder is has more token to lend out will get more tokens and will always have more available for rent.
HOW DISCOUNT IS SHARED IN SPACE-IZ
In this ecosystem, only those who purchase the SPIZ token are made to get discounts. Apart from these set of people, the borrowers are also considered for discount when the borrow from other users. The room occupied by token holders in the network can be given off by a user when they sell their token on an exchange as guided on the app. All users must therefore attain a level of the token they hold before given discount, otherwise, they can borrow to make up to the level and then get their discounts. Having considered the advantage the Integration of local businesses would bring to this platform, they include that to make it a big part of their blueprints. This will make the community grow as members actively gets involved with the platform and as local businesses find their place in the platform.
CONCLUSION
The community of local businesses will be glad to receive the help offered through this platform. The entire community of local entities will thrive on the success of SPACE-IZ and the aim of bridging the Gap between customers and the businesses they'd love to be a part of will be realized.
USEFUL LINKS
Website: https://space-iz.com/
Whitepaper: https://space-iz.com/get-whitepaper.html
Telegram: https://t.me/spaceiz1
Twitter: https://twitter.com/Space_IZ1
Facebook: https://www.facebook.com/SpaceIZ1/
AUTHOR'S DETAILS
Bitcointalk Username: Ngoukan
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661426