Keyi Store needs assistance from Monero Community
What the proposal is about? Keyi Store is an eCommerce store that has ability to accept all and any cryptocurrency. The Store is currently in production. Anyone can now from Keyi Store (https://keyi.store) for cryptocurrency and it will be shipped. Also, we maintain the top notch Privacy, in general anyone can request us to remove data, simply mail us and everything is deleted, even the order informations(no hard copy or softcopy). As of now we already have a lot of products and we are adding more too. We can become the best eCommerce Store in the cryptocurrency world provided we have sufficient support from the cryptocurrency community.
Our platform can list ERC20 tokens for free but we charge $700 (monthly) or $7000 (annually) for our Pay Later gateway. If every 500 monthly transactions on our website, we give a 15% discount. The fund goes on for developing the other Payment Gateway + Wallet (Interest based).
We also have our own Payment Gateway, Pay Later, this gateway can delay the payments up to 48 hours as of now and we are trying to make it 5 days. So, anyone can order products from us, the order will be processed but the payment can be done later. We are also creating a credit based Payment Gateway, where users can add their desired cryptocurrency, whenever the user is ordering anything from us, the amount will be automatically deducted. Plus, the users can earn interest for keeping their money in the system. Pay Later is already out and can be used on our website and we are still developing the other Wallet + Gateway + Interest based.
So, we don't have any Partners at the moment and we are unable to promote it to the cryptocurrency community due to lack of resources. We have partnered with two companies, BEAM and Verasity and we are in discussion with more than 8 companies including NavCoin.
So, we want to have community backing from Monero to help Keyi Store to succeed. We have to the product, we are adding partners, we have the distributor plus logistic partners.
Who will complete the project? Saumya Brata Dutt will complete the project. The platform has been launched and is working. We need support in marketing as well as awareness.
Why it is important for Monero and the community? Any Benefits? We are expecting great sales if we have the right Marketing and Promotion as well as we will be adding more Partners. Our goal is to bring to real life applications that use or based on cryptocurrency and can also be used by non-cryptocurrency holders(people unaware and not using cryptocurrency). Keyi Store is one of our first application that is promising. If we are to receive assistance from Monero and the Community, we will display it in our platform, plus we will use Monero as one of the main currency for the company. So, any payment done on our website will be converted from whatever cryptocurrency to XMR. Plus, in every transactional message, receipts and communication method we will use 'Supported by Monero'. Once we gain enough customers, we will conduct programs to promote Monero to our customers. And lastly, we will provide some of the best offers and discounts to Monero holders only.
Example, if Someone buys a MacBook from our website and pays in BTC, we will accept the BTC, but to store the money we will use Monero.
We are open to any other ideas except for changing the Store product price display currency at the moment. And, we don't accept any fiat currency at the moment.
What makes our platform different from others? First, we really work hard. Our main competitor, as we thought was Flogmall. But after some research, we found that the website was not at all getting much traffic, hence they simply raised money from ICO and they not doing something to make it bigger. Whereas, we are working hard to make it a reality, a store from where you can buy anything with any cryptocurrency, plus, we have our own Gateway as well as creating another one.
Why are we creating our own token and holding an ICO? First, we plan to accept all cryptocurrency. Second, creating a Utility token doesn't even make sense when there are a lot of tokens available. We could create a revenue sharing token, where the token price is based on a direct profit sharing model(like 40% to 50%), where the profit is delivered through a mainstream token. If we were to conduct an internal crowdfund or ICO for the platform from Governance based cryptocurrency the result will be the same. We agree we could raise a lot of funds, but the token will not have many usages, plus we don't have resources to do the marketing. Simple as that, the whole operation will be a failure, plus the stress of everything failing will make it worse.
Do we plan to hold an ICO in future? This completely depends on the results, currently, we only planning to crowdfund with benefits for community or stake in our platform. If we don't succeed here, we might try with other companies. And even then if it fails, we will appeal directly to the community plus I'll create a token on revenue based system. If this was successful, we will consult the Monero Community before holding important events like ICO. But we think this can be a great an opportunity for us, as well as for the Community, not only we will promote Monero within our website and community in future but also we will use Monero for financials and promote the usage of Monero.
Why choose Keyi Store (recap)?
- The platform which is working perfectly.
- Our project is liked because most of the companies we contact are ready to be listed.
- Currently, 2 partners listed, plus NavCoin listed but yet to announce.
- Pay Later Gateway (beta) can support up to 48 hours late or delay payment but processes the payment.
- We can accept orders and ship orders with a tracking number.
- Another Gateway + Wallet (Interest-based) development underway, which can be used to pay directly within our platforms and upcoming platforms.
Milestones and projected timeline Milestone 1 - Integration of Monero in our Pay Later Gateway. Includes 1 year of Integration plus benefits. We charge $700 per month but annually we have reduced it to $7000. Also, for every 500 transactions in our website 15% discount on a monthly charge. The fund goes in developing the other Gateway + Wallet (Interest based). Timeline - June 4, 2019
Milestone 2 - Community Promotion If Monero Community members share Keyi Store, it will already be known to a lot of community members and holders of other currencies too. Timeline - June 7, 2019
Milestone 3 - 3 Infographic Video We will hire an animator to create 3 Infographic Video, which can be used later for promotion. Timeline - June 17, 2019
Milestone 4 - Advertising and Marketing PR We will do a Press Release which should inform a lot of Blockchain supporters about the project. Timeline - June 20, 2019
Milestone 5 - Advertising and Marketing YouTube We will advertise on YouTube to promote Keyi Store. YouTube can help with brand awareness. Timeline - June 24, 2019
Expiration Date - June 2, 2019
Currently, we are open for a stake based fund, so the whatever we earn we will give Monero community a percentage of it or reward based, where we can give amazing offers for the Monero community only or even both.
Open for discussions, pros and cons etc.
Team Members: Founder and every position you can think of - Saumya Brata Dutt Data Entry - Annie Ash
Contact the Founder : Telegram Group - https://t.me/keyistoregroup Telegram - https://t.me/keyistore or https://t.me/keyistore Quora - https://www.quora.com/profile/Saumya-Brata-Dutt Facebook - https://facebook.com/saumyabratadutt Twitter - https://twitter.com/saumyabratadutt
Merge request reports
Activity
Thank you for giving your idea to the Monero Community. I found this idea a little strange and will give you out some points of why I feel is a strange proposal.
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Monero is not a company, nobody owns Monero. If you hold, share, and/or contribute to the Monero Project, you can actually say Monero is "yours". This means if you integrate Monero to your business or daily life, you are part of the Monero Community.
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Being a Monero community member, I wouldn't pay for Monero integration even though I want Monero to be accepted globally. Monero is quite easy to integrate into any business, there payment gateways, payment processors (plugins/libraries) that are open source to support you in the process, or just add a Monero address and logo to your website saying you accept Monero payments.
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If you integrate Monero to your business you can add your website to the Merchants section inside the getmonero site (https://www.getmonero.org/community/merchants/), that sure will have a lot of attention of the Monero community.
I might be missing something about this proposal or maybe I didn't understand your intention, but if you want to make a global payment processor where Monero is the central coin. I think this could be better approached inside the Monero community helping to build a library that could be open source so every other user can use it. That sure will be a great work for the Monero community.
I would say this is a kind of a Monero investors idea, where you have a running business, you're looking for a Monero investor who would want your project to flourish, and add Monero as a central payment gateway. At the moment we don't have that section, I suggest to open a investors (at risk) section for the CCS so these ideas can be added in that section and shake the Monero economy.
In the telegram Monero chat rooms, we have a Monero Jobs & Proposals (https://t.me/MoneroJobs) where this proposal can fit.
Thank you for your reading.
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Yes, actually there's a slight misunderstanding. I came to Monero community, to propose crowdfunding obviously not for free, in exchange for the fund+marketing you can take a stake or best offers we can provide or both. Next, our Payment Gateway is free, but our Pay Later option is a paid part. Please read more about it here - https://keyi.store/what-is-keyi-store-pay-later-option/ Also read about the benefits here - https://keyi.store/why-should-you-use-keyi-store-pay-later/ We have the ability to bring all cryptocurrencies to our platform that will it bigger and brighter. As of now Nav Coin is happy to be associated with us since we can and will sell everything that can be found legally. So once we become that Monero can join us, in exchange for the assistance we will use Monero as a main transactional currency plus promote the usage of Monero to other coin holders who will visit the platform to buy.
NACK
You are asking us to give you 7000$ to pay for the integration with your payment system, marketing, community support, infographic videos and we would get in exchange, quoting you:
in exchange for the fund+marketing you can take a stake or best offers we can provide or both.
Sounds quite a deal... for your company at least :P.
No, thanks.
As said in !76 (closed), Monero community will support any merchant needing technical help to integrate Monero, but incentive them is not the way we are.
