Coolomat Market will change the online e-commerce grocery sector with an innovative approach connecting customers and producers, big and small, over a new innovative online platform utilizing blockchain technology and open source software. A big “game changer” is the connection to physical click & collect pick up point devices – Coolomats. Our devices present the first and the only worldwide network of such kind.

Our own token will bring to our ecosystem many benefits the first one being avoiding any kind of transaction fees present in regular online grocery sales payments for the products purchased on the platform. We will not exclude the possibilty of paying for the purchases with other major cryptocurrencies but in this cases blockchain network fees will apply for the buyer. We will develop the platform on an open source concept and thus enable the general blockchain and opensource communities to collaborate with us in the development of the platform and its solutions.

We want to participate with different blockchain solution providers (supply chain etc) which we want to integrate into our revolutionary grocery sales ecosystem. By doing so we think we can help speed up the usage of such blockchain technology solutions using an almost every day use case scenario like purchase of groceries.

We will also enable the platform community to participate in different decisions of our ongoing growth by either staking their tokens (voting for click&collect locations etc) or by misc smart contracts where they will be also paid for their actions (review of purchased product/basket experience, of logistics service quality, of general product quality etc). On the other side the sellers on the platform will be able to create their own loyalty or special discount incentives where the payment currency will be always the token.

In future as our business grows we have also further business development plans where our token will play a crucial role as the primary currency of our ecosystem. The upgrade of our click&collect points with cryptocurrency ATM functionalities and the possible introduction of a separate security token for the purpose of investing into our Coolomat network expansion and participating by the profits of each such location or multiple locations. This plans might be realized sooner in case of full success in the token crowdsale or later and as our Coolomat Market revenue and profit grows.

Please read more in our whitepaper

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