Spin Protocol - a decentralized commerce ecosystem that directly connects vendors and influencers by using blockchain technology. E-commerce remains very promising with an expected market size of $ 4.8 trillion in 2021.
Contents:
- Benefits of running a dapp application
- Description of the Klayth project Spin Protocol
- Additionally about the blockchain product
Benefits of running a dapp application
The six core values of the SPIN protocol are globalization, open participation, fair distribution, transparency, direct relationships and a true reputation. Based on six core values, the company plans to achieve the following goals.
| Participation | Everyone should be able to participate in the SPIN protocol as a member of the ecosystem. |
| Connection | All suppliers should be able to connect with global consumers. |
| System | Creation of a reliable trading ecosystem for participants. |
| Improvements | Support a transparent reconciliation system and a structured reconciliation system to improve the influencer commerce industry. |
| Increase | Maximize the profit of each participant and contributors. |
| Prices | Qualified goods must be provided to buyers at a reasonable price. |
The SPIN protocol will be the new standard for commerce, eliminating undue interference from current global e-commerce platforms and giving vendors the ability to meet directly with global influencers.
Description of the Klayth project Spin Protocol
The SPIN protocol also allows influencers to easily become independent vendors by supporting business activities.
Product registration is just a great excuse for suppliers to start active discussions with influencers around the world, because they may already have a strong commitment to participating in the ecosystem. Based on their interest, influencers can choose their preferred product to sell from registered products. Once vendors and influencers have fairly agreed on everything, they can begin promotional activities such as social content creation. The proposed ratio runs on proof of publicity and transparent transaction data, confirming the actual sales conversions of influencers. Vendors only share their income when influencers actually contribute to the sales. This allows suppliers to save on the pro bono costs of finding a suitable and effective influencer through intermediaries.
Additionally about the blockchain product
The company actively uses social networks. Some of them:
- White paper;
- Facebook;
- Twitter;
- LinkedIn;
- Telegram.
As the project develops,follow the updates, regarding the development of the project.