BOB'sRepair: Smart Contractors use Smart Contracts in a decentralized market
BOB'sRepair: Smart Contractors use Smart Contracts in a decentralized market
Bob's Repair is a company created to eliminate cheating in a skilled trading services industry by launching a decentralized website where everyone can perform a search based on previous transactions for any worker and see how much their service is.
Bob's Repair founder has been connecting contractors with consumers since 2013, serving 55,000 consumers and generating over $ 1,000,000 in revenues for their contractors through marketing initiatives. The brothers then decided to use Blockchain technology to solve major problems affecting today's home improvement market by setting up Bob's Repair.
Bob's Repair Mission
Bob's Repair mission is creating transparency in the service industry so as to minimize fraud, giving consumers the peace of mind by interacting directly as they search for low-priced constractors so that consumers get the price they want.
The Plan
To maintain revenue and growth, Bob’s Repair will follow the modern trend in revenue models.
Bob’s Repair will not have membership fees, sign-up costs, or transaction fees. This keeps the barriers of entry as low as possible for contractors and prices as low as possible for consumers, which will facilitate growth.
Instead, Bob’s Repair will earn revenue by generating money through the STEEM blockchain, escrow services, and providing targeted beneficial third-party services to contractors and consumers.
> Revenue Model
To keep prices low for customers and barriers of entry low for contractors, Bob’s Repair will not have membership fees, sign-up costs, or transaction fees. Instead, Bob’s Repair will generate revenue in three ways: the STEEM blockchain, escrow services, and providing targeted beneficial third-party services to contractors and consumers.
- STEEM Blockchain. Use of the STEEM blockchain will result in revenue for Bob’s Repair, as explained in the STEEM blockchain white paper.
- Escrow Services. For transactions where the parties desire to use an escrow service, Bob’s Repair will earn a 1.5 percent service fee from the funds held in escrow. For escrow services, Bob’s Repair will leverage blockchain technology to ensure that project milestones, reviews, and associated data are stored in tamper-proof format.
- Third-Party Services. To generate revenue and provide further benefits to contractors and consumers, Bob’s Repair will provide targeted loans, insurance products, and decentralized financial products and services for both contractors and consumers.
> Growth Strategy
Bob’s Repair plans to recruit contractors from the top 100 US local and regional markets before pursuing international growth.
To spread the word, Bob’s Repair plans to utilize the 50,000 person customer base from the STWP, the cryptocurrency community, and social media. Bob’s Repair is confident that awareness will lead to growth. Contractors will respond to the benefits of the platform, like higher take-home pay and more control of their schedule. Likewise, consumers will flock to the trustworthy reviews, lower prices, and better service. This will result in a thriving decentralized network of contractors and consumers.
Initially, Bob’s Repair plans to recruit contractors from the top 100 metropolitan markets in the United States based on highest median household income before pursuing international growth.
City Ranking
|
City Name
|
Median Income
|
1
|
Bethesda, MD (pop. 60,858)
|
$149,932.00
|
2
|
Sammamish, WA (pop. 51,229)
|
$143,965.00
|
3
|
San Ramon, CA (pop. 75,332)
|
$131,309.00
|
4
|
Cupertino, CA (pop. 60,668)
|
$130,418.00
|
5
|
Greenwich, CT (pop. 61,171)
|
$124,651.00
|
6
|
Southeast Marin, CA (pop. 51,775)
|
$123,151.00
|
7
|
Pleasanton, CA (pop. 77,682)
|
$121,622.00
|
8
|
Palo Alto, CA (pop. 66,955)
|
$121,074.00
|
9
|
Flower Mound, TX (pop. 69,650)
|
$116,898.00
|
10
|
Newton, MA (pop. 88,287)
|
$116,612.00
|
11
|
Ellicott City, MD (pop. 65,834)
|
$116,106.00
|
12
|
Dublin, CA (pop. 54,695)
|
$115,694.00
|
13
|
The Woodlands, TX (pop. 93,847)
|
$114,608.00
|
14
|
Frisco, TX (pop. 145,035)
|
$109,956.00
|
15
|
Issaquah Plateau, WA (pop. 53,651)
|
$109,889.00
|
A sample of 15 cities taken from Bob’s Repair marketing campaign documents that outlines future marketing campaign directives.
The ICO
Bob’s Repair, a Delaware Corporation, will conduct the BOB Crowdsale and issue BOB Tokens.
The BOB Crowdsale will use smart contracts. A BOB Token is an ERC20 token. The BOB Crowdsale will consist of two rounds: Pre-ICO and ICO. After both rounds are finished, the BOB Token will be published on the Ethereum mainnet.
> ERC20 Token
- Name : BOB Token
- Symbol : BOB
- Decimals : 18
> BOB Crowdsale
To participate in the BOB Crowdsale, purchasers must register on the Bob’s Repair website www.bobsrepair.com
- complete a Know your customer (KYC) form
- complete an Anti-Money Laundering (AML) form
- provide the ETH address the purchasers want the BOB Tokens sent to.
After completing these steps, Bob’s Repair will provide the purchaser with addresses where they can send cryptocurrencies (BTC, ETH, LTC, DASH) or fiat money.
Token price
|
● 1 ETH = 6000 BOB
Tokens
● Deposits in non-ETH currencies
will be converted by the rate at the time of deposit according to the Kraken exchange.
● Pre-ICO Bonuses:
○ 0 - 2000 ETH collected: 30%
bonus
○ 2000 - 3000 ETH collected: 25%
bonus
○ 3000 - 4000 ETH collected: 23%
bonus
○ 4500 - 6000 ETH collected: 20%
bonus
|
Pre-ICO hard cap:
|
6,000 ETH
|
Hard cap (maximum amount to be collected
during Pre-ICO and ICO)
|
30,000 ETH
|
Soft cap (if this amount is not collected,
then money collected during the ICO is refunded)
|
6,000 ETH
|
Pre-ICO start:
|
04 Jan 2018
|
Pre-ICO end:
|
04 Feb 2018 or after collecting Pre-ICO
hard cap
|
Public offering (ICO):
|
TBD - Q1 2018
|
> After the Pre-ICO an ICO end, tokens will be distributed:
- 50% of outstanding BOB Tokens : Crowdsale Purchasers (Pre-ICO and ICO)
- 20% of outstanding BOB Tokens : Management Team (vest over 18 months TokenVesting platform)
- 10% of outstanding BOB Tokens : Legal
- 20% of outstanding BOB Tokens : Reserve
> Tokenomics
The BOB Token will feature a profit-sharing like mechanism. The BOB Token is the investor’s stake in Bob’s Repair. Bob’s Repair will use 50 percent of all quarterly profits to purchase BOB Tokens on the open market and then burn them. This ensures that the value of the Bob Tokens grows over time, as Bob’s Repair grows through the United States and internationally.
> Regulatory Compliance
Bob’s Repair will issue the BOB Token as a security in compliance with SEC regulations. To ensure regulatory compliance, Bob’s Repair has engaged counsel experienced with SEC
regulations and international finance.
Team
- Frideric Prandecki : Co-Founder, CEO
- Alexandre Prandecki : Co-Founder, COO
- Todd Conley : Co-Founder, CTO
- Evgeniy Tatarchuk : Senior Developer
- Pavel Rubin : Blockchain & Software Developer
- Dr. Christina Czeschik : Market Growth Analyst and Strategy Consultant
- Inventus Law : The Global Technology Law Firm
- Alain Schoovers : Senior Front-End Developer
- Anna Turina : Social Media & Communication Manager
Advisory Team
- John McAfee
- Vitaly Pecharsky
- Monty Lapica
- Greg Buchan
Roadmap : https://www.bobsrepair.com/#timeline-2
For More Information
Bitcointalk Profile : moetimas
Ethereum : 0xF234Fd34C70C1868734a54DEf1A19C7e27add4F2
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