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The Olife platform believes in the use of blockchain technology to propel the messaging ecosystem and industry into the future. In decentralized networks, generated economic value and governance are distributed among the network’s stakeholders. Continued engagement with the service will then be promised, creating a self-propagating, self-sustaining ecosystem that universally benefits businesses and end-users.
Mobile messaging apps have developed into a strong force in the mobile app sector following the advent of the Internet era. Today, we are witnessing the next evolutionary leap: Messaging apps becoming multi-dimensional entities, integrating with other business verticals.
Digital commerce has reshaped the way we shop and interact with merchants. Mobile shopping has been on the rise, with customers increasingly using their mobile devices for various online shopping activities. In 2017, an estimated 1.66 billion people worldwide purchase goods online. During the same year, global e-retail sales amounted to 2.3 trillion U.S. dollars and projections show a growth of up to 4.48 trillion U.S. dollars by 2021.
According to a study conducted by Statista, penetration worldwide, 46 percent of internet users in the Asia Pacific region and 28 percent of those in North America accounts for global mobile shopping penetration rate. As of the third quarter of 2017, desktop computers still accounted for most global e-retail orders, but smartphones were the number one device in terms of retail website visits.
Existing digital commerce platforms still face challenges such as payments, data security, transparent marketplace, satisfied retailers and consumers. Olife is the new age crypto-commerce ecosystem developed to tackle these challenges. Powering the digital ecosystem is a new digital currency, Olife.
The Olife Ecosystem is built upon four key pillars: Payment and Commerce, Advertisements and Rewards, Personal and Professional, Proof of Stake, Proof of Economic Activity and Smart Contract. Together, these 6 core concepts propels the ecosystem and establishes synergy between digital communication and commerce sustainably.
The Olife App is a B2B2C chat and commerce solution built on blockchain and smart contract technology that allows the hosting of masternodes and staking of wallets. The app incentivizes users with Olife tokens by performing valuable actions, and these tokens hold real world value both within and out of the application.
Olife will distribute the total number of tokens as follows - 50% of all Olife tokens will be distributed for purchase by supporters and partners in the Private Sale. The remaining 50% of Olife tokens created will be issued to Olife stakeholders-further details of the distribution of tokens to the stakeholders is outlined below: