Overview

ICO project by Olga Buzova - marketplace and communication P2P-Platform

Project stage

Only a whitepaper

Detailed description

BUZSOIN is a crypto-currency, the settlement unit of the BUZAR blockchain platform. The BUZAR platform is an integrated ecosystem where the functions of a trading platform and a communication service are realized simultaneously.

With the development of the Internet and ongoing digitalization, people’s needs for communication are growing. At the same time, e-commerce sites such as AliExpress, Amazon and WeChat have made tremendous progress in the field of electronic commerce, and their turnover is already estimated at billions of dollars. BUZAR combines these two active trends and creates a new unified platform on the Internet that will combine the functions of the communication p2p platform and the universal Super-Marketplace.

An instant messenger will be created on the platform for communication between the BUZAR participants. With the advent of BUZAR, you no longer need to move between dozens of applications. It will be enough only to buy BUZCOIN tokens and install the application with a wide range of functions: 

1. Social network

Creation of communities and groups, personal pages of users and public pages for organizations. Users will be able to find new friends, partners and share their notes and impressions. 

2. Messenger 

Text messages exchange, calls and video calls. 

3. Communication over encrypted channels 

You will be able to send private messages via encrypted channel, as well as your photos and documents. The possibility of anonymous exchange of messages, calls and video calls via encrypted channels will be realized. 

4. Implementation of the “app in app” model

Direct user access to the services of hundreds of companies and applications through BUZAR.

5. Data communication 

You will be able to send files, photos and documents to your friends and partners. 

6. Music service

Platform users will store, reproduce and post online audio files, and performers and copyright owners will post their content and receive payment for its use.

7. Video hosting and streams (broadcasts) 

Ability to publish video content and share it with other users. Copyright owners will post their content on the platform and receive a reward for its use. 

8. Events

Purchase of tickets for concerts and other events. Such a functional will allow to lure the user from the first minutes as deeply as possible, and a simple and intuitive interface will facilitate its rapid development. Any of us, logging in to BUZAR, can immediately and simultaneously gain access to the capabilities, functionality of almost all social services that exist at the moment.

Problem

Complex withdrawal of cash for sellers 

Each marketplace introduces its limits on the withdrawal of funds and sometimes it takes more than a month. 

The possibility of deception 

Despite the fairly tough policy of major marketplaces that really helps protect consumers' rights, buyers are not always insured against cases when the seller, in the guise of an expensive product, sells some cheap product, or even disappears with other people's money. 

Scored ratings and reviews

This is a real problem and a major reason why customers experience so many difficulties in finding a really good seller that would sell them the goods of proper quality. 

High commission rates 

The entrepreneurs who want to sell their goods with the help of the marketplace are forced to pay very high fees (the amount of the corresponding commission surcharge can reach 10 percent). This disadvantage is also directly displayed on users, since sellers proportionally increase the cost of the goods, so that buyers often overpay for the goods. 

Ineffective support In the event of problems (regardless of whether these problems are purely technical or not), the response time can be as long as weeks. In turn, this can lead to the fact that the problem is solved with delay (at the moment when the urgency of the solution of this problem is completely leveled) or not solved at all. 

Tough administrative policy 

Many world sites sport extremely strict standards in relation to sellers. Minimal violations of the terms of use can lead to permanent blocking of accounts and complete loss of the client base. Administrations of modern marketplaces quite rarely really take into account the arguments of all parties to properly resolve conflict situations and, often, do not give second chances.

Solution

The platform itself will act as an intermediary and guarantor, which, using technologies and smart contracts, will eliminate possibility of any fraud during the transactions on BUZAR. The customer will buy something on the BUZCOIN platform, and the seller will receive them only after the goods are transferred or the order is executed. In case of disputes, BUZAR will act as an arbitrator that will make final decisions. 

Thanks to the above opportunities, BUZAR will become a transparent and honest Super Marketplace that will unite all the activities at once and will have the widest possible client base. The BUZAR site will work simultaneously in three segments: 

  • C2C (client — client); 
  • B2C (business — client);
  • B2B (business — business)

Features

  1. Bulletin board and online auction 
  2. Purchase / sale of goods and services: With a guarantee of security of transactions through the technology of smart contracts in the B2C, C2C and B2B segments. 
  3. Creation of online shops on the basis of BUZAR: Its functional will be available for all platform participants who have been identified. 
  4. Discounts and loyalty programs: For platform users from partner companies and rewards for being active inside BUZAR, such as writing reviews of products and services. The program will focus on companies that work under the brand of Olga Buzova. 
  5. Job search service: With a developed rating system and verification of participants. 
  6. Service for rent and sale of real estate: With a developed rating system and verification of participants. 
  7. Service for the exchange of crypto-currency: The ability to quickly exchange BUZCOIN for other crypto-currencies money. This function will be introduced after the appropriate license is received. 
  8. P2P payments: Payments on the platform will not require intermediaries. Platform users will be able to send each other BUZCOIN crypto currency.
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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : BUZ
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 210,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :2,100,000,000 BUZ
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, DASH, ETH, LTC, XRP,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Singapore, South Korea, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Round 2 (Public ICO) — Ended
      01 Aug 00:00 UTC
      20 Oct 00:00 UTC
      0.1 USD 2% - 28% Min 10 USD Uncapped 210,000,000 USD
      Round 1 (Pre-ICO) — Ended
      18 Apr 00:00 UTC
      17 May 23:59 UTC
      0.1 USD 2% - 38% Min 10 USD Uncapped Uncapped
      Round 2 (Public ICO)

      Main sale bonuses:

      01- 14 Aug:  20%
      15- 28 Aug :  15%
      29 Aug - 11 Sep:  10%
      12- 25 Sep:  5%
      26 Sep - 01 Nov:  0%

      Amount bonuses: 

      10,000 - 50,000 USD: + 2% bonus

      50,000 - 200,000 USD: + 5% bonus

      200,000 USD: + 8% bonus

      Round 1 (Pre-ICO)

      Pre-ICO bonus: 30%

      Amount bonuses: 

      10,000 - 50,000 USD: + 2% bonus

      50,000 - 200,000 USD: + 5% bonus

      200,000 USD: + 8% bonus

      Read more about vesting and bonus
      • Team

        • Olga Buzova photo
          Olga Buzova
          Founder
        • Aram Archer photo
          Aram Archer
          Founder
        • Andrey Semin photo
          Andrey Semin
          Founder, Project Coordinator
        • Dmitrii Borodin photo
          Dmitrii Borodin
          CIO/CTO, Software Architect
        • Yan Koyfmann photo
          Yan Koyfmann
          Author Of The Idea, Blockchain And ICO Expert
        • Angelika Sheshunova photo
          Angelika Sheshunova
          Co-founder and CEO
        • Andrey Nedobylsky photo
          Andrey Nedobylsky
          Co-founder and CTO
        • Konstantin Lazukin photo
          Konstantin Lazukin
          Software Engineer
        • Andrey Grachev photo
          Andrey Grachev
          The Representative Of The Project
        • Franc Baron photo
          Franc Baron
          IT Consultant
        • Alexey Novikov photo
          Alexey Novikov
          Investment Director
        • Ilya Ilinskiy photo
          Ilya Ilinskiy
          Co-Author Of White Paper BUZAR
        • Denis Kastin photo
          Denis Kastin
          Co-Author Of White Paper BUZAR
        • Andrey Eremishin photo
          Andrey Eremishin
          Design
      • Advisors

        • Elena Mashina
          Legal Adviser
        • Gala Litovskikh
          Legal Adviser

      Roadmap

      • April 2018

        PreICO

      • June-Sep 2018
        • Initial token offering
        • Generation and distribution of tokens
      • Q4 2018
        • Drafting technical tasks
        • Purchase of equipment 
        • Software development
      • Q1 2019

        Testing of the first services of the platform: ticket sales, beta version of the Bulletin Board, loyalty programs

      • Q2 2019
        • Testing the mobile version of the platform
        • The launch of messenger, text messages and mobile versions of the platform
        • The launch of the B2C and C2C segments of Super marketplace
        • Adding audio calls to the messenger
        • Introduction of the online stores to the platform
        • Launching the program to reward participants for actions on the platform
      • Q3 2019
        • Integration into instant messenger p2p payments
        • Running on the platform of video hosting and streaming
        • Adding video calls to the messenger
        • Activation of group buying
      • Q4 2019
        • Testing the beta version of the «app in the app»
        • Starting a recruiting application
        • Running the app to search for realty
        • The implementation of a new model «app in the app»
      • Begining of 2020
        • The launch of the B2B segment of Super marketplace. 
        • Further development and expansion

      Activity