Curated ICO Selection – February

Synapse AI

This interesting token has captured our attention; being a decentralized AI network that trains itself and helps Holders get paid for sharing their data. The idea of the token is to connect Data sellers to Data Buyers. Most users unknowingly or unwillingly sell their personal data to companies and do not receive any compensation. Synapse aims to create a fair market place where users are compensated for sharing their data on an Ethereum platform.

Cashless Synapse AI

The SYN utility token powers the market place for data buyers and sellers. Sellers can choose exactly what aspect of their data they would like to sell and this data would be available for purchase on Synapse’ decentralized market place which spans a multitude of industries such as marketing, entertainment, education, pharma etc.

The Synapse ICO is open until March 12th. Tokens are currently selling at a rate of 1008 SYN for 0.1 ETH, which is good value for such a project. Especially with a revolution in Data Protection laws in the EU and across the world

Get 100 Free Tokens on signing up and an additional 100 tokens for referring with 5% back for referral purchases.

Cashless Synapse Token

Corbit

This seems like an innovate approach in creating an exchange for crypto-currency trading on the Ethereum platform. The supposed benefits of this platform is its user friendly interface (not yet available to the public) and its speed since its based on the Ethereum chain. The thing that captures the eye however, is its decentralization (implying users have complete control over their crypto assets unlike regular exchanges) and it’s safety considering users control their crypto assets on the blockchain.

Cashless Corbit Token

Moving on to the token usage, the CEX token allows holders to claim a share of fees generated by the payment service and exchange. Consider this to be a pool of holders gaining assets as the number of transactions increase on the exchange, and as the value of the token rises. As a holder of CEX token, it is proposed that holders will receive 50% of the transaction fees of every transaction divided by the amount of all distributed tokens.

The airdrop lasts till 9th of March with users receiving 30 CEX tokens for participating and 10 CEX tokens for every referral. All you need is an Ethereum public address from MyEtherWallet and you’re ready to get your free tokens! At a value of $0.2 for 1 CEX token, this is the best entry point for an exchange of this potential. This is a great long term hold as Corbit plans to deploy into Main-net by Q4 2018 and provide margin trading in 2019. Corbit

Corbit Token Cashless

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Amazon Go Experience

The past month has been an incredible step forward for cashless payments. We have entered a new age of retail shopping with Amazon Go trialing their completely automated cashless store in Seattle. Let’s have a look at some initial impressions of Amazon Go.

The Cashless Experience

It’s pretty important to keep in mind that Go is still in a proof of concept stage. It’s near impossible to perfect such a concept in the first “Go”. Questionable use of pun aside, the first week of trials can largely be heralded as a success despite some minor hiccups.

The Technology

The shopping experience is as seamless as simply walking in and out of the store with your groceries. Users have to download the Amazon Go app first, from either the Google Play-store or iTunes and linking it to your existing Amazon account. A valid credit card should already be linked to this account, in order to be completely set up. After linking successfully, the app will display a unique code. It’s this code that identifies you as an individual. Simply scan this code at the entry turnstile and you can begin your shopping experience.

A multitude of cameras and sensors in the store tracks your movement and together with Artificial Intelligence, tracks gestures and products you bought. There’s no billing or check out in store. Just walk out of the store with your items and the app will calculate your basket and bill you. It’s possibly the most seamless and non-intrusive shopping experience yet!

The Experience

Prior to opening the store to the public, one of the most hotly contested issue was how would this impact customer experience. The most noticeable improvement in customer experience is the visible lack of queues. However, there were periods in the day where the lines were long. But this was short lived as the lines kept moving. What’s important to realize is that queues moved along quickly even during peak store footfall. This is a huge step forward when compared to the nightmare that is Black Friday sales! Amazon Go’s true test would be how it handles crowds during the holiday shopping season.

Another positive experience from a consumers perspective was that items in store were reasonably priced. It’s crucial for Amazon to keep their prices level with regular super markets while maintaining overheads involved in operating such a place and of course balancing that R&D budget! This is an understated nuance, since consumers can fall of the wagon after the novelty of such a store wears off. Amazon could have easily chose to mark up their products but they didn’t. This is indicative of their long term view of garnering adoption rather than banking in on immediate short term hype.

On a side note, unfortunately purchases of alcohol required human intervention. A potential solution to this is to submit proof of age in the App and getting it verified, before entering their stores.

What’s missing?

One of Amazon’s biggest pull is their rating system. I have lost count of the amount of times where positive user reviews and ratings convinced me to buy a product. The converse is true for this as well. Ratings were visibly missing in the store. But this is understandable considering the logistics involved in making something like this happen. Amazon clearly knows the value of user data, ratings and reviews which feeds into their successful recommender system. So I wouldn’t put it past Amazon to introduce product ratings in their next iteration of Go.

Final Verdict

It goes without saying that Amazon are pioneering a new era of cashless payments. This proof of concept with an amibitious plan of 2000 stores, has the potential to go far beyond and be instilled in the fabric of how we shop. With technology such as contactless payments, Android/Apple Pay, wearable payments etc, Businesses are now more open to enable seamless payments processing. Amazon Go is as seamless as it gets without entering the realms of biometric payments.