A team of Russian developers AT Ahoolee.io, which lists 40 million items from more than 1000 online stores, aims at helping consumers to buy goods on the Internet for the lowest prices.
To enable consumers from different countries to pay for goods using cryptocurrency, Ahoolee has created tokens (AHT) based on the proprietary Blockchain using the Ethereum code. One can exchange Bitcoin, Ethereum, Waves, Dollars, Euro or Rubles for tokens through the internal tool embedded in the wallet.
Ahoolee is based on a decentralized business model, which means any person is able to become its contributor and add a store, download a catalog, or check the quality of offers. Contributors can earn Ahoolee tokens for performing certain tasks and use them afterwards to pay for available goods.
As it’s widely known, marketplaces are often not so helpful in finding best deals because of the limited number of engaged partners. When it comes to online shopping, it takes hours to find the lowest price for desired goods. Search engines make the process even more complicated as one has to manually browse tens of websites, compare prices and characteristics.
The web crawler in Ahoolee.io automatically indexes stores, downloads catalogs, and combines similar products into one card. Using such a card, a consumer can compare prices from different retailers and track a detailed price history.
At the preliminary ICO that took place on July 3d, Ahoolee received investments in cryptocurrency that amounted to 200,000 USD during just 30 minutes.
By the end of 2017, the Ahoolee team plans to engage 50,000 stores and increase the number of goods in the system up to 1 billion.
The near-term plan also includes contextual advertising on Ahoolee.io and launch of premium accounts with a subscriber fee. A premium account is used to highlight a store in search results and is a guarantee that a retailer is not a fraudulent seller.
To bring that to life, the Ahoolee team runs ICO from August 28th, and will officially accept investments from the USA.