FRUGALIC is blockchain based marketplace for all edevices where
the devices self-list when devices's owner demands it. No such
appliation exists to day. Neither ebay nor craigslist nor anyone else
we know of allows this type of capability behooving to be present in
todays self aware Internet of Things eCommerce. If you ever listed
anything on ebay you may know what pain it is to have to create a
listing. What if this listing could self create letting the device
self list? We are not a vaporware project. We have built and tested a
lot of our software already and the listing experience and ease of use
it offers transcends anything you may have experienced when listing
any cellphone (or edevice) on ebay! FRUGALIC is building a shared,
universal ledger designed to track ownership for the world's digital
hardware assets around us - and those there are way more than people
on facebook yet there is no repository for all devices like there is
for human profiles. The ledger also contains data about device
technical characteristics thus fingerprinting them. It ledgers
devices, their specs, their owner email, not humans.
You will not find some crazy conjured up PDF white paper here
with crazy predictions. We want all to be as simple as possible. Think
how many more devices there are in the world than people. Think of
frugalic as largest repository of devices. Just like Facebook is for
people, Frugalic is for devices. Frugalic is striving to accomplish
utmost simplicity in populating a blockchain based edevices
marketplace surpassing in simplicity of use (yet technical
sophistication) those of centralized ebay/craigslists/amazon
marketplaces. The project will be using a blockchain based distributed
database AND a unique automated method and apparatus for the
procurement/obtaining of information about sell-able tangible
electronic items called in a generic manner: edevices. No need to
manually describe them like dead penz-dispensers that ebay allegedly
started with. Think about the valuation of Facebook eBay or Amazon. We
are right in their space yet making all devices self list their
profile identifying their user when the user demands it.
E-devices i.e. androids or iphones can self-list and can be
recorded in the frugalic blockchain for sale or just for the
recording of their ownership status.
The information about those items is automatically obtained
and placed in the frugalic blockchain associated with their current
owner with one owner's click - NO NEED to elaborately manually
laboriously author an html listing like it is on ebay using their
website tools.
The method and process is the ideal solution for amazing
increase and proliferation of listings - billions of android and ios
devices in presence today will be able to SELF-LIST in the blockchain
with one click of one button by their users.
The lack of huge number of those normally constitutes the
barrier of entry to compete with leading auction and eCommerce
companies. frugalic is supposed to enable such listings in a
blockchain based database with automatic self-listings thus creating
a next generation competitor for craigslist, gumtree or ebay fixed
price listing platforms.
BASIC PRINCIPLES AND SCENARIO OF USE
FRUGALIC blockchain based technologies are intended to enable searching
for and AUTOMATIC listing - potentially billions of dollars of
electronic items such as android and ios devices and laptops in a
blockchain. There is no need to craft listings like on ebay. frugalic
is like a facebook but not for human profiles but rather edevices with
devices listings containing owner email as its major attribute. You do
not need to manually create profiles for the edevices - the devices do
that themselves and insert their profile data into the blockchain
alongside owner email. In Facebook, it is human elaborate interaction
and profile crafting that results in a listing/profile. Special
frugalic software downloaded form google Play store or Apple App store
allows the devices to self list and create a blockchain based entry
that depicts the devices along with their current owner emails. You can
search and look for devices that are for sale as well as you can review
prior ownership of a given device.
Items that frugalic technology can easily identify and list
with EXTREME PRECISION and ACCURACY include billions of dollars worth
of:
Android devices
iOS devices
TESLA vehicles
PC computers running versions of Windows
PC computers running versions of Linux
Apple computers running versions of OSX
All you need to do is make sure an app is downloaded from corresponding
store and you just press the button and specify your email as the owner
of the device. Frugalic self listing technology is based on
Link to
patent https://www.google.com/patents/US20050114505 Below is a ready
android based alpha version of client that is to list device
self-described information and insert it as a listing into frugalic
blockchain. Autonomous device-demand driven listings. No manual
authoring of a listing is needed like on ebay. Additionally info about
device owner and contact email is injected into frugalic blockchain.
Devices can be searched via different web clients clients that look at
the frugalic blockchain.
Frugalic Token
Frugalic marketplace will be using a digital token off the Waves Platform block chain
token, the primary form of payment for listings and final value sale
fees (identical to those well known from eBay and amazon like sites)
as well as historical devices ownership reports data (like carfax is
for cars where a report has to be paid for).
We anticipate the token shall enable listing and selling
service on the network when payments are to be accepted in whatever
form they might as the network grows. So if you have a frugalic token
and you have to pay any fee to list and sell on frugalic blockchain
you can use the token towards that goal. For example if listings
become paid or when device ownership history becames paid, a listing
will be possible in exchange for the token or a faction of it. In fact
the owner of frugalic tokens may even offer broker services for
others and pay for it with the token. So in the future if you sell a
TESLA car that you had self-listed autonomously/automatically on the
frugalic blockchain, you be able to pay any final value fee or
listing fees with the token (see equivalent fees on eBay or amazon
and how high they are!)
Multiple website and clients from independent parties may be
created as a result of built APIs o fetch blockchain described
devices data.
Contributing DONATIONs
It is hard to take off to compete with ebay/amazon/craigslist-
we will be looking for people to join and build this simple yet
challenging landscape - if you would like to assist us with a non
binding donation (as we do not know if donations can suffice to
support what we want to accomplish so it would be irresponsible to
promise anything in return at this point)- a few person small team
that quit they daily jobs - to launch and prepare for an ICO please
consider assisting us in BTC or ETH to:
1KvzokgWmnnzngtdTGnydx7r8yKYuUZDdR
0xcE1Cf0e70b69B5C1EF0622b973CAFb9dB7d862bC
Initial Coin Offering Goals to Achieve Desired Growth Strategy
We will use Waves Platform to generate 1 million Frugalic
Tokens.
9million of those will be kept by the development team and 1million will be listed
immediately on exchanges for sale with the proceeds for the purpose of growing development team and project work.
We are seeking 10million in this sale. So we would like to have one token priced at around $10. Each token can be subdivided into
1000 fruglic subunits. One fruglic we anticipate to be roughly worth 10 US cents at ICO time.
There are about 5x more people and far more than 10x the number of devices in the world today
and it keeps growing. We want tokens (or their fractions) to be used for device listings and device ownership history retrieval (like carfax demands payment for history on cars, we want to use frugalic tokens to get data on listed devices).
Each such Token will allow its current owner a service to list with no final value fee any devices they wish to for a certain
to be established token fraction.
Each such Token will allow its current owner a service to
list history information for any device (like a carfax allows for
cars only) for a certain to be established token fraction.
Team Frugalic is founded by a team of VP/Principal Software
engineer and Silicon Valley native tech veterans to have worked for,
at or with the technology the following companies in Silicon Valley
California:
Some of our patent work is located here along with information about
one of the founders to have built the initial patents for frugalic
and to have later worked at eBay.com and as VPs or Principals at
prestigious Silicon Valley comapnies. In the spirit of bitcoin we
believe in hard work and low profile, so we would like those
considering buying tokens to consider merits of the project rather
than look for rolodex names generating hype. Link to
patent https://www.google.com/patents/US20050114505 Link to
patent https://www.google.com/patents/US20050177387
