1. EXECUTIVE SUMMARY
As digital assets is reaching mass adoption, paying for Products and Services with digital assets will become mainstream. Fiat currency is currently the accepted mode of payment for Products and Services, However, the rise of digital assets will eventually be adopted as either an additional payment method or primary payment method. Thus merging Digital Euro Token with Salehub Platforms made absolute sense. With the Digital Euro Token, people will be able to pay for products or services using digital assets.
Our long-term vision includes giving people the ability to use their digital assets to pay for Products and Services. Being able to utilize the digital assets in the market today for Products and Services has the potential to transform the world.
In order to accelerate Blocktech, Inc.'s vision of providing ubiquitous access to Products and Services using digital assets, we would like to introduce the Digital Euro Token or “eEUR”. The purpose of this whitepaper is to discuss how Digital Euro Token will merge with Jobbids, Inc.'s Jobbids Platforms and Salehub, Inc.'s Salehub Platforms, where digital assets will be used as a means of payment for Products and/or Services.
1.1 CRYPTOCURRENCY MARKET
As of December 7, 2021, the global cryptocurrency market capitalization stands between $2.30 - $2.42 trillion in value ¹. While cryptocurrencies or digital assets have not been widely adopted for use in paying for Products and Services, Blocktech, Inc. believes that there is considerable potential for the increased ability to use digital assets to pay for Products and Services across the globe.
Blocktech, Inc. sees the appetite for and usefulness of the new technology embedded in the newly invented Digital Euro Token to pay for Products and Services as significant and timely.
1.2 THE PRODUCT - THE DIGITAL EURO TOKEN
Blocktech, Inc. introduces the Digital Euro token, built on the Ethereum blockchain. Digital Euro token serves only as a utility token within www.thejobbids.com, www.sale-hub.com, www.thedigitaleurocoin.com, and other platforms to be added in the future (hereinafter the "Digital Euro Network Ecosystem").
1.3 THE PRODUCT - JOBBIDS PLATFORMS
Jobbids, Inc. has acquired the online freelance portal thejobbids.com (hereinafter "Jobbids Platforms"), where Customers can hire and pay Service Providers using digital assets.
1.4 THE PRODUCT - SALEHUB PLATFORMS
Salehub, Inc. has acquired the online shopping portal sale-hub.com (hereinafter "Salehub Platforms"), where Customers can buy products from multiple different Sellers using digital assets.
1.5 MERGING THE DIGITAL EURO TOKEN WITH JOBBIDS PLATFORMS
Alliances are defined as “voluntary arrangements between firms involving exchange, sharing, or co-development of products, technologies, or Services². Although each firm in a joint venture remains as a distinct legal entity, the firms will often jointly integrate substantial aspects of their capabilities. The joint venture between Blocktech, Inc. and Salehub, Inc. will involve a substantial investment by both firms to integrate the technological capabilities of the two firms.
² (Gulati 1998) (https://deepblue.lib.umich.edu/bitstream/handle/2027.42/64702/atafti_1.pdf?sequence=1&isAllowed=y)
Blocktech, Inc. and Jobbids, Inc. will collaborate together to merge their technologies. Digital Euro Token will be one of the main digital assets used as a form of payment on the Jobbids Platforms.
1.6 MERGING THE DIGITAL EURO TOKEN WITH SALEHUB PLATFORMS
Blocktech, Inc. and Salehub, Inc. will collaborate together to merge their technologies. Digital Euro Token will be one of the main digital assets used as a form of payment on the Salehub Platforms.
2. JOBBIDS PLATFORMS
2.1 JOBBIDS NON-BLOCKCHAIN PLATFORM
Jobbids Non-Blockchain Platform is an online freelance marketplace where Buyers of goods or services can connect with Sellers and vice-versa. The online freelance marketplace will match Buyers and Sellers and facilitate the exchange of information, goods, services, and payments associated with the transactions. Digital assets will be used as a means of payment for goods and/or services.
2.1.1 JOBBIDS NON-BLOCKCHAIN PLATFORM FEATURES
Jobbids platform connects Service Seekers and Service Providers from across the globe. The platform provides a wide range of categories, from accounting to construction to customer service and web design. The platform enables Users to chat in real-time. Service Seekers can live chat with their Service Providers to ask questions, share feedback and get constant updates on the progress of their work.
Customers can pay safely and securely. Customers can pay in digital asset for goods and/or services. Digital Euro Token (eEUR) will be one of the primary tokens as an acceptable form of payment. Customers have the option to pay in full or pay in milestones. In milestones, Service Seeker can release payments when he or she is satisfied with the work.
2.1.1 (a) SERVICE SEEKERS
Through the Jobbids Platform, a prospective Service Seeker can fill out a service request form and wait for bids from Service Providers for an advertised job. For Service Seekers, simply post a job or project for what you need done and receive competitive bids from Service Providers. Compare proposals and select the best one. Award your job or project and your Service Provider starts work.
Service Seekers will be able search Service Providers based on job category. Service Seekers can also browse Service Provider profiles. Service Seekers will also be able to rate Service Providers. When a job or project is completed, Service Seeker is able to rate the Service Provider and likewise, the Service Provider can rate their interaction with the Service Seeker. This provides a trusted rating for each Service provider and Service Seeker. The rating that they receive directly influences the algorithm for calculating the value of a user, which is referred to as ‘price on market’. The higher the ‘price on market’ of a user is, the more likely they are to get more work.
2.1.1 (b) SERVICE PROVIDERS
To get started as a Service Provider, a User begins by creating a profile. User must ensure that his or her profile includes details about self, expertise, and work experience. Keep in mind that Service Seekers will decide whether you’re qualified by scanning through your profile whenever you bid for jobs or pitch a project.
Service Providers will be able to advertise themselves and post the services they provide. Through the Jobbids Platform, a prospective Service Provider can fill out a Service Provider form and wait to be contacted by Service Seekers and/or find jobs or submit bids for advertised jobs.
Service Providers will also be able to search through services sought by Service Seekers.
2.1.1 (c) USER CAN BE BOTH
Any user can be both a Service Seeker and a Service Provider.
2.1.2 (a) FIXED PRICE CONTRACT.
Fixed price contract entails estimation of the particular job and amount of work to be done, based on Service Seeker requirements. Depending on the amount of work, the Service Provider calculates hours required to complete all the tasks and gives Service Seeker price for the job. For the work, the price is final and unchangeable.
2.1.2 (b) TIME & MATERIAL CONTRACT.
Service Seeker pays for actual hours spent on the job and for the completed amount of work. Service Seeker and Service Provider negotiate rate for the job. Payments are interval either: hourly, daily, weekly, monthly, etc.
2.1.2 (c) MILESTONE CONTRACT.
Milestone contract includes regular payments for accomplished milestones. Service Seeker pays, at fixed points, when the required tasks completed. Payment is determined by time spent on job progress and amount of work. Service Seeker pays for actual work done.
2.2 JOBBIDS BLOCKCHAIN PLATFORM
Jobbids Blockchain Platform has the same features as the Non-Blockchain platform but will be blockchain technology based. Blockchain is a peer-to-peer decentralized distributed ledger technology that makes the records of any digital asset transparent and unchangeable and works without involving any third-party intermediary.
2.3 JOBBIDS DECENTRALIZED APP
Jobbids Decentralized App version with the same features as the Blockchain platform.
2.4 JOBBIDS ANDROID & IOS APP
Jobbids Android & iOS App app versions with the same features as the Non-Blockchain platform.
3. JOBBIDS PLATFORMS - SERVICES PLATFORM OF THE FUTURES
3.1 THE DIGITAL EURO NETWORK ECOSYSTEM DIFFERENCE
The collaboration between Blocktech, Inc. and Jobbids, Inc. will connect Customers with Service Providers from all over the world through the Jobbids Platforms. The platforms are designed to fundamentally change the way that Customers and Service Providers conduct transactions. The platforms are an experiment designed to combine the best features of digital assets and paying for Services.
3.2 HOW THE DIGITAL EURO NETWORK ECOSYSTEM FITS CUSTOMER NEEDS
Digital Euro Network Ecosystem wishes to meet the expectations of its customer base. In acquiring digital assets, Users expect to be able to use them in paying for Services. By merging the Digital Euro Token with Jobbids Platforms, Blocktech, Inc. and Jobbids, Inc. have developed what it believes to be an innovative way of acquiring and paying for Services, thus taking user experience at another level.
As part of Blocktech, Inc.'s collaboration with Jobbids, Inc. and planned expansion of its suite of Products and Services, Blocktech, Inc. sees its new Digital Euro Token product as a potentially attractive fit for digital asset owners/users.
4. SALEHUB PLATFORMS
4.1 SALEHUB NON-BLOCKCHAIN PLATFORM
Salehub Non-Blockchain Platform is an online marketplace where Customers can buy or sell items. Products can be purchased from multiple different Sellers. Digital assets will be used as a means of payment for products.
4.1.1 SALEHUB NON-BLOCKCHAIN PLATFORM FEATURES
Salehub platform connects Customers and Sellers from across the globe. The platform is an online marketplace where Customers can shop from a huge collection of products sold by various marketplace Sellers.
Digital assets will be used as a means of payment for goods and/or services. Digital Euro Token (eEUR) will be one of the primary tokens as an acceptable form of payment. Customers have the option to pay upfront or pay on layaway.
4.1.1 (a) Customers
Through the Salehub Platform, a Customer shops for products. Customers can use search and filter by attributes, keywords, dates, and categories on a map to find the right products they need.
Customers can buy products from multiple different Sellers in one marketplace and pay for all purchases in one transaction.
4.1.1 (b) Vendors
The platform makes it easy for individuals or small businesses to setup their own e-commerce store.
Sellers will be able to sign-up, create a storefront, view their dashboard, add different types of products, manage product listings, manage inventory, manage orders, manage shipment, create invoices, and much more.
To get started as a Seller, a User begins by creating a store. User must ensure that his or her store includes details about the store and products. Each Vendor will have a separate dashboard to administer their product listings, store page information, logos, images, shipping zones, pricing, and customized data.
Vendors can utilize a product listing to upload product catalogs, including full product information: a description, specifications, price, quantity available, minimum size order, and so on.
Vendors can connect with their Customers seamlessly in real-time via live chats to clarify their purchasing needs.
4.1.1 (c) USER CAN BE BOTH
Any user can be both a Customer and a Seller.
4.1.2 (a) Up Front Purchase.
Up Front purchase is when a Customer pays for the product purchased up front.
4.1.2 (b) On Layaway Purchase.
On Layaway purchase is when a Customer makes a down payment on the product, which the store then holds for the buyer while the Customer pays the remainder of the price of the product in installments, after which they take possession of it. A layaway plan ensures that the Customer will get their chosen merchandise when they have fully paid for it.
4.2 SALEHUB BLOCKCHAIN PLATFORM
Salehub Blockchain Platform has the same features as the Non-Blockchain platform but will be blockchain technology based. Blockchain is a peer-to-peer decentralized distributed ledger technology that makes the records of any digital asset transparent and unchangeable and works without involving any third-party intermediary.
4.3 SALEHUB DECENTRALIZED APP
Salehub Decentralized App version with the same features as the Blockchain platform.
4.4 SALEHUB ANDROID & IOS APP
Salehub Android & iOS App app versions with the same features as the Non-Blockchain platform.
5. SALEHUB PLATFORMS - PRODUCTS PLATFORM OF THE FUTURE
5.1 THE DIGITAL EURO NETWORK ECOSYSTEM DIFFERENCE
The collaboration between Blocktech, Inc. and Salehub, Inc. will connect Customers with Vendors from all over the world through the Salehub Platforms. The platforms are designed to fundamentally change the way that Customers and Vendors conduct transactions. The platforms are an experiment designed to combine the best features of digital assets and paying for Products.
5.2 HOW THE DIGITAL EURO NETWORK ECOSYSTEM FITS CUSTOMER NEEDS
Digital Euro Network Ecosystem wishes to meet the expectations of its customer base. In acquiring digital assets, Users expect to be able to use them in paying for Products. By merging the Digital Euro Token with Salehub Platforms, Blocktech, Inc. and Salehub, Inc. have developed what it believes to be an innovative way of acquiring and paying for Products, thus taking user experience at another level.
As part of Blocktech, Inc.'s collaboration with Salehub, Inc. and planned expansion of its suite of Products and Services, Blocktech, Inc. sees its new Digital Euro Token product as a potentially attractive fit for digital asset owners/users.
6. BENEFITS TO DIGITAL EURO TOKEN HOLDERS
6.1 PAYING FOR PRODUCTS
The Digital Euro Tokens will be utilized on the Salehub Platforms, where users can pay for products.
6.2 PAYING FOR SERVICES
The Digital Euro Tokens will be utilized on the Jobbids Platforms, where users can pay for services.
6.3 WORLDWIDE ACCESS TO SALEHUB PLATFORMS
Users from all over the world can use the Salehub Platforms. Users will be able to buy Products anywhere in the world.
6.4 WORLDWIDE ACCESS TO JOBBIDS PLATFORMS
Users from all over the world can use the Jobbids Platforms. Users will be able to hire services not just from within their local area but anywhere in the world.
Customers will be able to buy Products at the best price since it will have worldwide access to Vendors.
7. DIGITAL EURO TOKEN
7.1 ERC-20 TOKEN - SIMPLE & SECURE. The Digital Euro token is an Ethereum token following the ERC20 protocol. Created in May 2021, our token contract is available to view here https://etherscan.io/address/0x63c236c58a9b0e040809b340bcf885ea77dd0169#code and is describe in our token sale terms here: Digital Euro Token Purchase Agreement.
7.2 TOKEN SALE
The Digital Euro tokens will be issued on the Ethereum network. Ethereum is an open-source project which allows creation of smart contracts and provides users with a secure and fast transaction system.
7.2.1 SALE PERIOD.
Sale period will start at 08:00 AM on August 28, 2022 (PST+1). Within this period, Customers will have the opportunity to purchase Digital Euro Token at the sale price of Amount €0.10 EUR. The Digital Euro Tokens can be purchased at our website https://thedigitaleurocoin.com/ and in the future at Authorized Third Party Exchanges and on the open market.
7.2.2 SALE OF TOKENS.
1+ Billion Digital Euro Tokens will be distributed and sold at our website https://thedigitaleurocoin.com/. The sale of more Digital Euro tokens at Authorized Third Party Exchanges will soon follow. The names of Authorized Third Party Exchanges will be listed on our website. Please check back for any updates.
7.2.3 WALLET ADDRESS.
When purchasing Digital Euro Tokens, Buyer shall provide either a Metamask or MyEtherWallet address where you would like the Digital Euro Tokens deposited. Buyer shall not use a Third Party Exchange wallet address.
7.2.4 TRADING OF TOKENS.
The trading of tokens is not available now. In the future, Blocktech, Inc. will promote and add Digital Euro Tokens to as many Third Party Cryptocurrency Exchanges as possible.
7.2.5 RISK MANAGEMENT.
Any funds waiting to be deployed to the market will be held in a secure multi signature vaults.
7.3 OPERATIONAL RESERVES.
Blocktech, Inc. will take 25% of all Digital Euro Tokens created at this address: 0x01aB0bD5C8129582d09c7EEef3188495857BC109 and hold it in a multi signature vault (the “Digital Euro Token Vault”).
8. NEWS & UPDATES
To keep in touch with its customer base, Blocktech, Inc. plans to publish regular communications on the Digital Euro Network website https://thedigitaleurocoin.com describing ongoing company activities, new digital assets that may be used on the Digital Euro Network Ecosystem, and an overview of future initiatives.
Tortola, British Virgin Islands VG1110