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Bob’s Repair Part 3 – Business Model

Standard ICO Report Structure:

  • Part 1: ICO Analysis (What is it about? What is the ICO intending to do? Describes what the platform is.)
  • Part 2: CROWDSALE ANALYSIS – DETAILS & TOKEN SUPPLY
  • Part 3: Useful Links (Further Research)

Part 1: ICO Analysis

Bob’s Repair’s ICO is coming to a conclusion at the end of April. Thus far, the 1st and 2nd article have dealt with the skill trade market and its inherent problems, Bob’s Repair’s decision to use the Steem Network, and how Bob’s Repair will have lower costs for both customers and contractors.

But what exactly will allow Bob’s Repair to generate revenue in the long run as a business?

The Bottom Line

Bob’s Repair’s service is essentially like an escrow, since it is the platform where two parties come to negotiate. The benefits of escrow services on the blockchain are many fold compared to the status quo.

Everything stored on the escrow service will be traceable on the blockchain and therefore tamper proof. This in includes the details of the agreement both parties arrived at – as well as the funds that one party has agreed to pay the other with. For this premium fee, Bob’s Repair will charge a 1.5% fee on top of all funds that are held in escrow.

The company won’t just stop at being a platform with merely escrow functionality. They will then leverage their pull on customers and contractors alike to offer other premium services like decentralized loans and insurance.

There is also an interesting property that the Steem blockchain offers. It pays those that build dapps on its blockchain, and this will also be an additional source of revenue.

Adoption Strategy

Bob’s Repair plans to get adopted will be 2 prong. Firstly, it will try to gain traction among the centralized SWTP (the team’s current platform) which has a user base of 50,000 contractors.

Outlining the clear benefits of how decentralization will lead to reduced costs will be the primary carrot that will undoubtedly draw interested. However, the reliability and immutability of smart contracts will definitely attractor customers and contractors who want a no-nonsense approach to finalizing transactions.

The 2nd level will be directing marketing efforts to the top 100 metropolitan markets in the USA. Bob’s Repair has already compiled a target list for its marketing efforts.

BOB token utility

Token holders will in a way be subject to profit sharing. There will be quarterly buybacks using about 50% of the company’s profits to purchase BOB token.

Therefore, BOB tokens are effectively securities and the team will ensure they comply with the SEC.

Part 2: Crowdsale Analysis – Details & Token Supply

Total​ ​token​ ​supply: 360, 000, 000

Token​ ​Type: BOB

Token Price: 1 ETH = 6000 BOB

Token​ ​Distribution:

  • 50% Token Sale
  • 20% Team
  • 10% Legal
  • 20% Reserve

Crowdfunding​ ​Usage: N/A

Team​ ​Overview​ ​-​ ​Members​ ​&​ ​Advisors 

Frideric Prandecki

  • Co-Founder, CEO
  • Management Student – Harvard University

Alexandre Prandecki

  • Co-Founder, COO, Management Student – Harvard University
  • Architected the development of the Skilled Trade Worker Platform

Brandon Kite

  • CTO, Univ. of Washington
  • Former Lead Developer at DragonChain and Senior Software Engineer at Walt Disney Company

Todd Conley

  • Co-Founder, CIO,
  • Microsoft, Vanguard, MBA – Technology Management – Univ. of Washington.

Evgeniy Tatarchuk

  • Senior Developer, API and CRM Development
  • Developing and testing the Skilled Trade Worker Platform (STWP) since 2014

Pavel Rubin

  • Blockchain & Software Developer
  • Mathematics and Electronics Graduate from Moscow State University. Data Scientist and Developer for Blockchain Ethereum contracts and live sports.

Alain Schoovers

  • Senior Front-End Developer
  • UX / UI Design & Interactive Web Development. CEO & Lead developer at Aseity Solutions.

Dr. Christina Czeschik

  • Market Growth Analyst and Strategy Consultant
  • MD with Board Certification in Medical Informatics. Information Security and Blockchain Analyst and Writer. Member of German Blockchain Bundesverband.

Roland Ericsson

  • Corporate Lawyer
  • Practicing corporate law in Nevada for over 40 years

Anna Tiurina

  • Social Media & Communication Manager
  • University of Western New Mexico

Advisors

Andrew Filipowski

  • Executive Chairman and CEO of SilkRoad Equity

Steven Sprague

  • CEO, Rivetz.com

Anders Larsson

  • Crypto Investor. Blockchain Advisor. Founder allcoinWiki. Telecom CTO.

Mark Friedler

  • Advisor, coach. Blockchain, crypto, SaaS, media/games, former startup CEO

Tomasz Jackowski

  • Ex-Director of Société Générale Bank

Vitaly Pecharsky

  • Head of IT Operations, Slickdeals.net

Greg Buchan

  • Systems Engineer, IT Security Solutions

Virtual Growth

  • Crypto Philosophical Entrepreneur

Monty Lapica

  • Founder, Coloma Ventures & Thought Division

Early Boykins III

  • Crypto & ICO Advisor

Marek Lucek

  • Senior Forex Analyst

Part 3: Useful Links (Further Research)

Website: https://www.bobsrepair.com/

Whitepaper Summary: https://www.bobsrepair.com/docs/Whitepaper-summary.pdf

Whitepaper https://www.bobsrepair.com/docs/White-Paper.pdf

Twitter: https://twitter.com/bobsrepair

Medium: https://medium.com/@bobsrepair

Instagram: https://instagram.com/Bobsrepair

Facebook: https://www.facebook.com/BobsRepairCom/

Telegram: https://t.me/joinchat/Fh-GcxFg6rX3GP6G0Egumw

Bitcointalk: https://bitcointalk.org/index.php?topic=2589545

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