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Nuggets Part 3 – Platform for Privacy

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

Nuggets solves the headache of two parties: consumers and the companies holding consumer data. Privacy has become the luxury of the age. Consumers can now protect the privacy of their identities, while companies will not need to worry about having vulnerable consumer data being exposed if their servers are compromised.

Platform privacy

Zero-Knowledge encrypting concepts go hand in hand with the blockchain revolution. Blockchain, after, is a cryptographic conception. Critics point to the anarchist nature of this brand of cryptography.

True anarchy, however, lies within the wanton breaches of privacy that big corporations partake in. Zero-Knowledge will not allow any data, including metadata, to be picked up by a clandestine organization.

With this concept built around Nuggets it would ensure the transparency of all transaction but not reveal the who, why, and what of transactions.

Retail push

Nuggets will be looking for adoption among retailers. The key advantage here is that customers will be buying things with Nugget tokens, these tokens are directly credited in to retailer pockets. There will be no layers of transaction fees except for a small sum shared with Nuggets.

Compensation breakdown

As a business, Nuggets does have to turn a profit. How it will do so is through implementing a small fee for every transaction that will go to Nuggets in token terms. A portion of this transaction fee will also be directed to a charity of choice.

There will also be a predetermined revenue sharing mechanism whereby merchants give a certain percentage of their savings (due to implementing the platform) to Nuggets.

Platform workflow

Nuggets is platform agnostic, meaning they would be seeking to implement their API onto as many major merchant platforms as possible. How this will work is that consumers will have an option to choose Nuggets as a payment option.

After this choice is selected, they will be logged into the Nuggets platform. A prompt will be initiated on their apps and request for biometric verification.

Once this is done, the delivery and payment will ensue. The courier would know where to deliver the package based on a GPS coordinate although customers can choose to provide an address.

Just like any other parcel, once the package is received, a customer acknowledgement is required, but this time it will be through a prompt on the Nuggets app.

Part 2: Crowdsale Analysis – Details & Token Supply

Total​ ​token​ ​supply: 10,000,000,000

Token​ ​Type:  NUG

Token Price: 1 NUG = $0.0069-0.0086

Token​ ​Distribution:

  • 35% Tokensale
  • 5% Legal and Misc
  • 15% Team
  • 15% Company
  • 30% Ecosystem

Crowdfunding​ ​Usage:

  • 11% Product development
  • % Operational set up
  • 9% Key staff
  • 5% Legal, tax, and regulatory
  • 30% Sales, marketing and charity
  • 43% Platform

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

  • Alastair Johnson, Founder and CEO
  • Seema Khinda Johnson, Co-founder and COO
  • Adi Ben-Ari, Acting CTO
  • Joshua J. Bouw, Senior Strategic Advisor
  • Sally Eaves, Senior Strategic Advisor
  • Sebastian Quinn-Watson, Strategic Advisor
  • Steve Castle FCA, Financial Services
  • Diarmuid Considine, Payments and Fraud
  • Mark Nichols, Customer Experience
  • Robert Seok, CFO
  • Andrew Amadeo, CMO

Part 3: Useful Links (Further Research)

Website: https://nuggets.life

Whitepaper: https://nuggets.life/images/Nuggets-White-Paper.pdf

Telegram: https://t.me/nuggetsblockchain

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

Medium: https://medium.nuggets.life/

Twitter: https://twitter.com/nuggetsPAYandID

Reddit: https://www.reddit.com/r/nuggetsPayandID/

Email: [email protected]

 

 

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