Just a little bit more fair, a little more social, a little more sustainable, if you please – the world most of us would love picturing us living in. A great idea – utopia for most of us.
What would it take to make these ideas come true? How could every single one of us get involved to participate and help to achieve these goals? A big question. Which Mondo Blockchain GmbH has faced.
Mondo Blockchain GmbH is the publisher of the Mondo Community Coin. The Mondo Community Coin is the very first decentralised e-commerce token, made in Germany. The main goal of the Mondo Community Coin (MNDCC) is to build a decentralised e-commerce platform which is fair, social, transparent and sustainable for everyone involved.
Mondo Coin: Fair and Sustainable E-Commerce
In order to create something disruptive, one must first of all question the currently dominant models entirely and create a completely new, until then unknown level.
With the Mondo Community Coin, a German company is now getting ready and involved to completely revolutionise retail and online trading. The great mission of the Mondo Coin is to provide online visibility, reach and sales opportunities to companies of all sizes instead of only providing those opportunities to a few big and global players. The idea is to create a marketplace for all types of goods and services with thousands of members who have a common goal: to create a fair, transparent and sustainable environment.
Transparent and fair thanks to decentralised blockchain technology
To realise and achieve these goals, the MNDCC uses the digital innovation potential of blockchain technology: The technological foundation from which crypto currencies emerge as well. The blockchain is a decentralised computer network which is connected to each other. It stores information separately and works similar to an open cash book, in which it is noted which network participant owns how many tokens (units) of a currency and how these ratios change as a result of transactions.
The whole thing is now being applied to one of the largest expanding markets in the world. Within the past two decades, “e-commerce” has established itself as one of the leading economic sectors globally. Nowadays pretty much everyone is aware of platforms like Amazon and eBay. They did not only massively change the way we shop, but also the way we live. “Home shopping”, and thus the possibility of ordering things online and having them delivered directly to their homes, as well as an almost infinite selection of products, are the huge advantages with which these platforms attract their users.
The main problems of conventional e-commerce
Due to the rapid growth of this industry, problems associated with the “centralised e-commerce” model are becoming more and more aware:
Cost issue
Fees charged by common platforms varying tremendously about up to 50% of the total sales price. This eventually affects the final price – the result: lower profits for traders. Means: everyone loses except the platforms themselves.
Middleman problem
Common e-commerce platforms are operated by centralised companies. These centralised business models are vulnerable to influence, advantage and disadvantage, as well as biased listings of products and rankings by retailers.
Communication problem
Centralised platforms hamstring any contact between consumer and seller, the possible extent of relationship management is reduced. They also employ their own customer service teams who are not really familiar with the products.
Lack of transparency
The lack of transparency and arbitrariness is a major problem with the most important e-commerce platforms. If a retailer doesn’t comply with the general requirements, he often just disappears from the surface. In quite a few cases, dealer accounts were not only blocked suddenly but also without any explanation.
Valuation problem
Usually there are no incentives for ratings. Customers are not rewarded for leaving a review, answering questions, or showing the product to friends – means, when they support brands. Furthermore, reviews can be easily manipulated.
Disput resoluten problem
Resolving a dispute with a dealer is often hectic, time consuming, and biased. Consumers often have to wait a long time for a response from customer support. Also known is that in many cases the customer’s request for a product exchange or return are being rejected.
Ownership problem
E-commerce product pages are often filled with high quality photos, product videos, reviews, and other information. However, all ownership is transferred to the platform itself as soon as the possibly time-consuming produced content has been uploaded.
Unequal competition
Saved sales information or behaviour patterns are used when selling similar products. This allows a platform to advertise its own products and prioritise them over the products of their competition.
Which advantages does Mondo Coin come with?
The Mondo ecosystem is a business model which is customer-focused and, thanks to blockchain technology, will solve many essential problems of e-commerce:
- By using blockchain technology, middlemen are no longer required. Business can be done “peer-to-peer”, meaning: directly between retailers and customers. This leads to decreasing costs and increasing profits.
- By lowering the fees (1% to 10%, depending on the type of transaction) for the dealers, the costs for all those who buy the product are necessarily reduced as well.
- Because the infrastructure is decentralised and provided through tokenization, there is no power monopoly within the system, not even the founding or management team are in a position of advantage. Control is shared with the whole community.
- Access to buying and selling is democratised. Without the influence of intermediaries, buyers, sellers and producers move much closer together.
- The Mondo marketplace is organised by artificial intelligence. This greatly lowers human influence, but increases transparency.
- Automated seller and product rankings enable a transparent and performance-based seller ranking and a neutral product listing.
- In order to offer a maximum of transparency, all transactions are understandable, publicly accessible and viewable for everyone. All activities in the Mondo ecosystem are revision safety, transparent and saved anonymously on the blockchain.
- The ecosystem encourages correspondence between consumers and sellers. Even a chat option will be provided. Through this buyers and traders are able to communicate to avoid any conflict or dispute.
- In case of any violation of the terms of use, a customer service representative will be assigned. If a decision does still not seem right, a committee can be consulted, which consists of the community, wholesalers and the Mondo team.
- Modern “entertainment shopping” with many features and cashback options.
How does Mondo Coin work for retailers?
The e-commerce platform works like a huge, modern online shopping center, where sellers from all over the world can host online shops. They can sell their products seamlessly, securely, cheaply, and without a middleman in highly competitive markets.
It’s Mondo’s mission to allow every single retailer in the world access to the marketplace and potential customers, no matter where they are, what they are selling and how small or large their volume is. It’s the goal of the Mondo e-commerce marketplace to democratise access to online products for all sectors of society without the influence of middlemen. Creating a platform where consumers can transparently get quality products at good prices, while retailers get a fair share out of this, without the need of accepting compromises on quality, is aimed.
Anyone who has goods or services to offer is able to rent a shop in the Mondo ecosystem for only very little money and offer their product to an international network.
Staking rewards
By using so-called staking, the owners don’t spend their coins, but keep them in a digital wallet for a certain period of time and receive rewards for this.
By staking MNDCCs in product-related pools, you can support products, projects and people which convince you. In return, you benefit from every real sale of these products and receive rewards in the form of more Mondo Coins.
The more members of the ecosystem support a product by staking, the larger the so-called staking pool becomes. For producers, manufacturers and sellers, this staking pool works a bit like a supercharger in a car. It increases the speed with which a product is published. It scales the lead funnel and by this significantly increases the visibility and presence of a product. More sales are the appropriate result.
To sum up: There is a great incentive to convince the community with great quality and good service. The community, on the other hand, gets the opportunity to sustainably promote products.
Conclusion: the community aspect is (partly) decisive
The Mondo ecosystem is driven by the digital potential of innovation of the blockchain, the fair trade of the providers and a sustainable acting global community. Combined with the largest growth markets worldwide: e-commerce and crypto. With over 10,000 members in more than 40 countries worldwide today, Mondo promises to engage for a better world tomorrow. The ongoing development of the Mondo ecosystem is about to create real values in which every member participates with the Mondo Coin.
“The mondo community coin is your share in the e-commerce of tomorrow”, – the bottom line of the Mondo logo. Every single action in the Mondo ecosystem creates new and real added value. Exactly these added values can make each individual and society more fair, more social and more sustainable.
Support the fair transformation of e-commerce now!
Buy the Mondo Community Coin and secure your share of tomorrow’s e-commerce!
