Letsfair

PROBLEM

Service providing companies have always been the business intermediators between who needs the service (client) and who knows how to execute it (collaborator). Therefore, the costs of corporatism are added to the final price of services, in order to ensure trust between the parties for the deal to happen.

SOLUTION

A set of digital tools made up by a payment mechanism with cryptocurrencies; smart co-production contracts and reputation management, enabling professionals from many fields to work collaboratively, lowering the cost of corporatism in order to enable new businesses.

Vision

• To decentralize the business relations by enabling shared economy services, minimizing intermediation costs, and fostering new businesses
• To offer resources to facilitate the development of collaborative apps
• To add the apps developed by the clients to enable an open and decentralized marketplace

Monetization

The revenue will be obtained through a 0.2% maintenance fee applied on payments or transactions made on the apps. Advertising on Letsfair will be free for sellers. The fee will only be charged if there is a sale.

After each billing month, 50% of the profit obtained by Letsfair will be used to pay for the dividends of investors. The other half will be invested in the product, to evolve and expand the business.

Letsfair’s main product is an SDK (Software Development Kit), which offers the following features to those implementing apps:

• Decentralized identities

Integrated login and attribute management

• Reputation system

Multidimensional and interoperable among businesses

• Consensus (Co-production)

Income and labor sharing agreements

• Payments

Wallets and payments with a stable value token

• Digital ownership

Issue of financial assets and certificates