Blockonomics appears to be a system for payment processing designed for merchants (wholesale traders) that accept bitcoin as the preferred currency of the payment. However, Blockonomics does not limit its services only within the frames of being a payment processor. It enables for wallet monitoring, as well as email notifications special for those who hold public bitcoin wallets. the main goal of the company is to make the lives of merchants easier by freeing them from the complicated and time-consuming payment methods. It’s a one-stop place to manage all of your cryptocurrency finances. The platform also allows monitoring of your addresses’ balances. In addition, you will also get notifications on your credits or debits, tag your addresses, have an overview of your wallet transactions, and much more. It also gives you an option to connect to their payments API, create encrypted and secure P2P invoices or create a shopping cart of your own. Unlike Bitpay or Coinbase, Blockonomics functions on a model of direct – to-wallet by providing its users’ services that will enhance the wallets they already have.
What is Blockonomics?
Blockonomics is an industry-leading payment processing system for merchants accepting Bitcoin.
Blockonomics is decentralize Bitcoin payment solution that provides specialized transnational tool that enhance BTC use. Their services enhance the wallets you already own. The payment lets you accept Bitcoin payment on your WHMCH installation with ease.There are no security risk; payments go directly into your own bitcoin wallet. The complete checkout process happens within your website; customer never leave your site. All major HD wallets are supported, as well as all major fiat currencies. No approvals API key are required, installation is fast and simple.
How to use Blockonomics?
Once you have linked your Blockonomics account to your wallet, you can start trading or use their services. Setting up a Blockonomics account will take just five minutes. If you are a buyer, you will not be paying any fees, while merchants need to pay a monthly fee of $10. You also have a choice to pay a $102 annual fee.
The platform puts the payment directly into your account since it is decentralized. While many exchanges will need you to provide them with your bank details, Blockonomics will only ask you to provide them with your wallet, making all transactions simpler, easier and faster.
Problem
The growth of E-commerce power the growth of online payments, and vice versa. Technology on the other hand, has reshaped commerce and has driven payments options. Beside technology, the entry of non-traditional players in the market, higher demand of customer expectation, and “enabling regulation” appear to be the four seismic shifts in the global landscape.
Technology gave inevitable birth to cryptocurrencies, which aspire to become a means of transacting through it’s digital form. Many reputable E-commerce store have already included cryptocurrency payment options, and the number of growing each week. The major pros of including cryptocurrencies could refer to reduce fraud as cryptocurrency payment are irreversible. Consumer and merchants alike have in favor of Bitcoin due to it’s anonymous nature.
Solution
Bitcoin is an invention with a fascinating history and promising future. Bitcoin’s decentralize public ledger, namely Blockchain. establish instant trust between parities with no prior knowledge of each other.The virtual currency that works on peer-to-peer network offer a lot of benefits compare to using credit cards.
- Freedom in payments
- Low transaction fees
- Security
- Speed
- Global access
Blockonomics started wallet watcher and blockexplorer and it;s service enhance the functionally of the wallets you already own.and it’s goal is continue allowing you to accept Bitcoin directly, whether you’re invoicing, receiving donation, or running an e-commerce store.
The platforms main benefits include the following;
- Setting up the platform is easy and quick. You don’t need to wait for API approvals.
- No set-up cost nor recurring fees.
- Add BTC to your store as a payment method.
- BTC transfers do not need any middleman, so payments will directly go to your wallet.
- Any currency selected in your shop can be used.
- The amount of Bitcoin will always be calculated with the current exchange rate.
- Blockonomics platform is secure, and you are the only one who will have access to your private keys.
- It is borderless and permission-less as no KYC or documentation is required, simply use your email to access the payment solution.
- Once your customer placed a wholesale order, it is automatically handled.
Blockonomics Review
Blockonomics is one of the easiest and fastest ways to begin accepting BTC as a mode of payment on your online shop. Since its inception, it has already helped numerous e-commerce sites increase their sales by including not just Bitcoin but Ethereum, Litecoin and plenty of major altcoins as their customer’s payment option.
A merchant has an option to create a payment button on their online shop next to the products they are selling or use a checkout invoice. Just like with accepting payment via PayPal or credit card, they can also setup Blockonomics plugin for Prestashop, WordPress, and any other merchant websites to produce invoices for their customers using the shopping cart on their website.
Users are also allowed to store their cryptocurrencies. BTC payment goes directly to the wallet of your store, and your store has the power to control BTC coin the way you want. Blockonomics support all major wallets such as MyCelium and Trezor just to name a few. Transfers are not required, and an online shop can forget about any hidden fees that are usually excessive.
Plus, the BTC payment solution comes with its own invoicing system for businesses with custom invoices for peer-to-peer, as well as email notifications, historical view of your transactions, and most importantly payments are uninterrupted with no gap limits.
Blockonomics Fees
Each transaction using the Blockonomics payment solution will incur a flat 1% transaction fee. This is cheaper compared to the fees of other competitors like the processors of credit cards and various payment systems such as PayPal, which charges more than 2.9%. The platform is pretty much 66% cheaper compared to other alternatives. However, due to the rapid development of technologies some platforms are working on the complete elimination of the fees, which may be a treat for Blockonomics.
- Blockonomics does not have any hidden fees.
- It is a secure platform that offers free service for your first ten transactions.
The address watcher users do not have any payment callbacks but they have subscription fees. As a matter of fact, it does not charge fees up to $ 75 each month based on the limits of the address and the features of API.
In case of the merchants, there are payment callbacks. As it was mentioned above, the payment fee is 1%, however, the first 10 payments are for free. Please note that the platform automatically increases the limits of the address.
Blockonomics Verification
Blockonomics does not need any verification or documentation. All that is required is your email id. There are also no limits to the number of payments transacted. You can receive even up to 100,000 BTC per month. The received payments go directly to your own Bitcoin wallet like Blockchain.info, Trezor, Ledger, etc.
Special Features
Bitcoin invoice
One of the most outstanding services that Blockonomics offers is the peer to peer aka P2P bitcoin invoicing. With the rising fame of Bitcoins, the demand for this service is increasing as well. For instance, it is a very good option for the people who want to get paid with Bitcoins for their work. The invoicing solution offered by Blockonomics is for free.The senders have a chance to create unique invoices that are encrypted. As for the recipients, they simply need to evaluate their performance in Bitcoins. It is worth to mention that the system of the peer to peer encrypted invoice is eliminating the third parties, therefore, no third parties are able to have access to the invoice content.
BTC mail
Blockonomics lets people send bitcoins through email. The unique part about this feature is the fact that the recipient does not necessarily need to have an address of a Bitcoin wallet. The process is very simple and can be used very often. For instance, it can be a good alternative for gift cards that people give one another on birthdays, holidays and so on.
Other special features of Blockonomics include things like:
- The payment solution accepts Bitcoin, and other major altcoins on your sites such as ETH, LTC, BCH and XRP via a built-in shapeshift integration.
- No approvals of documentation or API key needed.
- Support for HD wallets such as MyCelium, Blockchain.info, and Trezor.
- The platform supports major fiat currencies.
- The full checkout process is done on your site.
Is Blockonomics Safe?
In order to understand if Blockonomics is a safe platform or not there are some very essential parameters that we need to take into account. Those include:
Community trust
Seems like Blockonomics has not disappointed its customers so far. There are a lot of discussions going on about Blockonomics that are on various forums and groups where Bitcoin enthusiasts are involved in. Here people tend to share positive reviews and there are no major complaints regarding Blockonomics. Thanks to its easy to use interface and verification free services it manages to attract customers from its competitors. The website of Blockonomics has a trust score of 96% which include factors such as location, ownership details, popularity and reviews from users. Blockonomics is working hard to keep its users happy.
Security
Blockonomics uses encryption as well as HTTPS for the sake of security. Wallet Watcher is a feature of the payment solution that monitors your crypto to ensure that they are secure and safe. Moreover, you will get updates through your email thereby always knowing the status of each of your wallets.
Customer Support
Their customer support is noteworthy as well. If you have questions that you cannot find answers to at their website’s FAQ, you can simply ask their online support which is available 24 hours a day. They are also very prompt in answering any queries. For more complex issues you can submit a ticket via the site and their team will get back to you within a few hours.
Handling speed
As Blockonomics is not requiring verification processes and getting started on this website is rather quick and easy. As for the transactions, it is much faster than in case of its competitors such as credit cards, PayPal and so on.
Roadmap
ICO & Token Economics
| Token Name | BCK |
| Token Form | ERC20 |
| Hard Cap | $1,90,000Presale: $1,50,000 Crowdsale: $40,000 |
| Total Token Supply | 550,000,000 |
| Target/Cap | $9.2mPresale: $7.2m Mainsale: $2m |
| Pre-Sale | 20% BonusSale Date: 1 July 2018 to 31 July 2018 |
| Crowd-Sale | No BonusSale Date: 1 Aug 2018 to 15 Aug 2018 |
| Pre-Sale Price | $0.01666667 |
| Crowd-Sale Price | $0.02 |
| Restricted Country | India, China, United states |
- Key Details about BCK tokens:
Customers can use BCK tokens to over 2000+ worldwide Blockonomics powered sores, without paying any payment fee for BCK transaction on the platform.
Token Distribution
Fund Utilization
Team
Advisors
Wrapping up,
This is a unique idea that representing and the team have shown rapid progress through product development. Blockonomics product is strongly worked and his team work is very fast to E-commerce growth of business.This idea is rather engaging in my view. There is much hype due to strong partners and investors aligned with it.
For more Information,Please see the Link Bellow :
Website: https://ico.blockonomics.co/
Ann Thread: https://bitcointalk.org/index.php?topic=4421484
Twitter: https://twitter.com/blockonomics_co
Telegram: https://t.me/BlockonomicsICO
My Bitcointalk Name: nazrulislam
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