The NooCoin project encompasses far more than just another digital currency, as it will also serve as the payment gateway for Nootropics. As most of our readers will be unfamiliar with the term Nootropics, we will explain that first, and then see how NooCoin is involved in all of this.
It’s not often cryptocurrency gets associated with a new phenomena, especially not when it is something pharmaceutical. Nootropics can be labelled as a new “smart drug”. Don’t go off your rockers just yet, as this has nothing to do with drug smuggling or anything like that.
Nootropics offer powerful cognitive effects, with few to zero side effects. Over the past few years, a lot of research has been done on the topic of Nootropics, and different kinds have been developed and made available on the market.
Some of the types of Nootropics will positively influence creativity, motivation or even anti-aging. With the wide range of Nootropics available today, each and every one of us can reach their full potential and more.
Nootropics offer many benefits, and the NooCoin team’s mission is expanding their business and spreading the word about this new pharmaceutical solution. The long term goal is for NooHack to become the worlds go-to nootropic store, accepting customers from Europe, and eventually, anywhere in the world.
Extensive research is being done in regards to optimum “stacks” of nootropics, and proprietary blends of the finest ingredients will be launched in the near future. he NooCoin team wants to give their customers the cutting edge when it comes to cognitive enhancement technology.
NooHack’s mission is to give customers options. As a result of that philosophy, a payment system which allows for the next generation of payments to be accepted in the form of NooCoin or Bitcoin has been created. Customers will be rewarded in NOO for every GBP spent at the store.
As a customer, you will have several advantages, such as receiving generous discounts when using either Bitcoin or NooCoin to make your purchases. These discounts are the fees saved in processing fiat payments, which are in turn used to directly reward customers.
NooHack has a pretty simple and straightforward payment system : customers who prefer to pay in fiat currency will pay the recommend retail price of Nootropic products. Bitcoin customers on the other hand pay the retail price in BTC, but with a 10% discount. NooCoin customers will receive a 25% discount on the retail price.
NooCoin was conceived as a way to empower the NooHack business strategy with the power of blockchain technology. One of the most interesting aspects about the blockchain is the ability to decentralize payment processing, As a result of this ability, both the merchant and the customer save a lot of money , which leads to big discounts while shopping.
But that is just the beginning, as blockchain technology also allows for layers of anonymity when purchasing goods with NooCoin. While Nootropics are a physical product which will be shipped to your address, no one has to know what wallet address you were using when making the payment, or how much you actually paid for that matter.
Furthermore, because digital currencies are decentralized, the market controls the price they want to pay for products. While there will always be a minimum price to be met, the value of your payment method, whether Bitcoin or NooCoin, is determined by the market. The less coins you have to spend to buy your product, the better for everyone, which is an incentive in its own right.
Noohack will not be putting any merchant selling pressure on the market. In saying that, this means that all cryptocurrency payments will be held by the NooHack owners, instead of selling them on exchanges in return for Bitcoin and/or fiat currencies. This will keep the prices stable , which will in turn benefit the market.
While it may seem like a risky move to hold onto all of the coins being spent on your platform from a merchant point of view, it is a good approach in my book. As long as you can keep your business afloat without selling off (too much) cryptocurrency, there is no real reason to sell them at all. Whether or not this will play out in such a positive manner, remains to be seen.
By adopting this business strategy, NooHack and NooCoin are catering towards potential investors who want to see the value of their investments grow, Most digital currency investments require you to make a profit in the short run, before people start dumping their coins. This will not be the case with NooCoin by the looks of things, which will be a very interesting project to keep an eye on.
A project of such magnitude requires proper funding in order to become a reality. The Nootropic market is a niche market, but the awareness is growing thanks to popular movies such as “Lucy” and “Limitless”. In fact, one could say Nootropics are taking a foothold as we speak.
Our society has evolved into a very demanding and time-efficient way of life. Productivity levels are subject to a high standard, and we are still trying to raise the bar higher and higher. Nootropics provide this boost in cognitive ability which most of us would never be able to achieve on our own.
By buying Nootropics, you are investing into the betterment of not just your own productivity levels, but also helping other people achieve their full potential. All of this will lead to a more efficient use of the available time, and as we all know, time is money, money, money.
In order to raise the required funds for this project, NooCoin will hold an Initial Coin Offering (ICO), during which the total coin supply of 25 million NOO will be up for sale. A fixed price has been set at 0.00001000 BTC per NooCoin, and the team is hoping to raise 250 Bitcoin (assuming all of the coins will be sold).
The next step on the NooCoin roadmap successfully finishing the Initial Coin Offering on December 22nd. After that period, customers will be able to pre-order Nootropics by paying in NooCoin and/or Bitcoin within 24 hours after the ICO closed. (See more information on pre-orders below).
A giveaway will be held for the first 100 NooHack customers, who will all receive 250 NooCoin each. These coins will be redeemable in the NooHack store, and can be used towards future Nootropics purchases. You can consider this a Loyalty Bonus, which will be credited to your account instantly.
All of the pre-orders will be fulfilled by January 15th, and I assume this means they will all be shipped by that date as well. We have not received any details yet in regards to shipping costs, and how the product will be packaged , but we will keep an eye out for further information in that regard.
The first marketing events will take place on January 24th, in London. I am curious to find out what these marketing efforts will entail exactly, but we will get in touch with the NooCoin team to find out more details very soon.
During the months of January and February, we will see a new feature being added to the NooHack platform. An integrated NooCoin/Bitcoin exchange will be added , giving customers the option to choose between a 10% discount or a 25% discount.
In order to use the full potential of that integrated exchange, we also need an in-store wallet supporting both digital currencies. That wallet will be coming to NooHack as well, which will be very close to the release of the integrated exchange.
As more and more people are buying goods via their smartphone, it is a good idea to have a mobile-ready store. NooHack will get its very own mobile store between January and February 2015, and I assume it will also have the integrated exchange and in-store wallet.
The shipment of NooTropics to European countries is the final point of action on the current NooCoin development roadmap. The official date for this option is set on August 15th, which has to due with some paperwork that needs to be filed I assume. I will get in touch with the team to inquire about the reason behind this schedule soon.
When you place your pre-order, you are buying products from batch one. Why is this done, you might ask? The NooCoin team feels the first batch will sell out relatively quickly due to competitive pricing and unique acceptance of NOO/Bitcoin as payment methods.
Pre-orders will ensure customers get served on a first come, first served basis. But there is another reason for opening up shop this way, as the amount of pre-orders will help gauge the market and analyse which products are more popular compares to others. After all, part of running a shop selling physical goods is forecasting which products to stock at what time.
Customers can deposit a minimum of 10% of the order amount in order to initiate the pre-order process. If your pre-order is fully paid by January 5th, and you have a batch one order, your order will be fulfilled on the 8th and shipped to your door.
Pre-orders can be refunded if a customer no longer has interest in fulfilling their order. A “cancel order” option will be available on the NooHack platform, and the original funds will be refunded to the wallet address provided. Any pre-orders which are not paid in full by January 5th will be cancelled automatically, and refunded to the supplied wallet address.
While we have mentioned how both Bitcoin and NooCoin can be used to pay for your orders, there is a third payment method available in the form of Paypal. Prices will be automatically adjusted to take discounts into account when paying in either BTC or NOO, and they will also adjust to fluctuations in the BTC/GBP & NOO/GBP values.
Last but not least, orders can only be paid in one currency at a time. For example, you cannot pay a deposit in Bitcoin, and the rest in NooCoin. or vice versa.
source: http://www.cryptoarticles.com/featured/noocoin-your-nootropic-payment-gateway
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