Have you heard about Cryptowisser?

Cryptowisser is determined to make the cryptocurrency space available to everyone. No longer shall only tech-savvy young men be able to benefit from all that the cryptocurrency world has to offer.

Cryptowisser has created the largest Cryptocurrency Exchange List in the world. The list includes more than 360 exchanges with information on fees, deposit methods, supported cryptocurrencies, security and user scores. The second biggest list in the world is the one compiled by coinmarketcap.com (220 exchanges), but that list provides far less information on the listed exchanges.

Furthermore, Cryptowisser has developed a matching tool called the Exchange Finder. That tool guides experienced and inexperienced persons to which cryptocurrency exchange is the best one for them. This is a necessary tool seeing as the first step if you want to trade crypto is to pick the cryptocurrency exchange that is the right one for you. In the Exchange Finder, the investor answers six questions on his/her preferences. Then, the investor is matched with the available alternatives on the market. The tool has been very successful and appreciated by the crypto community so far.

Investors that wish to read up on a specific exchange will be delighted to know that the company has also prepared comprehensive individual reviews on all of the exchanges in their Cryptocurrency Exchange List. The list of reviews includes, but is not limited to, the following:

Changelly review

Bitsane review

Binance review

Bittrex review

YoBit review

Mercatox review

You might be surprised to know how different the fees are between different exchanges. Whereas there are exchanges that don’t charge any fees whatsoever (and make their revenue solely from listing fees and advertising), there are other exchanges that charge as much as 20% per trade! The global industry average for centralized exchanges is 0.25% per trade.

In addition to providing objective info on exchanges to the market, Cryptowisser also has a list of cryptocurrency wallets, a list of cryptocurrency debit cards, a list of cryptocurrency merchants and – last but not least – a list of cryptocurrency casinos.

The site aims to be a one-stop-shop for people looking for cryptocurrency services and as a step in that direction, the company is also working on creating a cryptocurrency list. The cryptocurrency list will include information on price, tech, launch year, and much more on each cryptocurrency out there.

Stay tuned!

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LyCI – the New Generation of Crypto. Global Access to the Top 25 Cryptos in One Click!

Zug (Switzerland) – As the global crypto markets move cautiously into 2019 – the demand for a trading platform that offers stability, security and market access have never been stronger.

Combining both traditional investment products as well as crypto assets into one trading platform, Swiss-based firm Lykke is proud to announce the launch of the LyCI Service Token (ticker:LyCI).

Introducing LyCI – Trading Power in a Single Click!

In short, LyCI is a Service Token that allows customers the ability to purchase and trade the top 25 global cryptocurrencies in a single click.

Crucially LyCI is also index linked which means a real-time and rebalanced market-cap-weighted basket of the top 25 crypto assets.  Introduced at the end of 2018 the LyCI Index offers today’s investor piece of mind and flexibility in a single platform.

Mitigating Investor Risk Through the Power of Blockchain.

Pronounced ‘Lucy’ the LyCI Service Token allows both newcomer and professional trader alike the opportunity to participate in the crypto revolution – a diversified risk portfolio is assured as a result of the latest in blockchain technologies.

The sole aim of LyCI is to allow ease of access to the crypto markets and to help mitigate risk in an increasingly turbulent global economy. Formerly of Oanda, Richard Olsen, CEO of Lykke states:

Richard Olsen, CEO of Lykke
Richard Olsen, CEO of Lykke

“With the collapse of cryptos in 2018, investors are sitting on losses. They own BTC, ETH, EOS or AltCoins and have to decide if they should just stick with their holdings or switch to another crypto with a better outlook. Buying another crypto is risky, because their timing may be wrong. Instead, it is more efficient to switch to the Lykke Crypto Index (LyCI), a crypto ERC20 token in its own right.

LyCI is rebalanced every minute and profits from the narrow spreads of the zero fee Lykke Exchange. Crypto investors no longer have to index that tracks the winners.

The LyCI service token is the first token of its kind and makes it easy for investors to pick these winners, diversify risk and simplify the management of a broad universe of cryptos”

Available over the Lykke Exchange, LyCI is part of a growing and truly global online marketplace that puts the customer in control of their trading strategy with the option to exchange both crypto and traditional fiat currencies securely and with 0% trading fees.

The first in a series of planned Lykke financial products, LyCI offer security, flexibility and ease of use – combining both traditional assets and crypto in a single platform allows access to a truly global marketplace.  

Join the Global Markets Today!

ABOUT LYKKE: Based in Switzerland, Lykke is a company with an international footprint, building a global marketplace for the free exchange of financial assets. Our mission is to not only democratise the financial industry by leveraging the benefits and power of blockchain but also to eliminate the barriers to market entry – we provide equal access to the platform from any global location.

For all press queries, please email or call Marina de Mattos on +41762274163 or visit our website for more information.

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New Crypto Valley Top 50 shows Swiss Blockchain industry defying ‘crypto winter’

The recent fall in crypto currency prices saw the market valuation of the 50 largest Blockchain companies in Switzerland and Liechtenstein’s Crypto Valley plunge from US$44 billion to $20 billion in the fourth quarter of 2018. Over the same period, however, the number of participating companies soared by 20% from 629 to 750. Among them are four so-called ‘unicorns’ – start-ups already worth billions of dollars.

Davos, January 24, 2018 – Investment company CV VC, in collaboration with PwC Strategy & and IT partner inacta, has published its new quarterly list of the largest and most important companies in Switzerland and Liechtenstein’s Crypto Valley Blockchain cluster.

The survey finds that, at the end of December 2018, the cluster contained 750 companies using the distributed ledger technology that defines Blockchain. This corresponds to a growth of 121 companies, or almost 20% compared to the last count at the end of September 2018.

The data comes from CV Maps, an online directory of blockchain companies in Switzerland and Liechtenstein, which is maintained by CV VC. Mathias Ruch, Founder and CEO of CV VC said: “This new report clearly reflects the market correction that started in early 2018, which is significantly based on cryptocurrencies. However, it also shows that companies developing blockchain-based applications and infrastructure solutions have been able to keep up, while an impressive number of new startups with innovative use-cases have risen to the top.”

20% of the global market in Switzerland and Liechtenstein

‘Crypto winter’, as 2018’s severe market reversal has been nicknamed, has affected the valuation of participating companies but not their number. The market capitalization of the top 50 dropped from $44 billion to $20 billion in Q4 2018, a decrease of 55%. Most cryptocurrencies worldwide lost value during this period. The global crypto market according to Coinmarketcap was valued at the end of 2018 at $130 billion. The Crypto Valley Top 50 accounts for nearly 20% of this market. Ralf Glabischnig, Founder and Managing Partner at inacta: “In addition to the growing number of startups we observe increased activities of corporates entering the blockchain space with their own projects or startup investments”.

On average, the top 50 companies are valued at $400 million each. Excluding the five largest, the average figure is still $365million; a sign that concentration is relatively low. The average valuation of all 750 companies was estimated at $27 million. Four unicorns – startups valued at over $1billion – are present in Crypto Valley: Ethereum, Bitmain, Dfinity and Cardano.

Around 420 people work in Switzerland and Liechtenstein in the 50 largest blockchain companies. Overall, the industry employs more than 3,300 people, most of them in the area between Zug and Zurich. The survey finds that it is business as usual for many companies despite the collapse in value on the crypto exchanges.

While over half of Blockchain companies are based in the canton of Zug, Crypto Valley extends to many other Swiss cantons: 42 are now in Geneva and 39 in Ticino. Switzerland’s neighbouring microstate of Liechtenstein registers 38 crypto companies according to CV Maps. There are no entries in the blockchain register yet from Appenzell, Innerrhoden, Glarus, Jura and Obwalden.

15 new companies in the Top 50

Compared to the previous quarter, 15 companies entered the top 50 in the fourth quarter:
Sygnum, HDAC, ICON, 4ARTechnologies, WPP Energy, Nexo, ODEM, Mt. Pelerin, Saga, Boscoin, Utopiamusic, Santiment, Quant Network, TokenPay Swiss und Zulu Republic.
Dr. Daniel Diemers, Blockchain Leader EMEA bei PwC Strategy: “This high dynamic in the middle of the crypto winter is very positive. It shows that the appeal of Switzerland as one of the world’s most attractive locations for blockchain startups remains unbroken”.

The second report on the Crypto Valley’s Top 50 contains a challenger list. According to CV VC, inacta and PwC Strategy&, the 10 startups have a good chance of making it into the top 50: ambrpay, Arca Trust, Blockimmo, Cosmos Network, Datum, Friendz, Grain, Metaco, Orion Vault, Pigzbe, PikcioChain, Qiibee, Request Network, Taurus Group, UTRUST.

In addition to CV Map’s database, sources for the quarterly Top 50 survey include company registers, crypto exchanges, media reports and LinkedIn. In cooperation with PwC Strategy & Switzerland, various valuation criteria and data were established as the basis of the survey: funding, market capitalization, number of employees, and age of company, all weighted on a scale of 1 to 10. Where no data was available, estimates were made and declared as such.

You can download the complete report on the Crypto Valley’s Top 50 here. 

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Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin

UpStake, an exciting cryptocurrency project officially launched last year, is all set to take the global crypto community by storm. Unlike hundreds of crypto ventures that fail to make any impression, UpStake is dedicated to delivering a stable digital currency that will pave the way for mass adoption around the world.

London, UK – Jan 16, 2019

London-based crypto startup UpStake is well on its way to revolutionising the global cryptocurrency industry by eliminating many of the limitations that have stifled growth for years. Launched in 2018, this promising initiative is focused on ensuring mass adoption of cryptocurrency by providing a usable, stable form of digital currency to the crypto and blockchain communities across the globe.

This proposed blockchain ecosystem is built around UpStake tokens (UPS), the platform’s proprietary token. UpStake asserts that these tokens have been designed to increase in value over time, and set the stage to build great products and services which result in better user experiences.

In order to ensure continuous increase in value of UPS over time, UpStake has built a Proof-of-Burn model that burns a certain percentage of tokens sold through their exchange.  This model helps create the value that contributes to the ever-growing price point of the token. It not only enables the token price to increase every hour, but also keeps it well protected from market volatility.

Highly volatile and unregulated markets have so far obstructed the path of mass cryptocurrency adoption. In order to eliminate this concern and enable mass adoption, UpStake relies on token features such as limited circulation, hourly increase of value, proof of burn, and anti-exchange manipulation.

Having developed a product that is immune to market-related uncertainties, UpStake is confident in bringing about a paradigm shift in the crypto world’s operations.  Individuals and businesses using UpStake can now gain access to an asset with a store of value that can be safely used in day-to-day transactions. This will undoubtedly play a critical role in bringing cryptocurrency to conventional shopping, employee payroll, gaming, online gambling, network marketing, and much more.

“Knowing the future token price doesn’t create value,” said UpStake global influencer manager Seth Fontaine. “It creates a platform of transparency, and a foundation to build great products and services with an even better user experience than traditional fiat/banking.”

The UpStake platform also includes useful features such as its own exchange designed to combat market manipulation, a micro-networking investing product known as Edge, an affiliate program, and upcoming projects such as a dedicated UpStake marketplace and peer-to-peer transfer capabilities.

To find out more, please visit https://upstake.com/

About UpStake: UpStake is an exciting cryptocurrency project focused on delivering a stable digital currency that will pave the way for mass crypto adoption around the world. UpStake accomplishes this feat with a Proof-of-Burn model that periodically burns a certain percentage of tokens sold through their exchange.

Press Contact:

Seth Fontaine
Global Influencer Manager
Telegram: @sethfontaine
WhatsApp: +1 (909) 240-2158
seth@upstake.com

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Gold Backed Crypto Exchange Offers Safe Haven for Crypto Investors

GOLD.IO Seeks to Develop Decentralised & Self-Regulating Community Exchange

Turbulence in the global markets is nothing new but the cryptocurrency community has faced an unprecedented 18-month period of flux.

The need for a fully decentralised, stable, self-regulated and community-led exchange that can offer investor confidence amidst a chaotic global economy has never been stronger.

Setting the Gold Standard with Crypto’s Founding Principles.

With a scalable inter-blockchain and decentralised exchange the GOLD.IO platform is not only self-regulated and led by its stakeholders, but asset linked – offering exchange investors unrivaled portfolio security.

Gold has always set the market standard and has benchmarked traditional finance for centuries, so why should the cryptocurrency market be any different?

As a commodity, it has weathered many a financial storm and continues to do so today. Aside from a little price volatility it has consistently retained its market value, and with an unstable geopolitical, crypto-economic outlook the precious metal can provide a safe port for crypto assets.

In short, a gold-linked and backed exchange offers not only security of your assets but a piece of mind – the world has been through tougher times than we face today, but gold has always survived the course.

GOLD.IO – Providing a Defensive Asset Protection to your Investments.

With a team of over 30 experienced developers, GOLD.IO has simply put a sister chain of the EOS Project which has the mission of creating a Decentralised Exchange (DEX) of smooth inter-block communications that not only eliminates persistent market influences but has the unique benefit of being backed by a commodity asset class.

Combining the proven power of gold as well as a growing community that is not only self-regulated but also stakeholder-led – GOLD.IO is also seeking to develop a fully-fledged Decentralised Autonomous Community (DAC) based on the founding principles of the blockchain. The DAC will serve as regulatory oversight of the exchange with all stakeholders enjoying full voting rights, a say over project development and more importantly the ability to define their profits.

Gold Backed Tokenomics Offers Trading Efficiency & High Liquidity.

With global stock volatility at best and a downward trajectory at worse – according to Goldman Sachs the markets are gripped with a fear of what may come in the coming year, a gold-linked exchange, with inherently high liquidity can part-mitigate investor risk.

With no independent or fair exchange yet to provide what GOLD.IO can, the benefits of the platform as a market leader are clear but the real magic comes with the EOISO blockchain system itself – it eliminates third-party manipulation and offers a unique architecture to ensure users remain the custodian of their gold. Join The Power of GOLD!

Join the Gold Renaissance Today!

For all media and industry queries, please contact us via our website or chat to us today – we are keen to hear from you!

To find out more about us please visit our website – as leaders in the decentralised exchange space we want to work with you!

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Blockchain Community Returns to Its Founding Principles with Revolutionary New Smart Contract Investment Platform

With global cryptocurrency investors hit by a near 18-month period of industry turmoil – the community requirement for a stable investment platform that can mitigate market volatility has become ever more important.

With hundreds of cryptocurrencies traded on global exchanges and even more coming to sector every quarter – the success rates of new ICO’s remains low against established currency platforms and with ICO funds often held in situ for 1-3 months until publicly traded, investor risk remains high.

What is needed is a Platform that can Reduce Investor Risk & Boost Confidence.

Introducing URA.market – The only blockchain venture of its kind offering a fully automated, independent and secure 100% divestment option.

Based on Etherium and with strict adherence to the founding principles of Blockchain – namely a deregulated global economy free from state manipulation, URA.market has already provoked the market with a Market Capitalisation of 630 ETH and 200 investors in 7 days.

Founded in December 2018 and based on a proven mathematical algorithm, the platform excludes the possibility of price manipulation and allows for both token overflow and price collapse scenarios. In short, URA.market offers private funders a true rarity – stakeholder and trading stability in an unstable market whilst maximising token utilisation.

Modelling to Innovate.

In a word our platform offers investor contract protection with open-coded and transparent smart contracts – underpinning this is a winning combination of both market and mathematical modelling.

The URA.market platform also offers investors a range of benefits including lifelong dividends as well as cash-outs to an ETH wallet at any time, flexibility as well as token price growth with dividend payouts on each transaction. URA.market operates an honest refusal of ownership and secures your transaction through the latest crypto technology.

No investor deposits are taken or transferred to the platform operator, and users are free to leave the platform at any stage. With all smart contracts immune to the developer and third-party manipulation, any contract that imitates a token is given a ‘Withdrawal from Ownership’ status offering the investor a piece of mind.

Following the BTC lead, we are a community- led project whose sole aim is to provide a stable, innovative and secure platform to maximise your crypto investment and market assets.

For all media and industry queries, please contact us at info@ura.market or chat to us today – we are keen to hear from you!

About Ura.Market: To find out more about us, please visit our website or read our manifesto.

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MinexSystems Ships the Crypto Cards with Global Coverage and Cash-Out Starting at 0%

MinexSystems, a full-service development company specializing in blockchain products, has started shipping the globally accepted cards ordered via MinexPay. Soon, users from all over the world, without limitations, will receive the first batch of cards ordered with MinexPay service, allowing them to spend the crypto on goods and services where usual payment cards are accepted and, more importantly, cash out crypto at the nearest ATM starting at 0% fee. As an integral part of the ecosystem, Minexcoin is expected to grow in demand thanks to the general amount of MNX held at the minimum required card balances. MinexSystems also invites users to benefit from 45% yearly parking rates within its unique service — MinexBank.

Currently, MinexPay offers four different tariff plans for the ordered cards: Standard, Gold, Platinum, and Infinite. Depending on the plan type, the ATM withdrawal fee starts at 0%, meaning that users can cash out crypto for free and receive up to 1% cashback for payments with the card purchased at MinexPay. More information about the tariff plans, fees, and limits can be found here.

“We have successfully launched the card program until the end of 2018,” says Boris Shulyaev, Founder and CEO of MinexSystems. “And even though we didn’t manage to issue the cards with MinexPay logo before the winter holidays, we are working on that and will present the branded cards in the nearest time, already this year.”

Minexcoin is an integral part of the MinexSystems network. Therefore, the more people use any of the services, the more demanded MNX becomes. In case of the cards purchased via MinexPay, users need to have 1,000 MNX as the minimum required balance to cash out crypto at 0% fee, or 200 MNX — to cash out crypto at 2% fee. This minimum required balance in MNX entirely belongs to the card owner and they can withdraw it at any moment. However, to take advantage of such low fees, users need to hold a particular amount of MNX on their card balance, as shown in the example above.

According to the requests, MinexSystems is expecting 30,000 card sales by the end of Q2 2019, and, if the forecast is correct, there will be over 3 million MNX held at the minimum required balances, which is 75% from the existing circulation supply. Naturally, it will affect the Minexcoin price positively.

More information about the minimum required balances for each tariff plan can be found here.

Apart from the global crypto debit cards, MinexSystems offers various blockchain products. Thus, one of the company’s unique services, MinexBank, is the first that encourages Minexcoin owners to hold the MNX coins in their wallets with a savings purpose. Thanks to this mechanism, everyone can get Minexcoin for free as interest for their balance assets in MNX without transferring funds to anyone.

MinexBank uses parking as a confirmation of the intention of Minexcoin holder not to bring the coins from the wallet to the market within the specified period. This intention is confirmed by the Minexcoin owner by creating an application in the MinexBank algorithm. MinexBank offers various parking rates depending on the timeframe. For example, currently, users can benefit from up to 45% of the yearly rates. More information about MinexBank services and rates can be found on the official website.

Press Contact:

Liudmyla Tovstenko
l.tovstenko@minexsystems.com

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MGO Tokens of MobileGO: ICO, Price and Review

Cryptocurrency market is on shake. Someone has already thrown the auction and brought everything to fiat, someone just “gossip” in the hope of the future. After the late 2017 hype, money that goes around the market seems ridiculous. In fact, even in flat and falling, you can earn. For example, MGO is a very promising token.

Token has a very good scope of application: computer and mobile entertainment market. The industry shows explosive growth and it is not going to stop. Is it any wonder that MobileGO is growing where the rest of the market is heading down? In addition, the very concept of the token finds approval and positive feedback on MobileGO from the players.

MobileGO token can be found under the ticket MGO. Token is traded on dozens of different exchanges, but in fact, only two of them provide enough volume for trading: Digifinex and BCEX. There is little on Ethfinex and Bitforex.

MGO is a token for HODL

Let’s proceed directly to trading and profits. MGO is a token for HODL. In other words, it should be taken into a portfolio for long-term investments. Why? Let’s look at the dynamics. In the trading pair with USD, growth for the year – 157%, growth for the month – 236%. In the short term, on the contrary, it falls, about 11% per week.

Check the MobileGO ICO price chart (07.12.2018):

What are the prospects? They talk about cooperation with several leading IT-companies. On the part of the product – no concerns. From the market side, the token varies slightly. However, the price of it can take off at any second. The potential of MGO is huge.

Where you can buy MGO tokens?

According to CoinMarketCap, MobileGO tokens are available here:

MobileGO is a great token with good prospects for the future. We won’t be surprised at all if in half a year its price breaks through one dollar mark.

By the way, on December 5 – December 19 in 2018 MobileGO is having another airdrop. In order to become the rewarded participant of this MobileGO airdrop it’s necessary to follow all social media pages and channels of the project. Also, users must retweet posts about two main releases of December. Such activity is rewarded with 1 MGO token.

If a user wants to earn more MGO tokens, 1 is given for installing GShare and earning 1 GShare Gold.

Two more MGO are shared as a free reward for the first 100 participants who will complete the mentioned above tasks.

10 users with the largest Gshare Gold balance will also get additional 6 MGO tokens on their accounts.

Anyone has a chance to get from 1 to 10 MGO tokens for free taking part in the airdrop! If you need more details – visit t.me/mobilegoairdrop or airdrop.mobilego.io!

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Investing in Blockchain Technologies made simple with new Quantatex Alternative Investment Account

2018 has been characterised by frequent peaks and troughs in the world of blockchain and cryptocurrency, yet there remains an unwavering army of seasoned investors who are keen to invest in blockchain technology. Many experts are in agreement that it will become an integral part of the future of securing data and will help to eliminate issues like the recent data breaches at the NHS and British Airways.

The problem for many investors is the uncertainty and confusion associated with blockchain and cryptocurrency investments. Firstly, identifying listed companies which are directly involved in blockchain takes time and due diligence. Secondly, if looking to invest in private companies, you need to know someone in the business will be willing to sell a stake – and then there is the risk that you may never be able to sell that stake in the future. Finally, investing in cryptocurrencies themselves is widely regarded as a difficult process for the average investor. The standard process is to buy Bitcoin from an exchange such as Coinbase, transfer to a crypto exchange such as Binance, buy and sell other cryptos, then reverse the process to cash out. Each of these stages takes time and effort and leaves the investor open to numerous risks such as complicated validation protocols, multiple accounts and simply knowing when to buy and sell.

These large and complex challenges are what has led to the launch of Quantatex, a new to market, actively managed alternative investment account which allows investors to begin capitalising on opportunities in the blockchain space quickly, simply and efficiently, without needing to spend time developing their own understanding of this often complex area of trading.

Quantatex trades both sides of the market by employing long and short trading to exploit the significant intraday moves, thereby minimising the losses through stringent risk management and capitalising on the gains by running trades to their optimum valuation. Investments are updated daily and clients have 24 access to their funds to add or withdraw whenever they wish.

The Quantatex team comprises skilled traders and qualified analysts, who collectively have over 50 years of experience in financial markets and bring to bear techniques and strategies, developed over years in the equity, FX and commodity markets. Furthermore, all Quantatex traders are qualified to at least RDR level 4 with the CISI (Chartered Institute for Securities and Investment) are on the FCA register and all analysts hold CFA (Chartered Financial Analyst) qualifications.

Opening an account with Quantatex is easy. Customers can either register for an account online at www.quantatex.com or pop into the company office in Cornwall, UK. Mitch Blakeway, Head of Trading at Quantatex, believes that the New Year is a prime time for investors to add blockchain and cryptocurrencies to their portfolio, given the explosive nature of the market in recent months.

“Traditional investment markets have historically been slow to move when compared to the exciting asset class of cryptocurrencies. Through extensive and detailed back testing over a number of months, our team has found that the tried and tested techniques and strategies can be successfully applied to cryptocurrencies in order to produce favourable returns. Whilst investing in cryptocurrencies remains an extremely high risk investment, we employ the most stringent of risk management techniques to ensure the funds we manage stand the best chances of achieving positive growth,” explains Mitch.

For more information, visit www.quantatex.com

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5 Examples of Successful E-Commerce Sites

Photo by Jacek Dylag on Unsplash.

E-commerce is one of the largest and fastest growing sectors in the world, and it has the statistics to back it up. A report conducted by Statista revealed that it generated around $2.3 trillion in revenues and expected to reach up to $4.5 trillion in 2021.

In the United States alone, 10 percent of retail sales are from e-commerce, and that figure is growing every year by 15 percent.

These figures reveal the opportunity in-store for e-commerce businesses and also the fact that they cannot survive by relying on their brick-and-mortar stores anymore. In other words, they have to be where their customers hour 24/7.

With that said, we can say that some of the most successful businesses in the world are e-commerce sites. But what is their secret to success? How did they get there when other have difficulty?

Below are five of the most successful e-commerce sites and some lessons we can all learn from, especially for those who are planning to have an online venture.

Amazon

Amazon is considered the leader of the pack when it comes to e-commerce; however, it did not reach that status overnight.

Established in 1994 as Cadabra, Inc., it had a detestable logo and a website that left little to desire for. Moreover, it only sold books.

Fast forward to now – Amazon is the exact opposite of everything it was at the beginning.

There are many reasons why Amazon became a success, but the primary factor for that is how they leverage data. You can see that in widgets filled with unique product recommendations across the site. That catches the eyes of any visitor giving them the opportunity to make more purchase.

All through the years, Amazon has mastered the art of online retail, especially in giving visitors a personalized experience. By gathering the behavior data of their visitors, they know what kind of products attract each buyer and what they use to draw attention.

Aside from that, Amazon has one of the most secure payment gateways, making people feel secure in giving their card information details. E-commerce startups should always put a secure payment gateway on top of their priority lists. Some of these include Skrill, Monetha, Stripe, and PayPal Payments Pro.

As of 2017, Amazon has an estimated $177.866 billion in revenues.

Lazada

Lazada is to Southeast Asia as Amazon is to North America. The Rocket Internet created it because of Amazon’s lack of presence in the region.

Launched only in 2012, Lazada is the largest e-commerce platform in Singapore, Vietnam, the Philippines, Malaysia, Thailand, and Indonesia.

At first, Lazada had its warehouse where it stored most of the goods they sold. However, they allowed third-party retailers to sell their products in 2013. That move proved to be one of the best it had done because it has accounted for 65% of in 2014.

Lazada continued to secure its place in the region as the number one online retail platform when it struck a deal with Jack Ma’s Alibaba Group. The deal gave Alibaba a controlling stake in the company.

In 2016, Lazada claimed that their total annual sales in their Southeast Asian market are $1.36 billion.

Zalora

Dubbed as Asia’s Online Fashion Destination, Zalora can be considered Lazada’s competitor in the region. However, there are a few minor differences between them. Zalora only sells clothing, shoes, and accessories. Aside from Southeast Asia, it also operates in Taiwan, Hong Kong, Australia, and New Zealand.

Zalora was founded in Singapore in 2011 with the goal of making top fashion brands accessible and more affordable for everyone.

According to a report in Tech in Asia, Zalora’s 2015 – 2016 revenue is up by 300% from 2014. At present, the e-commerce platform carries more than 1000 fashion brands with 120,000 products sold on the site.

Forever21

Forever21 is a Korean fashion brand founded by a husband and wife team in 1984. The brand’s story is one for the books. New immigrants in the United States with barely a college education, they started with $11,000 and capitalized on wholesale closeouts. The venture proved to be successful as they earned $700,000 in sales that year.

Now, 790 stores and growing in 48 countries, the Changs saw the opportunity of increasing their sales even more online. Again, that proved to be a good move as their e-commerce store’s 2017 global revenue was $456.8 million.

What makes the brand’s online store successful?

  • One, they make sure that the products they sell are always in line with their brand’s value.
  • Two, they continually update their products so people will have something new every time they visit the store.
  • Three, they have a dynamic affiliate program which plays a huge factor in their sales.

Flipkart

Flipkart is considered the #1 online store in India. Its founders, Sachin Bansal and Binny Bansal, used to work for Amazon so it’s not surprising to see that they modeled their online store after their former employer.

Like Amazon, Flipkart started selling books only, but as the company grew, it acquired different businesses including Lulu.com and Myntra. Soon, it began selling other stuff from toys to clothes to tech gadgets.

Flipkart’s estimated revenue as of 2017 is $2.8 billion.

Conclusion

All the above e-commerce stores started small, but with the right attitude and strategy, they were able to beat all odds and reach success. If you are planning to establish your online store, learn from these success stories.

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