Photo - Decentralized Fashion Club
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Decentralized Fashion Club

provides merchants and buyers new level of the experience.

Cyprus
Market: Services, Other, Blockchain, Crypto currency, Virtual and Augmented Reality
Stage of the project: Idea or something is already done

Date of last change: 22.08.2022
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Idea

Decentralized Fashion Club (DFC) is the platform that provides merchants and buyers new level of the experience.
In DFC Marketplace people are buying goods same as in existing marketplaces, but have opportunity to fit them by using Ar/Vr technologies. For first time customers can be sure about the sizes they need when buying online.

Current Status

Current status is seed.

Problem or Opportunity

We are trying to make a perfect marketplace, so we already solved all problems that our client can have.

Solution (product or service)

4 Significant problems that online shops face:
clothes fitting, frauds and scams, authentication of
brand clothes, matching the outfit, presence of all
brands.
We are solving it with a new marketplace with use of ar/vr technologies.

Competitors

For now there no competitors, market do not have services like we want to intruduce.

Advantages or differentiators

clothes fitting, frauds and scams, authentication of
brand clothes, matching the outfit, presence of all
brands this is 4 main problem when you're ordering online that we solved.

Finance

Making money is not acctually appropriate word, but we are going to earn money by charging a commission from merchants. Each merchant will have to choose an appropriate tariff plan, and according to their plan, they will pay a commission from 1-7%. It is pretty straightforward, but because our project is Web 3.0. based and we have our own digital token, it is becoming more complicated. Instead of paying us actual money for the services provided, merchants will have to buy our tokens and the number of tokens they should purchase depends on the amount of transactions and price of each token. We know 1-7% sounds like nothing, but only in USA there are 266.7 millions online shoppers and more than 2.14 billions worldwide. According to statistic average person spends 161$ per month on clothing. Let’s assume we would get even 5% of American market only. That’s 13.335.000 buyers that would spend on average 161$ a month that gives us 2.146.935.000$ revenue a month or 25.763.000.000$ a year. Therefore our commission (3%) would be 772.896.000$ a year. And that’s our goal for the first 5 years.

Clear example. Merchants sold good for 1000$. According to his tariff plan he should pay 3% and price of token is 5 dollars. So he would pay 30$/5$ = 6 $FCT (our token)

Money will be spent on

1.Development150k-200k
2. Advertising around 10k
3. Wages 40к

Offer for investor

Investors can choose between:
1. Our currency
2. % of a company
3. Their investment back with percentages

Team or Management

Risks

Risks are little if we will find funds we need to move on.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
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