Singapore Online Marketplace Builder Arcadier to Raise US $25 Million via Token Sale to Bring eCommerce Marketplaces on the Blockchain

  • Project ArcadierX, Arcadiers blockchain initiative, aims to enhance trust, introduce immutability, transparency, and decentralisation to global B2B and B2C eCommerce
  • US $1 million raised to-date for ArcadierX via private sale
  • Founded in 2013, it now has more than 7,000 eCommerce clients in over 170 countries, selling more than 5 million products and services

SINGAPORE, November 2018 – Arcadier, a Singapore-headquartered online marketplace builder, has announced the launch of its Token Generation Event (TGE) Presale for Project ArcadierX, Arcadiers blockchain-enhanced marketplace platform. Arcadier aims to introduce immutability, transparency and decentralisation to the global B2B and B2C eCommerce markets, while enhancing trust through blockchain. Arcadier intends to raise US $25 million by Q3 2019. To-date, they have already raised $1 million via a private sale.

The TGE Presale of ARCX tokens will commence at from 1 Dec 2018, and will be used to fund the development of Project ArcadierX; five blockchain initiatives which will enhance the current Arcadier marketplace platform. The current ecosystem of 7,000+ global marketplaces from over 170 countries will be the immediate launchpad of ArcadierX, with the intention of extending blockchain capabilities to benefit the wider eCommerce industry.

Mr Dinuke Ranasinghe, Chief Executive Officer of Arcadier, said, We see blockchain as a natural evolution of our core business, which is to help eCommerce sellers and buyers connect on global online marketplaces and transact with trust. As the global leader in our segment, weve always focused on technology to increase effectiveness and efficiency in our services, and we believe that the benefits of blockchain can help drive eCommerce to the next level.

This development comes off the back of a series of key business wins for Arcadier. They were recently chosen by the United Nations Office for Project Services (UNOPS) to build and operate the Defeat-NCD (Non-Communicable Disease) Marketplace; where Arcadier will help 100 resource poor countries gain access to NCD supplies, medicines and diagnostics via a global, private online marketplace.

Earlier this year, they have also signed a Memorandum of Understanding (MOU) with the Cross River State government of Nigeria, to build and design a B2B marketplace where cocoa bean farmers can sell their products to buyers around the world.

With more than 5 million different product and service SKUs from the over 7,000 online marketplaces globally, Arcadier Hub, a blockchain-based decentralised inventory application and one of the two foundational blockchain solutions in Project ArcadierX, intends to a create a decentralised network of global inventories across all Arcadiers eCommerce marketplaces, where sellers can now easily list their products across multiple sites. Marketplace operators and sellers can then gain quicker access to greater product variety from around the world, i ...

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Tags: Marketplace, Arcadier, Blockchain, Online marketplace, United States dollar, Singapore, Dinuke Ranasinghe, Chief executive officer, Cross River State, United Nations Office for Project Services