CanYa coin - The world’s best cryptocurrency-based autonomous marketplace of services.



  • CanYa is a recently launched working, feature rich platform
    in the home & digital services industry. The platform is currently
    made up of mature iOS & Android apps to find, book, pay and
    review service providers. A web app is in beta. Payments are
    currently in Australian fiat.
    The CanYaCoin (CAN) will soon power the platform’s payment
    system, enabling a decentralised, trustless and hedged escrow
    service, a single bridge between fiat and a variety of
    cryptocurrencies, a powerful rewards system to encourage
    network effects, and incentivised user-curation and userarbitration.
    The CanYaCoin is unique in that it exhibits both
    stable properties whilst being utilised as a currency, and growth
    properties from user-demand.
    CanYa is hoping to raise 78,000 ETH by selling 60,000,000
    CanYaCoins. Funds raised will be used to integrate the
    cryptocurrency payment layer, provide liquidity for the hedged
    escrow contract, expand features and undertake an aggressive
    global launch with marketing, translations and infrastructure.
    CanYa is the ultimate link between crypto and the real world,
    where the ERC20-based coin is backed by the value of skilled
    human services, valued at $2tn globally. The coin can be spent
    in the platform and converted to real world skilled labour. A
    freemium subscription model provides a constant demand for
    the coin and a revenue stream for the platform. By integrating
    fiat payment gateways, CanYaCoin will be a legitimate gateway
    of fiat into crypto, enhancing the entire ecosystem and
    accelerating mainstream adoption.
    The CanYaCoin sale allows users an opportunity to participate in
    the crowdfunding event i


    CORE FEATURES

    The CanYa platform is a fully featured marketplace of peer-to-peer services that consists of iOS & Android
    apps and a beta web-app. CanYa includes inbuilt chat, VoIP, calendar, alerts, payments, listing management,
    reviews, quotes, direct bookings, detailed pricing, job broadcast, multi-user jobs and more.
    (1) As a client, you will load your CanYa wallet with CanYaCoin, crypto and supported fiat currencies.
    (2) As a client, you can instantly pay for services locally and globally, with no fees. CanYa supports most peerpeer
    services with an emphasis on home & digital services. Users help curate and verify new services and
    providers with reviews.
    (3) As a service provider, you will earn CAN for your skills and services. Spend in the app, or exchange for free
    and send immediately to a Bitcoin or an Ether wallet.
    (4) As a service provider, freely advertise your skills and services to a micro-local & global marketplace, or pay
    a small monthly subscription for enhanced featured status. CanYa is a true meritocracy — the best
    providers get the most exposure and work.



    “Book & pay my cleaner with crypto? I’m in!”


    sa

    Platform


    CanYa was beta-launched in a small Australian city (Darwin) in
    late December 2016, and then soft-launched in a major
    Australian city (Adelaide) in January 2017. CanYa has been
    successfully tested in a market and has an existing user-base.

    • PEER-TO-PEER

    CanYa is a peer-to-peer platform where clients choose &
    interact directly with the person who will be providing the
    service instead of a third-party. Using smart contracts, the
    platform will provide a trustless, secure and fast payment layer.


    • SERVICE-AGNOSTIC

    CanYa is suitable to a vast array of different services, from
    professional licensed services to casual per-hour services.
    CanYa currently has over 200 services and 400 different
    skills listed for providers, all submitted by users. CanYa
    includes features that make it flexible for mobile services,
    brick-and-mortar services, one-time jobs, recurring and
    group bookings.

    • USER-GENERATED

    CanYa's content is primarily user-generated & rapidly scalable. Providers add listings themselves and can
    request further services, skills and licences.


    • SELF-CURATING AND SELF-BALANCING

    CanYa is a true meritocracy and is thus self-curating; providers with good reviews will see more exposure
    and thus more work. Good providers will see high demand and can afford to start charging higher rates.

    An Autonomous Marketplace of Services

    CanYa automatically assesses and ranks providers on 15 different metrics, including:


    New providers are given a 7 day exposure boost to ensure they can penetrate an established provider base.
    All providers are given the opportunity to continually improve their profile and behaviour to ensure maximum
    exposure.

    • END-TO-END

    CanYa is an end-to-end solution; discovery, engagement, booking, job tracking, payment, receipt
    issuance and review capture. CanYa also includes free media-rich messaging, free voice calling, and a
    free quote & invoice service.

    • SMART WITH MACHINE LEARNING

    The worst experience with hiring services is usually caused from hiring the
    wrong service. CanYa is using the thousands of job requests processed in
    the platform, together with the listed skills and descriptions, to train ML
    algorithms to better match job requests with the right providers, and to
    extract the right information from users easily.
    In future, users will simply ask the platform for help, and the right providers
    are immediately notified. This vastly improves the experience of the platform

    • CHAT BOT ENGAGEMENT

    CanYa have already built and implemented a media-rich messaging service
    native to the app, and sees thousands of messages sent between users
    each week. CanYa is in the early stages of building a smart chat-bot to
    engage users and providers. The chat service can be used to process job
    requests, as well as helping providers manage their schedule.

    Smart Contracts

    Ethereum smart contracts provide a trustless hedged escrow which protects currency value for users, as well
    as processing the platform revenue stream and disseminating rewards for incentivised network effects.

    TRUSTLESS HEDGED ESCROW                      Under Development

    At the heart of the transaction process is a smart contract that holds secured funds for the provider. With
    an Ethereum smart contract, the user does not need to trust the platform or the third-party to send their
    funds. By immediately collaterising the hedged funds with a store of value such as Bitcoin, Tether or XAU,
    the value of the escrow can be protected with the certainty of the underlying store of value — all with zero
    counterparty risk.
    An example of the process:
    Step 1 - A client books a provider for $100 and sends funds to a smart contract. Immediately an
    equivalent $100 from the store-of-value base is collected in a hedge contract.
    Step 2 - The provider completes the job and sends the $100 invoice.
    Step 3 - The client releases the payment.
    -> The value of the escrow has reduced to $90: $10 is exchanged from the hedge to pay the
    provider $100.
    -> The value of escrow has increased to $110: $10 is exchanged out to maintain a $100 invoice.
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    DISPUTE RESOLUTION

    CanYa has already built an effective automatic dispute resolution system, but this will be enhanced with a
    smart contract. The smart contract holds the funds, but allows both parties to take recourse against each
    other and encourages them to negotiate. The client can dispute the invoice, and the provider can amend
    or terminate the invoice.


    If the negotiation is fruitless, either user can request arbitration from CanYa at a non-refundable cost of
    5%, deducted from the escrow at any time. This minimises the burden of customer service. In the
    roadmap, this arbitration can be out-sourced to other neutral users to perform in return for the 5% fee.

    TRUSTLESS PAYMENT AUTOMATION   Planned

    Smart contracts allow for the automation of many business process that can
    execute without trust from any involved party. For CanYa, this includes
    deposits, milestone payments and even recurring payments.
    For a deposit, the provider specifies that a certain amount of the job be paid
    upfront, with the rest held in escrow. For milestone payments, the provider
    breaks the job into smaller parts and is paid incrementally. The provider can set
    milestones themselves, which execute payments on request, or are timebased.
    After each payment, the smart contract holds the next milestone
    payment in escrow. The smart contract also handles recurring payments,
    paying the provider out on terms that they agree with the client.

     AMENDED INVOICES
    If a provider amends or issues an invoice lower than the escrowed amount, the
    remainder is refunded to the user when they release the funds. If the provider
    amends an invoice to a higher amount, a smart contract will pay out the full
    amount, and deduct the remainder from the client’s wallet.

    Initial Coin Offering

    PRE-SALE

    The CanYa coin pre-sale will commence in October 2017. The pre-sale will support the coin sale and help
    grow the team for success. The coin sale will accept ETH.

    COIN SALE

    There will be precisely 100,000,000 coins in circulation. The public coin sale will be conducted over four stages
    and will commence in November 2017.

    The stages will not progress until the previous is fulfilled. At the conclusion all unsold coins will be reserved by
    the Company. Options for the reserved tokens include a further sale, utilising a market-marker to protect coin
    volatility, or dissemination into the liquidity or Rewards Pool.
    There will be a hard cap of 60,000,000 CanYa coins available for sale.

    DISSEMINATION

    The total supply of coins will be fixed and disseminated in the following manner:

    CanYa Rewards

    Marketplaces are very responsive to network effects; the more providers list themselves, the more clients
    will use them. The team have built a native rewards system that incentivises the following user-behaviours:
    (1) Encouraging users to sign up and use the platform
    (2) Referring friends to the platform
    (3) Encouraging friends to use the platform
    With the CanYaCoin, these behaviours can be encouraged and rewarded with tangible value.

     FRIEND REFERRALS
    CanYa currently incentivises users to refer their friends to the platform by giving them
    $10 credit. In the future, CanYaCoins will be issued for each successful referral. Each user is given a unique
    referral code and link, with valid referrals being tracked through this code.

     WELCOME BONUS
    If a new user signs up with a friend’s referral code they are immediately issued credit
    to encourage them to make their first transaction (currently $10).

     TRANSACTION CASH-BACK
    CanYa will incentive users to make transactions by issuing a 5% cash back on each transaction. For example,
    if Tim pays his web-developer 100 CAN, then he will immediately receive 5 CAN coins after the transaction.
    This is a complete disruption of traditional payments, where users incur fees when they transact. With CanYa,
    they are paid to pay, rewarding active users.
     

    COMMISSION PAYMENTS
    CanYa has an in-built incentive users to encourage their friends to use the app by
    issuing a 2-4% commission if their friend spends or earns in the platform. For example, if Bob refers Jane, for
    every 100 CAN Jane spends or earns, Bob will be paid 2 CAN. This will encourage users to refer power users
    and providers, in turn maximising adoption of the platform.



    REWARDS POOL

    The Rewards Pool will hold 20% of the minted coins after the Coin Sale and will be held in a smart contract.
    Once the Coin Sale is completed, the total number of coins is recorded as the baseline amount. Each time the
    number of coins in the pool decreases by half, all rewards are also halved. In this manner, Rewards will
    constantly be issued, no matter the amount left, on an asymptote to zero.
    The Rewards Pool is topped up monthly by allocation from the Asset Contract. If usage of the platform
    increases, the Asset Contract will increase the amount of contained in the Rewards pool, thereby returning the
    dissemination to an equilibrium.


    Links:

    White Paper:https://canya.io/assets/docs/W...

    Website: https://canya.io/

    Facebook:https://www.facebook.com/CanYa...

    Twitter:https://twitter.com/canya_io

    Instagram:https://www.instagram.com/cany...

    Github:https://github.com/CanYaCoinSa...

    Telegram:https://t.me/canyacoin



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