Usedy

Product Overview:

Usedy is a decentralised marketplace application designed to incentivise and empower individuals, recyclable/reuseable material sellers, recyclable/reuseable centres, companies, and other buyers to participate actively in sustainable waste management and recycling efforts. By leveraging blockchain technology, Usedy connects sellers offering recyclable/reusable materials with buyers in a transparent and rewarding ecosystem. Sellers list their recyclable/reuseable materials/products while the buyers make purchases of these recyclable/reuseable products using blockchain The users (the sellers and buyers) are rewarded with a usedy token in the form of usedy points, which upon accumulation to a certain amount can be exchanged for a valuable token and used to purchase eco-friendly products, services, or carbon offset certificates.

Problem Statement:

Efficient waste management and recycling remain a significant challenge worldwide. Finding recyclable/reusable materials for purchase and motivating sellers to participate in recycling efforts are persistent issues. There is a lack of transparency and incentives to drive recycling participation effectively. These challenges hinder progress in mitigating climate change and achieving sustainable carbon reduction goals.

Proposed Solution:

Usedy addresses these challenges by providing a decentralised marketplace for recyclable/reusable materials, integrating blockchain technology for secure, transparent transactions, and introducing a tokenised reward system in the form of usedy token. The product leverages blockchain technology to revolutionize waste management and recycling, creating a solution that not only encourages participation but also promotes sustainability and environmental consciousness.

Value Proposition

Usedy differentiates itself by leveraging blockchain technology and providing a decentralised marketplace with tokenised rewards, adding a layer of transparency and security to transactions.

Product Goals:

1. Enable users' product listing and purchases through the secure blockchain network. 

2. Increase Recycling Participation: Encourage more sellers to participate in recycling efforts by rewarding them with usedy tokens.

3. Facilitate Secure Transactions: Ensure secure and transparent transactions through blockchain payments.

4. Enhance User Trust: Build trust within the platform through user ratings, reviews, and transparent transactions.

Key Features and Functionalities:

1. User Registration and Onboarding: Users register and create profiles, providing essential information (name, email and password).

2. Listing Functionality:

• Sellers: Sellers can list recyclable/reusable materials/products, including images, a description of the recyclable/reusable product, the type of recyclable/reusable material, quantity, prices per unit of measure (e.g., gram), and location.

• Sellers get rewarded with a usedy (10 tokens) upon successful product listing. 

• Sellers can edit listed products after listing successfully. 

3. Search and Purchase functionality 

• Buyers: Buyers can search for recyclable/reusable materials based on various filters like type, quantity, price, and location.

• Buyers can view detailed product listings, including images, descriptions, price, UOM, quantity and seller location, and ratings.

4. Users determine the delivery kinds (self-pick up/buyer self-delivery or seller delivery) and view the relative cost. 

5. Secure Blockchain Payments:

Buyers can initiate purchases and make secure payments using blockchain technology, ensuring transparency and trust in transactions. 

Transaction Management:

• Smart contracts facilitate secure and transparent transactions.

• Escrow service holds payments made until buyers confirm receipt of recyclable/reusable materials.

• Once confirmed, cryptocurrency payments are released to sellers in their wallets. 

Target Audience:

• Individuals interested in recycling and sustainability.

• Recyclable/reusable material sellers, collectors, and businesses.

• Buyers seeking recyclable/reuseable materials for recycling.
  

Revenue

• 1% Transaction Fees on every successful and completed transaction
  

Go to Martket Strategy:

Conclusion:

Usedy is committed to making recycling more accessible, rewarding, and environmentally impactful. By connecting recyclable/reusable product sellers and buyers through blockchain technology.

With a decentralised marketplace functionality and blockchain technology to incentivise recycling and promote sustainable waste management. usedy empowers individuals, businesses, and organizations to participate actively in the recycling ecosystem; hence it encourages sustainable waste management practices and contributes to a greener, more eco-conscious world.

Contract Deployed:
UsedyToken deployed to 0x25d3195984A693886103312eA3FA53D738c951B7

UsedDy deployed to 0x951fAa8B5E040DdC3f0489D00CF1E66be2355b25

Pitch:
https://www.canva.com/design/DAGmZw9X4OM/_RnCa_ueGOYJRAU_Me7yIA/view?utm_content=DAGmZw9X4OM&utm_campaign=designshare&utm_medium=link2&utm_source=uniquelinks&utlId=habd2afab68