TECHSPECS

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Unlike most whitepapers I have read, which begin with glowing statistics about the potential of the industry they intend to veer into, TechSpecs does the opposite by letting us know that indeed worldwide, growth in consumer technology is stalling. According to statista an estimated 62.9％ of the population worldwide already owned a mobile phone in 2016. Makes sense that such a market will stall because users may not want to change their phones just because a new version is out and there is really no enthusiasm to buy a new phone when one is comfortable with an old one.

TechSpecs puts it this way;

The biggest issues to overcome to restore consumer enthusiasm for purchasing new electronics are:

Wow factor: With satisfaction rates at a multiyear high, there needs to be a way to clearly communicate why a new device is a must have.
Differentiation: With less overall demand, each product needs to fight for the diminished market share. Even the smallest advantage can end up being the difference between profit and loss.
Clarity: With so many similar products trying to compete for a smaller overall spend, each products needs to clearly and immediately convey its unique value proposition.

One fun fact I will like to add before we go on is the fact that more people have access to mobile phones than to toilets. Naturally, there should be more demand for toilets than mobile phones.

Moving on! TechSpecs offers a way to restore consumers enthusiasm. They will provide various services that will inadvertently lead to the sale of your new and dope consumer tech. Maybe you are not a producer of technologies, but just a simple blogger, like me. You do reviews on your Youtube and on your blog site. You can use a TechSpecs widget on your site, for a fee. This widget will embed technical specifications technical specifications of the products you are reviewing saving you the tonnes of hours you put into searching for virtually non-existent info on your product reviews.

This is how TechSpecs plans to make money for you.

1. Fee for using the TechSpecs technology and services: TechSpecs is still in discussion with popular tech firms to get them on board. Once they do, bloggers, tech firms and others who use the TechSpecs software will generate revenue.

2. Advertising revenue from the TechSpecs.com website: The website which will be built to become the go-to website for comparing the specs of consumer electronics and software/hardware compatibility, will have ads from various tech firms which will also generate revenue.

THE ICO

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As you can see, pre-sale of the tokens are already ongoing. You should know that ICO's are a type of crowdfunding. As the name goes, it is a crowd of people, instead of say a few investors, funding (pumping money into) a project to help it gain enough capital for its formation. In the case of TechSpecs, the money you invest will be used to develop the TechSpecs software. The pre-sale, which has already began will end on 30th March. You can buy your SPC tokens here

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The initial token sale will start on 1st May and end on 5th June. You can buy the token at a discounted price if you buy early. According to their whitepaper,

The total number of tokens generated is limited and capped at 100,000,000 SPC. Of those, 70,000,000 SPC will be available for purchase at initial token offer price of $2.00 per SPC, TechSpecs is working on creating both a global standard for tech specs and the largest ecosystem of consumer electronics - all purchasable with SPC tokens.

That's it folks. Do more research, read their whitepaper, and interact with them on Twitter

Invest wisely in crypto. Know that it is risky business but what is life without risks!