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Addonx - A platform to get what you need.

Introduction

What do you need?

Imagine a place where you can clearly express your needs, and skilled experts respond with offers to help.

A place where you have the freedom to choose your payment method—whether it's cryptocurrencies, fiat currency, or even paying with your own time.

Create your own personal token, build a reputation within the community, and safely connect, negotiate, and transact using blockchain technology.

Welcome to the Addonx community.

The problems our project aims to address.

People often struggle to find the right provider for the services, advice, or information they need. They have to spend time researching options, connecting with providers, and negotiating payments.

Everyone needs something at some point and, usually, everyone has some form of knowledge, skill or expertise which they can offer to someone else. By finding matches between providers and consumers our project aims to bring people together for mutually beneficial transactions.

We believe the most efficient way to transact is person to person, peer to peer, less intermediaries means more value for both sides.

Progress in open-source and decentralized technologies like blockchain has shown that we can build systems that help to prioritize the financial independence of individuals. The growth of communities built around crypto and NFT eco-systems indicate an appetite for these decentralized systems but it is still early, most people are unaware of the potential.

Additionally, there are no systems that allow people to use their time as a primary form of payment for services. A peer-to-peer system offering payment options like fiat currency and cryptocurrency would be greatly enhanced by the possibility of direct exchanges of time or skills.

Traditional payment methods using fiat currency have many limitations and restrictions especially in the global services sector. Between countries and across continents a simple transaction can take a long time, involve many third parties, incur costs and will be restricted by the currency exchange market and local regulations.

Another important limitation with fiat currency is the value disparity between different regions in the world. This problem effects both sides of the transaction. A provider in a rich region can be undercut by cheap labour costs in a poor region and a consumer in a poor region will be unable to pay for a required service from a provider in the rich regions.

These problems are partially solved by cryptocurrency but, at the moment there is a lack of trust and knowledge about this technology and rates of adoption are low. More fundamentally cryptocurrencies have other problems that are similar to those of traditional financial concepts.

Firstly, the value of these cryptocurrencies is still measured relative to the local currencies, so one Bitcoin in India will buy an enormous house, but the same Bitcoin in Germany will only buy a new car.

Secondly, at the moment, cryptocurrencies are not used primarily as a medium of exchange. Most holders of crypto see their coins as an investment to hedge against fiat inflation, or as a means of buying other crypto products to engage in speculation. For the average crypto user it is not easy to earn cryptocurrency and this means they are hesitant to spend it on services.

Digital and blockchain based payments are normal for online transactions but offline in the local economy, cash is still king. The question being asked right now is: Will we always have this option?

The trend in the offline world is towards digital and most of us are slowly being persuaded to use our phones and devices to transact. The future does not look bright for physical money. How will people maintain their financial independence without cash?

The solutions our project can offer.

Our aim is to solve these problems by developing a platform and building a community.

The platform offers a space where people can create posts telling the community what they need. Members can search or browse these needs and make an offer to provide a solution.

The platform will suggest suitable matches to the users and once a connection is made the platform will offer various payment methods.

The platform is designed to allow Web1/2 traditional payment methods but it will encourage Web3 adoption by promoting and onboarding users to the security, flexibility and transparency of blockchain technology.

Web1/2

Initially, in order to encourage new users and help blockchain adoption, a person who has zero knowledge of blockchain utility and is outside the crypto eco-system is offered a simple matchmaker service to help them fulfil their needs or sell their service.

Users that have signed up but haven't connected a wallet are off chain users and only have the option of transacting with fiat currency. A Web1/2 sign up process enables users to post their needs and connect with other users who have the capacity to provide solutions.

The platform facilitates the connection but directs the user to traditional payment gateways for this type of exchange. Transactions with this type of payment take place outside the platform and third parties (PayPal etc.) administer the process.

The educational resources on our platform encourage and nudge this type of user towards the web3 experience and our aim is a smooth onboarding, helping the user to create their own wallet. This step by step approach gradually brings users on chain and can help solve the problem of mass adoption.

Web3

Experienced Web3 users are able to connect their wallet directly in order to create a profile and post their needs.

Transactions can be completed using payment methods as in Web1/2 or by using tokens from the connected wallet when an exchange is agreed.

This enables peer to peer transactions based entirely in the blockchain eco-system.

Smart Contracts

In order to complete each Web3 transaction the platform gives security and flexibility to both parties by following the procedure laid out in a smart contract.

The smart contract allows both parties to negotiate and create conditions with agreement needed to progress to the next stage.

For basic transactions simple clicks can allow progression through the process but the smart contract allows for more sophisticated negotiations:

The owner of the need chooses a provider and can begin by offering a down payment. If they change their mind they can cancel and get this down payment back anytime before the provider accepts the first conditions.

When the provider accepts the conditions the down payment is locked, this will be paid to the provider if the contract is broken.

Before starting the work, the provider can show the owner of the need a preview of the job. The owner of the need can either give feedback and refuse to continue or accept and continue with the process.

The contract goes through different stages: Pending, Cancelled, Processing, Job Done, and Complete. Both the owner of the need and the provider of solution can take actions based on these stages.

If the project is complex, the contract can have recurring stages. Each stage (like processing) can include seperate milestones, and after each milestone, the provider can receive their payment by both parties agreeing completion.

Payment Methods for Web3 users

The on chain User Interface is built on the Cardano blockchain so ADA will be used for the blockchain fees. Within the platform ADA can be used for all transactions such as paying for needs and buying tokens.

Web3 users that connect a wallet have the possibility of transacting with different payment methods:

• Traditional payment methods (fiat currency)

• Native Cardano assets (ADA, other native tokens)

• Addonx native tokens

• Addonx PFTs

The Addonx native token

Addonx native tokens are utility tokens created by the project and are designed to be used for payments and transactions within the Addonx eco-system.The management decisions and roadmap for the tokenomics will be open and transparent.

Users who help in any way with the development of the platform are rewarded with Addonx native tokens. The token can be used to pay the platform fees and any other services offered by the platform. Users can also choose to accept this token as payment for their service or their PFTs.

The Addonx PFT

As users become more involved with the platform they will be offered the opportunity to create and pay with a unique personal token (PFT). This innovative concept converts the users skills, experience and expertise into a tradable asset.

The PFT, based on a set period of the user's own time, represents the value of the service offered and depends on the demand, supply, type and quality of that service. The supply and management of this type of token is controlled by the user themselves. A user who fulfils the criteria of a provider will have access to the platform's token creation infrastructure.

Users who have little traditional monetary resources, but have skills and knowledge to offer, can use their own token to pay for the things they need. The user potentially fulfilling the need is able to check all the attributes of the token on the platform before accepting any PFT as payment and the transparency and security of the transaction is guaranteed on the blockchain.

The user is able to offer their own PFT as payment for any needs they may have, essentially paying with a promise of their own time. A user's PFT may also be bought for fiat, ADA, or Addonx native tokens. The creator of the token decides whether to accept the payment method and is responsible for setting the token's exchange ratio.

Conclusion

The Addonx project has four main aims:

• to build a community of members who have skills, knowledge and expertise to share.

• to connect members with needs with members who can meet those needs.

• to encourage adoption of decentralized methods of transacting.

• to enable members to transact with tokens that represent their own time and experience.

The Addonx platform matches people who have needs with people who can fulfill those needs. We can connect customers with providers both locally and globally, offline and online. The transactions between these two parties can be made traditionally with fiat currency but our goal is to encourage the user to adopt Web3 payment methods.

Our platform uses the security and transparency of the blockchain to validate transactions and allows open ratings and reviews for each user. We offer various methods of payment including our own native tokens as well as personal tokens unique to each individual. The innovative use of smart contracts ensures that both customer and provider are satisfied with the completed transaction.

Addonx is introducing a completely new concept in peer to peer transactions and we are utilizing blockchain technology in a way not seen before.

Join our community and help us build financial independence for all.