Carry priceCRE

What Is Carry?

Carry is a decentralized advertising platform designed to bridge the gap between offline merchants and consumers through the innovative use of blockchain">blockchain technology. Despite the substantial growth of online and mobile commerce, a significant portion of consumer consumption still occurs offline. This sector, boasting a market size of approximately $25 trillion, often lags in technological advancements. Carry Protocol emerges as a solution to three primary challenges in offline commerce: fragmented and incomplete customer data for merchants, lack of consumer control over personal data, and outdated, ineffective offline advertising methods​​.

The Carry Protocol has set three primary objectives to address these issues: firstly, to provide a platform for merchants to understand better and communicate with their customers; secondly, to empower consumers to control and monetize their transaction data; and thirdly, to offer a practical and transparent advertising channel. Integral to Carry's success is the experience of its team, led by the founders of Spoqa, who have developed Dodo Point, a leading tablet-based loyalty platform in Korea and Japan. This team’s expertise in offline commerce, coupled with Spoqa's merchant and consumer base, positions Carry to make a significant impact in the market​​.

Resources

Whitepaper: https://carryprotocol.io/static/docs/Carry_protocol-white_paper%28ENG%29.pdf?cachebust=56ce7d511bc65d0aee3d8ba2b2d5c876

Official Website: https://carryprotocol.io/

How Does Carry Work?

Carry operates as a blockchain-based platform facilitating interaction and communication between merchants, consumers, and advertisers. Its framework consists of two primary components: the Carry transaction database and Carry smart contracts housed within the blockchain, and a set of APIs that integrate this blockchain with third-party software. The transaction database stores consumer-generated data, while the smart contracts support the issuance and utilization of tokens (CRE and BT) within the Carry Protocol. The APIs, namely the Carry wallet API and Carry device API, enable wallet apps to support the Protocol, allowing consumers to manage their cryptocurrencies and control their transaction data and privacy settings. Furthermore, the device API lets store devices support the Protocol, facilitating cryptocurrency payments and transmitting payment data to consumers' wallets​​.

What Is CRE Token?

CRE is the native token of the Carry Protocol. With a total supply of 10,000,000,000 tokens, CRE enables access to various features. It is used as a reward for consumer advertising service providers or wallet service providers who conduct ads on the Protocol using its transaction data. CRE also functions as a means of payment, an asset that can be traded on exchanges and used in stores like any other cryptocurrency.

What Determines Carry's Price?

The price of Carry's native token, CRE, like many other cryptocurrencies, is influenced by a confluence of market dynamics, technological advancements, and investor sentiment. In the fast-evolving landscape of blockchain and cryptocurrency, the value of tokens such as CRE is often determined by a combination of factors including market demand, supply mechanisms, project development, and broader crypto market trends.

Market demand for CRE is directly influenced by the adoption and usage of the Carry Protocol. As more offline merchants and consumers engage with the platform, leveraging it for transactions, data sharing, and advertising, the utility and demand for CRE naturally increase. This demand is further bolstered by the unique features of Carry, such as enabling consumers to control and monetize their transaction data, which can attract a broader user base interested in data privacy and rewards. Moreover, partnerships and integrations with other platforms can enhance the visibility and utility of Carry, thus potentially driving up CRE's value.