ComTechX is a platform that engages individuals in an environment that opens up the opportunity to have a more rewarding and level playing field from any location in the world.
We all are seeing big changes in the world brought together by communication and connectivity from many locations around the world and when all these factors come together there is activity that pushes progress in the hope of making a better world.
This activity, whether it's highly bubbling away or just passively working away in all different locations around the world there are individuals involved who all have a desire to climb to a level that captures ways to harness benefits these extraordinary times can bring together.
Individuals in all locations are continually looking for ways to take a step forward and upward that can bring some sort of benefit and we believe that this activity can now produce a world commerce mechanism that can really benefit an individual and their local environment.
This mechanism is what we call Location Activity Commerce (LAC) and it combines all the strengths to produce a scalable global game mechanics to all levels of commerce that can filter down from manufacturing, wholesaling, retailing to you as an individual.
This game mechanism is called "LA Deal Prices" and it stands for Location Activity Classic Deals
LA Deal Prices are where "local brick & mortar businesses" list new products and services for their local buyers to win by using simple strategies to eliminate other buyers and then only pay less than 20% for the item, that's more than 80% off the retail price, every time guaranteed, while the business still receives the full 100% of the listed Recommended Retail Price.
. . .
and it's only available to members.
Each LA Deal Price is open for a business's "local customers" to register in the unique bidding process against other local bidders and OMM (Open Market Maker) bidders who can only bid but not collect the item.
Even if a "local" bidder wins they might immediately list the item on the Open Market in the same way any winning OMM bid is processed to the Open Market for any local customer to buy at the winning bid price.
Businesses can list bulk quantities of products and services on the ComTechX platform for processing by registered OMM bidders and have items available for local ComTechX members to buy at the LA Deal Price of more than 80% off the listed retail price (RRP / SRP).
Too good to be true!
Well LA Deal Prices are not like a typical buying process or a daily discount coupon sale where the business sells products or services at heavily reduced prices and hopefully get enough in sales to keep the doors open while still trying to supply quality and service.
LA Deals use our "Buynation" process that can offer a business a supply channel to receive full retail price in a market of demand where buyers will pay only a fraction of the listed retail price: you could say, it's where supply & demand meets modern technology, and where both buyers and sellers are winners.
With LA Deals the business can even sell in bulk and still receive the full retail price for each individual item sold on our Open Market platform where the local buyers pay less than 20% of the Retail Price.
Are you a business and want to know more?
The number of listed products means that buyers can have many active bids running all at once. A buyer can add a list of items they are interested in and have multiple active bids running at one time with different businesses.
LA Deals aren't about trying to get bidders to commit prices that need to meet the sellers reserve price but it's about eliminating other bidders using only small bids and so there's no long drawn out periods only to be beaten by a "Johnny come lately" who wins with a late bid.
As with typical auctions there is only one winner but with LA Deal Prices bidders who get further along the Call Stages each receive Gold Passes so they can have the advantage of "early bird" releases of products and services in their local area, which are processed via our OMM (Open Market Maker) business group who bid for bulk items that then go to the Open Market for "local" ComTechX members to buy at the LA Deal Price price.
This is where those with Gold Passes have a 24 hour window to buy at the LA Deal Prices if they are able to go to the store, get it sent within the stores trading zone, and if there are still items not purchased by Gold Pass holders the items will be available on the shelf in the store for ComTechX members to buy still at the LA Deal Price.
Each LA Deal Price is first shown and introduced to the local market from between 24 hours up to 30 days giving time for bidders to register, followed by the buynation process that is completed in 15 minutes.
LA Deals adds security between the buyer and the seller by holding the payment in escrow from the business until the winning bidder receives or it's confirmed the product or service is received to the satisfaction of the buyer, there's also reviews that can be added to help rate the business and products and services for other buyers.
All bidders keep their currency bids and these funds are returned to their BataCredit account for other buys, less a small 2.5% LAT (Location Activity Tax) fee that adds to the social distribution platform and location activity
- LAT is continuosly distributed through the portfolios that members can build by buying Location Tokens and benefit from all the commerce activity linked to each Location.
Any KML credits used on each Call stage are "spent" temporarily until the Deal is finished, then all KMLs 'spent' in each Call are added together and then distributed evenly back to each bidder who participated in that Call.
- any un-used KMLs in each Call is returned to the bidder's account to use again.
Bidders who reach the various Call levels before being eliminated are then credited with a distribution of KML Credits that are collected during each LA Deal Price, which could be less or greater than the amounts added prior to the Open Call, and the top bidders also receive Gold Passes that can be spent for the early bird deals on the Open Market.
If a local winning bidder decides they don't want the item they can immediately list the item on the Open Market for a Gold Pass holder to buy. The winning bidder will earn an extra 25% margin over the winning bid value less 2.5% LAT (Location Activity Tax) on the winning bid value.
Buyers can activate their account and buy BataCredit cards from the local store to fund their account then join in with the stores LA Deals or other local deals that are happening on the ComTechX Platform.
LA Deal Prices are a way for local media to reclaim their lost territory
|