TRON-based Poppy Beats Soft Cap in Under a Day!
In less than 24 hours, SEEDGerminator’s first project, Poppy, outdid its soft cap of 500,000 SEED and is now rushing towards its Hardcap of 8,000,000 SEED.
— Poppy (@PoppyPos) September 18, 2018
With the support of the community, the project has reached the bare minimum needed for it to be launched. The funding is still open and would remain open till it either hits the hard cap or the time expires. Seeing how quickly it met the soft cap, it wouldn’t be surprising to see it hit the hard cap in just a few more days.
SEEDGerminator itself would be supporting the project by committing an extra 200,000 SEED to it. For every SEED invested in the project, investors would get 5 Poppy tokens, the maximum supply of which would be determined later by the quantity of TRX and SEED tokens that have been contributed to the project.
Also Read: TRON SR Sesameseed Holds Inaugural Meetup
The project Poppy is a Point of Sale (POS) system which comes with an integrated TRON payment processing system. Leveraging a robust POS system using the functionalities provided by Clover POS, the system aims to fully integrate retail sales to TRON’s blockchain functionality.
As per the Medium blog explaining the project:
“Poppy will provide its customers an easy to implement Tron payment integration on the Clover POS platform. Enabling customers to purchase items in TRX or basic Tron tokens at the retail will provide the customer a more robust experience will significantly reducing the transaction fee’s of traditional credit based payment methods. Seamless in-store and online ordering for clients, and a minimal barrier to entry for vendors will immediately open tron to hundreds of thousands of retailers.”
The blog then talks about customer fulfillment:
“Leveraging the Tron blockchain, customers will enjoy the same retail experience they are used to, with the added benefit of accepting TRX and Tron Tokens. The point of sale will allow retail purchases utilizing Tron across a variety of methods including a Tron wallet, Tron style Card “TronCard” or the Seedit platform and application. Seedit opens Poppy to social media by allowing twitter, telegram, Reddit and other platforms to act as viable payment methods.”
Discussing the community and market impact of the project, the blog states:
“By allowing seamless integration with the Tron blockchain, Poppy will enable customers to interact with retail in ways that do not currently exist in POS platforms today.
In addition to traditional payment methods (Visa/MasterCard/Cash), retail customers will be able to purchase goods and services by utilizing the blockchain in several ways including Social Media and the Seedit platform, Tron wallet transfers and the Poppy “TronCard”.”
Further explaining it, the blog states:
“Utilizing Poppy, a customer vendor relationship can bridge the point of sale and social media divide. Vendors may interface with their community by leveraging Seedit to provide discounts; complimentary items, “gift cards” and rewards on the blockchain, always visible to the POS.
The open nature of the distributed ledger facilitates an environment in which Vendor and Customer anonymity is possible, while still allowing vendors to reward loyal customers.”
While it goes without saying the community would benefit a lot from the project, the blog explains how the “greater” community would be benefitting from the project by saying:
“The greater Tron community will have a truly interactive ecosystem in which to use TRX and Tron based tokens in ways no other cryptocurrency can offer today. The utility of the Tron Network can potentially offer a more robust use case in retail than other blockchains by leveraging social media channels and anonymous customer data mining on a fast, inexpensive network.”