Table of contents

1. General information about Avacus 

 1-1 About Avacus

 1-2 What is “Shopper” and “Buyer”?

 1-3 Shopping system

 1-4 How Amazon products can be purchased with discounts

 1-5 Buyer’s benefits

 1-6 About the accepted currencies

 1-7 About the voting system (AvacusVote)

 1-8 About Fee


2. Registration and other settings

 2-1 Avacus registration steps

 2-2 2-step verification set up

 2-3 Deposit cryptocurrency

 2-4 Cryptocurrency withdrawal

 2-5 Change the password

 2-6 Check transaction history

3. Shopper

 3-1 How to become a “Shopper”

3-2 Notes on Shopper side of transaction


4. Buyer

 4-1 How to become a “Buyer”

4-2 Notes on Buyer side of transaction


1. General information about Avacus

 1-1 About Avacus

 1-2 What is “Shopper” and “Buyer”?

 1-3 Shopping system

 1-4 How Amazon products can be purchased with discounts

 1-5 Buyer’s benefits

 1-6 About the accepted currencies

 1-7 About AvacusVote

 1-8 About Fee


1-1 About Avacus

Avacus is an innovative payment service that connects people who want to shop with discounts using cryptocurrency (Shopper) and people who want to get cryptocurrency easily (Buyer)!


1-2 What is “Shopper” and “Buyer”?

Avacus matched 2 groups of people who are in opposite needs. “Shopper” and “Buyer”


■People who want to shop with cryptocurrency for a good deal (Shopper)

 ・Shop with crypocurrency with a discount (1%~50% discount rate)

 ※Discount rate can go up to 50% depending on user level


■People who want to get cryptocurrency easily (Buyer)

 ・By elliminating difficult and time consuming registration processes such as mailing documents, people can easily get cryptocurrency ・Effectivly utilize Amazon gift card and points


 1-3 Shopping system

In Avacus, people can shop using Amazon’s wish list feature.


Simple transaction steps are as follows:


■Shopper

Deposit: First, shopper will deposit necessary amount of cryptocurrency into the Avacus wallet

Make a wish list: Shopper then creates “wish list” on Amazon and lists the items on Avacus within the price range of their cryptocurrency deposited in Avacus wallet

List an offer: Then, create an offer on Avacus using the Amazon wish list URL


■Buyer

Chose an offer: Buyer, who wants to get cryptocurrency will chose an offer listed by Shoppers (③)

※At this point, cryptocurrency for the item price will be on hold from Shopper’s wallet⑤Make a purchase: Buyer will purchase the item listed by Shopper on behalf on Amazon and select a shipping address set by Shopper⑥Notify the Shopper: After completing a purchase on Amazon, Buyer will notify the Shopper with order number and wait for the receiving notice from Shopper

Delivery confirmation: Upon items delivery, Shopper sends confirmation of delivery to Buyer

Rating: Rate each other and complete the trade

Buyer receives cryptocurrency: Item price that was on hold will automatically be transferred to Buyer’s wallet and transaction is successfully completed


 1-4 How to shop on Amazon with discount

When listing an offer, Shopper can set a discount rate in the rage of 1% to 15%. (Depending on user level, Shopper can select discount rate up to 50%)For example, when Shopper lists an offer for an item that is 1000 yen, Shopper sets the discount rate to 15% and Buyer takes this offer.

Shopper will receive item that is worth 1000 yen, but only pays Buyer 850 yen worth of cryptocurrency (85% of 1000 yen)On the other words, Buyer purchased an item that is 1000 yen but only receives 850 yen.

This 150 yen difference is not paid by Avacus. Simply, Buyer bears the discount portion of the cost.So, why does Buyer want to take an offer at Avacus even paying for the discount? It will be explained in the next chapter.


 1-5 Buyer’s benefits

At first, it may seem that Buyer is getting a bad deal and losing money.But Buyer actually has the benefit of taking these offers even paying for the discount.


■Easy process

Cryptocurrency is usually purchased at the exchanges.

However, in order to start trading at exchanges, it often takes a complicated and time consuming process like mailing of documents which takes a few weeks.

But with Avacus, registration is completed on the same day with just an email address, anyone can get cryptocurrency very easy through shopping on Amazon.


■Various payment methods

Since Buyer can get cryptocurrency by purchasing items on Amazon, Buyer can use any payment methods available on Amazon.Current available payment methods on Amazon besides cash are:


 ・Credit Card

 ・e-money

 ・Amazon Gift Card

 ・Amazon Points


https://www.amazon.co.jp/gp/help/customer/display.html?nodeId=642946


Amazon Points, Gift cards and e-money tend to be limited due to expiration dates and limited use, but becoming a Buyer on Avacus these payment methods can be used more effectively.In addition to that, by using Credit Cards or Cashback websites, Buyer could earn points and/or Cashback from shopping.


■Earn rights to vote for future service (AvacusVote)

Avacus has a system called AvacusVote.

This system is a new method to acquire the voting rights according to the number of trades on Avacus.

The voting rights can be used for voting to decide future services such as the “New Trading Currency Vote” which is held a few times a year.

※About AvacusVote

※About new currency voting


 1-6 Available currency

Although Avacus was only available for “Bitcoin (BTC)” trading at the beginning of service in December of 2017, in March 2018 the original token “VACUS” became available trading, and then in June 2018 “BCH” was chosen by “First New Currency Voting” and “MACROSS.7-READING-” used “Sponsor System” to be adopted as a trading currency respectively.

Just like this, Avacus’s trading currency will continue to be added one after another.※Two ways to be added as a trading currency “New Trading Currency Voting” and “Sponsor System” (as of June 17th 2018)

※About “Net Trading Currency Voting”

※About “Sponsor System”


 1-7 About the voting system (AvacusVote)

Avacus has a voting system called AvacusVote.

In this system, a maximum of 20 votes are given to users who meet the conditions, and by using these voting rights, users can participate in Avacus’s “New Trading Currency Voting” and other important operational decision making processes.

By gathering a lot of votes, Amazon’s shopping with the currency of the user’s choice can be realized.

※Details of the voting system including conditions to gain voting rights


 1-8 Fee

■Avacus Transaction Fee

“10% of the discount amount” of each transaction is “paid by Shopper”.


Example: Trade completed for 1000 yen item with 15% discount.

Item Price = 1000 yenDiscount Rate=15%Discount Amount =1000 yen ×15%=150 yen

Fee =150yen ×10%=15 yen


-Steps-

①Buyer pays Amazon 1000 yen

②Shopper receives item in 1000 yen value

③Shopper pays=865 yen(Item price 1000 yen-Discount amount 150 yen+Fee 15 yen)

④Buyer receives=850 yen(Item price 1000 yen-Discount amount 150 yen=850 yen)

⑤Management receives=15 yen(Fee)


※③④⑤are written in yen for the convenience, but it is actually a transaction in cryptocurrency.

※In the case of this example, the transaction fee is roughly 1.5% of the item price.※75% to 100% of this transaction fee will be given to the VACUS holder as a dividend.

※About dividend

※About VACUS


■Currency Transfer Fee (Transaction Fee)

①When a deposit is made from the external wallet to the Avacus wallet, a transfer fee that is set by the external wallet will be charged

②Withdrawals from the Avacus wallet to an external wallet will incur a transfer fee of 0.0005 BTC for BTC and 2 VACUS for VACUS will be charged. (as of June 17th 2018)③There is not a transfer fee from Shopper to Buyer at the time of completion of the trading. No transfer fee will occur due to transactions being within the same network (off chain).

※Because of the nature of blockchain transactions, transfer fees may vary depending on the network congestion.


2. Registration and other settings

 2-1 Avacus registration


 2-2 2-step verification set up


 2-3 Deposit cryptocurrency


 2-4 Cryptocurrency withdrawal


 2-5 Change the password


 2-6 Check transaction history


 2-1 Avacus registration

Registration steps for Avacus


■Registration steps

①Visit https://avacus.io/

②Click “LOGIN” icon at the upper right corner of the site.

《image》

※On your smartphone, click “LOGIN” icon at the upper left corner

《image》

③Select and click “Sign Up” tab on the upper right.

《image》

④ Type in your “email”, “username” and “password”, then click “Sign Up” at the bottom.*email and username can not be changed. Only password can be changed.

《image》

⑤After registration is completed, the screen will change to what it looks like below

《image》

⑥Open an authentication email sent to the registered email address.⑦Click “VERIFY YOUR ACCOUNT”

《image》

⑧Registration is complete. Use registered info “username” and “password” to log in.

《image》


 2-2 2-step verification

Please set up 2-step verification such as “Google Authenticator” and “Authy” to avoid unauthorized access to the account.


■2-step verification set up (Google Authenticator or Authy)

①Download Smartphone app


Google Authenticator[iOS]

https://itunes.apple.com/jp/app/google-authenticator/id388497605?mt=8

[Android]

https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=ja



Authy

[iOS]

https://itunes.apple.com/us/app/authy/id494168017

[Android]https://play.google.com/store/apps/details?id=com.authy.authy



②On Avacus website, click username on the upper right corner of the screen, then click “Setting” from dropdown.

③Click “Security” from the menu on the left

《image》

④Click “Enable Two-Factor”, then enter “Password” for login and click “Enable”

《image》

⑤Click the address part when the screen below is displayed. ※If you click “x” on this screen, you may not be able to login due to authentication failure.

《image》

⑥When the QR code is displayed on the screen, launch “Google Authenticator” or “Authy” on the smartphone and scan the displayed QR code. ※Caution: if you leave this screen before scanning, you won’t be able to login.《image》

⑦This completes the 2-step verification setting. For future login, use the 6 digit number displayed in “Google Authenticator” or “Authy”.


※After completing the 2-step verification setting, you will only be able to login using the code provided to the device that scanned the QR code ※You won’t be able to login in if your smartphone is lost, stolen or broken. Be sure to keep a backup


■How to Back up

・Scan the QR code with multiple smartphones or tablets.

・Print or screenshot and save the QR code.


※To cancel 2-step verification, undo the set-up process to disable.

※Please contact support if you are having problems with login due to 2-step verification trouble, such as a lost or broken smartphone.


 2-3 Deposit cryptocurrency

To create an offer as a Shopper, a deposit is necessary in advance.


■Deposit steps

①Click on username on upper right corner of the screen, then click “wallet” from the dropdown.

《image》

②Click “BTC Wallet” then select currency to deposit from the dropdown.

《image》

③If you agree with the notice, click on “Agree and Show Address”④Your selected currency’s Avacus “Wallet Address” will be displayed here.

⑤Send currency to the displayed address from the external wallet.


※By clicking “Confirming”, the transaction ID and number of remaining approvals can be checked

 ※Please check your external wallet fee when you make a deposit into Avacus wallet

※Transfer speed is based on the characteristics of the blockchain

※Please be extra cautious and make sure to use the correct address to send funds, since losing funds due to address mistakes (sending VACUS to BTC address, or sending BTC to VACUS address) will not be able to be recouped


 2-4 Cryptocurrency withdrawal

Funds withdrawal procedure from Avacus wallet to external wallet.


■Withdrawal procedure

①Click on username on upper right corner of the screen, then click “wallet” from the dropdown.

《image》

②Click “BTC Wallet” then select currency to withdraw from the dropdown.

《image》

③Enter “Amount in ~selected currency~” and “Your ~selected currency~ address”, then click “request withdraw”

④A 6 digit confirmation code (Approval Code) will be sent to the registered email address. ※In the case of not receiving the confirmation code, please check “ Spam folder”⑤Enter the confirmation code and click “withdraw” to complete withdrawal process.


※By clicking “Confirming” you can check transaction ID and number of confirmations.

※Transfer fee for withdrawal fluctuates depending on the congestion and other situations of the network.

※Transfer time depends on the characteristics of the blockchain.※If you make a mistake in address to withdraw, it will not be retrievable. Please pay extra attention when you are making a withdrawal.


 2-5 Change the password

①Click on username on the upper right corner of the screen, then select “setting” from the drop down②Click “Change password” from the menu on the left

③Enter necessary information according to the screen and click “Change”

※Only the “Password” can be changed from registration information. “Email address” and “username” can not be changed.


 2-6 Check transaction history

①Click on username on the upper right corner of the screen, then select “setting” from the drop down②Click “Transaction history” from the menu on the left

③Transaction history is available by each currency, and separated by Shopper and Buyer


3. How to become a Shopper

 3-1 How to start as a Shopper

Please refer to this video

https://www.youtube.com/watch?v=XA97JJXsqUg

3-2 Notes on Shopper side of transaction

■Please confirm the contents of the offer

・Is your wish list setting “Public” or “Shared”?・Did you set up the “Shipping Address”?

・Is there any mistake in the number of items, color, size, etc.?

・Did you check the agreement box of “Third party shipping agreement”?

・Did you select the correct trading currency?


■Please take responsibility to complete the offer that was accepted

・Please “Confirm Received” and rate the trade as soon as the item arrives.

The currency of the price will be paid to Buyer when Shopper confirms that the item has arrived.

・In case of issues such as misplaced delivery, misplaced ordered, etc., it should be resolved with communication between the two (Shopper and Buyer), please try to solve the issue with responsibility until the conclusion.


4. How to become a Buyer

 4-1 How to start as a Buyer 

Please refer to this video

https://www.youtube.com/watch?v=lJVpy9ZsYc8


4-2 Notes on Buyer side of transaction

■Please confirm the contents of the offer

・Is there any difference in the contents of the offer, such as item, quantity, shipping fee, etc. when making a purchase on Amazon?

・Did you correctly select Shopper’s address (gift address)? (Make sure you did not select your own address by accident.)

・Is there any problem with the scheduled arrival date for the item? (Cryptocurrency transfer will take place when Shopper confirms that the item has arrived.)


■Please take responsibility to complete the offer you accepted

・If you did not make a purchase after accepting an offer, please “Cancel Offer” promptly. (It will be automatically canceled if you do not make a purchase within 1 hour.)

・The trade is completed when you receive “Confirm Received” from Shopper, but please be sure to provide “Rating” after completion.・In case of issues such as misplaced delivery, misplaced ordered, etc., it should be resolved with communication between the two (Shopper and Buyer), please try to solve the issue with responsibility until the conclusion.


■Please be mindful to complete transaction promptly

・Completion of the trade and cryptocurrency transfer will take place when Shopper receives the item. Buyer should keep the following in mind so that Shopper can receive the item promptly.


①Notify shopper of the expected arrival date

Usually, “Delivery Date” is displayed when order is completed at Amazon. Please send this to Shopper via message.

②Add the Tracking ID

When the shipping process is completed, confirm the “Tracking number” from [Order History]⇒[Check Delivery Status] on Amazon. Add the “Tracking ID” and select the shipping company from “Add Information” on the right side of transaction screen on Avacus.

Shopper can check delivery status and scheduled arrival date based on this information.