At its core, oath is a network product. What that means is as more users come onto oath and more transactions are protected by creating oaths., The overall safety of the network grows larger.
Both has two main types of customers. There is an easy side and a hard side to the network. The hard side of the network are the moderators and administrators who will oversee disputes between people. They are the hard side because they put in more work, will be rewarded, monetarily, And provide a service that is crucial to the function of the platform on the other side are the buyers, sellers, and traders in a nutshell these are consumers whose main purpose of using oath are to protect their trades and create legally binding contracts between both of them.
Like most network products oath revolves around one singular important use case which is creating secure contracts of trust and protection. Similarly, other network products like zoom allow for video meeting. Tinder allows for finding a date, and Uber allows you to get a ride.
The most important part of the product will be catered towards group administrators and moderators and solving their needs. Right now there is a gaping problem for group administrators and moderators on social media platforms because they’re fraud prevention work happens endlessly this is because the social media platforms do not prevent fraudulent users from creating new accounts. Both big cell is making these moderators lives easier and ensuring that the work they put in means something and is actually effective.
While we need to create a fantastic product for our hard side of moderators, the easy side of traders needs to be perfected as well. Most importantly, we need to ensure that the referral and on boarding process is as simple as possible. Similar to how zoom expanded rapidly by allowing video conferencing to occur with just the sending of a link. Oath should be the easiest way possible to send a legally binding contract from one person to another. It should be similar to DocuSign and how businesses can send contracts to other partners, but it should be drastically easier to understand read and interact with.
The initial product launch should be focused around perfecting the core action of creating, maintaining, and protecting these oaths at the same time as we move from platform to platform and niche to niche, we can add new moderation in group administrative features based on the platform
Oats product idea is extremely simple, it facilitates trusted and protected transactions between two parties. At the same time, it simultaneously brings together an army of moderators and information on traders and scammers supercharging it’s simple value proposition.
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