Whitepaper

Welcome to Noodleshop, a platform that provides a simple and secure way for vendors and consumers to transact online. Our goal is to create a foundational commerce system that is affordable and can be expanded in many directions. In this white paper, we will discuss what Noodleshop is, why we are building it, what it will provide, and our vision for the future.

What is Noodleshop?

Noodleshop is a platform that allows vendors to post services and consumers to interact with those posts to request services. Once an agreement is formed, both parties can sign and validate its contents, and the purchasing party can send funds or an agreed % to the escrow service for proof of funds holding. Upon work completion, the purchasing party can validate the delivery and approve the transaction, and the funds can then be automatically disbursed. Noodleshop provides a single point of contact with verifiable vendors across hundreds of different skill sets, all operated with the safety and automation of the blockchain. There will also be arbitration services available to help settle disputes when needed.

Why are we building Noodleshop?

As a team, we have found ourselves in far too many situations where we needed a specific skill set for a task with nowhere to go to find it. Often times we were scouring Twitter or other social platforms to find someone who had experience doing what we needed. Everything from illustrations, to voiceovers, development, or web design seemed hard to come by. Even when we did find someone, it was difficult to establish the trustworthiness of these acquaintances and the validity of their work. Thus the idea of Noodleshop was born.

What will Noodleshop provide?

Noodleshop will provide a secure and reliable platform for both vendors and consumers to transact online. With verified funds and agreements, hassle-free payments, easy access to verified vendors, flexible payment options, transparent communication, a dedicated support team, increased variety, inspiration for creativity, customized services, access to top professionals, time and cost-effectiveness, secure storage of personal and payment information, multiple service categories, and easy-to-use interface, Noodleshop is an excellent choice for those looking to purchase goods or services online.

What is our vision?

Our vision for Noodleshop is to be a Craigslist of Web3 but with the massive benefits of new age technology. A system that allows us to utilize different experiences for different users. A system that is agnostic to how the selling party and purchasing party wish to operate. Our goal is to create a platform that allows for seamless interactions between consumers and vendors, regardless of their technical knowledge or preferred payment methods.

Let us paint a picture:

Imagine a situation where a consumer named Jane Doe needs help building a website for her handmade ornament business. She has no idea what crypto is, let alone NFTs, but is comfortable using credit cards online. On the other hand, a vendor named Claire White designs and creates professional websites, and her preferred payment method is always BTC as she is constantly moving around the world exploring. Typically, these two parties would never have the ability to work together as their means of doing business and understanding of currency is very different. Noodleshop's systems would have a front-end that is designed for Jane, one that feels familiar with other website interactions that she has had. Agreements would automatically be converted into her choice of currency. For Claire, even though the purchasing party paid with a credit card, those funds would be swapped into BTC for the selling party.

Cost to operate and how Noodleshop will make money:

Our goal here is to be a very low friction system. One that is operated by the underlying technology and can allow consumers and vendors to interact at the lowest costs possible. Each completed transaction will result in a small fee being disbursed to the project vault. This fee can be configured to be vendor paid, consumer paid, or even decreased to a lower rate by utilizing Noodleshop's reward system. This reward system will enable users to accrue tokens for Noodleshop utility, which can be used for discounts, staking for the native token of Noodleshop, and other platform benefits. Additionally, Noodleshop will offer future games and competitions that will allow users to engage with the platform in new and exciting ways.

Conclusion:

Noodleshop is the perfect solution for anyone seeking a secure and simple way to conduct transactions with verified funds and agreements. It provides an easy-to-use platform that securely stores funds and verifies agreements, ensuring that transactions are secure and funds are safe. With access to verified vendors across hundreds of different skill sets, hassle-free payments, and arbitration services available to help settle disputes when needed, Noodleshop is a must-try for anyone looking to purchase goods or services online. Sign up now and start taking advantage of all that Noodleshop has to offer!