Slake Takes the Food Tech Industry by Storm with a Focus to Change the Way Business is Conducted Through Web3
Through the business minds that make up Slake, the team found a way to take the food tech industry in a new direction by implementing Web3 blockchain technology, optimized for payment processing, into an ecosystem and app.
SAN FRANCISCO, Aug. 30, 2022 /PRNewswire-PRWeb/ -- These days, many applications in the food delivery sector have been commanded by the big four in the United States: UberEats, DoorDash, Postmates, and Grubhub. All four of these useful apps have something in common—pay and wait for your food delivery, but they all also have one common flaw. The commission rate fees attached to every delivery can exceed 30% or even 40% at times, which is unacceptable and concerning, especially to restaurants, food vendors, customers, and delivery drivers involved with the transaction. While this example is focused on the United States, similar apps around the world follow the same practice. Luckily, Slake (Slake It LLC) is pioneering innovative solutions to address these issues and open up new doors and opportunities. Slake It LLC is a registered business in the State of Delaware.
Through the ingenious business minds that make up Slake, the team found a way to take the food tech industry in a new direction by implementing Web3 blockchain technology, optimized for payment processing, into an ecosystem and app. This will not only minimize the commission fees of the current options of apps in the industry, this would also introduce the world of blockchain technology to a variety of customers. A fair and reasonable ecosystem, where the customers, drivers, and restaurants are making and saving the most amount of funds possible, will be created. The future Slake app will surely offer credit, debit, Apple Pay, and Google Pay options for ease of use, but will also offer a cryptocurrency payment option—using Slake's own future blockchain with popular coin options as payment, such as BTC, ETH, and, of course, $SLAKE. The Slake token had its ITO (initial token offering) on Friday, August 26, 2022 (contract: 0x9C2500CfD2f1De40255Cee5EC8AdA6466E1eddf1). At the time of this writing, the token is up approximately 1,400%. The Slake token will be an Ethereum (ERC-20) based cryptocurrency at first, then will slowly merge into Slake's proprietary blockchain and become the native coin. Proper measures to ensure cyber security and safety will be in place to ensure peace of mind for holders. The smart contract was developed by the well-known team at Brewlabs.
The Slake app will feature not only just food delivery, but a number of other technologies to provide multiple streams of revenue. One of them is a loyalty rewards program integration, which allows users to generate rewards every 24 hours to earn discounts on delivery fees, partnering restaurants food prices, and driver fares. There will also be an opportunity for users to opt in for the premium membership of the Slake app, which will allow users to obtain more rewards generated every 24 hours, more frequent discounts on deliveries, and more frequent discounts on driver's fares. While this is still in the works, there will definitely be multiple features on the app. Stay up to date by visiting the links below or slake.it.
Connect with Slake on Social Media
Twitter: https://twitter.com/slakeglobal
Instagram: https://www.instagram.com/slakeglobal
Facebook: https://www.facebook.com/SLAKE-111417994965488
LinkedIn: https://www.linkedin.com/company/slakeglobal
Telegram: http://t.me/slakeglobal
About Slake
Slake aims to disrupt the food service industry by developing an ecosystem for businesses and applications in the food service tech industry, such as payments, orders, delivery, reservations, loyalty rewards, and more. In an industry plagued by unreasonably high fees and slim margins, the goal of Slake is to foster a fair marketplace to ensure a positive experience and environment for all partners involved. In the future, as noted on the project roadmap, a proprietary blockchain that's optimized for payment processing will be developed, opening doors, lowering costs, and providing multiple streams of revenue to fuel growth for the company.
For questions or inquiries, please contact us [email protected] or visit our website at slake.it.
Media Contact
Ian Slake, Slake, 1 6507134550, [email protected]
SOURCE Slake
Share this article