“Slidr works by getting users to reveal a hidden price on their chosen item by using pre-purchased credits. Once the price is shown, users have 15 seconds to decide on whether or not to go ahead with the purchase before the price is hidden again. As more people click on the item, its price continues to plummet down, subsidised by the crowd’s collective credits”
“The user gets a great price from the start,” explains Slidr Co-Founder Fouad Assaf, a serial entrepreneur who founded and sold his first start-up in 1999. “We guarantee the starting price is lower than the RRP, but HOW much lower depends on how many people slide for it. It’s a fun way to shop that allows users to get fantastic value for exclusive items, and is basically a gamble that you can’t lose.”
“We’re an entirely new e-commerce proposition focusing on aspirational products and experiences, powered by our algorithm which analyses consumer behavior patterns and decides on the price drop accordingly,” says Marwan Salem, Slidr’s Co-Founder. “This is a place where users will be able to acquire the latest trendy, innovative lifestyle items at guaranteed reduced prices, but also have a lot of fun in the process.”
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