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Think about you need to public sale a precious merchandise, similar to a high-end laptop computer, or perhaps a 55-inch Sensible TV. You’ll probably flip to eBay to listing your merchandise and search for consumers. Until you’re a kind of who’ve already been scammed up to now decade.
There have been numerous studies of individuals shopping for a product and by no means receiving what they paid for — they both obtain an affordable knockoff, a a lot older merchandise or nothing in any respect.
Ethbay, nevertheless, is ready to disrupt the net public sale market with its secure and dependable platform, constructed on a blockchain. In follow, it really works very equally to eBay — sellers can public sale no matter product they want, so long as it’s not unlawful, and consumers can bid on no matter they need, providing an quantity of their selection.
Registration is so simple as it will get — no consumer info required. Patrons and sellers might select so as to add their e-mail addresses to be notified of any modifications within the merchandise they’re bidding on or promoting, however it’s not required. Two-factor authentication can be accessible and customers can decide between utilizing a QR code or a textual content message affirmation. Once more, this isn’t required.
The most important game-changer for Ethbay is the way in which the staff ensures the safety of everybody concerned. In instances the place the merchandise marketed doesn’t correspond to the merchandise obtained, each events can be given an opportunity to resolve the matter amicably.
When no decision is reached, the Ethbay staff will then intervene and assess all the small print relating to the case. Due to the blockchain know-how, the decision staff may have the ability to reassign the funds again to the customer, if wanted. Sooner or later, this decision course of will transition over to a decentralized course of which won’t require human intervention.
Not like conventional on-line public sale platforms, Ethbay doesn’t cost any itemizing charges which suggests you possibly can public sale as many merchandise as you need. A 1% charge is charged solely as soon as the public sale is accomplished. Nonetheless, the charge is shared amongst all token holders, as a substitute of reverting to the staff.
The platform will run by itself token, the EBY token. With Ethbay’s ICO at the moment working till August 7, traders can purchase one of many accessible 80 million EBY. Throughout its ICO, 1 ETH provides you with 5000 EBY. Till June 14, traders will obtain an extra 15% bonus, whereas purchases made after that date and till June 21 will award 10% bonus.
Ethbay will start its advertising marketing campaign in August by which members may have an opportunity to win EBY rewards. The beta launch of the platform is deliberate for November throughout which Ethbay can be holding a bounty hunt program. Solely three months later, the principle launch of the platform is predicted, for February 2019.
The platform has larger plans than turning into the blockchain eBay, although. As soon as its platform is established, Ethbay plans on reaching out to different markets which can profit from utilizing blockchain know-how.
Come April 2019, discovering a contract gig can be simpler and safer than ever with the launch of Ethbay Providers. The staff plans on launching a market platform to permit customers to obtain Ethereum funds in alternate for companies — one thing alongside the traces of Upwork and Fiverr.
Because it occurs with its public sale platform, this part will permit freelancers and employers to ascertain contracts with peace of thoughts, understanding the Ethbay staff can intervene at any time.
At a later stage, token holders may also have the ability to take part in choices relating to the undertaking. All those that maintain over 200.000 EBY may also have the appropriate to submit proposals to be voted by the group.
All in all, Ethbay is ready to alter the way in which on-line peer-to-peer transactions are achieved, giving an answer to a decade-long drawback. About time, I’d say, and I’m certain a lot of you’ll agree, too.
To search out out extra in regards to the Ethbay platform and it’s ongoing ICO, go to www.ethbay.co