Pls, do not virtually arrest me, Im not a actual ambassador of "BUMO" but i do want to talk about it. So while your taking me to the police station im going to keep spouting .
BUMO! BUMO! BUMO!
Hey, you there! Have you ever heard of Bumo! Its purpose is what i like so much, Simply to say Bumo intends to decrease the cost when trading across platforms, by using smart-contracts.*
If your a atleast 1-week old steemit user, you would have encountered Blocktrades? If not simply to say when you trade there expect to lose just 1% of what you traded.
1%!!!
Yeah i think exaggerating too much, but do not that the lowest cost iv'e ever encountered transferring funds to other platforms is 1%. Some can go as high as 25%!
The purpose of Bumo is to use methods such as smart-contracts to even bring down the cost lower than 1%, not only that but to connect multiple platforms through a single medium of transfer, making the process easier for all including the Traders,Plaform, and especially the miners.
However Bumo won't be interfering directly with the way how they run things inside their platforms who are willingly and not willingly to join.** Only indirectly**, the process is too confusing for me to explain. But to simplify just say that your the your the person who drives and transfers the goods between a farmer and a merchant.
That's all that i have to say, but we should thank.
Orginal works and the Bumo team for working together and creating this contest.
Here is a link to the original works contest.
https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-bumo
And here is a link to the website of Bumo!
https://www.bumo.io/
bumo2018