Guys, have you ever heard Free Market Token and Ecryptostore Platform? Maybe some of you still don’t know what is that? If that case, Here, let me tell you! I will try to write a short article to explain what is Free Market Token and Ecryptostore platform and some of its advantages.
What is Ecryptostore?
Ecryptostore is an ecommerce platform that allows users to buy or sell goods and service with peer-to-peer concepts using cryptocurrency and fiat. The platform is designed with high security and also easy to use, but also many features provided such as management listings, secure chat boxes, notification notifications, searching and more. There are some things you need to know regardless you are a buyer or a merchant that is:
- Buyer
Buyer can use cryptocurrency as payment for goods or services directly from their crypto wallet and also buyer can connect directly to merchants via secure chat. Buyers can store their tokens on the wallets that are available on the platform after wallet released. Buyer can also get FMT for free from merchants who advertise their product on the platform via Audience Incentivised Gift Marketing.
- Merchants
Merchant accounts will be reviewed and verified in advance to protect buyers from fraud. They are also allowed list bulk product quantities or individual items and then sell products on the marketplace once their accounts are verified. Merchants can also add cryptocurrency options to the goods or services they offer, after that they can choose to send the funds to the wallet on the ecryptostore platform or an off platform wallet.
If you want to know more about this you can read their whitepaper here: https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf
What is FMT?
FMT stands for Free Market Token and NEM-based, this is a utility token that will be used on the Ecryptostore ecommerce platform. This token is needed to do some things like Buyers using FMT to buy goods or services to merchants or Merchants require staked their FMT on the wallet platform to qualify for a Gold Level Merchant status. FMT holders also get benefits such as discounts and promotions. As I mentioned above FMT will be used on the platform and you need to know the point of this token usefulness is:
- User can use the token for payment tool to buy a good or service on the ecommerce platform to be released in the future, By using this token will reduce its fee up to 50% on transactions in the platform
- Merchants can give gift to potential buyers and may attract interest to the goods or services offered by the merchants.
- FMT can be converted into several major cryptocurrency such as BTC / DASH / LTC or other cryptocurrency in the future.
Token Sale & Allocation Details
Token Name: FMT
Platform: NEM
Price: 1 HYT = 0.07 USD
Prototype: Here
Accepting: BTC, XEM, ETH
Hard Cap: 300,000,000 FMT
Country: Australia
Total Supply: 550,000,000 FMT
Team
Conclusion
As we know today some buyers are difficult or limited when they want to buy goods or services by using cryptocurrency and vice versa for the merchant, with the solutions offered by them through their platforms and tokens this might be a solution for us. They also have a solid team and experienced in their respective fields.
It seems enough for now, Sorry if there is a mistake in writing. Do not forget to follow & upvote, I will give some links related to Ecryptostore and Free Market Token project below. Thank you very much!
Website
Facebook
Twitter
Telegram
Whitepaper
Bounty Thread
Authored By Pedobear a.k.a Dhemas putra/dhemasm(bitcointalk)
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1049524
Disclaimer: Guys, I earn FMT token for learning, teaching, and discussing FreeMarketToken and Ecryptostore. Anyone can join the program until August 5th. Let's start a conversation about buying and selling items with crypto! You can visit this link to join Here I write according to the reference in the whitepaper. This is not financial advice, Before you invest please do research first. Thanks!