STASH Token Overview
The STASH Token is an ERC20 utility token on the Ethereum Network. STASH can be used for marketplace transactions, exchanges, paying for fees, paying for advertising, and there's more to come. The name STASH was chosen because we envision BitStash as being the number one marketplace and exchange for cryptocurrency and merchandise. Allowing both merchants and consumers to STASH their tokens or use them for transacting on the platform.
Purpose of STASH Token
There are many reasons for STASH Tokens to exist within the Cryptocurrency Space. They will be utilized as the only form of payment for advertisements on the BitStash Marketplace. Additionally, all vendor and withdrawal fees are calculated in STASH Tokens, whilst the exchange process happens simultaneously on the backend. Furthermore, at the end of each quarter, BitStash will be airdropping 10% of all marketplace fees to holders of STASH Tokens in accordance to their balance. A higher balance will result in a higher airdrop amount. STASH Tokens can be used as a form of payment with a real-time market rate. You can send to different wallets to complete transactions. The BitStash team is constantly developing and creating new uses for the STASH Token.
BitStash is a peer to peer (P2P) crypto commerce marketplace which enables buyers and sellers to purchase or list products, goods or services.The BitStash platform provides a simple and secure marketplace for users to transact seamlessly between each other and with the trusted protection provided by our escrow system. 16.8 Trillion USD is spent annually for products, goods or services all around the world.
The e-commerce industry is growing rapidly and it is becoming easier to transact across borders. This opens the door for BitStash to scale globally and provide millions of people around the world the opportunity to open an online store and earn cryptocurrency; economically developing countries can greatly benefit from this. BitStash will be implementing several language translations for ease of use for all users across our platform.
The Problem Bitstash is going to address
Cryptocurrency not accepted: Cryptocurrencies and digital assets have remained unused by mainstream marketplaces and stores. This is significantly reducing the awareness, adoption, and usability of Cryptocurrency as a whole.
High monthly & transaction fees: Not only is it very hard to find places that will accept cryptocurrency, but if you are a vendor, manufacturer, wholesaler, or retailer, it can be expensive to sell your products online. Lots of the popular marketplaces require a monthly subscription to be paid in order to sell on their platform.
High cost of advertising: Large and small marketplaces often tend to charge a high rate for advertising on their platform. They are not transparent at all when it comes to their "Organic and Paid" displays.
Extremely one sided resolution process: It is very typical for marketplaces to be one sided when attempting to provide a resolution to a dispute. They tend to trust large vendors, even if you have been with them longer. Things do some times get misplaced or forgotten about; however, just because a large vendor or customer declares they are right does not mean that is the ethical course of action.
Existing crypto-marketplaces require downloads & complicated setup: If you are savvy enough to find other cryptocurrency marketplaces online, then you have found that just about all of them will require you to download and install their program to run the client. This can be extremely confusing for some vendors or customers, and reduces the overall experience that is already natural for most consumers.
The Solution Bitstash is bringing in is a result driven revolution
Lowest possible marketplace fees
Our current fee rate will never increase. In fact, they will only decrease over the course of time. The marketplace seller fees will not be a monthly subscription, but will pay a maximum of 3% of the total order.
Payments Accepted (Bitcoin, Ethereum, STASH, & more)
Currently, BitStash can process payment in Bitcoin and Ethereum. After the crowdsale, we are working to develop the internal exchange and integration of STASH Tokens. Before the end of the crowdsale, we will be listing three additional tokens, which can be used for transactions on the BitStash Marketplace.
Resolution Center / Returns & Refunds
The security of your cryptocurrency is something we prioritize and take very seriously. There is a lack of trust on the internet, especially within the cryptocurrency space; which is why we have designed and implemented our cutting-edge escrow system. This ensures delivery of product orders and payments. In the event that an ordered item is not delivered or can't be verified as delivered, we will not issue funds to the vendor. Once a support ticket has been opened an resolved, the customers funds will then be returned. We have gone to great lengths to ensure that vendors as well as customers stay 100% satisfied with our resolution process.
Product Advertising and Placement
Ads can be slightly annoying at times, however, we have created a sustainable model where advertisement occurs seamlessly within our marketplace. Advertisers will be able to purchase what will be called "ad slots". Advertisers will need to utilize STASH Tokens to start advertising. Advertising will be based on a first come first serve and will be a fixed price in tokens. All advertisements must meet BitStash standards and must not be in violation of BitStash Terms & Conditions.
Web & Application Clients
BitStash has a 100% functional web application that can be accessed from all computers, mobile phones, and smart devices that have internet connectivity. This allows BitStash to reach the mainstream consumer base. Any vendor that does not wish to download or install any programs on their machine can avoid this completely. In addition, you can easily login anywhere within the world as long as you have an internet connection.
BitStash Wallet
The BitStash Wallet is the core of our entire Marketplace. It falls hand in hand with the escrow service and provides account security with 2-factor authentication. Using the BitStash wallet, you can receive and send cryptocurrency from any device anywhere in the world in a matter of minutes using an internet connection. During the alpha testing phase, we have enabled the use of Bitcoin and Ethereum. However, as we get closer to the official launch of our marketplace, we will be allowing BitStash members to vote on the next coin we should add / include.
ROADMAP
July 2017
BitStash Founded
December 2017
Platform Creation & Development
January 2018
Vendor Program Integration
February 2018
Affiliate Program Integration
May 2018
ICO Preparation
May 2018
ALPHA Launch
June 2018
Seek Partnerships & Vendors
June 2018
Launch Pre-Sale ICO
July 2018
BitStash Crowdsale
August 2018
Android & iOS Application
September 2018
STASH Token Exchange Listings
September 2018
Launch Internal Exchange
September 2018
Purchase Products with STASH
October 2018
Airdrop Bounty Participants
October 2018
STASH Quarterly Airdrops Begin
November 2018
Addition of More Coins
December 2018
Platform Showcase & Stats
December 2018
Release 2019 Roadmap
Meet the team behind this amazing project
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Join our ICO here: https://bitstash.co/ico/
For more information, please visit the links below:
Website: https://bitstash.co/
whitepaper: https://bitstash.co/bitstash-whitepaper.pdf
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=3735106.0
Twitter: https://twitter.com/bitstashco
Telegram: https://t.me/bitstashmarketplace
Author: jeffter olanubi
bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1829722