Ethbay is the newly launched blockchain based platform that aims to disrupt the traditional online marketplaces using the power of decentralization. It is an online marketplace much like eBay that allows users to buy or sell tangible and non-tangible products using Ethereum charging only a 1% fee, which is significantly lower than fees charged by eBay and other such marketplaces. Ethbay is all set to launch their official ICO on June 7th and offer their EBY tokens at a price of 5000 tokens for 1 Ethereum. Out of 100 million EBY tokens that will be produced, 80% will be available for sale to the general public.
The post PR: Ethbay, the New Decentralized Ethereum Marketplace Will Launch Their ICO on June 7th appeared first on Bitcoin News.
Powered by WPeMatico
Ethbay is the newly launched blockchain based platform that aims to disrupt the traditional online marketplaces using the power of decentralization. It is an online marketplace much like eBay that allows users to buy or sell tangible and non-tangible products using Ethereum charging only a 1% fee, which is significantly lower than fees charged by eBay and other such marketplaces. Ethbay is all set to launch their official ICO on June 7th and offer their EBY tokens at a price of 5000 tokens for 1 Ethereum. Out of 100 million EBY tokens that will be produced, 80% will be available
In the world of online marketplaces, there is a notable lack of competition. For most people, eBay is the default marketplace. Other than a few localized efforts around the world, alternative platforms are in short supply. EthBay may offer a solution in this regard, as it will serve as a decentralized peer-to-peer marketplace solely focused on Ethereum payments. The Idea Behind EthBay For the EthBay team, the objective is fairly simple. They want to build a new peer-to-peer marketplace where Ethereum payments play a very big role. It is very different from existing projects such as OpenBazaar, but it provides an interesting alternative.