Cryptocurrencies is one of the most important inventions since the inception of the web. They are ushering in a new era of decentralization, privacy, and control of one’s own data that has the potential to revolutionize many parts of society. There are currently over one thousand cryptocurrencies in use, with hundreds more being released each year. Their combined market cap has grown from $10 billion in 2016, to over $400 billion at the time of writing, having previously been much higher. Only 1% of the world’s population own cryptocurrency. Companies involved with blockchain, the technology behind cryptocurrencies and altcoins are expected to experience significant growth over the coming years. Blockchain technology can solve dozens of previously intractable problems, like digital identities, supply chain integrity, data breaches and many, many more. The use of blockchain technology within society has been exponentially increasing since it was introduced to the world by Satoshi Nakamoto. The first use of blockchain technology was bitcoin. According to Gartner Insights, blockchain, the driving force behind the crypto market is estimated to grow in business value to $3.1 trillion by 2030. Blockchain is the fastest growing market in the world and the PLEX token offers investors an opportunity to benefit from the growth in value. The age of blockchain technology is just beginning.
Now lets me introduce this project to you
STOREPLEX
Storeplex is a decentralised marketplace that allows anyone to buy and sell products or services for cryptocurrencies on a global scale. Storeplex is the world’s first fully functioning ecommerce marketplace that allows users to buy and sell products and services on the blockchain
OBJECTIVE
To combine ecommerce and blockchain technology to create a global marketplace, while solving numerous problems that are present with centralised marketplaces, such as eBay and Amazon.
PROBLEM
Online fraud
The ecommerce industry is been dominated by the world’s largest companies, such as eBay, Amazon and Alibaba. The street shops are becoming outdated with the use of e-commerce rapidly rising and this has resulted in many businesses adapting to the changing markets by moving their trade online. As a result online marketplaces such as eBay and Amazon have continued to grow rapidly. Despite these online marketplaces generating more revenue than ever before,
consumers and merchants are still experiencing the same issues that existed with these platforms.
Online fraud has increase because of PayPal’s lack of seller protection online, especially for virtual products and services. Fraud costs consumers and merchants hundreds of billions of dollars every year.
In addition to merchants losing revenue to fraud they are also experiencing unnecessarily high insertion and processing fees, which also reduces profit margins.
SOLUTION
Storeplex aim to solve the problems facing e-commerce marketplaces by providing a platform that everyone can use to buy and sell products and services. This implementation will significantly reduce fraudulent transactions within the e-commerce industry by providing a fair environment for buyers and seller, while deterring would-be fraudsters.
ADVANTAGES
Storeplex will be the ideal marketplace used to sell and purchase goods and services.
The presence of the community investment fund will promote small-scale entrepreneurs.
Sellers will be able to upgrade their accounts and promote their listings.
The platform will be accessible and low-cost means of accessing goods and services as there will be no processing fees charged when users transact using Plex tokens.
FEATURES
Uses blockchain technology
Every transaction and listing is stored on the blockchain and is persistent.
Reliable and secure
Blockchain never goes offline allowing for maximum uptime while also preventing listing tampering and account compromisation.
Scalability
The Storeplex marketplace will dynamically support thousands of merchants and millions of listings.
No insertion fees
There are no insertion fees for sellers when they create listings.
No processing fees
0% processing fees for transactions using PLEX. Only 1% processing fees for other supported payment methods.
Community funding
Community Investment Fund will be used to assist small-scale entrepreneurs in expanding their business.
Feedback system
Merchants can accumulate feedback and ratings on transactions which are stored on the blockchain and can be used on other mediums.
Cashback scheme
Purchases made using PLEX receive a 3% cashback.
Buyer & seller protection
Our Smart Contracts protect buyers and sellers from fraudulent transactions by utilizing an escrow.
TOKEN AND ICO DETAILS
Storeplex Logo PLEX is the marketplace’s primary currency which utilises the ERC20 Ethereum token standard. It can be used to purchase goods and services on the Storeplex platform. Every listing on the marketplace will accept PLEX alongside other supported payment methods. PLEX can be transferred between any ERC20 compatible wallets, such as MetaMask, Parity and Mist and allows PLEX to be freely traded on exchanges as well as being used on the marketplace. There will only be a maximum of 100,000,000 PLEX in circulation.
TOKEN DETAILS
Ticker Symbol: PLEX.
Platform Ethereum (ERC20).
Accepts: ETH.
Soft Cap: 2,000,000 USD.
Hard Cap: 20,000,000 USD.
Total supply 100,000,000 PLEX.
The Plex ICO
By raising funds via an Initial Coin Offering, we are able to further develop the Storeplex marketplace and implement an efficient marketing strategy.
This ultimately provides a better end-product to our users. The token sale will allow investors to purchase PLEX tokens at a reduced rate, which helps fund the project. Investors will receive a utility token that can be used on the Storeplex marketplace as well as traded on supported exchanges.
TOKEN DISTRIBUTION
FUND ALLOCATION
ROADMAP
Late 2017
Storeplex project founded
Late 2017
Storeplex marketplace development begins
Early 2018
Completion of marketplace demo
Mid 2018
PLEX token airdrop
Mid 2018
Marketplace demo available
Mid 2018
PLEX token pre-sale
Mid 2018
PLEX token main sale
Late 2018
PLEX listed on exchanges
Mid 2019
Storeplex marketplace live
MEET THE STOREPLEX TEAM
For more information, please visit:
Website: http://www.storeplex.io
Whitepaper: http://www.storeplex.io/documents/Storeplex-Whitepaper.pdf
Roadmap: http://storeplex.io/#roadmap
Twitter: https://twitter.com/storeplexio
Telegram: https://t.me/joinchat/HkVaF0cOO4clBNwv8i4VcQ
Github: https://github.com/Storeplex/Storeplex
Reddit: https://www.reddit.com/user/Storeplex
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9