The Serey Marketplace is a first of a kind marketplace. It is the first decentralized market platform with an integrated blockchain-based voting and rating mechanism. Traditional online marketplaces are inefficient in showcasing ratings and product quality. Reviews are often biased, and ratings can be manipulated to skew people’s perception.
Serey coins are used as a utility token on the Serey Marketplace. The token’s purpose is to allow users to vote on product offers, reviews, comments and ratings. Because Serey coins are a scarce good that have market value, there is a cost if someone wants to obtain it for manipulation.
Another attribute of the Serey Marketplace is that data are stored on the blockchain. Posts of goods and services are stored on the blockchain and can be traced back to verify the honesty of sellers.
Combined with KYC, sellers are therefore incentivized to provide quality goods and services as they have to consider their reputation.
In short, what makes the Serey Marketpace unique isthe combination of the following three attributes:
- 1: Serey coin as a utility token;
- 2: The product’s information is transparently stored on the blockchain;
- 3: KYC-information from sellers;
We believe that the Serey Online Marketplace will be the most effective marketplace in the world
and has the potential to conquer market share from Ebay, Amazon and Alibaba.
