What Is MOM?
MOM is an online marketplace, not unlike Amazon. What sets it apart is that it is built using decentralized technology. In fact, it is the first-of-its-kind marketplace that specializes in the IT industry.
This provides several advantages. Every transaction creates an immutable proof-of-ownership record, for example, and the lack of intermediaries reduces associated costs.
Ultimately, MOM represents the new wave of decentralized platforms that will allow a mass audience to enjoy all the benefits of this new technology.
How To Buy And Sell On MOM
Being a decentralized marketplace, you may think that buying and selling on the platform would be difficult. That isn’t the case, however. Buying and selling on MOM is easy.
To buy on MOM, it’s as simple as searching for and finding a product. Once you have found what you’re looking for, add it to your cart and start filling in your details. Select the wallet and confirm the payment to make your purchase.
To sell, start by inputting the relevant product information. A small listing fee will need to be paid. After that, click on the ‘create asset’ button. Once the asset has been recorded, you’ll then need to set the price. Turn on the ‘For Sale’ button and pay the refundable escrowed 2x asset price to validate and publish your ad.
How To Install The Wallet
In order to buy or sell on MOM, you will need to have a wallet installed. Installing the wallet is as easy as installing any other browser extension. You’ll need to use Firefox, Chrome, Brave, or any other browser where the wallet is made available.
From there, you just need to download the extension and sign in. You’ll then be walked through the process of adding assets to your wallet, ready to start buying on MOM.
In terms of security, you should not share your private key with anyone. You should also keep any other sensitive details safe.
Where To Trade
The MOM marketplace platform uses its own currency — a kind of digital asset — as the sole medium of exchange. Therefore, you will need them to make purchases. Once you have installed your wallet, you can start trading them.
They can be traded on Biki Exchange.
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Website: http://www.mom.market
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