Bitcoin News and Finance
Ebay Alternative Platform Ethair Market Launches Its Token, Sellers Can Now Accept Crypto for Goods Skip to main content

Ebay Alternative Platform Ethair Market Launches Its Token, Sellers Can Now Accept Crypto for Goods

Ethair Market has listed ETHR token on Uniswap as a result of its first governance vote by the holders. Utilities of the token are directly tied to a user’s interaction with the marketplace. On top of the proprietary token, Ethair Market currently supports fiat and cryptocurrencies such as: Bitcoin, Ethereum, Litecoin, Stellar and USDC, and more.

The marketplace is currently in beta, allowing sellers to their items before the full release. Ethair Market operates in the traditional B2C/C2C modes with two types of listings: Market which are new fixed price items, and “Buy Offer Bid” (referred to as BOB on the platform) which includes new and used auction items that customers can buy outright, make an offer on, or bid on like in traditional auctions.

Ethair is aggressively marketing through Google, YouTube, Yahoo, and Twitter ads. Running Uber ads in Los Angeles, Chicago, and New York with soon to have nationwide major highway billboards.

You may check ETHR’s token contract here.

What’s the ETHR token utility?

ETHR is Ethair’s native token that is integrated into crucial components of the marketplace. Its utility expands across the marketplace and allows for users to enjoy various benefits. That means that they can enjoy the “off-chain” benefits of using ETHR as a form of payment on the platform thus having no gateway or blockchain fees by having a token balance in their account.

For sellers specifically, the token offers various discounts. By holding 100 ETHR in their account, sellers can get a 10% discount on the Final Value Fees on every sale. They will also receive a 15% discount on advertising fees when they are paid for with ETHR and receive access to exclusive ad spots for token holders, which are also paid for with ETHR.

These utilities are currently only available to token holders and will be expanded to all users once the deposit functionality is fully implemented to enjoy these benefits.

Governance Voting

All Ethair Market users with any amount of ETHR in their accounts are eligible for governance voting rights on certain token matters. This allows for the token to be utilitarian and gives users the ability to control potential actions.

Tokenomics & Minting

ETHR is an Ethereum based token (ERC-20) with an initial supply cap of 2 million. There is no maximum supply cap. However, the creation of additional tokens is directly tied with users’ marketplace transactions. ETHR can only be minted by exchanging customers’ transaction-generated points for ETHR. This is the only way that additional tokens are created and promotes platform utilization.

These points are Ethair’s rewards system and they are gained on every successful transaction. They function as part of the 25% reimbursement of Final Value Fees for each transaction given to both parties, and as such reduce marketplace fees even further.

When a user requests to exchange their points into an ETHR token, our smart contract first gives them a platform-exclusive bonus of 10% more than the value exchanged in ETHR. This multiplies the request by two. The newly minted ETHR is then supplied to the user and the remainder is evenly distributed between two pools.

The referral program rewards users who have referred verified marketplace customers with a share of generated pool rewards. These rewards will be doled out monthly for a limited time 1-year period after which the governance voting will decide what the next use of this pool will be.

Company Account pool is aimed (but not limited to) to be used for promotions and partnerships.

Company goals and expansion

Ethair’s goal is to be a more customer-friendly platform. They are aiming to improve what a marketplace can offer to its users with a primary goal of supporting its sellers and their businesses.

With Stripe integrated as its form of payment processing, Ethair currently supports users in the US and Canada, and is already looking to expand to another 45 countries.

The next big step is the implementation of the NFT marketplace. The way Ethair imagines NFTs is a hybrid of on-chain and off-chain states allowing for cross-chain, feeless and instantaneous transactions while bringing the technology closer to the masses with unique use-cases.

Socials

https://www.ethair.com

https://twitter.com/EthairMarket

https://twitter.com/ETHRtoken

https://www.facebook.com/EthairMarket/

https://www.t.me/EthairMarket

 

 

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory