As compared to other sectors, the antiques market is rather peculiar. At a time when the industrial segments are falling victim to occasional financial crises, everything seems to be fine in the antiques business. In fact, these oldies appreciate in value as the days go by. Nonetheless, the antiques market still remains conservative and old-fashioned, even in the wake of the digital era. Consequently, most of the issues that face other industries transcend into this sector.
AntiqMall is an online platform that seeks to revolutionize the antiques sector through blockchain technology. Primarily, the project will look to address accessibility and transparency issues. Initially, the platform will be available in its native Russia, bit is expected to spread its coverage to other locations in the near future.
How Does AntiqMall Work?
Traditionally, investors tend to favor the antiques market as it is one the most stable and dependable investments around. Furthermore, the chances of making a loss are almost zero, an aspect that makes it one the most profitable assets. However, users usually have to undergo a cumbersome process filled with intermediaries when they want to acquire these relics. As a result, these transactions are often costly, time-consuming and in some cases fraudulent due to the multiple parties involved.
This is a smart trading platform that utilizes smart contracts to verify transactions. The project is the first of its kind in the world to accept digital currencies as a mode of payment. Moreover, it will generate seller ratings based on the activity on the blockchain edger. Therefore, the AntiqMall ecosystem is a faster, more efficient and modern way of facilitating interactions between the buyer and the sellers.
As of now, this platform collects antiques from all over the world, writes their descriptions and then publishes them on the website. In the future, the platform will allow users to directly post their antiques online and receive payments in the cryptocurrency they desire. Eventually, AntiqMall aims to become the leading antiques marketplace in the world.
Benefits Of The AntiqMall Ecosystem
- Discounts when buying with digital currencies
- Speedy and affordable transactions
- A wide array of antiques
- Free shipping
- An influx of new clients
- In-depth analysis of markets
- An opportunity to buy tokens at subsidized prices
- Low risk business
The idea of AntiqMall was first perceived in 2016, the same year in which the prototype was created. The following year, the online portal was tested and successfully inaugurated. This year, the company integrated smart contracts onto the ecosystem. Also, the project successfully conducted its initial coin offering.
After the crowdsale, the next step will be brand promotion. Later in 2018, the AMT Token will be made available in major cryptocurrency exchanges. Finally, the company will embark on expanding its service are to cover more countries.
About AntiqMall ICO
- Presale starts: December 25, 2017
- Presale ends: January 10, 2018
- ICO starts: March 2018
- Symbol: AMT
- Exchange rate: $1=1AMT / 1,000AMT = 1 ETH
- Total number of tokens: 7,500,000
- Accepted coins: BTC and ETH