Bazista, found online at Bazista.io, is a marketplace where you can trade digital assets for goods and services. Find out how it works today in our review.
What Is Bazista?
Bazista is a decentralized marketplace that aims to be a new generation trading platform for consumer to consumer (C2C) transactions and business to consumer (B2C) transactions.
The marketplace gives users an easy and reliable way to exchange goods and services for 5+ digital assets.
Obviously, Bazista isn’t the only marketplace where you can exchange digital assets for goods and services. So what makes Bazista different from the competition? The development team aims to create an endorsement system where users receive a reward in exchange for referring other users to certain products on the platform.
Bazista also claims to have fees as low as 0%.
With that in mind, let’s take a closer look at how Bazista works.
How Does Bazista Work?
Bazista doesn’t claim to be a fully decentralized marketplace. Instead, the development team describes it as a “hybrid model”. The marketplace is “decentralized” because it fully integrates digital assets – like cryptocurrencies – into its model. However, the platform has a centralized support system that provides delivery tracking, deals monitoring, user ranking, and more.
The platform is designed to be used by three main parties, including buyers, sellers, and promoters.
- Buyers: Buyers can spend BZS tokens on products or services and access special offers through the platform.
- Sellers: Sellers can sell their products and services in exchange for digital assets.
- Promoters: Promoters can refer users to the platform, then receive a reward from sellers when users successfully buy an item.
Using Bazista, promoters can partner with other users and earn coins together. All payments are processed in BZS tokens or one of 5 supported cryptocurrencies. Bazista also emphasizes low fees – including fees as low as 0%.
0% transaction fees will be available to anyone who has a sufficient number of tokens in their account. If you hold 15,000 to 24,999 tokens, for example, then you’ll pay a transaction fee of 3%. If you have over 48,000 tokens, however, that fee drops to 0%.
Buyers can benefit from the platform by accessing a range of technical and marketing tools. Using these tools, they can sell their goods faster and more easily than they would on any other platform.
Bazista Features And Benefits
Bazista aims to offer benefits to promoters, buyers, and sellers. Here are the features and benefits that the platform aims to offer:
Users can purchase goods without having to register on the platform, which means they can order goods and services in a few clicks.
No Hidden Commissions:
Users can avoid high transaction fees and hidden commissions.
Exchanging good and services for cryptocurrencies is a tax-free transaction, which reduces transaction costs across the platform even further.
Bazista’s platform will enable all cryptocurrency asset holders to use their digital tokens as an instant instrument of payment.
Holders of BZS tokens will be able to buy promotional goods in exchange for tokens at a discount of up to 70% of the initial cost.
Low Commissions Or Commission-Free Transactions:
Commissions collected by the platform for making a transaction are just 4% of the final cost of the goods. That commission rate drops further based on the number of tokens held by the user.
Additional Marketing Tools:
Bazista allows users to create their own CPA network within the platform. Within the CPA platform, sellers can regulate commissions for users selling your goods.
The Bazista Token Sale
The Bazista token sale will see the release of 440 million BZS tokens. Of the total supply, 73% (321,200,000) is going to a crowdsale, 15% (66,000,000) is going to the founders and team, with the remainder going to marketing reserves (4%), pre-ICO (3%), advisors (3%), and a bounty pool (2%).
The tokens are utility tokens held in your account to lower your transaction fees. They can also be used to pay for goods and services on the platform. It’s the single, internal token for use on the platform.
The pre-ICO begins on November 16, with the main ICO taking place in December 2017. During the token sales, 1 ETH = 11,000 BZS.
Who’s Behind Bazista?
The Bazista development team was formed in Q1 2017. They plan to introduce the first Bazista platform prototype before the end of 2017. Beta testing is scheduled for Q2 2018, with a beta launch scheduled for Q4 2018.
Key members of the team include Vakhtang Abuladze (CEO), Denis Sholokhov (CMO), and Maksim Orlov (CTO).
Bazista is headquartered in Moscow.
Bazista is a marketplace that aims to accept cryptocurrency in exchange for goods and services. It connects consumers with other consumers (C2C) and connects consumers with businesses (B2C) through a hybrid platform (decentralized and centralized). The end result is cheaper transaction costs, better marketing tools for sellers, and other advantages.
To learn more about Bazista, visit online today at Bazista.io.