What Is MarketLIST?
The market envisioned by creators of MarketLIST will be autonomous and decentralized. That means that there is no external governance controlling the marketplace. The market will run on the Ethereum blockchain autonomously. This will make it resistant to all types of censorship or control by third parties.
This is first and is a disruptive use of the blockchain technology with no central authority to govern the market. This project embraces what is truly possible using the Web 3.0 and blockchain technology. The market is going to run on Ethereum for all time. The motto of this project is Privacy Paramount, Anonymity Assured, and Encryption Everywhere.
The Current Issues
In the digital era, selling goods is faced with various challenges. Various global restrictions make trade on a global scale almost impossible. These restrictions vary depending on which country you are in. In some cases, people are unable to access goods because of trade restrictions and the lack of online marketplaces.
Besides that, the enormous amount of regulation on what can or cannot be sold has restricted growth in various areas. MarketLIST has a belief that all people should trade free of any restrictions, leading to more prosperity for the world.
The MarketLIST Private Blockchain Marketplace Solution
MarketLISt offers a solution for dealing with these international restrictions on trade. It comes in the form of a decentralized marketplace that is powered by Ethereum. This market is a safe, secure, and unrestricted marketplace.
It allows anyone to trade anything and to maintain openness or anonymity as one deems fit. The only requirement to get into this marketplace is to have an Ethereum wallet. The autonomous nature of the marketplace will ensure that no censorship can ever take place.
Besides that, being fully decentralized ensure that there is continues uptime even when some nodes are offline. Since it runs on Whisper, Swarm, and Ethereum, this market is quite secure against DDoS attacks. The data can never be removed since it is stored in the swarm with no central point. Never before has such a blockchain powered market existed before.
The Existing Challenges
There are various challenges with the current online marketplaces. However, some truly stand out. These are:
Complex Payment Systems
The current marketplaces online rely on various payment gateways for payments processing. The gateways cost a lot of money because of the expensive support for the underlying technology. In most cases, third parties are needed to process an online transaction such as PayPal on WorldPay. Third parties survive by charging transaction fees. However, MarketLIST is going to eliminate these intermediaries and cut down costs.
Anyone online has to be aware that his or her identity could be stolen at any time. Even some of the most secure centralized hubs have at some point suffered a successful hack. However, no one has ever been able to hack a blockchain network to this date.
MarketLIST LIST Token ICO Details
- Token: LIST (ERC20)
- Price: 1 ETH = 10,000 LIST
- Start Date: April 21, 2018
- End Date: June 21, 2018
- Minimum Purchase: 0.1 ETH
- Maximum Purchase: 1000 ETH
- ICO Token Distribution: 1,000,000,000
- Hard Cap: 670,000,000