Cryptocurrency is rapidly increasing in both value and adoption rates, with Bitcoin- the most valuable cryptocurrency- currently experiencing an all-time high of over $10,000 USD per coin. While adoption rates are increasing, merchant adoption has been sluggish.
It’s now possible to use cryptocurrency to pay for a wide variety of goods and services, or even pay for products directly with fiat currency using a cryptocurrency debit card. A new platform, however, is aiming to make it possible to use cryptocurrency to pay for goods and services online via a dedicated ecommerce solution.
Qilin Market is a new protocol for decentralized ecommerce, enabling convenient, simple, and secure purchases. In this article, we’ll take a look at the Qilin.Market platform and examining the upcoming Qilin.Market ICO to help you decide whether it’s worth investing in.
What Is Qilin Market?
Qilin Market wants to make it possible for users to use cryptocurrencies to pay for goods and services directly. Functioning as a smart contract based solution, the Qilin Market platform is relatively elegant, and transfers funds to immutable escrow on a distributed ledger that delivers a 100% money back guarantee that backs up product quality.
The Qilin.Market solution aims to support both Bitcoin and Ethereum. The simple architecture of the Qilin Market platform makes it possible for users to create an online shop in a single day by cloning the Git repo, enabling them to immediately begin earning Qilin Tokens for selling products as a marketing partner.
Overall, Qilin Market is focused on eliminating the middlemen that currently cut into profits in the ecommerce industry. Sellers are able to find buyers directly and benefit from zero service commissions, extremely small transaction fees, and direct payments.
Shops are able to use the Qilin Market platform to access trustless leads, and create instant shops from an open source engine. The Qilin Market platform also delivers organic traffic substitution, and makes it possible for shops to generate Qilin Tokens, or Qt, as a blockchain node.
Buyers are able to use their cryptocurrency to purchase goods directly, and are covered by smart contract executed money back quality guarantee. Lastly, couriers are able to access a stable order flow for delivery services, with automated delivery tracking and convenient API integration.
The Qilin.Market ICO
The Qilin.Market platform will operate on the Qilin token, or Qt. The Qilin.Market ICO will generate a total supply of 14.5 million tokens, with a price per token available for individuals that join the ICO whitelist.
Token preorder for the ICO will begin on the 1st of December 2017. Interestingly, Qilin.Market tokens will be issued in batches with price rising on hyperbolic logarithmic progression for every next batch, meaning the price will rise with the generation of each issued token.
Qilin Market Review Summary
Ultimately, the Qilin Market solution is set to disrupt the $2 trillion global ecommerce market, and offers simple, understandable, and logical solution. If you’re looking for a promising new ICO to invest in, Qilin Market is worth consideration.