Hamster Marketplace, the decentralized alternative to Amazon and other online retailers like Overstock.com, is announcing the launch of their token pre-sale. Previously, the project had secured $600,000 in private investment and hopes to build off that financing success with the sale of Hamster’s native token.
The platform centers around blockchain technology, using it as a means of decentralizing e-commerce -- with an emphasis on small businesses, focusing on niche markets with customized, niche product lines. All without the need of a third-party middleman to facilitate the sale as well as other elements of the supply chain.
The goal of the token sales event is to raise funds and promote the project to interested vendors and other enterprise clients. They plan on doing this through the distribution of HMT tokens. This way, Hamster Marketplace will be able to build out the decentralized trading platform for the future.
Additionally, Hamster Marketplace’s blockchain allows producers to take democratic control of the platform. Through Emercoin’s blockchain voting system, any changes to the platform will be made on a consensual basis -- assuming there is no corruption from any parties.
Hamster believes it can disrupt the e-commerce industry, along with the prominent actors inside of it, such as Amazon, eBay and Alibaba, through the transparent nature of the blockchain. They believe the public nature of permissionless blockchains will turn the entire market upside down.
This is because verified reviews on Hamster Marketplace are linked to the blockchain, and cannot be tampered with as on other digital platforms. Thus, it will allow intellectual property of inventors to be secured -- eliminating cheap knockoffs from ever being sold.
Also, the use of blockchain tech means no central point of failure, hence the platform will be resistant to downtime, hacks, spam, and poor quality products which plague legacy marketplaces.
Hamster Marketplace will be aimed towards inventors, producers of indie-electronics, and gadgets, and the millions of individuals worldwide looking to access these technologies and inventions of the future.
The perks of Hamster Marketplace extend to both buyers and producers alike. For buyers, especially tech fanatics, they will be give a unique set of gadgets and electronics and customized inventions for any needs. Producers, on the other hand, will be provided a large audience with a demand for niche electronics.
To fund ongoing development of the platform, Hamster Marketplace is holding a pre token sale beginning 11th December at 11 AM GMT. On sale will be Hamster's native ERC20 HMT tokens.
HMT will not be mineable, and Hamster will set a soft cap of $2 Million USD as the minimum level of funding to reach to continue development. In total 14,000,000 HMT will be created, with 1,200,000 of these tokens up for sale in the pre token sale at a 20% discount of $1.40 per token. Funds raised will allow Hamster to follow their roadmap effectively, releasing the Alpha version in mid 2018 and the Beta version by the end of 2018.
For more information about Hamster Marketplace and the pre token sale please visit: https://hmstr.io/
Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.