Hamster Market Presents First Blockchain Platform to Promote Modern Electronics

February 19 marked the launch of the ICO for Hamster Market, the primary decentralized retail platform providing devices and area of interest electronics. The challenge was created to instantly join small producers of unique electronics with their target market and to resolve the central issues of retail: extra middlemen, excessive markups, and restricted selections.
The dominance of main networks has led to a dissonance in on-line retail. The lion’s share of the market is at the moment concentrated within the fingers of the large retailers, who provide consumers a restricted array of merchandise. Particular person producers haven’t any probability of breaking out onto the most important gross sales platforms: it’s onerous for them to compete with giant suppliers and look-alike low cost merchandise, and consumers are, in impact, disadvantaged of selections.
Hamster Market will assist all proficient producers exhibit their merchandise to an viewers of 1,000,000 sturdy that may appropriately worth their innovations. Patrons will be capable of discover items not out there on different platforms and purchase them on the producers’ worth. The retail platform might be managed by the distributors themselves, which is able to considerably lower prices. What we can have here’s a new open market freed from middlemen and low-quality copycats.
“Many promising and bold electronics initiatives get caught on the identical step, the one which requires scaling enterprise and manufacturing,” says CEO Denis Bulavin. “In a manner, the builders discover themselves “between Kickstarter and Amazon”: they’ll conduct a wildly profitable crowdfunding marketing campaign, distribute the primary batch, and nonetheless not discover a everlasting path to their consumers. Hamster Market provides every producer the chance to current their merchandise to a target market of 1,000,000. Advantages go to each the producer and the client, who now owns a novel and helpful merchandise.”
The tech offered on the platform could be bought for fiat foreign money, cryptocurrency, and HMT tokens. The challenge tokens provide a number of benefits: they supply a reduction when buying, make it potential to promote with out incurring the platform fee, give entry to extra options, and far more. As well as, the variety of HMT tokens is proscribed, which is able to keep their worth. The challenge group has additionally addressed the chance that early token consumers or bounty hunters may promote them off in huge numbers on the alternate and thereby ship the worth off a cliff. Tokens distributed to the founders and group members might be frozen for as much as 9 months. And for many who take part within the bounty program, another bonus payout technique has been devised: as an alternative of tokens they’ll obtain fiat foreign money (at an alternate charge of 1 HMT = $2).
The challenge is being developed by knowledgeable group with numerous expertise in retail, IT, finance, and advertising. Consultants with expertise at prime positions with Amazon and eBay are concerned within the challenge. The Hamster Market founder is entrepreneur Denis Bulavin, an electronics producer and founding father of an organization that builds tablets and robots.
The token sale will final till March 19. In all, 10 million tokens, created underneath the Ethereum ERC20 normal, might be issued on this issuance. The challenge will distribute tokens as follows: 70% of the tokens are reserved for the crowdsale, 27.5% are reserved for rewarding the group, founders, advisors, and early consumers, and a pair of.5% will go to the bounty program. Cash not bought throughout the token sale might be destroyed after the ICO concludes, and no extra issuance is deliberate. The restricted, always shrinking variety of cash in circulation is among the elements sustaining liquidity in HMT tokens.
The worth of 1 token is $2. Cash could be purchased throughout the ICO or on the secondary market after the token sale ends. Tokens could also be bought with Bitcoin, Ethereum, and several other different frequent cryptocurrencies: BitcoinCash, EthereumClassic, Litecoin, Ripple, Sprint, Monero, Emercoin, Waves, and lots of others. The minimal buy is simply $10. Buyers who’ve undergone verification can even be capable of ship and obtain tokens with their hmstr.io and Ethereum wallets. The funds raised might be put towards launching and growing the Hamster Market platform, in addition to gathering a big group of distributors and consumers.
To learn the White Paper, view the challenge roadmap, or purchase tokens, you’ll be able to go to the Hamster Market web site.
This can be a sponsored press launch and doesn’t essentially mirror the opinions or views held by any staff of The Merkle. This isn’t funding, buying and selling, or playing recommendation. All the time conduct your personal unbiased analysis.
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