This project is HUGE.
Potentially name to the project: agoracrypto.com , cryptoplace.com
The project consists of developing a marketplace through mobile apps and a website where people or companies can sell and buy their products.
We would be the direct competition of mercari.com, offerup.com, mercadolibre.com and even facebook.com.
Why would people use our marketplace?
Simply, we are going to offer a place where transactions are fast and secure through the use of cryptocurrencies, a place where you can buy and sell products in crypto.
Who can sell in our marketplace?
Everyone is welcome to post their new or used products. Both (buyers and sellers) will be rated with a fun and nice reputation system.
Users will be able to easily convert their old, used or new products into Bitcoin, Ethereum, USDT and others. The main motivation for people would be to be able to publish those Nike shoes that they no longer wear valued at approximately $100 and turn them into a potential future investment directly in Bitcoin. Which would probably be a smart idea since that $100 can turn into $120, $150, even $200 over time. However, keeping $100 in a bank account would be totally destroyed by the impending inflation that we live in today.
The marketplace will not work as a digital wallet, however when a transaction is completed, our app will have the funds to ensure that the seller ships the product and provides a valid tracking number. The buyer will have a period of 3 days to qualify the product and its seller so that our app will release the funds to the seller, obtaining 10% of each transaction made on the platform as a profit.
Ex. Product for sale valued at $500 (Seller receives as part of payment BTC, USDT or ETH, etc.), the buyer clicks on "buy now" and sends the cryptocurrencies to the digital wallet of our app. The seller has 3 days to provide a valid tracking number, our app will automatically connect with the main shipping companies (UPS, USPS, Fedex, etc) and track it. When the buyer receives the product, he has 3 days to rate the transaction positively, intermediately or negatively. In case of not doing it in 3 days the system will do it automatically in favor of the seller and the funds will be released. This is just an example of a daily transaction, our app would make a net profit of $50.
What is the goal of our marketplace?
Achieve at least 300k - 900k transactions per month in the first year while simultaneously investing more and more in advertising each month. As a team we think this project it's not only for the US, It can be easily profitable in other countries like Canada, Mexico, Spain, Argentina, Chile, Colombia. There's no reason to stop growing, Crypto is here to stay, every day thousands and thousands of people adopt cryptocurrencies as an investment method. So instead of using their FIAT money to invest, they could sell a pair of sunglasses, a perfume that they don't like anymore or even a Rolex, there's an innumerable amount of options.
How long would it take to develop this project?
We hope that in 4 months we will be launching our first betas, to have it completely finished in 6 months or less.
If you guys have any questions please don't hesitate to contact me and I'll respond as soon as I can.
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