OmniBazaar - Removing Middlemen and Bankers from E-commerce

funkyies (0)(1)in #blockchain • 6 years ago

Looking at a marketplace where Buyers and sellers deal directly with each other, without an intermediary. With no central site or responsible authority monitoring the content of listings, such sites can become havens for criminal activities.

If no one is monitoring or censoring the contents of marketplace listings anyone can list anything with impunity. If there is no “sheriff” in town, a peer-to-peer marketplace can devolve to a “wild west” of anarchy.

For some “crypto-anarchists” and criminals, this might be the ideal scene. But, as cryptocurrencies enter the mainstream, the majority of users are regular, law-abiding citizens. These people tend to object to child pornography, murder-for-hire and weapons of mass destruction.

So, for any peer-to-peer marketplace to gain wide acceptance, there needs to be a way of weeding out illegal products and services. If the marketplace or the marketplace community can’t or won’t police the contents of listings, then governments will send in their own police to do the job.

Overview

OmniBazaar was designed and built for the average person who wants to buy and sell goods and services in the ‘white market’. With OmniBazaar we have developed a unique system that lets the OmniBazaar community police itself. We call this “community policing”.

The Headquarters of this project is in Florida, Unites States and the project is following all the guidelines requested by regulations.

OmniBazaar community policing system

The OmniBazaar community policing system allows marketplace users to flag a listing as illegal or objectionable. If enough users with enough community ranking object to the same listing, it will be removed from the marketplace. Listings by known and respected members of the community are harder to remove than listings by new or relatively unknown sellers. These rules make it harder for bad actors to thwart the system.

Why OmniBazaar is different

True Peer-to-peer Marketplace — Omni Bazaar uses Crypto currencies to eliminate the bank as a middleman. no more high percentage fees paid to PayPal or credit card companies.
Lower Fees — Because of decentralization the OmniBazaar platform will be able to offer 90% to 100% lower listing and advertising fees than current central data online marketplaces like Ebay or Amazon
Gateway to Crypto Adoption — Given the attractive price of its services and the ability to offer less expensive products OmniBazaar hopes to serve as a gateway to crypto adoption by accepting crypto payments only. The platform now accepts Bitcoin and OmniCoin
Speed of transactions — able to process 50.000 transactions per section, speed will be no problem when spending or receiving OmniCoin
Decentralized crypto exchange — Investors will be able to buy and sell crypto currencies in the Omni Platform

Token Details

The OmniCoin is used as a currency to buy and sell products on the OmniBazaar platform.

Total Supply of OminiCoin: 25 billion

Soft Cap: $2,000,000.00 Dollars

Hard Cap: $20,100,000.00 Dollars

<h1.Distribution

Token Sale Timeline

Pre-sale price: $0.0015 Q3 2018

Token sale stage 1: $0.002 Q3 2018

Token sale stage 2: $0.0025 Q4 2018

Token sale stage 3: $0.003 Q4 2018

Ecosystem

The OmniBazaar ecosystem includes its own built-in cryptocurrency (“OmniCoin”), an influencer marketing system, social messaging, reputation tracking, escrow agents, and bonuses to provide user incentives for participation and growth. With OmniBazaar, online sellers save 90%–100% of the fees they would pay Amazon or eBay. Online buyers benefit from lower prices, and escape from “big data” tracking and “push” marketing. Social influencers enjoy a simple referral system that allows them to monetize their social networks. Marketplace users can generate additional income by hosting listings for other user or providing escrow services in the marketplace. OmniBazaar provides a simple “gateway” to cryptocurrency by allowing users to barter for bitcoins.

<h1.Conclusion
OmniBazaar was designed, from the ground up, to be completely different. As a private, cooperative, internet marketplace, it is composed only of its users. Users deal directly with other users through a revolutionary peer-to-peer marketplace network, with no central site. There is no middleman to record and use personal information, or to track shopping and spending habits. There is no central site for governments, hackers, or criminals to spy on or attack. And the peer-to-peer structure of the OmniBazaar network provides users with greater privacy.

We invite you to visit the WHITEPAPER and get in touch with us through the Telegram group, buy your TOKENS OmniBazaar and enjoy the benefits offered by the most advantageous platform in the market. Do not miss this great opportunity .