SysCoin | A Future Rival To eBay and Amazon? |
A beginner in the world of Cryptocurrencies this is the first post i've written which directly explores a cryptocurrency exclusively. SysCoin caught my attention after I learnt the incredible amount of money both eBay and Amazon charge for selling products on their respective marketplaces. This is a problem which Syscoin is attempting to mitigate and tackle via their decentralised marketplace with no middle man and no selling fees.
SysCoin is an Altcoin that launched in 2014 as, like all Altcoins, a blockchain. After a year, SysCoin introduced in my opinion its most unique feature- a decentralised marketplace with no downtime where users can easily sell items to prospective buyers with no commission fee. When researching cryptocurrencies (and again I stress I have not been doing this for a very long time) I look for unique features of a particular blockchain that sets it apart from other Altcoins. Another feature that appeals to me is the use of aliases where you can save your address to something easily rememberable i.e Joesaddress. This counters the need to remember complex wallet addresses meaning swift transactions are easily possible.
I think Syscoin is an Altcoin an system to keep an eye on. Their future looks bright and Q4 of 2017 will see the release of the 'Blockmarket Web- Pro Edition' as well as a 'Blockmarket phone app'. The increased accessibility should increase user retention due to ease-of-use- the phone app and 'pro edition' of the Blockmarket perhaps heightening its credibility.
Good points in this post. Really appreciate you bring this to our attention. Buy and hold for the upcoming 2 to 5 years and the market will find it's way. We do need more indept investment analysis. I was wondering if anyone of you uses: https://www.coincheckup.com The site is my go to place for crypto investment analaysis and indepth coin research. For example: https://www.coincheckup.com/coins/SysCoin#analysis For a complete SysCoin Research report.
The world markets are yearning for this. One day soon a decetralized ebay alternative will catch fire and ebay will have to change its fee structure to compete, perhaps adapting a similar model or will just get crushed. The days of the greedy centralized middlemen are numbered. The countdown begins... Just for kicks, I'll be selling my saxophone on Blockmarket. Look out for it!! ;-D
This is a year old thread, but I am curious with the true progress of Syscoin. I have faith in the Syscoin Platform. The latest BlockMarket also looks good, and seems a lot more user friendly over the previous versions.
I still believe for Syscoin to become mass mainstream, they require a much easier to use web based Interface (No downloading required) or a Apple & Android Syscoin App so people can interact in a very easy way so they can BUY & SELL via Syscoins.
They might or might not defeat eBay, but they can surely put some strong competition in this MUCH NEEDED market place.