What is BitStash, how decentralized marketplace for sellers and buyers works
Review of the decentralized BitStash marketplace, how it works and what the STASH token is for. The latest info on the ICO BitStash.
The future of ecommerce are the marketplaces, ie websites where thousands of sellers join together. However, these marketplaces have a cost for online merchants, who must necessarily download them to the consumer. The advent of blockchain technology and encrypted tokens is changing things. In this review we want to talk to you about BitStash, a decentralized marketplace born a few months ago and that promises to be a point of reference in the ecommerce sector.
On BitStash you pay with the STASH native token, with no additional commissions and instantly. To understand more, continue reading or skip through the menu below to the parts that interest you.
Menu - BitStash Review (STASH)
- What is BitStash? 6. BitStash (STASH) ICO
- What can you sell on BitStash? 7. BitStash roadmap
- Rules for the purchase 8. Where to buy STASH Token
- Become a BitStash vendor 9. BitStash wallet
- How to buy on BitStash 10. Questions and Answers
What is BitStash?
BitStash is born as an online shop peer to peer where the purchase of products is done using the STASH cryptocurrency native of the BitStash platform.
The platform is an entry point for direct trade between people and between shopkeepers and consumers. Without intermediaries, commissions for merchants and customers are reduced, the BitStash marketplace guarantees security and protection of purchases through a system of guarantee deposits.
The functionality of the STASH token
The STASH token is an ERC-20 generated on the Ethereum platform, the latter will also implement ecommerce as DApp (decentralized application).
The token will act as an internal currency for the purchase of future products and services that will be added to the online digital market.
If we wanted to find an image that could represent how BitStash works , we could think of a small principality with its own currency. The currency in the principality is used to buy basic necessities, durable goods and services.
BitStash is a small citadel with its own currency, independent of governments, guaranteed by the Ethereum blockchain.
Video presentation of the BitStash platform
The video below presents in less than a minute and a half the essential characteristics of the decentralized BitStash e-commerce platform .
What can you sell on BitStash?
Let 's see what you can sell on BitStash .
The categories of goods accepted are numerous and find the main categories of products that you would expect to find on a digital market.
Fashion for men, women and children.
Electronics and office.
Games and video games.
Entertainment.
Health and beauty.
Sport and wellness.
Home & Garden.
Gift cards.
The website is easy to navigate even on the move. The intelligent search field at the top of the website helps the buyer in the search phase of a specific product among those included in the decentralized ecommerce.
The rules for the purchase on the platform
Each purchase made on BitStash is placed as a smart contract escrow transaction . It means that the seller receives the funds only after you have received the goods. The cryptocurrency expenses remain in a security portfolio in the form of a guarantee deposit for you as a buyer but also for the seller.
On the marketplace there are no fees to pay, because purchases are made with the STASH token . For example, there is no VAT.
How to become a BitStash vendor
Anyone with something to sell can register and become a seller on BitStash .
Purchase orders made by buyers acquire the status of time sensitive escrow contract . As a seller, enter the order confirmation and shipment tracking number.
The customer has seven days to confirm receipt of the product or open a complaint. If nothing happens in seven days, the funds automatically switch to the seller's ETH wallet provided during registration.
The first 50 products included are free, the next ones cost 10 STASH. The seller has a unique 3.8% commission for all categories.
Here to register as a seller .
How to buy on BitStash
First we listed the product categories, but how to buy on BitStash ?
We see shortly the instructions necessary to register and buy.
Visit the website https://bitstash.co .
Click or type in Log in / Register .
Enter your email address and password and you are immediately active.
From the main menu on the left choose Address and provide the information required to start buying on BitShare. The info is for the seller to send you the goods.
And here's how it looks like a purchase order for a product, in this case a smartphone. The price is shown in US dollars and below the equivalent in ETH, but that will be paid with the STASH token.
How was the BitStash (STASH) ICO?
The ICO BitStash ended on July 31, 2018 preceded by a presale phase in June. At the end of the token salt of the STASH token , the project reached and exceeded its objective by collecting 103.4 ETH.
The total tokens available were 36 billion, of which 23 billion were put up for sale. At the end of the ICO they were burning the STASH token not sold , an important choice that carried out by the team in favor of those instead of the token they purchased. The latter, among other things, are receiving STASH tokens bought during ICO during these days.
The operation is publicly verifiable from here , it shows that 30 billion STASH tokens have been burned. Thus only 6 billion remain.
BitStash roadmap
An eye on the BitStash roadmap to understand the evolution of the project over time.
September 2018 : Launch and inauguration of the BitStash marketplace, available at the web address bitstash.co .
2019 : the BitStash marketplace adds marketing and advertising services at the beginning of the year. Reach the 1,000 sellers by the end of the year.
2020 : the e-commerce BitStash will seek collaboration with important brands to add products in the online store. At the same time partnerships will be signed with product suppliers.
2021 : By this year, BitStash is aiming for the 10 million total sales target on its decentralized online shopping platform.
Exchange where to buy the STASH Token
By reading the review of the BitStash Marketplace, you have realized that you need to have the token to make purchases. But where do you buy?
Two known decentralized token exchanges have listened to the STASH token , they are DEX ForkDelta and EtherDelta. Token Store has recently been added.
The BitStash team is working with the major exchanges to list the token as soon as possible. On the website https://ask.getdelta.io there is a promotion campaign in favor of BitStash. so that the token is soon added to other crypto exchanges.
BitStash wallet. Wallet where to store the STASH token
As previously written, the STASH token is an ERC-20 , so any Ethereum wallet compatible with the tokens of the ERC-20 standard can accommodate the token.
However, there are five main wallets to store STASH token :
MetaMask: as an extension of Chrome.
MyEtherWallet: to be used as an online STASH wallet.
Trezor: hardware wallet.
Ledger Wallet: hardware wallet.
imToken: Android and iOS mobile wallet app.
If you already have an Ethereum wallet but it is not compatible with ERC-20, import the address and the private key on MetaMask and you will be able to receive the token without problems.
In the development phase, the BitStash wallet will initially be used to keep the funds reserve and team accounts safe. In the future, it will welcome STASH coins from investors and buyers registered on the platform.
Conclusions
We have reached the end of the review of the decentralized BitStash Marketplace , you have learned the function of the STASH token, the rules for buying and selling on e-commerce, how to become sellers and how you buy. So we quickly read the project roadmap and see how and where to buy the STASH token.
Here is an explanation from me and to avoid all forms of fraud, please look for the correct information and reliably or visit the following link:
Website: https://bitstash.co
The ICO Site: https://bitstash.co/ico
WhitePaper: https://bitstash.co/whitepaper/
ANN: https://bitcointalk.org/index.php?topic=3735106.0
Twitter: https://twitter.com/bitstashco
Facebook: https://www.facebook.com/BitStash-Marketplace-170184787153225
Telegram: https://t.me/bitstashmarketplace
Author by: Apri222
Bitcointalk profile
https://bitcointalk.org/index.php?action=profile;u=2011722