STOREPLEX - The Decentralised Global Marketplace For Products and Services On The Blockchain

PRESENTATION

A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Storeplex, a decentralised marketplace that allows anyone to buy and sell products or services for cryptocurrencies on a global scale has arrived.

Now that I have your attention, let’s get right to it.

What exactly is STOREPLEX?

Storeplex is the world’s first fully functioning ecommerce marketplace that allows users to buy and sell products and services on the blockchain. The marketplace is seeking to spark a revolution within ecommerce by combining one of the most profitable industries with blockchain technology. By using the Ethereum blockchain, Storeplex is able to achieve a decentralised marketplace while utilising all of the advantages that come with blockchain technology. The use of smart contracts provides our users with a secure and user-friendly approach to cryptocurrency ecommerce.

A project of this size and ambition requires funding to continuously improve, evolve and innovate as the leading decentralised marketplace. This is why they are crowdfunding via an initial coin offering of our PLEX token. They believe that this method of funding is the most beneficial to their project and to their users as it allows the community to actively participate in the development of the marketplace. In return, participants of the initial coin offering will receive PLEX tokens at a heavily discounted rate. This provides a great opportunity to increase initial investment while supporting a revolutionary project.

The Objective

The objective is to combine ecommerce and blockchain technology to create a global marketplace, while solving numerous problems that are present with centralised marketplaces, such as eBay and Amazon. By raising funds via an Initial Coin Offering, they are able to further develop the Storeplex marketplace and implement an efficient marketing strategy. This ultimately provides a better end-product to our users. The token sale will allow investors to purchase PLEX tokens at a reduced rate, which helps fund the project. Investors will receive a utility token that can be used on the Storeplex marketplace as well as traded on supported exchanges.

Problems and Solution

Being the latest blockchain project aiming to disrupt a multi-trillion dollar industry, the Storeplex marketplace allows both everyday users and merchants to buy and sell products and services for cryptocurrency by combining one of the world’s most profitable industries with blockchain technology. One of the biggest problems currently facing the ecommerce industry is fraud.

The Storeplex marketplace is a revolutionary step in combating fraudulent transactions and users on ecommerce marketplaces by ensuring that its users and funds are secured and protected by smart contracts. Through the utilisation of the Ethereum blockchain and the use of custom built smart contracts, Storeplex is able to provide its users with a secure and user-friendly approach to cryptocurrency ecommerce. The platform also charges its users no final value or listing fees.

The Advantages of Storeplex

Storeplex will be the ideal marketplace used to sell and purchase goods and services.

The presence of the community investment fund will promote small-scale entrepreneurs.

Sellers will be able to upgrade their accounts and promote their listings.

The platform will be accessible and low-cost means of accessing goods and services as there will be no processing fees charged when users transact using Plex tokens.

The StorePlex Blockchain

Uses blockchain technology

Every transaction and listing is stored on the blockchain and is persistent.

Reliable and secure

Blockchain never goes offline allowing for maximum uptime while also preventing listing tampering and account compromisation.

Scalability

The Storeplex marketplace will dynamically support thousands of merchants and millions of listings.

No insertion fees

There are no insertion fees for sellers when they create listings.

No processing fees

0% processing fees for transactions using PLEX. Only 1% processing fees for other supported payment methods.

Community funding

Community Investment Fund will be used to assist small-scale entrepreneurs in expanding their business.

Feedback system

Merchants can accumulate feedback and ratings on transactions which are stored on the blockchain and can be used on other mediums.

Cashback scheme

Purchases made using PLEX receive a 3% cashback.

Buyer & seller protection

The Smart Contracts protect buyers and sellers from fraudulent transactions by utilising an escrow.

Token and ICO Details

Storeplex Logo PLEX is the marketplace’s primary currency which utilises the ERC20 Ethereum token standard. It can be used to purchase goods and services on the Storeplex platform. Every listing on the marketplace will accept PLEX alongside other supported payment methods. PLEX can be transferred between any ERC20 compatible wallets, such as MetaMask, Parity and Mist. This allows PLEX to be freely traded on exchanges as well as being used on the marketplace. There will only be a maximum of 100,000,000 PLEX in circulation.

Token Details

Ticker Symbol: PLEX.

Platform Ethereum (ERC20).

Accepts: ETH.

Soft Cap: 2,000,000 USD.

Hard Cap: 20,000,000 USD.

Total supply 100,000,000 PLEX.

The Plex ICO

By raising funds via an Initial Coin Offering, we are able to further develop the Storeplex marketplace and implement an efficient marketing strategy.

This ultimately provides a better end-product to our users. The token sale will allow investors to purchase PLEX tokens at a reduced rate, which helps fund the project. Investors will receive a utility token that can be used on the Storeplex marketplace as well as traded on supported exchanges.

Token Distribution

WHY YOU SHOULD CHOOSE PLEX?

Purchase of goods and services on the Storeplex marketplace

Promotion of users' listings and upgrade seller accounts

To support entrepreneurs in the Community Investment Fund

Transactions using PLEX will incur no processing fees

Purchases made using PLEX will receive 3% cashback

Can be freely traded on exchanges

PLEX has a constantly growing demand due to its usefulness

Has a limited maximum supply of 100,000,000 PLEX

ROADMAP

Late 2017

Storeplex project founded

Late 2017

Storeplex marketplace development begins

Early 2018

Completion of marketplace demo

Mid 2018

PLEX token airdrop

Mid 2018

Marketplace demo available

Mid 2018

PLEX token pre-sale

Mid 2018

PLEX token main sale

Late 2018

PLEX listed on exchanges

Mid 2019

Storeplex marketplace live

THE TEAM

Rylan Jackson - Co-Founder & Lead Developer.

Stephen Jackson - Co-Founder Jordan Hinks Senior Developer.

Seán Lyons - Economic Advisor.

Daniel Grice - Manager of Community Relations.

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: http://www.storeplex.io

Whitepaper: http://storeplex.io/documents/STOREPLEX_WHITEPAPER.pdf

Roadmap: http://storeplex.io/#roadmap

Twitter: https://twitter.com/storeplexio

Telegram: https://t.me/joinchat/HkVaF0cOO4clBNwv8i4VcQ

Github: https://github.com/Storeplex/Storeplex

Reddit: https://www.reddit.com/user/Storeplex/

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.