Ethbay ICO

updated 22 April 2018

A decentralized peer to peer marketplace where users can buy and sell using Ethereum

Whitepaper
Token sale info
LVL
Status: ended
Start: 07 June 2018
End: 07 August 2018
Cap: 15 000 ETH
(4 297 350 USD)
Goal: 3 000 ETH
(859 470 USD)
Find out more

Description

Ethbay is a decentralized peer to peer marketplace where users can buy and sell using Ethereum. In the future Ethbay plans to add additional features to its platform including Ethbay Services where users can also buy and sell services using Ethereum (essentially a decentralized fiverr). As well as Ethbay Classifieds where users can buy and sell locally using Ethereum as a base currency. Ethbay is one of the first truly anonymous marketplaces in existence. No personal information is required to sign up and users are ready to buy and sell immediately after registration. Transactions are protected using an ultra secure Ethereum smart contract escrow to keep both the buyer and the seller safe. Unlike standard marketplaces that charge 10-15%+ fees to sellers, Ethbay charges a low 1% fee making it a highly preferred option among sellers. The platform also eliminates listing fees that many marketplaces charge. 

Token Usage

Tokens are held for an ownership of the platform and to receive a share of the profits generated by the site. Profits will be paid on a monthly basis in Ethereum and payments will begin being made following the main launch of the platform. Tokens are also used for voting rights on site proposals and users can submit their own proposals for voting if they hold a minimum of 200,000 tokens. Only token holders can participate in the voting.

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