BITSTASH is a peer to peer (P2P) crypto commerce marketplace which enables buyers and sellers to
purchase or list products, goods or services.The BITSTASH platform provides a simple and securemarketplace for users to transact seamlessly between each other and with the trusted protectionprovided by our escrow system.16.8 Trillion USD is spent annually for products, goods or services all around the world. The e-commerce industry is growing rapidly and it is becoming easier to transact across borders. This opens the door for BITSTASH to scale globally and provide millions of people around the world the opportunity to open an online store and earn cryptocurrency; economically developing countries can greatly benefit from this. BITSTASH will be implementing several language translations for ease of use for all users across our platform.
THE PROBLEM
Cryptocurrency not accepted.
Cryptocurrencies and digital assets have remained unused by mainstream marketplaces and stores. This is significantly reducing the awareness, adoption, and usability of Cryptocurrency as a whole.
purchase or list products, goods or services.The BITSTASH platform provides a simple and securemarketplace for users to transact seamlessly between each other and with the trusted protectionprovided by our escrow system.16.8 Trillion USD is spent annually for products, goods or services all around the world. The e-commerce industry is growing rapidly and it is becoming easier to transact across borders. This opens the door for BITSTASH to scale globally and provide millions of people around the world the opportunity to open an online store and earn cryptocurrency; economically developing countries can greatly benefit from this. BITSTASH will be implementing several language translations for ease of use for all users across our platform.
THE PROBLEM
Cryptocurrency not accepted.
Cryptocurrencies and digital assets have remained unused by mainstream marketplaces and stores. This is significantly reducing the awareness, adoption, and usability of Cryptocurrency as a whole.
High monthly & transaction fees
Not only is it very hard to find places that will accept cryptocurrency, but if you are a vendor, manufacturer, wholesaler, or retailer, it can be expensive to sell your products online. Lots of the popular marketplaces require a monthly subscription to be paid in order to sell on their platform. For example, Amazon, Shopify, eBay, Alibaba, etc. In addition to their monthly selling fees, users on thevarious platforms are also subject to their processing and transaction fees that take away from the vendor’s or seller’s profit. In the end, this is driving common products to be overpriced to pay these marketplace owners. Over time, these fees increase from platform to platform; causing the price of products to rise as well. This is a very bad long term model.
High cost of advertising.
Large and small marketplaces often tend to charge a high rate for advertising on their platform. They are not transparent at all when it comes to their “Organic and Paid” displays. There are some options that are sponsored; however, in many cases when you, as a seller, are a paying an advertiser to advertise select products, the products that are not being advertised will appear higher in search naturally. Big companies such as Amazon and Ebay do this for select big budget advertisers. This use of “recommended advertising” is hurting smaller vendors, or those trying to start out, and takes away from a truly fair global marketplace. Manipulating the user experience or search results reduces the user’s ability of finding what they are looking for.
Extremely one sided resolution process.
It is very typical for marketplaces to be one sided when attempting to provide a resolution to a dispute. They tend to trust large vendors, even if you have been with them longer. Things do sometimes get misplaced or forgotten about; however, just because a large vendor or customer declares they are right does not mean that is the ethical course of action.
It is very typical for marketplaces to be one sided when attempting to provide a resolution to a dispute. They tend to trust large vendors, even if you have been with them longer. Things do sometimes get misplaced or forgotten about; however, just because a large vendor or customer declares they are right does not mean that is the ethical course of action.
Existing crypto-marketplaces require downloads & complicated setup.
If you are savvy enough to find other cryptocurrency marketplaces online, then you have found that just about all of them will require you to download and install their program to run the client. This can be extremely confusing for some vendors or customers, and reduces the overall experience that is already natural for most consumers. Most consumers will completely lose interest and move on to something else that is more convenient and easily accessible, which in turn will greatly reduce the opportunity for vendors and sellers to earn a sufficient stream of income via their marketplace.
BITSTASH SOLUTIONS
Lowest possible marketplace fees
Our current fee rate will never increase. In fact, they will only decrease over the course of time. The
marketplace seller fees will not be a monthly subscription, but will pay a maximum of 3% of the
total order.
Payments Accepted (Bitcoin, Ethereum, STASH, & more)
Currently, BITSTASH can process payment in Bitcoin and Ethereum. After the crowdsale, we are working to develop the internal exchange and integration of STASH Tokens. Before the end of the crowdsale, we will be listing three additional tokens, which can be used for transactions on the BITSTASH Marketplace.
Resolution Center / Returns & Refunds
The security of your cryptocurrency is something we prioritize and take very seriously. There is a lack
of trust on the internet, especially within the cryptocurrency space; which is why we have designed
and implemented our cutting-edge escrow system. This ensures delivery of product orders and payments. In the event that an ordered item is not delivered or can’t be verified as delivered, we will not issue funds to the vendor. Once a support ticket has been opened an resolved, the customers funds will then be returned. We have gone to great lengths to ensure that vendors as well as customers stay 100% satisfied with our resolution process.
Product Advertising and Placement
Ads can be slightly annoying at times, however, we have created a sustainable model where advertisement occurs seamlessly within our marketplace. Advertisers will be able to purchase what will be called “ad slots”. Advertisers will need to utilize STASH Tokens to start advertising. Advertising will be based on a first come first serve and will be a fixed price in tokens. All advertisements must meet BITSTASH standards and must not be in violation of BITSTASH Terms & Conditions.
Web & Application Clients
BITSTASH has a 100% functional web application that can be accessed from all computers, mobile
phones, and smart devices that have internet connectivity. This allows BITSTASH to reach the mainstream consumer base. Any vendor that does not wish to download or install any programs on their machine can avoid this completely. In addition, you can easily login anywhere within the world as
long as you have an internet connection.
BITSTASH MARKETPLACE
The BITSTASH marketplace is where members can buy or sell new items for Cryptocurrency. It is 100%FREE to join the BitStash marketplace. As a member on BITSTASH , you will have a secure Bitcoin and Ethereum wallet to use at your leisure. BITSTASH aims to be the primary solution for sourcing trusted vendors that accept cryptocurrency and STASH Tokens as payment. All vendors will offer quality productions on the website to ensure consumers have a quality experience on the platform. We have a 100% working platform that is currently live and accepting vendor applications all across the globe.
How it Works
Utilizing the BITSTASH Marketplace is extremely easy to use for both vendors and members. Simply
create an account, select whether you are a vendor or consumer. After the registration has been
completed, you will have an active account on BITSTASH . This means you now have a secure
Bitcoin and Ethereum wallet (more coins are to be added soon). To complete a purchase, you will need to fund your Bitcoin or Ethereum wallet. Once funded, simply browse the online marketplace and view vendor products. Simply choose a product you like and add it to your cart, or continue to checkout. During the checkout process, you will be offered delivery options, and the cryptocurrency you wish to complete the transaction in. That’s it! The vendor will receive a notification regarding your order and will begin their shipment process and delivery of the purchased items. To avoid any problems that may arise, we have set up an internal escrow system to ensure both the buyer and seller funds are safely secured during the entire process
Utilizing the BITSTASH Marketplace is extremely easy to use for both vendors and members. Simply
create an account, select whether you are a vendor or consumer. After the registration has been
completed, you will have an active account on BITSTASH . This means you now have a secure
Bitcoin and Ethereum wallet (more coins are to be added soon). To complete a purchase, you will need to fund your Bitcoin or Ethereum wallet. Once funded, simply browse the online marketplace and view vendor products. Simply choose a product you like and add it to your cart, or continue to checkout. During the checkout process, you will be offered delivery options, and the cryptocurrency you wish to complete the transaction in. That’s it! The vendor will receive a notification regarding your order and will begin their shipment process and delivery of the purchased items. To avoid any problems that may arise, we have set up an internal escrow system to ensure both the buyer and seller funds are safely secured during the entire process
Vendor Program
Becoming a Vendor on BITSTASH is 100% FREE. Simply “Create an Account” and select “I’m a Vendor” during registration. BITSTASH has a dedicated team that reviews all vendor applications and requests that you submit your first product for a faster approval process. One of the BitStash team members will be in contact with you regarding the posting process and the onboarding process. At BITSTASH , we want all of our vendors to utilize BITSTASH to the best of their ability and the BITSTASH Support Team will assist throughout the entire process. Each seller has a seller fee fixed to their account at the rate of 3%. This is the highest our fees will ever be. All fees are paid in STASH Tokens prior to withdrawals from sellers account. BITSTASH plans on reducing these transaction fees down to 0.25% during the course of operation.
Becoming a Vendor on BITSTASH is 100% FREE. Simply “Create an Account” and select “I’m a Vendor” during registration. BITSTASH has a dedicated team that reviews all vendor applications and requests that you submit your first product for a faster approval process. One of the BitStash team members will be in contact with you regarding the posting process and the onboarding process. At BITSTASH , we want all of our vendors to utilize BITSTASH to the best of their ability and the BITSTASH Support Team will assist throughout the entire process. Each seller has a seller fee fixed to their account at the rate of 3%. This is the highest our fees will ever be. All fees are paid in STASH Tokens prior to withdrawals from sellers account. BITSTASH plans on reducing these transaction fees down to 0.25% during the course of operation.
Verified Vendors
BITSTASH plans to integrate “Verified Vendors” into our existing platform. This will enable customers to build the trust between buyers and sellers when completing a purchase on the BITSTASH Marketplace. BITSTASH plans to include this within the next update of the platform in August, when we enable the ability to purchase goods with STASH Tokens.To become a verified vendor, you will need to have a physical inspection by a BITSTASH team representative. We will analyze your facility and make a final decision regarding your store becoming verified on the BITSTASH Marketplace.
BITSTASH plans to integrate “Verified Vendors” into our existing platform. This will enable customers to build the trust between buyers and sellers when completing a purchase on the BITSTASH Marketplace. BITSTASH plans to include this within the next update of the platform in August, when we enable the ability to purchase goods with STASH Tokens.To become a verified vendor, you will need to have a physical inspection by a BITSTASH team representative. We will analyze your facility and make a final decision regarding your store becoming verified on the BITSTASH Marketplace.
BITSTASH Affiliate Program
The Affiliate Program allows us to reach a larger audience and respectfully pay our members for their contribution to the marketplace. We have structured our affiliate program into 3 levels with the following payout rates for a completed transaction on BITSTASH . Each referral account is assigned to the referring member and commissions are earned for the lifetime of the account.
Wholesale
At the start of 2019, we plan on launching our Wholesale Platform, where manufactures and vendors will be able to offer their products at wholesale rates to consumers and retailers. This enables members the option to buy goods in bulk. The wholesale platform will have the same requirements as the retail section of BITSTASH Marketplace. Advertising and Product Promotion
The Affiliate Program allows us to reach a larger audience and respectfully pay our members for their contribution to the marketplace. We have structured our affiliate program into 3 levels with the following payout rates for a completed transaction on BITSTASH . Each referral account is assigned to the referring member and commissions are earned for the lifetime of the account.
Wholesale
At the start of 2019, we plan on launching our Wholesale Platform, where manufactures and vendors will be able to offer their products at wholesale rates to consumers and retailers. This enables members the option to buy goods in bulk. The wholesale platform will have the same requirements as the retail section of BITSTASH Marketplace. Advertising and Product Promotion
Promoting your products or services on BITSTASH is done via the STASH Token. There will be several advertising slots that a vendor will be able to choose from. Each will have different STASH Token values to purchase preferred packages. The price of advertising will remain the same in STASH Tokens until the official marketplace launch at which time the price to advertise may change to remain consistent with the BITSTASH Marketplace.
Use of Funds from Fees Collected
The fees collected will be entered into our company reserves fund. These funds will remain within the companies reserve until needed for expansion, upgrades, improvements, or additional services that will be introduced over the course of operation. Additionally, 10% of all fees collected will be distributed to all token holders every quarter. These airdrops are considered a reward for supporting the development of the BITSTASH Marketplace.
INTERNAL EXCHANGE
The Internal Exchange
The Internal Exchange will bridge the gap for user balances that are split when trying to complete a purchase. In the beginning, we will be able to create a trading volume based on our users utilizing the internal exchange. This will allow our team to seek external exchange partnerships easier. It will also allow us to become listed on places like Coin Market Cap and reaching a larger audience once our marketplace is officially live. The internal exchange will include all the necessary features as you would expect from candlesticks, live volume, current trades, trade history, and more. All cryptocurrencies that are available within the wallet will be available within the Internal Exchange as well. For example, this will solve one primary problem, if a member has $20 in Bitcoin and $15 in STASH Tokens and the product is $30 the BITSTASH user would not be able to purchase this product as their balance is not enough in just one cryptocurrency; however, with the internal exchange, it would allow users on BITSTASH to exchange the STASH or Bitcoin and complete the purchase with the desired cryptocurrency.
FOR MORE INFORMATION :
WEBSITE : https://bitstash.co
WHITEPAPER : https://github.com/bitstashco/BitStash-Marketplace/blob/master/bitstash-whitepaper.pdf
TWITTER : https://twitter.com/bitstashco
TELEGRAM : https://t.me/bitstashmarketplace
AUTHORS : TELLYSA
BITCOINTALK PROFILE : https://bitcointalk.org/index.php?action=profile;u=1898514
The fees collected will be entered into our company reserves fund. These funds will remain within the companies reserve until needed for expansion, upgrades, improvements, or additional services that will be introduced over the course of operation. Additionally, 10% of all fees collected will be distributed to all token holders every quarter. These airdrops are considered a reward for supporting the development of the BITSTASH Marketplace.
INTERNAL EXCHANGE
The Internal Exchange
The Internal Exchange will bridge the gap for user balances that are split when trying to complete a purchase. In the beginning, we will be able to create a trading volume based on our users utilizing the internal exchange. This will allow our team to seek external exchange partnerships easier. It will also allow us to become listed on places like Coin Market Cap and reaching a larger audience once our marketplace is officially live. The internal exchange will include all the necessary features as you would expect from candlesticks, live volume, current trades, trade history, and more. All cryptocurrencies that are available within the wallet will be available within the Internal Exchange as well. For example, this will solve one primary problem, if a member has $20 in Bitcoin and $15 in STASH Tokens and the product is $30 the BITSTASH user would not be able to purchase this product as their balance is not enough in just one cryptocurrency; however, with the internal exchange, it would allow users on BITSTASH to exchange the STASH or Bitcoin and complete the purchase with the desired cryptocurrency.
FOR MORE INFORMATION :
WEBSITE : https://bitstash.co
WHITEPAPER : https://github.com/bitstashco/BitStash-Marketplace/blob/master/bitstash-whitepaper.pdf
TWITTER : https://twitter.com/bitstashco
TELEGRAM : https://t.me/bitstashmarketplace
AUTHORS : TELLYSA
BITCOINTALK PROFILE : https://bitcointalk.org/index.php?action=profile;u=1898514
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