June 8th, 2018 at 5:58 pm UTC · 2 min read
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.
In addition to developing the Storeplex marketplace, the Storeplex team have also created the PLEX token which will be used as the primary currency on the platform. With PLEX, buyers will be able to purchase goods and services while sellers can use PLEX to upgrade and promote their listings within the platform.
Users of the token also benefit from a number of incentives including a cashback scheme and a Community Investment Fund aimed at supporting upcoming entrepreneurs.
To raise additional funds to further develop the Storeplex marketplace and to implement an efficient marketing strategy, Storeplex is offering investors the opportunity to purchase PLEX tokens to help raise funds via an Initial Coin Offering.
Users will receive PLEX in return for investing Ether. These PLEX tokens are the main currency used on the Storeplex marketplace and can be used to purchase goods and services in addition to being used to purchase account upgrades and promotions within the platform itself.