An international e-commerce platform FLOGmall presents a revolutionary service – Automatic Mechanism For Token Exchange (ATES) between holders without the participation of the platform. It is a simple and transparent system with an internal token rate and clear algorithm preselling tokens between sellers and buyers.
How Does It Work?
The functionality of this service is partially similar to the internal service of mutual obligations. At the same time, it is an automatic mechanism for exchanging tokens between holders without participation of the site. Automatic token exchange occurs for the performance of a useful action on the site.
When purchasing FLOGmall tokens in pre-ICO or ICO stages, a user who wants to become a token holder receives a substantial discount on their purchase. After the main ICO, the site launches the process of its monetization through the provision of additional services and functionality. The site undertakes to ensure that the token rate on the automatic token exchange service will be higher than the rate that was in the pre-ICO and ICO stages.
After launching the site, the token holder accesses to ATES. At ATES, he/she can exchange his/her tokens purchased at the ICO stages to sellers and other users who purchase site services. Thus, from the very first day of work, FLOGmall shares the proceeds of the site with the holders of the tokens. Also, the holder can realize purchased tokens to any user who sees the growth prospects for the token due to the closest placement of the token on the exchange.
Safety of Funds
Platform employees do not have access to user wallets, including Mallcoin (MLC) wallets. Funds received at ATES are automatically controlled by the platform. After making an exchange for another cryptocurrency, the funds will be automatically sent to the account of the holder without the participation of people.
The employees of the platform do not have access to the ATES wallets and cannot transfer from them. To work with the ATES service, you must perform a useful action on the FLOGmall site.
Useful actions at the moment are: registration on the site, creation of an advertisement, advertising in the community, use of one of the site services, participation in the development of the project (submission of offers for improving the service, participation in the voting, video review, etc.). A list of useful actions can be added, partially abolished and updated at any time.
Why Do You Buy Mallcoins?
Upon Flogmall launch and the start of sales of goods and services for individuals or online stores, users will need to purchase more coin tokens. As the platform becomes more popular the need for tokens will be growing steadily on the daily basis, the demand for tokens will correlate and will be directly proportional to the demand for the service of the platform.
From the point of finance, ATES practically means that all the incoming revenue is allocated to repaying benefits to the token holders.
“This is the revolution in both e-commerce and the world of investment. It could be compared to an instant when Ebay, Alibaba or Amazon would share the revenue with ordinary people simply because users sold goods and services on their sites”, comments Aleksey Khayrutdinov, the founder and the CEO of FLOGmall project comments.