YAY! Prize winning Article by MammyCrypto

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OmniBazaar (OMNICOIN) ICO project review - Crypto Currency new token evaluation decentralized online marketplaces based in US

I am starting this review about OminiBazaar with excitement because I am so happy there is an alternative to centralized marketplaces such as Ebay.  Having an decentralized option brings many benefits to both vendors and buyers. 

It is fair to say that for years I have become a crypto enthusiast, investor and now specialist. But before crypto I was in the realm of e-commerce and one of my first projects was my Ebay store. I started out few years after Ebay launched in 2002 but sadly stopped selling at the site because of diminishing profits.

The gradual increase in selling fees made it impossible to make the product attractive to buyers. New regulations did not allow me to showcase my own information in my paid product ads and that prevented me from generating residual traffic to my web site. To know that this monopolized industry of online market places is going to be shaken by decentralization makes me happy. 



Projects like OminiBazzar give vendors another option that is less expensive and less restrictive. Offering many vendors the chance to open the doors again. I am happily doing so by downloading their Software and selling some of that inventory I kept for a while. But I am not here to promote my personal little store, I am here to give you a break down evaluation of the OmniBazaar project and help you understand how the Token OmniCoin will be used, its value and qualities.

How does the OmniBazaar differ from other online marketplaces such as Amazon and Ebay?

1. True Peer-to-peer Marketplace - Omni Bazaar uses Crypto currencies to eliminate the bank as a middleman. no more high  percentage fees paid to PayPal or credit card companies.
2. Lower Fees - Because of decentralization the OmniBazaar platform will be able to offer 90% to 100% lower listing and advertising fees than current central data online marketplaces like Ebay or Amazon
3. Gateway to Crypto Adoption - Given the attractive price of its services and the ability to offer less expensive products OmniBazaar hopes to serve as a gateway to crypto adoption by accepting crypto payments only. The platform now accepts Bitcoin and OmniCoin
4. Speed of transactions - able to process 50.000 transactions per section, speed will be no problem when spending or receiving OmniCoin
5. Consensus - Advanced consensus and security systems
6. Decentralized crypto exchange - Investors will be able to buy and sell crypto currencies in the Omni Platform

The software is ready and it already available for download on the OmniBazaar web site for anyone ready to give it a try or would like to purchase some products using cryptocurrency.

Functionality of the OmniCoin:

The OmniCoin is used as a currency to buy and sell products on the OmniBazaar platform. 

Total Supply of OminiCoin: 25 billion
Soft Cap: $2,000,000.00 Dollars
Hard Cap: $20,100,000.00 Dollars

Distribution:



Token Sale Timeline:

Pre-sale price: $0.0015 Q3 2018
Token sale stage 1: $0.002 Q3 2018
Token sale stage 2: $0.0025 Q4 2018
Token sale stage 3: $0.003 Q4 2018

The Team & Headquarters: 

Consisting of 22 members the team offer a range of specialists of different nationalities aiming to launch this project on a global level. Headquarters of this project is in Florida, Unites States and the project is following all the guidelines requested by regulations. 

OmniCoin Foundation:

Similar to other crypto currencies the OmniCoin has founded a nonprofit organization. The Omni Coin Foundation as according to the project Website aim is to: “to foster a strong, open ecosystem for OmniCoin”

Additional Information: 

The Bountysuite Exclusive OmniCoin Bounty campaign is currently available to participate until quota of Omnicoin tokens is reached. Anyone interested in more information about the OmniBazaar project check out the links below.

Video Review:



OmniCoin Website
OmniBazaar software
OmniBazaar Ann thread
OmniBazaar Bounty

Author: Michelle Mafra
MamãeCrypto
MamaeCrypto.blogspot.com

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Disclaimer

My opinions are simply my opinions and not investment advice. I strongly recommend everyone investing or looking to earn or acquire cryptocurrencies to do their own research and get very educated about risks and security before acquiring, earning or investing. The content in this blog/ website is not investment advice. Please note that this web site also features sponsored content and referral affiliate links. Which means that when you click on some links and sign up for a product or service I may receive I small commission or credit for the referral. Most the the links also will give you an invite incentive that most often you would not receive if you do not use a referral invite link.

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