Are you tired of using traditional e-commerce marketplaces that charge high fees, require you to share personal information, and lack transparency in their decision-making process? If so, Storex may be the solution for you. Storex is a decentralized e-commerce marketplace built on the Proton blockchain that offers several advantages over traditional marketplaces like eBay and Amazon.
1. Lower fees
One of the primary advantages of Storex is its use of cryptocurrency payments and the Proton blockchain, which enables it to charge lower fees than traditional e-commerce platforms. Currently around 3 percent for marketplace transactions. This is because the blockchain technology used by Storex eliminates the need for intermediaries like payment processors and banks, which often charge high fees for their services. As a result, Storex can pass these savings on to its users, making it a more cost-effective option for buying and selling goods and services online.
2. Decentralization and transparency
Another advantage of Storex is its decentralized and transparent governance structure. Storex is will be governed by a decentralized autonomous organization (DAO), which means that users have a say in the platform's decision-making process. This is in contrast to traditional e-commerce platforms, which are often centralized and controlled by a single entity. The decentralized governance structure of Storex ensures that decisions are made in a transparent and democratic manner, which can help build trust and foster a sense of community among users.
3. Integration with WebAuth.com Enhances privacy and security.
In addition to its use of blockchain technology and cryptocurrency payments, Storex also offers integration with WebAuth.com on the Proton Blockchain. WebAuth.com is a secure authentication system that can be used to verify user identity without the need for passwords or usernames. you can simply sign in with your webauth mobile wallet found on both android and apple app stores. Think of this like the paypal of identity. This adds an extra layer of security to the Storex platform, which can help prevent fraud and ensure that transactions are conducted in a safe and secure manner. Unlike traditional e-commerce platforms, which often require users to share personal information that is normally stored on location like credit card details and other personal information, Storex only requires users to provide a webauth wallet to sign in for their chosen cryptocurrency. This ensures that users can protect their personal information from potential data breaches or hacks.
5. Native token and zero fees
Finally, Storex offers a native token called STRX, which is built on the Proton Chain and benefits from the network's zero fees. This means that users can transact on the platform using STRX without incurring any additional fees, which can help reduce costs and increase efficiency. Anyone using STRX on the marketplace will benefit from 0 fees. Additionally, the use of a native token can help incentivize users to participate in the platform and contribute to its growth and development. If the store front collects enough fees from other currency transactions a portion of that could be given back to STRX holders as a staking a reward.
Conclusion
Storex's use of blockchain technology and cryptocurrency payments offers several advantages over traditional e-commerce marketplaces like eBay and Amazon. From lower fees and decentralized governance to enhanced privacy and security, Storex provides a more cost-effective, transparent, and secure way to buy and sell goods and services online. This puts Storex at the forefront of the blockchain revolution.
Storex has recently entered it's closed beta and you can find out more about storex here. https://storex.io/
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