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Storex Marketplace
Q1 2020
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The 100,000 STRX airdrop is now live!
About Storex
Storex is changing the way e-commerce works by combining the multi-trillion dollar industry with blockchain technology. This will allow users to buy and sell products for cryptocurrency anywhere in the world. The marketplace can support millions of merchants and millions of listings. Storex does not charge its users for creating listings on the platform, which enables anyone to benefit from blockchain technology.
What Is STRX
Storex (STRX) is the native currency for the marketplace which uses the ERC20 Ethereum token standard. STRX can be used to purchase goods and services on the marketplace. Every listing will accept STRX alongside other supported payment methods. This allows the token to be freely traded on exchanges and used within the marketplace. There will only be a maximum of 2,000,000 STRX in circulation.
Storex Features
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Blockchain Technology
Every transaction and listing is stored on the blockchain and benefits from the security of the Ethereum blockchain -
Reliable and Secure
Blockchain never goes offline allowing for maximum uptime while also preventing listing tampering and account compromisation. -
Scalability
The marketplace will dynamically support millions of merchants and millions of listings. -
No Insertion Fees
Storex will never charge its users for creating listings on the marketplace which will widen accessibility. -
Low Processing Fees
Every sale on the marketplace will only be charged a 1% processing fee resulting in greater profit margins for merchants. -
Feedback System
Merchants can accumulate feedback ratings which are stored on the blockchain and can be transferred to other compatible platforms. -
Cash-back Rewards
Every purchase on the marketplace made with STRX will be eligible for 3% cashback until the promotion expires. -
Transaction Protection
Every transaction is protected by blockchain technology which uses a secure escrow system to release funds.
Roadmap
Genesis project founded
October 2017
Development on marketplace begins
August 2018
Token swap announced
September 2018
Genesis rebrand announced
June 2019
Genesis rebrands into Storex
July 2019
Storex token is created
August 2019
Storex token swap
August 2019
Storex airdrops
2019
Marketplace stable version released
2020
Cash-back Rewards
Every purchase made using the Storex token (STRX) will receive 3% cash-back on the value of the transaction. For example, a product purchased for 100 STRX will only cost the buyer 97 STRX (3% cash-back). This promotion will be valid until the pre-allocated funds of 100,000 STRX are depleted.
Advantages of STRX
- Used to purchase goods and services on the Storex marketplace
- Used to pay for featured listings
- Transactions using STRX will have low processing fees
- Purchases made using STRX will receive 3% cash-back*
- STRX can be traded on multiple exchanges
- The demand of STRX will gradually grow due to its limited supply
- Has a limited supply of 2,000,000 STRX
Comparison
 |
 |
 |
|
|---|---|---|---|
Project |
|||
| Decentralised | |||
| Community funded | |||
| Community driven | |||
Sellers |
|||
| Insertion fee |
FREE
excluding blockchain fees
|
$39.99
monthly subscription
|
$0.50
variable fees
|
| Processing fee | 1% |
15%
variable fees
|
15%
including PayPal
|
| Fraud resistant escrow | |||
| Transferrable reviews | |||
Buyers |
|||
| Fraud resistant escrow | |||
| Cryptocurrency payments | |||
| Cash-back scheme | |||
| Purchase services |
Project |
|
Decentralised |
|
| Storex | |
| Amazon | |
| eBay | |
Community funded |
|
| Storex | |
| Amazon | |
| eBay | |
Community guided |
|
| Storex | |
| Amazon | |
| eBay | |
Sellers |
|
Insertion fee |
|
| Storex |
FREE excluding blockchain fees |
| Amazon |
$39.99 monthly subscription |
| eBay |
$0.50 variable fees |
Processing fee |
|
| Storex |
1% |
| Amazon |
15% variable fees |
| eBay |
15% including PayPal |
Fraud resistant escrow |
|
| Storex | |
| Amazon | |
| eBay | |
Transferrable reviews |
|
| Storex | |
| Amazon | |
| eBay | |
Buyers |
|
Fraud resistant escrow |
|
| Storex | |
| Amazon | |
| eBay | |
Cryptocurrency payments |
|
| Storex | |
| Amazon | |
| eBay | |
Cash-back scheme |
|
| Storex | |
| Amazon | |
| eBay | |
Purchase services |
|
| Storex | |
| Amazon | |
| eBay |
Progress
-
EtherDelta
Pending -
DDEX
Coming Soon -
IDEX
Coming Soon
Frequently Asked Questions
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What is the Storex marketplace?
Storex is a decentralised marketplace which allows products and services to be purchased and sold for cryptocurrencies anywhere in the world.
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What does decentralised mean?
A decentralised marketplace means that control over the listings and transactions is transferred away from the company and towards the community.
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What can STRX be used for?
Storex tokens (STRX) can be used to buy and sell products or services on the marketplace, promote user listings, trade on exchange websites and reward purchases with up to 3% cashback.
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How many STRX tokens will there be?
There will be a total maximum supply of 2,000,000 STRX.
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What other payment methods will be supported on the marketplace?
The marketplace currently supports STRX, ETH and ERC20 tokens. There are also plans to widen the list of accepted currencies to include BTC, BCH and LTC.
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How are disputes resolved on the marketplace?
If a buyer is not satisfied with a transaction, they can dispute it in the Resolution Centre. This will allow both parties to provide relevant evidence concerning the transaction. The community will be able to arbitrate over the dispute and release the funds through a majority decision.
The 1% processing fee is normally transferred to the platform to support maintenance and development costs. In the event of a dispute, the fee will instead be distributed amongst the majority voters.A user's vote will be weighted against the accuracy of their voting history. For example, if 90% of a user's voting history has been accurate and in consensus with the majority of other voters, their future vote will have 90% of its weight. This applies to all marketplace users. -
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What exchanges will STRX be listed on?
The Storex token (STRX) is currently being integrated into EtherDelta and ForkDelta. There are also plans to integrate STRX into IDEX and DDEX.
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What will attract users to the marketplace?
Storex prides itself with having no insertion fees and low processing fees. This is very important to us as we believe other marketplaces unnecessarily impose high fees on sellers, which can drastically reduce profit margins and drive sellers away from their platforms.
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How are transactions protected from fraudulent activity?
By utilising Ethereum's smart contracts we are able to protect both buyers and sellers from fraudulent activity. This is achieved by using an escrow for each transaction. The funds will not be released to the seller until the buyer has received the goods and is satisfied with the transaction. If a dispute arises the community will have the opportunity to arbitrate over the transaction and release the funds through consensus.