- Can be used to pay for goods and services on the marketplace
- Paying for goods with STRX gives you 3% cashback
- Allows token holders to promote listings and storefronts
- Can be traded with popular assets such as Bitcoin and Ethereum
- The total maximum supply is limited to 2,000,000,000
when accepting STRX
What will attract buyers and sellers to Storex when Amazon and eBay already exist?
We are one of the only e-commerce platforms to utilise blockchain technology which allows us to facilitate crypto payments for goods and services. We also pride ourselves on having no insertion fees for new listings and industry low processing fees for sales. We believe other e-commerce marketplaces impose unnecessarily high fees which can drastically reduce sellers' profit margins and discourage small businesses from establishing an online presence.
How are transactions protected from fraudulent activity?
By utilising blockchain smart contracts, we are able to protect both buyers and sellers during transactions. This is achieved by using a decentralised escrow service when a user makes an eligible purchase on the marketplace. 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 collectively arbitrate over the matter and release the funds through consensus decision-making.
How are disputes resolved on the marketplace?
If a buyer is not satisfied with their purchase and has been unable to reach an agreeement with the seller, they can create a dispute on the marketplace. This will allow both parties to provide all relevant information and evidence regarding the transaction. The community will then have the opportunity to arbitrate over the dispute and release any allocation of funds through consensus decision-making.
What payment methods are supported on the marketplace?
The marketplace will support many of the most popular cross-chain assets alongside the native STRX token including BTC, ETH, USDT, USDC, BNB and many more.
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