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Ether market public listed ETHR token Since the holder’s first governance vote, on Uniswap. The utility of tokens is directly related to the interaction between users and the market.On top of proprietary tokens, Ethair Market currently supports fiat currencies and cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Stellar and USDC, and more.
The market is currently in a testing phase, allowing sellers to purchase their products before they are fully released. Ethair Market operates in the traditional B2C/C2C model. There are two types of listings: Market is a new fixed price item, and “Buy Offer Bid” (called BOB on the platform) includes new and old auction items that customers can buy. Direct bidding or bidding is the same as in traditional auctions.
Ethair is actively marketing through Google, YouTube, Yahoo and Twitter ads. Uber ads in Los Angeles, Chicago and New York will soon appear on billboards on major highways across the country.
You can view the token contract of ETHR here.
What is the ETHR token utility?
ETHR is Ethair’s native token, which has been integrated into key components of the market. Its usefulness expands throughout the market and allows users to enjoy various benefits. This means that they can enjoy the “off-chain” benefits of using ETHR as a payment method on the platform, thereby eliminating the need for gateway or blockchain fees by having a token balance in their account.
Especially for sellers, tokens offer various discounts. By holding 100 ETHR in their account, sellers can get a 10% discount on the final value of each sale. When they pay in ETHR, they will also receive a 15% discount on advertising fees and get exclusive advertising spaces for token holders, which are also paid in ETHR.
These utilities are currently only available to token holders. Once the deposit function is fully implemented to enjoy these benefits, these utilities will be extended to all users.
Governance vote
All Ethair Market users who hold any amount of ETHR in their accounts are eligible to obtain governance voting rights on certain token matters. This makes tokens practical and gives users the ability to control potential behaviors.
Token Economics and Minting
ETHR is an Ethereum-based token (ERC-20) with an initial supply cap of 2 million. There is no maximum supply cap. However, the creation of additional tokens is directly related to the user’s market transactions. ETHR can only be minted by converting points generated by customer transactions into ETHR. This is the only way to create additional tokens and promote platform utilization.
These integral It is Ethair’s reward system, and every successful transaction will be rewarded. They are provided as part of the 25% final value expense reimbursement of each transaction provided to both parties, thus further reducing market expenses.
When users request to exchange their points into ETHR tokens, our smart contract will first give them a platform exclusive bonus that is 10% more than the value of ETHR exchange. This will multiply the request by two. The newly minted ETHR is then provided to users, and the rest is evenly distributed in the two pools.
Referrals program Part of the prize pool rewards generated to reward users who have recommended verified market customers. These rewards will be issued monthly for a limited time of 1 year, after which the governance vote will determine the next usage of the mining pool.
The corporate account pool is intended (but not limited to) to be used for promotions and partnerships.
Company goals and expansion
Ethair’s goal is to become a more customer-friendly platform. They aim to improve the services that the market can provide to users, and their main goal is to support sellers and their businesses.
By integrating Stripe as its form of payment processing, Ethair currently supports users in the United States and Canada, and is already looking to expand to another 45 countries/regions.
The next step is to implement the NFT market. The way Ethair imagines NFT is a mixture of on-chain and off-chain states, allowing cross-chain, no-fee, and instant transactions, and at the same time bringing technology closer to the public through unique use cases.
Social
https://twitter.com/EthairMarket
https://www.facebook.com/EthairMarket/
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Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.
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