Below is a press release that we have posted on social media and will be submitting elsewhere.
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PRESS RELEASE
APRIL 4th 2017
Our vision is to create a new system of commerce that will create new jobs for an information based economy, and to help break away from the current system of debt based money.BBP | Bata Barter Platform. We are changing commerce for the better.
BBP| Bata Barter Platform, Exchange, and Marketplace represent a transformative vision of the future of commerce, with the goal of removing the greatest pain points in the lives of sellers and buyers of goods and services. Providing unique interfaces, tools and automation features for traders of goods and services, commerce will be redefined by Bata. Users will more easily participate in barter as means of trade, while also allowing traditional buying and selling, and adding a system of incentives and leverage to traders and users in unique ways. It will build up a new form of trading community around the Exchange and Marketplace, and bring value to the entire cryptocurrency ecosystem.
Traditional Barter Platform vs. BBP
Bartering helps you exchange goods or services at once, without money. It has no limits and can be done both on a very small-scale and on an exceedingly larger-scale. The arrangements are under the control of member-only associations, with credit units the channel of exchange, (other terms like trade exchange, barter exchange and countertrade exchange). To explain the channel of exchange, different terms like credits, units, barter dollars or trade dollars are being used. As the medium of exchange, the term which is mostly used is trade dollar.
Looking deeper into barter deals there is huge difference between direct barter and exchange barter. In return barter, you may use your capacity, inventory or excess time to trade for goods and services you need. For such deals, you don’t need money as long as you are part of a barter group with other businesses. Each business earns trade dollars which can be employed for the exchange of the things you want. Direct barter means to swap the service or product for the service of your seller.
The scale of the projects required three white papers outlining the implementation.
White Paper One - BBP | Bata Barter Platform
White Paper Two - PoW / PoS Hybrid
BTA’s transformation from a Proof of Work Scrypt based cryptocurrency to a POW / POS Hybrid and the introduction of Uber-Nodes, our version of a “Masternode”.
BTA’s growth has been organic, much like Bitcoin, with no funding or premine and established late April of 2015.
White Paper Three - Profit Shares / Internal Exchange
BBP will offer Profit shares and run an internal exchange which will also have numerous functions including exchanging BTA for TRADE, Profit Shares and help generate funds.
It’s still early and we want to get feedback from the community, early and often.
We are getting the vision, whitepapers and roadmap out to the world now, because we need the best developers in the world to come help build the best commerce system in the world, built on blockchain technology with Bitcoin at the base of it all.
For more information or updates join the BTA Slack.
Original Source -
https://medium.com/@bata.io/bbp-bata-barter-platform-6bbdd6b4b607
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