[ANN] [ICO] Ethbay - A decentralized marketplace that uses Ethereum for payment

[EthbayICO]

Ethbay aims to become the the eBay of Ethereum with an Ethereum based decentralized peer to peer marketplace. With Ethbay, users can buy and sell anything using Ethereum as opposed to the regular fiat currencies accepted on standard marketplaces. It is one of the first truly anonymous marketplaces in existence. Users are not required to provide any personal information when signing up. Transactions are protected under an ultra secure Ethereum smart contract escrow to keep both the buyer and the seller safe. Ethbay also offers its service at a significantly reduced fee over other competitors. A low 1% fee is charged on the funds a seller receives when they make a sale as opposed to many popular marketplaces such as eBay and amazon who charge 10-15% fees to the seller. Ethbay also eliminates listing fees that many competitors charge. Fees are only charged when an item sells. A dispute resolution system will also be in place to quickly and easily resolve any disputes that may arise between buyers and sellers.

Ethbay is an Ethereum based ERC20 token. Investors will receive 5,000 Ethbay (EBAY) tokens for every 1 ETH they contribute, with up to a 25% bonus offered for early investors. There are a total of 100 million tokens in existence with up to 80 million tokens available for sale during the ICO. Token holders receive a proportional share of the profits generated by the platform paid to them in Ethereum on a monthly basis. Token holders will also have voting rights on site proposals and can submit their own proposals if they hold at least 200,000 EBAY tokens.

The ICO will begin on June 7 and will conclude on August 7. For more information, please visit our website at www.ethbay.co

[DamCryp]

interesting project... do you guys have any demo or mvp? would really like to look at this more in depth... how many memembers compose the team? Are you guys actively looking for partners? Members or others? Would be cool to hear back.

[EthbayICO]

interesting project... do you guys have any demo or mvp? would really like to look at this more in depth... how many memembers compose the team? Are you guys actively looking for partners? Members or others? Would be cool to hear back.

We are actually working on a demo right now. As of this moment it has not yet been released. In total we currently have 24 team members. We're always open to the possibility of adding new partners to our team.

[EthbayICO]

We're currently doing some renovation to our website to improve visual appeal and usability. If you're viewing the site and notice anything out of place or anything that appears confusing, this is why. We anticipate our renovation to be complete within the next week or so and then the site will back to normal and better than ever.

[EthbayICO]

Renovation to the new Ethbay site is almost complete! The final step we're working on is writing an HTML script to be able to display our smart contract on our website (currently we have a sample smart contract displaying as a placeholder). Other than that the new Ethbay site is up and running!

[Altcoinalerts]

Ethbay ICO listed on AltcoinAlerts.com

http://altcoinalerts.com/ico/ethbay-ico/

[EthbayICO]

HTML Script is complete and our smart contract is now displaying on our website! So our new website is now completely up and running!

[EthbayICO]

Ethbay is now on an https URL. New URL: https://www.ethbay.co

[Neurocrypt]

This looks good however there are thousands of crypto payment please how is Ethbay different?

[EthbayICO]

This looks good however there are thousands of crypto payment please how is Ethbay different?

Of course! We understand the large amount of competition currently in the cryptocurrency space.

One major feature our platform offers is complete anonymity with no personal information required to register on or to use the site. Since other marketplaces require at least some personal information to be able to register. Even if it's just an email address. This also includes an encrypted messaging system to be able to communicate with other users with complete privacy.

Many other marketplaces such as Bitbay also require the usage of the platform's own cryptocurrency to be able to make purchases on the site. While we do plan to implement the acceptance of Ethbay tokens for purchases on our platform, we also want to provide a space that makes cryptocurrency in general a more usable form of money. Since a common complaint is that cryptocurrency can't be used to buy much since most places don't accept it. Obviously, some other marketplaces do accept other cryptocurrency which I will cover in this next point:

Other marketplaces generally only accept bitcoin or in rare cases a couple other cryptocurrencies. While Ethbay is an Ethereum marketplace, we will have a built in exchange service to accept almost any cryptocurrency when making purchases that will quickly and easily be exchanged for Ethereum when transferring the funds to the seller. We currently estimate that about 80% of all cryptocurrencies will qualify for the exchange service. The other 20% are cryptocurrencies with especially low trading volumes that would be difficult to quickly exchange so these would not qualify for this service. There will be a small fee charged to use this exchange service that will be shared with token holders in addition to the 1% transaction fees.

In addition, other marketplaces generally only focus on the ability to buy and sell goods. Ethbay also wants to offer the ability to buy and sell services (like a decentralized fiverr) with a platform feature called Ethbay Services. As well the ability to transact locally using Ethereum as a base currency with another platform feature called Ethbay Classifieds. Just like with the buying and selling of goods, this service will significantly reduce fees normally charged when buying and selling services since fiverr charges a 5% fee to the buyer and a whopping 20% fee to the seller. Our built in cryptocurrency exchange can also be used to make purchases on both of these other platform features although Ethereum will remain as the base currency.

For people who wish to use the platform but don't own any cryptocurrency due to the high barriers of entry currently present to enter the cryptocurrency space, we have that covered as well. We plan to offer an easy to use fiat exchange to quickly buy Ethereum with fiat to use on the platform. We are experimenting with ways to offer this service in a secure manner without requiring any identity documents to use it (again the anonymity feature). Again, a small fee will be charged to use this service that will be shared with token holders.

This is not intended as an exhaustive list of differences between Ethbay and other competitors but just highlights a few major differences.

[EthbayICO]

We recently noticed an issue with the whitepaper link on our website after the switch to an https URL. This issue has now been corrected and the link to load the whitepaper works again.

[dulenziya]

Great project! I was wondering: Do you offer any sort of purchase protections after a transaction is finalized? For example, a buyer orders an expensive item. Buyer receives it and everything looks good so escrow is released. They later find out the item is fake and want a refund. Is there any sort of dispute process for a scenario like this?

[EthbayICO]

Great project! I was wondering: Do you offer any sort of purchase protections after a transaction is finalized? For example, a buyer orders an expensive item. Buyer receives it and everything looks good so escrow is released. They later find out the item is fake and want a refund. Is there any sort of dispute process for a scenario like this?

We certainly understand how this could become an issue at times. We don't want to provide any unnecessary delays in funds being released to the seller, since a common complaint from other centralized marketplaces is that sellers funds are held for long periods of time. And these long holds make sellers not want to use the services of these sites in many cases. Therefore, we encourage buyers to ensure that what they receive is as advertised (including authentication of goods if necessary) before releasing the escrow to the seller. For new sellers, or for sellers with lower feedback ratings, we are contemplating adding a delay time of somewhere between a few days and a week from when escrow is released to when the seller actually receives the funds. As an extra precaution to protect buyers in case an issue like this arises.

In the event the funds have already been released to the seller but the buyer can provide proof that the goods or services they received are not as advertised, the buyer still has a right to open a dispute and have it adjudicated in their favor. After which we can ask the seller to accept a return of the merchandise in exchange for a refund. If the seller were to not comply, their account would be suspended. It is important to note that if the funds have already been released to the seller, buyers will have a higher burden of proof in order to have a dispute decided in their favor. Because we don't want to unfairly force sellers to provide refunds if the funds have already been released to them and the transaction is finalized. How we handle this type of issue may also be addressed by our voting system. Where the token holders can vote on how they feel this particular issue should be handled. If users feel our method of handling this situation could be improved.

[EthbayICO]

The ticker symbol of our token has been changed from EBAY to EBY to resolve concerns over possible trademark issues with the company eBay Inc.

[EthbayICO]

Only 30 more days until the ICO starts!

[EthbayICO]

Hi, I would like to invite you to list your ICO for free on www.InitialCoinList.com, your ICO will be shared with our 1700+ FB followers.

If you have any question, please DM me.

Thank you

Thanks for sharing this! We have submitted our listing to your website

[EthbayICO]

There is an error in the countdown timer on our website counting down to the ICO start that we are currently investigating. So the countdown time displayed on the site currently is NOT accurate. The ICO will still begin on June 7 at 10:00 AM UTC as indicated but the days/hours/minutes/seconds time is currently off and we are working to fix this issue.

[EthbayICO]

We've installed a new countdown timer that now displays the correct countdown time on the site.

[EthbayICO]

Only 3 weeks until the ICO starts!

[123ltg]

ANY Bounty?

[EthbayICO]

ANY Bounty?

Yes. We will have a bounty program. Some of the fine details of the bounty program are still being worked out and we plan to make more announcements regarding bounties shortly after the ICO ends.

[EthbayICO]

2 more weeks until the ICO starts!

[EthbayICO]

10 days left until the ICO starts!

[french_andrey]

We will wait for the bounty campaign)

[wingding]

All not sold tokens will be burned? I would like to understand the future prospects of the project. I really like it.

[EthbayICO]

All not sold tokens will be burned? I would like to understand the future prospects of the project. I really like it.

This is correct. If the ICO does not sell out, we would prefer that the tokens be burned rather than allowing them to be retained by team members as many other platforms do. Because this oftentimes gives the team significant ownership of the platform and thus makes it more centralized. Some of the main future prospects we have are expanding the services we offer through adding additional features to the platform such as our planned Ethbay Services marketplace to buy, sell, and trade services as well as a Classifieds section to to buy and sell locally using Ethereum.

Some other planned site features we haven't mentioned on our website (because we're in the very early stages of planning for these features) include a pawn shop based service (Ethbay Pawn) where users can quickly obtain collateral backed Ethereum loans or quickly sell their merchandise for Ethereum without having to wait for a buyer on the main marketplace as well as an Ethereum based rental service (Ethbay Rentals) which will provide a marketplace specifically dealing with rentals of any item from one user to another, with rental agreements protected through our escrow service. We are also currently seeking some major business partnerships in order to further expand the services we are able to offer as well as provide these services on a mainstream level. Although I'm not allowed to disclose any partnerships that are currently being sought.

In the future, we also plan to provide a fully decentralized escrow service of our making to encourage both parties involved in a transaction to live up their agreement. Without the need for a third party to ever intervene. Because we want all features of our platform to be fully decentralized to live up to the blockchain theme of decentralization. We already have a few different decentralized escrow plans that we are currently testing and optimizing. Our current escrow service is in place to cater more to the mainstream public and encourage mass adoption. Since we have found that the general public would prefer an escrow service NOT to be fully decentralized because they prefer the normal dispute mechanisms in place by other online marketplaces for purchase protection. Through our own studies we've conducted, we currently believe a fully decentralized dispute process would not receive mass adoption.

[EthbayICO]

PHISHING EMAIL WARNING: We've been made aware that a few people have received emails from the email address wordpress@ethbay.co providing a fake ICO address to send Ethereum to in order to buy Ethbay tokens. This is a scam and this email was not sent by us. Our ICO has not started yet and even after the ICO starts, we will NEVER send our ICO address via email. If we receive an email inquiry asking for the ICO address, we will provide the link to the spot on our official website where the ICO address is (note: it should be easy to navigate to without having to contact us). For reference: Our official email address is ethbay@ethbayico.co and the personal email address of our founder and CEO is Brett.Murphy78@hotmail.com (we've also received a couple reports of phishing emails impersonating our CEO). Any variations of either of these email addresses are fake and NOT from us.

[leandro996]

will have airdrop  and masternode  ?

[EthbayICO]

will have airdrop  and masternode  ?

Yes, we are planning to do a few airdrops randomly during the ICO. Any airdrops will be announced on our website with information on how to participate. We currently do not have plans for Ethbay to have masternodes since the main cryptocurrency the platform intends to deal with is Ethereum when making transactions. However, this is likely to change in the future since we do plan to implement the acceptance of the Ethbay cryptocurrency on the platform when making purchases. Once this happens and the Ethbay cryptocurrency reaches a value that will make it a good usable form of money when making purchases, this would be the time we would place more focus on improving Ethbay as a currency through instant transactions, etc.

[EthbayICO]

WARNING: We have discovered a fake youtube channel impersonating us by copying our promotional video with a message in the video claiming they are "running a promotion on Ethereum and Bitcoin" with links to click to send them cryptocurrency which they claim they will double. We are running no such promotion and this is a scam. This is the fake youtube channel: https://www.youtube.com/watch?v=WzBcBGw-2Ac please beware of this and any other channels which have our promotional video claiming to be running a cryptocurrency giveaway.

[EthbayICO]

5 days left until our ICO starts!

[Nyur]

Hi! I just came to know about this project so don't have clear idea. I will check whitepaper and other documents for more info. But I always wanted to take professional help for crypto trading. It's seems that finally I found something interesting.

[EthbayICO]

Hi! I just came to know about this project so don't have clear idea. I will check whitepaper and other documents for more info. But I always wanted to take professional help for crypto trading. It's seems that finally I found something interesting.

Hello there, we're glad to hear that you find our project interesting! If you have any questions, don't hesitate to ask them here.

[EthbayICO]

3 more days until the ICO starts!

[EthbayICO]

1 day left until the ICO starts!

[EthbayICO]

Less than 12 hours until the ICO starts!

[EthbayICO]

5 more hours until the ICO starts!

[EthbayICO]

Only 90 more minutes until the ICO starts!

[EthbayICO]

Our ICO is now Live! This is our ICO investment address: 0xDFB4524b1C1fE01075FAB0bB4E16Db991D58A3Bd As previously mentioned, please beware of anyone claiming to be us sending an unsolicited email with a different ICO address.

[Nyur]

Tell me, please, such question, whether dividends will be added to holders of tokens of the given project?

[EthbayICO]

Tell me, please, such question, whether dividends will be added to holders of tokens of the given project?

Yes, token holders receive dividends paid in Ethereum. These dividends come from the fees collected by the platform. 100% of the fees collected are distributed to the token holders on a monthly basis.

[dimon2307]

Hi! I just came to know about this project so don't have clear idea. I will check whitepaper and other documents for more info. But I always wanted to take professional help for crypto trading. It's seems that finally I found something interesting.

[EthbayICO]

Hi! I just came to know about this project so don't have clear idea. I will check whitepaper and other documents for more info. But I always wanted to take professional help for crypto trading. It's seems that finally I found something interesting.

We're glad to hear that you find our project interesting! If you have any questions, don't hesitate to ask them here.

[EthbayICO]

Our 25% early investment bonus period is ending soon! Don't miss your chance to buy Ethbay tokens at our discounted price!

[EthbayICO]

Hello everyone! If you are investing in our ICO please make sure to include the appropriate gas price to ensure the transaction goes through. We've noticed a few users whose transactions failed due to out of gas errors. We recommend a using gas limit of 200,000 or more.

[EthbayICO]

guys, can someone tell me. Ethbay is a long-term investment so i dont want to sell it too early. will i get an option to hold tokens on cold wallet?

Absolutely! Ethbay tokens can be transferred to and held on any Ethereum wallet including a cold wallet. Tokens will be transferable as soon as the ICO ends. 

[EthbayICO]

In addition to ensuring proper gas limit is included with investments, please also make sure proper gas price (in Gwei) in included. We've had some investment transactions take a long time to confirm due to low gas prices on transactions. Please visit ETH Gas Station (ethgasstation.info) for up to date information on proper gas prices to include with transactions for fast confirmation.

[EthbayICO]

Check out a review of our ICO that was just posted by AMTV's Christopher Greene! https://www.youtube.com/watch?v=DeUgnu8dz0U

[leps]

ANY Bounty?

Yes. We will have a bounty program. Some of the fine details of the bounty program are still being worked out and we plan to make more announcements regarding bounties shortly after the ICO ends.

Who the heck announces a bounty campaign after the ICO? You want to make a bounty program before the end of the ICO. You guys should be aware how bounty programs work in this space by now.

[EthbayICO]

We've decided to extend our current bonus period for an additional 48 hours. The current bonus period will now end on June 16 at 10:00 AM UTC

[Icostream]

Found a very detailed review of Ethbay, what do you think of it? https://icostream.org/ico/ethbay/

[EthbayICO]

Found a very detailed review of Ethbay, what do you think of it? https://icostream.org/ico/ethbay/

Thanks for the review!

[zenting]

This project is great. I like this project because every team member and  management is very active. they are always helpful for us. The team sees the problem in the crypto currency market and see the way to solve it. This project certainly will successful.

[EthbayICO]

This project is great. I like this project because every team member and  management is very active. they are always helpful for us. The team sees the problem in the crypto currency market and see the way to solve it. This project certainly will successful.

Thank you for the kind words. It is much appreciated!

[EthbayICO]

Our current bonus period has been extended. The current bonus period will now end on June 28 at 10:00 AM UTC.

[EthbayICO]

Check out our new telegram channel at http://t.me/ethbayofficial  Please note that we are no longer posting our ICO address on telegram for security purposes to avoid scams. Our ICO address can always be found at http://www.ethbay.co/contribute

[cryptomarketdondotcom]

the looks of a fraud ICO

[nazareth flith]

I think this project deserves to be supported, I really like, this project has a cool team and concept, hopefully the team can promote this project well and many investors know it, a successful friend.

[EthbayICO]

Only 12 more hours left in the ICO! Last chance to buy Ethbay tokens before they hit exchanges! Don't miss out on this opportunity.

[EthbayICO]

I think this project deserves to be supported, I really like, this project has a cool team and concept, hopefully the team can promote this project well and many investors know it, a successful friend.

Thank you for the kind words!