[ICO] 1st 🥇 marketplace working on the blockchain right now! - Storeplex 🛒

[Storeplex]

I want to ask, what is your opinion about online buying and selling fraud, which causes the bad name of buying and selling online? then how do you develop your online buying and selling business so interesting to visit? thanks.

We believe that a lot of the fraud that is committed on marketplaces, such as eBay and Amazon, is completely avoidable. This is because chargebacks can be initiated from third-parties like PayPal, which will return the funds to a buyer more often than not, which leaves sellers without their item and without their money. We have also implemented a verification system which will visually display next to the seller’s name. This means that Storeplex have verified the seller’s identity and the seller has successfully completed 10 or more transactions. This will help to give reassurance to buyers.

[Storeplex]

Is it possible to mine your coins?

Unfortunately, PLEX tokens cannot be mined. They can only be minted during the Pre-ICO and ICO.

[Storeplex]

Why would someone shop online? Low prices and comfort obviously
Because online retail stores, online stores do not have to pay rent, salaries to staff and miscellaneous admin expenses
I hope storeplex will bring new ideas as well. Cant wait to pay for daily stuff using crypto

Low prices and comfort is fine. But i hope storeplex has a system in place to check the background of the sellers.

New sellers will be limited on their selling activity until they conduct numerous successful transactions. There’s also a verification system whereby sellers can provide ID and documents to receive a “verified badge” next to their name which gives confidence to potential buyers.

[Chetainya]

Is it possible to mine your coins?

Unfortunately, PLEX tokens cannot be mined. They can only be minted during the Pre-ICO and ICO.

Is this a security token or a utility token?

[Storeplex]

Is it possible to mine your coins?

Unfortunately, PLEX tokens cannot be mined. They can only be minted during the Pre-ICO and ICO.

Is this a security token or a utility token?

It's a utility token

[kanika1102]

Why would someone shop online? Low prices and comfort obviously
Because online retail stores, online stores do not have to pay rent, salaries to staff and miscellaneous admin expenses
I hope storeplex will bring new ideas as well. Cant wait to pay for daily stuff using crypto

Low prices and comfort is fine. But i hope storeplex has a system in place to check the background of the sellers.

New sellers will be limited on their selling activity until they conduct numerous successful transactions. There’s also a verification system whereby sellers can provide ID and documents to receive a “verified badge” next to their name which gives confidence to potential buyers.

Will you include the buyer reviews for the sellers?

[Storeplex]

Why would someone shop online? Low prices and comfort obviously
Because online retail stores, online stores do not have to pay rent, salaries to staff and miscellaneous admin expenses
I hope storeplex will bring new ideas as well. Cant wait to pay for daily stuff using crypto

Low prices and comfort is fine. But i hope storeplex has a system in place to check the background of the sellers.

New sellers will be limited on their selling activity until they conduct numerous successful transactions. There’s also a verification system whereby sellers can provide ID and documents to receive a “verified badge” next to their name which gives confidence to potential buyers.

Will you include the buyer reviews for the sellers?

Yes, there is a rate button on each transaction where the buyer can give the seller ratings on three areas: the accuracy of their description, their communication skills, and the despatch time of the product/service. These ratings are transferrable onto other mediums as it uses blockchain technology.

[Storeplex]

Is it possible to do delivery in Russia If I buy something from you ? What will be benefits if I buy products from u but not from the ordinary shops?

If the item you are purchasing is legal in your jurisdiction, then yes it is absolutely possible. One of the advantages to online shopping is the unrivalled variety that cannot be found from ordinary shops. Also, our marketplace solely accepts cryptocurrencies. It is very unlikely that a shop will accept cryptocurrency payments.

[kanika1102]

Why would someone shop online? Low prices and comfort obviously
Because online retail stores, online stores do not have to pay rent, salaries to staff and miscellaneous admin expenses
I hope storeplex will bring new ideas as well. Cant wait to pay for daily stuff using crypto

Low prices and comfort is fine. But i hope storeplex has a system in place to check the background of the sellers.

New sellers will be limited on their selling activity until they conduct numerous successful transactions. There’s also a verification system whereby sellers can provide ID and documents to receive a “verified badge” next to their name which gives confidence to potential buyers.

Will you include the buyer reviews for the sellers?

Yes, there is a rate button on each transaction where the buyer can give the seller ratings on three areas: the accuracy of their description, their communication skills, and the despatch time of the product/service. These ratings are transferrable onto other mediums as it uses blockchain technology.

This would be a very good feature. We can get to know about the reputation of the buyers from these ratings as well. Like in search of Airbnb, if we do not have many reviews or a lot of negative reviews, this leads to bad reputation of that particular property.

[Storeplex]

Will you include the buyer reviews for the sellers?

Yes, there is a rate button on each transaction where the buyer can give the seller ratings on three areas: the accuracy of their description, their communication skills, and the despatch time of the product/service. These ratings are transferrable onto other mediums as it uses blockchain technology.

This would be a very good feature. We can get to know about the reputation of the buyers from these ratings as well. Like in search of Airbnb, if we do not have many reviews or a lot of negative reviews, this leads to bad reputation of that particular property.

The marketplace will display the user's average rating. So one-time negative reviews will not detriment a seller, espeically if it was an unfair rating. But if a seller consistently receives bad ratings, the average will decrease, which indicates to buyers that the seller does not have a good reputation.

[kanika1102]

Will you include the buyer reviews for the sellers?

Yes, there is a rate button on each transaction where the buyer can give the seller ratings on three areas: the accuracy of their description, their communication skills, and the despatch time of the product/service. These ratings are transferrable onto other mediums as it uses blockchain technology.

This would be a very good feature. We can get to know about the reputation of the buyers from these ratings as well. Like in search of Airbnb, if we do not have many reviews or a lot of negative reviews, this leads to bad reputation of that particular property.

The marketplace will display the user's average rating. So one-time negative reviews will not detriment a seller, espeically if it was an unfair rating. But if a seller consistently receives bad ratings, the average will decrease, which indicates to buyers that the seller does not have a good reputation.

Yeah true that. Its always the average rating, that gives us the fair idea of the reputation of the seller.

[kanika1102]

Will you include the buyer reviews for the sellers?

Yes, there is a rate button on each transaction where the buyer can give the seller ratings on three areas: the accuracy of their description, their communication skills, and the despatch time of the product/service. These ratings are transferrable onto other mediums as it uses blockchain technology.

This would be a very good feature. We can get to know about the reputation of the buyers from these ratings as well. Like in search of Airbnb, if we do not have many reviews or a lot of negative reviews, this leads to bad reputation of that particular property.

The marketplace will display the user's average rating. So one-time negative reviews will not detriment a seller, espeically if it was an unfair rating. But if a seller consistently receives bad ratings, the average will decrease, which indicates to buyers that the seller does not have a good reputation.

Yeah true that. Its always the average rating, that gives us the fair idea of the reputation of the seller.

How do you plan to handle the complains of both the parties?

[Chetainya]

Is it possible to mine your coins?

Unfortunately, PLEX tokens cannot be mined. They can only be minted during the Pre-ICO and ICO.

Is this a security token or a utility token?

It's a utility token

Will the marketplace show the products cost in USD/ GBP or Plex tokens? Sorry if this has been asked earlier.

[kanika1102]

Is it possible to mine your coins?

Unfortunately, PLEX tokens cannot be mined. They can only be minted during the Pre-ICO and ICO.

Is this a security token or a utility token?

It's a utility token

Will the marketplace show the products cost in USD/ GBP or Plex tokens? Sorry if this has been asked earlier.

Looking at their MVP, the prices are quoted in USD. Now I do not now whether it will be local currencies for other countries, but definitely not in plex i guess.

[Storeplex]

Will you include the buyer reviews for the sellers?

Yes, there is a rate button on each transaction where the buyer can give the seller ratings on three areas: the accuracy of their description, their communication skills, and the despatch time of the product/service. These ratings are transferrable onto other mediums as it uses blockchain technology.

This would be a very good feature. We can get to know about the reputation of the buyers from these ratings as well. Like in search of Airbnb, if we do not have many reviews or a lot of negative reviews, this leads to bad reputation of that particular property.

The marketplace will display the user's average rating. So one-time negative reviews will not detriment a seller, espeically if it was an unfair rating. But if a seller consistently receives bad ratings, the average will decrease, which indicates to buyers that the seller does not have a good reputation.

Yeah true that. Its always the average rating, that gives us the fair idea of the reputation of the seller.

How do you plan to handle the complains of both the parties?

If buyers have a complaint with a transaction, they can start a dispute in the resolution centre and if sellers have a complaint, they can contact Storeplex via email.

[Storeplex]

Is it possible to mine your coins?

Unfortunately, PLEX tokens cannot be mined. They can only be minted during the Pre-ICO and ICO.

Is this a security token or a utility token?

It's a utility token

Will the marketplace show the products cost in USD/ GBP or Plex tokens? Sorry if this has been asked earlier.

The marketplace has several currencies to display prices in. These range from local currencies to cryptocurrencies. It’s purely down to user preference. All payments will still be in cryptocurrency though.

[Storeplex]

Is it possible to mine your coins?

Unfortunately, PLEX tokens cannot be mined. They can only be minted during the Pre-ICO and ICO.

Is this a security token or a utility token?

It's a utility token

Will the marketplace show the products cost in USD/ GBP or Plex tokens? Sorry if this has been asked earlier.

Looking at their MVP, the prices are quoted in USD. Now I do not now whether it will be local currencies for other countries, but definitely not in plex i guess.

PLEX will be one of the currencies on the marketplace that users can display prices in and purchase goods or services with.

[kanika1102]

Is it possible to mine your coins?

Unfortunately, PLEX tokens cannot be mined. They can only be minted during the Pre-ICO and ICO.

Is this a security token or a utility token?

It's a utility token

Will the marketplace show the products cost in USD/ GBP or Plex tokens? Sorry if this has been asked earlier.

Looking at their MVP, the prices are quoted in USD. Now I do not now whether it will be local currencies for other countries, but definitely not in plex i guess.

PLEX will be one of the currencies on the marketplace that users can display prices in and purchase goods or services with.

I guess my bad then. So there will be real time conversion of prices into plex tokens based on the price of plex tokens on the exchange. Right?

[Storeplex]

Looking at their MVP, the prices are quoted in USD. Now I do not now whether it will be local currencies for other countries, but definitely not in plex i guess.

PLEX will be one of the currencies on the marketplace that users can display prices in and purchase goods or services with.

I guess my bad then. So there will be real time conversion of prices into plex tokens based on the price of plex tokens on the exchange. Right?

That is correct. The displayed price will be a real-time conversion.

[kanika1102]

Looking at their MVP, the prices are quoted in USD. Now I do not now whether it will be local currencies for other countries, but definitely not in plex i guess.

PLEX will be one of the currencies on the marketplace that users can display prices in and purchase goods or services with.

I guess my bad then. So there will be real time conversion of prices into plex tokens based on the price of plex tokens on the exchange. Right?

That is correct. The displayed price will be a real-time conversion.

How much sales have you reached?