OmniBazaar
Website:
Status:
Archived ICO
Token:
XOM
Start:
23-07-2018
End:
08-10-2018

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Comments

olcaytu2005 27 Jul 2018 08:15

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OmniBazaar is a new type of e-commerce marketplace that removes the middlemen and bankers from e-commerce.
OmniBazaar uses a patented “peer-to-peer-to-peer” architecture to remove the middlemen. It uses cryptocurrencies
to eliminate the bankers. OmniBazaar fees are up to 100% lower than those of existing e-commerce sites like eBay
and Amazon. OmniBazaar users deal directly with each other, rather than through a central site like Amazon or eBay.










                                                           The OmniBazaar system includes a built-in cryptocurrency called OmniCoin.
                                                           OmniCoin has the following features:
                                                              • block processing time less than 10 seconds,
                                                              • ability to process tens of thousands of transactions per second
                                                              • users can address transfers to a name, not a number,
                                                              • Proof of Participation (PoP) consensus protocol,
                                                              • an influencer marketing system,
                                                              • distributed social messaging,
                                                              • reputation tracking,
                                                              • escrow agents, and
                                                              • bonuses to provide user incentives for participation and growth.


                                                            OmniCoin Technical Information The breakdown below is a list of functionalities currently provided by our software.
                                                            Having a functioning, usable, distributed, marketplace platform sets us apart from the competition.
                                                              • Blockchain Security: Proof of Participation (PoP)
                                                              • Total Supply: 25,000,000,000
                                                              • Block time: 10 seconds or less
                                                              • Scalable to tens of thousands of transactions per second
                                                              • Easy Addresses: Send/Receive to an account name, not a number
                                                              • Distributed Escrow
                                                              • Distributed Chat
                                                              • User Reputation System
                                                              • User Acquisition Incentives
                                                              • Referral Rewards


                                                            Proof of Participation (PoP)
                                                            Proof of Participation (PoP) is a new cryptocurrency security protocol. One component of PoP is the Distributed Proof of Stake
                                                            (DPoS) protocol of Bitshares. We have extended and expanded DPoS by including four other metrics. The software uses these
                                                            metrics to determine which group of users may process transactions. PoP entrusts the processing of transaction only to the
                                                            most active marketplace users. These users would have the most to lose by trying to hack or attack the blockchain. Following
                                                            are the Proof of Participation metrics used to select Transaction Processors:
                                                              • Trust (DPoS votes by other users)
                                                              • Reputation score in OmniBazaar marketplace
                                                              • Activity as a Disseminator (number of new user referrals)
                                                              • Activity as a Publisher (number of listings published for others).
                                                              • Reliability


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Information

OmniBazaar is a community-owned, rewards-driven, cryptocurrency-enabled, peer-to-peer, e-commerce marketplace. The OmniBazaar system includes its own built-in cryptocurrency (OmniCoin), an influencer marketing system, social messaging, reputation tracking, escrow agents, and bonuses to provide user incentives for participation and growth.

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