We live in a world of unending innovations and the greatest so far was the internet. With the help of internet so many things have been made easy and simple. It cuts across so many area such as Agriculture, Finance, Marketing etc. So also has it reached and revolutionise the traditional trading method of buying and selling. With this revolution you no more need to be at a particular area or place to get what you want its so easy and at the tip of finger using your mobile phones and laptops to buy and selling anywhere, anytime at your comfort zone. This is the true power and extent of the internet. But there are some setbacks of this innovation such as fraudulent activities of scamming individuals of their hard earned money which has led us to the quest of the most secure and transparent system for buying and selling.
Have you ever been a victim of scam before? How did you feel? Bad right.. Its depressing and personally I can relate to that based on my experience when I was first new to this Innovation. Have you long wished for the best and most 🔐 secure and not just secure but transparent system for your buying and selling activities? Have you wished for the platform online that will eliminate the threat of Scam to the minimum? Well Today I tell you wish no more. Today I shall be reviewing a peer to peer marketplace and this is not a new platform this is an already perfectly working system for years now but in the quest to bring more satisfaction to it customers there have to be some changes. This platform goes by the name of Listia. I can't proceed on my review about this new changes without introducing the platform.
Brief Introduction About Listia Marketplace
Listia is P2P (peer to peer) marketplace created by Ink Protocol for the purpose of buying and selling of used goals. It envisioned to create a safe, easy, and rewarding way for people to get rid of the unused stuff lying around their homes. Lunched 2009 and over the curse of the years so many ups and downs the platform has been striving and accomplished a round figure of over 10 Million registered users and have exchange not less than 100 Million items already. The marketplace is circulated with a single virtual currency 💱 for all transactions named Listia Credit. It's a centralized virtual currency with own advantages over the real world currency which was why it was Created by the company in the first place such as: No or Little Transaction fee, The inability to price used items etc. And this has drove the market to where it is today. Below is a screenshot of Listia Marketplace user interface.
What about a platform system where you can actually track your funds when making payments and much more faster transaction. Your must be wondering how this possible. This very possible with the innovation of the blockchain technology and this brings me to the main purpose of this writing.
Introducing a truly trusted and decentralized system of transactions.
Ink Protocol in the quest to create a true transparent and trusted system for it users. And they have come up with a brilliant idea of leveraging the blockchain technology; a new decentralized cryptocurrency and reputation system called Ink Protocol (“Ink”), which is powered by the Ethereum blockchain and XNK, an ERC20 compatible token. Ink is designed specifically for P2P marketplace transactions where trust between the buyer and seller may be limited.
The currency will not be limited to Listia Marketplace alone but can also be used as a full payment system for potentially any P2P transaction, independent of marketplace and remain a truly decentralized and reputable form of payment.
In addition the company will create a mobile standalone payment app called Ink Pay. The app is designed to obscure everything related to blockchain and cryptocurrencies, so anyone can start using it. True transparency is the ability is to see before you proceed, integrated in this blockchain technology is decentralization and transparency which has been leveraged by Ink Protocol when buyers and sellers meet they need to be less worried about trust because they can generated publicly accessible reputation of each other. And as user's continues transacting so those their reputation record grows. Below is a screenshot of the Ink Pay app
The Token
The Ink Protocol Token (XNK) is powered by the Ethereum blockchain and is a native of ERC20 utility token. Only 500 million will ever be created. The token was created with it features implemented that makes it unique such as:
● Fixed supply
● Fractionally divisible
● Non-inflationary
● Fungible and transferable
XNK will be the underlying currency used in all Ink Protocol transactions. As a result, all transactions and feedback are backed by proof of payment on the blockchain.
XNK is also earned by mediators for the mediation services that they provide on transactions.
XNK is already used on the Listia marketplace as the primary virtual currency for all transactions.
XNK is already listed and trading you can purchase some XNK on QRYPTOS or IDEX.
As said earlier Listia is an already working platform for years now which springs up the question what happens to the already Listia credit virtual currency? All sha be swapped and replaced with XNK when the final lunch happens
Analysis of the Token Distribution is made below check it out
About The Team
The team is comprised of experienced team member is the field of the project's target and they have been working together since 2009. For over 8 years and has created a reputable platform. Below is an highlight of the team and advisors. Check this link for more information about the entire team.
Use the below links for your further research about the project.
Website: https://paywithink.com/
Whitepaper: https://paywithink.com/wp-content/uploads/2018/02/Ink_Protocol_Whitepaper_V8_Listia_Inc.pdf
Telegram : https://t.me/paywithink
TWITTER: https://twitter.com/paywithink
Reddit: https://paywithink.com/
Bounty0x Username: PhilMovs