Public Market: Commission-free eCommerce

Davis Baer

Youform

Commision free, free shipping... @kjer How do you plan on monetizing?

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7yr ago

KJ Erickson

Public Market

Maker

@daviswbaer it’s an entirely different business model based around a token. The protocol itself lives within a nonprofit foundation, and gets supported by the token itself. These new business models are pretty revolutionary, actually!

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7yr ago

Davis Baer

Youform

@kjer Sounds interesting :)

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7yr ago

Cody Fitzpatrick

Timeline.io

Surely the company will attempt to make money somehow, which brings to question the necessity of blockchain. You could more easily create an e-commerce platform similar to the pre-existing options, with fees only slightly greater than the cost of running the platform if you're truly out for sellers' best interests. Will users be required to buy your virtual currency in order to pay a (more likely than not) monthly fee?

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7yr ago

Robin Jones

Public Market

Maker

@codyfitzpatrick No, there are no monthly fees for sellers. No commissions. No listing fees. As KJ said in an above answer, it’s an entirely different business model based around a token. The protocol itself lives within a nonprofit foundation, and gets supported by the token itself. Stay tuned for updates and the release of our product and white paper by signing up at publicmarket.io or joining our Telegram community https://t.me/publicmrkt

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7yr ago

KJ Erickson

Public Market

Maker

@codyfitzpatrick Good insights. To answer your question, no -- our tokens function as rewards points, and we don't have plans to use them to charge a monthly fee. We're building the business model around the token itself. Exactly how it works is somewhat in depth for this response, so I encourage you to sign up for our white paper when it's released (publicmarket.io). In the meantime, Chris Dixon has a nice post investigating how these new network models can work: https://medium.com/@cdixon/crypt...

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7yr ago

Cody Fitzpatrick

Timeline.io

Thank you both (@wubledoo & @kjer) for the informative responses. I look forward to reading the whitepaper when it's released. I'll brush up on Chris Dixon's post in the meantime. Wishing you all the best with this venture!

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7yr ago

Robin Jones

Public Market

Maker

@codyfitzpatrick Looks like KJ and I are both answering at the same time! Giving you a lot to read! :)

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7yr ago

Robin Jones

Public Market

Maker

@kjer @codyfitzpatrick Thank you! We look forward to knocking your socks off!