I like the idea of applying blockchain tech to the ecommerce sector... it's clearly a match made in heaven. But what is the real value created here that couldn't be handled by an existing token? Does your platform really need this token? Are you offering more than a discount to purchasers? Why will your token continue to retain or gain value? Thx
Hello AlphiryA,
Thank you for your attention. EMAC will be used in every purchase from the eMarketChain marketplace, regardless if it is done in fiat payment or EMAC. In case the buyer chooses to use fiat for purchasing, our exchange algorithm will convert it into EMAC internally and send it to the smart contract. The EMAC Token will be then halted for a certain period, before being sent to the reseller/business. The duration of this halt depends on the account and rating of the reseller/business.
This is very important for the EMAC value. That means that in any certain moment there could be EMAC tokens in end-customers, merchants, exchanges or other roles with business connected to EMAC, but also a great amount will be stocked in smart contracts for the refund period. Higher adoption of eMarketChain.co means more purchases each day and more EMAC tokens locked in smart contracts. Having in mind that all EMACs will be created on the token sale event and no further tokens will be created ever again, that can only mean that supply will get shorter with the locked tokens. Our opinion is that such difference in supply and demand can only drive the price of EMAC up.
The main thing that we are offering is 15% cheaper goods (thanks to the blockchain technology) on our e-commerce platform.
For more information please check our article at medium:
https://medium.com/@emarketchain/emac-token-economy-and-its-core-value-9fe67bc8284