Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust-based model. Completely non-reversible transactions are not really possible since financial institutions cannot avoid mediating disputes.
The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for nonreversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party.
Contracts, transactions, and the records of them are among the defining structures in our economic, legal, and political systems. They protect assets and set organizational boundaries. They establish and verify identities and chronicle events. They govern interactions among nations, organizations, communities, and individuals. They guide managerial and social action. And yet these critical tools and the bureaucracies formed to manage them have not kept up with the economy’s digital transformation.
They’re like a rush-hour gridlock trapping a Formula 1 race car. In a digital world, the way we regulate and maintain administrative control has to change. Blockchain promises to solve this problem. The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically.
What Is AllforCrypto?
The Allforcrypto.com is the main sort of shopping site that has had the capacity to enable distinctive customers to buy different things on the platform with up to around 60 cryptographic forms of money. The merchants on the platform are likewise ready to sell their things consistently simply like eBay however at lower charges and a superior platform that can secure against misrepresentation.
The platform has a rundown of things you can buy; this is from garments, advanced products, adornments, PCs and embellishments, telephone and frill just to give some examples. The platform has a rundown of things that you can buy considerably more easily. With the blockchain innovation behind internet shopping, be guaranteed you are utilizing the best innovation while doing your shopping. In addition, the capacity to utilize your crypto coins to buy different things then this is certainly the eventual fate of web-based shopping.
The AllForCrypto group does not acknowledge some other types of instalment, for example, bank exchanges and charge cards because of the probability of misrepresentation with respect to the purchaser. Along these lines, the merchant is as secure as the purchaser, which isn’t the situation with locales like, for instance, eBay.
Organization AllForCrypto has one noteworthy preferred standpoint over such platforms, for example, eBay. The AllForCrypto framework will enable purchasers to effectively discover the items they need to discover, make instalments securely and without the danger of extortion, just as ensure buys in a considerably more proficient manner. Thus, when AllForCrypto is propelled, it will take a piece of the overall industry from all current P2P platforms. Since the market esteem ranges from 11 to 20 billion US dollars, including every single real site, there is likewise a noteworthy pay that AllForCrypto can utilize.
Token Sales will rely upon the likelihood of their utilization through buys. The expense of the AFCT token on the platform won’t diminish, so proprietors of tokens can be certain of its esteem.
65 million ICO sales
12 million staff
9 million Reserve + exchange
7 million Founders
5 million PRE ICO Sale
2 million bounties
40% Recruiting Staff
35% of ICO Marketing
10% Website Development
50% Marketing and Promotion
Reserve 23% + Exchange
20% of operations
5% Website Development
The AllForCrypto model is completely based on commission payments.
AllForCryptoplatform will charge a fee of 5% for each transaction. Although at the same time, discounts for both buyers and sellers, as well as bonuses will be available for promotion through tokens. All basic forms of encryption will be accepted, as well as encryption for the token itself. Buyers and sellers will be able to hold tokens, trade them on exchanges or use them on the platform.
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Bounty BTT: https://bitcointalk.org/index.php?topic=4997584