Vimsquare - A new dawn in the e-commerce industry and blockchain.

in #vimsquare • 3 years ago (edited)

We have already seen the rise of Blockchain concept and it's widely acceptance. Decentralized exchanges can differ dramatically in terms of technology, security, legal implications, economic implications, and more. Technology always moves on and the second generation development is now in trend called DeFi (Decentralized Finance). Where we have lots of opportunities to earn more. We can stake, Lend/Borrow assets and can yearn via Yield Farming from the idle assets which are lying in our wallets. Now again further advanced technology is knocking the door called Cross-chain DeFi Protocol. Where two or more Blockchain can interact with each other.

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Cryptocurrencies and its underlying technology have opened a decent deal of opportunities for humanity. The concept of cryptocurriencies runs on the blockchain technology. Blockchain technology promises to facilitate fast, secure and inexpensive international payment processing services (and other transactions) through the use of an encrypted distributed ledger that provides reliable real-time transaction verification without the need for intermediaries such as correspondent banks and clearing houses. Now the users are able to transact in Fast , Safe and scalable environment.

The future payment system backed by real assets. Bitcoin2.0 is a new Cryptocurrency similar to bitcoin, yet is backed by a far superior blockchain technology platform as well as an almost instant payment system that will enable transactions as fast as Visa. This will be for much lower fees for our merchants than Bitcoin. This means that Bitcoin2.0 is a more stable currency unlike Bitcoin, which suffers from high volatility, and makes it a more suitable payment system likely to be used for the long term. Also in the future Bitcoin2.0 users can apply for one if our branded debit cards to make converting between crypto and fiat seamless and ease of use for making everyday purchases. A digital currency that everyday people can use everyday.

About Vimsquare

Vimsquare ($VIM) is a cryptocurrency platform that is based on the AMM protocol. It allows users to make direct trades between their wallets. Unlike centralized exchanges, AMMs do not have an order book and the prices are determined by a formula. This makes Acardex a decentralized exchange that is backed by a network of trusted parties. TheVimsquare ($VIM) platform has several advantages over other decentralized exchanges. First, it offers anonymity, and decreases counterparty risks. Second, it is fast and cheap. And third, it does not require KYC. Fourth, it is free to use. Finally, it allows users to exchange their native tokens for ADA, BTC, and ETH. All of these benefits make Vimsquare ($VIM) the perfect platform for anyone who wants to trade cryptocurrencies.

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The $VIM tokens are used to reward users for participating in different operations on the Vimsquare Marketplace. The token will serve as a pricing structure for product listing on the Vimquare platform. $VIM token will be used for platform product advertising fees, and subscription fees for upgraded customer accounts.

E-commerce is a global success. E-commerce sales grew by 15,78% from 2016 to 2017. This statistic is even more impressive as global retail sales only grew by 3,1%. It’s clear that e-commerce has become a big part of the retail industry and due to its success, it’s important to know who was the first e-commerce site in the world.

The first ever ecommerce website in the world was established in 1994 by Pierre Omidyar. He is an Iranian-American entrepreneur, who founded several companies including eBay and First Virtual Holdings.

Though the website doesn’t exist anymore, many people liked it so much that it is still remembered today. It was at a time when internet was still new in the business world and online shopping wasn’t as popular as today.

The first ever ecommerce website in the world started as a hobby for Omidyar, but then he wanted to share his discovery with others. He thought that it will be easier to sell his personal belongings over the internet, rather than going to garage sales. However, eBay became bigger than just selling things from his home and ended up being one of the biggest websites on Earth.

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3 years ago in #vimsquare by
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