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3trade is based on the eBay model, but payment is only by cryptocurrency, our own cryptocurrency, iPounds (i£), which is built on the Radix network. The model is based on a steep discount to buyers instead of free airdrops. This will mean we are able to attract and retain customers through high quality goods at much lower than usual prices. It is our hope that this will also attract buyers who have not yet ventured into cryptocurrency. Sellers will list their goods for sale at their normal price. The buyers will receive a discount from us and the seller gets paid the full price, less the 2% selling fee. Of the 2%, 1.5% will be posted to the profits wallet and distributed to holders of our other token, 3Trade(3TR) on a regular basis. The remaining 0.5% will be posted to the admin wallet to cover running costs. In the last three years, eBay has averaged net revenue of over $10B on over $80B of sales. Worldwide, there are around 600m users of cryptocurrency, which is about 7.5% of the population. We have set ourselves a target of only half of these users, producing 3.75% of eBay sales within the next ten years, which would be around $3B sales. The 1.5% transferred to the profit wallet for distribution would, if we reach target, be $45M per year. Of course, if adoption of cryptocurrencies continue to rise, then sales could turn out to be much higher. Even at this conservative estimate, using the industry standard of 10x earnings, this would estimate a value of the business in ten years time of $450M or 0.045cents per 3Trade(3TR). This estimate does not even consider other sources of revenue which may be found once the business is established. We believe that the cryptocurrency market is just waiting for a business model like this and we further believe that we have the first mover advantage. Although we are not offering free airdrops, we are offering a limited amount of these tokens on the market, prior to the main listing at only 170XRD($10) per million tokens, less than a quarter of estimated earnings within 10 years. Only 10bn tokens will be released at this time and will be reserved on a first come-first served basis, with a maximum purchase of 100m each. If you miss this release, we will have further releases in the future, but it may be at a higher price. There will also be a free market established on some of the major exchanges. It is estimated that the second release will be in August, but we have no details of this for the moment. Decisions on the runnning of the business or changes to the allocation of profits, etc will be by the majority of the holders of this token. The website is due to launch in June 2024. |