Although Ethereum is younger than Bitcoin, the mother of cryptocurrencies, it is no secret that it has been a game-changing technology in the blockchain space. The Ethereum blockchain is based on a superstructure that makes it trustworthy, transparent, secured, and it can self-manage without interference. Ethereum is perhaps the most widely used platform for decentralized applications (DApps). Apart from powering DApps, Ether also powers decentralized autonomous organizations (DAO’s), smart contracts, and simple transactions.
For any platform or user enlisted or utilizing the smart contract blockchain, the Ethereum Blockchain comes with significant benefits such as cheaper transactions, quicker payment processing times, decentralized online market, verifiable supply chains, safer transactions, borderless and peer-to-peer transactions. Additionally, smart contracts are a blockchain-based agreement that will be executed automatically when both parties comply with their part of the agreement. When it comes to online stores, Ethereum’s smart contracts offer a level playing field for both merchants and the shoppers, where each must be satisfied before a fund is approved or credited to whom it is due
For instance, when a shopper checks out of the merchant’s website, the funds paid will be kept in the smart contract, after which the seller will authorize the transfer of product ownership and connect the contract to the shipping company concerned. The smart contract will only then release the money into the merchant’s wallet. This function benefits both the merchant and shopper. Nonetheless, this example is only one of many smart contract applications, as the same method can be used in different organizational processes such as supply chains, projects and company accounts
For this reason, the founder of Primereum chose to use the Ether blockchain to provide the best solution needed to create the first-ever 100% crypto-based eCommerce platform.
Who is Primereum?
Primereum is a decentralized ecosystem that offers a wide range of products, including payment systems, point-of-sale systems and an online marketplace. The Primereum ecosystem uses blockchain technology which includes gateways and new and alternative methods of payment. The Primereum ecosystem is also driven by a stable ERC20 utility token, the Primereum Fuel (PMF), anchored to 1 gram of gold. Ethereum has also been selected as one of the 30 other cryptocurrencies to be used on Primereum platform.
How Can the Ethereum Community Benefit from Using Primereum?
There are many services and retailers accepting payments in Ethereum. Those not accepting Ethereum are actively working to support the ecosystem in one way or another. The Primereum online marketplace will accept over 30 other cryptocurrencies including Ethereum.
Based on a peer-to-peer business model, Primereum also promotes the free-flowing transfer of value to its clients by offering a transparent sharing economy that will connect buyers, sellers, affiliates, bounty hunters, business owners, partners, advertisers, using cryptocurrencies like Ethereum.
Ethereum customers can use their coin to purchase the PMF tokens via the Fuel store, which can be used for all our platform services such as, the Marketplace, Wishlist And Remittance system. Customers can buy goods on the marketplace and exchange with other members using PMF tokens. Additionally, the Wishlist system allows a customer to list a product they want to be purchased on their behalf, in exchange for the PMF token. When a product buyer chooses to purchase the item from the Wishlist, the balance of the PMF tokens offered by the customer interested in buying the product will be kept in the Escrow system. The marketplace will also include competitive affiliate and bounty programs that will provide attractive incentives for the engagement and promotion of the Primereum ecosystem.
PRIMEREUM is a simple and versatile way to use your Ethereum tokens and shop online. If you’re part of the Ethereum community, you don’t want to miss this chance.
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Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality.