Public Market

Commission-free eCommerce

#1 Product of the DayMay 11, 2018

Public Market is restoring the Commercial Commons by building an open, transparent, and competitive architecture for marketplace eCommerce by leveraging blockchain technology to replace these closed, private, rent-extracting intermediaries with an open architecture and protocol for eCommerce.

Around the web

Reviews

52966
194746
295959
 +12 reviews

Discussion

You need to become a Contributor to join the discussion - Find out how.
1281140
Raul Gasteazoro@raul_gasteazoro
Best idea I've heard in ages... combining commerce, open markets and free trade, with the power of crypto
287520
KJ EricksonMaker@kjer · CEO
@raul_gasteazoro glad you think so! thanks so much for your support.
878559
Davis Baer@daviswbaer · Co-Founder of OneUp
Commision free, free shipping... @kjer How do you plan on monetizing?
287520
KJ EricksonMaker@kjer · CEO
@daviswbaer it’s an entirely different business model based around a token. The protocol itself lives within a nonprofit foundation, and gets supported by the token itself. These new business models are pretty revolutionary, actually!
878559
Davis Baer@daviswbaer · Co-Founder of OneUp
@kjer Sounds interesting :)
634543
Carlos J. Argüello@cjarguello · Product Manager & UI/UX Designer
Decentralizing eCommerce for GOOD
159461
Cody Fitzpatrick@codyfitzpatrick · Founder @ Timeline.io & OrbitalOne
Surely the company will attempt to make money somehow, which brings to question the necessity of blockchain. You could more easily create an e-commerce platform similar to the pre-existing options, with fees only slightly greater than the cost of running the platform if you're truly out for sellers' best interests. Will users be required to buy your virtual currency in order to pay a (more likely than not) monthly fee?
1464589
Robin JonesMaker@robin_jones
@codyfitzpatrick No, there are no monthly fees for sellers. No commissions. No listing fees. As KJ said in an above answer, it’s an entirely different business model based around a token. The protocol itself lives within a nonprofit foundation, and gets supported by the token itself. Stay tuned for updates and the release of our product and white paper by signing up at publicmarket.io or joining our Telegram community https://t.me/publicmrkt
287520
KJ EricksonMaker@kjer · CEO
@codyfitzpatrick Good insights. To answer your question, no -- our tokens function as rewards points, and we don't have plans to use them to charge a monthly fee. We're building the business model around the token itself. Exactly how it works is somewhat in depth for this response, so I encourage you to sign up for our white paper when it's released (publicmarket.io). In the meantime, Chris Dixon has a nice post investigating how these new network models can work: https://medium.com/@cdixon/crypt...
159461
Cody Fitzpatrick@codyfitzpatrick · Founder @ Timeline.io & OrbitalOne
Thank you both (@wubledoo & @kjer) for the informative responses. I look forward to reading the whitepaper when it's released. I'll brush up on Chris Dixon's post in the meantime. Wishing you all the best with this venture!
1464589
Robin JonesMaker@robin_jones
@codyfitzpatrick Looks like KJ and I are both answering at the same time! Giving you a lot to read! :)
1464589
Robin JonesMaker@robin_jones
@kjer @codyfitzpatrick Thank you! We look forward to knocking your socks off!
11562
Kevin Moore@kevrmoore · Capitalist
This sounds lit AF!
287520
KJ EricksonMaker@kjer · CEO
@kevrmoore we like to think so ;)