I am trying to buy crave for crave market. I collected 9000 crave. If i get 1000 crave more it ll happen. I ll be the first operatör in the market
From what I understand, vendor bond amount is determined by the market operator. So there will be a competition in that. More market operators would like to set low bond amount to lure vendors in. Also market operators will get the transaction fee they set, so there will be a competition on that too.
Let's say I opened a market with 500 CRAVE vendor bond amount and I said I would take %5 of the deals. Than olcaytu2005 comes and says the vendor bond amount in his market is only 250 CRAVE and he would only take %4 of every transaction. Competition = better service, lower prices = liberal economy.
I don't know about the insurance part but I guess it won't because market operator will pass the transaction after getting confirmation that the goods arrived.
Anyway, we will understand and learn more when it releases. I am so excited.
By the way, we discussed this before but I really like the idea of having a market operator as a middleman. The trustless, "decentralized" markets doesn't fit in my logic, its just not realistic to me. There are thousands of ways abusing such a deal.
Buy and hold, dont panic!
Agreed. Stake or let your mn's pay you nice income.
At current price its about 8 btc (more than 2k$) to open a market.
And yes the market operator is supposed to be paid with fees afaik.
That is correct. But also not many people supposed to open markets anyway, 2k$ investment for a market is nothing at the moment. If you want to purchase a buy&sell website just like ebay from a developer it would be at least 20x of that investment. Even ready to use php scripts cost around 3-4k$ and they still need a lot of development. If the plan works out and the market gets some popularity, market operators will earn a lot more than stakers and MN holders for sure. But at the beginning it is expected to see not much profits. I also think (again, if the plan works out and markets get known by the sellers and buyers = big job for the community) there will be specific markets in the future such as clothing markets, digital downloadable product markets etc.
So opening a market is not really an investisment. Anyway the profitability will depend on volume & popularity.