Topic: [ANN] [UTLE]Ultimate Coin [POS Masternodes][Loyalty Nodes][Ultimate Marketplace] - page 6. (Read 15741 times)

hell of a plan like to be a part of this 250 coins seems low though but then again i am sure we won't be at current price

this will be epic

i can only imagine this quote by dev was talking about crave

" rather than making it easy for someone to create a marketplace for themselves buyers/sellers require only one thing from a marketplace is security for their transaction to trade easily and to be able to get fair solutions to problems."

This is awesome dev! Thanks for the update!

@Ultimatecoin, thats awesome news, i cant beleive whats is comming, seems like we have lot of nice features comming.

im so excited just to try the masternodes, and this is just the beginning.

ty so much for your work!

Good Morning

Great Progress is being made

Update and more details on features

POS Masternodes are close to being finished it can be released within 48 hours but it will be released on Tuesday alongside the Ultimate Marketplace on Clearnet followed by Darknet Marketplace

I am getting some messages on more details for the marketplace so will provide a brief description of how it works and why we believe this will revolutionize Marketplaces online

Agents

To become a agent you'l need to have 250 UTLE Coins (Escrow Coins)

Role of agent
a arbitrator/guarantor for a sale on marketplace
Moderate listing which breach rules
Answer Site Users queries

In return agents will be paid 3.75% of the 5% fee of every sale so $100 sale each agent receives 1.25% = $1.25
there will be 3 agents on any one transaction so if a dispute is escalated three agents will decide unanimously the outcome.
as payment will be in escrow it can be released early by requesting agents to release it
if they cannot decide, a additional agent can be requested and fees will be divided accordingly

Now of course it can be argued that by having a open registration and just requirement of 250 coins this can lead to scams but these coins are escrowed and a agent cannot withdraw them until all cases have been resolved. There should be no active cases pending decision on their account and with a 24hour waiting time to process withdrawal.

The fee is paid regardless if there is a dispute for the transaction or even if the transaction is a success. This will encourage to weed out the scams so eventually legitimate problems are resolved as who doesn't like free money.

how it works (summary)

seller list item with option where they give buyer 10 agents to select from of which 3 need to be selected
buyer can choose whoever they like so if a seller selects agents with poor feedback then less likely it will be sold.

payment is made if there is a dispute it will be escalated to agents which will decide. if its a smooth transaction happy days agents receive there fee for no work at all.

agents with good feedback will be selected by buyers so a smooth transaction puts 1.25% in your pocket for doing nothing.

Now Why?

We believe this will change online selling massively. rather than making it easy for someone to create a marketplace for themselves buyers/sellers require only one thing from a marketplace is security for their transaction to trade easily and to be able to get fair solutions to problems.

Anyone who has traded on amazon/Ebay must be aware of how they make decisions with their business in mind. Any decision made is in interest of their profits so many times buyers and sellers are out of pocket as the law is used to assess the case which is taken advantage of. Offering agents to solve problems give solutions common sense so no scammer can use law and tricks which leave organizations with their hands tied to give in.

This is why a community run marketplace is the future and to ensure agents are not playing up safeguards are in place so any agents attempting to scam incur losses. The promise of great earnings for agents ensures they do their job properly

This is our vision and rather than we run it ourselves we let you take part and have a slice.


Now if many got bored reading this we will have graphics up when we release the marketplace to explain it better the fun way.

We hope to start beta testing saturday before its released next week

Thanks.

another coin had code ULT so maybe to avoid confusion thus i guess the E was added on the end as well

I think there was already an ULTE before, that's why.

Why is it UTLE and not ULTE?

Darknet and Clearnet

hi see you again..

i hoped Grav become next Crave..but right now that will not happen.

so let's see what UTLE will bring out.

hmm

this coin looks simple, hope dev teams can give us more info.

It's not late to get in. People are selling on mining cost.

Will this one be another Cravecoin?
if that happened, price should 400k sats for only 0.28 Million supply.

i hope i mined some.

anyway, it's not late.

We require beta testers for the marketplace. we require 4 testers to perform agent roles and 10 buyer/seller

agent roles will be paid 250 coins each(trusted members only, you will be paid beforehand to fulfill requirement to become an agent)
buyer/sellers role 100 coins each

you will be required to test both darknet and clearnet marketplaces
PM me if interested.

From dev.

maybe not, Because dev do not want to pay like other coins list this on Bittrex and quick sell out.

and dev team want to develop this coin.

I think this will be next Dev-out-coin. Just feeling.

Will this be the first X11 pos masternode coin?