Forest Market: Buy and Sell Goods with Crypto

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: SFR10 on January 22, 2025, 08:28:16 AM

Quote from: ? on January 18, 2025, 02:26:00 PM

Another feature we are planning to add is reputation score based on their on-chain activity and selling history, which can give user more confidence in purchase.

Are you planning to hire someone for this specific task or will you rely on a certain AML software to automate everything?

1) I doubt rockstar will hire a person to review blockchain transactions - our minds are not made for long streams of random digits, and a person will make mistakes.

2) Even if the software works perfectly, what stops bots from building positive reputation? As soon as his algorithm is discovered (or suspected), the bots will be reprogrammed to beat it.

This reputation score will be one of the most important things on the exchange. It needs to be done correctly.

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Quote from: ? on January 18, 2025, 02:26:00 PM

Another feature we are planning to add is reputation score based on their on-chain activity and selling history, which can give user more confidence in purchase.

Are you planning to hire someone for this specific task or will you rely on a certain AML software to automate everything? If it's the latter, you might end up with software that intentionally alters the result ^{[some of them tend to abuse their power because of their ulterior motives]} when it finds a connection to certain exchanges and those inaccurate reputational scores could hurt the potential sales of affected sellers.

?

Activity: -

Merit: -

Quote

I see. Does that mean the products on the homepage are sorted by most sold/most popular? I wonder if this affects other sellers though. Won't their product get buried if there are more users on your platform?

no we don't sort products based on popularity at this point, currently the sorting priority is
1. discounted product
2. product listing time in descending order(new listing will be shown first)

in the future, we are planning to add new pages for best sellers and trending products, hopefully that will help your concern.

Quote

I realized that one of the users is called "Alibaba", although I doubt it's an official account for the Alibaba marketplace. Do you have any protection mechanism for people who scam by impersonating popular users/platforms? I find the lack of info very bad for the users because of this.

sorry we don't have restriction on how user can set their name, nor the capability to verify user. However the way we protect user is to hold the fund until the buyer is satisfied with what they received, otherwise they get their money back. Another feature we are planning to add is reputation score based on their on-chain activity and selling history, which can give user more confidence in purchase.

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: ? on January 18, 2025, 03:32:03 AM

the number is correct, but you are right that most product are sold from "Forest Market", as it's currently our biggest seller. hopefully we will have more sellers joining soon!

I see. Does that mean the products on the homepage are sorted by most sold/most popular? I wonder if this affects other sellers though. Won't their product get buried if there are more users on your platform?

Btw I realized that one of the users is called "Alibaba", although I doubt it's an official account for the Alibaba marketplace. Do you have any protection mechanism for people who scam by impersonating popular users/platforms? I find the lack of info very bad for the users because of this.

?

Activity: -

Merit: -

Quote

Does your marketplace have any customer base if we join? Don't want to waste time on empty dead marketplace with zero traffic

TBH, we don’t have a lot customers yet. However, we are definitely not dead….yet. We are still actively improving the platform and trying to reach more people.

Btw we just added support for bitcoin! Please check it out.

Quote

His Telegram group alone is empty; only 1 member, OP has to work on his social media handles.

Totally agree, I am more of a nerd enjoying programming, and suck at marketing. I don’t have much experience on building a social profile, but would love to hear your suggestions.

Quote

The problem is that usually these stores are dedicated to Bitcoin/cryptocurrencies and this is wrong as we do not see stores dedicated to Apple cards or PayPal but rather online stores allow accepting payments whether cash or via Visa, MasterCard, PayPal and others. Adding Bitcoin as a payment method would be a good thing but it is difficult to compete in this field.

Not just planning to compete with bitcoin or a few crypto currencies, but with any available coin on the market. Imagine we can pay with whatever coin we own(potentially unlimited options), then it will be a different story. As crypto is getting more popular and more people will own their majority asset in crypto, wouldn't it suck to buy any physical goods and have to go through crypto off-ramp first?

Quote

they claimed to have 20 active sellers but when I decided to check out some products all of them led to a profile called "Forest Market". I'm not sure if the stat is wrong or if you're just using a placeholder for the seller profile.

the number is correct, but you are right that most product are sold from "Forest Market", as it's currently our biggest seller. hopefully we will have more sellers joining soon!

joniboini

legendary

Activity: 2170

Merit: 1789

I decided to check the market and the UI is quite lacking. Maybe a minor problem if OP wants to improve it further. When I visited the website, they claimed to have 20 active sellers but when I decided to check out some products all of them led to a profile called "Forest Market". I'm not sure if the stat is wrong or if you're just using a placeholder for the seller profile. If it's the later it needs improvement since there's little to no info on the seller page when a user clicked on it. CMIIW.

robelneo

legendary

Activity: 3416

Merit: 1225

Enjoy 500% bonus + 70 FS

Quote from: ? on November 17, 2024, 09:26:33 PM

As a developer, I've built a marketplace(forestmarket.net) with one clear goal: to provide a reliable platform where users can buy and sell goods with crypto. I believe that when you make something truly for yourself, you're likely creating something valuable for others too.
We're still actively developing the platform, so we'd greatly appreciate any feedback and support.

As a developer, have you done a feasibility study on the competition? or you just create for the sake of creating one that you can call your own, of all the platforms. Marketplace is the hardest thing to do because the market is ruled by big companies like Amazon.
If you're promoting in a specific region, state this on your homepage. There's still so many things that need to be done and added; at the end of the day, its up to you if you want to continue this or just give it up. I'm sure its a learning experience for you, for a big thing in the future.

hugeblack

legendary

Activity: 2758

Merit: 4074

Quote from: obtainhigh on January 14, 2025, 08:58:05 PM

Does your marketplace have any customer base if we join? Don't want to waste time on empty dead marketplace with zero traffic.

The last login was a month ago so I don't know if @rockstar_z will come back and reply to you.

The problem is that usually these stores are dedicated to Bitcoin/cryptocurrencies and this is wrong as we do not see stores dedicated to Apple cards or PayPal but rather online stores allow accepting payments whether cash or via Visa, MasterCard, PayPal and others. Adding Bitcoin as a payment method would be a good thing but it is difficult to compete in this field.

aioc

hero member

Activity: 3136

Merit: 579

Quote from: obtainhigh on January 14, 2025, 08:58:05 PM

Does your marketplace have any customer base if we join? Don't want to waste time on empty dead marketplace with zero traffic.

Obviously, if you look on the platform, it lacks both customer base and traffic; there are no testimonials and no number of bought items; I notice many of the items only ship in the US; it lacks many features of a real marketplace; I admire OP's effort, but he will have to do better; his Telegram group alone is empty; only 1 member, OP has to work on his social media handles.

obtainhigh

newbie

Activity: 8

Merit: 1

Does your marketplace have any customer base if we join? Don't want to waste time on empty dead marketplace with zero traffic.

?

Activity: -

Merit: -

Hey SFR10, thanks for the feedback!

Quote

I'm not a fan of the current sign-in options

yup, we will be adding sign in with custom email. LNURL-auth looks interesting, we will look into that as well.

Quote

Do they have to ship returned products to your warehouse or the seller?

when a return is requested, an address from the seller will be used for the return.

Quote

What happens in cases where the seller receives their product, but forgets to confirm their satisfaction?

i guess you meant buyer forget to confirm their satisfaction? in this case, fund will be released to seller in 7 days automatically. basically we give 7 days of dispute window.

Quote

Based on the shipping & return fields of the listed products, it appears that this is only limited to the US. Am I right?

yes and no, so far all the sellers in the marketplace only ship to U.S. But there could be seller coming from other countries like Italy, support shipping within the EU. There could be case that seller support international shipping too. We don't have limit on which country seller can ship their products to.

Quote

Why Bitcoin isn't supported?

we will support Bitcoin very soon!

I hope i have answered all your questions. Cheesy

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Quote from: ? on November 17, 2024, 09:26:33 PM

We're still actively developing the platform, so we'd greatly appreciate any feedback and support.

I'm not a fan of the current sign-in options ^{[LNURL-auth is a good alternative or at least give your users the option to use their custom emails]}.
Do they have to ship returned products to your warehouse or the seller?
What happens in cases where the seller receives their product, but forgets to confirm their satisfaction?
Based on the shipping & return fields of the listed products, it appears that this is only limited to the US. Am I right?
Why Bitcoin isn't supported?

AlphaBoy

member

Activity: 113

Merit: 17

I don't want you to lose your optimism, but eBay will consider crypto payments soon. Thus, your market will lose immediately. As VOD said, many tried before and failed. The crypto market isn't a safe investment due to the nature of crypto itself. The only real deals that can be made on your market are those with similarity to the crypto concept, such as scripts, Games, AI tools, and non-physicals in general. However, many sites have already started and are still running. Good luck to you, bro.

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Crypto is irreversible. Your site will be overrun with scammers without a reputation or trust system.

A couple people try something like this every year. It's not hard to build a crypto marketplace, it's dealing with the bad actors.

?

Activity: -

Merit: -

Hi everyone!

I began my crypto journey in 2020. Over the past four years, I've often wondered: why can't we buy goods with cryptocurrency as easily as we shop on eBay? Isn't cryptocurrency supposed to function as a medium of exchange?

After seeing multiple forum posts echoing my thoughts, I decided to take action. As a developer, I've built a marketplace(forestmarket.net) with one clear goal: to provide a reliable platform where users can buy and sell goods with crypto. I believe that when you make something truly for yourself, you're likely creating something valuable for others too.

As of today, you can:
1. buy anything in the marketplace with crypto
2. sell any legal item and get paid in crypto
3. return products if you're unsatisfied and receive a full refund in crypto

We're still actively developing the platform, so we'd greatly appreciate any feedback and support.

more details in our about page: https://www.forestmarket.net/about

Topic: Forest Market: Buy and Sell Goods with Crypto (Read 203 times)