Hamster Marketplace

Hamster Marketplace token: what’s it all about?

You may already know about the Hamster Marketplace project. This is non-profit decentralized trading platform that facilitates the sale of niche electronics and unique gadgets. It doesn’t need a middlemen, even novice and local producers could work with the platform.

Soon Hamster Marketplace will open the niche electronics market to thousands of vendors around the world who cannot currently afford to work with incumbent marketplaces. It will offer hundreds of thousands of goods to millions of buyers without any middleman’s negative influences, such as price markup and low quality clone products. Sounds good, isn’t it?

Why the Hamster Marketplace needs ICO?

To implement this project, Hamster’s founders need to fundraise through the public distribution of HMT tokens during their ICO. Funds will be used for the following purposes:

• Preparation of the Hamster Marketplace website and mobile application;
• Recruiting producers and vendors of modern and innovative devices;
• Attracting buyers interested in the unique electronics niche;
• and, developing it’s digital blockchain platform.

Understanding the tokens is crucial, since they are the most important elements of Hamster Marketplace’s ecosystem.

HMT Tokens, Hamster Marketplace’s offering during theirICO on January 15th, 2018, are of a fixed amount. Only 20 million of them will ever be printed; 14 million of which will be offered during the ICO. The remaining 30% will be used for bounties and referrals, as well as for team and advisor reserves.

Tokenization model

The hamster token model has been developed for almost half a year. Our research indicates that the the token will become attractive and profitable to both the project team and the ecosystem participants. Our model aims to achieve a full tokens redemption. This will solve the so-called “last token problem”. Members of Hamster Marketplace will be able to sell or buy HMT tokens, but all tokens will be redeemed sooner or later.

We chose this type of tokenization because other types could endanger the whole project. For example, if the ICO initiators make the token a part of their future business by, for example, buying something inside the Hamster marketplace with their tokens, it may lead to one of the worst scenarios: increasingly expensive tokens and added future costs in the Hamster Marketplace balance sheet of competitors project but without limited tokens by tokenization, the initial project could lose out because of highly connected services price.

This mechanism has no signs and elements of a financial pyramid, where obligations to its earlier members are fulfilled by the funds of those who came to the system later. In our case, the financial flow is organized from the outside, due to vendor contributions, and the tokens purchased by them will be excluded from the project economy through burning.

HMT tokens will go on sale only to registered users on the hmstr.io site. So the ICO has a closed format. Immediately after ICO launches, HMT tokens will be added to the listings of several crypto exchanges. Hamster Marketplace tokens will be available for purchase on registered users personal accounts on www.hmstr.io To find out more, join the Hamster Telegram group and say “Hi!”..

How many, for whom and how much?

During the ICO, Hamster Marketplace tokens (HMT) will be issued at a fixed $2 price. The total quantity of tokens on sale will be 14 million, so the maximum possible fundraising amount will be $28 million.

After the ICO, the remaining 30% will be distributed in the following way:

• 27.5% to the team, founders, project advisors and early investors;
• 2.5% as an award based on the results of the bounty campaign.

ICO participant who will receive HMT tokens as a bounty prizes will be offered either an immediate pay-out of their equivalent at fiat currency when the ICO closes or an extra charge for the bounty tokens with some delay. All participants of bounty-program could get their payment in fiat money and not in tokens.

If the quantity of sold tokens will be fewer than 14 million, the remaining tokens will be destroyed immediately.

It is prohibited to issue additional amount of tokens after ICO. It is not permitted in the terms of the smart contract and all HMT holders can freely use their tokens in whatever way they want: sell, exchange etc.

Why will the whole project be successful?

The Hamster team is very confident in this project. It has four main factors for this:

• The Hamster Marketplace is a platform for exclusively niche products. It will deal with new ideas and technologies which will open new possibilities within society;
• This platform is all about specializing in this niche submarket, so that the Hamster Marketplace will consistently attract the necessary target audience, and widen the community of niche electronic projects creators;
• It will work as a non-profit, which will offer a more affordable environment for electronics vendors than any other incumbent marketplace;
• It will occupy a niche that is underestimated by bigger marketplaces.

We are not only trying to completely change the future of gadgets marketing and distribution. We are also trying to make it better for both novice sellers and buyers who want something unique at a competitive price. Join us today!

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