I read the newspaper almost every day to stay up-to-date. But one section I never read was the classifieds section, especially as a kid, because I never saw the point. But this section has actually played crucial roles in the lives of people. It has helped people find homes, furniture, books and what not. The concept of classifieds has been around for a long time now and although it does have considerable significance, I feel that it does not have the popularity and importance that it had before. Nevertheless, it is an important aspect of marketing and advertising and just trade, in general, so it's high time it got an upgrade.
I have been reading a lot about blockchain technology and start-ups that use it in the products. While doing so, one product that I came across was FairNinja. It was an interesting read and I was happy to find that some innovations are finally being made in the classifieds domain of business and advertising, especially since everything has become digitalised. Of course, there are already some applications like OLX where people can communicate directly and sell things, buy things or make exchanges. But my personal experiences with these kinds of applications haven't been that great. I tried to sell books but instead got a lot of spam messages from people I don't know and ended up never selling those books. So it was really exciting for me to see that steps are being taken to make things better.
The Classifieds Marketplace
FairNinja claims to be the world's first---and biggest---multinational online classifieds platform for trading goods and services using cryptocurrency. It is different from what already exists because it uses blockchain technology. By using blockchain technology, the trading platform is more reliable, more secure and more transparent. No more spam messages, no more fake buyers/sellers and only credible individuals are participants on the platform. Although the users are anonymous, they are also verified and hence we do not have to worry about the sanctity of their working and claims.
One other important thing that I noticed about the platform is that it is very user-friendly. Blockchain technology is a pretty hard concept to grasp, and the fact that FairNinja has managed to keep its implementation details abstract and make its product available for and usable by any and all kinds of users is really a great achievement. In fact, one would not even know that the platform uses blockchain technology unless someone mentioned it to them, because the UI and workings are very similar to those of existing applications.
FairNinja does not just focus on removing the drawbacks of existing systems. It also elevates the best features of the existing systems. Blockchain technology used makes the transactions that happen on the platform more efficient and flexible. It even improves the speed of processing of the transactions. It also provides users with rewards in the form of crypto-tokens to incentivise the usage of the platform and maintain a healthy economic lifecycle through cryptocurrencies. It is useful both buyers and sellers on the platform in different ways and hence makes life better for everyone.
Conclusion
Cryptocurrencies have begun to lose value over the past few months. Blockchain technology has lost its popularity and praise and has been taken away from the spotlight. But these are technologies of great potential, and FairNinja has bravely taken up the challenge and implemented blockchain technology in its system. By doing so, it is playing an important role in making people realise the worth of the technology and expose them to the world of cryptocurrency. With its extremely talented and diligent team of well-trained individuals guided and mentored by knowledgeable experts and bolstered by a quite powerful group of investors who are very supportive, FairNinja is a blooming project and I hope it reaches great heights and achieves success.
Website - https://www.fairninja.com/
Whitepaper - https://www.fairninja.com/whitepapers/fairninja_whitepaper_engl.pdf
ANN - https://bitcointalk.org/index.php?topic=3372626.0
Telegram - http://t.me/fairninjaICO
Published by - smithjones
Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1936039
