The Ecryptostore is a cryptocurrency orientated, peer-to-peer market place -like Ebay- that has a token called the FreeMarketToken, or FMT, as its native currency. Before you begin thinking that this is another product of the “tokenize everything” movement that really only appeals to the people in the crypto-sphere, give me a chance to explain why it actually appeals to the masses.
FMT might be the native currency of the Ecryptostore but it’s not the only currency accepted here. In fact, you can use a whole host of cryptocurrencies as payment on the Ecrptostore. All the usual suspects are available: Bitcoin, Ethereum, Litecoin, Dash, Zcash, Monero; but there are some less common and less cash-like tokens on the list of payment tokens: Ripple, Stratis, Ethereum Classic, Bitcoin Cash and Dogecoin.
Note: FMT is a NEM based token, however NEM is not yet accepted as payment on the Ecryptostore. One would expect the opposite to be true, especially because, for their ICO, they are only accepting NEM and Ethereum. One would also expect NEM to be added in the future, but there is no direct mention of it in their Whitepaper or on Version 1 of their token sale roadmap.
Cryptocurrencies are not the only form of payment available on the Ecryptostore as users also have the option to use PayPay -and therefore FIAT- to receive payment for their goods and to pay for their goods. Meaning that the Ecryptostore isn’t just open to crypto enthusiasts, it will also attract those from outside the crypto world, like you grampa, your mum and your, maybe slightly out of touch, next door neighbour.
This is one, if not the, main selling points of the Ecryptostore. With the integration of FIAT payments alongside crypto payments and crypto rewards, and the future ability for users to buy FMT with their standard FIAT the Ecryptostore is ahead of many in the game in the efforts to foster cryptocurrency adoption and help them become common place in our global society.
In summary: the Ecryptostore is a easily recognizable and straight-forward platform where users can gradually ease themselves into using cryptocurrencies alongside their FIAT currencies, without the having to immediately navigate the complicated world of security measures that we enthusiasts find common place. There are other aspects of the Ecryptostore and the FMT token that you’ll probably want to know about, like their token metrics, how the Ecryptostore measures up to its competitors, and how you can help foster the growth of this marketplace and its community through bounty programs. I’ll be writing about these in future articles so subscribe and stay tuned!
Disclaimer: This article was written for the FreeMarketToken Bounty Program (See link below to join). This is a program through which writers, video makers, crypto-enthusiasts and absolutely anyone else can earn FMT to use on the Ecryptostore, by spreading the world about how we can all use our virtual currencies to purchase real world items, right now!! Anything I write is not financial advice and should not be considered as such. Before making any investments you should conduct your own through research.
Find out more:
FMT Website
FMT Whitepaper
Bounty Thread
Ecryptostore
Authors Bitcoin Talk Account
