Digital currencies are fast becoming mainstream assets and the new means of conducting cash transfers among many people today. There are as many as 9,000 cryptocurrencies out there today in which Bitcoin (BTC), and Ethereum (ETH) are the most renowned. The growth of digital currencies and the traction they are gaining today begs the need to create utilities around them, to grant token holders more values for their holdings.
The creation of ways to add more value to digital currency holders is what CryptoMall has brought to the fore. With CryptoMall, any cryptocurrency holder can now pay for goods and services across a growing list of supported ecommerce websites.
The CryptoMall Project Overview
CryptoMall is a blockchain startup that seeks to serve as the crypto holders as the credit card and mainstream payment service providers alternatives in the cryptocurrency ecosystem. Just like traditional payment providers like Stripe, and Paypal among others, CryptoMall can be integrated with services ranging from e-commerce to bill processing.
In a more direct way, when you buy any item on popular ecommerce sites like Amazon, and eBay, you can now make payments with Bitcoin, or other supported cryptocurrencies instead of cash payments. As a blockchain-based payment processor, the CryptoMall gateway is safe to use as it comes with encryptions for every single transaction.
The CryptoMall ecosystem is powered by its native cryptocurrency, the CMALL token. Purchases for items can be made with the token or using about 100 supported cryptocurrencies through the CoinPayments system. CryptoMall is built as an extension-based service and can be added to users’ Google Chrome browsers to pay for items on the websites supported by the platform. The supported platforms include;
- Only Fans
- Live Jasmine
- Ali Express
Support for additional platforms will be unveiled in the near future according to the development team. The platform will also be deployed on mobile devices supporting the duo of Android and iOS operating systems respectively. CryptoMall will also have an integrated digital shop, managed by Search Engine Optimization (SEO) experts who will help the platform generate sales volume and fees for token holders. In all, the CryptoMall platform is designed to provide a good user experience, as with few clicks, the products on offer can be accessed.
The CMALL Token
The CMALL token is an ERC-20 token with a maximum supply of 1 million units. Per the tokenomics, 500,000 units of the tokens will be available for purchase by May 25 in a Pre-sale scheduled to take place on the Bounce Finance platform as announced by the CryptoMall team. Exactly 100,000 of the CMALL tokens are locked for the team, 200,000 designated for marketing, and 200,000 reserved for the Liquidity Pool on Uniswap.
About 30 to 50% of the total Ethereum collected in the pre-sale will be channeled to the Uniswap pool. While the CMALL tokens will help keep the ecosystem running through the governance structure, designated incentives will also be paid out through the tokens. These incentives come from 5-10% fees earned on every item purchased through the CryptoMall platform. These generated fees are distributed to all the token holders.