On Barter Smartplace, collectors can use barter as the best way to build a collection. Exchanging coins for paintings, sculptures for digital art, a 1960s car for a collection of a few gold coins, and many other exchanges are now possible thanks to barter.
What is Smartlace Barter?
Barter Smartplace is a decentralized exchange for the exchange of goods, currency and digital assets. The project has been in development since December 2018 through its own funds and private equity funds, and this week saw the long-awaited launch of the NMT marketplace with security audits from Certik.io, the market leader in smart contract security. Barter is raising a new round of funding to expand the capabilities of its Smartplace platform. The main objective is to provide a legally sound framework for the transfer of ownership of goods through smart contracts and NFTs.
Barter Smartplace features
Barter creates a trading platform whose objects can be all tokenized assets, real goods and liquid currency.
The development of the barter ecosystem is based on the innovation of the solutions offered and the practical benefits for the market. Barter is based on three pillars: Safety, comfort and affordability.
Any Smartplace user can create a new NFT, whether it’s CryptoArt, a game character or even a real product or asset. The company is expanding the scope of the NFT by applying BEP-721 and BEP-1155 to the Binance Smart Chain to denote ownership of real assets, linking the real world to the digital world.
The cost to tokenize a product or create a digital NFT is 10 BRTR. From NFT, users create ads and offer exchange against other commodities or supported crypto-currencies : BRTR, BNB, BTC, ETH, BUSD, DOGE, and have the ability to auction them. The listing fee is paid to BRTR and is only 0.02% of the value of the listed item – the token request is provided by the exchange request.
By combining real and digital goods, Smartplace offers a unique opportunity to exchange values from two different worlds.
Barter as a new trading era NTM
On Barter Smartplace, collectors can use barter as the best way to build a collection. Instead of constantly selling what you don’t need and buying what you want, you can trade your collectibles directly, without selling them, via barter. Exchanging coins for paintings, sculptures for digital art, a 1960s car for a collection of a few gold coins, and many other barter options are now possible thanks to barter.
Barter allows the exchange of goods without using money. Owning a BRTR token gives you access to all the benefits and features of the marketplace. Barter Smartplace has simplified a sophisticated barter process and made a long forgotten barter method instant and easy.
Decentralised legal trade
NFTs have provided the cryptocurrency market with the long-awaited commodity liquidity that was lacking to attract mass adoption of crypto payments in real commodity trading. Decentralized trading is growing every week, and the field threatens to become the DeFi 2.0 of the blockchain industry by 2021. The demand for trade in the new market generates proposals for the use, circulation and exchange of digital goods.
The main problem in the market for NFT is the lack of a legal basis for the transfer of ownership of an asset. While NFT digital assets are immediately deposited into the buyer’s portfolio, purchasing real assets in tokens almost always requires physical delivery of the assets or acceptance and transfer – after which the digital right to the asset can change hands.
Barter Smartplace offers a solution – by verifying users and identifying ownership of the actual tokenized product. To improve transaction security, only an authenticated user can create new NFTs for real assets. During the transaction, Smartplace asks participants to review and electronically sign the agreement. The NFT’s record of property transfers is stored on various servers where the owners of the LERs are located. The legal agreements relating to the transactions are available in the user’s personal vault.
Smartplace has strong growth potential and broad scale, offering new opportunities for the decentralized exchange market – NFT as in digital real estate. The most important part of the ecosystem is the formation of a register of symbolic real assets – real estate, transportation, stones and metals, artworks, jewelry, etc. On Barter Smartplace, you can trade your car for an apartment, buy a house with gold or jewelry, trade your property for a share in a company or stock, pay for other services or even goods, and do many other exchanges.
Make NMT a new option
The Barter Smartplace team is currently exploring ways to offer NFT in cryptocurrency and will add this solution as the platform evolves.
An example of how asset guarantees work against BRTR:
Alice has a product she wants to sell to buy another product. But at the moment there is no possibility to exchange goods. However, there is a product it needs and was promised by another platform user in exchange for BRTR tokens. The item Alice wants is on the list of auction items that have not been repurchased by their owners after the set deadline.
Alice behaves like this:
Alice publishes her product on Smartplace in the correct category and immediately receives a corresponding number of BRTR tokens (e.g. 10,000 BRTR). Alice can spend chips on other collateral for sale, including through auctions, to immediately purchase the item needed. If Alice wants her item back, she must turn in the same number of BRTR tokens (10,000 BRTR) to exchange the item.
If repayment is not made by the deadline, the property will be auctioned off until a buyer is found. The auction ends 1 day after the last bid.
Barter Smartplace thus addresses the complexity of multilateral barter by using the BRTR token as an effective payment tool in pledging assets for use in multilateral barter transactions.
The BRTR token expresses the value of each product, so it can be considered the settlement currency on the Barter Smartplace platform. The BRTR is a universal measure of value in multilateral barter. By using multilateral barter, anyone can get rid of unwanted goods in exchange for BRTR tokens that can later be used to buy other needed goods.
Barter Smartplace is now open to all users who have connected their wallets to the app. Anyone can create NFEs for digital and real goods and services. Anyone who makes at least one transaction or creates an NFT by 2021 will receive BRTR tokens, but the more transactions and NFTs Smartplace creates, the greater the reward.
Legal contracts in transactions with goods of real value will be added later in the year. There will then be a mandatory vetting process for users who want to trade real assets. In addition, tokenization of real assets will only be available to authenticated users.
Join the new NFT Barter Smartplace now. Create your NFT, symbolize real assets and participate in the development of the largest project in the world of decentralized trading.
Features of the Barter Smartplace platform:
– Trading is based on a digital legal agreement.
– The remote conclusion of trade agreements of any complexity.
– Exchanges, auctions and direct bids are possible on the platform.
– Possibility of bilateral and multilateral barter.
– Establishment of a registry of real and virtual digital assets.
– Tokenization of real estate, transportation, gems and metals, art, jewelry and more.
– Logistical barter.
– Potential for cost savings.
– NFTs to create, negotiate and exchange.
– The dark pool for NFT is a pool of confidential business offers.
How do I buy BRTR coins?
You can buy BRTR on the Telegram bot exchange with Visa/Mastercard or ETH, BUSD, BNB, BTC, DOGE. The bot also allows you to play games and earn 0.1% per day by keeping BRTRs in your account; trade on P2P exchanges and send free cryptocurrencies in the community chat – read the bot’s instructions.
In addition to Metamask, users will soon be able to connect their exchanges to Smartplace to create and trade NFTs from their Telegram account.
Barter Smartplace aims to optimize the real world with the possibilities of the virtual world. Decentralized trading is growing geometrically with the popularization of NFT, and Smartplace has a strong position in this market and is improving the business processes of the future. The project was born long before NFT became mainstream. So there is every reason to believe that the team will demonstrate the full capabilities of the Barter Smartplace digital exchange platform as early as 2021.
Visit https://barter.company to check out other digital products, including the DeFi Wallet mobile exchange wallet, which will soon be available on Android and iOS. The barter team is preparing for a massive entry into the market.
Keep up to date with the project via social media:
For more information on the history of the project, visit the company’s blog.
Join the swap circle community via telegraphic chat.
Check the project’s Twitter feed for updates.
Use the bot exchange for BRTR
Create NFTs for real and digital assets and exchange here – Barter Smartplace is accessible to everyone, everywhere smartplace.barter.company.
Contact the project team: [email protected]
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