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MarketSpot DAO

This will be the first ever, true user-centric marketplace platform, built on blockchain, 100% decentralized and user-owned. Marketplace built as a decentralized autonomous organization (DAO) that aims to provide a transparent and trustless platform for community governance and decision-making. We build 3 digital products: Online Marketplace for goods & services, Digital wallet (Non-custodial multichain crypto wallet) and dApp.

About This Startup

Brief overview of the unique value proposition or idea.

This will be the first ever, true user-centric marketplace platform, built on blockchain, 100% decentralized and user-owned.Marketplace built as a decentralized autonomous organization (DAO) that aimsto provide a transparent and trustless platform for community governance and decision-making.We build 3 digital products:Online Marketplace for goods & services, Digital wallet (Non-custodial multichain crypto wallet) and dApp.

Problem solving and market potential.

The MarketSpot DAO will be avaliable to use anywhere, by anyone, with internet connection.The MarketSpot DAO will be governed by its members and token holders, who will have equal voting rights and will be able to propose and vote on any decisions. The DAO will also have a native token, MS token, that will be used to share the financial benefits of the marketplaceplatform. The concept of decentralized autonomous organizations (DAOs)is based on the idea of creating an organization that is foverned by a set of rules encoded in smart contracts, rather than being controlled by a centralized authority. This approach enables community members to become part-owners of the MS DAO marketplace and to share profits. Also, token holders can participate in decision-making process, voting governance in a transparent and trustless way. Solving problems/issues:ne of the major challenges faced by online marketplaces is to ensure trust and safety for both buyers and sellers. Fraudulent activities, such as scams and counterfeit products. Online marketplaces face intense competition and they are not available everywhere in the world. Another problem solving from traditional marketplaces, removing potential scammers. We have implemented transactions mechanism to ensure the security of the buyer and the seller. The initial transaction will be held by the DAO until a confirmation is received from both sides, than the transaction will be finalized. This fully decentralized operation will be executed autonomously via smart contracts. The market potential is over $1b up to $2b market capitalization in 5 years, from the time of launching the platform. Over 20% of market capitalization is owned by investors.

Team's industry experience and expertise.

Darko Simunovski - founder - Crypto expert Andreja Mitevski Co-founderRakesh Kumar - back-end & blockchain developer Shehab Hassan - front-end UI developer Rahul Sharma - back-end developer Vakatesh Velluri - back-end developerPrevious projects:  Wireswap.io and tokenRupaydex.ioWarp.finance

Received investment, current revenue or other tracking metrics.

No

Phase of investment.

Ideation

Amount of wanted investment.

Starting from 30k ideation phase, up to 300k, proof of concept and some tracking, pre-seed phase. Overall from e250k, up to e330k in total.

E-mail

tokenpaddock@gmail.com

Phone number

38971304620

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