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At Barter Smartplace, collectors can use barter exchange as the best way to build a collection. Trade coins for paintings, sculptures for digital art, a 1960s car for a collection of several gold coins, and many more exchange options are now available through barter.
What Is Barter Smartplace?
Barter Smartplace is a decentralized exchange for the barter trade of goods, currencies, and digital assets. The project has been developed with its own and private investment funds since December 2018, and this week the long-awaited launch of the NFT Marketplace took place with a security audit from Certik.io – the leaders of the blockchain security market for smart contracts. Barter is attracting a new round of funding to scale the capabilities of the Smartplace platform. The main goal is to create a legally significant basis for the transfer of ownership of goods through smart contracts and NFTs.
Barter Smartplace Features
Barter creates a blockchain platform for barter transactions, the objects of which can be any tokenized assets, real goods, and liquid currencies.
The development of the Barter ecosystem is based on the innovation of the proposed solutions and practical value for the market. Barter is built on three pillars: safety, convenience, and affordability.
Any Smartplace user can create a new NFT, be it CryptoArt, a game character, or even a real product or real estate object. The company is expanding the scope of NFT by applying the BEP-721 and BEP-1155 standards on Binance Smart Chain to tokenize ownership of real assets to connect the real world with the digital one.
It costs 10 BRTR to tokenize a product or create a digital NFT. From NFT, users create ads and offer barter exchange for other goods or supported cryptocurrencies: BRTR, BNB, BTC, ETH, BUSD, DOGE, and also have the opportunity to put them up for auction. The commission for placing an ad is paid in BRTR and is only 0.02% of the cost of goods in the ad – the demand for the token is provided by the demand for trade.
By combining real goods with digital ones, Smartplace offers an amazing opportunity to barter value from two different Worlds.
Barter as a New Era of NFT Trading
At Barter Smartplace, collectors can use barter exchange as the best way to build a collection. Instead of “selling the unnecessary and buying the needed” every time, you can exchange your collectibles directly without selling, using barter trade. Trade coins for paintings, sculptures for digital art, a 1960s car for a collection of several gold coins, and many more exchange options are now available through barter.
Barter allows you to exchange goods without using money. Owning the BRTR token opens up the opportunity to use all the advantages and functions of the marketplace. Barter Smartplace has streamlined complex barter and made a long-forgotten type of trading instant and convenient.
Legal Decentralized Commerce
The NFTs have provided the crypto market with the long-awaited commodity liquidity that has been lacking to attract the massive adoption of crypto payments in real goods trading. The volume of decentralized commerce is growing weekly and this area is at risk of becoming DeFi 2.0 in the blockchain industry by 2021. The demand for commerce in the new market is generating proposals for the use, movement, and exchange of digital goods.
The main problem in the NFT market is the lack of a legal basis for the transfer of ownership of an asset. If, when buying digital NFT goods, they immediately move to the buyer’s wallet, then when buying real tokenized assets, physical delivery of goods or the fact of acceptance and transfer is almost always required – after which the “digital right to the asset” can change the owner.
Barter Smartplace offers a solution – user verification and identification of ownership of the real tokenized product. To increase the security of transactions, only a verified user can create new NFTs for real goods. Participants, in the course of the transaction, Smartplace will offer to read the contract and sign it with an electronic signature. The real NFT ownership transfer register is stored distributed across multiple servers that hold BRTR holders. Legal agreements on transactions are available in the user’s personal account.
Smartplace has high growth potential and wide horizons for scaling, offering new opportunities for the decentralized trading market – NFT as digital ownership. The main part of the ecosystem is the formation of a register of tokenized real assets – real estate, transport, precious stones and metals, art objects, jewelry, etc. On Barter Smartplace you can exchange a car for an apartment, buy a house with gold or jewelry, exchange a land plot for a share in a company or stock, pay with your services for other services or even goods, and perform many other options for barter relations.
NFT collateral as new opportunities
The Barter Smartplace team is currently exploring the possibilities of collateralizing NFTs for cryptocurrency and will soon add this solution as the platform is scaling.
An example of how asset collateral against BRTR works:
Alice has a product that she wants to sell in order to buy another product. But, at the moment, there is no possibility of “commodity-commodity” barter. Nevertheless, there is a product she needs, pledged by another user of the platform against BRTR tokens. The product that Alice needs is in the list of “auction” products that have not been redeemed back by their owners after the expiration of the specified period.
Alice proceeds as follows:
Alice places her product on Smartplace in the corresponding section and immediately receives an equivalent amount of BRTR tokens in return (for example, 10,000 BRTR). Alice can spend tokens on other collateral assets available for purchase, including through an auction, in order to immediately purchase the product she needs. If Alice wants to return her product back, then in order to redeem this product, the same number of BRTR tokens should be returned (10,000 BRTR).
Provided that the buyback is not executed within the specified period, the asset is put up for auction until a buyer is found. The auction ends 1 day after the last bid.
Thus, Barter Smartplace solves the problem of the complexity of multilateral barter by using the BRTR token as an effective means of payment when pledging assets for use in multilateral barter transactions.
The BRTR token expresses the “value” of each product, therefore it can be called the clearing currency on the Barter Smartplace platform. BRTR is a universal measure of value in multilateral barter. By turning to multilateral barter, everyone can “get rid” of unnecessary goods in exchange for BRTR tokens, which can later be used to buy out other necessary goods.
Benefits for users
Now Barter Smartplace is open to all users who have connected their wallet to the application. Everyone can create NFTs for both digital and real goods and services. Everyone who has at least one trade or creation of one NFT in 2021 will be awarded BRTR tokens, but the more trades and NFTs created through Smartplace, the greater the reward.
Legal contracts accompanying real value goods transactions are planned to be added later this year. Then there will be a mandatory verification of users who want to exchange real assets. Also, the tokenization of real assets will be available only to verified users.
Join the new NFT barter marketplace Barter Smartplace now. Create your NFTs, tokenize real assets, and participate in the development of the largest project in the world of decentralized commerce.
Barter Smartplace Platform Features:
– Trading based on a digital legal contract.
– Remote conclusion of trade agreements of any complexity.
– Barter, auction, and direct trading are available on the platform.
– Possibility of both bilateral and multilateral barter.
– Formation of a register of digitized real and virtual assets.
– Tokenization of real estate, transport, precious stones and metals, art objects, jewelry, and more.
– Logistic barter.
– Possibility to save on costs.
– Create, trade, and exchange NFTs.
– Dark Pool for NFT – a pool of confidential trade offers.
How to buy BRTR tokens?
You can buy BRTR through the Barter Wallet Bot telegram bot using Visa / Mastercard or ETH, BUSD, BNB, BTC, DOGE. The bot also provides an opportunity to play games and earn 0.1% per day staking while keeping BRTR in the account; trade on a P2P exchange and send cryptocurrencies for free in the community chat – read the instructions for the bot.
Soon, users, in addition to Metamask, will be able to connect their wallets from the Barter Wallet bot to the Smartplace to create and trade NFTs from their telegram account.
Conclusion
Barter Smartplace seeks to optimize the real world through the possibilities of the virtual one. Decentralized commerce is developing at a geometric pace along with the popularization of NFT and Smartplace has a strong position in this market, improving the trading processes of the future. The project was created long before NFT became mainstream, so there is reason to believe that the team will show the full power of the Barter Smartplace digital trading platform already in 2021.
Visit https://barter.company for other digital products, such as the handy mobile DeFi wallet Barter Wallet, which will soon be available for Android and iOS. The Barter team is preparing for a large-scale market launch.
Stay connected with the project on social networks:
Find out more about the history of the project in the Company Blog
Join the Barter team community via telegram chat
Read the project’s Twitter to stay informed about updates
Use Barter Wallet Bot for BRTR
Create NFTs for real and digital assets and exchange here – Barter Smartplace is available for everyone and everywhere smartplace.barter.company
Contact the project team: team@barter.company
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Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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