BolttCoin : Decentralized marketplace

BolttCoin
2 min readFeb 20, 2019

Decentralized marketplace

The decentralized market provides an efficient platform to take the merchant customer interaction to the next level with following features:

Boltt mall

The Boltt mall includes merchants, discounts and coupons, contests with products including restaurants, retail, entertainment, and travel that allow customers to earn and use BolttCoins. Payments can be made with BolttCoins as well as any other supported coins by Boltt Crypto Wallet. In addition, merchants can even operate offline, physical shops where customers can pay with their Boltt Crypto Wallet using any currency balance in the wallet. Marketplace integrates geo-location based search and users can search and find the offline shops by location.

Boltt collaborates with merchants in two ways:

  • Self-registration on the BolttCoin app
  • Partnerships with merchant aggregators & existing online websites

Online Stores

The owner or representative of the online store is registered on the platform just like a regular user.

Registration steps for a user to open an online store:

1. Fills and sends the online application form

2. The application is moderated and evaluated by platform experts

3. If approved, the “Activate” button appears

4. Adds goods/services to the store (photo/description/price, etc.)

Once the products/services added, the online store appears on the platform in the “Online Stores” section.

Users pay for purchases with BolttCoins, which they purchase or earn in their Boltt Wallet. Store owners receive orders, execute them, and the platform automatically charges a small commission from the store for purchases made. Customers can leave feedback on the store after the transaction is completed; customer feedback can affect the reputation of the store on the platform.

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BolttCoin

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