An upcoming ecosystem hopes to create a suite of services that will make it easier for cryptocurrencies to be used in everyday life – including professional bookkeeping, legal, and accounting services to protect a user’s interests.
MillionCoin says its platform is geared towards investors who are interested in crypto but don’t necessarily have in-depth technical knowledge about how it works. Users would be able to exchange cryptocurrencies effortlessly and perform payments quickly while limiting the fees associated with their transactions. All deposited funds would be audited to reduce the chance of fraudulent activity.
The beating heart of the ecosystem would be a marketplace known as the One Million Shop[1], allowing items to be purchased without the arduous process of converting crypto into legal tender first. Its founders hope that this will make shopping straightforward, quicker, and less expensive. Although multiple cryptocurrencies will be supported by the store, users would experience “additional benefits” if they use the ecosystem’s native MON token – including discounts and exclusive access to special features. The store is in the final phase of production and will open in July.
MillionCoin[2] argues that merchants also have a chance to attract new customers and enjoy increased demand if they use its platform for selling goods. Their businesses would be verified before joining the platform, and they too would be rewarded for accepting MON tokens as payment, mainly in the form of reduced commission fees when they successfully sell an item. The company says it already has agreements with small and large entrepreneurs, and once OneMillion Shop is launched, the team plans to add 5,000 manufacturers, sellers, and service providers from over eight countries.
Automated transactions
MillionCoin’s marketplace is complemented by an intuitive trading system which allows transactions on cryptocurrency exchanges to
