Citify Marketplace is a social hyperlocal marketplace for city merchants retailers to place their products on one online/app marketplace. Citicoin will be its native currency to cut the hefty% fees for every transaction traditionally with Paypal and other fiat systems.
Citicoin is a cryptocurrency that will be used on the Citify marketplace.
It will allow shoppers and merchants save money on hefty % fees as with traditional fiat transfers as with Paypal.
Fast payments, secure, and decentralized payments from across the globe and without the need of a financial institution.
The token can be exchanged, traded, and used like any other cryptocurrency.
Users can transfer the currency to other users.
Citicoin can also be used as a reward token for frequent shoppers.
Shoppers and merchants can do what they wish with accumulated tokens, buy more products on the marketplace, exchange for other currencies, or cash out in fiat.
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Co-founder at RQDN Labs, Author, ICO Investor Rated on Feb 6, 2018
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Classic case of double-sided marketplace, only on a more competitive landscape. It would be better if the ICO was more focused as being a general marketplace has limited potential.
I also suggest improving the contents of the ICO and add more reasons to believe on this ICO.
For anyone looking at this ICO, It looks like a hard pass for now in my opinion.
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