LONDON, ENGLAND / ACCESSWIRE / November 10, 2017 / UK-Based Hamster Marketplace gives details of their roadmap, ethos and platform operation, and announces their ICO, which is set for Q4 of 2018 - The final date is to be announced at the end of the month.

"Hamster Marketplace" is aiming to develop the world's first mainstream blockchain-based online marketplace. Disrupting a space which has traditionally been dominated by household names such as Amazon, eBay, and Alibaba. Hamster Marketplace will bring the benefits of the Blockchain to this space - Improvements which it believes are well-needed and will be well-received. Funding the development of the project will be the Hamster Marketplace ICO sale - Where the Native ERC20-Based HMPT Tokens will be available for purchase.

Marketplaces in Recent Times

In recent times, centralised marketplaces like eBay, Alibaba and Amazon have catered increasingly toward large-scale manufacturers and resellers. These platforms benefit those with a larger advertising budget, more sales, and a higher amount of product diversification, based on SEO and analytics at work within the marketplaces. Larger companies also have access to entire teams of sales professionals, whereas start-ups and sole traders likely handle this side of the business themselves or with vastly-reduced manpower. The stifling of small-enterprise-created technological advances and discoveries is thusly high; would both small businesses and the consumer market not be better off in the long-run if there were a marketplace which catered especially for those at the "bottom of the ladder"?

Enter Hamster Marketplace - Who is building a transparent and fair, decentralized platform focused on niche electronics, where customers and innovators meet and make deals with no extra charges from intermediaries. On Hamster Marketplace, millions of customers will receive a unique range of one-of-a-kind products and thousands of vendors from all over the world will get access to markets that they do not currently have access to. The idea for a decentralised trading platform which would be managed by the producers and in the interests of the producers themselves came to the CEO of Hamster Marketplace LLP, Russian entrepreneur and electronics producer Denis Bulavin.

How will the Market Function?

The function of the market will use the Blockchain to not only guarantee authenticity of all payments and transactions effected across Hamster Marketplace, but to directly connect vendors to customers, taking advantage of the Blockchain's ever-potent ability to harness big data, and seamlessly connect users. Hamster Marketplace will charge a significantly lower fee for use of its platform than traditional marketplaces by cutting out intermediaries and payment processors, who have been traditionally expensive and often slow in delivery in the past.