Problems to Solve

dMarketplace addresses several critical challenges hindering the widespread adoption of cryptocurrencies for everyday transactions:

a) Limited Use of Cryptocurrencies

Despite their growing recognition, cryptocurrencies face limited acceptance for purchasing goods outside the crypto ecosystem. The absence of tangible incentives for using digital currencies over traditional fiat options restricts their utility and adoption.

b) High Transaction Costs

Many existing platforms promote staking with attractive interest rates but offset these benefits by imposing high transaction fees. These fees deter users from utilizing their tokens for routine transactions, undermining the practicality of holding versus spending.

c) Market Volatility

The inherent volatility of cryptocurrency prices often shifts user focus towards speculative trading rather than facilitating day-to-day purchases. This speculative behavior detracts from the utility of cryptocurrencies as stable mediums of exchange.

Last updated