NOTE: We are releasing the marketplace this month!
NovaNeed is one of the first e-commerce platforms made by crypto users, for crypto users. Powered by the Solana blockchain, NovaNeed lets you cheaply and easily buy and sell real-world goods with cryptocurrency.
Our fees are LOW at 2%! While our competitors’ fees are at ~10%(!!!!) Our fees are far, far lower than our competitors due to the hyper-low latency of the Solana blockchain. Our fees are much lower than if we were to use traditional payment processors or slower blockchains.
How we do it:
To achieve the expected results on Solana, we use compressed NFTs to cheaply list items on the blockchain, which allows for us to charge the LOW fee of 2%! Not only that, but if you bought a really cool item you love, you can record yourself giving a review, and if it’s received well by the community, you’ll earn NovaNeed Tokens ($NOVA) from the liquidity pool
Item Standardization:
We also offer standardization of items to allow for production efficiency, market efficiency, and consumer confidence. Many items can be standardized and homogenized then put on a singular line to be traded, helping defeat informational barriers between platforms and brands.
Utilizing flat rate shipping options alongside these standardized products allows for individuals across the country to have the similar experiences when purchasing the same goods. This can be currently observed within the pharmaceutical industry, where generic items are sold to consumers at lower costs and are easily mass produced. The toaster market is also an example of this.
Users get rewarded:
As mentioned previously, an innovative feature of NovaNeed is the ability for users to record review videos and have others vote on the reliability of the video to receive rewards.
On top of that, it’s required for both sell and buy side users to come up with a common description for each item, allowing for the democratization of item information, increasing accuracy and lowering bias.
Additional Features:
- Cashback rewards for transactions,
- Live, secure physical item trading with live price tracking
- And a cutting-edge AI assistant that lists your item with just a photo.
We have also deployed a free compressed airdrop, go to NovaNeed.com to claim it today
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