One of the main reasons cryptocurrency as a whole are not as broadly adopted is because of Bitcoin. Bitcoin is almost certainly required to purchase other cryptocurrency. Bitcoin cripples the success of other projects because of its dependency. Junktion has a solution to the bitcoin trading pair problem by allowing the users to trade in their items for any cryptocurrency that they wish, allowing the end user to avoid fees and get the cryptocurrency of their choice.
This analogy is important to think about when you think about the bitcoin trading pair issue.
Think about going on a far trip somewhere in America. At some point you have to pay tolls. These tolls are a needed evil to get to new land. These tolls are like blockchain transaction fees. Each and every time you buy and sell you are forced to pay them. They are unavoidable.
Buying bitcoin and then purchasing altcoins with that is the old traditional way of purchasing bitcoin. There is now a much better solution for skipping these tolls and or fees.
Our Solution
Junktion.io allows users to trade their items for whatever cryptocurrency they wish. This avoids the whole toll of trading through bitcoin to obtain any altcoin. We save you on fees and provide you with a solution to the bitcoin trading pair by providing you with a legitimate alternative to earning cryptocurrency.
Nobody likes fees
Fees are one of the largest reasons why people do not own crypto. Forcing people to pay fees will only push adoption so far. There needs to be alternatives to buy bitcoin and all of the other cryptocurrency as well.
Going back to the tolls on a highway example. There isn’t a way for you to just skip over the toll payers without getting fined. If only you could fly over them and get directly to where you wanted to go. That would be nice.
Junktion is a way for people to obtain cryptocurrency without paying fees. In the example we have been using we built a flying car that has a road of its own.
Addressing and solving the bitcoin trading pair
Your item can be traded with any trading pair. This means that your item can be turned directly in to Bitcoin, Ethereum, Ripple, Tron, Eos, Neo, Stellar, or any other common cryptocurrency pair. Every coin on Binance is accepted.
Our cryptocurrency marketplace dapp
The only intermediary in between your cryptocurrency is Junktion and the buyer/seller in our cryptocurrency marketplace dapp. We are in an early beta now that we are calling the pawn shop phase. As an mvp to get ready for our marketplace dapp we are purchasing items to be sold on it.
In the coming months, we will be rolling out new features. During this time Junktion will continue this pawn phase. We want to be the legitimate alternative to earning cryptocurrency and can use all the help we can get. We have plenty of job openings and ways to be involved Please leave your email on the site.
The Bitcoin trading issues will continue until there are serious alternatives to buying and selling cryptocurrency. Our crypto marketplace is going to focus on the following:
– Safe and easy to use
— Fast and speedy checkout
— Fair pricing
– Zero fees
A lot of cryptocurrency marketplace dapps and other companies trying to decentralize trade fail on a lot of different areas to make sense of the whole problem.
You can not fully decentralized trade
Do you even want to? Imagine guns and all of the black market boiling to the surface again. Another Silk road is not what we need for cryptocurrency. Junktion is not anything like that. We are a fun, unique shopping experience brought to you by the Ethereum blockchain.
Junktion is solving the bitcoin trading pair problem
Bitcoin dominance gives the rest of the altcoin market extreme coupling in price and most often bitcoin determines the entire market because of it market dominant market cap in the industry.
The flipping of bitcoin might actually come to fruition. Most of our customers support coins such as ETH, Stellar, Ripple, Litecoin, to name a few of the more popular choices. Bitcoins dominance will eventually come to an end once there are enough Ethereum dapps that carry the same void and more. For example, If you gather up all of the logical uses of bitcoin aqnd replaced them with other coins and apps on the ETH network. This might even be the best thing to solve the bitcoin trading pair and dominance issue.
Only the future will tell, We know that we are doing our part to help crypto as a whole.
Originally published at junktion.io.