In finance, there is a natural supply and demand, that creates commerce. Over time, the supply rate of fiat currency, has grown very fast. This is called inflation. Storeum coin was created, to have a cryptocurrency used for transactions, free from tax and fees. It can be used, anywhere in the world, without restrictions. Storeum token (STO), can be used as a primary form of payment, not only, in the Storeum marketplace, but is integrated in various supplier websites, and eCommerce platforms.
One of the biggest and most predominant issues, is, that consumers, cannot buy anything with a penny or a dollar, in most cases. Many years ago, fiat currency, was more valuable, and had a limited amount to go round. As years progress, it is difficult to save fiat money. This is solely caused, by the current inflation model, as money is created constantly, from the central banks. Storeum, does not want to replace fiat money. The aim is, to provide a unique approach, by creating an ecosystem, unattached, to the current inflationary model. The token has limited supply, and allows token holders, to have full control, over their finances, at all times.
Storeum, seeks to create, a decentralized version, of eBay, or Craigslist, a blockchain marketplace, thar users can buy or sell, using Ethereum, as the common payment method. Storeum, is around an idea, of free listings, with a minimal transaction fee, to attract as many users, as possible. The smart contract technology, allows STO marketplace, to ensure safety, executability, intracability, and verifyability, of a transaction. This ensures, that peer to peer transactions, can be done, without hassle.
The Storeum token, was created in January 2019. To this day, the primary use of STO is, within the Storeum, marketplace. The total supply, is limited to 280,000,000 STO. The token, is an Ethereum ERC=20 token.
http://storeum.co/
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