TradePort Pay

TradePort pay is the core mechanism that TradePort works on as well as the marketplaces built on the architecture. It allows you to define “Value”, it does this through four components. Cryptocurrency, fiat currency, bounties (Services) and Goods. With TradePort pay you can use and combine any one of these payment methods to create unique transactions that was never possible on web 2.0. Here is an in overview of how each component works.

TradePort Pay Components:

Cryptocurrency: TradePort is built on the Ethereum blockchain which makes it natively support ERC-20 tokens, Ether as well as any other token standard that is created. Token standards allow blockchain developers to use their creativity to define what “Value” is with each new standard. Since token standards are always improving consistently, it gives us the ability to naturally evolve TradePort Pay to accept new types of value.

Fiat Currency: Fiat currency is needed in every regard in order to transact, everyone earns fiat currency and uses it to transact daily. We accept fiat currency to ease people into the ecosystem as well to let them earn fiat currency to transact in the real world.

Bounties (Services): Bounties allows for anyone to post a task, users can complete those tasks for fiat currency,cryptocurrency, goods or more services. A bountier/bounty hunter can set the terms of payment to any combination of the payment methods. For example a bountier can start a bounty requesting users to build his website and sets the terms of payment to be “ One iPhone Xs, 2 ETH and $150 in fiat currency”.