Vimsquare ($VIM)

Introduction

E-commerce is a global success. E-commerce sales grew by 15,78% from 2016 to 2017. This statistic is even more impressive as global retail sales only grew by 3,1%. It’s clear that e-commerce has become a big part of the retail industry and due to its success, it’s important to know who was the first e-commerce site in the world.

The first ever ecommerce website in the world was established in 1994 by Pierre Omidyar. He is an Iranian-American entrepreneur, who founded several companies including eBay and First Virtual Holdings.

Though the website doesn’t exist anymore, many people liked it so much that it is still remembered today. It was at a time when internet was still new in the business world and online shopping wasn’t as popular as today.

The first ever ecommerce website in the world started as a hobby for Omidyar, but then he wanted to share his discovery with others. He thought that it will be easier to sell his personal belongings over the internet, rather than going to garage sales. However, eBay became bigger than just selling things from his home and ended up being one of the biggest websites on Earth.

#Although Virtuoso.com was the first website to receive a certificate of registration of a domain name, issued on March 26, 1995 by the Internet Assigned Numbers Authority (IANA), and launched in November 1994 by Andy McCue. The site offered fine arts products for sale. It listed artworks available for purchase from multiple sellers in various media and also allowed sellers to upload digital images of works for sale, which were available for immediate purchase.

#It was one of the first websites to accept credit card payments online, but due to the infancy of e-commerce technology at the time, used a third-party payment processor, Digital Gateway Systems. This made it difficult for the site’s operators to verify whether or not the buyer had sufficient funds in their bank accounts to complete the transaction. The website secured its first piece of merchandise (a book entitled “The Secret Garden”) on December 31, 1994.

Digital Gateway Systems later became part of Cybercash, which itself was acquired by VeriSign in 2002.[6] VeriSign divested Digital Gateway to First Data in 2003.[7]

The site was closed down in 2001 as a result of low sales caused by competition from online auction sites such as eBay.

#It is safe to say, then, that the first e-commerce website is a success story. This site was able to create a strong relationship with customers, which balanced their return on investment. The founders of this site have turned their purchase from a small business into a multimillion-dollar company. I am sure that if we were to sit down with them and ask about what the secret sauce to their success, they would remind you that at the end of the day, it’s all about the customer. Then we would all raise our glasses and drink to that!

#It is a new dawn in the e-commerce industry and blockchain. We are happy to introduce the Vimsquare Marketplace token called $VIM.

#Vimsquare is a cryptocurrency project created to support the platform. The $VIM token is the native token of the Vimsquare E-commerce platform. Vimsquare E-commerce platform is primarily powered by the VIM Blockchain Token.

#Vimsquare ($VIM) is a cryptocurrency platform that is based on the AMM protocol. It allows users to make direct trades between their wallets. Unlike centralized exchanges, AMMs do not have an order book and the prices are determined by a formula. This makes Acardex a decentralized exchange that is backed by a network of trusted parties.TheVimsquare ($VIM) platform has several advantages over other decentralized exchanges. First, it offers anonymity, and decreases counterparty risks. Second, it is fast and cheap. And third, it does not require KYC. Fourth, it is free to use. Finally, it allows users to exchange their native tokens for ADA, BTC, and ETH. All of these benefits make Vimsquare ($VIM) the perfect platform for anyone who wants to trade cryptocurrencies.

#The $VIM tokens are used to reward users for participating in different operations on the Vimsquare Marketplace. The token will serve as a pricing structure for product listing on the Vimquare platform. $VIM token will be used for platform product advertising fees, and subscription fees for upgraded customer accounts.

Vimsquare Tokenomics

Token Name — Vimsquare (VIM)Token

Token Symbol — $VIM

Blockchai n — BSC

Total Supply — 360 million VIM

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For more information:

Website : https://www.vimsquare.com/

Whitepaper : https://www.vimtoken.com/vimsquare-whitepaper.pdf

Twitter : https://www.twitter.com/VimsquareUSA

Telegram : https://t.me/Vimsquare_VIM

Facebook : https://www.facebook.com/Vimsquare-101706912380779/