A Next-Gen Decentralized, Non-Custodial Peer-to-Peer Service Platform Cryptocurrencies are growing in popularity as the mainstream interest continues to grow. The adoption of crypto assets is also being driven by institutional investors.
There are still many millions of unbanked people around the world who have difficulty getting on to the crypto space. Many people are prevented from accessing crypto by intermediaries like banks or centralized crypto exchanges because they are not from certain jurisdictions. Over time, it appears as though Satoshi Nakamoto’s vision for a decentralized peer-to-peer transfer system has been lost, but ByBarter seeks to restore this original vision of complete decentralization.
What is ByBarter?
ByBarter is a peer-to-peer, decentralized, non-custodial platform for trading digital assets. The team behind ByBarter believes that the original vision of a peer–to–peer value transfer system as described by Nakamoto in his Bitcoin Whitepaper is not being realized. They are determined to make it happen. The decentralized, non-custodial peer-to-peer service platform is a solution that makes Decentralized Exchanges independent, as subscribers to DEX & DEFI can fund and withdraw crypto directly from their self-custodial wallets like Trustwallet and Metamask without reliance on Centralized exchanges. Launchpad, Marketverse and a multi-chain Decentralized exchange are other key features of the project. ByBarter’s goal is to put power back into the hands of mainstream crypto users. Its goal is to decentralize the crypto trading process and remove all intermediaries and centralized crypto exchanges. This project also aims at making crypto more accessible to the unbanked. It will allow everyone equal access to the industry and create endless earning opportunities.
- Decentralized, Non-custodial Peer-to-Peer Service Platform
ByBarter allows users to trade or exchange tokens directly through their cold or hot cryptocurrency wallets. DEX/DEFI users cannot access the decentralized crypto market through any other than self-custody crypto wallets, such as Metamask and Trustwallet. These self-custody wallets can be funded mainly through centralized exchanges or systems. With the launch of the ByBarter project, funding and withdrawing from self-custody hot or cold wallets is now possible on the decentralized, non-custodial P2P Service platform. ByBarter is a project that believes decentralized exchanges should be able to withdraw and fund themselves independently. To ensure crypto’s accessibility, the platform integrates several methods that are used in daily transactions. It will allow users to purchase and sell crypto with upto 320 payment methods including mobile money gift cards, mobile topup cards, thrift, cash, money transfer services, and even exchange services or skills. ByBarter aims to create an environment where members can pool their skills and services, and then monetize them. MarketVerse ByBarter is a metaverse that ByBarter is creating. This will enable members to have online stores where they can trade their skills and goods. The Marketverse ByBarter allows crypto enthusiasts to purchase goods, skills, and services using the cryptocurrency of their choice. They don’t need to convert crypto to fiat. Marketverse users could increase their sales by allowing crypto-savvy customers to pay for their goods and services using crypto. Many believe that crypto is the future. This means that more projects using crypto-based technology will be developed. They would also need an avenue to raise seed capital. ByBarter’s Launchpad will allow vetted crypto projects to be crowd-funded by the ByBarter community. The scope and objectives of projects will be considered. ByBarter members can become serial entrepreneurs through various initiatives, which is a benefit to the community. ByBarter is committed in promoting transparency in its operations. It has also pledged to share half of the revenue it generates on its ecosystem with its community. Users can claim their share of the profit by simply holding ByBarter’s native cryptocurrency. Holders of the coin will receive a passive income stream. The Bybarter Team is working on a decentralized exchange (DEX). It will have a routing system that allows users access to multiple trades at the most favorable rates. Multi-DEX liquidity aggregation is available on multiple chains. This allows users to save substantial amounts on every trade. The DEX is designed to meet the needs of traders at all levels. Experts and novices alike will find it easy to trade with ease and offers military-grade security.
The BYB Token
BYB is the native cryptocurrency of ByBarter’s ecosystem. It is a BEP-20 token that has a total supply 1 billion BYB. BYB holders have the right to vote on decisions that can affect the future development of the whole ByBarter ecosystem. The ecosystem generates 50% of its profits, and holders can receive a share of this profit. Holders of the BYB token enjoy tiered discounts on the ByBarter’s decentralized, non-custodial Peer-2-Peer service platform as well as on the Marketverse ByBarter. Additionally, the token allows holders to participate as early investors in vetted crypto projects that will utilize the ByBarter’s launchpad to raise funds. ByBarter’s decentralized, non-custodial Peer-2-Peer Service platform will be launched for use by the decentralized crypto community to transfer and exchange digital assets soon, but the BYB token is currently on sale, and more details can be found on the project website.