U.S. Markets closed

Free Market Token, built on NEM, will power feature-packed ecommerce platform Ecryptostore


SYDNEY, May 29, 2018 /PRNewswire/ -- Free Market Token recently launched their token presale for FMT which will power feature-packed ecommerce site Ecryptostore.

Co-founded by Nathan Burns, Austin Lewinsmith and Rafael Bergola - with significant business experience, including founding The School of Blockchain. Along with an all-star advisory team - including David Dabscheck, CEO of GIANT Innovation and Joseph Chua, the youngest CEO for SANYO in South East Asia, and a large and experienced development team with over 60 years' experience between them, FMT and Ecryptstore is positioned to change the way we buy and sell goods online.

The Ecryptostore platform is operational with version two in development, allowing users to buy and sell goods and services globally with fiat or cryptocurrency.

"The traditional ecommerce platform, a multibillion dollar industry, is currently dominated by a small number of juggernauts like Ebay, Amazon and Alibaba. Ecryptostore aims to capture a small percentage across this traditional space whilst positioning ourselves as a dominant leader in the ever-expanding cryptocurrency space", says Nathan Burns, Co-founder.

Ecryptostore is the ultimate link between cryptocurrency and real-world application and provides a simple on-ramp and off-ramp for users. Think Ebay or Amazon for Crypto, where merchants are protected from price fluctuations with FMT. Merchants are paid in their desired cryptocurrency, able to cash in instantly by holding FMT in escrow until the transaction is complete.

A tiered subscription/preferred staking model provides a continual revenue stream for the platform and demand for the token. This FMT token sale allows early adopters and supporters an opportunity to secure FMT tokens at a discount rate, open an Ecryptostore merchant account, reduce transaction fees, earn commissions on referrals, and buy/sell goods with cryptocurrency.

Ecryptostore is offering 250,000,000 FMT tokens for sale with a hardcap of US$12 million. Crowdsale will open in June 2018. Funds raised will be used to further develop and integrate the platform's cryptocurrency payment gateway, provide liquidity for the buyer's and seller's protection service and expand features. Global expansion will commence via aggressive marketing.

For further information or to arrange a media interview, please contact:

Brooke Glew
Email: brooke@arthurglobal.co
Phone: +61-424-610-622

To find out more about Free Market Token, visit: https://freemarkettoken.io/
Whitepaper: https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf
For the Ecryptostore, visit: https://ecryptostore.com/