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plier's score and rank and visible to the buyers. Score and rank is determined by: 1. the number of MCs deposited (this reflects commitment to the market) and 2. feedback received from clients (this reflects the quality). Suppliers are also rewarded for introducing new clients to the market. This means they get paid a referral fee even when they don’t make a sale themselves. Marketing efforts and budgets can be focused on promoting the market itself. This is much easier to communicate to potential clients. A message about a supply driven market that is designed to promote quality is much more interesting to clients than a message saying, ‘my company is the best and you should just trust me even though I have no way of proving this to you’. Finally, suppliers are rewarded in MCs for the quality of the service. Once a month, the quality score for each supplier will be calculated. Companies with the highest score and biggest project value will receive the highest reward. Companies with a negative score will have to pay the deficit with their MCs deposited in the market escrow account. MARKET COINS There will be a finite number of MCs issued. Hence, MC is a deflationary token that is designed to increase in value over time. The total pool of MCs will reflect the total value of the market. Increased value of the MCs will reflect the increased value of the market. Suppliers must get a hold of and deposit MCs into the market escrow account in order to offer services on the market. The earlier they join, the easier to buy a significant share of MCs.

MSc are NOT meant to be used for payments between buyers and sellers. In specific cases, they can be used in transactions (like with a performance guarantee or incentives paid by suppliers to team members) but by no means are they designed as a replacement of current payment systems. The software development industry, in general, doesn’t struggle with issues of liquidity.

Both parties would be better off researching verified, detailed information about each other, and the quality of the services The value of MCs ultimately comes from the offered, in a transparent and tamper-proof fact that they are needed by suppliers wanting to access the market. With a limited supply of environment. MCs and growing numbers of companies entering the market, its value will go up.

This idea can be a model for building markets for many services. Every time where a service is expensive, and purchases are infrequent, this model can be used.

Liquidity of MCs also helps to increase the value. Each month suppliers will be charged a fee equal to a percentage of the revenue generated on the market. (Say 5%). This money will be used to buy MCs from the market and redistribute them among the actors helping the market and the operator, to cover the cost of running the market. This creates liquidity and a demand for MCs. Both promote an increase in value. Model for Service Markets in General This idea can be a model for building markets for many services. Every time where a service is expensive, and purchases are infrequent, this model can be used: management consulting, specialised tax advisors, house builders, construction subcontractors, solar panel installers…The market for professional B2B services alone is $500B a year. Please get in touch with me if you would like to know more or be a part of making this idea a reality. michal.bacia@tsh.io 31

ICO Crowd Magazine Issue 4  

D10e’s Mike Costache, Senero, Aragon,Ocean Protocol and many more...

ICO Crowd Magazine Issue 4  

D10e’s Mike Costache, Senero, Aragon,Ocean Protocol and many more...

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