Nomidman is the first decentralized market hub created on blockchain aiming to reduce the time and fees for trade transaction in an ultimately global presence.
Trading Physical Goods Competition
Other platforms that currently partially provide similar services are Amazon, Ebay, Alibaba using a centralized server to store user’s sensitive information such as name, address and financial details. However, data could be compromised or even used to track user behavior, or shared with other third parties for financial gain. On the other hand, these platforms charge sellers hefty fees to list their product and services, forcing them to pass these fees on to buyers. This ultimately results in them paying significantly more
Trading Crytocurrency
Platforms like Local Bitcoins is limited to trading only bitcoins. Other few platforms are also limited to one or a handful of cryptocurrencies and trading speeds are limited by block times. New platforms such as 0x have addressed some issues with the current problems but still fail to enhance the user experience. They are also limited to digital assets such as some ERC20 tokens.
Freelancers’ Hub
The global market lacks a secure and low-cost platform for freelancers and service providers. Platforms like Upwork is the current best option for freelancers to have a global exposure and potentially increase their income and portfolio. But this comes with a large cost. Upwork currently charges freelancers up to 20% as a commission on all their invoices due to their centralized structure.