What do you are likely to do along with your outdated objects? Your garments that now not match. The outdated electronics that you just’ve changed. Your outdated books. Many people take the easy route and throw them away with no care. However this form of behaviour might be harming each us and the planet.
Until our objects are utterly broken (which they usually will not be), they will at all times have a second life with a brand new proprietor. By throwing them away, we’re lacking out on potential revenue we may make by reselling them. Then there’s the environmental affect. Landfills are a serious challenge world wide and thus, the push to maneuver away from single-use objects. And throwing away our outdated issues solely contributes to this downside.
However what if there was a approach to handle each? What for those who may make an revenue out of your outdated issues whereas nonetheless benefiting the planet? Seems there’s, because of Myntist, a blockchain-based market.
The Advantages of Myntist
Second-hand marketplaces will not be a brand new idea in themselves as lots of them exist already. How Myntist stands out and presents customers, much more, is thru its leveraging of blockchain expertise. This is similar expertise behind cryptocurrency and is on the heart of Myntist’s operations.
First, Myntist lets you resell not simply your bodily objects but in addition your digital ones. NFTs, in-game property, and so forth. All these may be listed on Myntist’s platform. When somebody chooses to purchase any of your bodily or digital objects, you will get paid in a number of currencies, together with Myntist’s native $MYNT token, USDC, Bitcoin, Ethereum and in fiat.
Not solely do you get cash out of your preliminary sale however you additionally get royalties in perpetuity. Normally, if you resell an merchandise, you receives a commission by the one that purchased it as soon as and that’s the finish. However with Myntist’s fee program, for those who promote an merchandise on its platform, you receives a commission every time that merchandise is resold. Whether it is resold 10 occasions, you receives a commission royalties 10 occasions.
Resale commissions have already been perfected throughout the NFT area and provided that it is usually based mostly on blockchain expertise, tracing and allocating royalties may be finished successfully. Apart from the very modern royalty course of connected to Myntist’s setup, there’s additionally the chance to earn a constant revenue by way of a course of referred to as staking.
‘Staking’ on this sense is sort of a fastened deposit scheme the place you commit your earnings to the Myntist community and earn curiosity from it. This curiosity may be very excessive, as much as 40% in some circumstances. Myntist has additionally introduced its early adoption token which might be out there within the first quarter of 2023. These tokens might be 2,222 in whole and might be bought for $225 USDC. Those that maintain them will have the ability to profit as the value will increase later one. Evidently, Myntist customers will not be missing methods to make passive revenue from their objects.
Then there’s the environmental profit from all of this. Let’s not overlook that the objects which can be traded on Myntist would usually be thrown away and change into a part of a landfill of non-biodegradable merchandise. However as a result of they’re being bought on Myntist, they’re saved from this destiny. This additionally applies to companies that may record their outdated objects and overstock on Myntist.
Some companies resort to throwing away these kinds of issues, which contributes to extra environmental waste. With Myntist, they cannot solely record these however may even be inspired to create merchandise that are supposed to have a second and even third life.
A Client Revolution
Relating to pre-owned issues, customers usually face the problem of what to do with them. Do they throw them away, lacking out on the prospect to resell and contributing to landfill and air pollution? Because of Myntist, they now have an answer.
Not solely is there monetary profit for individuals and companies who can create passive revenue by promoting their objects however there’s additionally the profit for our surroundings as this stuff are reused and recycled amongst customers.
