Question#1: Ebay also provides EbayBucks and I can also get 1-2% cash back from Ebates, another 1-2% form Credit Cards, how do you plan to publicize @dstors superiority over these incentives.
Question#2: One of the reasons that Ebay monopolized the buy & sell is their market share, people get anything at bargain that they want, sell to the larger audience. However, they have big chunk of deductions on selling 10-11%. How you overcome limitation of choices compared to site like Ebay or Amazon?
Question#3: How do you plan to compete with decentralized project such as OpenBazar which already provide such service but does not provide reward.
Suggestions: Digital goods (e.g. Digital art posted on Steemit), arts (e.g. painted or printed arts, t-shirts) and crafts marketplace like Etsy would be interesting place to start. If you find a niche that is overlooked as a marketplace, it may see some traction since marketplace is too competitive. Moreover, looking into OpenBazar model would be helpful.
Thanks for the awesome questions!! Full upvote given!
The 1-2% is actually a limitation of Ebaybucks. STORS tokens can be spent for STEEM upvotes or WLS Upshares. While current price of STEEM is low, the FIAT value of an upvote is small. However, we believe that STEEM price can soon exceed all time highs. This means that an upvote FIAT value could well exceed a mere 1-2% cash back. Also, can eBaybucks be sold and bought on an exchange like STORS tokens? No. STORS will be listed on the Bitshares Exchange. STORS tokens also carry a convertible option in that should dStors Inc. launch an ICO, the STORS tokens can be converted to ICO coins. Can one convert eBaybucks into Ebay equity shares? No.
We are conducting surveys to best identify the most desired product categories within the millennial population. Why? Cryptos are heavily driven by the millennials. We will focus product category catering first to this group. Also, we believe the differentiated incentive model will help boost the traffic to www.dstors.com; we will first start with the STEEM and WLS communities and then grow the merchant and seller populations through word of mouth, visibility campaigns and brand awareness.
Our incentive model is heavily based on the WIIFM (What's In It For Me) principle. This is why the STORS token model which can be spent for lucrative upvotes and upshares is critical and thus differentiating. The reward theory has been proven many times in business models that it stokes the WIIFM to a much higher degree than without. Again, the fact that every STORS token carries a convertible option to trade for an ICO coin is powerfully aimed at the WIIFM. It's almost like having "Founders Options" to a startup company....priceless!
Remember that for eBay too, their very first product sold was a broken laser pointer. They too had a humble beginning.
Suggestions: Thank you and yes, we will definitely take them into consideration.