In this video Daniel Dabek does a walk through of the features of the TWM Wallet that is staged for release. This wallet is a First Edition as part of the roll out plans for The World Marketplace project that resides on top of the Safex Blockchain, which contains a decentralized contract marketplace for selling goods and services.
Daniel goes through creating a new wallet, receiving Safex Cash and Safex Tokens. He showcases creating an account to become a seller which costs 1,000 Safex Tokens (SFT) that get encumbered into the blockchain for 30 days before being returned to you, this is to stop spam.
He further shows registering with the TWM API which is essential for secure communication with the buyers of the offers. This feature requires authorization from the TWM API operator, and in the First Edition this feature will remain closed to ensure quality of sellers on the platform.
After Daniel’s offer called: Dallys Tea Cup is listed, he then proceeds to the main marketplace section where you can see all of the offers that are available through the API that are pulled from the Blockchain and authorized.
He buys the offer with Safex Cash, and at that moment a PGP key is generated and a secure communication channel between the buyer and the seller account is established and the Shipping information is communicated directly to the seller for fulfillment.
Afterwards, Daniel shows the Safex Token staking view where people can also stake their Safex Tokens and retrieve from the revenue generated by the Safex Blockchain Marketplace Platform.
This is a fully autonomous system where all clearing of payments takes place over the blockchain and the offer listings are embedded into the decentralized blockchain. The payment is conducted through secure cryptocurrency a crypto known as Safex Cash that is obtained through proof of work mining and there is no centralized masternode system involved.
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