Myntist: Facilitating a value exchange system by leveraging blockchain

If there’s one thing we humans have had a lot of, it’s stuff. All kinds of things. From clothes to books to gadgets to household items. During our lifetime, we own, use and throw away hundreds of thousands of objects without even thinking about it.

Many of these objects, at the time we throw them away, still have life in them and can continue to serve other people. This simple fact has given rise to the entire used market with sites such as Depop and Vinted.

But even with all these options for selling old items, you can only really sell an item once. Usually the setup is that you list an item once, someone pays for it once, and that’s the end of it.

But what if there was a way you could forever make money from all the items you list? Well, here it is Minta blockchain-based marketplace, enters.

Recurring cash flow

On the surface, you might think that Myntist is just another site for listing items for sale. But the platform goes far beyond this.

First, Myntist is not limited to just physical items. Yes, you can list your old watch there, but you can also list digital assets like tokens and NFTs. After you list these, you can get paid for them in a variety of cryptocurrencies, from the site’s native $MYNT token to USDC, Bitcoin, Ethereum and in fiat.

But here’s the big twist; when you show an item and someone buys it, you get paid every time they resell the item to someone else. This is because Myntist runs a commission program that gives a portion of the marketplace commission on each item to all sellers of the item.

If the old watch you resell sells ten times, for example, you’ll earn ten times the commission. Essentially, every time the item is sold, you get paid. More than just the fact that you get paid multiple times, Myntist ensures that you get paid multiple times over a long period of time. By selling items on the platform, you essentially turn them into assets that reap rewards, whether you’re the first or fifth person to sell that item.

Myntist also ensures that both private individuals and companies make better decisions for the environment. As most of us know, the world is trying to move away from the disposable economy and reduce the products that end up in landfills. Myntist contributes to this by investing in a circular economy. Since the site allows anyone to list items they’ve owned multiple times, the lifespan of those items is extended several times over, preventing them from ending up in landfills. Instead of throwing away old clothes, people can simply bring them up to Myntist. And as this takes hold, companies will meet this need by creating products that are meant to perform multiple wonders throughout their lifetime, significantly reducing waste.

The watch you display today can continue to make money for many years to come and become a passive income source. But that’s not all; There are also ways to maximize your income by betting.

You see, when you get paid for an item on Myntist, you can withdraw immediately or “bet” it. Staking, in this case, means that you agree to lock your money away for a certain amount of time on the network.

By doing this, you can earn up to 40x interest on your tokens and earn even more money. In so many ways, using Myntist means you can build a convenient and permanent source of income just by listing things you no longer need.

As these amazing features roll out, the company has also offered the chance for users to buy into its early adopter token. Starting in the first quarter of 2023, Myntist will sell its early adopter token at a price of $225 USDC. The assets are in limited quantity, but with only 2222 available.

Financial freedom

Passive income is one of the main keys to achieving financial freedom, and Myntist aims to make this easier than ever. By creating a royalty-like system for selling legacy items, Myntist offers ordinary people a chance to not only create a long-term source of income, but also maximize it via stake.

While the resale market may have been around for a long time, Myntist looks to use the power of blockchain to take it to the next level.

This post was written by an external contributor and does not represent Benzinga’s opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and is not intended to be investment advice.