See better formatted version of this proposal here: GeoCrypto.io

OVERVIEW OF GEOCRYPTO.IO -- MONERO MARKETPLACE

TL;DR: The Vesp.co Marketplace software will be integrated with Shapeshift.io & Kraken's APIs for price and trading to make a Monero centric marketplace.

All code related to Monero will be released under an open source license.

The

WHAT IS IT?

GeoCrypto.io is a marketplace that only pays sellers and affiliates with Monero but accepts many payment methods.

GeoCrypto.io will accept most cryptocurrencies, wire transfers, and cash and checks by mail.

GeoCrypto allows for the sales of goods and services and the local exchange of cash for Monero.

GeoCrypto allows users to opt for price fluctuation protection. If they opt in, this will be achieved by buying & selling a parallel amount of Monero at the time of transaction.

UTILITY

Accept all cryptocurrencies, money order, check and cash by mail but will only pay sellers in Monero.

Sell goods, services and act as a "localbitcoins" for Monero. (again, any cryptocurrencies can be used but payout will be in Monero only).

Provide a global on ramp for individuals in countries without robust payment processors.

Facilitate value transfer in markets that payment processors restrict, such as the adult content (erotica, toys), herbal products (kratom, salvia, spore syringes).

Aspects relating to cryptocurrency integration, when possible, will be released as open source. This will include any API stuff related to shapeshift, exchanges, and monero integrations.

Please note that the actual existing marketplace software will not be open sourced at this time but it is an option we're exploring.

HOW

Vespco marketplace software. See demo: http://dev.vesp.co

Shifty button + serhacks Monero integration makes this easy

Integrating account back-end to work with exchanges for protecting price fluxuations and to pay

Currently the vesp.co software is integrated with credit card payment processors. These will be removed and replaced with the shifty button.

Monero payout address will be added to seller accounts and upgrading the current accounting system so that it can properly handle Monero and allow for price fluctuation protection.

This should be fairly easy to do and

Example of categories:

Goods Agriculture & Forestry Herbal Supplements Listing: 100g, Red Vien Kratom Adult (18+) Cleaning supplies Glass Cleaner Body Soap Bar Soap Listing: Monero Soap - Clean your bits!

Services Business Narration Marketing Accounting Services Taxes Personal Prepaid Phones

GeoCrypto (localbitcoin equivelent for Monero) Americas Asia Europe Africa



WHO

Cameron Ruggles - owner of the marketplace software, founder, and manager.

Serhack (Monero PHP integrations project, Annularis)

Mykhaylo Legenchenko (Vesp.co Software Developer)

CURRENT DEVELOPMENT

Watch the website development here: GeoCrypto.io

Features to be added:

Accept over 40+ cryptocurrencies

Remove credit card processing system

Protect against price fluctuations

Monero Payout & accounting system

Current features:

Responsive, simple web design

Seller stores: example

Integrated marketing:

Rating system: example

Affiliate program:

Adjustable sale fees

Premium Accounts

Robust product page:

Multiple product images

Rich product descriptions; images, links, video.

Product specifications displayed.

Add to cart OR buy now feature

Descriptions allow for links, images, and formatting.

Recently viewed items

"Customers also bought" list

Related products list.

Product favorites

Display order history.

Internal messaging between buyer & sellers

Product variations

Payment via cash, Money order, check, etc via mail.

Product Import

Amazon Product Import

eBay Import

Etsy product import

CSV file

Shipping Labels

Commercial base shipping prices for all sellers

Manual orders

Ability to buy additional shipping labels not linked to transactions

UPS, FedEx, USPS, DHL, and other parcel services available.

TIME FRAME

The Vespco marketplace software will be finished with it's final features in 2 weeks on approximately 10/2/2017.

The shifty button and a price API will be easy to integrate after that, I expect less than 1 week.

At that point the site GeoCrypto.io will launch and be in beta - it will not offer price protection.

A trade API, likely Kraken, will then be integrated. This will be used to offer price protection from when you are paid by customer vs when you receive your funds which will likely be biweekly.

All code related to the shifty button, price API, and trade API will be released as an open source script after it is developed.

Task should be completed approximately 1 month after it begins on 10/2/2017, so the site should be fully functional within 11/2/2017

FUNDING

Amount desired

$2,000 USD OR 20 XMR.

How it will be used:

To pay the developers. Legenchecko will be doing the bulk amount of work, and so will receive most of this payment. Secondly is Serhack who will likely help with the actual Monero integration part. I (Cameron Ruggles) will not be paid anything for managing this project.

I am also paying them out of my own pocket, I just don't want to overextend myself financially so I am wanting help. I think this is a small amount to ask for the type of project that it is and my willingness to release some of the code as open source.

All money raised will go exclusively towards adding the monero/cryptocurrency centric features. I plan to add my own money to this project as well and I am not taking any for the work I am putting into it. I just wanting help with the expenses.

FEEDBACK

Please contact me for feedback, I am really wanting critical views and opinions. I think this is a good idea already but if it can be improved or if you see a problem with it, I would love to hear it.

CONTACT

Milestone 1: 5 XMR Finish Vesp.co Marketplace software. There are a few issues regarding internal messaging, shipping and ratings that need to be integrated better with the recent html/css redesign.

Milestone 2: 10 XMR Integrate shapeshift.io'a shifty button and disable legacy payment method (credit card processor).

Add a wallet that only has the viewkey(s) to verify transactions without need for trusting a third party.

Add a Monero payout address field to the sellers account so that they can be paid biweekly.

This will make the marketplace functional and at this point it will launch in beta.

Milestone 3: 5 XMR Kraken API integration to protect sellers from price fluctuation by trading Monero/USD in parrelel to transactions on an exchange.