Take a moment to think of all the stuff you’ve owned in your life up until this point. All the clothes you grew out of or that went out of style, the books you read and discarded, the electronics you no longer use, the whole lot. 

Now, imagine that rather than throwing them away or giving them out, you sold them. Imagine how much money you would make. Now, take it a step further. Imagine that you not only sold them but that every time the person you sold them to then sold them to another person, you got a cut?

This might sound too good to be true but it is exactly what Myntist, a blockchain-based marketplace, is offering. 

What is Myntist?

Myntist is a marketplace where you can list both your physical items and your digital assets for sale. Should you choose to buy from the site, you can do so in your own currency but conversions are made to its native token $MYNT, or USDC, Bitcoin and Ethereum.

On the surface, the premise is simple; you list an item and someone pays for it. There are many sites that already do this. But there is a bit of a twist; every time an item you list is resold, you get a portion of the proceeds.

Now, imagine you list a book for sale today. Ten years in the future, it has likely changed hands multiple times and each of those times, you get paid. As such, a single listing on Myntist has become a permanent source of income!

If you want, you can even take this a step further. Myntist has options for staking your tokens to earn interest. In this case, you commit your tokens for a certain amount of time and get interest of up to 100% on it. 

Should you do this, there is no limit to how much you can earn. On top of this, Myntist has a mechanism in place to make sure their native $MYNT tokens don’t lose their value. By staking the tokens, their supply is reduced and through the marketplace, the demand for them is increased. 

All of these mean that the value of the token can only continue to grow, meaning even more money for you. Myntist is also not limited to just individuals as small and medium enterprises and other businesses can create revenue streams on the platform. 

This new platform was born out of a desire to create more value for those who want to sell compared to a lot of existing sites. 

As Geoff Broomhead, the CEO of Myntist, explains, “Taking the idea of royalty sharing from NFT’s and applying them to consumer marketplaces opens up a tremendous amount of value to the consumer. I realized that the new royalty sharing, which started with NFTs, if applied to the consumer market opens gives the ability for consumer products to now be used for creating Cashflow with lifetime benefits for ordinary people The world has been waiting for a new social contract, I believe our royalty sharing algorithm in our consumer marketplace is that contract”. 

The Way We Sell

With eCommerce bigger than ever and more options to sell our older items, everyday people stand to make a lot of money. With Myntist, not only can they make money selling their things but can turn them into something more. 

Not just a one-off payment for an item, the site offers long-term and consistent passive income that can lead to financial freedom for all.