I wish to have build an ecommerce website for the purchase and sale of Ethereum Tokens.
To explain it most simply we have 2 types of transactions: Buy Tokens, or Buy Dollars.
1) You buy tokens with fiat currency (dollars) and provide your wallet ID, the tokens are sent to your wallet when the transaction is complete. This may require some lag time to approve the transaction, and subject to maximum amounts.
2) You sell your tokens back you choose the amount of tokens you want to sell, and it converts to dollars. You would use your tokens in your token wallet to pay for either a check, or paypal or prepaid gift card in increments to be determined.
When you buy tokens, there is a small trading fee to manage the cart.
When you sell tokens there is no fee, other than the gas taxes ETH network requires.
We are unsure the best ecom platform for this transaction. But we want it to be as simple as possible, and to integrate with MetaMask. For simplicity, the "cart" home page offers 2 choices "Buy Token" or "Buy Fiat". If you choose to buy token you must use credit card or bank account. If you choose Buy Fiat you can only spend token to purchase currency.
All token sale proceeds are segregated into account to cover the cost of buybacks. We would like to have some kind of "counter" and/or means to show how much fiat is held in reserve to buy back tokens. This could be as simple as entering a number every day, and/or posting a screen shot of the bank statement. All token spends go to segregated account, the process fee for buying tokens goes to management of the site.
Thanks for your bids!