Example of barter trading

Hello! 👋🏻 Today we will tell you by example what a barter transaction is.

Barter is understood as the exchange of values ​​without the use of currency. During the Middle Ages, Europeans traveled all over the world to trade handicrafts and furs for silks and perfumes. Colonial Americans traded musket bullets, deer skins, and wheat.

When the money came about, barter became more organized and globalized. For example, if a country produces a lot of rice, that country can exchange it for another type of grain or fruit, textiles, or oil.

Barter between businesses often includes goods or services in exchange for advertising. A company can supply promotional materials and in return receive a certain amount of airtime.

A modern barter exchange is a platform for an organized search for counterparties for barter transactions, usually implemented in the form of a specialized site, the system of which provides an automatic search for options for exchanging goods and services, taking into account the expressed wishes.

🏆 Barter Smartplace creates a blockchain barter platform that will allow members to exchange any tokenized assets and liquid currency. The tokenized asset can subsequently be placed on the platform and sold or included in a barter exchange.

To conclude barter transactions, you just need to have funds in your bank account and agree to connect it to your Smartplace account to conclude subsequent transactions. Barter costs no more than 0.02% for each party, including Ethereum gas costs. If the dark pool is used for exchange, then the cost of the contract may be higher in exceptional cases.

The signing of a barter agreement by the parties is performed on a smart contract system with the replacement of data on the owners of assets in the relevant registers on the basis of a concluded legal contract. This is one of many examples of barter transactions.

✅ The Barter Smartplace platform is designed for international automated legal barter exchange, combining the traditional economy with decentralized finance.

📢 Join the modern barter trade with Barter: http://barter.company/

Join the community: http://t.me/barterteam

Telegram wallet: http://t.me/barterwalletbot