Results of 2023 — plans for 2024. Barter Smartplace
2023 has been a mixed year for the crypto industry. On the one hand, this is crypto-winter, the fall of the crypto market and the onslaught of regulators. On the other hand, the trend towards tokenization of real assets or RWA (real world assets) became widespread this year. The arrival of institutional investors also partially compensated for the losses of the crypto market. For example, Bitcoin grew by 160% ultimately in 2023.
The Barter Smartplace ecosystem was not only able to survive the crypto winter, but also became a beneficiary of the RWA trend. Our company has been on the market for 4 years and at the end of December we traditionally publish a report on what we managed to achieve in 2023 and what our plans are for 2024.
Overcoming the Crypto Winter
One of the main reasons for the crypto winter was a significant drop in cryptocurrency prices. At the beginning of 2023, many investors and traders expected the market to continue growing, based on previous successful years. However, the situation changed, and many cryptocurrencies lost a significant portion of their value.
One of the factors contributing to the crypto winter was the intervention of regulators in the crypto market. Many governments and central banks continued to develop and implement new rules and regulations regarding cryptocurrencies. This caused concern among private investors who feared the negative impact on the market and possible restrictions on the use of cryptocurrencies. The culmination of this trend was the departure of Changpeng Zhao, the founder and CEO of Binance. He also agreed to a $50 million fine for violating US anti-money laundering rules. He was replaced by Richard Teng, a person from the WEF.
The crypto winter of 2022–2023 led to bankruptcies of major projects such as the FTX crypto exchange and a number of crypto lending platforms, including BlockFi, Genesis Global Capital, and Celsius Network.
Unfortunately, this had negative consequences for our ecosystem, resulting in significant financial difficulties. Fortunately, we managed to continue developing even in such conditions until the crypto winter gradually subsided.
The arrival of regulators made the market less volatile, which attracted institutional investors to the market. The crypto market has gradually been emerging from the crypto winter, although there is now less freedom due to the presence of regulators and monopolies on centralized exchanges. Nevertheless, the negative trend has been diminishing, and thanks to the development of the RWA trend on Barter Smartplace, we have even been able to make an additional leap forward.
RWA Trend
Despite the difficulties associated with the crypto winter, Barter Smartplace has become a beneficiary of the trend towards tokenization of real assets, which has emerged in 2023. This trend is partly due to the arrival of institutional investors in the crypto market, as several major companies, including Avalanche Foundation and Black Rock, have shown interest in tokenization. For example, Larry Fink, CEO of Black Rock (which currently manages assets worth $10 trillion), says that “tokenization is the next generation for the market.” The attention of these large funds has led to the growth of RWA-oriented ecosystems, including ours, which has quickly increased the capitalization of the BRTR token.
According to a report by the Boston Consulting Group released in August 2022, it is expected that the market for tokenized assets will reach $4 to $16 trillion by 2030. According to a survey by Celent conducted in 2022, 91% of institutional investors expressed interest in investing in tokenized assets, including RWA tokens.
More details about the reasons for the growth of the Barter Smartplace ecosystem in relation to the development of the RWA trend can be found in the article on CoinMarketCap.
According to data from the analytical company Layer2Gather, the BRTR token was among the top 3 leaders in terms of price growth among RWA projects. The token’s market capitalization increased by 161% in early December.
Crypto Daily included the BRTR token in the top 15 RWA tokens recommended for listing on the largest American crypto exchange, Coinbase. House of Chimera also recognized our project as one of the most promising in the development of RWA.
It is noteworthy that Barter Smartplace organically made it into these rankings. The RWA trend has led to the growth of our token, which has resulted in more mentions in the media, reports from analytical companies, and crypto enthusiast blogs.
In the second half of 2023, thanks to the RWA trend, the BRTR token twice exceeded a value of $0.04 — in July and December. In the second half of the year, the token price demonstrated high volatility, ranging from $0.005 to $0.04.
Launch of Barter P2P
In January 2023, we added a decentralized P2P exchange to the Barter Smartplace ecosystem. The service is currently in a developing state, attracting liquidity providers.
This exchange is a decentralized P2P experiment where the platform operator does not hold customer funds during transactions, and the administrator can only unlock tokens for buyers or sellers in case of disputes.
The seller locks their cryptocurrencies in a P2P smart contract (similar to an escrow account). The buyer receives the cryptocurrency after the seller confirms the receipt of funds to their bank account.
On this exchange, users can buy or sell tokens on Web3 wallets with the option to use fiat currencies on bank cards.
Polygon Integration with Barter Wallet Bot
We have connected the Polygon network to our Telegram bot. We have also released BRTR tokens on the Polygon network, based on which a staking smart contract will be created. Currently, Barter Wallet Bot supports the following cryptocurrencies: BNB, BTC, DAN, DOGE, ETH, MATIC, USDT, VLX, BRTR, BRUB.
Polygon consistently ranks in the top 20 by market capitalization and is used for transaction fees and incentivizing participation in the network.
Real Estate Tokenization
Real estate is a key asset class within the trend of tokenizing real assets. This year, we have been particularly focused on attracting real estate sellers to our platform. While at the beginning of autumn, just over $2 million worth of real estate was tokenized, with the growing popularity of the RWA trend by the beginning of 2024, more than $100 million worth of real estate has already been tokenized on our marketplace, including land, private houses, and apartments in Dubai, Moscow, the Dominican Republic, as well as in the USA, Indonesia, Montenegro, Turkey, Finland, Panama, etc.
Agency Network
We are ready to provide a great earning opportunity for those who are willing to engage in real estate sales. On our marketplace, there are several dozens of real estate properties for sale, totaling over $100 million. Agents can earn a commission of 0.5% of the property transaction value. This means that agents can earn over $500,000.
Getting started with earning from real estate transactions is simple:
1. The agent finds an interested client.
2. The client purchases real estate on our platform.
3. The agent receives a commission from the transaction.
To become a cryptocurrency real estate sales agent and earn up to $20,000 per month, leave an application through the link.
The user base has grown by 50%.
At the end of 2022, there were 1000 registered users on our marketplace,
and by the end of 2023, the user base has grown by 50% and now stands at 1500.
As for social media followers, by the end of 2023, we have over 30,658 followers on Twitter, over 6,689 followers in the international Telegram channel, and the number of followers in the VKontakte group has exceeded 2350.
Plans for 2024
Adding new blockchains
We plan to add support for new blockchains to our ecosystem. Our priority is Polygon and Ethereum, but we are also considering blockchains like Solana and TON. Adding new blockchains will expand the functionality and attractiveness of the crypto ecosystem for all participants.
Staking
Token holders with a balance of 10,000 BRTR or more will be able to earn through staking. We plan to have a dynamic staking rate that will vary depending on the amount of tokens held. The rate can reach up to 100% annually. Staking is planned to be launched for BRTR tokens on the Polygon network.
Listing on MEXC
We aim to achieve a listing on the major centralized exchange MEXC, which will undoubtedly increase the value of our token. This opens up new opportunities and provides a chance to maximize profits from our investments.
To list on MEXC, we need to gather 3 million BRTR tokens. Currently, we have collected over 1.6 million tokens.
You can expedite the process in two ways:
First, send BRTR tokens to the Barter Smartplace team — they will be used to attract new users to the platform through an airdrop campaign on the MEXC exchange.
Second, participate in funding the listing on the DAstra Network launchpad.
Listing on ByBit
Another exchange listing that is a priority for us is ByBit. It offers numerous advantages such as high liquidity, user-friendly interface, variety of cryptocurrencies, and security. Unlike other major crypto exchanges, ByBit has not imposed restrictions on Russian users, making it one of the most popular exchanges in Russia and the CIS.
Blockchain Live 2024
Blockchain Live will take place in Dubai in April 2024. The event will be attended by blockchain experts, investors, and startup representatives from around the world. This is an excellent opportunity to attract investments and discuss key trends in the crypto market.
We already participated in Blockchain Live in 2022, and it was a very positive experience. Barter Smartplace has enormous potential, and if we present our ecosystem in Dubai, we can secure good investments. With $10 million in investments, we have every chance of becoming the leading RWA marketplace in 2024.
Video content
Currently, most of our content about what is happening in our company exists in text form. However, if you have been active subscribers of our Telegram channels, you may have noticed video-format AMA sessions.
Among our plans for 2024 is video content with interesting guests, where we will discuss the most relevant trends in the cryptocurrency and RWA markets.
In conclusion
Barter Smartplace has successfully overcome the crypto winter and even benefited from the RWA trend in 2023. Our goal is to maximize the potential of real asset tokenization. One of the most important real assets for us is real estate, which is why we have launched an agency network. We are interested in continuing to attract investments in our project, and Blockchain Live 2024 is an event where we plan to attract investors.
We also plan to add new blockchains to our marketplace, such as Ethereum and Polygon. We are constantly increasing the utility of the BRTR token, and in 2024, one of our priorities is to add the staking feature for holders, as well as conduct listings on crypto exchanges MEXC and ByBit to attract a million-strong audience of new users.
We believe that 2024 will provide many opportunities to unleash the potential of the Barter Smartplace project. We look to the future with optimism.
Happy New Year 2024!
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