Participation in auctions

To be able to take part in auctions, you have to possess the ETS token. This is the prerequisite for bidding and buying the spaces and goods put up for auction. This works the other way as well. It is possible to sell anything by auction and the payment will be made by means of the ETS token.

Payment for goods, commodities and services

Thanks to the ETS token, it will be possible to pay for everything the users of Etheros created in that world: from buildings to extracted raw materials. ETS can also pay for various services: e.g. lease, tenancy, delivery of raw materials or rare works, such as works of art, licences, certificates or other digital goods, which (while we're about it) can also be transformed into NTFs.

Transfering payments and loans

Imagine a situation where another user, or simply your acquaintance, who has their own space in the Etheros world needs some funds for an investment. You can lend them money by sending it via the internal instant messenger in a matter of several clicks.

This is allowed by one of the systems working in Etheros – i.e. the Payment System, incomparably cheaper and faster than the one currently offered by the expensive and slow Ethereum.

Are you wondering what can serve as a collateral? It is you who makes the call: whether a word and assurance is enough or whether a space owned by your friend will suffice. It's a fair deal! If he or she defaults on your loan, his or her space will become yours.

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