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Gunbroker is the World’s Largest Firearms Auction Site - A New “FreedomCoin”

Gunbroker is the World’s Largest Firearms Auction Site - The Site Integrated a new “FreedomCoin”

December 29, 2020 | 

Dan Mitchell |  0 Comments| 

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The popularity and success of blockchains and cryptos depend on their real-world applications. A token’s utilitarian value (rather than speculative). This token gain price when people can use the technology around it.

FreedomCoin bridges the large gap between cryptos and firearms trading. A not associated sector with the digitalization trends. The token move towards integrating digital assets into wider society and economies.

But what is GunBroker, and what makes this ‘FreedomCoin’ special?

What is FreedomCoin?

FreedomCoin got Built by GunBroker and BitRail. FreedomCoin’s is a stablecoin acting as a payment method on the GunBroker platform.

Customers get an “easier” and more “cost-efficient” way to buy and sell firearms on the platform. When compared to more traditional payment methods such as fiat via debit/credit card. Anybody interested in using FreedomCoin to pay on GunBroker can buy tokens using USD.

It used via a program called ‘FreedomCoin Rewards. Which distributes points and rewards in return for purchases made using the token.

For sellers: FreedomCoin is an optional payment method. Which if accepted, offers the remove benefits to customers. Plus a competitive pricing/costs structure. FreedomCoin charges merchants 1.9% on top of every transaction. When used as a payment method on GunBroker. It claims of having fess far lower than “average credit card fees.”

FreedomCoin got built by key partner BitRail upon its ‘encrypted digital payment platform. The crypto got released as BitRail’s premiere project. After its launch in January 2019. It gets described as its signature product.

GunBroker World Leader Gun Broker and Marketplace

GunBroker boasts that it is the world's largest firearms auction site. A marketplace like an eBay, but for guns and associated wares. The platform offers users the ability to buy, sell, firearms. Also, to search and learn about firearms, hunting gear, vehicles. You can also find guns, ammunition, accessories, collectables, & more.

The company also claims to promote responsible gun ownership. Inside a “strict adherence to gun ownership policies and regulations. All this through licensed firearms dealers as broker agents.” All gun dealers / "broker agents" need a ‘Federal Firearms License’ (FFL). Suppose they want to sell on GunBroker. They must also go thru standard background checks required for buying. Age restrictions are also implemented.

As its name suggests, GunBroker does not sell any gun products itself. GunBroker acts as a dealer between customers and traders. Yet, the business sells items such as merchandise.

GunBroker makerplace website. Review of freedomcoin

GunBroker before offered an app that had launched back in 2014. It got banned and removed from both the Google Play (Android) store and Apple App Store (iOS) in 2018. Google cited the issue as being a “Violation of [its] Dangerous Products policy”. Google doesn’t “allow apps to sale explosives, firearms, ammunition or firearms accessories.”

These bans have disabled operational functionality of the app. Gunbroker is no longer supporting it and officially stating:

“Due to policy changes within their companies, Apple and Google have chosen to not support our apps now. Unfortunately, that also means we cannot provide needed updates and fixes or new access to the app. We hope you will continue to use our site via your mobile browser, which we are making more responsive to phone users.”

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