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

Gunbroker - The World’s Largest Guns Auction Site - Bringing new crypto called FreedomCoin

August 10, 2021 | 

2999 Views | 

Dan Mitchell | 

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As the name suggests, GunBroker does not sell guns itself. GunBroker acts as an intermediary between customers and dealers. Nevertheless, the company sells items like goods.

GunBroker is The world's leading gun broker and marketplace.

GunBroker boasts of being the world's largest auction site for firearms. A marketplace like eBay, but for guns and related goods. The platform offers users the opportunity to buy and sell firearms. You can also search for and learn more about firearms, hunting equipment, and vehicles. You can also find weapons, ammunition, accessories, collectables, and more.

The relationship of GunBroker with FreedomCoin 

FreedomCoin was developed by GunBroker and BitRail. FreedomCoin is a stablecoin created to serve as a means of payment on the GunBroker platform.

FreedomCoin was developed by main partner BitRail on its "encrypted digital payment platform". The cryptocurrency was released as BitRail's first project. After its launch in January 2019, it will be referred to as the company's branded product.

It offers customers an "easier" and "cheaper" way to buy and sell firearms on the platform. Compared to more traditional means of payment such as fiat via debit/credit card. Anyone who wants to pay with FreedomCoin on GunBroker can buy tokens with USD.

FreedomCoin bridges the huge gap between cryptos and the arms trade. A sector that is not connected to the trends of digitalisation. The token is moving towards the integration of digital assets into society and the economy in general.

Where is FreedomCoin Used?

FreedomCoin is used through a programme called 'FreedomCoin Rewards'. This programme awards customers with points and rewards for purchases made with the token.

For sellers: FreedomCoin is an optional payment method. When accepted, it offers customers the benefits of moving. And a competitive price/cost structure. FreedomCoin charges merchants an additional 1.9% on each transaction. When used as a payment method on GunBroker. The company claims that the fees are far below "average credit card fees".

GunBroker Social Responsability 

The Gun Broker claims to promote responsible gun ownership. As part of a "strict adherence to gun ownership guidelines and regulations". All this through licenced gun dealers as brokers." All gun dealers / "brokers" need a 'Federal Firearms Licence (FFL). Assuming they want to sell through GunBroker. They will also have to go through the usual background cheques required to make a purchase. There will also be age restrictions.

The app that Gun Broker tried but did not see the light of day

GunBroker used to offer an app that was launched in 2014. It was banned and removed from both Google Play (Android) and Apple App Shop (iOS) in 2018. Google justified this as a "violation of [its] Dangerous Products policy". Google "does not allow apps that sell explosives, firearms, ammunition or firearm accessories".

These prohibitions have affected the app's ability to function. Gunbroker no longer supports the app and officially declares this:

"Due to changes in their companies, Apple and Google have decided to no longer support our apps. Unfortunately, this also means that we will not be able to provide necessary updates and fixes or new access to the app. We hope you will continue to use our website through your mobile browser, which we are making more accessible for phone users."

GunBroker and FreedomCoin closing words

The popularity and success of blockchains and cryptocurrencies depend on their applications in the real world. GunBroker knows this. The use-value of a token (and not the speculative value). That token gains value when people can use the technology around it.

 GunBroker Introduces a Crypto Currency called FreedomCoin

Buy & Sell Cryptocurrency Instantly

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