# Platform Features

**BAFEX** is not just a platform for exchange; it is a space where each user becomes a participant in the new digital economy, creating, managing, interacting, and earning.

We combine the aesthetics, functionality, and freedom of Web 3.0 in a format accessible to everyone. **BAFEX** is the platform of the future. And it starts here.

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### Basic User Needs

* **User Experience on a** New Level: After reviewing many global marketplaces, we were disappointed with their visual experience, so we placed a significant emphasis on creating a truly user-friendly and visually pleasing interface.
* Convenience for everyone: we create not only a technically competent platform, but also one that is convenient for everyday life. From AI selections for users to an AI assistant for sellers. And we haven’t even talked about[ bonuses, discounts, and referral programs](../tokenomics/referral-programs-and-bonuses).

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### Automated Fraud Protection

* **Escrow mechanism on smart contracts:** When a transaction is made, the buyer's funds are frozen and stored in the blockchain until delivery is confirmed. This eliminates the possibility of unilateral fraud and protects both parties.
* **NFT token for each transaction:** a unique NFT records all the details of the order, acting as a “digital receipt”. It is automatically “burned” after confirmation of receipt of the goods, which guarantees transparency and security at every stage.

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### BAFEX Holding & Staking

* **Long-term holding incentive:** BAFEX token holders receive regular income (APY) while maintaining the Hard Lock. This strengthens the project economy by creating a stable and engaged community.
* **Reduced fees for sellers:** Sellers who stake a certain amount of BAFEX receive lower costs and other benefits, which motivates them to invest in the project and stay on the platform for the long term.

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### Scalability & Flexibility

* **Multi-chain integration capability:** BAFEX is initially launched on key networks (e.g., BNB Chain, Ethereum), but its architecture allows for easy transition to a multi-chain model, supporting other blockchains (e.g., Solana, Arbitrum, Layer-2 solutions).
* **High throughput:** thanks to the careful selection of network solutions and the implementation of Layer 2 protocols, the platform is capable of processing a growing number of transactions without sacrificing speed.

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### Versatility

* **Wide range of payment options:** the platform supports not only BAFEX tokens but also popular stablecoins (such as USDT and USDC), providing convenience and flexibility for different categories of users. In the future, the list of tokens supported for payment will be expanded.
* **Global Reach:** With decentralized technology and low barriers to entry, BAFEX can fully serve markets across multiple countries without geographic limitations.

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### Referral program for all parties(back and forth, you know)

* **Referral Bonuses:** Users receive [additional rewards](../../tokenomics/referral-programs-and-bonuses#bonuses-and-cashbacks) in BAFEX tokens for referring new sellers and buyers.
* **Multi-level system:** participants have the opportunity not only to increase their income but also to form an extensive partner network, increasing the overall liquidity of the ecosystem.

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### DAO

* **Real governance:** We aim to deliver the best user experience in the world, enabling the DAO to have a significant impact on all aspects of the platform, both internal (rate changes, staking management, etc.) and external (interface, platform features, etc.).
* **Balance**: To balance the diverse wishes of users and implement beneficial changes, we have developed a set of rules that aim to take into account everyone's opinion and also give the project developers a voice. More details in the [relevant section](../dao-governance).

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### Analytics and reporting

BAFEX plays fair, so in the relevant section of the platform, any user can get acquainted with the marketplace's current state of affairs.

* **Key public metrics**
  1. **Trading Volume (TVL/GMV)** - is the total value of all transactions and locked funds in staking.
  2. **Number of active users** - DAU/MAU (number of unique wallets that made transactions).
  3. **Token price dynamics** - daily and monthly chart, liquidity volume on key exchanges.
  4. **Number of active sellers** - registered merchants who have listed ≥ 1 lot in the last month.
* **Community reporting**
  1. **Monthly reports** - overview of KPIs, completed tasks, and plans for the next period.
  2. **DAO reports** - voting results, decisions made, changes in economic parameters.
  3. **Financial reports** - commission distribution, marketing and development expenses, reserve fund status (upon reaching transparency level).
  4. **Technical statistics** - service uptime, number of smart contract errors, audit results (date, volume of code checked, vulnerabilities found/fixed).

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### Additional Benefits

* Access to liquid funds 24/7 without hidden banking fees.
* Opportunity to earn within the framework of the [referral](../tokenomics/referral-programs-and-bonuses) and [staking program](../tokenomics/staking).

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### Marketplace Concept

{% hint style="info" %}
This is just a concept — it may change in the future.
{% endhint %}

You can check out the concept on our website at the following link: [**link**](https://thebafex.com/marketplace). Unfortunately, it currently works best on monitors with a resolution of 1920x1080. We’re already working to fix this.

<figure><img src="https://2134591526-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FcoSn8mfdp8a8bsENK0sC%2Fuploads%2Fqjc6p6gwX0BhzTGRwxf1%2FMain%20(2).png?alt=media&#x26;token=88c3e1b0-5a38-4d1c-8538-3771bd1e9dfd" alt=""><figcaption><p>Main page</p></figcaption></figure>

<figure><img src="https://2134591526-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FcoSn8mfdp8a8bsENK0sC%2Fuploads%2Fx7SQf0xJjfvk76DdZ9HA%2FProductCard.png?alt=media&#x26;token=99c64165-24d3-412a-b611-cdcae31c387e" alt=""><figcaption><p>Product page</p></figcaption></figure>

<figure><img src="https://2134591526-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FcoSn8mfdp8a8bsENK0sC%2Fuploads%2FXmFOcwJY8HzSFOdrKaz3%2FSellerProfile%20(1).png?alt=media&#x26;token=a374eae4-4569-4de3-a645-706da24cc414" alt=""><figcaption><p>Seller dashboard</p></figcaption></figure>
