POH marketplace

Introduction to the POH Marketplace

The Proof of Holding (POH) Marketplace is an innovative platform within Clore.ai that allows users to maximize the utility of their CLORE coins. The marketplace serves a dual purpose: it enables coin holders to earn passive income by renting out their CLORE coins, and it allows others to rent these coins to increase their earnings from the network’s rewards system. By participating in the POH Marketplace, users can either profit from holding CLORE coins or enhance their staking power to receive a larger share of network rewards.

Purpose and Benefits of the POH Marketplace

The POH Marketplace is designed to be user-friendly, transparent, and secure, providing a robust platform for maximizing the utility of CLORE coins. For coin holders, it’s a way to earn additional income without selling their assets. For renters, it’s an opportunity to temporarily boost their staking power and increase their earnings from the network’s reward system. This feature further solidifies Clore.ai’s commitment to creating a user-centric ecosystem that empowers participants to make the most of their digital assets.

Key Functions of the POH Marketplace:

1. Listing and Filtering Offers:

• Users can view all offers on the marketplace, including those seeking to rent coins and those offering coins for rent.

• Filters allow users to narrow down listings by type (rental or lending), amount of coins, rental duration, and cost.

2. Creating Offers:

• Users can create their own offers, specifying the amount of CLORE coins (minimum 500 coins), rental duration (from 1 hour to 90 days), and the annual rental rate (from 5% to 250%).

• An online calculator dynamically calculates the exact amount of coins users will pay or receive based on the entered details. For instance, if an owner wants to rent out 10,000 CLORE coins for 3 days at an annual rate of 250%, the calculator will show the precise earnings before the offer is published.

3. Managing Offers:

• Owners and Renters can manage their active offers, including editing, deleting, or accepting counteroffers from other users. Users can also track the status of their offers and receive notifications about important updates, such as when someone has accepted their offer or made a counteroffer.

4. Negotiations and Order Completion:

• The marketplace supports negotiations, where users can propose counteroffers by adjusting the amount of coins, rental period, or rate. These negotiations allow for flexibility and mutual agreement between parties.

• Both Owners and Renters can close active orders, either upon completion or early, with a small fee applied for early closures to compensate the counterparty.

5. Order History and Repeat Offers:

• Users can view the history of their completed orders, including detailed information such as the rental period, amount of CLORE coins, annual percentage rate, and total profit earned.

• The system allows users to repeat previously completed orders, with pre-filled parameters to streamline the process. Users can adjust any details before reposting the offer to the marketplace.