⚓Abstract

Cryptocurrency and digital assets have recorded unprecedented growth over the course of the last few years. Evolving from a simple internet-based currency with no inherent value, the cryptocurrency market has grown into a complete industry with new projects emerging each day and having a combined valuation of over 2 Trillion Dollars as of December 2021. However, despite its phenomenal growth, real-life use of cryptocurrencies is minimal, as they are mainly used for trading and speculating only.

Simeta, a blockchain-based eCommerce marketplace, allows multiple vendors to sell their products with cryptocurrency in the metaverse. It strives to bridge the gap between the cryptocurrency world and the physical world to satisfy consumers who previously couldn’t shop while using their crypto assets. Simeta will start from the US and service the whole world in future.

This Whitepaper gives a detailed description of our research and planning. It also aims to demonstrate the current status and future plans of Simeta, its associated products, team members and SMT token—the native token of Simeta. The document strives to inform our readers how we are using our teams’ expertise to provide a unified and cryptocurrency enabled eCommerce marketplace and service as a guideline during the development for dev teams.