Ethbay is the newly launched blockchain based platform that aims to disrupt the traditional online marketplaces using the power of decentralization. It is an online marketplace much like eBay that allows users to buy or sell tangible and non-tangible products using Ethereum charging only a 1% fee, which is significantly lower than fees charged by eBay and other such marketplaces. Ethbay is all set to launch their official ICO on June 7th and offer their EBY tokens at a price of 5000 tokens for 1 Ethereum. Out of 100 million EBY tokens that will be produced, 80% will be available for sale to the general public.
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