Syscoin launched in August 2014 and featured a decentralized market built in the blockchain, with a non-graphical user interface. The Syscoin market is the first based on a blockchain.
Retail goods, real estate and energy trade are among those that are aimed at auctioning on the platform. Like its fully decentralized market, Syscoin auctions will be characterized by the lack of fees for intermediaries. Customers will only have to pay network fees to use the service.