

Hello everyone, friends! Today we will talk with you about an interesting PayFair project.

Imagine the situation that you, having a certain capital, wanted to invest some of your money in cryptocurrency, so to speak, to buy some coins in your investment portfolio. First of all, you have a question, what coins to buy and, most importantly, what is the right and safest way to do this? Of course, there are various ways to buy cryptocurrencies, but basically all these methods and platforms for buying are centralized.

Sellers and buyers are wary and distrustful of each other, thus creating a problematic situation in which there is no opportunity to find a compromise. At the same time, various types of platforms overstate the commission for the transaction between the seller and the buyer. This is a serious barrier to attracting new potential customers and negatively affects the entire cryptocurrency sphere as a whole. It also often happens when controversial moments come that require immediate resolution, but due to unfair technical support, disputes are resolved after a rather long period of time. It also negatively affects the reputation of the exchange platform.

As a result of in-depth analysis of existing problems in this area, a team of highly qualified specialists has developed a reliable and secure service PayFair



This service is a decentralized platform, serving as a third party (guarantor) in the transaction between the buyer and seller. The platform will guarantee maximum security and transparency of all ongoing transactions.

Due to the existence of this service, people who have so far avoided investing in cryptocurrency will finally be able, without fear that they will be deceived, to buy tokens for their purposes. This will have a positive effect on the entire industry, because the easier and easier to interact, the more people will be in this market.

It is important to note the fact that the service not only provides its customers with trading cryptocurrency, but also buy and sell various services, goods and other tangible goods.

Ecosystem

The system of the service includes a buyer and a seller, a trust node, a commission, a guarantor in the person of the service itself and a guarantor node. Each member of the ecosystem has its own functions, for example:

Trust node

The trust node receives passive income for a successfully completed transaction in the system. It is worth noting that the node receives a reward in the currency in which the transaction was made. This node is also responsible for the security of the entire PayFair service and is a deterrent against sharp fluctuations in the rate of the token of the PFR platform. In order to become a trust node, you must have at least 10,000 PFR tokens on your balance. If the number of tokens exceeds this figure, then the node is guaranteed additional income in the following order - if there are 25,000 PFRs on the balance sheet, therefore 2.5 x payout. A distinctive feature of the trust node from other masternodes is that there is no obligation to be online 24 hours a day and have powerful hardware. The principle is to use the signature in MEW to bind the PFR wallet to the PayFair platform. It is also worth noting that 80% of the commission received as a result of a successful transaction of 1% goes back to the trust node, and the remaining 20% ​​goes to marketing needs and platform support.

It looks very tempting.



Guarantor knot

Unlike the trust node, which is a passive participant in the work of the entire ecosystem, the guarantee node is active and receives a reward for it. Its activity is in the organization of the transaction between the seller and the buyer, for which he takes a commission. The more successful the platform’s guarantor has, the faster its reputation among competitors increases. Such a reputation system will guarantee the clients of the service maximum security, thereby encouraging the guarantee sites to efficiently and reliably carry out their services. To become a guarantor - node, you need to have a minimum PFR balance of 3000 tokens, and of course, to actively participate in the development of the platform.

It is important to note that the amount of the commission depends on the rating of the guarantor node.

If the site does not yet have a rating, the commission will be 1.5%, i.e. the more authoritative the node on the platform, the higher the users' trust in it and, accordingly, its services are valued higher.

The PFR tokens themselves are an essential component of the ecosystem of the entire platform. They form trust nodes, ensure the reliability and integrity of the transaction.

Transaction process

First you need to go to the PayFair platform - https://payfair.io/ and register as either a trust node or a guarantee node, or as a buyer or seller. Then you will have a complete list of sellers and buyers from different countries who are ready to make a deal.



Then you choose the buyer / seller you like, taking into account the criteria of the transaction that suit you, and begin to contact him. If everything suits you, click on the appropriate button to start trading.

Important! Never transfer funds to anyone, until both parties confirm the conditions of the future transaction!



After one of the parties has transferred its funds to the guarantor-node, another participant of the transaction receives an alert about this, then he will be able to transfer his money to the guarantor without any risk. In this case, the transaction already has non-refundable status.

After that, the transaction itself takes place, as a result of which the commission indicated by the guarantor-node is written off.

Team

The team consists of young ambitious guys with extensive experience in project management, web design, marketing services and, of course, programming in various languages. The idea of ​​creating the PayFair platform was born as a result of many years of interaction with various forums and websites, on which a clear picture of the lack of trust between buyers and sellers clearly emerged.

More information about the team can be found on the website.





Conclusion: Today there is a high probability to stumble on unscrupulous services that supposedly guarantee the security of buying / selling cryptocurrency. As a result, many users lose their money. In consequence of which there is a leakage of potential investors from the cryptocurrency industry. To solve these problems, a reliable and highly secure service for the services of the guarantor in the transaction was developed - PayFair, which has many advantages over its competitors. It is surprising that any user with a good reputation in the system can be a guarantor. The higher it is, the more you will earn for the provision of their services!

Main project links

Official website: https://payfair.io/

Telegram channel: https://t.me/payfair

Twitter: https://twitter.com/payfairio

GitHub: https://github.com/payfairio/pf_demo

LinkedIn: https://www.linkedin.com/company/payfairio/

Facebook: https://www.facebook.com/Payfairio/

Whitepaper: https://payfair.io/whitepapers/full_PF.pdf

Reddit: https://www.reddit.com/r/Payfair/

Medium: https://medium.com/@PayFair/

Author: standout321

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1756728

My Ethereum wallet address: 0x495A548499e336311Dec1219b9Fa34df00769c13