Beta Marketplace

As we are building a completely trustless and decentralized marketplace, we identified the governance system as an absolute requirement for pushing the marketplace onto mainnet.

We are announcing that in the previous weeks, a governance model has been theorized and approved for implementation. Carmen, our Product Owner, is currently working on mapping the governance user interface and should be done with it this week. With the governance model theorized and the UI done with, our developers will start building this system.

The decentralized governance model will be explained by our Lead Developer, Ryno Mathee, during our next AMA/FAQ livestream on the 29th of June. It will be hosted on this link: https://www.youtube.com/Xtmc2qCWmvc

Post your questions ahead of time in our AMA/FAQ Reddit thread here: https://www.reddit.com/r/Particl/comments/8rdcnf/amafaq_a_place_for_questions_about_anything/

In the meantime, you can track the project’s development here: particl.io/status-report.

We currently set the target for the release of the Beta version of our marketplace between 4 to 12 weeks. Once again, this should not be considered as a deadline but rather an estimation.

Should the beta testnet version of the marketplace be satisfactory and secure enough, a mainnet version of the beta version could be released in the following weeks. In any other case, only the 1.0 version of the marketplace (post-beta) will be released on mainnet, we will keep you updated on that matter.

Remember, privacy and security are paramount for us and we will never release a product that we are not confident about.

The Platform

As of today, the marketplace is the only dApp deployed on the Particl platform. Nevertheless, we have a few community members working on a second one which intends to become a private and decentralized webcam streaming application named HelenaX. We wish them the best success!

We will soon be releasing a developer SDK (development kit) which will make it very easy for any developer to work on their own dApp. We do not have an estimate on that end yet, but we expect this release to be the catalyst that will draw more developers to our ecosystem.

In the coming months and following the SDK release, hosting/organizing Hack-a-tons to reward the best and most interesting initiative built on the Particl platform will be something we would like to make happen.

Examples of decentralized applications that could be built and potentially integrated directly into Particl Desktop include, but are not limited to, a decentralized exchange, a penny auction, or even a gambling dApp. Don’t forget that any of the Particl dApp can benefit from our crypto-agnostic abilities, meaning they could be powered by almost any coin.

Of course, some of these dApps would need the approval of our legal team to be integrated into Particl Desktop, but that would never stop anyone from starting their own Particl wallet based on Particl Desktop and integrate whatever Particl dApp they want in it. As such, we believe that one day there will be alternative wallets with different sets of dApps in them.

Second fundraising

During the swap from Shadow to Particl, 996,000 PART have been locked up by the Particl Foundation for a second funding round.

The second funding round will happen after the release of the beta marketplace and will not be a public offering, rather keeping it open to private investors as to not be classified as a security. The team plans to meet with the legal advisory firm we are partnered with soon to talk about this funding round and plan its parameters. Great care will be taken so that it is done following a legally sound strategy.

The price of Particl is currently around $5, but the liquidity between the current price and the target price for the second funding round are pretty low in comparison to the amount we will be aiming to raise which makes us believe it won’t be an issue.

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