It's been a while since I wrote some post related to crypto-currency projects. But today is the day and I will bring you one project that is still below a radar of a majority of investors but might be positively surprising relatively soon. That project is called Particl.

Particl history

Particl project was established in 2017 on foundation of ShadowProject (which started in 2014) that was anonymous concurrency similar to Monero. Team decided to move further to mainstream with keeping the best features from Shadows Project like strong focus oon privacy and to bring ultimate platform primarily focused on decentralized marketplace and also bringing other aspect like solid cryptocurrency platform and daps platform. Project has full-time development team and it's meant to be long-term crypto project. Let's take a look at fundamental sides of the project. Note that the features listed below are partially released, partially under development and some of them are the future plans. So far, there is is working network and node/wallet released, first marketplace version is AFAIK is expected by the end of this year.

Team

Particl project has strong team with experienced ShadowProject developers.

• strong full-time well-funded team with experienced leaders

• Particl Foundation - Swiss legal entity

• 8 developers (total 12 team members + 4 advisors)

• growing team (additional hiring ongoing)

Project funding

Project was funded and all three funding milestones were reach. Meantime BTC doubled it's price and so the team has more than enough funds until first version is released. Then there are some parts reserved for another phase.

• Project 100% funded (all three milestones funded) for 1st round

• Initial distribution: 8,634,140 PART

• 6% PARTs supply reserved

• 996,000 PART ready for 2nd round of funding

• 750,000 USD raised in BTC (current value over 2M USD)

• foundation ownership: 513,502 PART

Platform & network features

Platform is based on Bitcoin code with additional large codebase. Following the best standards and reasonable approaches.

• currency and protocol agnostic platform

• latest Bitcoin codebase

• multi-sig addresses

• block pruning

• fast syncing

• easy tor setup

• watch-only wallet support

• libsecp256k1 signing

• signature validation

• direct headers announcement

• notifications through ZMQ

• compact block support

• protocol-agnostic, DNS-agnostic (DHTs, BitTorrent, IPFS, Maid,...)

• native Segwit Implemenation (Lightning Network, transaction malleability fixes, block capacity increase)

Wallet parameters

Desktop wallets are available, mobile wallet is under development and as well as user-friendly installers.

• Windows, OSX, Linux and ARM

• mobile wallet

• wallet installer

Cryptocurrency parameters

Crypto coin parameters are set very responsibly for the coin economy and staking.

• symbol: PART

• total supply: 8,634,140 PART

• circulating supply: 7,668,085 PART

• last price: 8.81 USD (0.00218650 BTC)

• marketcap: 67,531,060 USD

• ring signature

• HD wallet implementation on BTC codebase

• blocktime 120s

• block size: 2MB

• inflation: 5%(1st year), 4(2nd year), 3% (3rd year), 2% next years

• PoS3

• Conditional staking

• dual tokens (pseudo anonymous and completely private)

• traded at bittrex and litebit.eu

Marketplace features

Marketplace is under heavy development and will offer all expected features including built-in trustees escrow , self-governance and privacy.

• decentralized anonymous marketplace

• decentralized escrow service

• OMP (Open Market Protocol)

• MAD (Mutually Assisted Destruction) escrow system

• self-governance

• private listing

• additional anti-spam features

• low premium fees

• currency agnostic, major coins will be always usable

• own decentralized and trust-less currency exchange system (planned)

• SMSG messaging system

Daps features

Daps will not be smart contracts as we can see in Ethereum but rather client application providing better experience and security. There is not much known about it yet.

• Daps using PART cryptocurrency

• Daps client-based applications

Cryptocurrency exchange

Particl team is also planning to build decentralized exchange for crypto currencies on the Particl platform. This will be probably the latest feature we will see and there is not much known about it now. Meantime it will use ShapeShift for seamless currency conversion.

Roadmap and status

Recently, nice visual public Particl roadmap was published, so I decided to update this post and provide it also here. Clean, visual and transparent, I like it.



Conclusion and investment outlook

The Particl project development looks pretty professional right now and I really look forward to use it in real life. Except that it might be really usable platform for real-world usage it might be also very lucrative business. If I should give you any investment advice related to crypto projects, which is something I don't do, I would tell you that this project looks like a great investment because PART (one coin of Particl project) is still relatively very cheap compared to the project potential and everything looks very promising even from investment point of view. Basic initial goal of the project is to become better, cheaper, anonymous and distributed eBay on blockchain.

Current PARTs evaluation is slightly above 60 million USD and one PART costs about 8 USD (200k satoshi) with less than 10 million of coins total. Considering that sites as eBay has revenue in many billions of USD and Amazon is having over one hundred billion of USD revenue per year we are talking here about huge potential. I would not be surprised to see PART being traded for 50-150 USD by the end of this year if everything is delivered as expected. Don't forget it will not be "only" decentralized eBay but also decentralized crypto exchange is planned as well. I will definitely recapitulate these expectations and the project status by the end of year 2017. I also look forward to see real usage of the platform because real-word use of crypto projects in general is something really needed for mainstream adoption.

Next to simple price increase there is also good opportunity for staking (now) and gathering trading fees (when the platform is successfully adopted). On the other hand I think it's much more difficult to create really good marketplace platform than let's say simple ICO platform and we will see soon how the Particl team will deal with all the challenges. Anyway, so far everything around Particl project looks very professional and if the team members keep working on it as they did so far, this might be one of the best crypto project for years to come. And as always, before investing don't forget to do your own research and make sure you know all the details and potential risks.

Reference

• https://particl.io/

• https://particl.news/

• https://github.com/particl/

• https://twitter.com/particlproject

• https://www.reddit.com/r/Particl/

• In-Depth Particl presentation article