The BlockChain is getting it's root everywhere and is ready to disrupt every business existing. This time it's the E-Commerce business. And Particl is here to do so.



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Particl (Part)

Particl is a decentralised (POS) P2P Market place. It is a privacy concerned token and uses ring signature. In the market place, the transactions are confidential (CT) and no one can view the transaction (Unless they dig into the ledger as everything is recorded into the block ledger). The Unlinkable and untraceable feature keeps the information of the buyer and seller invisible and also the amount sent is invisible. And if the transaction is not performed the buyers and seller will loose out on the transaction. Thus this makes them practice safe business.

The RingCT (Ring confidential transaction)

This feature has been added over the BTC codebase.

The first one is ease of integration into third-party services and products. The Bitcoin codebase is the one everyone knows and is used to working with. It is much easier for third-party services to integrate coins that operate on the Bitcoin codebase than any other codebase, as proven by the abandonment of the Monero integration into the multi-currency Jaxx wallet and also the recent pessimistic letter from Coinomi on the subject of Cryptonote codebase integration.

The other reason is security. Bitcoin has been running securely for several years now, making it battle-tested as it’s been a primary target for code exploiters and hackers and has stood up to these attacks as unbreakable. Building off such a secure foundation makes perfect sense and once Ring CT is in place, Particl will be the first crypto-currency to do this on the latest BTC codebase.

Supply of the Token:

The token has a total supply of (8,634,140 PART). Interestingly out of that, (996,000 PART) are locked for the second round. And (513,502 PART) are under the control of Swiss Particl Foundation. And the Current Circulating supply is (7,693,317 PART). Current price per token is: $10.07.

Buying And Selling:

Unlike any other online market, you can buy or sell anything you wish to. But the network preserves the spammers and will keep them away. As they will have to re-list their item every 48 hours and this can be automatically done. This all is done by a small amount of fees. The fees is lesser than the real markets.

So if your product does not have a demand, there's no reason for you to list it as you'll only end up paying the fees and not selling the item. This inturn is costly in the long run.

You can even buy the tokens using your credt card and thus elemaniting the fact of buy the bitcoin and then converting it into (PART)

Encripted Chat with the Parties:

You can also chat with the parties without any third party involved in it. The parties info is again kept private unless you tell them your self.

The Voting System:

Another feature in this decentralised market place is it's voting system in place. This system let's the people who hold the token vote for what is good and what is bad. Also they can decide which product should stay into the market and which product needs to be removed. This also keeps the spammers away form the market.

POS

The benefit of POS is know to everyone who are familar with the crypto token. (Proof of stake, like a share of the company. Only if you hold it, you will get the dividend). And we all know how this work..

Incase you do not know:

Holders can simply keep their wallets open and get rewarded for supporting the network. An added benefit of that mechanism is that it negates the value dillution effect of inflation by rewarding an equal or greater percentage of coins to stakers than is created on the network per year.

Interest paid is as follows:

1st Year will be @5%

2nd Year: Will be @4%

3rd Year: Will be @3%

4th Year and after: Will be @2%

Tokens are available on Bittrex.

My Views:

A concept like Decenterilised Marketplace that Particl is following is one of a kind and is unique. With a vey less supply that the token has, you can expect the prices of the token to sore up in value soon and this can be the future of the E-Commerce. We all will be into it. And buying their token while it's cheap and staking it for a long time is a sensible investment decision you will make. I will Surely pick up some of their token while they are cheap. :)

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Note: After the approval of the team of Particl, I have used some of their resources available. I have the temperory permission to use their resources freely. This is not a paid promotion, but to create an awarness of the product. Ignorance is not a bliss in the crypto market.

A temperory permission has been granted by the Particl team on Slack to use their content and post.