PAYFAIR: AN INNOVATIVE PLATFORM ENTRENCHING TRANSPARENCY, SECURITY, TRUST AND WIDER CRYPTO ADOPTION

jannyh (0)(1)in #blockchain • 6 years ago

INTRO"

Today I am absolutely elated to write about the entrance of an innovative and revolutionary infrastructure called PAYFAIR - a decentralized escrow platform for performing cryptocurrency business dealings between multiple parties. The platform accomplishes this rare functionality using PAYFAIR (PFR) tokens on the Ethereum - oriented flowchart. Low transaction fees, top-notch security and confidentiality. Saving time in the transaction, the absence of third parties or bureaucracy. Note also that the PFR tokens will be issued automatically via Ethereum smart contract.
On the off chance that you're keen on a salary creating resource, you'll be intrigued to discover that speculators can run either a trust or an escrow node. Both of these will empower clients to acquire salary by adding to the system. A trust node works also to a masternode on different systems. Clients bolt up a specific quantity of coins to process exchanges among gatherings and are then paid for them. An escrow node requires somewhat more work in that holders will turn into the delegate party in charge of analyzing proof if there should be an occurrence of an exchange debate. These donors are then paid for their work. Noteworthy also that the PFR structures are critical aspects of the system as tokens create trust nodes, providing trade between counterparties

THE PAYFAIR PROJECT OBJECTIVE
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Payfair is coming to entrench series of value propositions that will bring about efficiency, security and transparency and trust to bolster confidence and facilitate wider adoption of the cryptocurrency. Some of the fundamental objective of the platform includes:
*Its ability to ensure mutually beneficial relationships for participants of all infrastructure
*Creating a guarantee between counterparties in all areas of action
*Generate an independent community or ecosystem, without interfering further with developers
*Increase public interest in cryptocurrencies via more input for wider adoption of the cryptographic form of money globally.

INSIGHT ABOUT ESCROW BENEFIT
To further understand the value proposition of this platform, let me take you on a brief journey about the escrow benefit. Escrow is a budgetary mutual understanding in which an outsider directs every one of the procedures between two trading parties. It makes bargains more secure, in the light of the fact that cash is hung on a safe record and store is given just when every one of the necessities is judiciously met.

INSIGHT ON GUARANTOR SERVICE
The guarantor service of the platform is a financial agreement in which a third party owns and regulates the payment of funds necessary for the two parties involved in this transaction. This helps make transactions more secure by holding the payment on a secure escrow account, which is issued only when all the conditions of the agreement controlled by the escrow company are met

THE PAYFAIR PLATFORM FUNDAMENTALS:
Let me take you through into some of the fundamental basics of the Payfair platform:
*Ecosystem or Community – This is basically the transaction infrastructure.
*Commission - transaction fee by counterparties
*Seller - Invited by Buyer
*Buyer - interested party in a security transaction
*Trust node - provides value to the guarantee nodes using PFR tokens
*The guarantor is an independent and anonymous chain of guarantor nodes. Decides in case of a dispute between counterparties
*Guarantor-node is a node of trust, a node guarantor in the status with the right to decide

RATING SYSTEM
Interestingly, rating of the guarantor-participants is obviously going to:
*Create a self-regulating system with reliable guarantor chain participants.
*Increases competence and impartiality of the transaction.
*Equitable distribution of the commission among participants.

COUNTERPARTY RATING:
*With repeated use of the platform as a guarantor, the rating will reduce the number of fees for the operation, thereby increasing interest in the continued use of the platform
*In the side of the transaction, it will Increase confidence even without the participation of the guarantor
*Similarly, it will increase confidence in the Internet environment guarantor party

CROWDSALE
The total number of tokens 100 million
Will be sold at PRE-ICO 30 000 000
For sale during ICO 56,000,000
Reserved for the PAYFAIR team 11,000,000 (frozen for 1 year under a smart contract
Bounty Campaign 3,000,000

ICO DETAILS
Token: PFR.
Total number of PFR tokens: 100,000,000.
ICO: 56,000,000 PFR.
Reserve for the PAYFAIR team: 11,000,000 PFR.
Bounty: 3,000,000 PF
Pre-ICO: 30,000,000 PFR.

CONCLUSION:
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The Payfair platform is the future of the Blockchain and cryptocurrency ecosystem especially as it concerns efficiency in business transaction dealings, as it is poised to entrenching another dynamism to the way we transact. The infrastructure is unique and invaluable for participants and users, providing a reward system for hunters to benefit.