🔰Particl: Can it be the next Amazon or eBay?🔰

vj1309 (65)in #blockchain • 7 years ago (edited)

There have been a lot of either ICOs or coins getting introduced to the markets in the cryptocurrency space, so I will try to cover those ICOs which I believe to be promising and have the potential to generate profit for the investors in the long term. So that being said today I'm going to cover yet another crypto Particl which you might have noticed if you trade in cryptocurrencies.

As of today Particl has a market-cap of 65 million dollars and is ranked 72 on coinmarketcap. In this post, I will try to cover what's it about, what's its purpose and is it really worth investing. As of now, it's mainly traded on Bittrex and LiteBit.eu. Also, if we look at the circulating supply of 7,678,947 PART it is very close to its total supply of 8,674,947 PART. However, the total supply is going to increase since there is a decent amount of inflation with it but it gradually slows down over time.

What is Particl and concept behind it?

There is already a lot of work being done around decentralized private exchanges and some of the cryptocurrencies are moving towards the space of decentralized private platform for market exchanges whether it be business to business, business to consumer or peer to peer for goods and services and everything is open source which is great.

The native marketplace, currency tokens and suite of encrypted communication tools offer unfettered access between buyers and sellers worldwide or just down the street.
Our privacy tools allow two parties to interact in complete anonymity without the need for any 3rd parties.

Please see below a great video which is available on their website explaining the general nature of Particl.

Right from the get-go, they focus on high level of encryption. They promise to make sure that the only people who will see your transactions are people either who you deem should be able to see or the two parties who are transacting. So this is not something that will be put out on the public ledger. No one can track what your purchases are or who you are doing business with.

They also have an end-to-end encrypted chat feature. A lot of message apps are coming out recently that use encryption that we just really don't know about for example some apps like Telegram that do that. It's really interesting to see that Particl is coming up with encrypted message chat, the reason why that's important is when you are going out to make exchanges. I think that's an important factor to be able to have a platform that if you are really focused on privacy you can exchange privately in the form of messaging with the other party in the exchange.

Please see below some other salient features of Particl

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Particl as a Passive Income source

Here's a cool thing about Particl, it is a proof of stake coin and because of that you can not only buy and sell but as long as you hold Particl you will actually earn it over time and it's really awesome compared to traditional e-commerce where if you just go on the platform and use it for exchange you don't get any benefit of utilizing the platform.

Annual inflation of PART tokens is 5% the first year and drops 1% each year until year 4 where it levels out at 2%.

For those who are serious about investing in Particl below is the roadmap and their future plans.

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Conclusion

This whole concept of decentralized market place is honestly I waited to see in cryptocurrencies for quite some time. I think there's an absolute market for it. It's an interesting concept in the fact that they are applying this kind of sense of privacy and cryptography which is same as a safe exchange where you can make exchange anonymous.

Not only the tech and the concept behind this coin looks promising but also the core developer team looks solid. I recommend you guys check out the other projects the team members of Particl have been associated with earlier to get a better understanding of their capabilities and experience. That being said there is already a decent amount of competition in this space. It just depends as to whether or not this coin is going to be the winner in that space and whether or not they can deliver on their promises. It's too early in the process and I don't want to be negative. Particl team has done a good job so far, be it their marketing and branding is concerned as well as the user interface looks hassle free.

I hope you guys found this post worth reading and in a way helped you in understanding more about the Particl coin and its functionalities and operations. Please comment on what you guys think about the potential of Particl and is it worth investing as a long term investment strategy.

References and Further Reads: 1 & 2