PIRL has potential! POW ETH with masternodes, ASIC resistant, without ICO and no premine.

lucasgabd (55)in #cryptocurrency • 6 years ago (edited)

My favorite projects are way out of the top 100 on coinmarketcap list.
As I talked here before, projects up to the 300-500 have way more room to grow, where do you think the big kings like Ethereum and NEO started?
Exactly: as low caps.

Today we'll check a project that is, by the time of this writing, on rank 412.

PIRL

Right now listed only on Stocks.exchange and Cryptopia, PIRL is a project I've been looking into for a while already and that I'm personally invested.

They had no premine and no ICO and plan to build a network of users controlled by nobody. By people, for people.
I like the community goal they're creating, and the fact that the project is completely open source.
PIRL is POW with masternodes and the blockchain will be used to run smart contracts.

PIRL was inspired by Ethereum but built in an entirely new chain, with the main goal of facilitating transactions between buyers and sellers securely using an automated process from start to end.
Since there's big community envolvment they also focus on descentralizing the roadmap decisions for the future of the project.

And besides all that there's an interesting differential as well:

Did I hear free market?

On the ideas for future developments there is a descentralized open market called Nautilus where users will be able to sell and buy goods and services in a secure and reliable environment.
Have you heard about OpenBazaar?
There's definitely room for more projects in this space!

circulating supply right now is 9 million PIRL only and the price atm is less than 2 USD (precisely: 1.63 USD)

PIRL log chart, cortesy of Coinmarketcap

Masternodes

Masternodes on PIRL have not only the role of contributing to transactions but will also be a main of the descentralized apps (dApps) the main team is working on. As usual, if you hold a masternode you'll have additional benefits receiving block rewards. A PIRL masternode right now has a collateral of 20,000 PIRL which means you'll need 20k PIRL to set up a masternode. at this moment valued at around 32,600 USD.

PIRL Masternodes also have the requeriment of static IP address. And anyone can run a masternode.
After the voting-system for the community is implemented this stats as the masternode collateral could change.
They plan to add the voting property to the blockchain, so anyone with at least 1 PIRL will be able to vote.

Roadmap

The plans for the future are also quite interesting, with windows and mac wallet fully integrated with Nautilus (descentralized marketplace) on the works, more exchange listings coming and Masternode implemention making PIRL one of the first ETH-based coin to have it!

and also a bespoke block explorer development, mobile wallets, fiat gateways to buy PIRL without using exchanges and community decisions about the future of the project. Quite awesome!

These are the technicals:

Algo: Dagger
time between blocks: 13 sec
Total block reward: 12 PIRL
Miner rewards: 10 PIRL per block
Masternodes and dev reward: 2 PIRL per block
*(Dev rewards will be used to promotion and future rewards)

More info on their ANN thread on bitcointalk

what are your thought on this project?
Would you invest in PIRL?
Do you see other differentials on this project when it comes to crypto?
Talk a bit more in the comments!

Make sure to follow them on twitter and check their mains website
And they also have a bounty campaign going on, join it!