PAYFAIR PLATFORM: A DECENTRALIZED ESCROW PLATFORM
ABSTRACT
In recent times, due to awareness given to cryptocurrency as a whole, a considerable numbers of individuals are drawn to the cryptocurrency world and as such everyone is willing to get some of the cryptocurrency as a holding. Again, in the midst of these, people are bedeviled as to where, how and what exactly to get in their portfolio as they have gotten little or no trust with the centralized market we have around.
With the centralized market, a lot tends to loose their capital as a result of insecurity, theft, hack and the host of others. It is on this premises that Payfair platform was borne to provide a decentralized escrow platform secured, reliable and insured for both sellers and buyers.
THE PAYFAIR PLATFORM
The payfair platform is a secured escrow decentralized platform. The Payfair platform aims to serve as a third party (guarantor) in all transactions carried out (which includes the digital and physical goods, cryptocurrency, FIAT, services etc) between the buyer and seller on the platform, which will in turn guarantee maximum security and transparsency of all transactions.
To get started on the platform, one is advised to visit the website https://payfair.io/ and register as either a trust node or a guarantor node, or as a buyer or seller. On the platform, you are avail the opportunity to meet sellers and buyers from different countries.
The Payfair platform is different from all other escrow services we get around in the sense that it has got some striking features such as Guarantor notch and Trust Nodes.
BENEFITS OF USING THE PAYFAIR PLATFORM
The payfair platform removes the potential for opportunistic and orchestrated fraud.
The platform regulates trade conflicts using a decentralized, rating driven escrow service.
The payfair eliminate the lack of trust between contractors, buyers and sellers as all transactions are done in transparency.
It decrease the exorbitant fees that plaugue the escrow markets which leaves both sellers and buyers with little or no profit.
THE PAYFAIR TOKEN
The PayFair token are built on the Ethereum ERC-20 network. The PayFair tokens are to be used as means of transactions on the Payfair platform. It is also designed o fulfil the following roles on the platform:
- Enables token holders to recieve a commssion on fees.
2.Create esrow nodes that will resolve disputes. - Create nodes of trust in the platform.
All these functions put together will in turn push the Payfair token to the limelight.
TOKEN DISTRIBUTION
Total amount of tokens that are in circulation is 100,000,000 and are obviously pre-mined.
Below is the distribution pattern of the 100,000,000 tokens in circulation:
Reserved for Payfair team 11 000 000
Bounty campaign 3 000 000
Pre-ICO 30 000 000
ICO 56 000 000
ICO BONUS:
The early investors of the Payfair platform are opportuned to enjoy some level of early stage bonuses which are divided into the following segments:
6-10 days 10%
11-20 days 5%
21-30 days 0%
1 day 20%
2-5 days 15%
ROADMAP:
01st September - 30th September: pre-ICO campaign. Issuing ERC-20 tokens.ICO smart contract. PR-campaign.
01st November - 30th November: ICO. PR-campaign.
December 2017: Audit and beta-testing the platform.
Q1 2018: Releasing the first working version. First interest payments. First developments onneuronetwork. Testing and + collecting data using neural network.
Q2 2018: Releasing a mobile application, messenger bots, browser plugins and fiat support integration.
Q3 2018: Integration into different internet resources.
FOR MORE INFORMATION:
Website: https://payfair.io
Twitter: https://twitter.com/payfairio
Facebook: https://www.facebook.com/Payfairio
Telegram: https://t.me/payfair
Github: http://https//GITHUB.COM/PAYFAIRIO/SMARTCONTRACTS
Bitcoin Ann: https://bitcointalk.org/index.php?topic=2127946.0
Reviewed by:
BTT Username: Olorijayz
BTT Profile link: https://bitcointalk.org/index.php?action=profile;u=2496538