Particl is redefining blockchain marketplaces with a mutually satisfying ecosystem built to meet the needs of cryptocurrency holders who want to be in charge of their privacy during the buying and selling of products and services. The privacy-focused solution will eliminate crypto holders’ inability to seamlessly spend their holdings, with PART, Particl’s own native privacy coin, fueling the marketplace.
Unveiled at 8 am EST Monday, August 12, 2019, amidst much anticipation, the platform will come into direct competition with some of the industry’s biggest players. However, Particl already has an edge over these with its easy-to-use layout in the buying and selling of items with cryptocurrency on an entirely decentralized ecosystem. Although blockchain marketplaces are rife with competition, hacks and breaches of customers assets are prevalent. Cognizant of these risks, Particl allows buyers and sellers to be in absolute control of their data.
Without the presence of intermediaries or third-parties on the platform, and with the combination of innovative protocols, user data is never at risk thanks to Particl’s “No Data” policy which ensures users provide zero personal information when utilizing the platform.
The New York-based platform’s approach will oust fraudulent copycat sellers who compromise margins and dissuade innovators. Particl.io will offer adequate protection and trade insurance through a feeless double deposit escrow system. Furthermore, the platform will enable all its users to freely buy or sell products and services without giving out personal data while transacting in the marketplace. Thus, Particl cannot be compromised or lose its users information as the only data required in the Particl’s marketplace is just the buyer’s shipping address.
Particl.io Paul Schmitzer, of Particl Project Marketing & Strategy, speaks with excitement about the project and the many services offered. He says:
“Using a combination of P2P and blockchain technologies, Particl Open Marketplace can provide a verifiably private shopping experience that ensures no user data can be created or collected by any party other than the one you are transacting with. The Particl protocol also brings the cost of buying and selling online to the bare minimum as no central entity can charge fees.”
Particl will radically transform blockchain marketplace as it is known, opening up strategic opportunities for both traders and customers to leverage. Particl traders will enjoy reduced listing prices which will help beat competitions and increase revenues.
Particl’s decentralized marketplace layout is similar to OpenBazaar, but benefits from better features. Particl’s marketplace offers unprecedented privacy and protection for users, simply by ensuring zero data are generated by users whenever they utilize the platform. This eliminates the collection of data by malicious actors or third-parties. Particl protocol is a free for all platform with non-existent central control enabling commissionless P2P transactions. This is in stark contrast to existing markets where fees can go for 45% of the cost of items. Also, monetary values generated from listing fees on the marketplace will be fully redistributed to Particl worldwide users.
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