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Hello everyone, this is Cryptomoonie bringing you another Community Speaks article. In the paragraphs that follow, I will discuss the Particl platform.
Peer to peer marketplaces have been on the rise since the creation of eBay. We now have several apps where one can buy and sell goods like furniture, electronics, clothing, toys, and much more. To make a fire, you have OfferUp, LetGo, and Wish. However, there isn’t a peer to peer marketplace where cryptocurrencies can be used. That’s where Particl comes in.
Particl has been in development for a while now, and their mission is to create a decentralized, safe, and private peer to peer marketplace. Their platform allows users to buy goods using cryptocurrencies the same way we would on eBay. Particl touts zero fees for every transaction, no middle man to take any arbitrary fees, and the option to use PART or you favorite cryptocurrencies like Bitcoin and Litecoin for purchases. This is exciting, and I say this because using cryptocurrencies to buy electronics or any other good for a lower cost than buying it from a retailer would be a great way to prove this is a useful and effective contribution to the crypto space.
PART is Particl’s native token. Holding these coins in your Particl wallet will allow you to earn interest as it automatically starts staking. Cold staking is one of the functionalities that’s powered by smart contracts that will enable for offline staking. Offline staking is one of the most secure ways to earn rewards with no vulnerabilities to hacks or bad actors. It has a total supply of 9,065,480 PART, which is an incredibly low amount compared to other companies that have billions of tokens. This is why PART has such a high amount of value on its coin. It’s never fallen under the dollar. It maintained a high level of value compared to other high market cap coins. PART is built off of the bitcoin codebase and is always kept up to date.
The Particl marketplace will soon be released as a Beta version. It will have a scalable e-commerce experience that will give users several options for making private transactions. The site will have encrypted data, IP address anonymity and metadata stripping. Metadata stripping is an automatic removal of any private information.
Particl is tackling the e-commerce world while incorporating cryptocurrencies and proving to the world; this is more than just a fad. To learn more visit particl.io
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