Tectum has incubated its first protocol, Three Protocol. It plans to offer decentralized financial access to the unbanked.
So, let’s take a closer look at the Three Protocol, incubated by Tectum.
Three Protocol wants to set up a network of autonomous marketplaces. For this, it uses Tectum’s blockchain technology for most of its architecture. It wants to give access to financial services to people who lack access to TradFi. So, their main vehicle for this is marketplaces. That’s why Three Protocol focuses on three main areas,
To get the most out of this, the protocol has three ways of making this work. This should allow the unbanked and debanked to join traditional financial services.
With Jobs3, Three Protocol has already launched its first product. Jobs3 is a decentralized job marketplace. It will compete with Web2 job boards like Upwork and Fiverr. You can expect more marketplaces by Three Protocol in the product, service, and RWA sectors. For example,
The protocol will have its own native token $THREE. This will power the Three Protocol with its various use cases. More on this later.
Three Protocol has three main pillars to onboard people to Web3. So, let’s take a closer look to find out how this makes the protocol work.
Below is a picture of the UI of Three Protocol’s first marketplace by Jobs3.
Source: Jobs3
Three Protocol uses blockchain technology. This allows for decentralized platforms and the use of crypto assets. DAOs allow for democratic government options. By using crypto, it includes the unbanked to a financial system. All listings across its marketplaces will be cheaper compared to its Web2 equivalents.
Three Protocol has a doxed team. The team has also been working on the project for the last three years.
The team can also pick the brains of some great advisors.
The native $THREE token is a utility token. Some of its use cases include,
There will be 100 million $THREE tokens. The distribution of the $THREE tokens is as follows.
All tokens launch during the TGE, except the 15% allocated to the team. During April, we should see the token launch and public sale. In June, staking should become available, and in July, Three Protocol expects the DAO to go live.
We took a closer look at Three Protocol. It aims to connect the unbanked with financial inclusion. The protocol is building decentralized marketplaces. These run on blockchain technology and offer crypto payments. Their marketplaces also offer much more competitive prices compared to their Web2 competitors. It’s also the first project incubated by Tectum.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Tectum.
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Three Protocol’s vision. 🔸 To modify current paradigms of online marketplaces through decentralisation. 🔸 Employ the unbanked. 🔸 Decentralized Autonomous Organization (DAO) ensuring fairness.
1.5 BILLION people are currently unbanked around the world. 🔸 Employing the unbanked is one of our main goals. 🔸 Get paid in crypto. Join us as we shape a Web3 marketplace.
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Exclusive sneak peek: @ThreeProtocol's user interface! 🔸 Designed for intuitive navigation. 🔸 Keep track of all your proposals in one location. You can track your application and see what stage its at. 🔸 Jobs3 will include a scheduling feature allowing employers to Show more
The heat is about to get turned up a notch 🔥 ✅ Presale launch is set Stay tuned for exciting updates as we are prepping to launch as @tectumsocial first incubated project!
