Le Lézard
Classified in: Science and technology, Business
Subject: PDT

Top Online Retailer Particl Launches Unhackable Marketplace With Zero Commission Fees


NEW YORK, Aug. 15, 2019 /PRNewswire/ -- Leading online retailer Particl.io officially launched its marketplace at 8 a.m. EDT on Monday, Aug. 12, 2019Particl is an entirely decentralized ecosystem built around a native privacy coin called PART. Particl is dedicated to addressing the biggest issues still plaguing crypto: the inability to effectively spend cryptocurrencies without friction, and with the full guarantee of privacy.

Particl network enables users to buy and sell goods without submitting any personal information to the marketplace operator. This makes the system fully private because the only required data is the shipping address. Therefore Particl cannot lose or divulge any of its user's personal information. 

Because there is no central entity owning or controlling the Particl protocol, there are no commissions applied on top of sales. This is radically different from existing markets where fees for sellers can be as high as 45% of the cost of items. This allows vendors to dramatically increase their revenue, thus opening up the opportunity to reduce their listing prices to beat their competition, increasing their sales volume, while still making more profit for sale.

The absence of any third-party from the platform, combined with the various privacy protocols put in place, ensures that absolutely no data or personal information can be collected by any party. 

Some large online competitors have experienced hacks and do not yet offer the level of privacy that Particl is offering. A lack of privacy enables copycats to potentially steal the innovations and advantages of top sellers. Copycat sellers erode margins and discourage innovators.

Particl is a next-generation decentralized marketplace that goes beyond the pioneering work done by OpenBazaar. Indeed, unlike OpenBazaar, every single aspect of Particl's marketplace is built with user privacy and data protection in mind, ensuring that absolutely no data is generated when using the platform and that no personal information can be collected by third-parties.

Particl also approaches fraud protection and trade insurance differently by instead opting for a double deposit escrow system that requires no intermediary or arbitrator nor fees to be paid. As no single party owns or has any control over the Particl protocol, all of the listing fees generated by the marketplace protocol are redistributed, in full, to its global network of users. 

Paul Schmitzer, of Particl Project Marketing & Strategy, underlined how the company was able to achieve its level of security, and privacy, stating:

"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."

Because of this, no users can defraud other users on fees. No users can take others data, leaving buyers and sellers in control of their information. 

About Particl

Particl is a privacy-focused ecosystem based on P2P/blockchain technologies. It is composed of three main components. a privacy coin capable of untraceable/unlinkable transactions, a private, decentralized online marketplace where anyone can conduct private buying or selling, and a platform on which various applications can be integrated and interacted with.

Particl uses a double deposit escrow system based on the MAD game-theory. Each party adds collateral (PART coins) into a smart-contract which is released back to both users, without any fee, once they both agree the transaction is complete. This is scalable, requires no staff and ensures a mutually satisfying transaction.

Learn more about Particl on the official website ? https://particl.io
Read about the Particl platform ? https://particl.wiki/platform
Join the Patricl Telegram community ? https://t.me/particlproject
Meet the team on LinkedIn ? https://www.linkedin.com/company/particl/about
Particl GitHub ? https://github.com/particl

Media Contact details

Contact Name: Paul Schmitzer
Contact Position: Marketing & Project Strategy
Contact Email: paul@particl.io

Particl is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value or any value at all.

About Bitcoin PR Buzz 

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 7 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR Buzz

Related Images

image1.jpg

Related Links

Particl

SOURCE Particl


These press releases may also interest you

at 21:20
Qgiv, a leading provider of nonprofit fundraising technology, had a record-breaking Giving Tuesday for the sixth consecutive year. Qgiv clients raised millions on Giving Tuesday, with a 42% increase in dollars raised on the platform and a 36%...

at 21:10
Fidelity National Information Services, FIStm, , a global leader in financial services technology, announced today the early tender results of its previously announced cash tender offer (the "Maximum Tender Offer"). FIS also announced that it has...

at 21:00
Banc Intranets, a provider of secure, web-based enterprise content management solutions for financial institutions, announced that Pioneer Bank (Stanley, Va.) is implementing its BancWorks® employee intranet to create a centralized location for all...

at 20:30
Quorum Information Technologies Inc. ("Quorum" or the "Corporation") announces effective immediately, the appointments of Mr. D. Neil McDonnell and Mr. Greg Pollard to Quorum's Board of Directors, and the retirement of Board Chair, Mr. Michael...

at 20:14
Twitter, Inc. today announced the pricing of $700 million aggregate principal amount of its 3.875% senior notes due 2027 (the "Notes"). The offering of the Notes was upsized from an originally announced aggregate principal amount of $600 million....

at 20:00
Shyft Technologies, a mobile-first workforce management solution provider is increasing its investment in product design and establishing its presence in Los Angeles. Shyft announced today that former Lead Product Designer for Revenue at Tinder,...



News published on 15 august 2019 at 17:45 and distributed by: