It is a decentralised e-commerce with a high level of privacy where anyone can sell their products.
The launch took place on August 12th and since then an average of 500 new users per day have been registered.
Thanks to the expertise of real experts, such as Miguel Cuneta and Charlie Shrem, Particl offers the possibility to sell different types of products, from consumer electronics and sports equipment to beauty products and more.
This decentralised ecosystem brings together sellers and buyers who can trade paying with a native privacy-focused cryptocurrency so that users can make transactions in complete anonymity.
The token is called PART and uses various features to guarantee complete privacy, including RingCT and Bulletproofs. In addition, the marketplace does not collect user data, so it does not store or exploit information that can be used to trace the identities of customers and sellers.
Being a decentralised P2P platform, it allows direct person-to-person transactions, without intermediaries or central authorities.
In so doing, the platform aims to be an alternative to traditional centralised solutions, with very low costs and no geographical limits. The marketplace is not actually regulated by Particl and the sellers have to assume full legal responsibility for what they offer for sale.
Sellers can create their own online shops by generating the public and private keys of their wallets, while customers can search for the products they want to buy and purchase them by paying in PART tokens.
Furthermore, sales fees are very low, which allows sellers to significantly reduce sales prices compared to centralised marketplaces such as Amazon or eBay.
Paul Schmitzer, Project Marketing & Strategy at Particl, said:
“Having key advisors such as Charlie and Miguel has added real value to the Particl project, lending their vast experience and knowledge of the Bitcoin startup space to understand the target audience and assess the viability of a privacy-focused cryptocurrency shopping application”.
The Particl ecosystem is composed of a private cryptocurrency capable of executing untraceable transactions, a private and decentralised online marketplace where anyone can buy and sell and a platform where it is possible to integrate and interact with various applications.
In addition, the marketplace uses a double deposit system in which each party puts tokens as collateral within a smart contract that is executed without any fees when both parties agree that the transaction has been completed.