Particl: the new features of the decentralised marketplace
Particl: the new features of the decentralised marketplace

Particl: the new features of the decentralised marketplace

By Stefano Cavalli - 12 Sep 2019

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Particl has announced two new features that will be present within the decentralised marketplace based on blockchain technology: the ability to create real stores and the ability to offer discounted products to VIP customers only.

Particl is a project that is designed to support a real decentralised marketplace, safe and easy to use for the C2C (customer to customer) market. Transactions are carried out very quickly thanks to the use of the PART token which can be purchased on the following exchanges:

  • Bittrex;
  • Upbit;
  • ProBit;
  • Bit-Z;

The  has just announced Market Management, the function that allows suppliers to develop and create a real personalised marketplace, with the possibility of generating ad hoc stores tailored to the types of products or vendors where customers, using the Particl platform, will be able to better identify what they want.

These stores can be accessed using keys that the vendors can transfer in a public or private way. Thanks to the creation of a personalised space, suppliers will benefit from added value because they will be able to connect their ID directly to the various social networks, thus demonstrating the origin and ownership of the goods they intend to sell.

Another option involves being able to generate discounts for just a few customers, just as is the case with e-commerce websites today. Once purchased, the products will be delivered directly to the home and this process includes only the seller and the buyer, without any intermediaries.

In addition, it is already possible to do staking: by keeping the PART token inside the wallet it is possible to collect interest in a passive way. Thanks to the discounts offered by the marketplace vendors, there will be lists of VIP users within Particl who will be able to access this service.

At this time, the platform requires the deposit of 100% of the actual amount for a product to an escrow in order to protect sellers and consumers. A further update will soon be introduced which will give vendors the opportunity to customise this figure at will.

If, for example, there is already a relationship of trust between both parties, it is not necessary to deposit 100% of the equivalent value of a product, and this percentage can be reduced down to 0%.

Paul Schmitzer, Marketing Manager at Particl, said:

“By having the ability to create their own customized marketplaces, merchants can really begin using Particl as an integral tool in their business strategy to help shave tens of thousands of dollars in fees off their bottom line thanks to the myriad of customization options now available to them”.

The exchange mechanism within the platform also allows trading the PART token for other cryptocurrencies to be able to make payments in bitcoin (BTC), litecoin (LTC) and monero (XMR).

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