Particl
Crypto Overview
Purpose and Utility
Particl is a privacy-focused blockchain platform designed to enable decentralized e-commerce and private transactions. The platform's main component is the Particl Marketplace, which aims to be a decentralized Amazon-like marketplace where users can buy and sell goods using PART tokens while maintaining privacy.
Business Model and Operations
The platform operates through several key components: a privacy-focused cryptocurrency (PART), a decentralized marketplace, and a governance system. The marketplace allows for peer-to-peer commerce without intermediaries, with built-in privacy features. Transaction fees are minimal and are used to maintain the network.
Real-World Adoption and Usage
The Particl marketplace is operational but has limited adoption. Current usage primarily centers around the privacy-focused cryptocurrency aspect rather than the marketplace functionality. The project maintains active development, with regular updates to both the core protocol and marketplace features.
Token Distribution and Governance
PART tokens are used for marketplace transactions, governance voting, and can be staked to secure the network. The initial distribution included a fair launch through a swap of the previous ShadowCash token, with no pre-mine or ICO. Team tokens were distributed through a transparent process with clear vesting schedules.
Development Activity
The project maintains active development on GitHub, with regular commits and updates. The team continues to improve the marketplace functionality and core protocol features, showing commitment to the project's long-term goals.
Crypto Impact
To assign a comfort level investing in Particl from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Particl.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.