Today I want to briefly tell you about the platform PayFair.io .
So, PayFair.io is an escrow (Escrow) platform designed to ensure the security, decentralization and privacy of cryptocurrency trading.
Escrow. What is it?
Perhaps not everyone knows what an “escrow” is, so I will give a definition.“Escrow” means an independent trusted third party acting as the guarantor of the fulfillment of the obligations of the seller-buyer. Thus arose escrow agents, escrow technologies. In the Internet, escrow technology began to be applied in 2009. This technology is used by eBay and Aliexpress. For example, the transaction security partner for eBay and FedEx is the licensed online service escrow.com.
Aliexpress and hkin.com offer protection on their sites at the expense of their own escrow services. Inside the PayPal and Webmoney systems this service is also implemented. In Russia, there are examples of using escrow on the fl.ru freelance market, and CashPass is popular in the gaming industry.
Now escrow technologies are becoming popular for blockchain platforms. About one of which is PayFair.io .
How it works.
Let's see how this works.
You can also watch the introductory video on YouTube in English and in Russian.
A self-regulating system consists of independent escrow notes and trust nodes (that is, owners of PFR tokens). The heart of the Payfair ecosystem is the PFR token.This ensures that transactions between Payfair users are insured with their PFR tokens. The commission interest from the transaction is monthly distributed among all trust points (holders of PFR).
Token PFR
Tokens are an integral part of the blockchain ecosystem. They are necessary to create depositing nodes, which allows a decentralized system to resolve disputes, and to support trust nodes to maintain the price of the token, making it stable and resistant to abrupt changes.
You can read more information here .
At what stage is the project
According to the roadmap on the official website of the platform, the project is at the final stage. At the moment there is already a functioning platform where users can buy cryptocurrency.
Well, now all the necessary links:
- Whitepaper
- Bounty
- PayFair Team
- PFR Token in coinmarketcap.com
- telegram
- GitHub
- Bitcointalk
- Tumblr
Authors: YarisRiyadi1st
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1756824;sa=summary
My ETH: 0x8B1820FB5829696cA5b595d09dF4e0F5757a97A7
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