The Peur ICO recently started with their website showing that they've already managed to sell over 29 million tokens.
https://www.peur.io
The rate at which e-commerce is growing has just reached insane proportions but this upsurge in popularity does come with a number of problems. There are also an ever increasing number of merchants that are perhaps not as honest as others leading to fraud and poor service that ultimately costs the consumers a huge amount of money.
Not only that, but the fees that are often associated with buying things online are high and also the length of time it can take for the transaction to take place is also often seen as being problematic. However, Peur claims that it is going to be able to counteract so many of these problems, and if they can actually achieve this, then this could be one cryptocurrency company that has some real potential to make an impact.
That all sounds pretty cool, but what is Peur? Well, their aim is to provide one single solution for all sides of the transaction as well as service providers. They state that the transaction system that they use is advanced in nature but also capable of helping businesses to grow without having as many complications placed upon them that they then have to contend with.
In other words, the new project is seeking to provide almost a one-stop solution for all of your e-commerce marketplace needs, and if they are able to do just that then why wouldn’t you then go ahead and use their solution over and above anybody else?
To get to grips with the technical aspect, we simply need to study what it is that Peur is offering. For example, they state that they are offering a decentralized system for both payments and for the payroll for companies. Also, they are seeking to offer the option for in-app payments, managing digital assets as well as purchasing those products and services.
Each aspect will then appear on the public blockchain offering complete transparency for all parties involved. From that point on, the way in which this cryptocurrency and platform operates is the exact same as a normal marketplace with the only difference being that their token is used as the currency. In other words, there is nothing difficult about the technical side of things as every ‘deal’ is secured via the use of Smart Contracts to make sure that they cannot be altered and reduce the potential instances of fraud.
The platform that they are using is Ethereum giving that familiar sense of stability and security that people seek from it, and the token is an ERC20 token allowing people with other Ethereum based wallets to take advantage of the token without downloading the Peur specific digital wallet.
As it operates as a form of payment, the technical side if quite plain and boring, but by looking at the potential advantages it does mean we can get a better idea of why people may decide to switch to this platform.
First, they have made the payment side of things work via one-click speeding up the entire transaction in the process. Also, the platform is able to handle a number of transactions at the one time, so there is no hanging around and it removes that issue surrounding the time it takes with other payment methods.
There is also the advantage of dealing directly with the other party rather than going through an intermediary. Clearly, this then cuts out some additional costs meaning reduced overheads that can also drive up the profit.
It does appear as if everything should work smoothly since there’s nothing complex about what they are doing, and clearly even that alone could be regarded as another advantage over pre-existing payment methods that fail to use cryptocurrency.
The company has announced that a total of 200 million tokens will be created and that 130 million are going to be made available for the ICO. They do accept several cryptocurrencies as payment during this time including ETH, BTC, LTC, and DASH. You should also be aware that they have set a minimum investment figure which sits at 1 ETH.
There is also both a soft and hard cap in place for the ICO. The soft cap has been set at $2,500,000 while the hard cap is at $25,000,000.
Regarding the tokens, the price during the ICO has been set at 1 PURC equating to 0.000125 ETH giving an indication as to the value that they have placed on their own token. There is a bonus available during the ICO but it does only start at 10% before reducing quite quickly.
What project is planning on doing is not new, and they are certainly not re-inventing the wheel by any means. There are other companies out there offering a very similar product but that should not then be a reason to put you off potentially investing in this ICO.
The world of e-commerce is so vast that the market can handle a number of different payment processors at the same time. As was mentioned earlier, there is nothing complex regarding this project and that can certainly work in its favor. However, the difficulty will always be in getting companies to move across to this payment method especially when dealing with the payroll aspect as it can be quite a lot to tempt them into changing something that they have used for a considerable period of time.
Overall, it does have potential but sadly the minimum investment could put some people off just dipping their toes in the water if they are torn between Peur and another project that is entering the ICO stage. However for any serious investors this obviously won't be an issue.
The team behind the platform seems to have a lot of experience with similar types of projects in the past which is always a major advantage.
Check out further details on their website.
https://www.peur.io
Bountyhive user: danbitcoin
