Particl

Particl(PART)

open-source and decentralized privacy platform built on the blockchain with its own marketplace, escrow service, anon-currency, decentralized exchange and encrypted chat. It offers ownership of the platform through self-governance. It has a new 2 party trustless escrow, low fess and dapp platform.
  • Market Cap
    $89.925.934
  • Price
    $10.0081
  • Category
    Marketplaces
  • Origin
    Switzerland
  • Team Size
    15-25
  • Initial Release
    16/03/2017
  • 10-8 High Potential
  • 8-7 Potential
  • 7-6 Considerable
  • 6-5 Risky
  • 5-0 Scam
Satoshi Rating
  • Product Ratings
    7.0
  • Team Ratings
    7.1
  • Execution Ratings
    6.7
Product
  • The need for the product ⓘ

    7
  • Total addressable market size ⓘ

    9
  • Product/market fit ⓘ

    8
  • How is the product compared to existing solutions? ⓘ

    7
  • How difficult is to make the product? ⓘ

    7
  • Could this product scale? ⓘ

    7
About Product
An alternative to traditional public marketplaces such as Amazon or eBay is healthy for the community. We can improve standards through competition. Several blockchain companies had the same idea and built a decentralized marketplace. Particl being one of them brings some new innovations. Inorder to handle disputes and trusts issues, Particl uses a mutually assured destruction (MAD) protocol. Which penalizes both buyer and seller if the transaction fails. Particle also provides self-governance to prevent the marketplace from turning into the Silk Road. In this coin, holders are able to regulate the network and restrict certain types of goods from being listed.
Team
  • Team's previous experience ⓘ

    7
  • Does the team have a clear vision? ⓘ

    8
  • Is technical team sufficient for building the product? ⓘ

    8
  • Is the team active? ⓘ

    8
  • Is the team size big enough? ⓘ

    7
  • How is the team growth? ⓘ

    7
About Team
The team is tech-heavy. Previously worked on privacy coins and pivoted to Particl. They are quick to integrate latest privacy updates on the space to the product.
Execution
  • Could this team get the product into a market? ⓘ

    8
  • Could they do it in time? ⓘ

    8
  • Did they meet previous deadlines? ⓘ

    8
  • Is the marketing strategy sufficient? ⓘ

    6
  • Team’s previous achievements ⓘ

    8
  • Strategic partnerships ⓘ

    6
  • Current market size ⓘ

    6
About Execution
Their product (wallet and market web interface) has a good UI/UX. Marketing is not enough. The role of the coin designed into the system. An interesting game theory behind MAD protocol. Which may or may not work. Dapp integration looks promising.
Editor's note

Non-profit organizations heavily depend on the community to increase its usage. While tech and team behind Partcl look good, it doesn't get its share of privacy coins pie. With launch and uses of the marketplace, this might change. There are some competitors that already have a working platform. A private marketplace may attract some unwanted attention and customers. While self-governance model seems like the way to go, low market cap and low distribution of coins might cause trouble. We may need to see them in production. The Mad protocol also assumes rational behavior, and heavily punishes the buyer.

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Initial Rating: April 22, 2018

Last modified: June 4, 2018