Okay, if you don't already know, Payfair has already started to stir thing up over on /biz/ and for good reason.
Who am I? Just a guy who went all in with 50k tokens and wants to make sure this coin gets proper exposure, so listen up.
The Market Cap is still at a low $10 million. If you don't know about market caps, you better learn real quick, because you will get rekt
It's currently selling at $.13 and if you check the charts it does not look like it plans on slowing down. With only 100 million tokens, Payfair should have no problem reaching $1+. That is a $100 million market cap, which in the crypto world is peanuts. That means an easy x10 at minimum if you get in with the early boys
Here's some of the basics on the project:
Payfair (PFR) is a decentralized escrow and P2P crypto-exchange on the ethereum blockchain. If you're too daft to understand what that is, it means you will be able to sell your crypto directly to buyers for FIAT. Yes, this could literally get rid of the cant cash out meme.
But its not just crypto, potentialy Payfair could do FIAT to any crypto, any crypto to any other crypto, crypto payment for contract work, etc. There's potential for this to become a huge market.
Everyone and their boomer parents will be using Payfair to buy crypto and to cash out when the time is right. (tip:never sell, always hold)
Another cool thing about Payfair (PFR) is the potential to make money just by holding the coins! That's right, It's like you will be getting paid to make money.
While the exact numbers will be up to a community vote, currently you need $200 worth of tokens to form a trust node, and $250 for an escrow node.
And even though you can only buy Payfair (PFR) on Etherdelta it has still managed to have a great healthy grow in its first couple of months. The developers are already working on getting it listed on other user friendly exchanges and that alone should bring us a nice bump in profits.
Now check it out, the P2P exchange will be ready by February and an IOS app in Q2 will help get Payfair to the mass adoption level that will not only take us to the Moon, but potentially Pluto.
One of the concerns I've seen come up is "Why would I trust a random stranger (escrow) with making sure my money stays mine".
Okay, I get it, it could seem like your putting to much at risk on the hands of strangers, but you don't even need to use and escrow with Payfair (PFR). Its just an option. If you want it can just be the seller and the buyer making a transaction after both parties agree that their requirements were met.
Now let's say you do want to use the escrow for extra security, From my understanding you transaction will be handled by 3 different people. They are all anonymous to each other and to the people making the transaction. The transaction will be approved after three consecutive approvals from the escrow participants.
And what keeps the escrow participants from misbehaving? Their own tokens will be at risk for bad behavior, there will also be a rating system, and people who use the service will be incentivized to rate by the giving them lower fees for participating.
This is a post from the Telegram, you should join if you pick up some tokens. Just google search "Payfair Telegram".
"Hello, dear friends! Today we want to remind you that this week our website will be updated: https://payfair.io. This week the main page will be the Payfair platform.
- Soon, you will be able to sell and buy PFR and ETH after testing the platform.
- At the moment, we are fixing bugs and evolving the functionality of the platform.
- We ordered a promo-video for marketing in masses. It will be complete in January.
- We will be listed on the WandX exchange.
- We listen to our community and we will hold a voting process and possibly we will peg the trust-node to the number of tokens and get rid of fiat peg.