PAYFAIR is a decentralized escrow platform for making cryptocurrency transactions between two parties. I. Payfair ICO rating – not rated.
|Visit Payfair ICO site
Ended ICO : 01/11/17 – 30/11/17
About Payfair ICO (token sale)
PAYFAIR ICO is a decentralized escrow platform for making cryptocurrency transactions between two parties. It is ensured with PAYFAIR tokens (PFR) based on Ethereum blockchain Low fees for making a transaction, its safety and privacy Saving time when making a transaction, no third parties or bureaucracy
PFR tokens are an essential part of the system. Tokens create trust nodes, ensuring the trade between counterparties
WHY WE NEED PFR TOKEN? (ETHEREUM ERC-20 STANDARD TOKENS)
Our main target is transforming pfr token into a working instrument serving the whole payfair system without speculative intentions.
Trust nodes support the price of the token, they make it stable and resistant to dramatic changes. The main pecularity of a trust node is that they are awarded for their participation in the system.
Trust nodes receive commission fees for every succesful trade or deal on the platform.
Escrow nodes ensure the integrity of a trade between parties (buyer and seller). Guarantor nodes are secured by pfr tokens, every decision in the ecosystem is ensured by value, hence the platform gets rid of bad actors.
Token has a right to vote for the platform and its internal economics improvements.
HOW IT WORKS
The self-regulating system consists of independent escrow-nodes and trust nodes (owners of PFR tokens). The heart of decentralization is our Ethereum-based token PFR, it ensures the trade between counterparties and prevents from fraud. The trades fee will be distributed among the escrow-nodes of the deal, the ecosystem, and the PFR tokens owners.
You can become an owner of these tokens by investing in our project.
Escrow service possesses all advantages of decentralization and blockchain technology and supports all major cryptocurrencies
Decentralization is ensured by blockchain technology. Trust nodes and escrow nodes are rewarded.
Each trade, which uses escrow is ensured by PFR tokens. Escrow-node is responsible for each trade, which he or she participatesipated
Counterparties make a safe trade due to independent escrow nodes. Fees are significantly lower comparing to traditional escrow services. Using cryptocurrencies makes trades safer and more anonymous.
Automatization of the system to the most possible degree and distribution of fees between the nodes. Open-source code.