Blockchain eCommerce Marketplace Particl Launches First Products

Announcements, Blockchain, News | August 27, 2019 By:

Particl, a blockchain-based private decentralized marketplace, has officially launched its first products for sale.

Particl, which was officially launched earlier this month, is a decentralized ecosystem of merchants and buyers that is centered around a native privacy-focused coin, called PART, that allows people to transact in total anonymity. The marketplace enables merchants to create their own stores quickly and efficiently by generating market keys and sharing them with consumers. The user marketplaces are not governed by Particl, which means they are verifiably 100% decentralized.

Since its launch, crypto and electronic vendors have started to create their own unique user marketplaces on the Particl network. Currently, several product categories are available in the marketplace, including consumer electronics, sporting equipment (e.g., golf balls, backpacks), beauty products, among others. According to the firm, merchants have been able to slash the prices of their goods and services compared to their listings on eBay and Amazon.

“For instance, a customized set of 12 Titleist Pro V1 golf balls will only cost you 23.9 PART ($48.20), whereas for a customized set of the same spec balls will set you back $71.02 on eBay,” Particl said. “Similarly, an Original Chanel perfume is only 64 PART ($129.28), whereas on the same bottle will cost you a rather hefty $227.90. These significant savings are thanks to the ultra-low fees that are charged to merchants on the Particl marketplace. The fee structure allows merchants to offer the same products and services at a significant discount when compared to Amazon and eBay as they’re not charged up to 45% on sales.”

Particl also revealed two expert advisors – bitcoin advocate Charlie Shrem and Satoshi Citadel Industries Co-Founder Miguel Cuneta. The firm said Shrem and Cuneta have been “instrumental in guiding the Particl team, helping it evolve from a concept into the shining beacon of hope for merchants that it has become.”

“Having key advisors such as Charlie and Miguel has added real value to the Particl project, lending their vast experience and knowledge of the bitcoin startup space to understand the target audience and assess the viability of a privacy-focused cryptocurrency shopping application,” said Paul Schmitzer, Particl Project Marketing & Strategy.