PAYFAIR is a decentralized escrow platform for making cryptocurrency exchanges between different parties. It is guaranteed with PAYFAIR tokens (PFR) built on the Ethereum blockchain. The Payfair platform charges Low expenses for making an exchange, its time saving, safe and secure to exchange and third parties are not involved. PFR Tokens are a basic piece of the framework. Tokens make trust nodes, guaranteeing the exchange between counter individuals.
Payfair Escrow platform it has been in beta for 3-5 months now and starting at 01-05-2018, it has authoritatively discharged its services. At present, you can purchase/sell crypto on the platform, however later on, you will probably trade physical products too on the PayFair platform.
No KYC is required on PayFair, this is another reason many individuals have been anticipating the platform, after Localbitcoin began to required KYC PayFair got a ton of consideration.
The truth will surface eventually if PayFair will succeed, however I trust it can do. PayFair is the next big thing in the cryptospace.
What is an escrow service?
Escrow is a financial understanding in which a third party controls every one of the procedures between two trading parties. It makes bargains more secure, in light of the fact that cash is hung on a safe record and deposit is given just when every one of the necessities are met.
Kinds of PayFair nodes
It's hard to believe, but it's true! PayFair will utilize a double node framework, they call their nodes Escrow and Trust nodes.
An Escrow node requires 250$ worth of PFR tokens to be set up. this is anything but an automated revenue node as you will be required to help PayFair settle disputes. Escrow-nodes are granted for their dynamic support in the framework. They get a commission for each effective exchange they have taken an interest in of which is paid out in the currency that the exchange was conducted in.
Then again, the Trust node is totally aloof and it doesn't expect you to have your PC turned on. You should simply set up your PayFair trust node on their site if you have 10.000 PFR tokens or more! Trust-nodes are granted for their passive support in the framework. They get a commission for each fruitful exchange on the platform of which is paid out in the currency that each exchange was done in.
Objectives of PayFair
• Creating guarantees between contractual workers in all circles
• Raising the social enthusiasm to cryptocurrencies
• Guaranteeing commonly useful relations between every one of the members on the platform
• Making an autonomous framework without developers impedance
For more information about this project, please kindly cluck on the link below
• Website: https://payfair.io/
• White paper: http://payfair.io/whitepapers/full_PF.pdf
• Telegram: https://t.me/payfair
• Twitter: https://twitter.com/payfairio
• Reddit: https://www.reddit.com/r/Payfair/
• YouTube: https://www.youtube.com/channel/UCsSvjkRNPVVO9hWustHoAbg/feed
• LinkedIn: https://www.linkedin.com/company/payfairio/
WRITERS DETAILS
Bitcointalk username: Cryptoobiobi
Butcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2199806
