Particl is a decentralized marketplace and is in its Beta phase of development. While there are still a lot of features under development, it currently provides you with most of the basic tools you need to buy and sell online without sacrificing your personal information and without paying fees.
Table of Contents
The “wallet” section of the Particl Desktop client refers to the section where you manage your funds. It also contains a few other features not related to Particl’s marketplace.
Particl Desktop lets you safely manage an infinite number of wallets within the same environment.
Create and import an infinite number of wallets
Instantly switch between different wallets
All wallets are independently encrypted for maximum security
Particl Cryptocurrency (PART)¶
The PART coin is Particl’s native cryptocurrency. It is a modern, secure, private, and flexible cryptocurrency built on the most recent version of Bitcoin, to which many improvements and extra functionalities have been added.
Send and receive funds to anyone without any middleman.
Buy and sell goods and services on Particl Marketplace.
Near-instant settlements, transactions only take ~2 minutes to settle.
Near-zero transaction fee, usually a cent or less.
No financial borders, there are no international (fx) fees or geographical restrictions.
Adjustable level of privacy to fit your needs.
Built on the Bitcoin codebase and always maintained up to its most recent version.
Proof-of-Stake consensus protocol, earn dividend-like staking rewards.
Coins are counted as voting power in the marketplace’s moderation system.
Secure your funds with multi-signature addresses which require more than one party to authorize transactions.
Available on desktop and mobile wallets.
In-depth details can be found at Currency (PART) Explained.
Particl Proof-of-Stake (Staking)¶
Staking is the act of keeping a node online to support and secure Particl’s distributed network. When you do so, you start receiving regular staking rewards paid by the network in exchange for your contribution.
Earn dividend-like staking rewards in exchange for keeping Particl nodes online.
Staking interest on Particl varies between 2% and 5% depending on the percentage of the supply being put up for staking.
The network gets more secure and resilient as more people stake.
“Cold staking” is a hyper-secure staking option that lets you delegate your staking power to an online node that contains no coin.
- Particl provides many different cold staking variants, each one being as secure as the other ones.
Cold staking: Stake your coins stored even when stored offline, such as on cold wallets, hardware devices, or even paper wallets.
Staking pool: Combine your staking power with other stakers to earn more frequent payments.
Hardware staking: Stake your coins stored on hardware devices such as the Ledger Nano and the Trezor.
Mobile staking: Stake your coins stored on your phone without draining your battery.
Multi-signature staking: Stake your coins stored on special addresses that require multiple parties to authorize transactions.
In-depth details can be found at Staking Explained.
Address Book (Contacts)¶
Because funds need to be sent to cryptographic addresses, it can be hard to remember who owns which address. Particl Desktop’s address book page is there specifically to help you make sense of these addresses by saving them to contacts.
Save both public and private PART addresses and enter their contact information.
Display a contact’s address and all of its details in a block explorer.
Sign and verify messages using PART addresses.
When sending funds to one of your contacts, you can quickly pick their address from the address book.
Particl Marketplace is accessible right from the Particl Desktop application. It is deployed on a distributed network that lets you connect directly, without the help of any intermediary, with buyers and sellers from all around the world.
In-depth details can be found in the Particl Marketplace Explained guide.
Particl’s Open Market allows you to buy and sell products and services online without requiring any middleman to facilitate the transaction. The Open Market is the market you see when you first launch the application. It is enabled and available by default, unlike user-generated markets and storefronts.
Buy and sell anything at no cost.
No commission, sales, withdrawal, or subscription fee.
Sell products on as many Particl markets as desired.
No pre-defined bans on products and services.
Every seller has equal exposure, no pay-to-win schemes.
Accessible from anywhere in the world.
Just like the Internet, the marketplace cannot be shut down or be put offline.
Marketplace transactions do not generate any traceable data and protect your personal information.
Any listing can be saved in your favorite list.
Markets and Storefronts¶
Additionally to the Open Market, you can also create an infinite number of markets and storefronts. Each community market is hosted on the Particl network, along with the Open Market, and can easily be connected to using Particl Desktop.
Markets and storefronts offer the same functionalities as the Open Market, but with a few extras.
Markets and storefronts are two different types of markets but are both usually referred to as “community markets”.
Markets: A market type where anyone with access to it can buy and sell on.
Storefronts: A market type where anyone can buy stuff, but only its creator and the people he delegates can sell on.
Community markets can be joined by anyone that knows their Market ID or by browsing the Market Browser.
Markets do not automatically show up in the Market Browser right after being created. They have to be manually promoted to it by its creator if they wish to gain additional exposure.
The user guide can be found at Markets & Storefronts.
The Market Browser is where you can explore various different community markets and join them. It is a list of all promoted markets and storefronts.
See all the community markets that have been promoted to the Market Browser by their creators.
Flag undesirable markets and vote on markets flagged by other people.
Particl Marketplace lets you manage your inventory by creating a listing template for each item you want to sell. Additionally, you can manage your inventory’s quantity and variants (i.e., colors, sizes, etc.). Quantity and variant management is currently under development and will be added at a later update.
Listing templates are reused every time you want to republish an item on the marketplace.
When a listing expires, the listing template saves its comments, feedback, and Q&A.
When a listing expires, it keeps its moderation score.
Listing templates can push listings on multiple community markets and storefronts.
Two-Party Escrow System¶
Particl’s two-party escrow system protects users against scammers and ensures that marketplace transactions can be completed in a safe way. It requires both parties to temporarily lock a security deposit that can only be refunded, at no fee, once both parties agree that a transaction was completed satisfactorily. This forces transacting parties to remain honest with each other and collaborate in case an issue arises.
Doesn’t involve any middleman such as a third-party temporarily holding funds on behalf of transacting parties.
Free to use; no fee is charged for the service.
The escrow system is entirely autonomous and uses smart-contracts.
All transactions made with the escrow system are untraceable by default, and no personal information can leak out.
Escrow transactions are secured by blockchain technology and cannot be interfered or tampered with.
Two-party escrow contracts are mandatory for all marketplace transactions.
You can check the status and progress of any escrow transaction at any time on Particl Desktop.
In-depth details can be found at Two-Party Escrow Explained.
To moderate the content of the marketplace, Particl relies on a distributed moderation system that gives moderation powers to every user. Voting power is calculated on a one-coin-equals-one-vote basis.
No central authority or group of users with special permissions involved.
Your voting power is determined by the number of coins you own in your Public balance.
One coin equals one vote.
Both listings and community markets can be flagged and taken off Particl if deemed undesirable.
Moderation model based on the concept of direct democracy.
The system is based on blockchain technology and cannot be cheated.
In-depth details can be found at Marketplace Moderation.
Questions and Answers¶
Particl’s “Comments and Reviews” feature allows buyers and sellers to interact with each other directly and publicly from a listing’s page. Buyers can ask questions, leave feedback, and make comments on listings, while the seller can directly and publicly respond to each message.
The feature is additionally integrated into any transaction allowing two users to publicly communicate in case there’s an issue with an order.
Ask a question, leave feedback, make comments, or ask for additional details on any listing page.
Answer questions from shoppers directly inside a listing’s page.
See all the messages left by other people.
Each new message creates a thread where the seller, as well as anyone else, can participate in.
The in-app swap module of Particl Desktop is where you’ll find everything you need to swap other cryptocurrencies for PART. It is also where you’ll find other payment options such as credit card payments if any is available at the time.
Multi-Currency Support (Marketplace)¶
Pay for products and services using any of the available cryptocurrencies (i.e., BTC).
The marketplace automatically converts non-PART payments in PART before funding any two-party escrow contract.
Particl’s in-app swap engine is temporarily unavailable. We are working on getting it back up as soon as possible!
Particl developers are currently building an in-app messaging and chat system.
Other sources for useful or more in-depth information: