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      "title": "PAYFAIR (PFR) and Why You Need to Buy: the story of the mission to the moon",
      "body": "Okay, if you don't already know, Payfair has already started to stir thing up over on /biz/ and for good reason.\nWho 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.\nThe 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\nIt'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\nHere's some of the basics on the project:\nPayfair (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.\nBut 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.\nEveryone 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)\nAnother 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.\nWhile 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.\nAnd 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.\n\n![](https://steemitimages.com/DQmfDQ5sYapQ2VxX2UP7ubsZL7ZBiheY83XRrAVep8QZ7e3/image.png)\n\nNow 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.\n\n![](https://steemitimages.com/DQmWVndkqWjor7e9xsaoDG8A6bcSBRXxwuo6rzEVJpS5NNu/image.png)\n\nOne of the concerns I've seen come up is \"Why would I trust a random stranger (escrow) with making sure my money stays mine\".\nOkay, 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.\nNow 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.\nAnd 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.\nThis is a post from the Telegram, you should join if you pick up some tokens. Just google search \"Payfair Telegram\".\n\"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.\n1) Soon, you will be able to sell and buy PFR and ETH after testing the platform.\n2) At the moment, we are fixing bugs and evolving the functionality of the platform.\n3) We ordered a promo-video for marketing in masses. It will be complete in January.\n4) We will be listed on the WandX exchange.\n5) 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.",
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      "body": "**PayFair**\n\nPAYFAIR is a decentralized Escrow platform which ensures the paramount security of all Cryptocurrency transactions made between two parties. It's enabled with PayFair tokens (PFR), which is an ERC-20 token based on the Ethereum blockchain. We provide extremely low fees for all transactions in a safe, private and decentralized environment.\nPFR tokens are an essential part of the ecosystem. Tokens create Trust nodes to ensure a safe environment for the transaction to take place.\n\nIn the beginning of 2017, founder Denis Salangin decided to make the world of blockchain technologies safer, more convenient, transparent and independent. To achieve this, he formed a development team to make a project. Having analyzed the situation behind blockchain technologies, we gathered all the theoretical and practical knowledge, pointed out our target goals and created a process for developing payfair.io.\nOur team doesn’t include influential people or leaders of opinions. We don't think it's the most important thing. We managed to unite high-class specialists and create a friendly environment. It motivates us to make the project successful.\n\n*Payfair team:*\n* Denis Salangin — a founder of payfair.io. Our leading manager has great experience in project management (organizing work, assigning tasks) and wonderful understanding of principles of decentralized systems based on blockchain.\n* Evgeniy Pomelov — Community Manager | Managing current communities on Telegram, Facebook, Twitter, etc\n* Dmitriy Plishkin - Digital Marketing | Contextual and media promotion, online PR\n* Slava Butorin — Senior Developer | Languages: node.js / react / php\n* Aleksey Suvorov — Senior Developer | Languages: php / vue.js / python / nginx / lua / highload\n* Roman Likhachev - Junior Developer | Languages: php / angular.js\n* Aleksey Zhulikov - Junior Developer | Languages: php / python\n\n*Escrow with PayFair*\nIn our system, let's assume: we have a group chat. Person A and Person B are trading. Both ask Person C to send them an escrow identifier, Person C generates one (through his wallet) and pastes it in the chat,\nPerson C also gets a unique hash password to control the outcome of the transaction. Once both parties are happy, Person C releases the money. If either of the parties are unhappy, the transaction is held in escrow during the dispute process. It will be held there until a resolution has been determined. Person A binds the transaction (coin-cli generate payment [amount] [recipient’s address] [escrow ID]) to the escrow identifier who gives them the payment hash which can be seen at the blockchain explorer. Person B sends the item to Person A.\n\n*Trust nodes*\nYou need to have PFR tokens in order to be able to set up a Trust node. All members that enter a Trust node within our system will be rewarded for providing a safer system for everyone. The trust node becomes a useful part of the overall network and performs the important job of maintaining, updating, and securing the PayFair ecosystem.\n* 80% Taken from Non-Escrow transaction fees are distributed back to Trustnode holders monthly.\n* 40% Taken from Escrow transaction fees are distributed back to Trustnode holders monthly.\n\n*Escrow nodes*\nCommunity and Connection: Current masternode systems do not allow participants to connect in any meaningful human-to-human way, so as to build community. Payfairs “Smart Wallet” technology will allow Escrow node holders to easily connect and communicate with other Escrow node holders (unless they wish to stay anonymous.) This new type of networking gives the PFR token a clear advantage over similar coins, because Escrow node holders can more easily organize themselves because they know who each other are.\n\nDifference between trust nodes and escrow nodes\n* Trust-nodes support the price of the token, they make it stable and resistant to dramatic changes. The main peculiarity of a trust node is that they are awarded for their participation in the system. Trust nodes receive commission fees for every successful trade or deal on the platform.\n* Escrow-nodes ensure the integrity of a trade between parties (buyer and seller) Escrow (or Guarantor) nodes are secured by PFR tokens, every decision in the ecosystem is ensured by value, hence the platform gets rid of bad actors.\n\nDemo\nhttp://demo.payfair.io/#/login",
      "json_metadata": "{\"tags\":[\"payfair\",\"pfr\",\"crypto\",\"escrow\",\"fiat\"],\"links\":[\"http://demo.payfair.io/#/login\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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