Phore’s Marketplace Will Launch Soon — Here’s Why It’s About To Shake Things Up
Back in early December 2017 I wrote that a little-known crypto with a low-volume and a tiny market cap would have a fantastic 2018. Some scoffed but many saw what I saw and Phore went from $0.60 to over $8 at one point.
However, this phenomenal rise was from fellow investors speculating on Phore’s potential rather than something concrete. At the time Phore was very much just a PivX clone with big ideas, perhaps even grandiose ideas that would take a lot of coding knowledge and Herculean effort to realise. We invested knowing Phore had a good team that wouldn’t just get bored, dump their coins and disappear (as is so often the case with new cryptos) but we were still buying a promise and crossing our fingers.
Those Ideas Are Very Soon To Become Reality
A team of several, very-talented coders have been working around the clock to get OpenBazaar’s open-source code integrated into Phore. The closed-beta has been running for several weeks and is now nearing open-beta, with people on the inside telling me it’s very close to launch. At the same time, the increase in price has given the team a large budget with which to court vendors to ensure there’s plenty of physical items to spend our Phore on at launch day and even to manufacture some products of their own.
So What? Why Should I Invest In Phore At Over $4?
It would be very foolish to think Phore is even close to it’s potential. It’s not. When we look at similar low-supply privacy coins such as; Dash, Monero and Zcash we see their popularity (and price) was driven by (mostly illegal) marketplaces. This propelled them into the hundreds-of-dollars range (over one-thousand in Dash’s case). It was not so very long ago these coins were where Phore is now. These coins then grew a following outside of darknet markets to become what they are today, even without a use beyond privacy.
Phore aims to do the same, only legally, decentralised and with real usefulness. Phore users will be able to buy and sell items to others in complete privacy, on their own terms using Phore’s in-built privacy features. The only restriction being illegal items are filtered out of search results. This will solve a problem that’s as old as crypto itself, namely, having very few ways to actually spend them on real items.
But It Doesn’t Stop There
With a decentralised marketplace; Phore has the ability to allow users to buy and sell physical currency with Phore in a similar manner to LocalBitcoins.com, only much more private. Meaning if enough people did it; Phore could become a viable entry/exit point to and from fiat. This isn’t the goal of the Phore team but it serves as an example of how Phore could be used besides the private buying and selling of items. It works very well for LocalBitcoins, so it’s very probable that people will use Phore’s marketplace to do this. In any case, buying and selling just items alone would serve as a way to bypass fiat altogether and bring us closer to Satoshi Nakamoto’s original vision of a true cryptocurrency rather than just a digital store-of-value or an instrument of speculation.
Phore Is Just Getting Started
The best place to buy Phore is:
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