Projects We Like — The Particl Project

The Particl project is probably one of the most underrated and undervalued projects out there. Not only does it have huge potential in the growing crypto-privacy market, it also has a solid team working tirelessly behind it since mid-2014.

How is that possible, you say? Didn’t they just launch last year? When it officially launched in July 20, 2017 it debuted quietly and under the radar. What most people don’t know is that the project itself started much earlier and is one of the original privacy coins that was built on Bitcoin codebase. It was called Shadowcash, and back then there was no ICO craze to pump your coin to instant dollar values in a matter of months. The team behind Shadowcash (SDC) grinded through the “crypto winter” years of 2014–2016, building their product with laser focus, pure grit, and determination in a bear market that made many people quit in frustration. I know this because I met them here in the Philippines back then, a became good friends with some of the leaders of the team. I even managed to get my hands on some SDC at 10 cents per coin. Yes, back then, people had to truly work hard on a project before achieving any kind of success at all, unlike today where vaporware can increase 100-fold in a matter of weeks.

During the next three years, we watched this team achieve more than what most projects today could ever dream of achieving in double the timespan. Mind you, they did not have the millions of dollars raised by ICOs today to fund their development. It was all organic growth, which makes it even more impressive. Their consistent dedication and ability to execute made it an easy decision for the SCI to to fully support them by becoming part of their advisory team.

In 2017, the SDC team went through the next phase of their development and morphed into The Particl Project, a Bitcoin-based (Bitcoin 0.15.1) privacy centric and security focused project. It’s a privacy currency, building its own privacy marketplace, on its own privacy platform. Since launching in July 2017, they’ve gone through their roadmap quite fantastically. Check out what they have in store for the cyrpto-community:

Here are some of the things Particl offers right now:

Technical standpoint

Running on 0.15.1 Bitcoin codebase

Native segregated witness
Lightning network compatibility
Atomic Swaps

Confidential transaction (CT) and RingCT (testnet)
Proof-of-Stake (Earn passive income in PART by just HODLING)
Cold Staking
A Great UX/UI on their wallet
Particl Copay wallet for mobile

Quantum Resistance
High scalability
Privacy Dapps and Smart contracts

Whew. But wait, there’s more!

Market standpoint

Particl is a small cap coin, with only 7,834,564 PART currently in circulating supply. It is ranked #131 on Coinmarketcap with $268,810,163 in total, which makes it fly steadily under the radar of the new breed of bargain hunters that don’t look past the top 100 on CMC, and like massive caps and cheap coins. The total supply is only 8,830,564 PART. As of this writing, PART is valued at $34.00, up slow and steady from $6.00 after it launched in July of 2017. PART is currently listed on Bittrex.

Particl also recently got Charlie Shrem on board, which is a big vote of confidence in the team and project, no doubt about it. We are really proud to be on the same team as Charlie, a well-respected pioneer in the Bitcoin industry.

“I’m excited to be working with Particl,” says Charlie Shrem. “As I see privacy, fungibility and ease of use the main pillars for any crypto.”

And probably the most important feature that this project brings — A decentralized, p2p, anonymous marketplace (soon to be released in Alpha, Q1 2018). This is really exciting as this is what the crypto world needs right now — actual working products that will benefit the entire industry and not just line the pockets of a few founders.

But what about the other privacy-focused coins in the market?

Well, Particl holds up pretty well again them all. It uses same technology as Monero (RingCT+CT) but not on the Cryptonote protocol — it uses the more superior 0.15 Bitcoin Codebase. It does not need masternodes like DASH, but rather gives everyone the chance to stake more and earn more from staking, and it doesn’t need trusted setup like ZCASH.

The Particl project is a really impressive project from any angle. It is obviously highly undervalued compared to similar projects, but not for long. The team is finally enjoying their hard earned success with the recent rise of PART price, but they are not stopping or resting on their laurels. Their ambitious marketplace project will set them apart from the rest, and I have no doubt in my mind that they will deliver.

We at SCI Ventures are looking forward to working more closely with the Particl team in 2018, with possible integrations with our remittance and wallet platform for the Philippine market, as well as developments on the exchange side. The decentralized P2P marketplace will also be a great addition to the crypto industry here in the Philippines and we are looking forward to that going live soon.

In the crazy world of Crypto today, The Particl Project is one of the few that chooses form and substance over hype and marketing, and the main reason is that a project of this caliber does not need hype — it speaks for itself. Particl is definitely here to stay and will make waves in the industry in the years to come.

If you wish to get more in-depth information about Particl, check out their active twitter account for updates and news.