PAYMON
This is an innovative block chain platform that connects every market participants through a new scalable block chain hive to simplify the interaction between crypto currency holders and block chain users
PROS:
- The platform promotes faster transaction of crypto currency enabling the users to easily pay for the goods and services obtained from different companies
- The platform has a well developed and tested mobile application which enables the user to automatically create wallet upon registration and keep crypto currencies and exchange them with their friends
- The platform is user friendly as the transactions doesn’t involve any additional fees due the elimination of intermediaries in carrying out the crypto currency exchanges
- The platform allows for faster exchanges of PMNC for any other crypto currency within the platform via atomic swap
- The use block chain technology in the ensures that all the crypto currency transparently hence the users are able drive all the benefits without incurring extra expenses
- The platform has a well connected network of experienced personnel led by the Co-founder Semyon Gleim assisted by other well experienced members enabling the project implementation
CONS:
- The crypto currency laws and regulations prevent some of the outstanding counties from implementing the project
- The project doesn’t fully implement the crypto currency security as it relies on open protocol which is susceptible to cyber attacks
- The platform is not available in all the languages limiting its use
SUGGESTIONS:
- The platform should involve internationally qualified translators to create white paper for other countries to enable the project to be used in all countries
- The platform should take into account the possible laws and regulations imposed by different states for its easy acceptance
NOTE:
The platform enables easy and direct connection of the market users of crypto currency however it has not gained acceptance in all the countries hindering me from investing in it.
