PROOF SUITE: A decentralized Certainty for Investments & Anonymous Participant Accountability.

kambaralikhan (25)in #cryptocurrency • 7 years ago

WHAT IS PROOF ?

Proof is a blockchain powered marketplace for the masses. Proof aims to ensure that all people in the world deserve the opportunity to own and trade a part of any real asset. Proof is a financial marketplace using blockchain technology to track ownership records of market participants. Blockchain is a continuously growing list of records, called "blocks" which are connected and secured using cryptography. Each block contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of data. A blockchain can serve as an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. For use as a distributed ledger, a blockchain is typically managed by P2P (peer to peer) network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which needs a collusion of the network majority. In Proof, market participants are represented with unique blockchain addresses which perform transaction directly between one another by utilizing benefits from smart contracts which act as autonomous, preconditioned and escrow accounts. Proof also produces tools for creating and deploying smart contracts producing legal documents for blockchain related activities and managing blockchain related promotions like ICO’s.

Proof introduces a simple and easy user experience for investing with simultaneous insurance protections controlled by immutable digitally computed algorithm using Assurance Market Protocol (AMP). AMP is a set of protocols and smart contracts provide for decentalized market places, including not trusting counterparties who might not know each other’s true identities. Counterparties can transfer ownership of tangible and non-tangible assets without the help of financial institutions to handle fiat currency. This all happens in the self regulating environment, built upon deterministic, automated custodianship of financial assets. The PROOF DASHBOARD is serving thousands of users with the help of many Proof Suite’s blockchain based tools, serving Proof suites token holders and investors. All assets records are store on decentralized blockchains. There are some processes which are centralized and Proof is working to convert them into decentralized processes. These processes are Curation of featured investments based on trustworthiness of the issuers. Creditworthiness and reputation scores of token issuers. Holding of fiat currency, such as Euros and U.S. Dollars. Conversion of fiat currency into cryptocurrency. For more information about Proof, Please read whitepaper available at the end of the blog.

WHY PROOF SUITE IS IMPORTANT ?

Proof Suite platform will help in eliminating risks and uncertainties associated to investments of digital world, leaving investors live without worrying of future uncertainties. We all are familiar with the uncertaininty of future. Future events always have adverse or favorable effects on the investments made by people. Some future events are in our control but most are outside the control of humans like natural events. This uncertainty of future drives the level of risk associated with the investments of investors. People use different methods to cope with these risks associated with investments like they engage with insurance services, use futures and options contracts to mitigate the risks of investments by relying on the certainty of today. Issues with these options are that these insurance services are evry much costly and are not available for everyone and future, options contracts are very complex, usually based on centralized market, where numerous regulatory and supervisory bodies exist and to much process ambiguities and most important, every system which is centralized and involves human effort can’t be expect to work in exact and predetermined environment which a system with simple digital computed algorithm can do. As the investment style of today is changing and investments are going digital and people are investing in new investment options like digital assets, cryptocurrencies etc. As the investment trends are changing, the risks associated with these new investment options are also changing and even new, unfamiliar risks are also appearing relating to these investments. To deal with all these issues and to deliver investors all profits, and benefits that this cryptoworld is bringing and to mitigate investment risk to maximum extent, we need a platform who provide all these services. For these issues, Proof is the best platform that can overcome these problems. Details of how Proof Suite is converting these processes in decentralized mode can be seen in whitepaper which is included at the end of blog.

ICO DETAILS.

Proof tokens will be issued to public for the first time on 8th October @ 8 PM. Proof will issue 2,362,062 tokens and publically offer 1,181,031 tokens at a price of .088 Ether per token. The publically offered 1,181,031 tokens will be available for purchase via the Proof Token smart contract. The other half of the tokens will be held by Proof. All token holders will collect regular automated rewards from all activities in prediction markets that make up Proof’s AMP implementation and a percentage of fees from all crypto-fiat purchases into perpetuity.

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