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Cryptocurrency News Articles
Three Protocol: The E-Commerce Innovator Upending Online Shopping
May 14, 2024 at 10:52 pm
Three Protocol is disrupting e-commerce with its decentralized marketplaces featuring no KYC requirements due to ZKP digital IDs and AI technology. The platform empowers the unbanked to engage in e-commerce, focusing on inclusion in RWA transactions. As a result, Three Protocol has formed partnerships with SolarX, Bitgert, Cogito Finance, Uno Re DAO, and MindAI to enhance its marketplaces and offerings.
Three Protocol: The Disruptor of Online Shopping
In the realm of e-commerce, a technological revolution is underway, spearheaded by Three Protocol. This cutting-edge platform is dedicated to transforming online shopping through its innovative decentralized marketplaces.
Decentralized Marketplaces with Enhanced Privacy
Three Protocol's decentralized marketplaces eliminate the need for traditional KYC (Know Your Customer) procedures, thanks to the utilization of Zero-Knowledge Proof (ZKP) digital IDs. These advanced digital identities preserve user anonymity while facilitating secure transactions.
E-commerce for the Unbanked and Debanked
Three Protocol's mission is to promote financial inclusion by enabling the unbanked and debanked individuals to engage in online shopping. Its marketplaces provide a seamless and frictionless experience for those who lack access to traditional banking services.
Current Marketplace Offerings
Presently, Three Protocol features two active marketplaces:
- Jobs3: A platform akin to Upwork and Fiverr, connecting freelancers and full-time job seekers with employers. It empowers workers with the ability to receive payments in cryptocurrency.
- 3Bay: An online auction platform scheduled for launch in August 2024, offering a convenient and secure marketplace for buyers and sellers.
Native $THREE Token
The backbone of the Three Protocol platform is its native $THREE token. Introduced in April 2024, it serves as a utility token facilitating transactions within the ecosystem.
Tri-Signature DAOs for Enhanced Security
Three Protocol employs Tri-Signature DAOs (Decentralized Autonomous Organizations) to ensure robust governance. These DAOs act as impartial third parties, safeguarding payment funds and resolving disputes.
Strategic Partnerships for Growth
In May 2024, Three Protocol announced a series of strategic partnerships designed to expand its reach and capabilities:
- SolarX: A Dubai-based, eco-friendly cryptocurrency miner leveraging solar energy.
- Bitgert: A gas fee-free blockchain and CEX offering fast and scalable transactions.
- Cogito Finance: An AI-powered platform specializing in RWA (Real-World Asset) options.
- Uno Re DAO: A security provider for the blockchain and DeFi space.
- MindAI: An AI-driven platform providing educational resources and personalized assistance.
$THREE Token Staking
To further incentivize community involvement and platform stability, Three Protocol introduced $THREE staking in May 2024. Stakers can earn rewards by locking up their tokens for varying durations, with APYs ranging from 20% to 30%.
Deflationary Mechanism
Three Protocol is committed to the long-term value of its $THREE token by implementing a deflationary mechanism. Last week, Mano CT, a prominent crypto influencer, burned 250,000 $THREE tokens, demonstrating the community's support and reducing the token supply.
Conclusion
Three Protocol is poised to revolutionize the online shopping experience through its decentralized marketplaces, enhanced privacy, and inclusive approach. With a robust ecosystem of partners, innovative features like staking and deflation, and a dedicated community, Three Protocol is well-positioned to disrupt the e-commerce landscape and empower individuals worldwide.
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