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Cryptocurrency News Articles
Three Protocol: Disrupting Web3 with Decentralized Marketplaces and Financial Access
Apr 08, 2024 at 06:33 pm
Three Protocol, incubated by Tectum, is decentralizing marketplaces and real-world assets, providing access to financial services for the unbanked. It employs a no-KYC solution, a Neural Network AI model, and Tri-Signature DAOs to facilitate autonomous marketplaces. By utilizing Tectum's blockchain technology, Three Protocol enables the unbanked to join TradFi services and is poised to disrupt the online marketplace landscape with its unique approach.
Three Protocol: Revolutionizing Web3 with Decentralized Marketplaces and Financial Inclusion
Introduction
In an era of rapid Web3 expansion, Three Protocol emerges as a groundbreaking initiative bridging the gap between the unbanked and traditional financial services. Embedded within the Tectum blockchain ecosystem, Three Protocol's vision is to decentralize online marketplaces and real-world assets (RWAs), empowering the unbanked and uncensorable access to the global economy.
Three Protocol's Pillars for Unlocking Web3 Access
Three Protocol's meticulously crafted architecture revolves around three fundamental pillars:
1. No-KYC Solution:
Leveraging Zero Knowledge Proof (ZKP) Pseudo-anonymization, Three Protocol eliminates the need for Know-Your-Customer (KYC) procedures. This enables users to access Web3 marketplaces and services without sacrificing their privacy, ensuring anonymity while maintaining the integrity of transactions.
2. Neural Network AI Model:
Three Protocol's marketplaces incorporate advanced Neural Network AI models, facilitating efficient and accurate matching of users with products and services. This AI-driven approach streamlines the search process, significantly reducing research time and enhancing user satisfaction.
3. Tri-Signature DAOs:
Tri-Signature Decentralized Autonomous Organizations (DAOs) serve as impartial arbiters in marketplace disputes. Involving the buyer, seller, and DAO authority, this three-party system ensures fair and impartial resolution of any conflicts.
Product Offerings and Launch Schedule
Three Protocol's comprehensive suite of decentralized marketplaces aims to disrupt various sectors, including:
- Jobs3 (Launched): A decentralized job marketplace competing with Web2 platforms like Upwork and Fiverr.
- 3Taxi (Launch: December 2024): A decentralized ride-hailing platform providing upfront payment models and enhanced safety features akin to Uber.
- 3Bay (Launch: August 2024): A decentralized auction and sales platform focusing on transparent and expedited transactions.
- Auto3 (Launch: October 2024): A decentralized automotive marketplace offering a wide range of vehicles.
- 3Eats (Launch: February 2025): A decentralized food delivery service rivaling giants like Uber Eats and Grubhub.
$THREE Tokenomics and Utility
The native $THREE token drives the Three Protocol ecosystem and serves various utility functions:
- Fee Reduction: Users holding $THREE receive a 5% reduction in transaction fees.
- Governance: $THREE holders participate in the protocol's governance decisions, influencing the direction of all integrated marketplaces.
- Staking: Users can stake $THREE tokens to secure the network and earn rewards.
- Educational Incentives: Three Protocol encourages learning through incentivized "train-to-earn" initiatives, rewarding individuals for acquiring knowledge.
Distribution and Launch of $THREE Token
The total supply of $THREE tokens is capped at 100 million, with the following distribution:
- Team Allocation: 15% with an 18-month vesting schedule.
- Staking Incentives: 10%.
- Public Sale: 2%.
- Liquidity: 73%.
The token launch and public sale are scheduled for April 2024, followed by staking availability in June and DAO launch in July.
Team and Advisors
Three Protocol boasts a doxed and experienced team, including:
- Louie Rice (Founder/BDM)
- Grant Robertson (Founder/CTO)
- Sean Munn (CMO)
The team is supported by esteemed advisors from the Tectum ecosystem:
- Russell Sean (CEO, Tectum)
- Trevor Mccarter (COO, Tectum)
- Andrew Erikshivilli (CMO, Tectum)
- John Dajci (TMS)
- Tawqeer Gilkar (EmChain)
Partnership with Tectum
Tectum, a leading decentralized technology company, serves as the incubator for Three Protocol. This partnership provides Three Protocol with access to Tectum's advanced blockchain infrastructure, technical expertise, and marketing support.
Conclusion
Three Protocol emerges as a trailblazer in the Web3 landscape, aiming to revolutionize financial inclusion by bridging the gap between the unbanked and the global economy. Through decentralized marketplaces, crypto payments, and innovative technologies, Three Protocol empowers users with unparalleled access to financial services and opportunities, shaping the future of Web3 and unlocking its full potential.
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