The 3 things that will drive PMTN token transactions between usersDriving Token Demand
When evaluating a cryptocurrency purchase, there are 2 main things to consider:
The potential and current volume of transactions the token;
The token’s real-world utility
Without volume and utility, tokens have no reason to be transacted between users.
Unlike many token offerings, Peer Mountain has developed a proven, real-world solution
to a major global issue — a digital decentralized trust system.
On our Peerchain™ ecosystem, both attestation certificates and invitations to use the
ecosystem will be paid for using our native token ‘PMTN’. So it will have both volume and utility.
Here are 3 reasons why the token will be transacted amongst users:
1.Institutional use of the PMTN token (large banks, insurers, service providers and
government entities). All of them will need to hold reserves of the PMNT token to transact
attestations and invitations on the Peerchain™ platform.
2.Alternative digital identity platforms – Peer Mountain’s all-inclusive platform brings
not just a blockchain secured personal ID, but a complete trust ecosystem for entities the
world over to perform ID attestations on. Which also includes competing ID platforms
(as Peer Mountain is blockchain agnostic), increasing demand even further.
3.Personal buyers – as a utility token built on proven Ethereum (ERC-20) technology,
it’s likely that personal buyers will look at PMTN to hold onto as transactions and use grows.
Most importantly, for a token to circulate, it needs to tie into real-world use (so it's not just crypto enthusiast hype).
There are plenty of tokens out there, but very few have the real-world business case – and working
ecosystem – that Peer Mountain has.
If you wish to get into detail on how it works (and how it’s been made possible with Blockchain), then you
should read the interview we had with The Paypers: Self-sovereign identities made possible with blockchain:
https://www.thepaypers.com/interviews/self-sovereign-identities-made-possible-with-blockchain/772096-38Best regards,
The team at Peer Mountain