Peer Mountain was developed by Jed Grant, co-founder and CEO of the fintech affiliate, KYC3, which was founded in 2013 in Luxembourg. According to the roadmap, it has collaborated with Swiss financial institutions and returned to tacit mode on the network, and after ICO, it has decided to distribute Peer Mountain services sincerely to 3 million customers at Swiss financial institutions. Meanwhile, KYC3 is a company that profits from financial information and analysis analysis of companies and competitor companies, and financial advisory solutions, and I think this company has developed Peer Mountain based on these technologies and ideas.
On the white paper, Peer Mountain is the first distributed P2P trust service that connects its (individual) sovereign identity holders with regulatory compliance service providers (enterprise)
This is a kind of evidence service that provides trust services to individuals, individuals or individuals, corporations and companies.
I have provided examples of coverage on the homepage. (http://www.peermountain.com/use-cases/)
The EU General Data Protection Requirement (GDPR) is the mandatory protection of personal information.
If any company does not follow GDPR, it will be fined 4% or 20 million euros in annual sales. Because it is a very severe punishment, companies can be very sensitive to leakage of user's personal information and can be interpreted as a huge cost to protect it.
Peer Mountain explained that it can reduce the cost of information security for companies by leveraging the reliability and trust of their own block chain.
Evidence of identity using decentralization means companies can call each other whenever they want without having to store their personal information in the database server.
Ecosystems are maintained through evidence.
Peer Mountain says businesses and individuals ask for their identity when they need it and receive compensation when confirmed.
For example, individual A and bank A will go to Bank B and ask for a loan when they need a loan. Bank B uses Peer Mountain to identify A and ask for the identity of the block A and Peer Mountain chains proving that A's credit is good (whether it's a block or an individual). .) Then bank B will approve the loan. When A has to go to C bank for further loans, bank C approves additional loans based on bank B proven to A. At this time, each bank, credit card company, and individual will pay for the proof.
Earnings from the evidence may be a form of appreciation for every PMT who has some evidence.
In addition to these examples, they explain that they can be applied to all database services where patient patient information mobility and other customer information can be stored.
I think it's quite easy, the cost of security without the risk of hacking on the block chain. I think it's tempting for the company to be able to store data safely without getting bigger.
preliminary
I want to talk about ICO.
Peer Mountain's ICO is a bit unusual. ICO2.0 using their own Smartcap algorithm is said to run with ICO. (http://www.peermountain.com/token-sale/)
Unlike other open / close caps, the next round is found for each participant and volume size, and the price is discounted.
Only one ICO round is a 25 percent discount, so it's cheaper than the finals.
The initial parity value is 1500PMT = 1ETH, but the current price is rising, so developers are trying to adjust this value.
The expected turn is 4 to 6 rounds.
Name Peer Mountain Token
Ticker PMT
Round 1 Size 2,000,000 PMT
this is basically a soft cap
30 Day Unlimited Time Limit
Round Expansion Factor
75%
Price Discovery Factor 5%
SmartcapTM Round 1 Discount 25%
Token Parity Level 1,500 PMT = 1 ETH
Cumulative Sales Round 4 Cap 223,437,500 PMT
Round 4 Cumulative ETH 124,181 ETH
Round 4 Price Discovery Point 1.728 PMT = 1 ET
As you can see, the initial volume is 2 million pieces. And since the price drops 25% at 1500PMT per eider, it is cheaper than 1728 = 1 from round 4.
However, the first round is likely to be profitable for buyers who throw in high volume.
The smart ax has the same algorithm as the auction, giving the right to buy as fast as the transaction and the higher the volume.
In other words, there are 6 people who want to buy a 10-round volume, A B C D E F.
In this 6th
A wants to buy volume 4
B wants to buy Volume 3
C is volume 2
D for volume 1
E is volume 1
When F wants to buy volume 3
A, B, and F who want to buy the highest volume in total volume allocated 10 wins.
Here, as volume 10 is exceeded, the vessel is moved to the next round, and the remaining CDE is adopted as a priority for the next round.
But if anyone wants to buy big volumes here too, he will be distracted and moved back to the next round.
Interestingly, Peer Mountain Smart Cap algorithm is cheaper when you pass ICO.
The price of Round 4 is close to a 25% discount from Round 1, so you do not have to be sad because you can not buy it in the first round because the purchase amount is low.
I think this is the Smart Cap algorithm that gives the greatest benefit to those who buy whales that are very fast and big and those who invest in small amounts.
ICO says that they must be listed on the http://www.peermountain.com/ homepage before they can be whitelisted.
There are 28 days left, and the telegram group circle already exists in mid-December.
The president seems to be showing a passionate stance at the ICO conference in Paris. (http://www.ico-paris.com/)
One of them is the secret of my brain that I plan to go to France by collaborating with http://www.chaineum.com/ Paris legal ICO & TGE corporate legal counsel
Additionally, if Chanium's corporate network is in Montreal and Singapore, it may be that the company's block company suggested to apply to countries outside of Europe. I do not want you to listen to me because I am a private person.
The developer team has left a message that ICO will list the coins in three or four exchanges in Europe and Asia. Of course I will not be able to confirm the facts, but ...
What I expect personally more than that is the Peer Mountain distribution for individual customers who use Swiss financial institutions since the ICO.
The reason for this is that it was developed like a Swiss financial institution, which is tested in stealth mode on its financial system, and v1 has been used.
On the roadmap, I promise to distribute this March, but I do not think it will be that way, because it's just a public announcement of an already running service, not just a floating cloud.
Let's think ... It's like moving mining. I may be wrong or I can not understand the white paper. However, according to my understanding, I think this is more than just mining moves. I just want to prove to others that I have a coin and ask for proof.
(If you understand the contents of the white paper correctly, please indicate if I am wrong!)
In addition, the roadmap requested that the company will work with German carmakers at the end of the 18th,
No one wants to know about the security system they use. I believe ..
What do you mean by working with a car company? I have thought about it, but I wonder if this is related to autonomous driving. (Micturition) Due to autonomous navigation information related to life, it must operate on a very secure system. If a hacker manipulates autonomous driving information, there may be terrorism, not just accidents, but hundreds of thousands of deaths.
It is also in the white paper that it will evolve over a certain level in relation to other related technologies and fundraising, but it is not considered important so neglected.
I do not know how to do it.
Anyway, I wonder how this coin will be rewarded in Korea after the release, and even if it has good business skills, I upload it like this.
For more information on this project you can visit the following link:
Website: http://www.peermountain.com
Whitepaper: https://www.peermountain.com/peermountain-whitepaper.pdf
Telegram: https://t.me/peermountain
Twitter: https://twitter.com/PeerMountain
Reddit: https://www.reddit.com/user/PeerMountain
By RyanEncek
https://bitcointalk.org/index.php?action=profile;u=1076774
ETH: 0xaE5e525E57a6117fa00Ae27b57e94b92B1Bf0c51d
