Particl•PART|Confidential Transactions|Atomic Swaps|Cold Staking|P2P Marketplace

[piebeyb]

does not look like a big project, my eyes just look at the teams in the current site only a photo
it has not been convincing only include emails team, I think they might have a linkedin account or other social media, yeah at least it's more convincing that this is a big project held by truly a real team

[1714761231]

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[NemJoker]

Sounds interesting but how do we know the team is who they say they are?

[TW28]

The shadowproject by no means was "finished" - it simply was abandoned to move on to another scheme to lure investor money in, this time called "donations". You can erase posts stating that as long as you wish, the fact remains.

[pumz]

@OP you hold an ICO or will do swap with Shadowcash because I have some coins spare so will do exchange with this project.

[Gillette]

Again a moderated thread and many newbie and junior accounts 

[coinling]

Is the bonus extended for one more day now?

[TW28]

Yes, the dilution period has been extended...

[Terpz]

New update !!

https://medium.com/@Schmitzer/20170322-blog-ama-update-r-d-update-mp-whitepaper-b2f523bc5ffc#.utshw9750

[Jedda]

Huh, so this was previously ShadowCash?

Yes: https://blog.shadowproject.io/2017/03/17/particl-a-new-platform/

No. The ShadowCash project is now complete. Particl is a new project. The same project team from Shadowcash is working on Particl.

But, what was the ShadowCash project?  It's described here: https://umbra.shadowproject.io  It included Umbra, chat, Tor-backed connectivity, encrypted messaging, etc., all built around ShadowCash.  Here's a sample from the project description: "UMBRA uses ShadowCash as its underlying currency. It goes beyond other digital currencies to make transactions invisible to the public eye, but still nearly seamless for users, who can conduct their business privately anywhere in the world."

Isn't this just taking the platform that was "ShadowCash/Umbra" and recycling it for Particl?

What platform will be left for ShadowCash token holders who don't want to swap?

[Terpz]

Huh, so this was previously ShadowCash?

Yes: https://blog.shadowproject.io/2017/03/17/particl-a-new-platform/

No. The ShadowCash project is now complete. Particl is a new project. The same project team from Shadowcash is working on Particl.

But, what was the ShadowCash project?  It's described here: https://umbra.shadowproject.io  It included Umbra, chat, Tor-backed connectivity, encrypted messaging, etc., all built around ShadowCash.  Here's a sample from the project description: "UMBRA uses ShadowCash as its underlying currency. It goes beyond other digital currencies to make transactions invisible to the public eye, but still nearly seamless for users, who can conduct their business privately anywhere in the world."

Isn't this just taking the platform that was "ShadowCash/Umbra" and recycling it for Particl?

What platform will be left for ShadowCash token holders who don't want to swap?

I ask why not swap? Sdc gonna keep going down no? Either lose money or swap?

[Jedda]

Huh, so this was previously ShadowCash?

Yes: https://blog.shadowproject.io/2017/03/17/particl-a-new-platform/

No. The ShadowCash project is now complete. Particl is a new project. The same project team from Shadowcash is working on Particl.

But, what was the ShadowCash project?  It's described here: https://umbra.shadowproject.io  It included Umbra, chat, Tor-backed connectivity, encrypted messaging, etc., all built around ShadowCash.  Here's a sample from the project description: "UMBRA uses ShadowCash as its underlying currency. It goes beyond other digital currencies to make transactions invisible to the public eye, but still nearly seamless for users, who can conduct their business privately anywhere in the world."

Isn't this just taking the platform that was "ShadowCash/Umbra" and recycling it for Particl?

What platform will be left for ShadowCash token holders who don't want to swap?

I ask why not swap? Sdc gonna keep going down no? Either lose money or swap?

I think there is no reason you wouldn't swap.  But, I will be curious what the Particl Dev team does with the SDC tokens they receive in the swap.

For example, the current swap appears to have allocated sufficient space for all SDC holders to swap for PART if they want to.  But, some will inevitably fail to do so.  Others just may not want to.  What happens to them when the swap is over?

Also, if the Particl Dev team sells the SDC they receive as part of the swap, there will still be 6 million+ SDC tokens out there circulating.  But, for the new owners of SDC who buy from the Particl Dev team, it would appear that there will be no Umbra, no messaging, no support, no platform, etc.  Essentially, they're left holding the bag.

The SDC Dev team apparently developed tools like Umbra, secure messaging, etc. for ShadowCash, then took those ShadowCash tools and used them to regain SDC and some additional BTC that they could sell.  This all may be perfectly legit if they just burned the SDC they receive as part of the swap rather than trying to sell it to others.  Perhaps that's their plan?

What happens in 2 years if funding runs dry for PART?  It's just unclear why a dev team is entitled to take tools explicitly advertised for one platform and use them for another.  If they can do that now, why can't they just repeat the process in 2 years?

[systh]

I think there is no reason you wouldn't swap.  But, I will be curious what the Particl Dev team does with the SDC tokens they receive in the swap.

For example, the current swap appears to have allocated sufficient space for all SDC holders to swap for PART if they want to.  But, some will inevitably fail to do so.  Others just may not want to.  What happens to them when the swap is over?

Also, if the Particl Dev team sells the SDC they receive as part of the swap, there will still be 6 million+ SDC tokens out there circulating.  But, for the new owners of SDC who buy from the Particl Dev team, it would appear that there will be no Umbra, no messaging, no support, no platform, etc.  Essentially, they're left holding the bag.

The SDC Dev team apparently developed tools like Umbra, secure messaging, etc. for ShadowCash, then took those ShadowCash tools and used them to regain SDC and some additional BTC that they could sell.  This all may be perfectly legit if they just burned the SDC they receive as part of the swap rather than trying to sell it to others.  Perhaps that's their plan?

What happens in 2 years if funding runs dry for PART?  It's just unclear why a dev team is entitled to take tools explicitly advertised for one platform and use them for another.  If they can do that now, why can't they just repeat the process in 2 years?

All of the questions you ask are answered on the official website in FAQ section: https://particl.io/#faq

In short:

• If you have SDC, swap them. After the swap, those SDC that haven't been swapped will be useless. To solve the problem with lost coins etc. on the SDC chain, those will be on the PART chain distributed like this: 80%
   to participating community members (according to how much % of the supply they swapped) and the rest 20% to dev fund. By not swapping you're essentially donating to those who did.
• Devs published the addresses (both SDC and BTC) that hold the funds during this swap, so you can see the funds aren't sold/dumped right away: here's SDC one and BTC one (again, copy-pasting everything from the website)
• Swapped SDC will be left staking to keep the network secure (not sure how long though)
• What happens when funds run dry? You can ask the same devs who worked last 2.5 years for free on Shadow Project.. also, there will be more funding rounds (again, see website)

[Terpz]

Well everything looks and sounds great im gonna be in this long term and thats my opinion... i see myself puting more funds in soon

[Jedda]

I think there is no reason you wouldn't swap.  But, I will be curious what the Particl Dev team does with the SDC tokens they receive in the swap.

For example, the current swap appears to have allocated sufficient space for all SDC holders to swap for PART if they want to.  But, some will inevitably fail to do so.  Others just may not want to.  What happens to them when the swap is over?

Also, if the Particl Dev team sells the SDC they receive as part of the swap, there will still be 6 million+ SDC tokens out there circulating.  But, for the new owners of SDC who buy from the Particl Dev team, it would appear that there will be no Umbra, no messaging, no support, no platform, etc.  Essentially, they're left holding the bag.

The SDC Dev team apparently developed tools like Umbra, secure messaging, etc. for ShadowCash, then took those ShadowCash tools and used them to regain SDC and some additional BTC that they could sell.  This all may be perfectly legit if they just burned the SDC they receive as part of the swap rather than trying to sell it to others.  Perhaps that's their plan?

What happens in 2 years if funding runs dry for PART?  It's just unclear why a dev team is entitled to take tools explicitly advertised for one platform and use them for another.  If they can do that now, why can't they just repeat the process in 2 years?

All of the questions you ask are answered on the official website in FAQ section: https://particl.io/#faq

In short:

• If you have SDC, swap them. After the swap, those SDC that haven't been swapped will be useless. To solve the problem with lost coins etc. on the SDC chain, those will be on the PART chain distributed like this: 80%
   to participating community members (according to how much % of the supply they swapped) and the rest 20% to dev fund. By not swapping you're essentially donating to those who did.
• Devs published the addresses (both SDC and BTC) that hold the funds during this swap, so you can see the funds aren't sold/dumped right away: here's SDC one and BTC one (again, copy-pasting everything from the website)
• Swapped SDC will be left staking to keep the network secure (not sure how long though)
• What happens when funds run dry? You can ask the same devs who worked last 2.5 years for free on Shadow Project.. also, there will be more funding rounds (again, see website)

I think it would be good if they staked it, better if they burned it.  But, I don't see that addressed in the FAQ.  

I did see the transparency with the SDC and BTC contribution addresses.  https://explorer.shadow.cash/address/SUaqjDUwAuVKnmWUX5tgU3fK1PkmbdfVCD  

That's a good step.  Any idea what the 14 million SDC that preceded this new project were used for?  "Sent: 14,452,857.40998045 SDC"  Possibly just reflects transitions between staking and non-staking SDC?

Regardless, they're close to their goal, so good for them.  Don't think I'll be joining you all on this one.  Best of luck!

[systh]

(..) Any idea what the 14 million SDC that preceded this new project were used for?  "Sent: 14,452,857.40998045 SDC"  Possibly just reflects transitions between staking and non-staking SDC?

They weren't sent anywhere, it's just for staking. Check the same address on Cryptoid explorer.

[cryptohunter]

particl ico site does not send emails out

no reset
no confirmation

checked several times over several days

[LiteBit]

particl ico site does not send emails out

no reset
no confirmation

checked several times over several days

Are you still having trouble? please email hello@particl.io and we'll address this specifically.

We had a timeout issue with earlier confirmation emails expiring after 5 minutes or so. All previous support emails we addressed sent back positive messages that the new ones worked.

Again if you haven't requested recently, request a confirmation email and click that to confirm your address. The timeout shouldn't be occuring but if it does, please use the email above and we'll link the account.

Thanks for letting us know issues were still out there.

[Sjacmur]

What happen when $ 3th bar will fill but SDC convertet not be finished?
As clock show everybody will have 18 days yet to swap SDC to PART ? or when USD bar will be finish its over change SDC to PART ?
I need sure that I can wait some time yet.

[LiteBit]

What happen when $ 3th bar will fill but SDC convertet not be finished?
As clock show everybody will have 18 days yet to swap SDC to PART ? or when USD bar will be finish its over change SDC to PART ?
I need sure that I can wait some time yet.

What happen when $ 3th bar will fill but SDC convertet not be finished?

Milestone 3 is independent of the SDC converted. SDC conversion can continue after Milestone 3 is hit.

As clock show everybody will have 18 days yet to swap SDC to PART ? or when USD bar will be finish its over change SDC to PART ?

The token exchange will end when the 18 days (or whatever it's at now) is complete. Everyone has until then to decide to exchange SDC for PART. Milestones are independent of the SDC converted.

[bits4books]

Huh, so this was previously ShadowCash?

Yes: https://blog.shadowproject.io/2017/03/17/particl-a-new-platform/

No. The ShadowCash project is now complete. Particl is a new project. The same project team from Shadowcash is working on Particl.

Till which date do we need to hold shadowcash ?