[PHR] PHORE BLOCKCHAIN - Private Decentralized Marketplace & Ecosystem. POS/MN.

[JustGaga]

New article just published by Kingsly Alo about how the Phore Synapse architecture and Phore Marketplace will aid in the adoption of cryptocurrencies in Africa.

Check it out here:

www.medium.com/@alokings2020/how-phore-synapse-architecture-market-place-could-aid-in-the-mass-adoption-of-cryptocurrencies-f6a7703b006f

In the market assessment, did you analyze only the e-commerce institution Jumia or similarly other companies for a more objective assessment?

Judging by this article, Jumia company data was taken into account. I think this is actual data, since Jumia works in many African countries

In African countries, there are not many e-commerce companies that can be easily analyzed.

In my opinion it is one of the fastest growing markets in the world.

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[sunil155]

Important Marketplace Announcement


As you know all know Phore Blockchain puts a very high priority on performance and security in all of the products we deliver. We recently uncovered a bug within the new version of the marketplace and this may have become problematic to some users. In order to protect both the Phore community and maintain our development quality standards we have made the decision to delay the release of the marketplace until the problems are resolved.

Whilst missing our deadline is regrettable, this is nothing compared to the regret we would have felt had we released a version of the marketplace which was not in line with the quality users have come to expect from the Phore Blockchain team and project.

Our developers had been working round the clock to meet the deadline and are confident in having this resolved in the next day or so, however in line with our quality standards we are intending to re-test the entire platform. The revised release date for the new version of the Phore Marketplace is Monday July 22nd.

We thank you for your continued trust and support.

I understand the new date is the estimated number that can be delayed several times?

Why promise if the platform is not yet ready and has not been tested?

Do not rush to conclusions. The code is already fixed and the marketplace is undergoing final testing before launching on July 22

[baocsu]

Do you have a private dialogue with Kucoin representatives?

Will they make a free listing of the Phore (PHR) coin?

Kucoin technical support very rarely responds even to project representatives.

The more requests to add a coin (PHR) will be submitted, the faster the listing will be

I also trade on the Kucoin exchange and sometimes it’s impossible to get a response from technical support. They can ignore your request for months.

[dennisht]

Yesterday the price of the Phore (PHR) coin dropped to $ 0.15 USD.

Is this due to delaying the announcement of the marketplace?

$ 0.161936 USD (-3.93%)
0.00001522 BTC (-7.43%)

About 95% of the coins dropped in deep red yesterday

When it's raining, we all get wet.

PHORE coin dropped in price from $ 0.34 to $ 0.15

This drop is more than 50% and the fall may continue as the launch of the marketplace has been postponed for 1 week.

At the moment, the price does not depend on the marketplace. Now the price is formed by the general state of the market and the price of Bitcoin

[byleonid]

Marketplace is an important update for your project. I think this is the right decision that you decided to postpone the launch of the new version.

This is a strong position to postpone the launch of the new version for the sake of all users.

I think developers will quickly fix the found vulnerabilities

[fpiket18]

Yesterday the daily volume of IDAX increased 5 times, while the price of a coin dropped to 15 cents.

Does someone sell a large number of coins?

I hope these coins are not from a hacked exchange?

The increase in daily volume is almost 5 times a rather negative indicator, provided that the price of the coin fell by 2 times

[bradleycc]

Daily trading volume usually does not exceed 200 thousand dollars.

Yesterday IDAX - PHR / BTC - $ 472,295

What is the reason?

At certain hours, the daily PHR / BTC volume on IDAX exceeded half a million dollars.

Who owns so many coins?

[KaiMark]

Yesterday the daily volume of IDAX increased 5 times, while the price of a coin dropped to 15 cents.

Does someone sell a large number of coins?

Many people accuse IDAX of artificially increasing trading volume, since 80% of the volume falls to 1-2 transactions.

[RussianPirate]

Important Marketplace Announcement


As you know all know Phore Blockchain puts a very high priority on performance and security in all of the products we deliver. We recently uncovered a bug within the new version of the marketplace and this may have become problematic to some users. In order to protect both the Phore community and maintain our development quality standards we have made the decision to delay the release of the marketplace until the problems are resolved.

Whilst missing our deadline is regrettable, this is nothing compared to the regret we would have felt had we released a version of the marketplace which was not in line with the quality users have come to expect from the Phore Blockchain team and project.

Our developers had been working round the clock to meet the deadline and are confident in having this resolved in the next day or so, however in line with our quality standards we are intending to re-test the entire platform. The revised release date for the new version of the Phore Marketplace is Monday July 22nd.

We thank you for your continued trust and support.

How much is this a critical error?

How long will it take you to fix all the found vulnerabilities in the new version of the marketplace?

The error found is described in the Discord channel.
It says that the error in the code has already been fixed and is being tested before the next launch.

[gumenev]

Yesterday the daily volume of IDAX increased 5 times, while the price of a coin dropped to 15 cents.

Does someone sell a large number of coins?

I hope these coins are not from a hacked exchange?

The increase in daily volume is almost 5 times a rather negative indicator, provided that the price of the coin fell by 2 times

This is a very good question. I checked if there were transactions on the cold wallet of the Cryptopia exchange.

Now all the coins are on the wallet and no one has transferred them.

[Princessccxo]

Do you have a private dialogue with Kucoin representatives?

Will they make a free listing of the Phore (PHR) coin?

Kucoin technical support very rarely responds even to project representatives.

The more requests to add a coin (PHR) will be submitted, the faster the listing will be

I also trade on the Kucoin exchange and sometimes it’s impossible to get a response from technical support. They can ignore your request for months.

The more users on the exchange, the more requests to technical support.

Technical support in Kucoin responds, but within 2 months

[quythanhd121]

Marketplace is an important update for your project. I think this is the right decision that you decided to postpone the launch of the new version.

This is a strong position to postpone the launch of the new version for the sake of all users.

I think developers will quickly fix the found vulnerabilities

Vulnerabilities have already been fixed. They did not affect all users of the PHORE platform.

Now the marketplace is undergoing the final test and soon we will be able to download it on the website.

[Doyer]

Yesterday the price of the Phore (PHR) coin dropped to $ 0.15 USD.

Is this due to delaying the announcement of the marketplace?

$ 0.161936 USD (-3.93%)
0.00001522 BTC (-7.43%)

About 95% of the coins dropped in deep red yesterday

When it's raining, we all get wet.

PHORE coin dropped in price from $ 0.34 to $ 0.15

This drop is more than 50% and the fall may continue as the launch of the marketplace has been postponed for 1 week.

At the moment, the price does not depend on the marketplace. Now the price is formed by the general state of the market and the price of Bitcoin

Judging by the orders for IDAX, the price is manipulative. In many ways, stock bots form the price of a coin, not the supply and demand of traders.

[pxoto]

Daily trading volume usually does not exceed 200 thousand dollars.

Yesterday IDAX - PHR / BTC - $ 472,295

What is the reason?

At certain hours, the daily PHR / BTC volume on IDAX exceeded half a million dollars.

Who owns so many coins?

This is an abnormal activity, because usually the daily trading volume is kept within 100,000 - 200,000 dollars.

Now there is a decline to $ 40,000 per day.

[dennisht]

Marketplace is an important update for your project. I think this is the right decision that you decided to postpone the launch of the new version.

This is a strong position to postpone the launch of the new version for the sake of all users.

I think developers will quickly fix the found vulnerabilities

Vulnerabilities have already been fixed. They did not affect all users of the PHORE platform.

Now the marketplace is undergoing the final test and soon we will be able to download it on the website.

Then on Monday we are waiting for a new version of the marketplace. I am interested to check how quickly Bitcoin exchange will take place on PHORE

[Ishiro]

If I have an old version of the marketplace installed, do I need to completely remove it and install a new one?

[byleonid]

Yesterday the price of the Phore (PHR) coin dropped to $ 0.15 USD.

Is this due to delaying the announcement of the marketplace?

$ 0.161936 USD (-3.93%)
0.00001522 BTC (-7.43%)

About 95% of the coins dropped in deep red yesterday

When it's raining, we all get wet.

PHORE coin dropped in price from $ 0.34 to $ 0.15

This drop is more than 50% and the fall may continue as the launch of the marketplace has been postponed for 1 week.

At the moment, the price does not depend on the marketplace. Now the price is formed by the general state of the market and the price of Bitcoin

Judging by the orders for IDAX, the price is manipulative. In many ways, stock bots form the price of a coin, not the supply and demand of traders.

I also noticed that large orders appear on IDAX, which are instantly closed. I think this is a technical order to support daily trading volume.

[KaiMark]

Yesterday the daily volume of IDAX increased 5 times, while the price of a coin dropped to 15 cents.

Does someone sell a large number of coins?

I hope these coins are not from a hacked exchange?

The increase in daily volume is almost 5 times a rather negative indicator, provided that the price of the coin fell by 2 times

This is a very good question. I checked if there were transactions on the cold wallet of the Cryptopia exchange.

Now all the coins are on the wallet and no one has transferred them.

I don't even know if this is good or bad. It turns out this manipulation by the exchange, because I do not think that someone has so many coins to support such huge trading volumes

[drukoz4]

New article just published by Kingsly Alo about how the Phore Synapse architecture and Phore Marketplace will aid in the adoption of cryptocurrencies in Africa.

Check it out here:

www.medium.com/@alokings2020/how-phore-synapse-architecture-market-place-could-aid-in-the-mass-adoption-of-cryptocurrencies-f6a7703b006f

In the market assessment, did you analyze only the e-commerce institution Jumia or similarly other companies for a more objective assessment?

Judging by this article, Jumia company data was taken into account. I think this is actual data, since Jumia works in many African countries

In African countries, there are not many e-commerce companies that can be easily analyzed.

In my opinion it is one of the fastest growing markets in the world.

Not so long ago there were no users with smartphones on the African market. Now the smartphone market, and therefore the e-commerce market is developing very quickly

Therefore, it is now most profitable to start a business in Africa. There are not many competitors, so you can develop very quickly.

The main task for the team now is to refine synapse and release a new version of the marketplace with over-the-counter trading function. I think it's too early to talk about the options for using PHORE BLOCKCHAIN.

[raikagetobiyah]

If I have an old version of the marketplace installed, do I need to completely remove it and install a new one?

It all depends on whether you have coins in the marketplace.

If so, send them to your personal wallet and then upgrade the marketplace.