17 March 2018: Singapore: Plaza Systems’ MerchantChain™ plans to raise up to 100,000 ETH during its token generation event to fully develop and take to market an e-commerce-specific blockchain dubbed the MerchantChain and a suite of familiar consumer touch points that interact with it, including AI-assisted mobile and desktop applications, a smart speaker, and a debit card. It’s a Total bCommerce solution. Check out the Plaza Systems video here.
At the heart of Plaza Systems’ Total bCommerce™ (blockchain commerce) solution, the MerchantChain is the fastest, most scalable and most future-proof commerce-specific blockchain on the planet. Any seller can build decentralised applications on top of the MerchantChain to leverage its speed and efficiency and to tap its loyal Freedom Lifestyle™ user base.
Merchants can even mint their own MerchantChain Transaction Coin (MTC); a coin tethered to real-world value (not market sentiment); a currency designed for spending (not holding); and a consumer-friendly crypto with only two decimal places (not 18).
The MerchantChain is based on Singapore-based SQ2 Fintech’s proprietary DLT AURA™.
SQ2 CTO and Plaza Technology Director Ronald Aai said:
“We have attempted to address fundamental problems with cryptocurrencies and blockchain and we believe we have succeeded in this mission.”
CEO & Chief Architect Kevin Johnson said:
“The MerchantChain is the Ethereum for anyone who is serious about conducting business, trade, and commerce on the blockchain.”
So How Fast is MerchantChain?
The MerchantChain can handle more than 15,000 transactions per second (tps) in parallel ALL of which take three seconds or less to resolve. The practical usefulness of the MerchantChain is retained during even the highest-volume scenarios.
The Sustainability of MerchantChain
MerchantChain’s proof-of-reputation (POR) algorithm rewards nodes using a mixture of response time, influence (number of connections), and stake (number of transactions), as well as a healthy dose of randomness. The upshot is that the MerchantChain ledger is maintained by ultra-low-powered IOT (internet of things) devices rather than energy-sucking processing rigs.
The MerchantChain Security Ethos
The ability to stamp out fraud and other illegal activities is an oft-overlooked aspect of sustainability. All buyers and sellers on the MerchantChain must possess the AURA SSL (Secure Socket Layer) Certificate, preventing fraud and instilling trust in the ecosystem
MerchantChain’s Scalability
Built into the MerchantChain model is a strong positive correlation between transaction volume, user numbers, and the deployment of nodes. Correlation corresponds to causation in this case as more volume and users lead to the purchase of more IOT devices, such as the PlazaConcierge™ smart speaker.
Future-proof
Sustainability and scalability both have massive implications for the future of the MerchantChain, but so does the emergence of technologies that could threaten its very existence, such as quantum computing. Fortunately, the MerchantChain is quantum-proof for the foreseeable future thanks to its proof-of-reputation algorithm.
For more about speed, sustainability, scalability, security, and the future, read here.
Token Sale Bonus Structure
The PLAZA presale will take place March 15–April 12.
Presale Tier 1 — Reservations Only (50% bonus) — March 15–22
Presale Tier 2 — Week 2 (30% bonus) — March 22–29
Presale Tier 3 — Week 3 (25% bonus) — March 29–April 5
Presale Tier 4 — Week 4 (20% bonus) — April 5–April 12
The PLAZA token sale will take place April 26–June 7.
TGE Tier 1 — Day 1 (15% bonus) — April 26
TGE Tier 2 — Days 2–7 (10% bonus) — April 27–May 3
TGE Tier 3 — Week 2 (5% bonus) — May 3–May 10
TGE Tier 4 — Weeks 3–6 (no bonus) — May 10–June 7
Minimum purchase throughout the TGE is 0.25 ETH.
Visit the Website: https://www.plaza.systems
Read the Whitepaper: https://plaza.systems/whitepaper
Chat on Telegram: https://t.me/plazatalk
Join on Facebook: https://www.facebook.com/plazasystems
LinkedIn: https://plaza.systems/whitepaper
Follow on Twitter: https://twitter.com/PlazaSystems
Reddit: https://www.reddit.com/r/PlazaSystems/
BitcoinTalk: https://bitcointalk.org/index.php?topic=3039594.0
YouTube: https://www.youtube.com/channel/UC5C06Ma-O6-bqgJ76GogBMw
Medium: https://medium.com/plaza-systems
GitHub: https://github.com/plaza-systems
Media Contact
Name: David Gillbanks
Location: Thailand
Email: press@plaza.systems
Plaza.systems is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
This is a paid press release. Smartereum does not endorse, nor is it responsible for or liable for any content, accuracy or other materials on this page. Smartereum urges readers to do their own due diligence before taking any actions related to the company. Smartereum is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, product or service mentioned in the press release.
