Proof Suit Promising Project

Proof Suit introduction and technology:

There is new project and ideas coming i think there need attentions need to good project which one is it. So i am here bring new promising project and reputed. One of these new projects is Proof. That is a project which is decentralized blochain but it is also using cash like payment gateways. They are using smart contracts in this decentralized system. There is something called Assurance Market Protocol (AMP). This is a set of protocols and smart contracts that ensures you that everything on it is being decentralized. They are working and improving that the platform is resistant to adulteration, issuing investment from crowdsourcing, prediction market for signaling risks etc. Suite. Proof Suite is decentralized certainty for investments, its will enable you to make your own tokens based on a blockchain technology. Not only that, this website also works well if you want to trade it or even buy form the other. If you want to know more about them, you can check reading below.

When you visit the home page of this website, you will see that this website give some screenshots about their proof dashboard, proof docs as well as proof API. What are they? The proof dashboard contains the marketplace that you can use as the place in buying or selling your assets. The proof docs depict the type of document used in the agreements. This website claims that all the documents are incontrovertible, safe and decentralized. The proof API gives a slight glance that it is a kind of developer tool. Consumers could use it to incorporate the blockchain with the existing applications.

To assure the consumers, Proof Suite ensures that the blockchain technology is tamper-proof. It is because the ownership transferred by using consensus as well as decentralization process. Moreover, the first time consumers upload a file to decentralized blockchain, there will no vulnerability that occur. The only one who can reconstruct the file is the one who have the authorization of uploading the file. This website also enables the users to have wide audience. Proof in its most basic explanation, is a decentralized blockchain marketplace that can tokenise and trade fractionalised physical and non-physical assets. The proofsuite.com marketplace will include assets such as; property, debt, equities, intellectual property and other cryptocurrencies just to name a few. Proof hopes to disrupt the traditional brokerage and institutional finance sectors, one token at a time. Proof's asset marketplace will utilise blockchain smart contracts to facilitate transactions between users with inbuilt escrow management. Legal document deployment can also be leveraged by the Proof smart contract system.

Proof token holder:

Proof plans to issue all token holders with regular automated rewards from all activities in the prediction markets that make up Proof’s AMP (Assurance Marketplace Protocol) implementation as well as a percentage of fees from all crypto-fiat purchases into perpetuity. Although the percentages and payout currencies are unclear at the time of writing, this looks to be one very promising feature for the investor and will be something to keep your eye on to gauge exact particulars. Whether stock or contract, Proof Dashboard is one of the first blockchain asset platforms that allows you to post proof of asset provenance to blockchains. Find out more, discover a series of examples and download the official whitepaper at https://www.proofsuite.com/media/whitepaper.pdf

How is Proof Regulated and How Does It Operate:

First of all, Proof is not a financial institution but a technology provider — meaning it does not manage assets or fund transfers, but acts as a portal onto the blockchain and a producer of industry-standard smart contracts. By their design, these smart contracts, in an independent manner, manage funds utilizing the tamper-proof advantages of the well known blockchain technology. Transactions between users are done directly between blockchain addresses (owned by users) via smart contracts. By its designed, Proof functions as a better option for making low-risk investments — it transforms these actions into ownership tokens, available for purchase. Through its process, Proof removes middlemen and facilitates pure peer-to-peer trades. The Proof token sales begins November 1st — be sure to join the sale at https://www.proofsuite.com/.

Wallet app

Proof have developed an android wallet application to assist users with the transfer of Bitcoin, Ethereum and user-generated tokens into and out-of the Proof Suite. There will also be the feature of fiat to crypto exchange in the proof dashboard, this will allow for the conversion of cyrptocurrency to fiat-pegged Crypto-USD and Crypto-Euro.

Proof Self-Regulation

Proof has developed a system of internal regulation, where users will be able to rate a token issuers track record in regards to Creditworthiness and Reputation Scores. This data is collected and stored on the Ethereum blockchain as a immutable record for future customers to assess, and determine feasibility of future offerings based on the issuers past performance history.

Token distribution: