Review on PeerEx by Pedro O. Alvino M.
P2P market and ERC-20 token loan service.
An open source project designed to offer users a P2P market of ERC-20 token markets, in addition to a loan system in which the interest rates and loan payment date can be customized, all this automated through of smart contracts.
There are very few platforms that have a P2P market only for the ERC-20 token of the Ethereum network, in which the project offers initiatives in its PERX token, allowing users to get PERX for each transaction carried out, in addition to using this same one. active to return to users the transaction costs made through PERX.
The mechanisms and strategies they have on their PERX token are great, since they have a token burning system for each withdrawal made on the platform, in addition to being able to start the project there is no need to register or pass a KYC verification.
Being a decentralized project, the transactions are verifiable in the blockchain, in addition the rate strategies implemented within the PeerEX ecosystem are excellent, however there are certain deficits such as the high costs of rates in ERC-20 token in the network of Ethereum, something the project should work on.
Pros
- Offers a collateral-based loan service.
- It is designed as an automated decentralized P2P market with smart contracts.
- No need for a KYC registration or verification.
- Allows users to earn PERX, the project token, for each successful transaction on the platform.
- Establishes excellent utility strategies on your PERX token.
Cons
- ERC-20 token fees on the Ethereum network are very high, which can harm the economic system of the project.
- The project is still under development.
