FAQ

Gain a better understanding of Peer Mountain’s ecosystem of trust and the Peer Mountain Token (PMTN).

  • View All Categories
  • This is Peer Mountain
  • Token Sale
  • Peer Mountain Token (PMTN)
  • Mobile App

We have recently partnered with award winning ICO advisory TokenMarket, and together we have come to the conclusion that we would like to make some adjustments to our Token event. This will focus on better rewarding the community and contributors which will in turn improve the project. We are thus making these amendments and will update all very shortly via our channels.

Investment to date is from KYC3 and some of the advisors. All stakeholders are represented in the team/advisor pages on the site.

The mobile SDK and the Attestation Engine SDK will both be open sourced.

The whole system (code, crypto and deployment architecture) will be reviewed before putting the first production pliot in place with our Swiss partner.

Core team is complete. We’re always welcoming new community supporters on all our social channels!

The Peer Mountain website and mobile app will handle and protect ID data in accordance with data protection laws in effect.

Peer Mountain is using KYC3 for KYC verification.

We are in talks with exchanges. The Peer Mountain ecosystem requires a fiat/PMTN exchange in order for service providers and attestation providers to trade PMTN.

There is a six-month post-listing minimum for the Peer Mountain team and advisors. The only exception will be for team members who go “all-in” on PMTN and are allowed to move a normal wage amount without vesting.

There is a fixed supply of PMTN, 40% of which we will sell now. As we will not issue new tokens in the future, we won’t be able to do more than one token sale.

We will use funding to develop Peer Mountain’s technology and ecosystem, establish regulatory frameworks, and conduct R&D on cryptonomics designed to further improve Peer Mountain and benefit other crypto ecosystems.

Pre-sale ended on March 15th, 2018. The crowdsale will be during the second quarter of 2018.

Round 0 buyers will get a discount (currently estimated at 30%). Minimum investment will be 1 PMTN. Buyers over 250 EUR in value will have to provide basic KYC information (name, nationality), and buyers over 10,000 EUR may have to provide more details.

The softcap is 2,333 ETH. Our SmartcapTM algorithm will determine the final cap, currently estimated at $30mm-$40mm – depending on ETH price. Learn about SmartcapTM and how it ensures a fair and transparent ICO.

The SmartcapTM will determine the total amount of PMTN. Of that amount, the sale represents 40% and the remaining 60% will be issued at distribution. Learn about SmartcapTM and how it ensures a fair and transparent ICO.

Multi-sig wallet based on Nano-S cold wallets.

We accept payment in ETH.

No, PMTN cannot be mined.

The supply will be determined by the SmartcapTM and will be capped at the end of the ICO. We estimate this to be between 200 million and 500 million tokens. Learn about SmartcapTM and how it ensures a fair and transparent ICO.

PMTN are used to pay for invitations to the Peer Mountain ecosystem and for establishing trust in commercial transactions. Service providers make micropayments in PMTN every time they use Peer Mountain for identity verification. Peer Mountain attestation engines (i.e. entities that confirm the authenticity of identity documents) receive PMTN for the use of their attestations.

Yes, if you are trustworthy and your certificates about other users are valued, you will earn PMTN every time those certificates are used by others.

No, except for the initial parity setting with ETH in the token sale.

You store them in your wallet. Any ERC-20-compatible wallet should work.

We may adjust the parity, but this will be fixed before the ICO, and will be known to all buyers before they buy.

PMTN are used for offering services on Peer Mountain instances. Service providers will need the tokens and will buy them. Holding PMTN may be a very interesting strategy, especially as there are many facts, such as the identities of our partners, that are under NDA and will be disclosed post token sale.

Peer Mountain provides a blockchain ecosystem of enterprise-deployed Peer Mountain instances that any user can access with a simple Android or iOS app on their phone. To use Peer Mountain, first you take photos of documents (e.g. passport, driver’s licence) and selfies to create your personal identity dossier. You can then share encrypted information from these dossiers with businesses, institutions, and other individuals to confirm your identity and acquire goods and services.

As PMTN is a closed ecosystem, we shouldn’t worry about volatility from a service and system standpoint.

Peer Mountain attestation providers earn PMTN for identity validation, or providing certificates. Service providers need to pay PMTN in order to offer services. PMTN will be traded on exchanges so that service providers can buy them, and certificate providers can sell them. Anyone can be a service provider and/or certificate provider.

Every time a Peer Mountain user (business or individual) consumes an attestation, that user makes a micropayment that is split between Peer Mountain and the Attestation Provider. For example, a bank considering making a loan to a business owner might check that owner’s profile, relevant parts of which have been securely shared through Peer Mountain. The bank will see the attestations of all the users that have done business with the business owner in the past, thereby ‘consuming’ the attestations. When this happens, Peer Mountain receives a micropayment from the bank for each attestation, which is split with the Attestation Providers. We expect sufficient transaction volume to generate significant revenue.

Peer Mountain relieves businesses of the burden of storing sensitive information about consumers. Because each user’s identity is complete, secure, and self-sovereign, businesses no longer need to compile and maintain unwieldy, partial dossiers on each customer. They can now view relevant details when they need to without assuming the enormous risk and cost associated with older systems of data storage. As an added bonus, businesses can generate significant revenue through Peer Mountain by acting as Attestation Providers.

Peer Mountain is free for all end-users.

The best way to stay on top of all things Peer Mountain is to speak with us on Telegram. Follow our blog for the latest Peer Mountain news. For continuous coverage, you can also follow us on Twitter, Facebook, LinkedIn, and Reddit.

The hard cap for our token sale is 39,488 ETH. However, the smartcap will most likely settle in an earlier round. The soft cap of 2.333 ETH is required to build and deploy Peer Mountain into the world’s blockchain application standard for trustworthy commerce in any legally regulated environment. For more information please visit the Token Sale page.

Patent-pending Peerchain technology turns compliance and data ownership on its head and links the two for enterprise clients. It also overcomes public chain scalability issues without compromising trust. The Peer Mountain Token is the first trust-driven token. And we’ve already signed terms with two major corporations.

Learn how Peer Mountain benefits users of SSID solutions like Civic and SelfKey.

Peer Mountain is a marketplace built around self-sovereign identity. It allows businesses and people using different systems and diverse blockchain technologies to communicate and transact with one another. Users can share relevant aspects of their secure identity with any organization in the marketplace, regardless of the specific systems they use. Peer Mountain’s patented Peerchain interchain protocol enables it to facilitate interoperability among all entities.

As a trust protocol, Peer Mountain can aggregate identity schemes into any individual user’s identity; users can then share these schemes with parties they trust. In other words, our distributed, decentralized trust protocol acts as an aggregator of siloed identity solutions.

Despite being enterprise-deployed, Peer Mountain enables individuals to transport their digital assets from Peer Mountain instance to Peer Mountain instance transparently and under their consent and control – even across instances in separate jurisdictions.

Anybody on Peer Mountain can easily be an attestation provider. Whenever you do business with someone else through Peer Mountain, you attest to whether that person or organization fulfilled their obligation. Then, any time another user checks the trustworthiness of that person or organization, you receive a micropayment. End users and businesses alike can be attestation providers.

An attestation is any time a person or organization confirms that another party has honored (or failed to honor) an obligation on Peer Mountain.

If you have any more questions, join our Telegram channel, where we’ll be happy to answer them!

Join us on Telegram