ANOUNCEMENT: PKT Is Now Trading!The PacketCrypt network's native token, PKT is now trading on Bittrex Global and Bitmart as of today. PacketCrypt is a project to disintermediate the internet service and replace telco monopolies with a decentralized bandwidth Marketplace. The goal of PKT is to build a decentralized bandwidth marketplace where hundreds of cloud ISPs buy bandwidth from mesh-nets operated by thousands of individuals and communities. Then, to use that bandwidth to create virtual networks on top of the mesh of infrastructure. It uses a bandwidth-hard proof of work algorithm to secure the blockchain.
Pricing is currently cheaper on Bittrex Global at time of writing. There may be opportunities for arbitrage between the two exchanges for those who can access both. USA residents who are prohibited from accessing Bittrex Global will have to trade on Bitmart.
I've been watching this project closely for over a year now. There are a few other mesh-net routing projects out there in various stages of development. What sets this one apart is the bandwidth-hard PoW algorithm, a (from what I can see) stable bandwidth monetization mechanism (and non-inflationary), and transaction fees so low that they're practically free, thus enabling micro transactions on chain.
The project is still early in its development roadmap, but there is a mobile wallet, and Windows and Mac GUI wallets available.
You can find out more about PKT by visiting pkt.cash
Full disclosure: I am long PKT and intend to accumulate more. This is a long-term position.
