Peer Mountain Has More Answers to Your Questions
By: Peer Mountain
Tags: Blockchain, ICO, Ethereum, Cryptocurrency, Tech

As the Peer Mountain community continues to grow, we’re fielding a lot more questions, especially about the Peer Mountain Token ( PMTN) sale and the SmartcapTM algorithm designed to keep it fair and transparent. In response to the growing interest in Peer Mountain and its token sale, we’ve expanded our website’s FAQ page to help you with your due diligence of Peer Mountain. To simplify and speed up your research, we’ve also grouped our FAQs into the following categories:

This is Peer Mountain

Token Sale

Peer Mountain Token ( PMTN)

Mobile App

Here are some recent additions to the Peer Mountain FAQs:

Token Sale

What payment methods do you accept?

We accept payment in ETH.

What are the terms of the pre-sale?

Round 0 buyers will get a discount (currently estimated at 30%). Minimum investment will be 1 PMT. 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.

Is there a whitelist for participating in the token pre-sale and where can I find it? What is the registration process?

Yes, there is a whitelist for participating in the Peer Mountain Token pre-sale. To get on it, click on the Sign Up button in the upper right corner of the Peer Mountain website and enter your email address. You’ll receive a welcome email with initial instructions. You’ll receive further instructions in subsequent emails from Peer Mountain.

Peer Mountain Token ( PMTN)

What are the various utilities of PMT?

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.

What is the incentive for us to keep our tokens after the ICO?

PMTN are used for offering services on Peer Mountain instances. Service providers will need the tokens and will buy them.

How will you react to the inevitable volatility of the altcoin market and how will the system behave in such circumstances?

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

This is Peer Mountain

How will the technology work?

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.

Why should businesses use Peer Mountain?

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 (i.e. by confirming the authenticity of identification documents).

Visit the Peer Mountain FAQ page for more answers.

Read about Peer Mountain’s pioneering ICO 2.0 token sale.

Get a 30% discount on Peer Mountain Tokens in the 1st round of our token sale — sign up now to get on the pre-order whitelist!