Introduction to PEAR Swap

Introduction

PEAR Swap is the flagship product of the $PEAR token ecosystem.

Through PEAR Swap, users will have the ability to perform both OTC (over the counter) and P2P (peer to peer) trades with other parties, without the intervention of a manually operated third party. The PEAR Swap system is backed by immutable smart contracts that users interact with, rather than needing a third party to manually confirm transactions.

By pairing one user who wishes to sell a certain currency with another user who wishes to buy that same currency, PEAR facilitates and simplifies OTC/P2P transfers - and by providing the users with a secure, impregnable middleman (the PEAR platform and its immutable smart contracts), the system is impervious to manipulation or exploitation.

PEAR Swap supports all forms of cryptocurrency including stablecoins/tether, allowing users to either publicly list or privately trade whatever currency they would like. There are no limits as to the size or frequency of trades.

Using PEAR Swap, people will be able to avoid many of the typical drawbacks of large-scale transactions experienced when trading on exchanges (centralized or decentralized), such as price impact, liquidity limitations and negatively affecting charts, while also offering a wide variety of cryptocurrencies and competitive prices for both buyers and sellers.

To take advantage of the PEAR platform, users will need to hold a nominal amount of $PEAR, the native token of the PEAR ecosystem. Both sellers and buyers will be able to circumvent the token-taxes applied by the projects of the specific crypto they are trading by using PEAR Swap, but there will be a small platform tax on all transactions. This tax will be collected by immutable smart contracts and divided up, with a percentage allocated to sustaining and marketing the PEAR platform and the rest being distributed to $PEAR holders as part of our revenue sharing utility.