What is Pear (PEX)?

Pear (PEX) is a decentralized online marketplace that aims to provide an open, free, and decentralized platform for exchanging goods and value. It utilizes a decentralized payment system (cryptocurrencies), a decentralized marketplace (PEAR network), and a decentralized Moderator (PEAR DAO) to facilitate transactions.

How is PEX different?

PEX, also known as Peardao, aims to complement the existing cryptocurrency ecosystem driven by centralized exchanges (CEX) and decentralized exchanges (DEX). It enables the exchange of value between on-chain, off-chain, and cross-chain ecosystems, similar to popular centralized ecommerce marketplaces like eBay and Amazon. Transactions on the Pear marketplace are executed through smart contracts and facilitated by encrypted chat tools. The credit history is publicly transparent, and disputes are resolved through a decentralized dispute management system.

Pear strives to become the leading open marketplace and aims to be compatible with any type of commerce transaction, payment method, and blockchain. It operates as a decentralized autonomous organization (DAO) where members can collectively make decisions to establish rules for the ideal marketplace. PEX envisions becoming an integral part of the infrastructure for the Web3 ecosystem.