P2PX Finance

Non-Custodial KYC

P2PX uses Zero-Knowledge Proofs (Zk-Proofs) for KYC (Know Your Customer) processes, ensuring users’ identities are verified without compromising their privacy. This method keeps sensitive personal information out of the reach of any third parties, including P2PX itself.

Cost Efficiency

The platform operates with zero gas fees for transactions, subsidized permanently by the P2PX DAO. This feature, facilitated by account abstraction, removes the burden of transaction costs from the user, promoting a more accessible trading environment.

Community Governance

As a DAO, P2PX is entirely community-driven. Decisions regarding the platform’s development, features, and rules are made through community votes, ensuring that the needs and preferences of the user base are prioritized.

Addressing Fraud and Security Concerns

P2PX has implemented multiple safeguards against common threats like impersonation and chargeback frauds. The platform limits transactions to $50 per transaction with a cap of three transactions per day, reducing the potential for significant fraudulent activities. Additionally, face-to-face verification for merchants further secures transactions against fraud.

Development and Accessibility

While currently available through a web application, P2PX plans to expand accessibility by launching a Progressive Web App (PWA), broadening its user base. This move will include users on various platforms, including those without native applications.

Legal and Support Framework

P2PX provides community support for legal issues, such as frozen bank accounts resulting from transactions on the platform. However, it holds no liability for losses incurred due to actions by external entities like cybercrime departments.

P2PX represents a significant step forward in the evolution of decentralized financial systems, offering a robust, secure, and user-governed platform that addresses many of the traditional concerns associated with crypto transactions.