Particle Network (PARTI)

Universal Accounts

Particle Network lets users have one single, unified blockchain address and balance that works across many different blockchains. This means users don’t need to manage multiple accounts for different blockchains.

Universal Liquidity

It provides a way to pool and use assets from different blockchains together, making it easier to move and use tokens without switching networks manually.

Universal Gas

Particle Network offers a system where users can pay transaction fees (gas) in a flexible way across multiple blockchains, simplifying how transactions are made.

Developer Tools and Integration

Particle Network provides tools like wallet services and authentication that help developers build apps where users can log in with Web2 accounts and interact with Web3 easily.

Chain Abstraction

The main goal is to hide the complexity of multiple blockchains from users, making blockchain apps feel as simple and smooth as regular web apps by letting users interact without knowing which blockchain they are using.

Pros

• Particle Network offers Universal Accounts, allowing users to manage one account across multiple blockchains, simplifying crypto use.
• It supports chain abstraction, enabling seamless transactions and interactions between over 50 blockchains.
• The platform provides Universal Gas fees, so users can pay transaction fees with any asset on any supported blockchain.
• Particle Network has a large user base with millions of accounts, showing strong adoption.
• It offers a comprehensive SDK for developers to build Web3 apps easily without worrying about wallet or chain complexities.
• The network uses a dual staking system that enhances security by combining its native token and Bitcoin staking.

Cons

• As a newer Layer-1 blockchain, Particle Network may face competition from more established blockchains.
• The project’s long-term adoption and ecosystem growth are still developing, which can affect liquidity and app availability.
• Some users might find the technology complex initially, especially if they are new to multi-chain environments.

Overall, Particle Network aims to make blockchain easier and more connected, with strong tech features and growing user support.

Founders

Particle Network was founded by Pengyu Wang and Tao Pan in 2022. Both have backgrounds in mobile game development and previously worked together at MiniJoy, where Wang was CEO and Pan led technical development.

Investors in Particle Network

Particle Network has raised around $25 million in funding from multiple investors. Key investors include:

• Spartan Group and Gumi Crypto (led the $15M Series A round in June 2024)
• Binance Labs
• GSR Ventures
• HashKey Capital
• SevenX Ventures
• Morningstar Ventures
• MH Ventures
• UOB Venture Management
• Flow Traders
• SNZ
• Animoca Ventures
• LongHash Ventures
• Alibaba Group

In total, Particle Network has about 23 to 31 investors across several funding rounds.

Halal Status of Particle Network

Yes, Particle Network is considered halal by some Islamic finance perspectives because it focuses on blockchain technology and utility without involving interest (riba) or gambling elements. However, individual views may vary depending on interpretation.