What is Pillar Coin (PLR)?

Introduction

The PILLAR PROJECT is a cooperation of the Blockchain Innovation Community of 20 | 30.

They want to get rid of old ways of thinking that are applied to new technologies.

While most people are busy building decentralized apps, the project has questioned the idea of apps in general and decided it was time to move in a new direction.

Pillar Coin – The Company

Pillar is a project of Twenty Thirty AG based in Zug, Switzerland.

They are planning to open the first Blockchain Innovation Centre in London and are a very open-minded company. It is an earmarked company and has no management structure.

It is a community of blockchain innovators working together to create the society and economy that will become mainstream in 2030.

Pillar Coin – The Cryptocurrency

The Pillar Coin is a meta token. It is designed to support all services and transactions that users use during the day.

To make life easier, the user will see a normal currency in his or her Pillar balance sheet. All necessary tokens can be used to pay for goods and services that users use.

While the wallet and platform are open and free, users pay for the various PDL services with the Pillar Coin they use.

The token will drive the entire ecosystem forward, which can provide a direct business model for many projects that can connect to the project.

That’s the beauty of the token: users may need a certain service exactly once and they don’t have to sign up for it anywhere because they will only be able to pay for it with a Pillar Coin.

Here’s an example: The user goes to his doctor, the doctor does some tests and gives his patient a prescription for a few pills.

All data from this visit and the recipe will be copied to the Pillar Wallet.

The user can then manage the prescription as he likes it, including searching for offers from pharmacies for the lowest price or fastest delivery, etc.

In this case, pharmacies compete for his order and their software sees the Bid/Ask price, so they can send special offers to the user to select their service.

This is all under the control of the user. The user’s data can even be used in a study, with his or her permission.

The Pillar Coin is a meta token.

For example, Brave has a native token for displaying custom ads and monetization on the Internet. Augur has a token for betting.

Akasha has a token for messaging. We encounter dozens or hundreds of tokens every day.

All these native tokens will be one level below the Pillar token in the Pillar system.

Users can only use the Pillar token and see the different native usage tokens for the services they want to use.

Conclusion

We hear every day that we are losing the war against cybercriminals who steal around $500 billion a year from data centers.

Personal data is becoming increasingly important and difficult to manage.

The company is building an open source solution to provide billions of people with a safe place to manage their data and services in their daily lives.

The project is based on the book “Pull” by David Siegel.

You can’t buy it directly for fiat on any exchange. You can choose the where to buy bitcoins for your region and buy BTC there, then trade it for PLR on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.

Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase has acceptable fees and is secure bitcoin service.

If Coinbase doesn’t support your country, use Cex.io – read about Cex.io here – it is another safe place to buy bitcoins. Coinmama is also legit exchange for buying Bitcoinsclick here to visit Coinmama.

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If your country is not available on Coinbase – check for exchanges that are good Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is safe and legit), instantly and directly to BTC.

Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet – our recommendation is just go and buy Ledger Nano S, it is the safest option.You can read our article on how to use Ledger Nano S wallet and what cryptocurrencies it supports or check out other best hardware crypto wallets here. You can also create a paper wallet – learn here more about cryptocurrency wallets.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.

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