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Three Protocol
Three Protocol
Three Protocol is a foundational ecosystem dedicated to decentralizing marketplaces to foster inclusivity in eCommerce and Real World Asset (RWA) transactions, Built and incubated by Tectum Blockchain. It leverages advanced technologies, including Neural Network AI, Zero-Knowledge Proof (ZKP) pseudonymization, and Tri-Signature DAOs, creating a secure and inclusive ecosystem.[1][2]
The vision of Three Protocols is to foster inclusivity and privacy in digital commerce. It aims to help users worldwide overcome traditional barriers and decentralize oversight, addressing the limitations of CBDCs. The protocol is designed for unbanked, privacy-conscious individuals, and blockchain enthusiasts, striving to make decentralized commerce accessible to everyone. One of Three Protocol’s future goals is to launch a mobile app where it will have all the marketplaces in one place.[3][8]
On June 13, 2024, Three Protocol unveiled the beta phase of Jobs3, marking the debut of its first decentralized marketplace.[4]
Overview
Launched in May 2024, Three Protocol represents an innovative ecosystem building a series of decentralized marketplaces. These marketplaces will offer users access to e-commerce and facilitate real-world asset transactions in unprecedented ways, all achieved through a series of cutting-edge technologies. As the flagship project incubated by Tectum, it operates on the $TET Tectum blockchain, a distinguished blockchain accelerator and valued partner of the UNCX Network.[1]
In a nutshell, Three Protocol is a project that decentralizes marketplaces to enable inclusivity in online commerce and RWA for the unbanked, debanked, crypto spenders, and those concerned about privacy and want to avoid CBDCs and legislation that infringes on human rights. It offers unprecedented accessibility and privacy through state-of-the-art technologies such as Zero Knowledge Proof (ZKP) pseudonymity and advanced Neural Network AI within a tri-sig DAO framework. [2]
Utilizing state-of-the-art Neural Network AI models, Three Protocol matches users to products, services, and real-world assets (RWAs) with unmatched speed and precision compared to traditional web2 marketplaces. By incorporating on-chain digital IDs and ZKP pseudonymization, Three Protocol ensures secure participation in digital economies without risking personal information. The platform also guarantees fair and efficient dispute resolution through the use of TriSig DAO Smart Contracts on its decentralized marketplaces.
The Three Protocol ecosystem consists of a variety of decentralized marketplaces designed to meet diverse economic needs. Platforms like Jobs3 facilitate freelance employment opportunities, while 3Bay supports secure transactions for buying and selling goods, offering transparent alternatives to centralized equivalents such as Fiverr, Upwork, eBay, Amazon, Autotrader, and Just Eat. All of this is done within a secure, decentralized environment.
This initiative aims to break down barriers imposed by centralized control, ensuring universal access, user autonomy, and robust privacy safeguards. By promoting financial inclusivity and cryptocurrency adoption, Three Protocol seeks to empower individuals worldwide, regardless of their financial or geographic status, thereby fostering a more equitable global economy.[5]
Three Pillar Technologies
These are the three foundational technologies that will underpin all Three Protocol Marketplaces:
1. Neural Network AI
Three Protocol leverages advanced Neural Network AI technology to revolutionize eCommerce and online marketplaces. This state-of-the-art system enhances the product and service matching process, ensuring users are connected with precisely what they need, thereby optimizing marketplace efficiency and user experience.
Additionally, the AI assists freelancers who excel in their fields but struggle to market themselves. By extracting and analyzing information from their CVs, the AI effectively promotes their skills to potential clients, helping them stand out to prospective employers. Three Protocol also utilizes AI to enhance product search functionality. This AI learns from users' past searches and applies specific criteria to predict and match subsequent queries more accurately. For instance, when searching for niche product qualities on platforms like Amazon, users often encounter broad search results. Three Protocol's AI refines these searches, providing more precise and relevant results.[6]
Web2 marketplaces like Fiverr and eBay rely on category-based systems, resulting in a lack of personalized results and wasted time. In contrast, all of Three Protocol’s marketplaces will utilize Neural Network AI technology to enhance searches through prompt-based technology. This AI-driven approach reduces the time users spend on the platform, making the user experience simpler and more efficient. The advanced AI model not only saves time but also personalizes the entire process, delivering the highest quality results. By improving UX, saving time, and reducing costs, Three Protocol’s marketplaces provide a more user-friendly and efficient experience.
The development of Three Protocol's AI model is focused on not just decentralizing marketplaces but also significantly enhancing their efficiency. The aim is to move away from the generalized search methods typical of platforms like Amazon to more intuitive, prompt-based searches. This advancement is designed to make marketplaces more effective and user-friendly, providing a better overall experience.[7]
Three Protocol's Procurement Matching Neural Network AI (PMNN AI)
Three Protocol's Procurement Matching Neural Network AI simplifies the hiring process for employers. They input the position they're hiring for, and with a click, the PMNN uses advanced technology to analyze the talent pool. It then recommends top talent based on the employer's needs, ensuring compatibility and efficiency with minimal effort.
Additionally, Three Protocols Escrow provides a secure way for employers to pay for services. Employers pay a service fee, which is stored securely in an escrow. The funds are only released when the job is completed to satisfaction, providing reassurance to both parties.
The PMNN AI uses a sophisticated hybrid structure of neural networks to enhance eCommerce searches. It incorporates various types of neural networks for different tasks, such as interpreting user queries, processing images and reviews, aligning search specifics with descriptions, matching queries to product features, and analyzing relationships between products. This approach ensures that users receive the most relevant and precise search results.
Furthermore, Three Protocol offers their PMNN AI structure on a permissionless 'pay-to-train' basis. This allows eCommerce and marketplace platforms to train their hybrid neural network models, democratizing access to advanced AI technology. Training fees are processed using $THREE, the platform's native token, with a portion of these fees returned to stakeholders. This model incentivizes community participation and support.[2]
2. ZKP Digital ID
Zero-knowledge proof (ZKP) pseudo-anonymization is a way to keep users' data private while still being able to use decentralized platforms. It involves creating a hash of a hash of their private key, which sets up a blockchain profile linked to their private key without revealing their personal information. This profile can gather public data like reviews that they choose to share, maintaining anonymity in transactions.[1]
With this method, users can maintain a unique profile on decentralized platforms while keeping their wallet activities private. Unlike traditional transactions, where wallet activities can be traced, ZKP anonymization secures privacy and allows users to control the information they wish to disclose, balancing transparency with anonymity.
In decentralized marketplaces, preserving anonymity is crucial. ZKP allows users to prove the existence of personal data, such as a passport, through a hash, without revealing specific details. This method confirms the authenticity of personal data while maintaining user privacy.
Concerns about public transaction histories are addressed through ZKP. By associating a ZKP with the user’s wallet, a new profile is created that captures essential platform activities without exposing the wallet's detailed transactional history. This allows for activity verification without compromising privacy. Users can create a platform-specific profile that reveals only selected information, ensuring financial activities remain private.
Zero-knowledge proofs (ZKP) and on-chain digital identities enable individuals to interact within the Three Protocol ecosystem securely and privately, without the need for traditional KYC processes that require revealing personal information. This is particularly empowering for the unbanked, providing them with financial independence and access to economic activities traditionally hindered by centralized systems. Users benefit from instant transactions, minimal fees, and identity verification without divulging sensitive details.[1]
3. Tri-Signature DAO
Three Protocol’s Tri-Signature DAO serves as an impartial intermediary to facilitate secure and fair transactions between buyers and sellers. Its functions include Transaction Approval, Dispute Resolution, and Escrow Management.[9]
The Three Protocol’s Tri-Proof smart contract is the ultimate solution for non-custodial, efficient eCommerce. This system involves three provers: the Buyer, the Seller, and the DAO (Decentralized Autonomous Organization). This tri-party structure ensures that all potential situations in an online transaction between two parties are adequately covered. The process requires only two Zero-Knowledge STARK (ZKStark) on-chain proofs to execute a transaction, enhancing efficiency and security.[2]
When two parties agree to a service on the marketplace, each becomes one of the three signatures. If the agreement goes smoothly, they sign a form, and funds are released from the escrow smart contract. However, if a dispute arises—such as one party claiming the other isn't following the terms, asking for more work, or disputing the service quality—they must raise the issue. The third signature, the DAO itself, then gets involved.
If the buyer is unhappy, the DAO assesses the situation and decides whether to support the buyer or seller by providing the necessary proof. Similarly, if the seller is dissatisfied, the DAO evaluates and provides the required proof. This system democratizes dispute resolution, ensuring fairness and efficiency.[10]
Products
Jobs3
Jobs3 is the pioneering marketplace built on Three Protocol. It revolutionizes the employment landscape by breaking down geographical and economic barriers, and connecting a global workforce with diverse opportunities through a decentralized platform. Leveraging advanced Neural Network AI, Jobs3 facilitates job matching and transactions, ensuring user guidance, while its No-KYC ZKP Pseudo Anonymity feature guarantees privacy and security.[11]
With its Tri-Signature DAO governance and cryptocurrency transactions, Jobs3 creates an inclusive, merit-based ecosystem that empowers freelancers, employees, and employers in the digital economy.
It is the first marketplace on Three Protocol and provides a decentralized alternative to platforms like Fiverr and Upwork. Users can transact in $THREE (and other cryptocurrencies) using the no-KYC on-chain Decentralised Digital ID’s. As the inaugural platform, Jobs3 aims to be a decentralized alternative to existing employment platforms, offering secure escrow services, efficient procurement, and seamless cryptocurrency transactions.[12]
Jobs3 imposes a 10% service fee on sellers and a 5% fee on buyers. This is much lower than the 20-40% fees found on Upwork and Fiverr. This model aims to balance revenue generation with competitive pricing, reducing the fees for sellers to 10% to increase market attractiveness.[2]
Wallet3
3Bay
3Bay is a decentralized platform tailored for auctions and sales, with a focus on swift and impartial reviews. The anticipated launch is scheduled for August 2024. It is transforming the online auction and sales landscape by introducing a decentralized platform that eliminates traditional financial and privacy constraints. Through the use of No-KYC ZKP Pseudo Anonymity, 3Bay ensures secure and efficient transactions while protecting user identities and maintaining transactional anonymity.
The platform leverages Neural Network AI to streamline the auction process, providing users with a user-friendly experience. Governance on 3Bay is structured around a Tri-Signature DAO, promoting transparency, inclusivity, and democracy through cryptocurrency-based transactions.
Traditional online marketplaces often impose listing fees and a percentage of the final sale price as charges. For instance, eBay charges a 75-cent listing fee along with a 13% final value fee. In contrast, 3Bay aims to offer a competitive edge by proposing a reduced final sale fee of 7.5%, which is capped.[2]
3Taxi
A decentralized alternative to services like Uber, featuring an upfront payment model for initial reviews. Scheduled for launch in December 2024.
In comparison to the industry standard of a 26% fee charged by traditional services like Uber, 3Taxi reduces its fee to 10%. This strategic pricing is intended to disrupt the market by offering a more economical alternative for service providers.[6]
Auto3
A decentralized marketplace specializing in automotive transactions. Expected to debut in October 2024. Platforms like Autotrader typically charge around $100 per listing. In contrast, Auto3 intends to halve this cost, setting the fee at approximately $50. This approach is designed to attract sellers through lower costs.
3Eats
A decentralized food delivery service positioned to compete with platforms like Grab, Doordash, and Deliveroo. The planned launch date is February 2025. Compared to food delivery services like Deliveroo, which typically charge restaurants around 30%, 3Eats plans to significantly undercut this by setting its fee at 10%. This strategy aims to attract more dining establishments to its platform.[13]
$THREE Token
Holders of $THREE can freely transact with any of the above marketplaces without the need for KYC. Use any cryptocurrency to purchase your favorite car or meal, and benefit from lower fees, faster settlements, and exclusive discounts by using $THREE across all our platforms.
$THREE tokens can be traded on Centralized exchange and Decentralized exchanges, which include MEXC and Uniswap.[15]
The Three Protocol team tokens (15% of supply) have just been locked and vested for 18 months in an audited public Real Floki Inu locker. About 750K of $THREE tokens have also been successfully burnt.[16][18]
MEXC, a Crypto trading platform, announced on March 14, 2024, the listing of $THREE on its Spot trading platform, featuring an active trading pair, THREE/USDT.[17]
Token Allocation
- Team Allocation (15%): Reserved for the core team, releasing linearly over 18 months to incentivize long-term support and alignment with community interests.
- Staking Incentives (10%): Rewards users for staking activities, enhancing network security, reducing market volatility, and supporting token value.
- Public Offering: Targets early adopters and contributors during the presale phase, aiding initial distribution and community building.
- Liquidity Provision (75%): Ensures liquidity, emphasizing the protocol's commitment to a stable and accessible market for the $THREE token, facilitating seamless transactions and exchanges.[15]
Utility and Applications
- Fee Reduction: Users transacting with $THREE tokens receive a 5% fee reduction, promoting the use of the native token and boosting its circulation.
- Governance Participation: Token holders have governance rights, allowing them to participate in decision-making processes, and fostering a democratic and user-centric ecosystem.
- Staking Rewards: Users can earn rewards by staking their tokens, contributing to economic activities, and securing additional income while supporting network stability.
- Educational Incentives: 'Train-to-earn' initiatives reward users for engaging with educational content, building an informed community, and enhancing their understanding of blockchain and the Three Protocol ecosystem.[15][6]
Three Protocol Partners
- UNCX Network
- Creo Engine
- Camelot Protocol
- ShillGuard
- DDOChain
- Fuxion Lab’s
- DeSui
- Domus AI
- Orbler
- OX.FUN
- Micro3
- MindAI
- Uno Re DAO
- Bitgert
- SolarX
- Octavia
- Versus-X
- Dione Protocol[3]
Team
The Three Protocol team consists of professionals guided by a highly skilled advisory board. Many advisors have extensive backgrounds in blockchain and decentralization, with involvement in CrispMind and the Tectum project, the incubating entity.
- Grant Robertson - Co-Founder and COO
- Louie Rice - Co-Founder and CBDO
- Brendan Young - Founder/ Chief Operations Officer
- Sean Munn - CMO
- Abdemoula Selmani - Front End Developer
- Tomislav - Back End/AI Developer
- Ihor - Smart Contract Developer[19]
Advisors
- Russell Sean — he’s the CEO of Tectum.
- Trevor Mccarter — COO at Tectum.
- Andrew Erikshivilli — CMO at Tectum.
- John Dajci — TMS.
- Tawqeer Gilkar — EmChain.[20]
Roadmap
Q2 2024
- Tri-Sig Rust/Solana Smart Contract V1 code(28 April 2024)
- $THREE Token Launch(29 April 2024)
- Jobs3 Portal V1(11 June 2024)
- Tri-Sig Rust/Solana Smart Contract Audit(10 June 2024)
- Tri-Sig Rust/Solana Smart Contract Deployment(31 May 2024)
- $THREE Staking(3 June 2024)
- DAO Rust/Solana Smart Contract V1 code(15 July 2024)
- Neural Network AI Matching V1(31 July 2024)
- AMA: Crypto Moonshots(7 May 202415 : 00 PM)
- AMA: USA Crypto(13 May 202421 : 00 PM)
- AMA: The Chase Reviews(14 May 202413 : 00 PM)
- AMA: Astronaut Lounge(15 May 202414 : 00 PM)
- AMA: Three Protocol + Guest Speakers(16 May 202414 : 00 PM)
- AMA: Asteroid Ventures(17 May 202415 : 00 PM)
- AMA: WEB3 NATION(20 May 202408 : 00 AM)
- AMA: Hela Lab Spaces(22 May 202414 : 00 PM)
- AMA: Three Protocol with Fuxion Labs(23 May 202415 : 00 PM)
- AMA: Mind AI (partnership)(24 May 202416 : 00 PM)
- AMA: ShillGuard (partnership) Spaces(27 May 202415 : 00 PM)
- AMA: Alt Crypto Gems(28 May 202413 : 00 PM)
- AMA: Adam's Lounge(31 May 202414 : 00 PM)
- AMA: Coin Launch Lounge(31 May 202416 : 00 PM)
- AMA: GameGPT Mega Spaces(3 June 202414 : 00 PM)
- AMA: Mario Nawfal's Roundtable(4 June 202420 : 30 PM)
- AMA: Three Protocol with HASH AI(6 June 202415 : 00 PM)
- AMA: Cluster Protocol AI panel(7 June 202415 : 00 PM)
- AMA: WCT (Jobs3 Launch Day)(11 June 202414 : 00 PM)
- AMA: UNXC(12 June 202414 : 00 PM)
Q3 2024
- 3Bay Web Platform(12 August 2024)
- 3Bay Login Portal
- 3Bay DAO Amendments
- DAO Rust/Solana Smart Contract Audit Deployment
- Tri-Sig Tectum Smart Contract V1 code
- Tri-Sig Tectum Smart Contract Audit
- Tri-Sig Tectum Smart Contract Deployment
- Staking Contract V1 Code (with platform rewards)
- Staking Contract V1 Audit
- Smart Contract Warranty Implementation
Q4 2024
- Auto3 Web Platform(1 October 2024)
- Auto3 Login Portal
- Auto3 DAO Amendments
- DAO Tectum Smart Contract V1 code
- DAO Tectum Smart Contract Audit
- DAO Tectum Smart Contract Audit Deployment
Q1 2025
- 3Eats Web Platform(7 February 2025)
- 3Eats Login Portal
- 3Eats DAO Amendments.[21]
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