Hy guys .. meet again on this blog, for this opportunity I am a child of information about PayPro, for you who do not know about PayPro please read the article below. Happy reading ...
Introduction
When Bitcoin emerged as an alternative to the current pyramid payment network, it made everyone amazed the industry by promising a new decentralized payment network It was called the second Internet revolution, however, Blockchain still found With the rise of Ethereal, we found Blockchain not only able to change the current payment network as well to change the overall eco-system. The same Blockchain principles can be applied to proprietary properties, digital identities, supply chains, insurance or clinical trials, for example. From my perspective, a new understanding of how Blockchain can be used thanks to Smart Contracts will be the starting point for building a Digital Legal System.
PayPro was born in 2015 as an online tool to make payments in 25 currency savings up to 90% on hidden bank fees. We are governed by the Financial Conduct Authority, collecting two overall funds of 750 thousand pounds and spending a little over a year on the market. We successfully processed € 500,000 per month, which is not bad at all compared to the initial start of Kantox or Transferwise
What is PayPro?
PayPro is a decentralized bank created to handle a new eco system where its value is represented in a new form thanks to Smart Contracts. We also developed a Wallet where users can store crypto-currency and ERC-20 tokens
After we build PayPro, users will be able to store ETH, BTC or GAS, for example, and use the market to invest in crowdfunding platforms, for example, shares received from those investments in Token Shapes will also be stored in PayPro. As a result, all Crypto and Individual Liability assets will be represented on PayPro.
THE PRODUCT
We understand that the core functionality of PayPro has to be its capacity to store currency-value and spend it. Otherwise there is no point of storing value if it can not be used. For that reason, we have built the banking platform first.
Wallet
PayPro will accept most forms of crypto-currencies. Using Ethereum will allow users to store at least the 100 most used currencies by transaction volume per day. Of course, PayPro
Token will be our main currency and will be easily exchanged with any other currency.
So far, we have developed an iOS app that allows to store BTC, but this is just a proof of concept made for user experience purposes.
You can download it on the AppStore here: https://itunes.apple.com/us/app/paypro/id12
25181484?l=ca&ls=1&mt=8
Market place (Not available until July 2019)
On the one hand, users will be capable of using their PayPro Tokens, also known as PYPs, for buying any service in the
marketplace. These services will range from loans or credits to investments. Once the user will have spent its PYPs, a token will be
received and stored on the application as a result of using a Smart Contract. For instance, if a user wants to invest in a crowdfunding
platform, he can browse for crowdfunding platforms, select a campaign, pay in PYPs and store the token received in exchange on PayPro.
Decentralized Application
DApp management
We strongly believe PayPro does not have ownership rights over dApp. Otherwise, the essence of what dApp will be corrupted.
Of the 100% token issued, we are only distributing 40% of this amount of ICO. Although it was asked about the possibility of burning the remaining tokens, we believe that will bring the platform to be led by the token
holders who may not prioritize our long-term goals but solely on speculation. As David Jonhston recommends, dApp ownership becomes less and less centralized after sharing their tokens through fundraising and collaboration.
TOKEN SALE
Management dApp
What is Token Sale?
When further development is required from the company, a token made by the company may be provided in the form of a fund exchange.
Benefits of double token sales; from a company perspective,
The main advantage of it is that companies gain access faster than traditional route of establishment From an investor perspective, there is a greater number of Reasons why this method can be more attractive than traditional investments;
- While traditional funds consist of exchange of shares with money, which in many cases can not be traded, most tokens can be resold at the market anytime on time. By doing this, investors can allocate their resources in a more liquid asset.
- There is an increasing number of individuals who are mostly exposed to crypto currency and hence, there is a need to produce results in ecosystems.
- Iit provides a safe tool for investing anywhere in the world without the need to get too involved in the local legal system and jurisdiction of conflict arising from it.
Token creation
ERC20 standard is used for all Tokens created on Ethereum.
20,000 ETH will be placed and 40% worth of all PayPro Tokens will be issued
in the initial sale.
The Smart Contract is set so the delivery of PayPro’s Tokens can automatically
happen right after the ETH are received.
The allocation of tokens will be as follows:
- 5% would be distributed out to the community over time as rewards
for R&D and bounties.
- 15% is allocated to early investors & backers and future partnerships.
- 20% is reserved for the current team and most importantly, the future
team members’ motivation packages.
- The final 20% will be held by PayPro, under scrutiny of the community,
to reach future sustainability through network revenue distributions.
The delivery of PayPro Tokens (PYP) from the Smart Contract will occur
immediately after the ETH is sent.
Token sale period
The token sale will start on November 22th, 2017 at 21:00h GMT and will finish on December 22th at 21:00h GMT or whenever the target value of 20,000 ETH is reached.
Token Sale Structure
Tokens offered through ICO - 40%
The funds raised will be used to finance the development of the platform for the next 4 years.
Team And Advisors
Visit other important info below:
Website: http://www.payproapp.com/
Ann Thread : https://bitcointalk.org/index.php?topic=2352783
Twitter : https://twitter.com/thepaypro
Facebook : https://web.facebook.com/thepaypro
Medium : https://medium.com/tag/paypro/lates
My BTT: https://bitcointalk.org/index.php?action=profile;u=939758
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