THE RESOLUTION'S SYSTEM FOR INTERNATIONAL BUSINESS
PRELIMINARIES
PREPAYWAY project is one of the best blockchain project in this era which aims to help in the way transaction are been conducted in different companies and the whole world. It unites the companies in the ways transaction and contracting are been done between them. Majority of the companies and industries have been having difficulties with their payment method and this is why PREPAYWAY project has prepared a new dimension in which payment can be done through the use of blockchain technology.
The method of transaction between businesses, companies and partners has been the most difficult one and at the same time bulky before the use of blockchain technology. Transaction always goes through series of channels and gateway before its final approval which this has slowed down the growth and development of the companies. All thanks to PREPAYWAY which has introduced a new secured payment system to relief the companies of the stress and problems they always go through during their business transaction.
WHAT IS PREPAYWAY
PrepayWay is an ecosystem that uses Blockchain technology. This ecosystem tries to simplify the transaction process on the global market, by implementing Blockchain technology in existing business processes making it more efficient and also decentralized. With the ecosystem they make, this will certainly improve trade relations between the participants, as well as from small or large companies. This ecosystem will certainly provide a new global market atmosphere where everything is more transparent and also faster than the convetional system that is still used today.
AIMS OF PREPAYWAY
PrepayWay, which I think we will hear frequently in the following days, is changing its existing business processes, creating a new paradigm of trade relations in the international arena, and building its own central system. In other words, PrepayWay aims to develop a wide range of commercial relations, from real estate transactions to large international transactions.
PROBLEMS
The primary reason behind this is that real estate investing can bring enormous amount of profit especially if your financial stage is great. A lot of people are doing this and if you know the right formula — it will bring you fortune. If you happen to know who John Grayken is and where does his fortune comes from — yes, it comes from real estate investing and his net worth as of 2018, just £4.763 billion (Wow right?). But even though it can bring you fortune, it is still hard to do this stuff because it can be risky, expensive, and time consuming.
SOLTIONS PROVIDED BY PREPAYWAY
ADVANTAGES OF PREPAYWAY
Thus, we see that this approach can simultaneously solve a number of problems. Moreover, PrepayWay has a number of advantages that I would like to list:
1-) You are not limited by the scope of the space, that is, you can make trade, commercial and any other transactions wherever you are and from what country would not be your business partner;
2-) Examples of contracts are drawn up in different languages to make it easier for you to learn them and not to waste time on their translation;
3-) Contracts are always drawn up by professional lawyers, which increases the overall level of security of your transaction;
4-) The contract is drawn up in such a way that its information form is accessible and understandable for each of the parties;
5-) The developers made sure that the services for payment were the most accessible and convenient for all participants of PrepayWay. That is why they provide such an amazing opportunity to pay for transactions in both Fiat and electronic currency;
6-) The use of blockchain technology allows not only to securely store all records, but also to protect them from any hacker attacks and other fraudulent activities. What I think is very important, especially given the current situation on the international market of trade relations.
In fact, the advantages of PrepayWay still a lot to list all of them I don't see the point. I think these points are enough to ensure that you have a more or less clear picture of what is the project.
HOW PREPAYWAY WORKS
• Service Providers
Add to the advancement of the center components of the Ecosystem.
• Core Elements
Utilized by the Ecosystem members as structure obstructs for the advancement of imaginative Blockchain arrangements.
• Blockchain Solutions
Each arrangement created by PrepayWay or some other Ecosystem member easily incorporates a few or the majority of the center components of the Ecosystem to support business forms.
• Ecosystem users
Both business and private clients receive the accompanying rewards to improve execution.
**HOW PREPAYWAY USES BLOCKCHAIN **
The project develops two separate sub-projects in order to do all these, the first
1-) Prepayway Real Estate, Elleeo, This project is planned to process money, cash and contract flows in the real estate sector through smart contracts using blockchain technology.
2-) Prepayway Global Trade, Smart Arb sub-project is a sub-corporation established to provide the liquidity of the receivables and debts arising from international trade among the companies.
Prepayway aims to use blockchain technology in all of the eco system it builds. Because blockchain technology makes money and information flow much faster, safer, less costly and more transparent. In this way, it wants to ensure that international trade is maintained much more easily and quickly. Prepayway wants the world trade to be kept free of boundaries, thanks to the smart contracts and blockchain.
BENEFITS OF PREPAYWAY
1-) You are not restricted by the extent of the space, that is, you can make exchange, business and some other exchanges wherever you are and from what nation would not be your colleague;
2-) Instances of agreements are attracted up various dialects to make it simpler for you to learn them and not to dawdle on their interpretation;
3-) Contracts are constantly drawn up by expert legal advisors, which builds the general dimension of security of your exchange;
4-) The agreement is attracted up such a way, that its data structure is open and justifiable for every one of the gatherings;
5-) The designers ensured that the administrations for installment were the most available and advantageous for all members of PrepayWay. That is the reason they give such an astonishing chance to pay for exchanges in both Fiat and electronic cash;
6-) The utilization of blockchain innovation permits not exclusively to safely store all records, yet in addition to shield them from any programmer assaults and other fake exercises.
WHAT IS INBIT TOKEN
InBit is a native token that will be used on the ecosystem and it's a utility token. Initially this Token will be based on Ethereum Blockchain technology (ERC-20) and maybe in the future this token can be swapped to their own blockchain (Still being developed to meet ecosystem needs). This token can be used by holders to pay for services available in the ecosystem. No more tokens will be generated after TGE until the PoU algorithm starts. To understand what a PoU (Proof-Of-Use) is.
The number of InBit tokens required to access each of the various Ecosystem services is determined by the following factors:
i.) The running exchange rate of the InBit token to the currency of the
transaction;
ii.) The contract price (either the total price or the deposit amount,
depending on the type of contract);
iii.) A fixed percentage of the contract price charged as a fee for using
PrepayWay Blockchain Ecosystem.
** PREPAYWAY ICO DETAILS**
To you, the end user had the opportunity to use the services PrepayWay, you need to purchase their internal token – InBit. Because it is he who carries out the life of the platform and activates the smart contract. This token is a standard utility token (ERC20). The initial cost of which for 1 InBit is 0.01 EUR. In total, the developers intend to issue 12.763.636.364 tokens, of which 650 million will be allocated for sales (pre-sale and ICO), and the remaining part will be distributed among the team members, its advisors, the remaining tokens will remain in the reserves of the company. All unsold tokens at the time of sale will be burned.
TOKEN DETAILS
Token: InBit
Token protocol: ERC20
Type: Utility
Total token supply: 12 763 636 364 InBits
Token supply during Sale: 6,500,000,000 InBits
ICO sale date: 19 March, 2019
Token price: 1 InBit = 0.01 EUR
Accepted currencies: ETH
Hard Cap: 50,000,000 EUR
MVP: YES
Country: Switzerland
KYC: YES
PARTNERS OF PREPAYWAY
THE AMAZING TEAM
ROADMAP
CONCLUSION
For every kind of business, the lack of cost-effective and universal solutions for international business will be solved after Prepayway pave into the market ensuring that effective infrastructure for collaborating, contracting, and payments would be done in order to solve the problem. Moreover, the developers of PrepayWay do not intend to reveal the full potential of blockchain technology alone, they plan to create a synergy of strategically important partnerships with existing ecosystems, combining their efforts for the further growth of blockchain technology.
For more information, please visit:
WEBSITE: https://prepayway.com
WHITEPAPER:https://prepayway.com/PrepayWay_Blockchain_Ecosystem_Whitepaper_V1.1.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5065060.0
TELEGRAM: https://telegram.me/prepaywaychat
FACEBOOK: https://www.facebook.com/PrepayWay/
TWITTER: https://twitter.com/PrepayWay
MEDIUM: https://medium.com/@prepayway
LINKEDIN: https://www.linkedin.com/company/prepayway/
INSTAGRAM: https://www.instagram.com/prepayway/
WEIBO: https://www.weibo.com/prepayway
Author: psalmyblinks
Bitcointalk Username: psalmyblinks
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2522636