Payportal ICO Review

Hello friends, Today I will talk about a very exciting ICO project the payportal project. Basically, the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is PAYPORTAL. I will be writing in detail about the details of the ICO.

Payportal Services Private Limited (hereinafter referred to as “Payportal”) is a privately-owned company that has been established in 2011 under the laws of India by international experts who have been in the payment services industry since 1996.
The Payportal establishes a connection between service providers and their customers by processing on-line recharges, bill payments and domestic money transfers in the most secure and convenient way through a Payportal wallet. The company currently manages 80 distributors, and 2,300 retailers, processing 500 million rupees in payments in 2017 between banks, mobile and digital TV operators, utility companies and their customers.

The Payportal platform connects Indian service providers such as banks, mobile operators, digital TV operators and utility companies with public through a WALLET. A wallet number is linked to a mobile number of the owner. The platform is utilizing the advantages of personal computers and smart phones, IOS and Android apps are available. The project’s goal is to provide a solution to Customers to tackle the following challenges: regular visitings of different offices to pay monthly bills, cash collectors stealing, expensive and risky cross-border remittances, staying in a bank queues, wide geography logistics, non-professional service support and assistance, etc.

The Payportal platform connects service providers such as banks, mobile operators, digital TV operators and utilities with public through a WALLET. A wallet number is linked to a mobile number of the owner. In this way, the possibility of making payments on accounts, and the same money transfers are fast and safe. The wallet provides a large number of features online. Access can be obtained through a personal computer or smartphone.

PAYPORTAL BUSINESS MODEL

The Business model represents how payportal creates a viable environment by establishing a relationship with mobile operators, utility operators, banks for receiving and processing on-line recharges. Bill payments and also domestic Money transfer to customers bank accounts from the market. With Major distributors in Delhi, They can deal with their retailers appointed independently or by payportal

INTEGRATING BLOCKCHAIN TECHNOLOGY INTO PAYPORTAL PLATFORM

The use of blockchain technologies is one of the most important tasks for the further successful development of the platform.

Server decentralization will keep wallets data safe in case of hardware failure or hackers attack.
Implementing a cross-border money transfers service between Indian migrants living abroad and their families in the home country. As the Payportal has advanced experience in domestic money transfers, we plan to realize this part of the project based on the own blockchain and cryptocurrency PPTL Coin. PPTL coins will be accepted as a means of payment and will be convertible into Indian rupees for the final leg of a transaction.

All fees will be applicable in PPTL coins:

Monthly subscription to Payportal services (Bharat Bill Payment system, Aadhaar Enabled Payment System) for retailers and distributors.
New retailer creation.
Retailer shifts to another distributor.
Emergency cash collection service

TOKEN AND ICO DETAILS

A key objective for Payportal is to raise sufficient capital to execute the company plans. The strong cash position will give the company a clear runaway to acquire new customers, expand within the current area of Delhi and NCR and other geographic markets (Maharashtra, Rajasthan, etc.), pursue new licensing deals, develop new technologies, expand our development resources and continue adding significant innovations to Payportal wallet technology. The PPTL Token (PPTL) is an ERC20 UTILITY token and aims to provide the development of the Payportal platform. PPTL can also be seen as a loyalty token allowing investors to show their affiliation with and support of the project. It does not represent equity.

Token Details

Token Name: PPTL Token (PPTL)

Platform: Ethereum

Token Type: ERC20

Total supply: 20,000,000 PPTL

For sale: 14,500,000 PPTL

1 Token = 0,002 ETH

Softcap: 3000 ETH

Hardcap: 24 000 ETH

There will be 20 million tokens produced. 14.5 million Tokens will be sold to the masses. They will be sold at the price of 1 token = 0.002 ETH. The project has a soft cap of 3000 ETH and a hard cap of 24000 ETH.

The private sale has already started, and it will end in 18 days. The date for the ICO will be announced after the private sale. Tokens will be non-transferable until the ICO ends. The ICO is expected to last until July 15, 2018.

Token Distribution

Benefits to holding PPTL tokens

Potential Appreciation in Value

The potential for increased profit over time and growing demand from retailers and distributors as a result of the redemption of loyalty bonuses, fees, cross-border money transfers provides the basis for potential value appreciation over time.

Provision of additional services based on the PPTL coins to retailers and online wallet users will increase its total demand.

Transfers

We expect that PPTL coins will be exchangeable for fiat currencies and other cryptocurrencies.

ROADMAP

Q2 2018
Finalise integration with BBPS (Bharat Bill Pay System). Services will expand to process all utility bills that are issued by Indian countries nationwide. Customers using the system will be able to access their bills through the Payportal platform, and service bills online or through the retailer.
Q2 2018
Release a revised version of the Android and IOS applications with DMT (domestic money transfer). DMT service will be available upon deployment of the web-based solutions platform, and will be extended to smart phone apps. Primary objectives include increasing the number of wallet users.
Q3 2018
Propagate and increase sales revenue in Delhi, by promoting the new BBPS (Baharat Bill Pay System) for utility services such as; gas, electricity and water. Target the biggest distributors and retailers in the market, cultivating new leads for distribution.
Q4 2018 (future)
Create and distribute a targeted advertising campaign for the Payportal wallet — utilising online marketing tools to attract new customers to the online wallet. Once completed, embark upon developing proprietary blockchain, tailored to the Payportal ecosystem. Focus will be on decentralisation of data, cross-border money transfer services and fees.
Q1 2019 (future)
Focused geographical expansion campaign into surrounding areas — Faridabad, Ghaziabad and Noida. Expand sales team, cultivate new relationships with distributors and retailers in new geographical regions, promoting the Payportal platform.
Q2 2019 (future)
Develop and implement a loyalty program amongst distributors and retailers, with the aim of motivating the signed retailers to increase their sales revenue. Encourage distributors to improve quality of service, in turn increasing the number of new retailers. Payportal will introduce specific services to be used by both business parties within the loyalty scheme.
Q4 2019 (future)
Further positive geographical expansion to the 3 largest Indian cities and surrounding areas — Mumbai, Bangalore, Pune and Jaipur. Registration of new office sites, continued network development of retailers and distributors, marketing of the Payportal services. Finally, creating a co-branded payment product with banking partners.

TEAM

ADVISORS

FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;

Website: https://ico.payportal.in

Whitepaper: https://ico.payportal.in/docs/White_paper_Payportal.pdf

Bitcointalk: https://bitcointalk.org/index.php?topic=3285962.0

Github: https://github.com/pmrio/solidity

Twitter: https://twitter.com/PayPortal_India

Facebook: https://www.facebook.com/PayPortalOfficial/

Telegram: https://t.me/PPTLchat

Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409