PAYPRO - THE FIRS DECENTRALIZED BANK
PayPro was born in 2015 as an online tool for making payments in 25 currencies saving up to 90% on hidden bank fees. We got regulated by the Financial Conduct Authority, raised two funding rounds of €750,000 in total and spent a little bit more than a year in the market. We managed to process € 500,000 per month, which is not bad at all compared to the early beginnings of Kantox or Transferwise, for instance.
WHAT IS PAYPRO ?
PayPro is a decentralized bank made for dealing with another eco-framework where regard is addressed in new structures by virtue of Smart Contracts. In this way, PayPro is a decentralized cash related business focus where any dApp can post its organizations. We are moreover developing a Wallet where customers will have the ability to store computerized types of cash and any ERC-20 token.After we have collected PayPro, a customer will be fit for securing ETH, BTC or GAS, for instance, and use the business place for placing assets into a crowdfunding stage, for instance. Also, the offers got from that enthusiasm for the kind of tokens, will be similarly secured at PayPro. Thus, all the crypto-assets and liabilities of an individual will be addressed in PayPro
PayPro’s marketplace will be built as a decentralized application, also known as dApp. According to David Jonhston, a dApp must meet some criteria in order to be considered as such:
- The application must be developed open-source, it has to operate autonomously and the majority of tokens can not be controlled by an entity. Also, proposed improvements and market feedback may be adapted in the protocol. — In order to access the application and to reward any contribution of value from miners or contributors, a cryptographic token is necessary.
- Tokens must be generated as proof of the value generated to the application.
- A decentralized Blockchain must be used to store data and records of operation in order to avoid any central point of failure.
PayPro will receive most forms of cryptococcus. Using Ethereum will allow users to keep at least 100 of the most used currencies with volume of transactions per day. Of course, PayPro Token will be our main currency and will be easily exchanged for other currencies. So far, we’ve developed an iOS app that makes it possible to store BTCs, but this is just proof of concept created for the purpose of user experience. You can download it in AppStore here: ITunes
The market place
From one perspective, clients will be fit for utilizing their PayPro Tokens, otherwise called PYPs, for purchasing any administration in the commercial center. These administrations will go from advances or credits to ventures. Once the client will have spent its PYPs, a token will be gotten and put away on the application because of utilizing a Smart Contract. For example, if a client needs to put resources into a crowdfunding stage, he can peruse for crowdfunding stages, select a battle, pay in PYPs and store the token got in return on PayPro.
SUMMARY TOKEN SALE
PayPro Token Name
Pre-sale period January 8 to January 15, 2017 Pre-sale terms Investment min 15 ET Bonus pre-sale bonus up 35% Primary Sales period January 15 — January 31 Primary sales term Investment min 0.5 ET Main sales bonus 1 24 hours 20 % First week 15% Second week 10% Exchange rate 1 ETH: 500 PYP 20,000 ETH limit (Hard Cap) or EUR 5.000.000,00 depending on exchange rate. Currency received only for ETH Token beneficiaries Economic decisions & rights. % Token sold 40% Nationality Anyone except Singapore, Estonia and the US due to legal or trade country restrictions approved by the US.
If an investor can not invest in a pre-sale token, he can still enjoy the bonus through the following methods:- During the first 24 hours, 20% bonus tokens.- During the first week, bonus bonus is 15%.- During the second week, 10% bonus tokens.
Ann Thread: https://bitcointalk.org/index.php?topic=2352783
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