hi welcome back to our blog. this time we
will discuss one of the profitable projects from PayPro. What is Paypro.? How does it work ? What advantage from paypro? it must be in your mind to ask this question.tahn you ask question continue and curious,
WHAT IS PAYPRO?
PayPro is a decentralized bank made for dealing
with a new eco-system where value is represented in new forms thanks to Smart
Contracts. Thus, PayPro is a decentralized financial-marketplace where any dApp
can post its services. We are also developing a ERC-20 tokens crypto-currencies
and any token.
PayPro is a commercial center associated with
decentralization where each dApp can post its administration. We are also
building a Wallet where clients have the capacity to store digital money forms
and sign the ERC-20. After we collect PayPro, clients will be fit to get rid of
ETTH, BTC or GAS, for example, and utilize a commercial center to incorporate
resources into the crowdfunding stage, for example. In addition, offers earned
from interest in these token types will also be removed in PayPro. Therefore,
all individual crypto and liability sources will be invited to talk on PayPro.
PayPro Market will be built as a decentralized app, also known as dApp.
According to David Jonhston, a dApp must meet several criteria to be considered
as follows: 1. Applications must be developed open-source, must operate
autonomously and the majority of tokens can not be controlled by an entity.
Also, proposed improvements and market feedback may occur Adapted in protocol.
2. To access the application and to reward contributions from miners or
contributors, a cryptographic token is required. 3. Token must be generated as
proof of value generated on application. 4. Decentralized blockchain should be
used to store data and records operation to avoid the point of failure center
PAYPRO TOKEN
PayPro Token (PYP) will be the flagship currency in our ecosystem, facilitatingtransactions within the marketplace. The main purpose of PYPs is that they will be used for political rights and for usage;
PayPro Token (PYP) will be the flagship currency in our ecosystem, facilitatingtransactions within the marketplace. The main purpose of PYPs is that they will be used for political rights and for usage;
· Political Rights
· Usage
· PayPro Role
· Mougayar Test
TOKEN SALE
What is a Token Sale?
When more development is needed from a company, a token created by the company can be given in exchange of funds.The benefits of a token sale are double; from a company perspective, the main advantage of it is that the company gains quicker access than traditional founding routes. From an investor perspective, there is a small number of reasons why this method can be more interesting than traditional investment;
While traditional funding consists on exchanging shares by money, which in most cases are not tradable, most tokens can be sold back to the market at any moment in time. By doing this, investors can allocate their resources in more liquid assets.
There is an increasing number of individuals largely exposed in crypto-currencies and hence, there is a need of generating yield within the ecosystem.
It provides a safe tool for investing anywhere in the world without the need for getting involved in local law systems and jurisdiction conflicts aroused from it.
Use of Funds
Development 40% As explained, PayPro currently relies on an integrated solution offered by one only supplier that implies expensive services and low customization. Hence, it is a must for PayPro to be capable of developing its own payment network. This investment includes upfront and integration fees to be paid to the Payment Processor, the Currency Supplier and BIN Sponsor, which will include acquiring and issuin.
However, the largest part of this investment will be allocated to hiring back-end developers (LAMP)
Token Sale Structure
Development 40% As explained, PayPro currently relies on an integrated solution offered by one only supplier that implies expensive services and low customization. Hence, it is a must for PayPro to be capable of developing its own payment network. This investment includes upfront and integration fees to be paid to the Payment Processor, the Currency Supplier and BIN Sponsor, which will include acquiring and issuin.
However, the largest part of this investment will be allocated to hiring back-end developers (LAMP)
Token Sale Structure
Milestones
Token sale period
The token sale will start on November 22nd, 2017 at 21:00 GMT and will finish on December 22th at 21: 00h GMT or whenever the target value of 20,000 ETHIS reached.
Pre-sale tokens
The token sale will start on November 22nd, 2017 at 21:00 GMT and will finish on December 22th at 21: 00h GMT or whenever the target value of 20,000 ETHIS reached.
Pre-sale tokens
A number of tokens will be sold one week before
the Launch Date. This period will be named as the "Pre-sale" period.
By participating in the pre-sale, investors will enjoy special discounts, which
can be additional tokens.The conditions for join the Pre-sale are:
· By invitation only; if you want to be invited, please contact
any of our team members .
· Minimum commitment of 15 ETH to qualify
· The first 600 investors will gain a bonus of 35%.
Bonus
If the investor can not invest in the token pre-sale, he still can enjoy a bonus via the following methods:
If the investor can not invest in the token pre-sale, he still can enjoy a bonus via the following methods:
· During the first 24 hours, 20% bonus tokens .
· During the first week, 15% bonus tokens .
· During the second week, 10% bonus tokens.
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 be automatically happen after the ETH is 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 happen immediately after the ETH is sent.
Why an ICO?
Because we truly believe that PayPro is made to
be a global change, we also believe that it has to be conceived by the global
community for a number of reasons:
· First of all, as a decentralized application it is natural for
us that its conception must come from the community. Even though our
organization is going to be the main promoter, we also expect support from the
community in terms of funding.
· Second of all, we are facing a great challenge in a number of
fields such as technology development, payment networks, strategy, compliance
... and hence, considerable funding is needed to accomplish our goals.
· Last of all, PayPro Token (PYP) is the core of our network. PYPs
are going to be the main crypto-currency of our network and will also be used
to deal with our partners as well as to charge all services available within
the network.
Exchange rates and limits
PayPro token will be sold at 500 PYPs to 1 ETH.
Minimum investment is set at 0.5 ETH.No other crypto-currencies are accepted.
PayPro Market will be built as a decentralized app, also known as dApp. According to David Jonhston,
a dApp must meet several criteria to be considered as follows:
1. Applications must be developed open-source, must operate autonomously and the majority of tokens
can not be controlled by an entity. Also, proposed improvements and market feedback may occur
Adapted in protocol.
2. To access the application and to reward contributions from miners or contributors, a cryptographic
token is required.
3. Token must be generated as proof of value generated on application.
4. Decentralized blockchain should be used to store data and records
operation to avoid the point of failure center.
PayPro will accept most forms of cryptococcus. Using Ethereum will allow users to store
at least 100 of the most used currencies with transaction volume 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 BTC, but this is merely a proof
of concept created for the purpose of the user experience.
TEAM
The founding team has
worked together for the last 3 years, so we've become a solid team. It's made
up of 3 founders covering Blockchain, technology and strategy
- Pablo Ruiz, CEO: https://www.linkedin.com/in/ruizferrer
-GabrielLlambias, CFO: https://www.linkedin.com/in/gllambias/
- Enric Giribet, CTO: https: // www
.linkedin.com / in / enric-giribet-us% C3% B3-a0159b31
Full information read our whitepaper :
https://drive.google.com/file/d/1hKog8eUF8Jxhh7kCBNYQTOwOr5RdVMqX/view
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
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