PayPro ICO || Launches the 1st truly decentralized marketplace.
Background ..
When Bitcoin emerged as an alternative to the current pyramid-shape payment network, it amazed everybody within the industry by promising a new decentralized payment network. It was called the second internet revolution. However, Blockchain was still getting discovered.
Introduction.
With the raise of Ethereum, we discovered that Blockchain is not only meant to change the current payment network but also to change our entire eco- system. The same principles of Blockchain can be applied to property ownership, digital identity, supply chain, insurance or clinical trials, for instance. From my perspective, this new understanding of how Blockchain can be used thanks to Smart Contracts will be the starting point of creating a Digital Legal System.
The purpose of this project!
This new paradigm is going to create new needs that are going to be looking for new solutions. At PayPro, we strongly believe that this future is very close and thus, we want to position ourselves in the front line by delivering a solution that will ease the switch from the old to the new paradigm.
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 Wallet where users will be able to store crypto-currencies and any ERC-20 token.
After we have built PayPro, a user will be capable of storing ETH, BTC or GAS, for instance, and use the marketplace for investing in a crowdfunding platform, for instance. Likewise, the shares received from that investment in the form of tokens, will be also stored at PayPro. As a result of that, all the crypto-assets and liabilities of an individual will be represented in PayPro.
Our Beginings.
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.
From that experience, we soon learned that the payments / banking industry was totally outdated. Thus, we soon realized that we had to make a step forward if we wanted offer a truly disruptive value proposition if we wanted to change the industry. This is why we started to listen to the market, talk with industry’s experts and do a lot of test and fail. And this is how we created PayPro: the first decentralized bank built.
Features dApp:
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.
Offering:
Because PayPro is a complex challenge, we are yet to develop it. Though, all the code will be open source and we expect the community to join us on its development.
We are running this ICO in order to raise the necessary funds to kick it off. We are looking forward to starting working with you on this amazing project.
Our Future:
In a future where Smart Contracts will be used for many of our daily activities, such as using decentralized computer power, trading or insuring a car, we believe that banking is also going to be decentralized.
On the one hand, traditional banking services are being decentralized thanks to many initiatives coming from all over the world and being built over the Ethereum protocol – some of them can be tracked Here:
all these applications need to be offered through a common platform same as Android applications are offered in Google Play, as otherwise the user experience diminishes.
Token Sale:
Depending on exchange rate.
Accepted currencies ETH only Token holder benefits Decision & Economic rights. % of Token sold 40% Nationality Anyone except Singapore, Estonia and the US due to legal restrictions or countries trade sanctioned by the US.
Bonus
If an investor can not invest in the token pre-sale, he still can enjoy a bonus
via the following methods:
When Bitcoin emerged as an alternative to the current pyramid-shape payment network, it amazed everybody within the industry by promising a new decentralized payment network. It was called the second internet revolution. However, Blockchain was still getting discovered.
With the raise of Ethereum, we discovered that Blockchain is not only meant to change the current payment network but also to change our entire eco- system. The same principles of Blockchain can be applied to property ownership, digital identity, supply chain, insurance or clinical trials, for instance. From my perspective, this new understanding of how Blockchain can be used thanks to Smart Contracts will be the starting point of creating a Digital Legal System.
The purpose of this project!
This new paradigm is going to create new needs that are going to be looking for new solutions. At PayPro, we strongly believe that this future is very close and thus, we want to position ourselves in the front line by delivering a solution that will ease the switch from the old to the new paradigm.
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 Wallet where users will be able to store crypto-currencies and any ERC-20 token.
After we have built PayPro, a user will be capable of storing ETH, BTC or GAS, for instance, and use the marketplace for investing in a crowdfunding platform, for instance. Likewise, the shares received from that investment in the form of tokens, will be also stored at PayPro. As a result of that, all the crypto-assets and liabilities of an individual will be represented in PayPro.
Our Beginings.
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.
From that experience, we soon learned that the payments / banking industry was totally outdated. Thus, we soon realized that we had to make a step forward if we wanted offer a truly disruptive value proposition if we wanted to change the industry. This is why we started to listen to the market, talk with industry’s experts and do a lot of test and fail. And this is how we created PayPro: the first decentralized bank built.
Features dApp:
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.
Because PayPro is a complex challenge, we are yet to develop it. Though, all the code will be open source and we expect the community to join us on its development.
We are running this ICO in order to raise the necessary funds to kick it off. We are looking forward to starting working with you on this amazing project.
Our Future:
In a future where Smart Contracts will be used for many of our daily activities, such as using decentralized computer power, trading or insuring a car, we believe that banking is also going to be decentralized.
On the one hand, traditional banking services are being decentralized thanks to many initiatives coming from all over the world and being built over the Ethereum protocol – some of them can be tracked Here:
all these applications need to be offered through a common platform same as Android applications are offered in Google Play, as otherwise the user experience diminishes.
- Name: PayPro Token.
- Symbol: PYP.
- Pre-sale period: January 8th to January 15th, 2017.
- Pre-sale terms: Min investment of 15 ETH.
- Pre-sale bonus: Bonus of up to 35%.
- Main Sale period: January 15th to January 31st.
- Main sale terms: Min investment of 0.5 ETH
- Main sale bonus: 1st 24 hours 20%
- 1st week: 15%
- 2nd week: 10%
- Exchange rate 1 ETH: 500 PYP
- Limits: 20,000 ETH (Hard Cap) or EUR 5,000,000.00
Depending on exchange rate.
Accepted currencies ETH only Token holder benefits Decision & Economic rights. % of Token sold 40% Nationality Anyone except Singapore, Estonia and the US due to legal restrictions or countries trade sanctioned by the US.
Bonus
If an 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.
Use Of Funds:
- Development 40%
- Growth 30%
- Other expenses 30%
Token sale structure:
Token sale - 40%
Sustainability reserve - 20%
Community, R&D & bounties - 5%
Early investors, current & future advisors, partnerships - 15%
Founders, team & future employee motivation packages - 20%
Roadmap:
Team
advisor
Official website:
Website: Here.
Whitepaper: Here.
Ann Thread Bitcointalk: Here.
Facebook: Here.
Twitter: Here.
Medium: Here.
Author: supreme 30 to Mars
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1217694
Wallet address Ethereum: 0xa3B3c84D899898EDffB4C9841B8079D460099242
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