PayPro
What is PayPro?
PayPro is a financial marketplace where any Decentralized Application (dApp) will be able to offer its services. Thus, dApps will be competing among them to become your supplier, not the other way around as with banks.
In order to accomplish this goal, we are building first a universal wallet that will be capable to store most popular crypto-currencies and any ERC-20 token. As soon as we have released the wallet, we will build the marketplace.
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.
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.
PAYPRO TOKEN
TOKEN SALE SUMMARY
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
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 5,000,000.00depending on exchange rate.
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 5,000,000.00depending 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.
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.
PayPro Token (PYP) will be the flagship currency in our ecosystem, facilitating transactions within the marketplace. The main purpose of PYPs is that they will be used for political rights and for usage;
TOKEN SALE
When further development is needed from a company, a token created by
the company can be given in exchange of funds.
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 larger number of
reasons why this method can be more interesting than traditional
investment;
main advantage of it is that the company gains quicker access than traditional
founding routes. From an investor perspective, there is a larger 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 with a safe tool for investing anywhere in the world without
the need of getting too involved in local law systems and jurisdiction
conflicts aroused from it.
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:
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
its main promoter, we also expect support from the community in terms of
funding.
must come from the community. Even though our organization is going to be
its 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 fields such as
technology development, payment networks, strategy, compliance and
hence, considerable funding is needed to accomplish our goals.
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.
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.
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.
in the initial sale.
The Smart Contract is set so the delivery of PayPro’s Tokens can automatically
happen right after the ETH are received.
happen right after the ETH are 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.
Maybe that’s all I explain a little about PayPro, more information please click the link below:
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Author: mahi tarabeks
instagram: @mahi97
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