PayPro is a decentralized bank made for managing another eco-system where esteem is spoken to in new structures on account of Smart Contracts.
PayPro is a decentralized bank made for managing another eco-system where esteem is spoken to in new structures on account of Smart Contracts. Therefore, PayPro is a decentralized money related commercial center where any dApp can post its administrations. We are additionally building up a Wallet where clients will have the capacity to store digital forms of money and any ERC-20 token.
After we have assembled PayPro, a client will be fit for putting away ETH, BTC or GAS, for example, and utilize the commercial center for putting resources into a crowdfunding stage, for example. Moreover, the offers got from that interest in the type of tokens, will be likewise put away at PayPro. Because of that, all the crypto-resources and liabilities of an individual will be spoken to in PayPro
WHAT IS dApp ?
PayPro’s commercial center will be worked as a decentralized application, additionally known as dApp. As per David Jonhston, a dApp must meet a few criteria in request to be considered all things considered:
- The application must be produced open-source, it needs to work self-governingly and the larger part of tokens can not be controlled by an element. Additionally, proposed upgrades and market criticism might be adjusted in the convention.
- keeping in mind the end goal to get to the application and to compensate any commitment of esteem from mineworkers or patrons, a cryptographic token is fundamental.
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- Tokens must be created as evidence of the esteem produced to the application.
- A decentralized Blockchain must be utilized to store information and records of operation keeping in mind the end goal to dodge any main issue of disappointment.
WALLET
PayPro will accept most forms of cryptocurrencies. Using Ethereum will allow users to store at least the 100 most used currencies by transaction volume per day. Of course, PayPro Token will be our main currency and will be easily exchanged with any other currency. So far, we have developed an iOS app that allows to store BTC, but this is just a proof of concept made for user experience purposes.
You can download it on the AppStore here:
MARKETPLACE
On the one hand, users will be capable of using their PayPro Tokens, also known as PYPs, for buying any service in the marketplace. These services will range from loans or credits to investments. Once the user will have spent its PYPs, a token will be received and stored on the application as a result of using a Smart Contract. For instance, if a user wants to invest in a crowdfunding platform, he can browse for crowdfunding platforms, select a campaign, pay in PYPs and store the token received in exchange on PayPro.
On the other hand, suppliers can submit their services to the marketplace. By using smart contracts, we can ensure that all transactions are made in a secure and efficient way. All suppliers will be rated by the users so the best suppliers can be recommended and the worst can be ruled out. By implementing this ratingsystem we can avoid centralization and thus guarantee that services are client-focused and not the otherwise.
PAYPRO TOKEN
PayPro Token (PYP) will be the lead money in our ecosystem, encouraging exchanges inside the commercial center. the structures for taking choices will be set by PayPro as primary promoter and group for token holders. we recognize the way that making compulsory for our clients to be always purchasing PayPro tokens may lessen the client encounter. thus, we will exploit the advancement of our door to permit the trade from client’ existing-assets to PayPro tokens consequently every time the clients need to pay expenses. Issuing our own particular Token will permit financial specialists from everywhere throughout the globe to join PayPro. These financial specialists will have early access to PayPro’s Token at its creation. As the quantity of tokens will be constrained, we anticipate that the cost will raise as long as the request increments. However, later on our Token will be exchanged on every significant trade as BTC or ETH are today. We expect our Token to end up noticeably broadly utilized even outside our application as the group
develops.
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
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.
TEAM
The founders team has been working together for the last 3 years, so we already a solid team. It is made of 3 founders who cover Blockchain, technology and strategy.
- Pablo Ruiz, CEO: https://www.linkedin.com/in/ruizferrer
- Gabriel Llambias, CFO: https://www.linkedin.com/in/gllambias/
- Enric Giribet, CTO: https://www.linkedin.com/in/enric-giribet-us%C3%B3-a0159b31/
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