PAYPRO - services technology through a decentralized application in financial markets
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, auser 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.
Decentralized application
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.
On the other hand, users are going to need new forms of storing value due to the raise of smart contracts. All tokens coming from smart contracts and currencies need to be stored at the same place and hence, a new form of wallets need to be created. These wallets are meant to represent all the crypto-assets and liabilities of an individual.As a result, if our marketplace manages to gather a universal crypto-wallet and a financial marketplace in the same place, we will have created the first decentralized bank-alike application where users will be capable of storing and managing all their crypto assets, ranging from storing currencies, loans or investments.
What Is DAPPS ?
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:
1. 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.
2. 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.
3. Tokens must be created as evidence of the esteem produced to the application.
4. 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.
PRODUCT
We understand that the core functionality of PayPro has to be its capacity to store currency-value and spend it. Otherwise there is no point of storing value if it can not be used. For that reason, we have built the banking platform first.
1.Wallett: Our first stage of development after closing the Token Sale will consist on integrating Ethereum in order to build a Wallet. This wallet will be capable of storing all major crypto currencies and all tokens bought at our marketplace.
2. Market place : After the wallet has been built, we will start working on a marketplace where any decentralized financial-application will be capable of easily submitting their service to the portfolio. Users will rate and review services in order to create a ranking of suppliers.
TOKEN SALE SUMMARY
TOKEN SALE
When further 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 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.
Token sale period
The token sale will start on November 22th, 2017 at 21:00h GMT and will finish on December 22th at 21:00h GMT or whenever the target value of 20,000 ETH is reached.
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.
Token pre-sale
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 either additional tokens.
- 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 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% As explained, paypro currently relies on an integrated solution offered by one only supplier that implies expensive fees 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 issuing. However, the largest part of this investment will be allocated to hiring back- end developers (LAMP).
Growth 30%
Even though there is going to be a long journey until the product is released, we are aware of how difficult is to earn the first users and hence, we are saving a large part of the funds raised to invest in growth. This amount will be invested in Google Adwords, Facebook Ads and in an Affiliate Program. It also includes hiring a top-tier Chief Marketing Officer who will be in charge of designing and executing the strategy.
Other expenses 30%
Including all payments needed to keep the organization working, such as management salaries, rent, utilities, servers or computers.
Timeline
TEAM
for more information about paypro please visit the following link:
username : BUNSEL
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