PayPro - A truly decentralized financial market
The financial crisis shows significant losses in the existing financial system while more than 3.5 billion people still have no stock or no limited opportunity to participate in the global economy. Transferring money for remittances or borrowing money across international borders is complicated, time consuming and expensive. The existing system is slow and full of intermediaries, triggering higher exchange rates, weak opponent risk checks, bureaucracy and extensive documents. The recent emergence of cryptocurrencies shows the silver lining to solve this problem. However, consumers and businesses are struggling to capitalize on the benefits of Blockchain infrastructure due to a lack of usability, non-customer centric approaches, and improper application of laws.
What is paypro
PayPro was born in 2015 as an online tool to make payments in 25 currencies that save up to 90% of hidden bank fees. We are governed by the Financial Conduct Authority, collecting two rounds of 750,000 total funds and spending a little over a year on the market. We successfully processed € 500,000 per month, which is not bad at all compared to the start of Kantox or Transferwise, for example.
PayPro is a decentralized bank created to handle a new eco system where its value is represented in a new form thanks to Smart Contracts. Thus, PayPro is a decentralized financial market where each dApp can post its services. We are also developing a Wallet where users can store crypto-currency and ERC-20 tokens.
Once we build PayPro, users will be able to store ETH, BTC or GAS, for example, and use the market to invest in the crowdfunding platform, for example. Similarly, shares received from investments in tokens, will also be stored in PayPro. As a result, all individual crypto and liability assets will be represented on PayPro.
Application is decentralized
The 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:
- Applications that 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 can be adjusted in the protocol. - To access the app and contribute from miners or contributors, a cryptographic token is required.
- Token must be generated as proof of value generated in app.
- Decentralized blockchain should be used to store data and records of operations to avoid a central point of failure.
Future
Going forward where Smart Contracts will be used for many of our daily activities, such as using decentralized computer power, trading or insuring cars, we believe that banking will also be decentralized.
On the one hand, traditional banking services are decentralized thanks to many initiatives coming from all over the world and built on the Ethereal protocol. In our perspective, all of these apps need to be offered through the same general platform as the Android apps offered on Google Play, the user experience will decrease.
On the other hand, users will need a new form to save value due to the increase in smart contract. All tokens originating from contracts and smart currencies should be stored in the same place and therefore a new wallet must be created. This wallet is intended to represent all individual crypto and liability assets.
ICO
We run this ICO to raise the funds needed to start this business. We are looking forward to start working with you on this amazing project.
Token Sales Period
the token will begin on 22 November 2017 at 21:00 GMT and will be completed by December 22 at 21:00 GMT or when the target value of 20,000 ETH is reached.
The exchange rate and PayProToken limit will be sold in 500 PYPs up to 1 ETH. Minimum investment is set at 0.5 ETH. No other crypto currency received.
Pre-sale tokens
A number of tokens will be sold one week before the Release Date. This period will be referred to as the "Pre-sale" period. By participating in pre-sales, investors will enjoy a special discount, which could be an additional token.
Terms to follow Pre-sales are:
- Only by invitation; If you would like to be invited, please contact one of our team members.
- Commitment of at least 15 ETH to qualify.
- The first 600 investors will get 35% bonus.
Allocation
Introducing PayPro Team
The PayPro project is very promising with the correct use of blockchain in financial markets. PayPro project with a good plan and work program. The PayPro team project knows the project's development goals and strategies, the project is very attractive to investors. Project team, they are professionals who know how to apply their knowledge on PayPro project development.
In the PayPro project a very competent concept. PayPro project is quite competitive and interesting. The PayPro project team will be able to implement the plan, and those who join will now be among the investors who will get a good profit, because the project token will get good growth. The PayPro project gives hope for prosperity and success.
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Author: Tedyz
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