INTRODUCING AN OPEN FINANCIAL PLATFORM WHICH IS PAYGINE

BRIEFLY ANALYZING THE CURRENT SYSTEM.

For years now, cryptocurrency has become a mainstream. Public imagination has been captured by Bitcoin, Ethereum and some others have been able to completely capture the public imagination as well as intrigued investors and consumers as well.There are different levels of operation when it comes to the usage of the system, while some people have started investing in Bitcoin and other cryptocurrencies, just a few persons understand its mode of operation, and very few understand how cryptocurrency can be used as a means of exchange that is digital and also unhackable.
Some of these questions who obviously have a reply of YES are the questions that some blockchain users keep asking.
• Can cryptocurrencies be easily used to purchase goods online either it is online or in a brick-and-mortar retail shop?
• Some ask if they can conveniently carry their wealth on their smartphones every time, while they remain free from theft or loss.
• Others also ask if their smartphone applications can be easily and quickly used to transfer funds to friends across town and even across the globe.
• Some ask as well if they can sell their goods and services online and get payment from anyone in the world with a low-cost currency conversion rate.
• A few others also ask if the promises of the blockchain technology and different offerings of cryptocurrency can be harnessed and used in ways that are practical.

ANALYZING PAYGINE PLATFORM.

Paygine is a financial platform which is designed to offer service that are cryptocurrency-related, offered to both businesses and individuals, which allows an easy, fast and a less expensive transaction of currency on a level of different scenario usage.
The design of Paygine is to help businesses and consumers make use of cryptocurrency, simply and conveniently just like every other currency used in everyday life.
Paygine allows users to operate quickly, easily and securely.
It gives room for individuals to maintain wallets in both cryptocurrencies and fiat currencies, while they also have the ability to convert the funds between them.
They also provide an access to transfer cryptocurrency to and from banks.
Paygine will allow pay in retail shops and online stores making use of cryptocurrency.
Paygine will operate on a minimal cost, while it is carried out worldwide and also with cross-border transfers of any currency.

Paygine will as well be valuable for business users.

It will allow retailers to accept cryptocurrency as a means for the payment of goods and services at their business places or online store.
Paygine is licensed to make use of Pay Engine Limited technologies and products, which have successfully undergone years of testing and successful development, they as well have a proven track record of real-world use and support. Paygine will try all that is within its power to avoid the growing pains and get straight to business.

ANALYZING PAY ENGINE LIMITED AND BEST 2 PAY.

Pay Engine Limited happens to be an international payment processing process which was founded in April 2012 in the United Kingdom. Founders are made up of experts from the banking sector who have provided a wide range of experience to the company including the implementation of successful projects implemented at the American Express.
Best2Pay services today are used by finance and technology businesses, e-commerce and beyond to service about 1.5 million clients every month.
Best2Pay services today are also used by finance and technology businesses, e-commerce and beyond in order to serve over 1.5 million clients every month.
Best2Pay Transfer platform was recognized as the product of the year for banks in 2015.
Best2Pay service has a lot of advantages over competitors which include: speed and simplicity, safety and security as well as cost efficiency.

Best2Pay is a market leader in online repayment of loans.

Paygine system is a system that is designed from the ground up, it is seamless, convenient and operates at a low cost. It is built to overcome the barriers people run into when they begin to use cryptocurrency.

ANALYZING CRYPTOCURRENCY AND BLOCKCHAIN.

Bitcoin which happens to be the first world cryptocurrency was introduced in the year 2009. During the time it was released, it was described as an electronic cash system that is a peer- to- peer system. The essential reason for the existence of cryptocurrency is in order to replace the available trusted third party that exists behind the currency which is the government or the bank.
The reasons why paygine has decided to make use of cryptocurrency is because:
• It is digital, which means that it does not require any physical mailing document.
• It is instant, which means that transactions can be transmitted nationwide within seconds.
• It is also secure, there is a military-grade encryption behind the system which makes it unhackable.
• It is readily available to anyone anywhere.
• There is no central authority that has the right to block transactions or access.

Available obstacles and problems associated with cryptocurrency.

It is no news that the cryptocurrency system has a great advantage over the traditional banking system. Cryptocurrency have been able to help overcome some of the barriers that exist with the traditional banking system and they include:
• The influence of the government and oligarchic.
• The difficulties associated with reaching mutual settlements between companies and entrepreneurs in different countries and regions.
• Slow speed associated with transaction process which does not currently meet the requirements of an online business.
• The absence of transparency in the traditional banking system.
• There is a high cost of service when the traditional banking system is compared with cryptocurrency.
A much as the cryptocurrency system has a lot of advantage over the traditional banking system, there are still some issues associated with the cryptocurrency system and they include:
• The presence of technical barriers which will make the purchase of cryptocurrency a confusing one for new users.
• The absence of enough merchants who accept cryptocurrencies.
• The availability of high fee.
• Security issues with providers of unreliable e-wallet.
• The absence of interactivity with available bank accounts and the funds in fiat currencies.
• The issue with conversion among different cryptocurrencies.

PAYGINE PROVIDES THE SOLUTION.

Cryptocurrencies do not have a convenient and acceptable means of traditional payment like bank accounts, cash and credit cards but paygine hopes to solve this problem by offering a universal platform that is financially opened and it will also connect the cryptocurrency world with the instruments of traditional payments.
Paygine has the intention of buying two banks that have been known to work with cryptocurrencies, one is in Europe and the other is in the Caribbean, this will help them to ensure a stable means of operation on a financial platform that exist around the world.

SIMPLY SUMMARIZING THE FUNCTIONALITY OF PAYGINE.

Individuals and businesses will be able to maintain wallets that hold a mix of their desired currencies and cryptocurrencies with an easy conversion between them to make use of bank card to purchase whatever is required online or in stores around the world, user will as well be able to transfer their money to users and from users all around the world. The use of Paygine will make this a possibility.

Paygine will make use of cryptocurrency in the following ways:

• The building of Paygine DLT, which is a decentralized ledger, it will be used to register all transactions in the system. Every participant of Paygine will receive a unique Paygine ID.• The information will only be available to participants who get involved in transaction and platform administrator. The transaction will then receive a unique code which can be used in obtaining detailed information on the operation in real time.• It will also be used for implementing basic application program interfaces (APIs) which is for accessing paygine DLT services.• Making use of the Paygine-ID, the client will be able to interact with Paygine DLT making use of the provided API. During the first stage, the client will have the access to the information on his or her own transactions and publicly disclosed information.

DISCUSSING OPEN APIS.

Every available service on the Paygine platform will be made available to clients through unified Application Programming Interfaces (APIs).
Paygine will not be in the position to provide services directly to individual, it would rather work with financial technology companies, internet shops, and financial service providers and also aggregator sites, these people will, in turn, provide services to their own customers.
Paygine will not compete with a client, it would rather help clients to develop their businesses.

THE WHITE LABEL SERVICE.

White label opens new opportunities for big companies as well as start-ups.
Every paygine service has been based on the principle of the white label. The model of the white label will enable start-ups to have a faster evolvement, for the introduction of new products, to gain access to a wide audience, its model is also flexible enough to succeed in most of the business industries.

HERE ARE THE TARGETED CLIENTS.

• A peer-to-peer aggregator platform which integrates people to sell products or provide direct services without any intermediary.
• For companies that create wallets and crypto-wallets.
• People who provide solutions for the transfer of international money on the basis of cryptocurrency.
• Internet shops and services.
• Platforms that are for exchanges and trading.
• The fin-tech companies.

AVAILABLE SERVICES ON PAYGINE.

• The availability of an electronic wallet: the electronic wallet is the perfect tool of payment for those who earn or spend money online.
The solution provided by Paygine is to aggregate exchanges through a unified API, this will allow the system to work with exchanges of interest, while they create their own rules and financial schemes without any regard for abstract liquidity.• The availability of exchange between cryptocurrencies and fiat currencies.
• The process of issuing cards that are linked to account in fiat or cryptocurrency.
• There will be a payment for merchants who accept cryptocurrency.
• The service to transfer money.
• The provision of a peer-to-peer service.
• The availability of depositing and withdrawing without stress.

THE STAGES OF DEVELOPMENT.

The Paygine platform will go through three development stages and they include:
• The first stage and first phase will be for replicating and adapting existing technologies and services which are operating successfully on the European market, under the brand of Paygine.
The first stage and second phase, will be the developmental stage will involve buying two banks and they are Paygine bank in Europe and Paygine bank in Caribbean.• The second phase will focus mainly on fintech companies that have the desire to work with customers that exist around the world.• The third developmental stage will entail a great increase in transfers within and between countries where clients carry out their business.

THE ROADMAP FOR PAYGINE.

The first stage will be for 36 months. During this period, banks will be bought, there will be an implementation of the core system, updating a peer-to-peer system and others.
The second stage will go on for 36 months. During this period license will be obtained in every state, there will be a money transfer (MT) software, integration with an external system, there will also be the development of operational documentation and the procedure of AML.e.t.c.
The third stage will run for 30 months and it will include the opening of Paygine bank representative offices in the Southeast of Asia and US, the connection of offices to the system paygine core bank system and so on.

PAYGINE’S ICO.

ANALYZING THE INITIAL COIN OFFERING.

Founders will hold ICO, in order to raise funds necessary to develop the Paygine platform.
There will be two stages to the ICO and it will be offered with a maximum discount.
The purchase currency could be in BTS, ETH or even fiat currencies.
The minimum amount required to launch the project is $3,000,000.
The maximum amount is $30,000,000.

THE DESCRIPTION OF TOKEN.

PGC token is going to be the basic fundamental tool on the Paygine platform, it can be purchased through the sale of ICO.
A finite number of tokens which is (151,750,000) will be generated and there will be no additional issued token.

THE POLICY OF PGC TOKEN.

• The platform will give services to the entity, but this is only by a determined value which is to be calculated by the platform.
• The paygine platform will allow users make use of PGC tokens as a means of payments to client’s service or goods.
• As soon as the PGC token becomes popular and it gains liquidity, it will be used as an internal currency in the system of money transfer on the constant basis of the Paygine platform instead of BTC or ETH.

THE DISTRIBUTION OF PGC TOKEN.

The total distribution of the PGC is 151,750,000 which is 100%.
The distribution for Initial Coin offering will be 42,699,608 which is 28.14%.
86,550,392 will be kept as reserved which is 57.03%.
The team will have 22,500,000 which is 14.83%

ICO TOKEN DISTRIBUTION.

The pre-sale of Tokens will have 1,218,000 which is 2.85%.
The ICO will have 70.26% which is around 30,000,000.
24.1% which is 10,290,000 will be reserved for bonuses.
2.79% which is about 1,191,608 will be for bounty.

BONUS.

The bonus will be given based on the time and the size of the investment. The investors who came earlier will receive a larger bonus.

THE USE OF PGC TOKENS.

• The PGC token is the key to the use of the Paygine platform Application.
• The payment for the service of the platform by entities will have an additional discount from 10% to 30%.
• It is an internal technical currency which ensures global remittances on the platform.

SOURCE

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AnnAuthored by: geeboy88
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