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 ERC-20 tokens crypto-currencies and any token.
This wallet is designed for ease of use, minimalistic design and flexibility. Most importantly, it gives the possibility of control over the private key. The project team constantly adds support for new altcoins, for example there is a wallet Jaxx which has about 14 different cryptocurrencies in it. There is no need to export and save the private key for each of them — it is enough to backup only one seed-phrase, consisting of 12 words. Using this phrase can suddenly restore all wallets, as well as the available balances.
PayPro is a decentralized financial-marketplace made for dealing with a new eco-system where value is represented in new forms thanks to Smart Contracts. They aim at creating the first application where users can use their wallet to store tokens representing any asset and trade with them in a financial-marketplace.
Their 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 their marketplace.
They have already built a proof of concept for storing BTC that it is available on the AppStore.
After the wallet has been built, they 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.
HOW IT WORKS?
Cryptocurrency wallet is the equivalent of a physical wallet on the network of cryptocurrency. The wallet contains your private key (keys) that allows you to spend cryptocurrency posted in the blockchain. Each wallet shows the balance of all assets that it supports, and allows you to make transactions in specific amounts to a specific person.
The private key is a secret piece of data that proves your right to spend cryptocurrency in a specific wallet through a cryptographic signature. Your private key (s) stored on your computer, if you use a software wallet stored on remote servers if you use an online wallet. Public disclosure of the key can lead to loss of your money. You should carefully store the private keys to your digital assets.
This approach undoubtedly provides a secure way to store digital currencies, because each of these wallets gives the possibility of control over the private key. If the latter be kept in a secure place (e.g. hard copy and/or save to a flash device, which is always offline), you can be 100% confident in the safety of digital savings.
But!
Number one — the multiple wallet is inconvenient.
Number two — for each of them to store a unique key seed phrase (which will be the private key).
How many digital currencies — so many unique phrases. If you lose one, you will be lost and the entire digital currency of the relevant wallet.
THE 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.
WHERE TO FIND WALLET?
PayPro will accept most forms of crypto-currencies. 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: https://itunes.apple.com/ua/app/paypro/id1225181484?mt=8&l=ca&ign-mpt=uo%3D4
Market place (Not available until July 2019)
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.
PAYPRO TOKEN
PayPro Token (PYP) will be the flagship currency in our ecosystem, facilitatingtransactions within the marketplace. The main purpose of PYPs is that they will be used for political rights and for usage;
Political Rights
Usage
PayPro Role
Mougayar Test
TOKEN SALE
What is a Token Sale?
When more 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 small 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 a safe tool for investing anywhere in the world without the need for getting 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:
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 the 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 of fields such as 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.
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.
The Smart Contract is set so the delivery of PayPro’s Tokens can be automatically happen after the ETH is 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.
The delivery of PayPro Tokens (PYP) from the Smart Contract will happen immediately after the ETH is sent.
Token sale period
The token sale will start on November 22nd, 2017 at 21:00 GMT and will finish on December 22th at 21: 00h GMT or whenever the target value of 20,000 ETHIS reached.
Pre-sale tokens
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 additional tokens.The conditions for join the Pre-sale are:
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 the 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 services 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 issuin.
However, the largest part of this investment will be allocated to hiring back-end developers (LAMP)
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WEBSITE: https://www.payproapp.com
WHITEPAPER: https://drive.google.com/file/d/1YGg8kErFsCY_oSI9hDf7hAXS4PMiW86v/view
ANN THREAD: https://bitcointalk.org/index.php?topic=2460780
TELEGRAM: https://t.me/payproico
FACEBOOK: https://www.facebook.com/thepaypro
Username Btalk:Celin23
Btalk link:https://bitcointalk.org/index.php?action=profile;u=1382509;
Wallet ETH:0x1060C87081B6221acC9cE11c7e15DA9526456981
