Hi Steemians,
With the changing trend of Crypto World, All of us are seeing new currencies launching day by day, No of currencies listed on coinmarketcap.com today are 1960, which is still growing daily, we have thousands of crypto coins and token in the market these days, But being crypto enthusiast what we do is find the most suitable project and look for new great ideas, Blockchain world have emerged so quickly that nowadays we have everything powered by blockchain including gadgets, alcohol and much more.
Today I have found another great and new idea that is ready to hit the market and that is PAYBLOK (PBLK)
WHAT IS PAYBLOK?
In simple words, PayBlok is a token off-course, which offer supply chain to execute B2B (business to business) transaction and is powered by InstaSupply Platform.
WHAT IS INSTASUPPLY PLATFORM
InstaSupply is an asset management platform that handle business transactions between business under secure and fair environment. The platform is however not newly launched, it is launched in 2015 and is already in use by more than 2300 businesses.and more then $60,000,000 worth of transactions are handled annually.
The company is registered in England, with the complete address and registration number on their website. The Platform is simply awesome and doesn't require any introduction.
PayBlok Focus.
The primary focus of PayBlok is to help Businesses to eliminate and flow and management problems.
The B2B transaction are totally different from P2P transactions. In P2P transaction one person pays and the other on receives the money (token or asset). While in B2B transactions there are certain obligations like exchange or delivery of goods or any other thing depending on the nature of trade, which need to be closely monitor in order to complete obligations from both sides on time.
Another important issue that is often faced is the delayed payment by businesses.
Their white paper have detailed information, including data from different regions of the world.
PayBlok provide solution by creating a business between buyer and supplier/seller and monitor everything including (order, delivery and payment).
And the best part is that the process is automated to avoid any delays.
INCENTIVES
PayBlok also offers incentive to their users from 0.5% - 1% , which will we given in form of PayBlok Token.
PayBlok Token
PayBlok is going to be an ERC20 token, which is an Ethereum ecosystem.
The token system eliminates further risks of ownership and trading as well.
A centralized virtual wallet will be built under the InstaSupply platform.
DISTRIBUTION
60% of tokens (150,000,000) are available for token sale.
Rest of the 40% are reserved for Rewards, Programs, Bounties and Future Use.
The complete Distribution chart and roadmap can be seen on PayBlok Whitepaper
OPINION
The details provided in their whitepaper shows proper plans and uniqueness of the project on the other hand.
The name InstaSupply is itself reliable platform so the the authenticity of project can not be questioned.
I personally want to be part of such new project and concepts.
Note: This post is based on my own view and is not an investment advice
Here is the official link to their Website
Follow InstaSupply Twitter account
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