Assalamualaikum wr wb,
Meet me Andie Kisno who will discuss the world of Cryptocurenccy, When Bitcoin emerges as an alternative to the current pyramid payment network, everyone is amazed by the industry by promising a new decentralized payout network.
PayPro is a decentralized bank made for dealing with a new eco-system where value is represented in new forms thanks to Smart Contracts.
PayPro is a decentralized financial-marketplace where any App can post its services.
According to David Jonhston, a dApp must meet some criteria in order to be considered as such
(a)The application must be developed open-source, it has to operate
autonomously and the majority of tokens can not be controlled by an entity.
(b) 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.
(d) A decentralized Blockchain must be used to store data and records of operation in order to avoid any central point of failure.
PayPro was born in 2015 as an online tool for making payments in 25 currencies saving up to 90% on hidden bank fees.
On the one hand, traditional banking services are being decentralized thanks to many initiatives coming from all over the world and being built over the Ethereum protocol.
A new form of wallets need to be created. These wallets are meant to represent all the crypto-assets and liabilities of an individual.
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.
These services will range from loans or credits to investments.
Decentralized application,
By using smart contracts, we can ensure that all transactions are made in a secure and efficient way.
By implementing this rating system, to avoid centralization and thus guarantee that services are client-focused.
Out of 100% of the issued tokens, we are only distributing 40% of them on this ICO. and less centralized after having distributed its tokens via fund-raising and collaboration.
Nevertheless, we acknowledge the fact that making obligatory users to be constantly buying PayPro tokens might diminish the user experience. for this reason, we will take advantage of the development of our gateway to allow the exchange from user’ existing-funds to PayPro tokens automatically every time the users need to pay fees.
These investors will have early access to PayPro’s Token at its creation. As the number of tokens will be limited, we expect the price to raise as long as the demand increases.
As a private entity, PayPro will not have any kind of property or similar on the marketplace -actually PayPro will have a MIT open-source software license.
Second of all, we are facing a great challenge in a number fields such as
technology development, payment networks, strategy, compliance.
Furthermore, 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;
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.
With the increase in etereum, we found that Blockchain not only implicitly changed the current installment setting but also changed our entire biological system. Similar Blockchain standards may be associated with property ownership, advanced characters, store chain, protection or clinical trials, for the case.
What is paypro?
PayPro is a decentralized bank created to manage other eco systems where prices are given to new structures because of Smart Contracts. Therefore, PayPro is a commercial center associated with decentralization where each dApp can post its administration. We are also building a Wallet where clients have the capacity to store digital money forms and sign the ERC-20.
What is dApp?
PayPro's commercial center will work as a decentralized app, also known as dApp. As per David Jonhston, a dApp must meet several criteria to consider for all things to consider:
Applications must be produced open source, need to work by itself and the larger token part can not be controlled by the elements. In addition, proposed upgrades and market criticisms may be adjusted in the convention.
Keeping in mind the ultimate objective of obtaining the application and to compensate for award commitments from miners or customers, the cryptographic token is critical.3 - Token must be made as proof of appreciation generated on the application.
Decentralized blockchain should be used to store information and records of operations keeping in mind the ultimate goal to avoid major disappointment issues.
PURSE
WALLET
Purse Using Ethereum will allow users to store at least 100 of the most used currencies with volume of transactions per day. Develop an iOS app that allows to store BTC, but this is just proof of concept created for the purpose of the user.
PayPro Token, also known as PYPs. This service will range from loan or credit to investment. After the user has spent his PYP, a token will be received and stored in the application as a result of using the Smart Contract. By using smart contracts, we can ensure that all transactions are done in a safe and efficient manner.
TOKEN
PayPro Token (PYP) will be the lead money in our ecosystem, encouraging exchanges within the commercial center. the structure for selecting options will be set by PayPro as the main promoter and token holder group. we recognize how to make mandatory for our clients to always purchase PayPro tokens can reduce client encounters. Thus, we will utilize our door progress to permit trading from existing client assets to PayPro tokens consequently each time the client needs to pay a fee.
Publishing our custom token will allow finance specialists from anywhere in the world to join PayPro. This financial specialist will have early access to Token PayPro at the time of manufacture. As the number of tokens will be limited, we anticipate that the costs will increase as long as the increase in demand. However, then our Token will be redeemed for any significant trade like BTC or ETH at this time. We hope our Token ends are widely used even beyond our application as a group
SUMMARY TOKEN SALE
PayPro Token Name
PYP symbol
The pre-sale period is January 8 to January 15, 2017
Pre-sale term Investment min 15 ET
Bonus pre-sale bonus up 35%
Main Sales period January 15 — January 31
The main sales term Investment min 0,5 ET
Major sales bonus 1 24 hours 20%
First week 15%
Second week 10%
Exchange rate 1 ETH: 500 PYP
20,000 ETH limit (Hard Cap) or EUR 5,000,000.00
depending on the exchange rate.
Currency received only for ETH
Beneficiary Token for economic decisions & rights.
% Token sold 40%
Nationality Anyone except Singapore, Estonia and
US due to legal or state restrictions
trade approved by the US.
Making Token
The ERC20 standard is used for all Tokens made in Ethereal. 20,000 ETH will be placed and 40% of all PayPro Token will be issued in the initial sale. Smart Contracts are set so that PayPro Token shipments can happen automatically right after ETH is received. Token allocation is as follows:
- 5% will be distributed to the community from time to time in return
for R & D and bounties. - 15% is allocated to initial investors & supporters and future partnerships.
- 20% reserved for the current and most important team, the future
team motivation package. - 20% final will be held by PayPro, under community supervision,
to achieve future sustainability through the distribution of network revenue.
Delivery of PayPro Token (PYP) from Smart Contract will occur
as soon as the ETH is sent
Roadmap
- November 2017 | Proof of concept release: iOS apps capable of holding and spending BTC are released into the market.
- December 2017 | Project Management: we will spend 1–2 months to plan development.
- February 2018 | Kick-off: all necessary recruitment and collaboration will be undertaken and construction will begin.
- February 2018 Ethereum integration: Integrated etereum wallet so users can store all major tokens in our wallets.
- July 2018 | Marketplace Launch: we will launch our own VISA Card so that users can spend it on BTC or ETH above USD, EUR, or GBP.
Team
The founding team has worked together for the last 3 years, so we’ve become a solid team. It’s made up of 3 founders covering Blockchain, technology and strategy.
Pablo Ruiz, CEO: https://www.linkedin.com/in/ruizferrer
Gabriel Llambias, CFO: https://www.linkedin.com/in/gllambias/
-Enric Giribet, CTO: https: // www .linkedin.com / in / enric-giribet-us% C3% B3-a0159b31
Up here first understanding of PayPro, For more information you can visit some links listed below:
Website: http://www.payproapp.com/
Ann Thread : https://bitcointalk.org/index.php?topic=2352783
Twitter : https://twitter.com/thepaypro
Facebook : https://web.facebook.com/thepaypro
Medium : https://medium.com/tag/paypro/lates