PayPro - First Bank With Decentralized Application


PayPro (SITES) 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 Wallet where users will be able to store crypto-currencies and any ERC-20 token. (PayPro Announcement)

PayPro was born in 2015 as an online tool for making payments in 25 currencies saving up to 90% on hidden bank fees. We got regulated by the Financial Conduct Authority, raised two funding rounds of €750,000 in total and spent a little bit more than a year in the market. We managed to process € 500,000 per month, which is not bad at all compared to the early beginnings

After we have built PayPro, a user will be capable of storing ETH, BTC or GAS, for instance, and use the marketplace for investing in a crowdfunding platform, for instance. Likewise, the shares received from that investment in the form of tokens, will be also stored at PayPro. As a result of that, all the crypto-assets and liabilities of an individual will be represented in PayPro.

of Kantox or Transferwise, for instance.

Decentralized application

PayPro’s marketplace will be built as a decentralized application, also known as dApp. According to David Jonhston, a dApp must meet some criteria in order to be considered as such:

- The application must be developed open-source.
- In order 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.
- A decentralized Blockchain must be used to store data and records of operation in order to avoid any central point of failure.

Initial Coin Offering (ICO)

Because PayPro is a complex challenge, we are yet to develop it. Though, all the code will be open source and we expect the community to join us on itsdevelopment. We are running this ICO in order to raise the necessary funds to kick it off. We are looking forward to starting working with you on this amazing project, please visit http://www.payproapp.com/


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.

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 currencies.

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 fromloans 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, facilitating transactions within the marketplace. The main purpose of PYPs is that they will be used for political rights and for usage;

Political Rights

- Voting on technical design: the community can propose a new technical design to modify, add or remove elements from new versions of the protocol.

- Voting on monetary policy: Whereas PayPro will set the initial inflation rate, token holders will be capable of adjusting our Token inflation up or down (within a range).

In both case, the frameworks for taking decisions will be set by PayPro as main promoter and cluster for token holders.


TOKEN SALE SUMMARY
  • Name  : PayPro Token
  • Symbol : PYP
  • Pre-sale period : January 8th to January 15th, 2017
  • Pre-sale terms : Min investment of 15 ETH
  • Pre-sale bonus : Bonus of up to 35%
  • Main Sale period : January 15th to January 31st
  • Main sale terms : Min investment of 0.5 ETH
  • Main sale bonus : - 1st 24 hours 20%, 1st week 15%, 2nd week 10%
  • Exchange rate : 1 ETH = 500 PYP
  • Limits : 20,000 ETH (Hard Cap) or EUR 5,000,000.00 depending on exchange rate.
  • Accepted currencies : ETH only
  • Token holder benefits : Decision & Economic rights.
  • % of Token sold : 40%
  • Nationality : Anyone except Singapore, Estonia and the US due to legal restrictions or countries trade sanctioned by the US.

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 automatically happen right after the ETH are received. More visit HERE.

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 occur immediately after the ETH is sent. The token sale will start on November 22th, 2017 at 21:00h GMT and will finish on December 22th at 21:00h GMT or whenever the target value of 20,000 ETH is reached.

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 either additional tokens.

The conditions to 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%.



CLICK LINK BELOW FOR MORE INFORMATION
PayPro SITE                        ANNOUNCEMENT


ETH Addr :  0x0243E433ee123cDB927e22e99FA31D0d34195A38

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