PayPro Is The First Banking Platform

PayPro was born in 2015 as an online payment savings medium in 25 currencies up to 90% on hidden bank fees. We arranged by the Financial Conduct Authority, raised funds from two rounds of € 750,000 and spent a little over a year on the market. We manage to process € 500,000 per month, this is not bad at all compared to business startups from Kantox or Transferwise for example. From that experience, we finally learned that industry payment / banking is completely out of date. Thus, we soon realized that we should make a step forward if we were to offer a value proposition that made little sense if we wanted to change industry. This is why we started listening to the market, talk to industry experts and do a lot of testing research. That’s how we created PayPro: the first bank building decentralized.

When Bitcoin emerges as an alternative model payment pyramid network makes very many people are amazed in this industry by promising a very new decentralized payments network. This called the second internet revolution. However, Blockchain is still found. With the rise of Ethereum, we found that Blockchain is not only meant to change the current payment network but also to changing our entire ecosystem. The same Blockchain principles can be applied to property ownership, digital identity, supply chain, insurance or clinical trials. As an example from our perspective, a new understanding of how this Blockchain can be used thanks to smart contracts will be the starting point for creating a Digital Legal System. This paradigm will create new needs that will be seen for solutions current. At PayPro, we strongly believe that the future is very close and with that, we want to position ourselves on the front lines with providing a solution that will facilitate the transition of the old paradigm to a new paradigm.

PayPro is a decentralized bank created to deal with new ecosystems where values are seen in new forms thanks to smart contracts. With so, PayPro is a decentralized financial market where dApp can post its services. We are also developing Wallet where users can store Crypto and ERC-20 tokens. Once we build PayPro, users will be able to store ETH, BTC or GAS, and use the market to invest in the crowdfunding platform, as well as the shares received from the investment are in the form token and stored in PayPro. As a result, all individual crypto and liability assets will be represented on PayPro.

Decentralized apps

The PayPro market will be built as a decentralized app that is also known as dApp. According to David Jonhston, dApp must meet some criteria to consider:

Applications should be developed open-source, it must be operated autonomously and the majority of tokens can not be controlled by unity. Too proposed improvements and possible feedback from markets adapted in the protocol.

In order to access the app and to acknowledge the contribution of any value from miners or contributors, a cryptographic token is required.

Tokens must be generated as proof of the resulting value to the application.

Decentralized blockchain should be used to store data and records of operations to avoid the focal point of failure.

Initial Coin Offer (ICO)

Because PayPro is a complex challenge, we have not developed it yet. Though all the code will be open source and PayPro hopes the community can join in the development. Paypro runs ICO to raise the funds needed to start this business. PayPro is looking forward to getting to work with you in this amazing project.

Goal PayPro In the future where Intelligent Contracts will be used for many of our daily activities, such as using decentralized computer power, trading or insuring cars, we believe that banking will also be decentralized. On the one hand, traditional banking services are decentralized thanks to the many initiatives coming from all over the world and built on the Ethereum protocol - some of which can be traced here: https: /www.stateofthedapps.com. In our perspective, all of these apps need to be offered through the same general platform as Android apps offered on Google Play, otherwise the user experience will be reduced.

On the other hand, the user will need a new form to save the value due to the increase of the smart contract. All tokens originating from contracts and currencies need to be stored in the same place and therefore a new wallet form needs to be created. This wallet is intended to represent all individual crypto and liability assets.

As a result, if our market succeeds in collecting universal crypto wallets and financial markets in the same place, then we will create the first decentralized bank application where users can store and manage all their crypto assets, ranging from currency storage, loan or investment.

PRODUCT

We understand that the core functionality of PayPro must be the capacity to store currency values and spend them. Otherwise, there is no point in saving the value if it can not be used. Therefore, we have built the first banking platform.

Purse PayPro will accept most forms of crypto currency. Ethereum use will allows users to save at least 100 most of the currency used in daily transaction volume. Of course, PayPro Token will be our primary currency and will be easily exchanged for other currencies.

Market On the one hand, users will be able to using their PayPro Token, and also known as PYP to buy any service on the market. This service will range from loan or investment credit. As soon as the user want to use their PYP, a token will be received and stored in the application as a result of the use of Smart Contract. On the other hand, project suppliers can submit their services to the market. By using smart contracts, we can ensure that all transactions are made safe and efficient. All suppliers will be rated by users so the best suppliers can be recommended and the worst can be set aside. By applying the rating system we can avoid centralization and thus ensure that the service focuses on the client rather than the other way around.

Decentralized Apps

DApp management

We strongly believe PayPro has no ownership rights over dApp. Otherwise, the essence of dApp will be corrupted. Of the 100% token that is distributed, we distribute 40% of that amount to ICO. Although we were asked about the possibility of burning the remaining tokens, we believe that the token holder may not prioritize for long-term goals and solely for speculation. As David Jonhston recommends, dApp ownership becomes less and less centralized after the token distribution through fundraising and collaboration. Following Jonhston’s scope, dApp ownership is further distributed to participants with more diverse and intensified skills make a useful contribution. Also, those who appreciate that token transferred most with them through market power. This ultimately promotes further dApp development by people who can help in many areas of expertise they have. By therefore, we understand that our task is to progressively waive the wisdom not only when PayPro requires funding, but also as long as people prepare for it.

Summary of Token Sales

PayPro Token Name PYP symbol

Pre-sale Period January 8, 2017 to January 15, 2017

Pre-sale Time Minimal

Investment 15 ETH

Bonus Pre-sale, Bonus up to 35%

The Main Sale Period is January 15th through January 31st

Left Main sale Minimal Investment 0.5 ETH

Bonus Main sale 24 hours first 20% 1 week 15% 2 weeks 10%

Exchange Rates 1 ETH: 500 PYP

20,000 ETH (Hard Cap) or EUR 5,000,000.00 limit depending on the exchange rate.

Currency received by ETH

Benefits Holders of Right Decision & Economic Rights

% of Tokens sold 40%

Nationality Participants Everyone except Singapore, Estonia and US because of legal restrictions or sanctions country trade agreed upon by the US.

Token PayPro

PayPro Token (PYP) will be the main currency in our ecosystem and facilitate transactions on the market.

The main purpose of PYP is to be used for political rights and use;

Political Rights - Voting on technical design: the community can submit technical design new to modifications, adding or removing new elements from the protocol version. - Voting on monetary policy: PayPro will set the initial inflation rate, the token holder will be able to adjust our rising Token inflation or down (in range). In both cases, the decision-making framework will set by PayPro as the main promoter and cluster for the token holder.

Use All services offered in the market and all transaction fees will be charged in PYP due to the potential for more currencies that will be supported by the app, we have to decide which will be accepted to charge all costs and for the market to be simplified. True if ETH can be a good candidate, but we are reluctant to rely on it because of the fact that we do not share Ethereum is the ultimate winner for Smart Contract. Other businesses such as Neo (AntShares) also offer interesting opportunities that are very likely to succeed in the mid-media.

PayPro Role As a private entity, PayPro will not have any type of property or the like in there market - in fact PayPro will have an open source MIT software license. Our interest is just to make it grow and utilized by the community. To do so, we are responsible for providing support to the community. Nevertheless, we are will hold a number of tokens after the ICO. We will use this token to finance our organization and still create value for our community including its users, investors, developers and shareholders.

Token Sale

When further development is required from the company, tokens made by the company can be provided in the form of exchange of funds. Benefits of double token sales; from a corporate perspective, the main advantage is that the company gains access faster than the route traditional investment. From the perspective of investors, there are many reasons why this method can be more attractive than traditional investment;

While traditional funds consist of stock exchange with money, which in many cases can not be traded, mostly tokens can resell the market anytime at the right time. With do this, investors can allocate their resources within more liquid assets.

There is an increasing number of individuals who are mostly exposed to currencies crypto and hence there is a need to generate levels return of profit in the ecosystem.

It provides a safe tool to invest anywhere in the world without the need to be too involved in the local legal system and conflict of emerging jurisdictions.

Why ICO?

Because we truly believe that PayPro is made as a global change, we also believe that it must be understood by the global community for a number of reasons:

as a decentralized app, it’s very natural for us that its conception must come from society despite our organization will be its main promoter, we also expect support from the community in terms of funds.

we face major challenges in a number of areas such as technology development, payment networking, strategy, compliance ... and therefore, a substantial amount of funding is needed to achieve our goals.

PayPro Token (PYP) is the core of our network. PYP will be the main crypto currency of our network and will also be used to handle our partners as well as to fill all the services available on the network.

Making Token

The ERC20 standard is used for all Tokens in Ethereum 20,000 ETH will be placed and 40% of all PayPro Tokens will be circulated on the initial sale. Smart Contracts are set so that PayPro Token delivery can automatically take place right after ETH is received. Token allocation is as follows:

5% will be distributed to the community from time to time as rewards for R & D and gifts.

15% is allocated to initial investors & supporters of future partnerships front.

20% is reserved for the current team and most importantly, the future team motivation packs.

The last 20% will be held by PayPro, under surveillance society, to achieve future sustainability through the distribution of network revenue.

Token Sales Period

Token sales will start on January 8, 2017 at 21:00 GMT and will be completed by 31 January at 14:00 WIB or when the target value of 20,000 ETH is reached.

Limit and Exchange Rate

PayPro Token will be sold in 500 PYP to 1 ETH. Minimum investment is set at 0.5 ETH. No other crypto currency received.

Pre-Sales Token

A number of tokens will be sold one week before the Release Date. Period this will be named as the "Pre-sale" period. By participating in pre-sales, investors will enjoy special discounts, which can in the form of additional tokens.

Terms to follow Pre-sales are:

Only by invitation; If you would like to be invited, please contact anyone of us team members.

Commitment of at least 15 ETH to qualify.

The first 600 investors will get 35% bonus.

Bonus

If investors can not invest in pre-sale tokens, they can still enjoy bonuses through the following methods:

During the first 24 hours, token bonus is 20%. -

During the first week, token15% bonus.

During the second week, token bonus 10%.

Token offered through ICO-40% . Funds raised will be used to finance development platform for the next 4 years.

Team