PayPro - The World's First Bank Launched With Decentralized Apps

PayPro is a decentralized bank made for managing another eco-system where esteem is spoken to in new structures on account of Smart Contracts. Therefore, PayPro is a decentralized money related commercial center where any dApp can post its administrations. We are additionally building up a Wallet where clients will have the capacity to store digital forms of money and any ERC-20 token.

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 of Kantox or Transferwise, for instance.

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.

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, it has to operate autonomously and the majority of tokens can not be controlled by an entity. Also, proposed improvements and market feedback may be adapted in the protocol.
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 its development.

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.

the market will be built as the PayPro decentralized applications, also known as dApp. According to David Jonhston, a dApp must meet several criteria in order to be considered as follows:

Applications should be developed open-source, should operate autonomously and the majority of the token cannot be controlled by a single entity. Also, the proposed improvements and market feedback may occur Adapted in the Protocol.
to access the application and gives recognition of the contribution of miners or contributors, cryptographic token is required.
The Token must be produced as proof of the value generated on the application.
Blockchain decentralized must be used to store data and notes the operation to avoid a central point of failure

PayPro pre-sale will begin on January 8, 2018.

still left pre-sale time 55 days away.

Join our whitelist limited to 600 investor

minimum investments ETH 15 to quality

ETH 1 : 500 TOKEN

Welcome to the first decentralized financial-marketplace

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. Thus, we aim at creating the first application where users can use our wallet to store tokens representing any asset and trade with them in a financial-marketplace.

Wallet

Our 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 our marketplace.

We have already built a proof of concept for storing BTC that it is available on the AppStore.

Marketplace

After the wallet has been built, we 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.

This application will help to promote mass-adoption of Smart Contracts as long as it will improve the whole user experience.

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 returnfor 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 and advisor

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.