What is PayPro (PYP)?
PayPro is the 1st financial marketplace as a Decentralized Application (dApp) will be able to offer its services.
Since the emergence blockchain, Smart contracts are being adopted in many aspects of our daily life. It is going to revamp not only all the existing structures of our current financial transactions but the entire Eco-system of our life. Everything looks to be on the way to decentralization; such as computer power, trading or insuring and also banking. There is already a rush to be able to integrate blockchian technology into different aspect of financial need. PayPro aspire be the pioneer and front runner into financial marketplace as DAO.
• PayPro will build first universal wallet and a financial marketplace in the same place, where, user can store & spend crypto assets/currencies and,
PYP will be the main currency.
PYP will be the only currency enabled to pay fees.
Payment to allow user’s existing-funds to PYP tokens automatically every time the user need to pay fees.
• Wallet will be capable of storing all crypto assets ranging from BTC, ETH, ERC-20 tokens and GAS to Currencies, loans, stocks or other investments.
• PayPro can be used as marketplace for investing in a crowd funding.
• In future companies might want to issue shares in form of tokens which can be stored at PayPro.
• PayPro’s marketplace will be built as decentralized autonomous organization.
• Paypro will create two types of tokens; PYP and zPYP,
PYP is flagship, main trading currency
zPYP is value based currency allocated as a way of rewarding within dapps and Users, which will have fixed rate of 1usd.
Also can be exchanged later to PYP.
What is dAPP and how it is integrated into PayPro?
According to David Johnston, a Dapp must meet those criteria.
• The application must be developed open-source, has to operate autonomously and the majority of tokens cannot
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 a proof of the value to the application
• A decentralized blockchain must be used to store data and record operation in order to avoid any central point of
PayPro’s marketplace has both internal capital and takes decisions by his own.
Source link for DAO/DAPP & more: https://drive.google.com/file/d/1Pg2e9A8C7b42dCsxo7WZudYdKsxmNzlM/view
Interview to Pablo Ruiz, CEO of PayPro
Source Link # http://www.payproapp.com/
Token Sale Summery:
Name: PayPro Token
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 term: Min investment of 0.5 ETH
Main sale bonus:
1st 24hrs 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 the exchange rate.
Accepted currencies: ETH only
% of Token sold: 40%
Nationality: Anyone except Singapore, Estonia and the US due to legal restrictions or countries trade sanctioned by the US.
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