Paygine: A Blockchain based platform to provide solutions for FinTech and Crypto business

adnanzeal (38)in #ico • 6 years ago

Paygine is an open financial platform which is designed to serve the need of money transfers, currency exchange and the payment of "real" goods and services within the White Label solution in the FinTech and crypto-economic. The creation of Paygine platform was lead by the founders of Best2Pay which is already in existence and it is based on the needs of international banks and financial organizations. It is their belief that access to financial services with an access to these services should be given to everybody so that people would be able to achieve their dreams.

How does it work?

The basis of Paygine platform is the White label service, with the terms of banking regulation; it checks the project for compliance and applies for opening an account under its own brand. Confirmed by the guarantees of developers, Bank accounts are "packaged" in White brand Paygine. If we look at the technical implementation of Paygine, it is an open, modular API, a set of simple pre-approved templates for programmers, on the basis of which they can build any application. After transferring "Draft" to Paygine it will receives approval and get "packed" in the project brand and after that it will be submitted to the bank for opening an account.

Customers will be able to get a tool for payment under the brand name of Paygine, irrespective of the size of the business. They believe that financial services should be available for everybody and help people to accomplish their dreams. There are different solutions provided by FinTech companies for various problems but when it comes to FinTech itself, there is nobody to offer a solution. The team includes long-term experienced professionals from banking space from across the globe and also a team of developers which is ready to accept all of your services for a scaling project of any level of complication.

Different services offered by Paygine by using the existing Best2Pay technology:

The facility of transferring a cryptocurrency to and from a bank card;
Availability of payment in shops and stores using cards in crypto currency;
As payment for goods and services, receipt of crypto currency will be provided in the online store;
Another feature provided by Paygine is the transferring a cross-border currency using cryptocurrency at a minimum cost;
Maintenance of wallets in both in fiat and cryptocurrency with the ability to easily convert funds between them.

Token:

The Paygine ecosystem will be using an ERC20 standard token known as the PGC and it will be used to pay for all the transactions carried out in the Paygine ecosystem. After gaining popularity and liquidity, it will be used as internal technical currency, and will be used for money transfer system instead of using BTC and ETH. All tokens which will remain unsold during ICO will be sent to the reserve for future use on the Paygine platform.

Token distribution will take place as follows:

Total distribution of token among the investors of the project will be 27.9% of the total tokens issued.
Distribution among the project team members will be 14.7% of the total tokens issued.
Tokens allocated for bounty campaign will be 0.8% of the total amount of tokens issued.
And remaining 56.6% of the total amount of tokens issued will be kept as reserve.