PRONTAPAY - The world's first Smart Legal Invoice (SLI)™ payment system

The world's first Smart Legal Invoice (SLI) payment system, which will apply intellectual contracts and blockchain technology to help businesses of all sizes acquire the most successful payment, save money on transaction fees and create the most stable fast and non-dangerous ecosystem of accounts, At the given awarding users with coins ProntaPay for any successful transaction

Prontapay is the world's first Smart Legal Invoice (SLI) ™ payment system, which will apply intellectual contracts and blockchain technology to help businesses at least of the volume obtain the most successful payment, save money on transaction fees and create the most stable fast and non-dangerous ecosystem of accounts awarding users with ProntaPay coins due to any successful transaction. Their preparatory implementation ends on June 14, and their ICO comes on June 15.

ProntoPay's tokens are built according to the ERC223 protocol and distributed to the investor's account right after the acquisition. At the present time, they have a working Airdrop & Bonus 100% for the first 5,000,000 tokens that will be realized

The current system of invoices used by the bulk of firms is considered false, slow and costly, as soon as some payment providers charge 3.5% in order to simplify the fee or monthly payment with a fixed emergency contract, and still leaves a lot of gaps for later and default payments, time and money, trying to repay debts, which for legitimate reasons belong to them. Some firms in the final result are wasting more than the balance of accounts for judicial losses and litigation, and in some final variants end the withdrawal from the business because of non-payment.

Problem prontapay project will be and is addressing
The current invoice system that most companies use is flawed, slow and expensive with some payment providers charging up to 3.5% to facilitate a payment or a monthly fee with a fixed term contract, it also leaves many gaps for late and defaulted payments, costing companies time and money trying to recover debts that are legally theirs in the first place. Some companies end up spending more than the invoice balance on legal costs and litigation, and in some extreme cases end up going out of business because of non-payment.

The Aim
Prontapay will be a revolutionary invoice payment platform built on blockchain technology that will use smart contract & smart legal code, to create our trademarked Smart Legal invoice (SLI)™. Companies will be able to create and send out smart legal invoices (SLI)™ using our desktop or mobile interface to customers quickly and easily requesting payments for services or goods automatically or on a set date determined by them. Each invoice will be sent on the blockchain and incorporate smart legal coding that will make the invoice once accepted form part of a more legally binding agreement between company & payer.

Our vision is to be the world's first blockchain Invoice solution to truly cross over into the mainstream system & help businesses of all sizes get paid more efficiently, on time and create a more stable fast and secure invoice ecosystem

Prontapay Advantages
Our Smart Legal Invoice (SLI)™ will be automatically debited from the customers Ether wallet on the agreed date, due to the nature of crypto currency the transaction will be lightning fast and cost a fraction of the price that traditional companies charge to facilitate payments.

Every transaction that uses Prontapay incurs a 1% transaction fee, which is far cheaper than its competitor's fee. Prontapay's solution is up to 66% cheaper than the alternatives.

After every successful invoice that is processed on the Prontapay platform we will reward both business & customer with Pro Pay coin to further incentivize the future using of Prontapay

How it works based on 3 core points

The system of invoices payment through the blockchain is an improved version of accounting programs such as SAP and NetSuite. Each invoice has a link to the contract, a cryptographic key, containing all transaction terms. SLI document is sent by e-mail, the fact of the check is fixed by the EDS (electronic digital signature).

Legality: Each invoice contains the link to a valid contract between a supplier and a customer. If parties want to print the document for the tax inspection, it will have a legal power. An invoice is automatically paid after the verification of the counteragent: such an approach excludes incorrect payments and costs of return of funds.

Informative: Invoice payer receives automatic notifications 24 hours before the expiration date of the payment. If funds were not received, 1 hour before the set date the second notification.

Economy: A counter-agent having no funds for invoice payments receives an automatic notification within a week after the set date of payment. If the invoice isn’t paid, a late fee (2,5% for the transaction) and debt are collected by the Prontapay debt collecting service.

Unique Features

• unique system to help get business paid on time without chasing clients
• Millions to be potentially saved worldwide everyday on payment processing fees
• Secure and reliable environment that will aim to set the new standards for payment
• free's up valuable time and nam hours to ensure to ensure more productive businesses
• Utilizes blockchain technology to schedule payments and acts as binding agreement

ICO and TOKEN DETAILS

The PRO tokens are issued on the ERC20 standard. In total, during the ICO 250 million coins are sold. The developers are planning to collect $500.000 (soft cap) during the Pre-sale (14 April - 14 June 2018). The main phase of the ICO will be from 1st July until 1st August. All unsold PRO tokens will be destroyed. Good news for investors: assets are scarce, it is anticipated a gradual increase in prices.

Prontapay Token Details

• Total token Supply: 250,000,000

• Available Supply For ICO: 75,000,000

• Soft cap : $500,000

• Hard cap: $15,000,000

• Token platform: Ethereum

• Token model: ERC-20

• ICO starts: 14th April 2018

• Initial Base Rate: 1 ETH = 3500 (PRO)

Token Distribution and Fund Distribution

According to Whitepaper, 250 million PRO are allocated in the following way:

● 30% of tokens will be sold during the Pre-sale and the main stage of ICO.

● 30% of tokens will be reserved for paying participants bonuses.

● 28% of PRO are distributed among the project staff and Bounty participants.

● 12% of tokens will be spent on AirDrop, the project promotion, the payments for referral program participants.

Funds collected during the ICO will be spent on business:

60% of tokens will cover the costs of advertising, marketing, the project promotion and the Prontapay platform development.

20% of tokens are planned to be spent on current operational costs.

20% of tokens are the fund for audit fees, payment of legal business registration and unexpected costs.

ROADMAP

Meet the amazing team behind this revolution

For more information, please visit:

Website: https://prontapay.io/

Whitepaper: https://prontapay.io/White-Paper-v1.0.pdf

Twitter: https://twitter.com/prontapay

Facebook: https://twitter.com/prontapay

Telegram: https://t.me/prontapaycommunity

Writer: Tosin David

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1180815

My ETH Address: 0xccb98e6af2b1dbe621fbac6b48e6e98811fe1243