Sun, 16 Dec 2018

PayPro

The first decentralized financial-marketplace



Token symbol PYP
Platform Ethereum
Type ERC20
Token price 500 PYP = 1 ETH
Distributed in ICO 40%
Accepting ETH
Hard cap 20,000 ETH
Min. investment 0.5 ETH
Bonus Pre-sale up to 35%

About PayPro

PayPro is a decentralized bank made for dealing with a new eco-system where value is represented in new forms thanks to Smart Contracts. Thus, PayPro is a decentralized financial-marketplace where any dApp can post its services. We are also developing a Wallet where users will be able to store crypto-currencies and any ERC-20 token.

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.

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.

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.

PayPro Product

  • 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.
  • 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.

  • 20% is reserved for the current team and most importantly, the future team members’ motivation packages.
  • 20% will be held by PayPro, under scrutiny of the community, to reach future sustainability through network revenue distributions.
  • 15% is allocated to early investors & backers and future partnerships.
  • 5% would be distributed out to the community over time as rewardsfor R&D and bounties.

Start in 08-01-2018
Ended in 15-01-2018

  • Pablo Ruiz - CEO
  • Gabriel Llambias - CFO, COO
  • Enric Giribet - CTO
  • Qijiong Jiang - Blockchain developer
  • Roger Baiget - Developer
  • David Murray - MBA Class Advisor @ IE Business School
  • Maximilian Von Sethe - Finance & Banking Manager @ Google
  • Luis Font - 2 companies exited
  • Rafael Conde del Pozo - Director of Innovation @ Vector ITC Group
  • Franc Carreras - Marketing Prof. @ ESADE
  • Julian Vinue - Advisor

  • November 2017
    Proof of concept release: an iOS app capable of holding and spending BTC is released into the market.
  • December 2017
    Project Management: we will spend 1 – 2 months on planning the development.
  • February 2018
    Kick-off: all the necessary hires and collaborations will have been done and the development will start.
  • February 2018
    Ethereum integration: Ethereum wallet integrated so users can store all major tokens in our wallet.
  • July 2018
    Marketplace Launch: we will launch a dApp Marketplace where all suppliers will be capable to integrate and offer their services.

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ETH : 0x5620C0851d58Fd55a411dAdeb17c83DBB8E61b29