Paymon

The idea was born in one of the dormitories in Ekaterinburg, Russian Federation, in 2016. At first our idea was to create a convenient application, where it would be possible to add online wallets of various banks and manage all your financial assets within one system. But after numerous meetings with bank representatives we realized that the existing bureaucratic barriers would never allow us to realize the project in full. Eventually we decided to switch to blockchain technology and develop an application with automatic creation and addition of any existing cryptowallets. We also thought that this app should also function as a messenger, making everything easy and convenient for its users. On the early stages we were confronted with a problem: many people believed in such thing as cryptocurrency, but they didn’t see the point of using it in anything other than investing, trading, or saving assets. Later we conducted a sociological survey, revealing that most of the cryptocurrency holders want to exchange cryptocurrency without any fees, want to pay with it for goods and services without long waiting for transaction confirmations.

 Since the first day of Paymon development our goal has been to make cryptocurrency exchangeable between users, make it possible for customers to pay for goods and services of different companies with it. That is why we decided to launch ICO and distribute as many tokens as possible to be able to build our own blockchain technology called Hive. Currently we have already created a mobile app (beta versions available for Android and iOS). It is a blockchain messenger in which you can keep cryptocurrencies, exchange them with your friends, add them and withdraw them. For now, only Bitcoin and Ethereum have been tested and are ready to be transferred. The wallets are created in the app automatically upon registration, you can also make a backup copy of your wallet and restore it.