Payfrit RMS (PYT) ICO Rating, Reviews and Details

Jan 15, 2018

Feb 8, 2018

100% completed

Raised funds - no Data

past

Token Details

Ticker

PYT

Accepted Currencies

ETH, BTC, LTC, FIAT

Company Details

Registered Country

United States

Additional Details

About Payfrit RMS

In addition, Payfrit RMS translates smoothly into any food, beverage, or hospitality environment. We offer exciting new capabilities to a wide variety of industries: hotels, casinos, night clubs, theaters, arenas, sporting events, even food trucks and street vendors can greatly benefit from Payfrit RMS. As an underlying engine to this system, Payfrit also has a proprietary closed loop payment network that facilitates many different transaction types across all use case scenarios.

With the recent advent of initial coin offerings, Payfrit is launching a new multi-purpose token that will be an important cornerstone for not only our platform but also our fundraising plans. Tokens can be used for everyday transactions with restaurants that use Payfrit RMS, such as dining at a table service restaurant, paying for delivery to your home or office, or even tipping your server or delivery driver. After being accepted for payment these businesses can in turn use tokens to pay their vendors that use Payfrit RMS, including their monthly service fees paid directly to Payfrit.

Features

Payfrit RMS allows participating restaurants to save at least 30% on labor, increase revenue by at least 20%, all while providing much more efficient and accurate service to their customers.

Technical Info

Ethereum ERC20 standard token.

Payfrit RMS Roadmap

February 19, 2018

ability to convert PYT -> USD in app on demand instantly

February 26, 2018

ability to verify KYC in app, accredited investor status within one business day.

March 1, 2018

ability to convert PYT -> USD at website, immediately spendable on Android app;

March 9, 2018

Token sale (likely) starts

March 9, 2018

Token sale (likely) finalized

August 1, 2018

12 businesses using Payfrit locally in Los Angeles/Orange County, 6 businesses providing mail order fulfillment. Annual revenue $300k. PYT value cap estimated at $60 million, token value ~$3.00.

October 1, 2018

hardware ATMs released in beta. Screenless, bluetooth, dispense and accept USD and multiple currencies.

March 1, 2019

400 businesses using Payfrit across the country. Annual revenue $10 million. PYT value cap estimated at $2 billion, token value ~$95.00