Paygine ICO

Paygine ICO

Created using Figma
Created using Figma

Last Update

Jan 31, 2018

Paygine is an open financial platform designed to operate in its own banking style, and in the field of payment of "real" goods and services under currency remittance, encryption transactions, white label resolution FinTech It is designed to meet the needs of cryptographic business. The main point of Paygine's competitive advantage over similar projects is the ability to take advantage of existing Best 2 Pay services and technologies currently used in FinTech's business, e-commerce, etc. Having reversi is very important and we have it. We believe that everyone has access to financial services and that people need to be able to achieve their dreams. FinTech (financial technology) companies are offering solutions to various problems, but none provide solutions to the problems that FinTech faces. The Paygine side has praise to do this. And this response is great, so many things need to become reality. We are the beginning of this road and we do not doubt that we will succeed. Paygine (USA) has all the licenses necessary to use Pay Engine's technology and products indefinitely. By using existing products and customer databases we believe that the change in Paygine (USA) will increase dramatically for success. On the Paygine platform, you can usually use encryption currency for transfer and payment made using customary payment methods. • Transfer encryption to physical card. • Pay at shops and stores using cards using encryption. • Accept encryption as payment for goods and services of online store. • Perform cross-edge transfer of fire currency using encryption with minimal cost. • Maintaining a wallet in both a simplified currency and an encrypted currency has the ability to convert funds conveniently and quickly between them.
Jun 18, 2018
Aug 17, 2018
100% completed
$1 601 367
hard cap
cap
53% hard cap completed
Cap 850 000 USD
Hard cap 3 000 000 USD
past
Apr 1, 2018
May 31, 2018
100% completed
$664 225
100% goal completed
past
Pre-sale
Jan 25, 2018
Feb 28, 2018
100% completed
Raised funds - no Data
Goal 3 000 000 USD
past
Token Details
Ticker
PGC
Accepted Currencies
ETH, BTC, FIAT
Additional Details
Platform
Building new one
KYC
Yes
Categories
Platform, Cryptocurrency, Retail

About Paygine ICO

Paygine is an open financial platform designed to help business and its customers to use the cryptocurrency intheir everyday life as ordinary money. The platform model is based on its own banks based in the different countries, and in jurisdictions comfortable for cryptocurrency usage. The platform will be based on the existing and most advanced solutions of PayEngine LTD (registered in the UK) company that are currently used in the fintech world.

 

Features

Paygine is an open financial platform designed to operate within its own proprietary banking structure and designed to serve FinTech and crypto-business needs in areas of money remittance, cryptocurrency exchange, and payment for "real" goods and services under white label solution.

Paygine ICO Roadmap

  • Stage I // Phase 1

  • At the rst stage, we will simultaneously implement two very important phases.
    Existing technologies and services that are successfully operating will be replicated and adapted to work in the European market, underthe new Paygine brand. The current API will be re ned and the foundation forthe development of new services will be established.
    To implement this phase — entering the European market — it is enough to identify and select a new European partner, a nancial institution, and to integrate on with it. This will enable us to provide services to Paygine clients immediately after completing first stage of ICO (pre-ICO).
    As we explain below, we anticipate that Paygine’s clients will be various Fintech and cryptocurrency entities, which we refer to as «clients» whereas we refer to the clients of our clients, who can be individuals as well as entities as «customers».
  • 2012

  • Establishment
    Project start
    Team formation
    Choice of technology and system architecture design
    Start of platform development.
  • Stage I // Phase 2

  • This phase involves buying two banks (Paygine Bank Europe and Paygine Bank Caribbean) and creating the exchanger (Paygine Crypto Exchange).
  • 2013

  • Development
    Development of the platform
    PCI DSS Level 1 certification*
    VISA and MasterCard registration
    Introduction of first services to market
    First sales of online loan repayment, merchant acquiring, card2card transfer.
  • Read More
  • Stage II

  • Our business will focus mainly on fintech companies who desire to work with customers around the world with particular emphasis on larger markets, such as the United States. But working with Americans is not a simple task, especially when it comes to providing financial services, because the US law is very complex and contains many nuances that must be taken into account, such as differing regulations for doing business in different states. We support our clients’ focus on the larger markets, and therefore will ensure that our platform is fully compliant with the applicable regulations in the US and other larger markets.
    To do this, we have already established a Paygine representative office in the US and will work to obtain a money-transmitter license (MTL) in each state. We plan to start by registering and obtaining MTLs in three states: California, Texas, and Colorado, and then follow suit in all other states.
  • 2014

  • Achievements
    Start of active sales
    In cooperation with VISA and MasterCard, new services are developmed and introduced to market
    Go-live with our first large retail bank.
  • Stage III

  • In order to eliminate various risks during Stage III, we plan to open additional Paygine bank branches in Southeast Asia and the U.S., so that we can provide extended services to new users.
  • 2015 to 2017

  • Accomplishments
    Advanced service supplier for numerous banks
    Turnover as of October 2017 - more than US$ 115 million per month
    Portfolio of serviced loans is over US$ 18 billion
    Launch of unique peer-to-peer platform.

Activity

Activity:
445
VERY HIGH
Posts:
3 027
VERY HIGH
Views:
37 121
VERY HIGH
Activity:
445
VERY HIGH
Merit:
105
MEDIUM
Posts:
3 027
VERY HIGH
Views:
37 121
VERY HIGH
Users:
1 877
VERY HIGH
Posts:
558
VERY HIGH
Followers:
12 702
VERY HIGH
Likes:
12 602
VERY HIGH
Rating:
5
VERY HIGH
Followers:
1 013
LOW
Tweets:
270
MEDIUM
30 Days Growth:
-34
Alexa

Rank:
4 339 592
VERY LOW
Delta:
3 512 791

Participation in events

Team

Verified 100%

CEO
verified
Senior Vice President
verified
Business Development Director
verified
Chief Financial Officer
verified
Chief Technology Officer
verified

Advisors

Verified 50%

Attention. There is a risk that unverified members are not actually members of the team

Advisor
verified
Advisor
verified

Former members

Vitaly Furmanov
Senior Vice President
Gary J Ross
Advisor
Azat Nugumanov
Advisor
Anastasia Klimenko
Advisor

Paygine ICO Interviews

Kirill Radchenko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
We have a strong team and already working platform. We are providing our services more then 60 banks and 6M customers.
Michael Luposhtyan
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm a co-founder. This is a great project!
Maxim Neshcheret
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
Business Development Director
Raniya Luposhtyan
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I have been a shareholder of Pay Engine Limited (Best2Pay) for the past five years. I have more than 10 years of experience in different banks.
Paygine is a great project !
Please, join us!
Alexander Petrov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Having 15 years of experience in running Cards Operations in large banks my role is to establish and maintain efficient processes of Paygine platform support & development. And unlike many other teams we have to run the existing business as well.
Djibril Diallo
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
As a business advisor to Paygine, my role is to provide suggestions and recommendations for amplifying success stories.
Byanmunkh Volodya
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
I am responsible on business model review and local advisor communicating Mongolian banks and crypto exchange.
Due to my past more than 15 years experience in payment system, I have an advisory role on compliance and security aspects too.

Last News

4.07
positive
5.0 9
ICO Profile Vision Activity Potential Product Team
icorating
positive
icobazaar
2.9
3.3
icomarks
7.8

Paygine ICO Reviews

icoscoring.com
ICO review website

There are plenty of similar projects that were trying to issue the same solutions but did not succeed. The services provided by PayGine have already been introduced by Revolut and is in active development and global expansion. The idea is not unique and several other larger projects already working on the same solutions for a while. It is unclear what has been done by Best2Pay and PayGine separately. There are legal risks pegged to the bank acquisition procedure. The current stage of PayGine development is unclear. 

PayGine will charge fees for the access to its payment solutions. The transaction fee will vary from 1.8% to 2.5%. The total cost of 2.5% includes full transaction lifecycle: from client-provider money transfer to withdrawal of funds as opposed to current solutions from existing providers. PayGine will also charge Exchange fees of c. 1.5%. The fee will be split between customer and store. The range between Soft and Hard Cap is quite high and equals to $27M. When compared to the similar projects, the valuation seems too high. Only 27% of the tokens will be available for sale. Most of the ICO collected funds - almost 65% - will be used for a bank acquisition. There are huge bonuses (up to 20%) for the public sale participants. 

There are no people with blockchain experience within the team. Most of the team members have corporate management experience and did not start and scale companies by themselves. The team members are scattered around different time zones. They live in Florida, Singapore, Moscow, Donetsk, and Saint Petersburg.

Read More
icorating.com
ICO review website

The Paygine project is entering a promising, dynamically growing market whose growth rates will strongly assist this project’s pace of development.

Despite increasing competition in this sector, and the use of blockchain technology by similar projects, Paygine has the potential to take a market share, as its intended strategy of purchasing banks in friendly jurisdictions will ensure stable operation for the platform worldwide, and the introduction of its DLT module will speed up transaction times.

There is a consistency in the implementation of roadmap milestones and clear deadlines set during the period of project creation. The team includes specialists with experience working for Pay Engine Limited (Best2Pay), on the basis of which this platform is being created.

At the same time, this type of activity is subject to licensing and constant monitoring by regulators. The creation of such a business involves constant implementation of all regulations, requirements and standards determined by regulators, as well as a large number of conditions for obtaining various licenses. We do not consider this a risk inherent exclusively in the Paygine project but we note this as a risk for the entire sector. Investors need to understand that in this case further development of the platform’s business will be possible only after passing licensing (regulatory risk).

We should also point out that growth in the price of PGC tokens is limited to the pricing model on the platform, and therefore this model eliminates any risk of the PGC token market price falling below $1 in the long term. At the same time, it is the case that growth in number of users on the platform will not cause a comparable increase in the price of the PGC token.

Read More
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