PayPro ICO

PayPro ICO

Created using Figma
Created using Figma

Last Update

Apr 17, 2018

The 1st financial marketplace as a DAO
Risk: High
Official sale
Jan 15, 2018
Feb 26, 2018
100% completed
$81 337
cap
goal
406% cap completed
Goal 750 USD
Cap 20 000 USD
past
  • 500 PYP
    =
    1 ETH
Pre-sale
Jan 8, 2018
Jan 14, 2018
100% completed
Raised funds - no Data
Goal 750 USD
Cap 20 000 USD
past
  • 500 PYP
    =
    1 ETH
Token Details
Ticker
PYP
Accepted Currencies
ETH
Company Details
Registered Country
Spain
Additional Details
Platform
Ethereum
KYC
Yes
Categories
Cryptocurrency

About PayPro ICO

About PayPro

The first financial-marketplace as a DAO

Concept

PayPro is a financial marketplace where any Decentralized Application (dApp) will be able to offer its services. Thus, dApps will be competing among them to become your supplier, not the other way around as with banks.

The key feature of PayPro is that it has brought decentralization to a new level; our marketplace is not decentralized only at a technical level but also at a strategic level. This is why we like to call it the UBER of banking.

Problem

The main problem with traditional banks, as shown during the world recession on 2007-08, is that due to the fact that they hold all the information, users can not take objetive decisions. For this reason, it is commonly said that the centre of the relationship with banks is not the client but the bank itself.

Whereas it is true that there is an increasing number of so-called neo-banks, either built on blockchain or over APIs, they still have not managed to avoid the main problem with banks; centralization of services. Any form of centralization will always diminish the services offered as the supplier will always have more information than the market.

Solution

Therefore, we have created a financial marketplace where any dApp can offer its financial services and any user can both use them and rate them. This rating system will be the master piece as it will provide with:

Transparency: every user will be encouraged to rate a dApp after using it. This way the user will contribute to offer a rating so any other user willing to use the dApp will know whether it complies with his expectations or not.
Loyalty: users will be rewarded for rating dApps.
Enhanced competition: suppliers contributing to the marketplace by offering their services can generate a second source of income thanks to our rating system. This way we aim at getting on board the more dApps as possible; the more dApps in the marketplace, the more competition, which will ultimately force suppliers to struggle on the quality of their services.
Improved services: the system is made so ratings go down through time and hence, dApps are forced to keep high ratings at all times.

ICO

Our application heavily relies on tokenization and hence, we have created two tokens; PYP and zPYP. Whereas PYP is the only crypto-currency accepted within the marketplace, zPYP is the unit of value used on our rating system.

Thus, we are launching an Initial Coin Offering for distributing PYP, the only accepted crypto-currency in the marketplace.

ICO details:

1 ETH = 500 PYP
Pre-sale starts on 08th January, 2018 and ends on January 15th, 2018. Minimum investment of 15 ETH and 35% bonus.
Main sale starts on 15th January and ends on 04 February, 2018. Minimum investment is 0.5 ETH. 20% bonus on first 24 hours, 15% bonus on first week and 10% bonus on second week.

Our Beginnings

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.

From that experience, we soon learned that the payments / banking industry was totally outdated. Thus, we soon realized that we had to make a step forward if we wanted offer a truly disruptive value proposition if we wanted to change the industry. This is why we started to listen to the market, talk with industry’s experts and do a lot of test and fail. And this is how we created PayPro: the first decentralized financial-marketplace built.

Today PayPro and their team accumulate 7 awards in entrepreneurship from 4YFN or AEBAN, among others.

Features

A user will be capable of storing to name a few, but not limited to ETH, BTC or GAS and use the marketplace for investing in a crowdfunding platform.

The individual would receive tokens from this investment that would also be able to be stored on PayPro's wallet. As a result of that, all the crypto-assets and liabilities of an individual will be represented in PayPro. 

Technical Info

Ethereum ERC20 standard token.

PayPro ICO Roadmap

  • 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.
    Ethereum integration: Ethereum wallet integrated so users can store all major tokens in our wallet.
  • July 2018

  • Marketplace Launch: we will launch our own VISA Card so users can spend in BTC or ETH on top of USD, EUR or GBP.

Activity

Activity:
518
VERY HIGH
Posts:
405
MEDIUM
Views:
5 977
MEDIUM
Activity:
518
VERY HIGH
Merit:
258
HIGH
Posts:
1 265
VERY HIGH
Views:
27 964
VERY HIGH
Users:
399
HIGH
Followers:
12 818
VERY HIGH
Tweets:
490
HIGH
30 Days Growth:
-294
Alexa

Rank:
5 391 190
VERY LOW
Delta:
492 643

Team

Verified 100%

CEO
verified
CFO, COO
verified
CTO
verified
Finance & Banking Manager
verified
2 companies exited
verified
Marketing Prof. @ESADE
verified

Former members

Wayra Telefónica
Business School Accelerator & investor
MBA Class Advisor
irector of Innovation @Vector ITC Group

PayPro ICO Interviews

Gabriel Llambias
What do you think about PayPro?
"PayPro is an amazing project with a high potencial. I'm sure they will lead the financial industry for the next years.

PayPro has a great team with good expertise in Fintech. The founders team has been working together for the last 3 years, so already a solid team. It is made of 3 founders who cover Blockchain, technology and strategy. This is the second fintech started up. The first one it was an online platform that allowed SME to make transfers abroad in more than 25 currencies saving up to 90% on bank hidden fees. They closed 2 funding rounds with 47 investors 2 of them VC.

They were regulated by the Financial Conduct Authority as Payment Institution.

The founders team have been following the blockchain trends since 2014 and investing in bitcoin during 2012. At the beginning of this year 2017 they thought it was the perfect momentum to start to lead the industry.

At this point PayPro is accelerated and invested by Wayra Telefonica."

Last News

3.48
risky+
5.0 19
ICO Profile Vision Activity Potential Product Team
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