Paygine - Easy Transactions In Cryptocurrency For All Businesses

PAYGINE is an open economic platform designed to operate inside its very own proprietary banking structure and designed to serve FinTech and crypto-business desires in areas of money remittance, cryptocurrency exchange, and charge for “real” items and services under White Label solution.

THE PAYGINE PLATFORM

Paygine is a monetary platform designed to provide cryptocurrency-related services to both men and women and businesses, permitting for easier, faster, and less expensive currency transactions in a variety of utilization scenarios. In short, Paygine is designed to help shoppers and agencies use cryptocurrency as surely and conveniently as any other currency, in everyday life.

For individuals, Paygine permits people to quickly, easily, and securely:

• Maintain wallets in each fiat currencies (USD, EUR, RMB, etc.) and cryptocurrencies (BTC, ETH, etc.) with the ability to convert dollars between them
• Transfer cryptocurrency to and from a bank card
• Pay in retail stores and on-line shops the use of their cryptocurrency
• Carry out worldwide, cross-border transfers of any foreign money with minimal costs

For the commercial enterprise user, Paygine permits outlets to accept cryptocurrency as a payment for goods and services at their vicinity of business or on-line storefronts, and then automatically convert those payments into the foreign money of their choice.

Creating such a powerful payment and change platform from scratch would require principal quantities of each time and money in research, development, and testing. However, Paygine is licensed to make use of Pay Engine Limited technologies and products, which already have undergone years of profitable development and testing and have a proven track report of profitable real-world use and support. By leveraging the present technology solutions created through Pay Engine Limited, Paygine will keep away from the developing pains and get right down to business.

Pay Engine Limited

Pay Engine Limited is an global price processing enterprise headquartered in April 2012 in the United Kingdom. Its founders blanketed experts from the banking sector, who introduced a broad vary of experience to the company, including successful initiatives implemented at American Express, SEB, Bank St-Petersburg, Sberbank, Renaissance Credit, ABN-AMRO and RBS. Pay Engine Limited is the owner of the Best2Pay brand.

In 2014, working together with Visa and MasterCard, Best2Pay developed and launched the Best2Transfer platform. Best2Transfer lets in bank customers to repay loans instantly the use of a Visa or MasterCard deposit card issued by way of any bank.

The Best2Transfer platform services have been first launched by way of Home Credit Bank, a leader in the client loans market.

Today, Best2Pay offerings are used by means of finance and technological know-how businesses, e-commerce, and beyond, to service more than 1.5 million customers each and every month, with a portfolio of greater than $18 billion in serviced loans, with the number of end-customers increasing by way of an common of 34% per month.

The Best2Transfer platform was once recognized by way of The National Banking Journal as the product of the 12 months for banks in 2015.

The Best2Pay service provides many advantages over competitors, including:

• Speed & Simplicity: purchasers can begin accepting online payments in just one day
• Safety & Security: Best2Pay has a Level 1 certificates of compliance with international PCI DSS protection requirements
• Cost Efficiency: Best2Pay is the solely participant in Visa International’s “Bill Payments” program, enabling us to decrease the fee of the transaction interchange fee by using 42.8%

The Best2Pay service additionally already includes the provision of data on transactions in the formats of the merchant’s accounting system, the calculation of the commission at the time of payment, SMS (text message) invoicing, IVR (telephone) payments; price using social networks and immediate messenger networks, and more.

Best2Pay currently works with extra than 50 clients, inclusive of banks and other financial offerings companies.

With the Best2Pay platform, technologies, and commercial enterprise experience, a great deal of the groundwork has already been developed and tested. With a confirmed backbone already in place, it is time for the subsequent step: bringing the existing technology together with new innovations in cryptocurrency. 

INITIAL COIN OFFERING

Initial Coin Offering

In order to elevate cash integral to enhance the Paygine platform, the founders will hold an initial coin presenting (ICO). The ICO will enable investors to obtain Paygine tokens (PGC) that will be used to pay for platform services. The ICO will have two most important stages: pre-ICO and ICO. PGC tokens disbursed during the preICO stage will be provided at the maximum discount.

• Purchase currency: BTC, ETH, or a variety of fiat currencies (to be determined)

• Minimum quantity needed to launch the project: $3,000,000

• Maximum amount: $30,000,000

Token description

• The PGC token will be the basic practical device on the Paygine platform and can be bought through the ICO sale. Token holder will have the proper to pay for goods or offerings using tokens with a cut price from 10 to 30%.
• A finite wide variety of tokens (151,750,000) will be generated. There will be no additional tokens issued.

PGC token policy

1. The Paygine platform will furnish services to entities solely in accordance to amdetermined fee to be calculated by way of the platform by using pegging the minimal rate of 1 PGC=1 USD and maximum exchange fee determined by means of market price of the token. In addition to that change rule, in case of token utilization to pay for platform services, the payer will get hold of a bargain between 10% and 30% (depends on service type).
2. The Paygine platform will enable for the use of PGC tokens to be used as a capability of payment for its clients’ offerings or goods. In this case, inside trade price of 1 PGC will be the higher fee of either 1 USD or the contemporary market charge of PGC. In case the PGC token will be used to pay for clients’ offerings or goods, an additional discount will be applied that will depend upon the type of service.
3. Once the PGC token will become famous and positive aspects liquidity, it will be used as an inner technical forex in the money-transfer device on the basis of the Paygine platform as a substitute of BTC or ETH.

PGC Token Distribution

The complete quantity of PGC tokens will be constrained to 151,750,000. This total will be broken down as follows:

During the ICO, 41,508,000 PGC tokens will be for sale, including 1,218,000 offered throughout the pre-sale. 10,290,000 of the ICO tokens will be reserved for bonuses. 

A in addition 87,742,392 tokens will be reserved for bonuses. All unsold tokens will be reserved for future use and will be saved with the aid of the Paygine platform. Reserve tokens will be put on keep for two years, pegged in a clever contract. The remaining 22,500,000 tokens will be distributed among the challenge group members.


for more information about paygine, visit the following link:

• website:  https://www.paygine.com/ 
• whitepaper: https://www.paygine.com/assets/helpers/files/en.pdf
• facebook: https://www.facebook.com/Paygine/
• twitter: https: / /twitter.com/paygine
• reddit: https://www.reddit.com/user/Paygine

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