PAYPIE ICO REVIEW
We gave a synopsis description of the PAYPIE Project in part one of our Paypie review which you can read here: PAYPIE REVIEW PART 1. In this 2nd part of our review we will go through the ICO process and discuss PAYPIE Token.
The PPP Token is the Utility token created by PAYPIE which will be the in house token used and as a transaction tool for financial activities on the PAYPIE PLATFORM. The total supply of PPP will be 165,000,000 million and this will never go up. Here is how the tokens will be distributed:
PPP TOKEN DISTRIBUTION
1. 82.5 Million PPP tokens will be available for contributors to purchase in the Crowdsale.
2. There will set aside 27.5 million PPP tokens for the core Paypie Team and Advisory board.
3. 55 Million PPP will be reserved for the Industry Reserve pool.
How will the funds be distributed and utilized? Well, for starters, the Industry Reserve Fund will be used primarily to grow partnerships and acquire more business prowess and become a Leader in the Financial Services and Accounting Sector. Through securing strategic partners around the Globe, Paypie can become a dominant force as a decentralized accounting platform. This reserve fund will be kept aside for twelve months. The twenty seven and a half million PPT will be used to help pay for marketing expenses, the the Core Team and Advisory board’s running expenses and for the payout of Community bounties to all the Helpers of Paypie. Please also note that the PPP tokens allocated to the Team Fund will also be locked up for a a period of twelve months which makes it an imperative for the Core Team to dedicate in making the Paypie Platform a Success.
Starting date: 15th October, 2017
Ending Date: 15th November, 2017
The minimum target for this ICO in order to make the Paypie Platform viable for customer usage is 4.5 million PPP Tokens and the Maximum target to reach is 82.5 million PPP. If the maximum target is not reached during the crowdsale campaign the rest of the tokens that are unsold at the end of the ICO will be all sent to the Reserve Fund and will only be used as and when it is necessary so there is no impact on market conditions.
The PPP Token is an ERC20 token which runs on the Ethereum platform and will be born through a smart contract. PP tokens will be used for accessing the Paypie platform on many levels which include audits for SMEs, the purchasing of invoices to make profits and also other activities such as Credit core analysis and making transactions in the Paypie Marketplace. Being a utility token ensures that PPP will have a use from the offset which gives it intrinsic value from the beginning so it’s demand will grow, thus the value should also increase as there will be a limited supply available on the markets. The desire to use the PPP token on the Paypie Platform will be the driving force for high demand of this token of value.
To join the ICO or get more information check out the links below: