Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions.
ABOUT PAYPORTAL
The Payportal platform connects Indian service providers such as banks, mobile operators, digital TV operators and utility companies with public through a WALLET. A wallet number is linked to a mobile number of the owner. The platform is utilizing the advantages of personal computers and smart phones, IOS and Android apps are available. The project’s goal is to provide a solution to Customers to tackle the following challenges: regular visitings of different offices to pay monthly bills, cash collectors stealing, expensive and risky cross-border remittances, staying in a bank queues, wide geography logistics, non-professional service support and assistance, etc. The Payportal platform connects service providers such as banks, mobile operators, digital TV operators and utilities with public through a WALLET. A wallet number is linked to a mobile number of the owner. In this way, the possibility of making payments on accounts, and the same money transfers are fast and safe. The wallet provides a large number of features online. Access can be obtained through a personal computer or smartphone.
PAYPORTAL AND BLOCKCHAIN TECHNOLOGY
To develop the Payportal platform further, the developers have decided they need to utilize the blockchain technology. Some of the advantages will include server decentralization. It will ensure that wallet data is kept safe in case hackers get into the systems.
Besides that, they plan to utilize the blockchain to facilitate the transfer of money across international borders. This service will leverage the money transfer expertise that the Payportal team already has. To achieve their goal they intend to create their own digital currency dubbed the PPTL coin. These coins will be accepted as a means of payment and are converted into Indian rupees at the final stage of the transaction. All fees will be paid in the PPTL coins.
Distributors will play a major role in the transfer of PPTL coins. They will purchase tokens in the OTC market or exchange and transfer funds via a smart contract to the company’s wallet. The transaction will contain the wallet number of receiver and value of coins.
The use of blockchain technology is one of the most important tasks for further successful development of the platform.
The decentralization of the server makes it possible to keep the wallets safe in the event of a hardware crash or attack by hackers.
Since PayPortal has the best practices for internal remittance, we plan to implement this part of the project on the basis of our own PPTL coin with key lock and cryptography.
PPTL coins will be accepted as a means of payment and will be converted into Indian rupees for the final stage of the transaction.
PAYPORTAL BUSINESS MODEL
The Business model represents how payportal creates a viable environment by establishing a relationship with mobile operators, utility operators, banks for receiving and processing on-line recharges. Bill payments and also domestic Money transfer to customers bank accounts from the market. With Major distributors in Delhi, They can deal with their retailers appointed independently or by payportal
TOKEN AND ICO DETAILS
Token Name: PPTL Token (PPTL)
Platform: Ethereum
Token Type: ERC20
Total supply: 20,000,000 PPTL
For sale: 14,500,000 PPTL
1 Token = 0,002 ETH
Softcap: 3000 ETH
Hardcap: 24 000 ETH
There will be 20 million tokens produced. 14.5 million Tokens will be sold to the masses. They will be sold at the price of 1 token = 0.002 ETH. The project has a soft cap of 3000 ETH and a hard cap of 24000 ETH.
The private sale has already started, and it will end in 18 days. The date for the ICO will be announced after the private sale. Tokens will be non-transferable until the ICO ends. The ICO is expected to last until July 15, 2018.
Benefits to holding PPTL tokens
Potential Appreciation in Value
The potential for increased profit over time and growing demand from retailers and distributors as a result of the redemption of loyalty bonuses, fees, cross-border money transfers provides the basis for potential value appreciation over time.
Provision of additional services based on the PPTL coins to retailers and online wallet users will increase its total demand.
Transfers
We expect that PPTL coins will be exchangeable for fiat currencies and other cryptocurrencies.
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
PAYPORTAL project’s goal is to provide a solution to Customers to tackle the following challenges: regular visitings of different offices to pay monthly bills, cash collectors stealing, expensive and risky cross-border remittances, staying in a bank queues, wide geography logistics, non-professional service support and assistance. Be a part of this tremendous project and follow these links for more information;
Website: https://ico.payportal.in
Whitepaper: https://ico.payportal.in/docs/White_paper_Payportal.pdf
Bitcointalk: https://bitcointalk.org/index.php?topic=3285962.0
Github: https://github.com/pmrio/solidity
Twitter: https://twitter.com/PayPortal_India
Facebook: https://www.facebook.com/PayPortalOfficial/
Telegram: https://t.me/PPTLchat
Author
nugezmils
BITCOINTALK PROFILE