Paymon is an IT company dedicated to improving Blockchain technologies . After the first round of its Initial Coin Offering (ICO) on March 5th, the startup started developing its own Blockchain and its own cryptocurrency: PMNC (Paymon Coin). Currently , Paymon is leading the second phase of the ICO that ends May 3rd. In addition, she obtained high marks by sites specialized in the rating of projects carrying out an ICO. Here are our 5 reasons why it is worth following this project closely.
The team is transparent and dynamic
It is easy to find information about each member of the team on the Paymon website or on social media.
The Paymon team is young, ambitious and open to its investors and users. These Russian students met not for the ICO, but for the project. They work together for two years already and they are accessible (the Telegram group raasmeble more than 9,000 members). They participate in Blockchain conferences and are not afraid to show their faces and their names on social media (including facebook and twitter of course).
Improvement of the Blockchain is disruptive
This new Blockchain is called Hive . This is a Blockchain using an Acyclic Oriented Graph (DAG, in English), on which the new cryptocurrency will be based.
Hive: translates from English to "Ruche"With Hive, it will be possible to make transactions at no cost or long confirmation times. The Blockchain will allow network users to easily be part of the system. Instead of minors, the users themselves will confirm the transactions . Hive will also allow the creation of smart contracts and crosschain (cross strings). All exchanges will be based on atomic swaps , whose main objective is to maximize the simplification and concentration of all the exchange possibilities of different crypto-currencies within the same platform.
The Atomic Swap makes it possible to exchange two crypto-currencies between them without expenses, without risk for both parties involved, without the intervention of a third party. All ensured by a smart contract.Thus, each individual or professional who uses the cryptocurrency PMNC can exchange it against any other cryptocurrency inside Paymon. Hive's features give Paymon the ability to increase network speed, quality and security with every user and every transaction.
His community and his advisors
Paymon already has loyal users, a large community (including 9,000 members on Telegram), and strong support from its advisors and approval in principle from notable people. Here are some names:- Soslan Sozaev supports the project. He is Senior in a multinational auditing and financial advisory firm Ernst & Young, expert in cryptocurrency and also a professional experienced in the financial advice of ICO projects.
- George Gogoladze is also the sponsor of Paymon . He is a businessman and a professional Georgian trader. He advises the team on the work with the exchanges.
- Victor Chow is a renowned consultant for ICOs. He has been a business leader in venture capital, startups, telecommunications, ICT, financial technology and supply chain technologies. For more than 28 years, Victor has held senior management, strategic planning, business development, sales, marketing and global operations management positions in Asia-Pacific, Europe and North America. He was previously the founding CEO of InspiraAsia, a FinTech Startup Accelerator and Asia Operations Manager for Life.SREDA VC. Currently, he is the CEO of an ICO consulting and marketing company..
The business platform called Profit
Well, ok, the name is a bit flashy. On the other hand, it describes the intended purpose. Let's go on.The platform for businesses, Profit, is an additional option of Paymon. It will give business owners the resources to instantly receive payments for their cryptocurrency goods or services . This will open a new direction for entrepreneurs and will certainly give them a distinctive competitive advantage over other companies with a more traditional payment method .
MVP - Paymon Messenger (PM) + Wallet
When the company started its ICO, it already had its own Paymon Messenger with built-in colds wallet (cold storage) . The product became popular quite quickly because of this security and got over 8,000 users. Today, Paymon is developing other technologies, but PM has been the company's first step towards the market and has become proof that the team is capable of already creating a functional and innovative Minimum Viable Product (MVP).
The final word
There are many people who have not had the opportunity to follow projects, for example using a DAG (like IOTA), from the beginning. The PMNT token (Paymon Token) is corroborated by real developments, including the application already online (which will obviously be improved according to the roadmap). As Paymon technologies and the Profit platform progress, so does the platform.
This startup has a specific plan of realization and promotion. She has a surprisingly young team - in the positive sense - and professional, very well surrounded, followed by community, well-known advisors, good grades on the sites, obviously all the necessary documents (whitepaper, financial analysis, etc.), a usable mobile application, etc. Of course, this information and others are available on the site dedicated to the presentation of the project and the realization of the ICO.
Give us your opinion. What are the elements that hold your attention? Tell us by commenting on this page.
Posted from my blog with SteemPress : https://infos.link/5-reasons-to-follow-closely-paymon-and-its-new-blockchain/