What is ProntaPay?
Basically, ProntaPay is the world's first Smart Legal Invoice (SLI) payment system that will utilize smart contracts & blockchain technology to help businesses of all sizes get paid more efficiently, save money on transaction fees and create a more stable fast and secure invoice ecosystem.
Vision
To be the world's first blockchain Invoice solution to truly cross over into the mainstream system & help businesses of all sizes get paid more efficiently, on time and create a more stable fast and secure invoice ecosystem.
Prontapay will be a revolutionary invoice payment platform built on blockchain technology that will use smart contract & smart legal code, to create our trademarked Smart Legal invoice (SLI). Companies will be able to create and send out smart legal invoices (SLI)™ using our desktop or mobile interface to customers quickly and easily requesting payments for services or goods automatically or on a set date determined by them. Each invoice will be sent on the blockchain and incorporate smart legal coding that will make the invoice once accepted form part of a more legally binding agreement between company & payer.
How it works?
The system of invoices payment through the blockchain is an improved version of accounting programs such as SAP and NetSuite. Each invoice has a link to the contract, a cryptographic key, containing all transaction terms. SLI document is sent by e-mail, the fact of the check is fixed by the EDS (electronic digital signature).
Legality: Each invoice contains the link to a valid contract between a supplier and a customer. If parties want to print the document for the tax inspection, it will have a legal power. An invoice is automatically paid after the verification of the counteragent: such an approach excludes incorrect payments and costs of return of funds.
Informative: Invoice payer receives automatic notifications 24 hours before the expiration date of the payment. If funds were not received, 1 hour before the set date the second notification.
Economy: A counter-agent having no funds for invoice payments receives an automatic notification within a week after the set date of payment. If the invoice isn’t paid, a late fee (2,5% for the transaction) and debt are collected by the Prontapay debt collecting service.
Token Details
Name: ProntaPay
Symbol: PRO
Standard: ERC-20
Total Supply: 250,000,000
Available Supply: 75,000,000
Soft-Cap: $500,000
Primary target: $15,000,000
Initial Value: 1 ETH = 3500 PRO
Minimum purchase: 0.1 ETH
ICO Information
A total of 250,000,000 PRO would be supplied, with 30% reserved for token sale, another 30% will be on reserve, 18% of the funds will be for Management & Employees, while 10% will be for Bonus and 9% for Bounties & referral programmes, lastly 3% of the funds will be for Airdrop & Promotions.
- Pre-Sale is currently live with 40% Bonus and would end in 19 days (29th June)
- ICO starts on 1st July and would run till 1st August, 2018
Funds Allocation
Marketing - 30%
Development - 30%
Operations - 20%
Legal Governance & Audit - 10%
Contingency - 10%
Conclusion
With the current slow, flawed and expensive invoice system used by most companies, these problems and more leaves gaps for late and defaulted payments and cause most companies to lose time and money. ProntaPay is here with a revolutionary payment platform which is based on blockchain. Are you ready for the revolution?
Visit
Website: https://prontapay.io/
Whitepaper: https://prontapay.io/White-Paper-v1.0.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=3250530
Twitter: https://twitter.com/prontapay
Published By: Hurricanecol
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1576406
Eth Address: 0x43D58a3D64062e4E2cF6aD285c7FE3a8B25741cC