According to Crypto Announcement, PRO just like Bitcoin is designed to use blockchain technology. Its developers claim they are targeting the E-Commerce industry where merchants can receive payments on a secure platform. They say, since most consumers are determined to save, they will create an application where consumers will receive crypto-rebate rewards through the coin-back platform.
The coin-back platform works as follows: incentives will be offered to online consumers who will shop at their favorite shops and become speculators. The Initial Coin Offering (ICO) commenced on Jan. 18, 2017 and it’s expected to run for 40 days meaning it will end on Feb. 27, 2017. 15 billion coins are to be offered and each coin is to be sold at a fixed rate. Currently, the price is $0.30 per coin but the price will rise to $0.35 on Feb. 4, 2017.
The developers believe that PRO cryptocurrency, just like other cryptocurrencies, will gain its value from involvement — hence the 15 billion coins, which will make it a social coin. If you are there thinking that this ICO is a scam, relax, because it isn’t. The developers will hold all the unsold coins in Escrow, and all the Escrow addresses will be shared with the public to maintain transparency. According to Bitcoin Talk, make sure you always use an Escrow service to reduce the chances of getting scammed.
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