ICO Review PrepayWay

PREPAYWAY

THE NEW PARADIGM OF INTERNATIONAL BUSINESS CONTRACTING

About the project

The project that we will consider today is called – PrepayWay. This project intends to change all existing business processes, creating its own decentralized system within which a new paradigm of international trade relations will begin to exist. Simply put, PrepayWay seeks to improve trade relations between its participants from real estate transactions to large international commercial transactions.

Smart contract power

I think you have heard many times that the presence of a smart contract in a decentralized community helps to regulate any relationship between its two participants or the parties. In this ecosystem, this is no exception, since by means of smart-contact representatives of different parties will be able to conclude a legally correct contract, which is drawn up by professional lawyers and in accordance with the legislation of the country in which they are residents.

To understand what is happening, I propose to consider a small example of interaction between the two participants in the real estate market.

Advantages

Thus, we see that this approach can simultaneously solve a number of problems. Moreover, PrepayWay has a number of advantages that I would like to list:

first, you are not limited by the scope of the space, that is, you can make trade, commercial and any other transactions wherever you are and from what country would not be your business partner;
secondly, examples of contracts are drawn up in different languages to make it easier for you to learn them and not to waste time on their translation;
third, contracts are always drawn up by professional lawyers, which increases the overall level of security of your transaction;
fourth, the contract is drawn up in such a way that its information form is accessible and understandable for each of the parties;
fifth, the developers made sure that the services for payment were the most accessible and convenient for all participants of PrepayWay. That is why they provide such an amazing opportunity to pay for transactions in both Fiat and electronic currency;
sixth, the use of blockchain technology allows not only to securely store all records, but also to protect them from any hacker attacks and other fraudulent activities. What I think is very important, especially given the current situation on the international market of trade relations.

In fact, the advantages of PrepayWay still a lot to list all of them I don’t see the point. I think these points are enough to ensure that you have a more or less clear picture of what is the project.

The details of the ICO

To you, the end user had the opportunity to use the services PrepayWay, you need to purchase their internal token – InBit. Because it is he who carries out the life of the platform and activates the smart contract. This token is a standard utility token (ERC20). The initial cost of which for 1 InBit is 0.01 EUR. In total, the developers intend to issue 12.763.636.364 tokens, of which 650 million will be allocated for sales (pre-sale and ICO), and the remaining part will be distributed among the team members, its advisors, the remaining tokens will remain in the reserves of the company. All unsold tokens at the time of sale will be burned.

Information about the token and upcoming sales:

Token type: utility

Standard Token ERC-20: can be exchanged at a later stage.

Generators of tokens PrepayWay AG subsidiaries

Starting price InBit at ICO 1 InBit = 0.01 US dollars

Sale hard cap: USD 50,000,000

Sales soft cap: no limit

Sales limit (including private and presale discounts) 6,500,000,000 InBits

Company reserves: 3,900,000,000 InBits

Consultants, community: 1,378,787,879 InBits Team

members: 984,848,485 InBits

Total offer limit: 12,763,636,364 InBits

Iko will be held in 2019

Registration in the white list starts in December 2018

Level 1 presale preparation, January 2019.

Number of rounds: 7

Token distribution 30 days after completion of the main sales

50% of InBit tokens allocated to the team will be concluded in smart contracts for 2 years;

25% of InBit tokens allocated to the company’s reserve will be transferred, blocked in smart contracts for 1 year;

25% of InBit tokens allocated for the company’s reserve will be concluded in smart contracts for 2 years;

For depositors, the amount of which exceeds 1 million USD, the following schedule of rights is applied (applicable rate: 1 InBit = 0.01 USD)

25% of the amount exceeding 1 million USD. for 6 months

25% of the amount in excess of 1 million. US dollars. for 12 months

25% of the amount in excess of $ 1 million. for 18 months

25% of the amount in excess of $ 1 million. at 24 months

Conclusion

I believe that this kind of project has every chance to take a leading position in this segment of the market. Since its idea, tools and functions are aimed at solving existing problems in the international market and their quality solution. What I think is an important fact! Moreover, the developers of PrepayWay do not intend to reveal the full potential of blockchain technology alone, they plan to create a synergy of strategically important partnerships with existing ecosystems, combining their efforts for the further growth of blockchain technology.

However, do not forget that my article is only a superficial review and does not affect all the deep processes of the project, the knowledge of which will allow you to study it in more detail and to fully understand the essence of PrepayWay. Therefore, I strongly recommend you to read both the technical documentation of the project and its official media resources. As always, you will find all the necessary links at the end of the article. And I have on today all!