PAYTAILOR
The world is sprouting from one stratum to the other with virtual economy taking center stage. Revelations have proven that the ‘cashless’ economy concept is gradually coming to reality. It has been estimated that a great percentage of developed economies in the world are implementing the usage and application of the payment industry in a bid to totally redefine how payments are carried employing the technicalities of the modern Information and communication technology-driven payments channels and mechanisms. The online market is undergoing serious remodeling sequel to the challenges of making payments across the online tool without merchants losing some parts of the fund to unremitting intermediaries which makes the entire process really stressful and further does not support 21st century expectations and demands. In some quarters, payment with ‘card’ is very rare while others are exploitatively over-charged, making users feel cheated and merchants grumble for losing to make a transaction online using the conventional institutionalized financial establishments. As a die-hard user of the ‘payment card’ world, I have also shared the challenges of the industry but continually looking for better ways to transact, interrelate and interexchange better. In my quest, I ran into https://www.paytailor.com/en/ico. Paytailor is a decentralized and community-driven platform working mind-numbingly to transform the payment methods of merchants and allow customers pay with card or other virtual assets without the usual high cost and technical issues. The platform will do this by creating a secured, efficient and people-centered platform for customers and merchants to meet, discuss, do business and book schedules. The idea is hinged on the concept of the smart shop where participants can relate without certain barriers experienced hitherto by centralized firms. At first glance, the platform will appear as an ostensibly dual mobile app. This was prompted by the market demand for a dual system that is well orchestrated to enhance buying and selling between and among merchants and customers. Core of the solution is API connection with Paytailor system, which means that on a merchant side, different products can be used to commence payments. On a merchant side different payment solutions can be used, such as payments invending machines, point of sale systems or e-commerce solutions. The following illustration gives a guide on how the platform will work on the merchant’s side.
On the side of the customer, the picture gives a clue of how it works in the platform.
To get a comprehensive detail about the functionalities of the platform, download ‘White Paper’ at https://www.paytailor.com/en/whitepaper.pdf. The platform have made payments very easy as customers and merchants does not need to create separate bank account rather it works with existing bank details without direct access to the users data, as such permission and right of entry is exclusively reserved for banking institutions. It’s a total re-integration scheme where decentralized platform like this can cross-fertilize business without limitations, whatsoever. To illustrate the more about the platform, the sketch below will do some justice to the concept.
Paytailor makes revenue by licensing software on monthly basis. That means 10€ subscription fee and licence fee 0.02€ per each transaction. To help the developers achieve the outlined project and other related proposals of the platform, ICO is out for offer to allow other market participants take active part. The token use in transacting in this platform is the PT tokens. Paytailor transfers 10% of profit of Paytailor Institution to the Ethereum (ETH) wallet containing the smart contract. Considering ETH price 300 USD, the platform’s 1st target is 100 000 USD (Approximately 335 ETH). On a second state and in a bid to expanding to UK, the target is 300 000 USD (Approximately 1 000 ETH). The 3rd stage will witness the adding payment in cryptocurrencies with target of 1 200 000 USD (Approximately 4 000 ETH) including adding several ERC20 tokens and going to EU market. On a forth scale, the target is set at 3 000 000 USD (Approximately 10 000 ETH) coupled with more expansion in EU. The last stage’s target is 6 000 000 USD (Approximately 20 000 ETH) plus Integrating Raiden Network. The diagram below shows how tokens will be distributed at the end of the ICO to participants as reward for sharing, supporting and investing into the concept of the market.
The ICO proper will follow after the Pre-ICO event. Pre-ICO is LIVE now! It started since 11:00 am (UTC) 04.11.17 and will run till 11:00 am (UTC) 30.11.2017. During presale period you can buy tokens 31, 21% cheaper. After the presale period, as of 20th of November, the tokens are available with the regular price. To get the PT tokens, subscribe at https://www.paytailor.com/en/ico. Paytailor is a community-driven platform. To connect to other participants of the platform, log on to social media via;
Authored By : https://bitcointalk.org/index.php?action=profile;u=1271411
Wallet Addr : 0x2e9bF8cB36529b29625Fe6df9834e66Be76bF312
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