This looks like an interesting projects, reminds me of TenX. Hopefully you will be equally or more successful.
May I ask, what are the benefits of the token holder? How can token holders benefit? What will appreciate the price in the long-term?
Also, what are the differences to TenX?
May I ask, what are the benefits of the token holder? How can token holders benefit? What will appreciate the price in the long-term?
Also, what are the differences to TenX?
Holders of PYN tokens will receive 0.5% of the aggregate exchange rate revenue for cryptocurrencies to fiat and vice versa converted between the dual e-wallet of Paycent. This will initially be done quarterly with the bounty being paid in ETH to the PYN holders.
Paycentos token act as a Utility where the PYN will be used to pay property rentals, exchange fees, etc. We will run token buyback program in which, from the merchant MDR, tokens from the market will be bought and burned to appreciate the value.
Paycent is a complete payment ecosystem, bridging the gap between fiat and cryptocurrency for users to buy, transact, send and pay with any currency globally in real time.
I also would like to direct your question to our Whitepaper, here is the link for your reference: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf you may also visit our website at www.paycent.com for further details.
Snippets:
4.2 The Rewards for PYN to Token Holders
Holders of PYN tokens will receive 0.5% of the aggregate exchange rate revenue for cryptocurrencies to fiat and vice versa converted between the dual e-wallet of Paycent. This will initially be done quarterly with the bounty being paid in ETH to the PYN holders.
For the users of Paycentos Debit card, they will receive an addition 0.1% of each spend in PYN tokens as loyalties token-back (similar to cash backs from credit cards). This will create a secondary distribution of PYN tokens that will create an open market for PYN with a price support and price increase. We will NOT create new PYN tokens after this TOKEN SALE, to support the growth of the PYN in the open market.
9. Buyback and Rebates Programme
9.1 With our mPOS MDR 1.1%
(a) Non Paycentos cryptocurreny
• 1% is paid to Paycent for operational charge.
• 0.1% is used to buyback Paycentos directly from the market quarterly and then will be immediately burned. This will be done for the 1st five years of the merchant using our mPOS, after that the merchant will be charged only 1% MDR and the merchant will not be part of our buyback programme. As we will be expanding our merchant ecosystem, we will have an ever-increasing number of merchants contributing to our buyback programme.
(b) Paycentos Cryptocurrency
• 0.1% is paid to Paycent for operational charge.
• 1% is given back to the user in the form of “token back” and is deposited into the Paycentos e-wallet quarterly. This is to encourage our Paycentos e-wallet user to switch to Paycentos as a default cryptocurrency thereby increasing its demand.
(c) Special agreement with Forest.ae
• We have signed an agreement with Forest.ae to be their sole cryptocurrency e-wallet to collect rental fees in Paycentos from their rental property across GCC. We have negotiated a special MDR rate for the 1st five years.
9.2 With our mPOS MDR 1.5%
• 1% is paid to Paycent for operational charge.
• 0.5% is used to buyback Paycentos directly from the market quarterly and then will be immediately burned.
• With this buyback and burn with a finite supply of Paycentos, we are hoping to make Paycentos a compelling opportunity to hold with a diminishing supply and high potential for the price to rise.
