Topic: [ANN] PAYPRO - launches the 1st truly decentralized financial-marketplace - page 13. (Read 6642 times)

how to achieve paypro goals?
we built the first universal purse capable of storing the most popular crypto-currencies and the ERC-20 tokens.

What is Paypro?
PayPro is a financial marketplace where any Decentralized Application (dApp) will be able to offer its services. Thus, dApps will be competing among them to become your supplier, not the other way around as with banks.

PayPro is the first bank to decentralize with the blockchain technology of smart contracting systems and will make the future very bright

yes, I totally agree with your opinion

Paypro is a project that allows everyone to trade, no wonder if Paypro has many customers and can make its customers satisfied with its cooperation delivering the lives of its customers to the better in the future.

looks very interesting, after added images in thread .. good luck and prosperity forever paypro

does anyone know, when is Paypro bounty over ?

besides paypro also have a team that is very experienced, berprofesioanal and of course responsible

We share this article with you as we are looking fro feedback from the community, please feel free to share your thoughts!

Overview

PayPro is going to issue two type of tokens; PYP and zPYP. On the one hand, PYP is the only currency accepted within the marketplace. On the other hand, zPYP is used as a rating system within the marketplace.
Distribution of tokens

PYP will be first distributed on an Initial Coin Offering (ICO). Once the market has acquired enough tokens, these tokens will be trading on Exchange Platforms so any individual can have access to them and thus buy services on the marketplace. zPYP will be allocated to users and dApps from our Pool. The pool will initially hold a number of zPYP that will allocate as a reward for rating to users and as a reward for getting high ratings to dApps. Both users and dApps can exchange zPYP for PYP, but PYP can not exchanged for zPYP. Otherwise the system would be corrupted.

Workflow

Workflow: User


1. User exchanges any crypto-currency, such as Ether or Bitcoin, for PYP on an exchange.
2. User seeks for suppliers of the service that he is looking for. dApps with best ratings will be positioned better and thus.
3. User chooses a dApp.
4. User buys the service that he was looking for and pay a transaction fee in PYP to the marketplace.
5. User receives the service.
6. User is asked by PayPro to rate the service provided by the dApp.
7. User rates the dApp.
8. PayPro’s Pool rewards the user with PYP for his contribution.
9. User become loyal as more zPYP is accumulated.
10. User exchanges zPYP for PYP.
11. If the user stops transacting, zPYP will be progressively taken back to the pool

Workflow: dApp

1. dApp post a service on the marketplace.
2. A user decides to buy a service from the dApp.
3. dApp receives PYP and pays a transaction fee in PYP to the marketplace.
4. User rates the dApp.
5. The Pool allocates a number of zPYP to the dApp according to the rating.
6. The more zPYP the dApp received, the better positioning.
7. Whenever the dApp decides, it can exchange zPYP for PYP.
8. dApp decides to improve the service out of the feedback received.
9. If the dApp stops transacting, zPYP will be progressively taken back to the pool.
10. Workflow: PayPro Pool
11. Pool holds zPYP and PYP.
12. Pool receives PYP from a user buying a service from a dApp.
13. Pool receives PYP from a dApp selling a service to a user.
14. Pool receives a rating order from the user.
15. Pool allocates a number of zPYP to the dApp in accordance with the rating.
16. dApp receives zPYP.
17. Either the dApp or the user decides to exchange zPYP for PYP and sends a sell order to the Pool.
18. Pool accepted the order at fixed price of 1 zPYP = 1 USD.
19. Pool sends PYP in exchange of zPYP.

Token Allocation

Whereas rewards to users are always fixed and hence there is no room for further consideration, the calculation of zPYP rewarded to dApps plays a critical role in order to build a well structured ranking of suppliers. In order to do so, we will use a the law of Zipf.

Zipf’s so-called law, formulated in the 1940s by George Kingsley Zipf, a linguist at Harvard University, is an empirical law according to which in a certain language the frequency of occurrence of different words follows a distribution that can be approximated by P n ∼ 1 / n a  where Pn represents the frequency of the nth most frequent word and the exponent a is a positive real number, in general slightly higher than 1.1 This means that the second element will repeat approximately at a frequency of 1/2 of that of the first , the third element with a frequency of 1/3 and so on. A non-empirical, but more precise, law derived from the works of Claude Shannon was discovered by Benoît Mandelbrot.

The law of Zipf is fulfilled for most languages, including for non-natural languages such as Esperanto.
We have chosen this model for the following reasons;

- It delivers a fair rating to dApps who have contributed to the marketplace by offering a transparent and value-added service that has already been proved in real life.
- It rewards with large amounts of zPYP to those dApps who have contributed mostly with great services.
- It also rewards dApps with low ratings so they still feel encouraged to improve and keep working on the marketplace.


Loyalty Program

Users will be encouraged to rate dApps by rewarding them with zPYP. As zPYP can be exchanged for PYP, users can monetize their work. Therefore, the accumulation of zPYP as a way of generating income to the user, will be used as a loyalty mechanism.

When viewed from Whitepapernya transactions using their own tokens and do not need eth for gassnya. I think this project will be a success

For that Paypro in established to facilitate transactions only with technology or internet easily and quickly.

I agree with you, paypro is not difficult to use or easy everybody to use it.

So far, paypro has developed iOS apps that make it possible to store BTCs, but this is proof of a concrete concept created for the purpose of paypro user experience. As a is perfectly designed in the near future dAPpp apps that are hired by paypro tokens should be generated as proof of value generated on the app. Decentralized blockchain should be used to store data and records of operations to avoid a central point of failure.

paypro has a team that works well, and no wonder if Paypro will work well and will bring a better path

Hello all! We have released a new article talking about the economics of our tokens.

You can read it here: https://medium.com/@pablo_38603/token-economics-ebeaf9b68fa9

Any thoughts on that? Looking forward to hearing your feedback!!

Best 

This is a project that many favored by many people. Because this project is great for investors. Moreover, the project has been advertised through social media and the response was positive. A success for everything.

Paypro one of the creators of a truly decentralized financial market. A success for Paypro.!!

I think, is there a gift campaign in this Paypro Project for an article or blog?

I agree with your opinion, this paypro has a team that works well, and no wonder if Paypro will work.

paypro is one of the projects that has its own interest, has a team that is very compact and professional