Paymon is just one of the a lot more intriguing tasks in the ICO room today. Among the prime factors is that Paymon currently has a functioning application. Its MVP is readily available on 3 systems – Web, iphone, as well as Android. This is a rarity in the existing atmosphere as well as exactly what makes us so ecstatic regarding this task.
The task intends to produce a blockchain-based exchange system where customers could trade money as well as share messages in a protected way. Every one of this will certainly be powered by a brand-new scalable blockchain innovation called Hive. Hive uses atomic swaps, a modern technology that enables swaps in between various electronic money without the demand of an exchange system.
The Paymon cryptocurrency will certainly be based upon Directed Acyclic Graph (DAG). DAG is a much better, enhanced variation of Blockchain. This innovation has actually been made use of for centuries, among one of the most renowned firms to utilize it is IOTA, that adjusted it for the Internet of Things (IoT). Paymon, unlike IOTA, utilizes this innovation on individuals, that will certainly have the ability to have quick purchases many thanks to DAG.
Two Key Components – the Paymon Platform as well as the Paymon Cryptocurrency (PMNC)
The Paymon Platform will certainly initially provide a decentralized token exchange that will certainly enable as well as integrate all kinds of the blockchain The 2nd is a system for developing clever agreements with reprise as well as preconfigured materials. Third as well as 4th are an API for programmers as well as they establish community where makers have the ability to sustain growth on the system.
In enhancement, the system will certainly integrate the following:
- Security system for both programmers as well as customers
- The capacity to produce your personal token or cryptocurrency
- The capacity to arrange as well as introduce your personal Token Sale (ICO)
- Mobile repayments as well as economic purchases
- Confirmation of properties belongings
- Voting as well as score system
- Authorization as well as verification verification
The 2nd element is the Paymon Cryptocurrency (PMNC). PMNC has all the vital attributes of an electronic money:
- No deal charges
- Fully decentralized
What establishes PMNC in addition to various other electronic money is its concentrate on the adhering to vital drawbacks of various other electronic money:
- Safekeeping of funds
- The opportunity of property development
- Instant exchange of money in between the network customers
- One typical user interface for financial investments in traditional possessions, money, as well as cryptocurrencies
- Forex hedging
When you integrate both parts, we will certainly see even more customers get on the Paymon Platform which will, then, bring about value gratitude of PMNC.
The ICO intends to disperse a total amount of 1 billion PMNT symbols, 400 million for the preliminary, 250 million for the 2nd as well as 200 million for the 3rd. The remainder, 150 M will certainly be kept in get. These symbols could later on be traded for PMNC or Paymon coin, the electronic money that operates Hive which will certainly work on the system at a proportion of 1:1.