INTRODUCTION
Businesses often function and are kept afloat with the help of credit being unable to negotiate payment terms between buyers and suppliers has been a major problem, especially for small and midsize businesses. This categorization is based on the staff size, a business is considered to be small scale when it has less than 100 staff while midsize business usually have less than 1,000 staffs but not below 100 staffs.
Small and midsize businesses can easily go insolvent without a reliable and steady cash-flow to keep them afloat; having a steady cash-flow has been a problem for small and midsize businesses thus making them rely on credit to function, problems often arise for such businesses due to the delay credit terms of sales. But with the introduction of InstaSupply/PayBlok token, automated approval system etc. generated by Lee Pruitt and Tim Huegdon the founding fathers of InstaSupply platform a solution could have well been found for small and midsize businesses for their problem.
INSTASUPPLY
InstaSupply; an online platform established to create a simplified transaction environment for buyers and suppliers to interact and conduct business quickly, effectively and efficiently with 2,000+ companies using InstaSupply every month and transaction volume surpassing $ 60 million/year .
After been successful in creating a simplified environment for small and midsize businesses, the founding fathers (Lee Pruitt and Tim Huegdon) of InstaSupply decided to go further to help with the delay in credit terms and cash-flow of small and midsize businesses by offering, in addition to their existing platform an early payment function with the creation of a business network between buyers and suppliers by matching specific needs like invoices, purchase order and delivery which enable the proper management of payment.
PROBLEMS FACED BY SMALL AND MIDSIZE BUSINESSES.
- Elongated payment process
Due to the involvement of a third party during the purchase/rendering of services, it takes longer time for the transaction to be completed and this takes a negative toll on one side of the transaction affection the supplier. The transaction process is refer to as purchase-to-pay on the buyer’s section and order-to-cash on the supplier section, and their necessary step that needs to be taking before fund gets to the supplier.
- Late payment time
Late payment are sometimes intentionally done by the buyer or as a result of the transaction processing time, 30% of small and midsize businesses quota for late payment as a result of the earlier mention reasons.
WHAT INSTASUPPLY HAS TO OFFER
Instasupply offer a variety of solutions to small and midsize businesses through the following medium;
PayBlok tokens
Having the payblok taken doesn’t give the owner shares/right of any kind to instasupply, rather it allows the owner to trade on the platform without restriction or participation from instasupply.
It also allows instasupply to offer a range of products that which purpose is to solve problems faced by small and midsize businesses, these products are as follows;
An integrated payment solution
Supply chain financing
Asset-based lending
Integrated payment solution
It allows the buyer’s cycle (purchase-to-pay) to be formed on a single platform (InstaSupply) eliminating external manual activities thus creating a secured ecosystem for the transaction to take place.
Supply chain financing
Having a secured ecosystem for transaction invoices can be automatically approved without having any delay, delay usually caused by manual involvement .
Asset-based lending
This allows the lending of funds to occur with easy by using PayBlok token as collateral, if the loan isn’t returned as agreed the PayBlok token will be taken by InstaSupply .
VALUE EXCHANGE AND THE NETWORK GROWTH
The success of the platform is dependent on the increased number of users, so a bulk of the budget was allocated to acquisition of more customers with an intention of adding to the already acquired 2,000+ customers.
With an experienced sales and marketing team on ground InstaSupply looks to attain the prior success with three approaches which are as follows; inbound marketing, partnership and integration.
PAYBLOK TOKEN INFORMATION
Token Name: PayBlok
Token Symbol: PBLK
PRE SALE: 15 MAY 2018 - 15 JUL 2018 (0.1 USD = 1.0 PBLK)
PUBLIC SALE: 27 AUG 2018 - 23 SEP 2018 (0.1 USD = 1.0 PBLK)
PLATFORM: ETHEREUM
ACCEPTING: BTC, ETH, LTC
Soft Cap - $5,000,000
Target Cap - $15,000,000
Total Token - 250,000,0000
AVAILABLE FOR SALE: 60%
PROJECT TEAM
The PayBlok/InstaSupply token has a team of professionals from different fields. The team is led by Lee Pruitt and Tim Huegdon. Complete details can be seen on the InstaSupply/ PayBlok WHITEPAPER.
Official Contacts
Website: https://payblok.instasupply.com/index.html
Telegram: https://t.me/joinchat/HZSTLA9rcKJJZKXUHlHkfA
Twitter: https://twitter.com/instasupply
Facebook: https://www.facebook.com/instasupply
Medium: https://medium.com/instasupply-blog
Youtube: https://www.youtube.com/channel/UCoYhK-h2xW8oBy3KlxwK0bQ
Reddit:
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