After discussing details about PumaPay Protocol's vision, mission, features, and technology, in this last article we will discuss more details about PumaPay Tokens (symbolized by PMA). PMA Tokens will become a facilitator to perform PullPayment functionality for transferring value between parties within the PumaPay protocol ecosystem. The tokens obtained can be converted to or from different types of cryptocurrency and fiat. As an Ethereum-based platform, PMA
Tokens will be developed as an ERC223 token (PMA V1.0).
PMA Tokens will be directly used as a means of payment since the first day of its launch and also as a facilitator on Token Generation Event (TGE). TGE will be a way for PumaPay team to raise funds for protocol development as well as PMA Token. Tokens will be available for purchase starting on April 26, 2018 at 12:00:00 (UTC) on PumaPay official sales website https://ico.PumaPay.io. The token sale will be held for 7 days at a fixed price that is denominated to ETH.
During TGE, PumaPay will offer 5% special bonus for contributors that contribute a minimum of 6 ETH. The team will also set a special price for the contributors who make the purchase at a predetermined time, including on the first 24 hours earning 50,000 ETH ratio/ PMA, on the 2nd day 40,000 ETH ratio/ PMA, on the 3rd day 30,000 ETH ratio/ PMA, and on the 4th day until the last day 25,000 ETH ratio/ PMA. Hard-cap of the TGE is at 150M USD and 20K ETH for the soft-cap. If the threshold is not met, then PumaPay Project should be canceled and the funds will be given back to the contributors.
PumaPay Tokens sold at TGE event represents 20% of the total PumaPay Tokens to be released. The remaining 20% will be allocated to launch partners and early users, 35% will be allocated to Decentralized Vision Ltd. for the development of protocol and PMA Tokens and also as a reserve for the company, 15% will be allocated to advisors who support, promote and raise funds during TGE, for professional fees, prizes and bonuses, and the last 10% will be allocated to founders and teams that will gradually held for a period of 12 months.
Within six months after TGE, PumaPay team will introduce a final version of the token (PMA V2.0) which will then be developed through next-generation blockchain, can be ORBS or EOS with synchronization on all functional PumaPay Protocol. Holders of PMA Tokens can convert their V1.0 tokens to V2.0 by sending them to a special smart contract that will return a PMA V2.0 token.
Funds earned through TGE will be fully utilized for platform development. 40% of total fund will be used for protocol implementation, 27% for development and operational costs, 20% for advisors fees, consultants and TGE costs, 10% for founders & team costs, and 3% for liquidity costs.
Thus all details about PumaPay Protocol are expected to become a platform that will help merchants to increase their sales and earn more profit without having to spend excessive expenses. If you are interested as the part of PumaPay, please check directly to PumaPay official website as mentioned above and prepare to contribute in TGE which will be held in the near future.
More Info :
ANN Bitcointalk : https://bitcointalk.org/index.php?topic=2658299.0
Website : https://pumapay.io/
Telegram : https://t.me/PumaPay
Twitter : https://twitter.com/PumaPay
Facebook : https://www.facebook.com/PumaPay/
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