Paygine (PGC) Overview
Paygine is an open Financial Blockchain platform for Fintech and Crypto business.
|Start of Pre-ICO||26.12.2017|
|End of Pre-ICO||26.12.2017|
|Start of ICO||18.06.2018|
|End of ICO||17.09.2018|
|Initial price||1 PGC = 1 USD|
|Total tokens||151 750 000 PGC|
|Hard cap||30 000 000 USD|
|Soft cap||3 000 000 USD|
The project is designed to serve FinTech and crypto-business needs in areas of money remittance, cryptocurrency exchange, and payment for “real” goods and services under White Label solution. There will be high demand for project services among a wide range of companies wishing to start accepting crypto currency payments or developing their own financial services based on crypto currency, if the project will be fully and competently implemented.
Token is used to pay for goods and services on the platform by pegging the minimal rate of 1 PGC=1 USD. Tokens can be purchased at the Pre-ICO and ICO stage with a discount of up to 29%, by adding bonus tokens for the purchase. This measure is designed to insure the investor from excessive depreciation of the asset.
Paygine is designed to solve crucial problems of the crypto-currency market that deter it from reaching the next level . However, the introduction of the cryptocurrency regulation at the international level will reduce the severity of the problem and will result in increased competition from both traditional banks and other payment systems.
Top team members have the long-term experience in the banking sector and are the management team of the processing center Best2pay - one of the leaders in online loan repayment and peer2peer transfers. The project developers have limited experience in Blockchain, which is not essential for the implementation of the first stages of the road map.
It is not clear whether the partners of Best2Pay are guaranteed future consumers of project services, or what is the level of involvement of Best2Pay partners in the project implementation process.
Marketing strategy after ICO is not disclosed in public domain. ICO marketing campaign includes an extensive bounty, airdrop and active promotion in social networks.
In addition to inherent risk of crypto industry, we identified market risk associated with potentially strongly competitive market.