Paygine ICO Review: White Label Solution Bringing Traditional Banking To Crypto Services

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FinTech projects are dominating the scene, especially in the blockchain community. Banks and financial institutions are in constant need of evolution: those who don’t apply the market’s latest offerings and facilities will stay behind and lose important ground to an ever-growing list of competitors.

As is, financial services need to be available for everybody, and not only for the elite. Granted, in big cities and developed countries, you could talk about some degree of equality, but in developing and third-world nations, only a small portion of the population has fair access to these offerings and opportunities.

FinTech solutions take care of the described inequalities to a degree, but who takes care of FinTech issues? Paygine appears as a logical candidate.

Paygine: Best2Pay technology applied

In short, Paygine consists of an all-purpose financial platform that performs its operations within its very own banking structure. Its primary goal is to help FinTech and cryptocurrency-related projects or propositions perform critical functions such as transfering funds, crypto exchange, and payment for actual items and services.

Insurance companies can enjoy e-invoicing, scoring, foreign exchange, and money transfer services, among many other services.

The protocol: how does it work?

Paygine has all licenses required for unlimited usage of Pay Engine technologies and products. The latter is a well-known company, with successful experiences at firms such as American Express, SEB, Bank St-Petersburg, Sberbank, Renaissance Credit, ABN-AMRO and RBS. Pay Engine Limited own the Best2Pay brand, which launched the Best2Transfer platform with the help of Visa and Master Card.

  • Token name – PGC token
  • Total amount of tokens issued – 151,750,000
  • Token price – 1 USD = 1.3 PGC

Token Generation Event date:

  • Pre-sale – 26th December 2017
  • Private Sale – 18th May 2018 – 17th June 2018
  • Crowdsale – 18th June 2018 – 17th August 2018
  • Soft cap – 3000000 USD
  • Hard cap – 30,000,000 USD

The token: PGC

The key to the Paygine ecosystem is its associated cryptocurrency. The Paygine token, or PGC, will serve as the tool to gain and hold value in the platform.

Some of the applications of the PGC token are payments for the platform’s services by entities (clients) with additional discounts from 10 to 30%; payment for goods and services provided by the platform’s clients with additional discounts from 10 to 30%; and internal (technical) currency that ensures global remittances on the platform.

Token allocation

  • Investors: 41 508 000 PGC (27.92%)
  • Project team members: 22 500 000 PGC (14.71%)
  • Reserve: 87 742 392 PGC (56.59%)

Tokens retired to the bounty will be: 1 191 608 PGC (0.78%)

Advisors & Partners

  • Kirill Radchenko: CEO of Paygine LLC (US); Сo-founder of Pay Engine Limited (UK)
  • Michael Luposhtyan: Senior Vice President of Paygine LLC (US); Сo-founder of Pay Engine Limited (UK)
  • Maxim Neshcheret: Business Development Director of Paygine LLC (US); Owner of KRUT PTE LTD (Singapore)
  • Raniya Luposhtyan: CFO of Paygine LLC (US); Co-founder of Pay Engine Limited (UK)
  • Alexander Petrov: Chief Technology Officer of Best2Pay (Russia)

Advisors

  • Azat Nugumanov: Partner
  • Anastasia Klimenko: Vice President
  • RBM Advisory Team Members
  • Gary J Ross: Partner, Ross & Shulga PLLC
  • Arina Shulga: Partner, Ross & Shulga PLLC
  • Salah Abci: Partner, Grant Thornton
  • Byanmunkh Volodya: Director, “Truly Digital Bank”
  • Djibril Diallo: Vice-President, TransferTo

Social media presence and digital footprint

  • Twitter – 1265 followers
  • Telegram –147 members
  • Instagram – 131 followers
  • LinkedIn – 71 followers

Competition

Paygine holds a critical competitive advantage over similar projects and competitors, and it consists of its ability to leverage its existing platform and technologies that are currently used by FinTech businesses, e-commerce, and beyond.

There is strong competition in the field, though, and that can’t be denied. Projects such as Debitum Network, Monzo, Aragon, and We Trust have had varying degrees of success.

Conclusion

Paygine provides endless FinTech solutions for every actor involved in the industry, from peer-to-peer aggregator platforms such as Airbnb, Avito, Uber, and Freelance.ru; services that create e-wallets and crypto-wallets; systems for international money transfers based on cryptocurrencies internet shops, FinTech companies, and insurance companies.

By using the Best2Transfer system created by the Best2Pay and Pay Engine folks, Paygine promises to solve some of the most critical issues existing in the FinTech field.

 

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