“Paytomat” — icoTokenReviews.com
icoTokenReviews about Paytomat:
Token PTI
Pre — ICO Price 1 PTI = 0.0001 BTC
Country Estonia
Platform Waves
Website https://tokensale.paytomat.com/
Whitelist/KYC KYC & Whitelist
ICO 1st August — 20th August 2018
Tokens for sale: 17,555,000
Soft cap 455.5 BTC
Hard cap 1755.5 BTC
Max potential supply 23 Million Tokens, all unsold tokens will be burned
Token Supply Breakdown 80% — Public
10% — Team & Advisors
7% — Early Stage Fund
3% — Bounty
WHAT IS THE PROJECT ABOUT?
● Paytomat is a blockchain-based payment processing system created to help merchants, consumers and crypto core teams to find each other and create real life traction for cryptocurrencies as emerging method of everyday payments.
● Built as a decentralized autonomous organization and decentralized franchise, Paytomat features two unique loyalty programs based on the PTM coin, incentivizing merchants to accept payments in crypto, and PTX token, incentivizing end customers to pay with crypto.
● The Paytomat business is structured as a decentralized autonomous organization, incorporating elements of the decentralized franchise.
IDEA:
● Paytomat is a platform to incentivise transactional usage of crypto through a decentralized network of point-of-sale terminals.
PROTOTYPE PRODUCT:
● In Ukraine, their home market, Paytomat already works with software created by Poster and Profit Solutions, covering more than 150 merchants, which are predominantly cafes and restaurants.
● They are launching Paytomat in Amsterdam on 7th May 2018.
WHITE PAPER HIGHLIGHTS:
● The primary goal of Paytomat is increasing the penetration of cryptos as payment instruments. Paytomat achieves this by providing a reliable and feature-rich solution for accepting cryptos and paying with them.
● PTM coin is an additional stimulus for merchants, incentivising them to accept crypto. It estables a sui generis loyalty program for merchants, who decided to start accepting crypto.
● PTX token rewards end customers for paying with crypto in the same manner your pharmacy or grocery loyalty card accumulates rewards and special bonuses every time you spend money with these service providers.
● Paytomat is a set of software solutions, both: web-based and native. It is compatible with most major operating systems and commercially available hardware.
● Their ecosystem Consist of:
○ Paytomat Core or PTM Core — a combination of the Database, the Processing Server operating this database and a set of APIs connecting this database to various outside actors like merchants or crypto core teams.
○ A set of payment processing gateways. Gateways interpret the business logic of their payment partners to their Core, making this communication uniform.
○ Paytomat all-in-one multi-currency wallet, which allows sending and accepting crypto available within their ecosystem.
○ Gateways can perform the function of an interoperability interface between Paytomat and other payment ecosystems, like BitPay, Coinbase, CoinGate, Graft and others.
○ Logically, initially the crypto:fiat payout ratio will be 1:10, 1:100 or even less. However, 1, not 0 in the left part of the proportion is what truly matters here.
● Paytomat wallet will use several services that are smartphone-friendly, including geo-targeted push notifications, discounts and rebates, built-in merchant’s map, etc.
● PTM crypto uses a forked blockchain, which is one of the fastest in the industry, supports atomic swaps and allows issuing tokens without having to use Turing complete smart contracts.
● To ensure the reliability and enhanced flexibility of the PTM blockchain, without relying on expensive and environmentally unfriendly mining [Ohnesorge], they introduced the Point-of-Sale as Proof-of-Stake (POS as PoS) distributed consensus algorithm.
● PTM will be the foundational currency of the PTM blockchain, a fork of one of the major and the most technologically developed blockchains, providing transaction throughput that is among the most efficient on the market.
● PTX rewards customer spending with loyalty tokens sent directly to customer’s wallet.
● Paytomat wallet will consist of 2 mobile apps: the customer wallet and the Mobile POS. The difference between these two is the target audience.
● Customers, who can be both individuals and business owners, will use the wallet to perform daily financial operations. In contrast, the mobile POS will be used by merchants only as a substitute for a printed QR code receipt or an invoice displayed on POS terminal.
● Paytomat gives merchants a feature to add and edit their locations on their map and activate/change/deactivate the status of crypto payments for each of their locations.
● Advance Features:
○ Hardware Wallet Support
○ Multi Signature
○ Vault / Cold Wallet
○ Bills payments
HYPE SCORE:
● 4.7K telegram users, 2.7K Facebook followers and 1.8K Twitter Followers.
● 4.2 Ratings as per ICO bench
● It has got 346,790 YouTube views.
LONG TERM ASPECTS:
● The crypto exchange is one of the most crucial functionalities that must be instant, secure, trustless and free. Unfortunately, the current implementations (Shapeshift or Changelly) lack all of the aforementioned.
● Paytomat is planning to solve this issue via atomic swaps, a technology that is rather new but it’s going to become mainstream as soon as it is embedded into wallets for major cryptos, in an easy and intuitive form. [Yocom-Piatt]
● They are ready to transform our team from a startup into a structured corporation lead not by a mere passion, but by the weekly sales committee.
