|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||June 20, 2019|
|End||August 28, 2019|
ICO description, Technical Details and Documents
Pcore Limited is the London-based IT company that is currently working on the development of the blockchain-based smart platform that enables transparent peer-to-peer invoicing. The employment of smart contracts, as well as the PII protocols and the Altman Z-score model, helped create the identification and invoice processing system that is fully automated, decentralized, secured from tampering and other fraudulent activities, and is characterized by the presence of unique features, such as binding a fingerprint to each individual transaction within the network.
PCC, the native ERC-20 token, acts as a prime engine of all processes that take place on the platform and serves as a means of payment, exchange, and trade. The tokens are now available for purchase as a part of the ongoing ICO.
The concept beyond Pcore goes beyond the simple issuance and payment of invoices: it offers small and mid-sized businesses an opportunity to benefit from using such services as factoring and invoice discounting.
For your information, factoring involves a sale of account receivables to other market participants. Receivables is the amount of money that a company has to acquire via invoice for goods or services rendered to another company. Whereas invoice discounting is the process that provides for the short-term borrowings of unpaid receivables as collateral for a loan.
All these operations are to be carried out between the following types of users of the Pcore platform: the invoice issuers, owners, and payers. In both cases, the invoice can be transformed into an instrument that allows the obtainment of liquidity for factoring purposes. Moreover, the issuance and transfer of invoices via Pcore provide means for the prompt auditing, formation of credit rating, and loan approvals.
The implementation of such technological solutions as the ERP system, Ethereum smart contracts, and PII protocols that form the Hive structure, helped Pcore to develop the network where the processes of data validation, invoice management, risk assessment, performance analysis, and invoice covering are seamless, transparent, and secure.
The PPC token can be used for invoice settlements, obtainment of interest payments, and trading. The token can be exchanged to fiat currency directly on the platform or traded against other cryptocurrencies on partner exchanges.
The project came into existence in early 2019, and as one of the first orders of business decided to carry out the token sale. The launch of the Pcore platform is planned in October of this year, followed by the development of the proprietary software (March through June of 2020) and the expansion to the Chinese market.
Pcore has a relatively small audience on all platforms: Facebook - 477 followers, Twitter - 284, and Telegram - 2,923 group members. The published content is of low quality and consists mostly of memes and not overly sophisticated marketing messages.
The sale of PCC will last until August 28, with 20 million tokens allocated for sale out of the total supply of 52 million PCC. The startup will try to hit the hardcap of $5 million. The basic token price is established at $0.39 for 1 PCC. Pcore accepts only Ethereum - a 10% bonus applies for all those who purchase more than 100 ETH worth of tokens. The list of restricted areas includes the United States and China.
* Crypto Rating accepts no liability for any errors in the Pcore ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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