PointPay is a London-based blockchain project, the core of which is comprised of technology and marketing specialists from Russia. The startup raises money through the sale of PXP tokens to develop a one-stop-shop for everyone who wants to pay, trade, or store cryptocurrencies.
The ultimate goal of PointPay is to create the three-faceted ecosystem on the foundation of the Ethereum blockchain. The ecosystem will consist of a bank, an exchange, and a multi-currency digital wallet.
The PointPay Bank will be capable of granting users loans in PXP, the projects native token compliant with the ERC-20 standard, as well as other popular cryptocurrencies. The project also plans to issue the virtual and physical debit/credit cards that work with both crypto and fiat. The Bank will also have a crypto Forex trading feature.
The PointPay Crypto Exchange will support cryptocurrency trading against fiat, along with futures, stocks, spot, and margin trading with a 1:10 leverage. In addition, the Exchange will have its own launchpad to facilitate token offerings by the emerging blockchain projects.
The PointPay Multicurrency Wallet that’s suitable for both fiat and cryptocurrencies and allows instant deposits in USD, EUR, and CNY. There is also a possibility for instant conversion of funds within the Wallet.
The PointPay project is currently conducting the first round of sale of PXP token, which commenced on July 22 and is due to last until March 23, 2020. It will be followed by two more ICO rounds, the first of which will begin on March 23 and end on November 23, 2020. The last round of the PXP token sale is scheduled to commence on the same date and run until July 23, 2021, thus completing the year-long ICO. The price of PXP will differ from round to round, and will be the following:
The event also provides for a token bonus, though there are no specifics to be found on the official website. PointPay offers 500 million PXP for sale, which constitutes 50% of the total supply. All unsold tokens will be effectively burned. 42% of acquired funds will be allocated for the platform and app development, 40% will be used for marketing and branding purposes. The fundraising goals of PointPay looks the following:
PXP tokens can be purchased with BTC, ETH, XRP, BNB, LTC, XLM, USDT, BCH, TRX, and EOS. The investment threshold is a mere $0.1. All interested buyers must get whitelisted and pass KYC. Crypto enthusiasts from Cuba, Iran, Lebanon, Syria, Libya, Sudan, Somalia, North Korea, and Yemen will not be admitted to the token sale.
| Pre-Ico Start date | May 22, 2019 |
|---|---|
| Pre-Ico End date | July 21, 2019 |
| Industry | Finance |
| Platform | Ethereum |
| Founded | 2019 |
| Website | https://pointpay.io/ |
| Whitepaper | Yes |
| Countries | UK |
| Start | July 22, 2019 |
|---|---|
| End | July 22, 2021 |
| 647 days left | |
| Token | PXP |
| Soft cap | $1 000 000 |
| Hard cap | $30 000 000 |
| Minimum investment | 0.10 USD |
| Tokens for sale | 500000000 |
| Accepting | BTC, ETH, XRP, BNB, LTC, XLM, USDT, BCH, TRX, EOS |
PointPay has a large and competent team with a pool of reputable advisors; the financial plan and the roadmap implementation strategy appear solid, too. However, PointPay tries to serve the dish that we’ve seen on the menu many times before. Literally every month I stumble upon a project that claims to have developed the “first-ever” crypto bank that issues debit cards and so on. None of them were able to capture the attention of the global audience, and I see to prerequisites for PayPoint to be any different at that point.
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