While the ICO model lost its popularity back in mid-2018, when the bearish market was as its strongest, and the regulators around the world cracked down on it - the model is still very much alive. There are coins that are being sold to this very day, and one of the currently on-going ICOs with a lot of potentials is PrepayWay ICO, which currently offers its INBIT token.
PrepayWay can be described as a blockchain ecosystem that aims to make international collaboration, contracting, and payments simplified for firms across many different industries. Its' mission is to remove various burdens, such as the lack of reliability of manual, paper-based process characterization, which also experiences quite a significant lack of transparency. As a result, the shared information is not secure and is difficult to trust fully.
This can lead to a lot of issues for suppliers, buyers, but even transporters. Payments can end up being late, and disputes are certainly not uncommon while maintaining liquidity can be extremely difficult in certain situations.
However, all of these issues can be resolved via blockchain technology, thus bringing efficiency, security, transparency, and other benefits to the process. This is what PrepayWay wants to achieve, through the means of integration of decentralized blockchain and the use of smart contracts for business processes.
The project started its ICO back on April 18th of this year, and the ICO will end in two days, on May 18th. That leaves only a short period for interested investors to purchase PrepayWay's INBIT token, and become a part of the change that will ultimately include the entire business world.
As mentioned, the ICO started about a month ago, on April 18th. It is based in Switzerland, and it offers a token known as INBIT. INBIT is designed to serve as a utility token, with its pre-ICO price being at 0.003 EUR, and its current price being at 0.01 EUR.
INBIT is an ERC-20 token, meaning that it was developed on Ethereum's platform. However, if you are purchasing it in exchange for another coin, you should know that there are four cryptocurrencies that can be traded in exchange for INBIT — Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), and Litecoin (LTC).
The ICO's goal is to reach $56 million, while the minimum investment is 10 EUR. However, it should also be noted that your location may be an obstacle to participation. There are several restricted areas around the world, and those living in such areas are not allowed to participate. This includes the US, Switzerland itself, but also Afghanistan, Bosnia and Herzegovina, Cuba, Central African Republic, Democratic Republic of the Congo, North Korea, Ethiopia, Eritrea, Guinea-Bissau, Iraq, Iran, Lebanon, Libya, Somalia, Sudan, South Sudan, Syria, Vanuatu, Uganda, Crimea, and Yemen.
Other details regarding the ICO include a pre-sale bonus, KYC and Whitelist. The project also features a 25-page-long whitepaper which should be thoroughly studied by anyone wishing to participate, provided that they are not located in one of the mentioned areas. However, would-be investors are advised to do it fast, as the token sale will be ending in only two days.
| Industry | Finance |
|---|---|
| Platform | Ethereum |
| Founded | 2018 |
| Website | https://prepayway.com/ |
| Whitepaper | Yes |
| Countries | Switzerland |
| Start | June 1, 2019 |
|---|---|
| End | August 31, 2019 |
| Expired | |
| Token | InBit |
| Hard cap | $50 000 000 |
| Tokens for sale | 6500000000 |
| Accepting | ETH |
It’s been almost a year since I’ve begun monitoring the emerging blockchain project, and it would be safe to say that PrepayWay is one of the most credible ones. It is an all-around great startup with a sound technological solution, an experienced team, and a sound concept that will definitely find application in the real business world. Not to mention that it comes from Switzerland, one of the most progressive countries in the world.
PrepayWay is the project that will greatly facilitate the ease of doing international business. Their entire ecosystem appears to be designed logically and elegantly with all the necessary details being taken into account. Most importantly, there is a legit arbitration scheme present which raises much of my confidence in PrepayWay. But being a cautious and rational person, I will purchase only a handful of InBit tokens at first, just enough to give their platform a full test run.
I like the fact that PrepayWay places a specific emphasis on the legal side of things, which is quite uncommon for crypto projects. I have been working in the field of international business for quite some time, and I could tell right away that they are pressing the right buttons when it comes to contract management and dispute resolution. The fact that PrepayWay partnered with SmartArb, a reputable arbitration firm, put this project at the top of my “investment worthy” list.
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