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PayPro – a decentralized bank

PayPro is a decentralized bank made for dealing with a new eco-system where value is represented in new forms thanks to Smart Contracts. Thus, PayPro is a decentralized financial-marketplace where any dApp can post its services. They are also developing a Wallet where users will be able to store crypto-currencies and any ERC-20 token. After they have built PayPro, a user will be capable of storing ETH, BTC or GAS, for instance, and use the marketplace for investing in a crowdfunding platform, for instance. Likewise, the shares received from that investment in the form of tokens, will be also stored at PayPro. As a result of that, all the crypto-assets and liabilities of an individual will be represented in PayPro.

Decentralized application

PayPro’s marketplace will be built as a decentralized application, also known as dApp. According to David Jonhston, a dApp must meet some criteria in order to be considered as such:
– The application must be developed open-source, it has to operate autonomously and the majority of tokens can not be controlled by an
entity. Also, proposed improvements and market feedback may be adapted in the protocol.
– In order to access the application and to reward any contribution of value from miners or contributors, a cryptographic token is  necessary.
– Tokens must be generated as proof of the value generated to the application.
– A decentralized Blockchain must be used to store data and records of operation in order to avoid any central point of failure.


PayPro Token (PYP) will be the flagship currency in their ecosystem, facilitating transactions within the marketplace. The main purpose of PYPs is that they will be used for political rights and for usage;

  • Political Rights
  • Usage
  • PayPro Role
  • Mougayar Test


When further development is needed from a company, a token created by the company can be given in exchange of funds. The benefits of a token sale are double; from a company perspective, the main advantage of it is that the company gains quicker access than traditional
founding routes. From an investor perspective, there is a larger number of reasons why this method can be more interesting than traditional investment;

  • While traditional funding consists on exchanging shares by money, which in most cases are not tradable, most tokens can be sold back to the market at any moment in time. By doing this, investors can allocate their resources in more liquid assets.
  • There is an increasing number of individuals largely exposed in cryptocurrencies and hence, there is a need of generating yield within the ecosystem.
  • It provides with a safe tool for investing anywhere in the world without the need of getting too involved in local law systems and jurisdiction conflicts aroused from it.

Why an ICO?

Because they truly believe that PayPro is made to be a global change, they also believe that it has to be conceived by the global community for a number of reasons:
First of all, as a decentralized application it is natural for us that its conception must come from the community. Even though their organization is going to be its main promoter, they also expect support from the community in terms of funding.

Second of all, they are facing a great challenge in a number fields such as technology development, payment networks, strategy, compliance… and hence, considerable funding is needed to accomplish their goals.

Last of all, PayPro Token (PYP) is the core of  network. PYPs are going to be the main crypto-currency of their network and will also be used to deal with their partners as well as to charge all services available within the network.

Token creation

ERC20 standard is used for all Tokens created on Ethereum.
20,000 ETH will be placed and 40% worth of all PayPro Tokens will be issued in the initial sale.
The Smart Contract is set so the delivery of PayPro’s Tokens can automatically happen right after the ETH are received.


If you want more information, visit the WEBSITE and read the WHITEPAPER.

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