PayBlok
Just as the PayBlok token pre-sale is around the corner and it is possible to register for the whitelist, let’s take a look at what it is about.
This is how PayBlok defines itself; “PayBlok is a utility token enabling B2B payments and financing on the InstaSupply platform.”
B2B means Business to Business. I learned something new thanks to PayBlok. InstaSupply is an already established company. It is a cloud platform which allows businesses to track and control spend across suppliers. Now they plan to use PayBlok as a utility token for their platform. 2300 Businesses currently using the InstaSupply platform. It was launched in 2015. They handle $60,000,000 worth of transactions annually.
They got some positive media coverage, I advise you to take a look at them since they are very educative about PayBlok and InstaSupply platform;
Token sale details
- Symbol: PBLK
- Total number of tokens: 250,000,000
Token allocation
- 60% Token sale (150,000,000)
- 15% Blocked for future use (37,500,000)
- 18% Company, Team and Advisors (45,000,000)
- 5% Reserved to incentivize the economy — airdrop (12,500,000)
- 1% Affiliate | Referral Program (2,500,000)
- 1% Bounty Program (2,500,000)
The Maximum price of a token will be $0.30 USD during the sale.
150 million tokens are up for sale.
One of the functions of PayBlok tokens will be implementing a payment gateway in InstaSupply.
PayBlok tokens are an incentive for buyers and suppliers, they need to use the InstaSupply gateway to pay their invoices to get the tokens as an incentive.
Businesses unlock up to 98% of their approved invoice value immediately.
PayBlok can also be used as collateral to secure short-term loans.
The end goal is making PayBlok a means of payment.
Some info from their FAQ section;
- PayBlok is an ERC20 Token
- The team plans to get PayBlok listed on some exchanges 120 days after the sale.
- They aim to solve cash flow problems of medium and big size businesses by offering an early payment function.
- The InstaSupply platform already connects suppliers and buyers, matching purchase orders, deliveries, and invoices.
- Bitcoin, ethereum, litecoin and, fiat can be used to buy PayBlok tokens.
- You need to be pre-qualified by InstaSupply to buy PayBlok tokens.
- Within 24 hours of a purchase being approved the tokens will be issued to the buyers.
They have a detailed roadmap, every quarter until 2020 has some items.
Here are some events that they will attend;
Blockchain Alternative Investment Conference
Blockchain Economics Forum
San Francisco — 19th June 2018
Blockchain Summit
TC Sessions: Blockchain 2018
Fintech Week
Taking into account the performance of already established InstaSupply platform and the detailed and well-planned roadmap, I think PayBlok is a serious project worthy of close attention.
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*Disclaimer: None of this information is intended to be financial advice. This article shows my personal opinion and I advise everyone to do their own research.
