Payrue, Your Next 'Defi' Platform

Overview

We live in an era where technology is gradually disrupting every facet of the economy including finance. Pivot among such technologies is the blockchain which for a while has been the trendiest trend in Fintech. Of late we have witnessed the recurring trends on blockchain where individuals and organizations join resources to create, renovate, or merely replicate existing technologies to bring about something new in the form of apps/dapps with which users can best manage their digital assets while at the same time saving them the stress and at times frustrations of dealing with conventional financial institutions (like banks). And right here is where Payrue comes in.

Understanding Payrue

Payrue clearly outlined its mission as follows:

“…to support the mass adoption of cryptocurrencies with secure and user-friendly apps.” (source)

Hence, the wallet app is user friendly and consists of unique features, some of which are highlighted in the subsequent section.

Features of Payrue Wallet App

Wallet

Payrue is a wallet in its own right, and allows users to securely store their propel tokens and other cryptocurrencies till a time they need them for use. The wallet supports multiple currencies of different blockchains and offers SMS notifications services which alerts users on every transaction in their accounts. The above image is a glimpse of the payrue wallet.

Exchanges

However, whereas Payrue DEX is built on the Ethereum Blockchain, Propel DEX is set up on the stellar Blockchain network. The exchanges enable users to exchange virtual currencies against one another at any time.

Payrue Invoicing

Lending/borrowing

Staking

Propel

Propel is presently tradeable at Latoken exchange with major pairs like BTC, ETH, USDT, and XLM. It can also be exchanged currently on Stellar-based decentralised exchanges while awaiting more exchanges and listings in the near future.

PROPEL TOKENOMICS

Payrue has no ICO/IEO, but raised funds through crunchbase for its project. Its tokens are mostly given freely to users on sign-up/verification as well as through referrals. The project is currently distributing 2000 propel to each verified user on their mobile app. Yes, that means you can grab your 2000 propel right now once you download and sign-up on their mobile app, and successfully complete the kyc verification. The mobile app can be found on playstore as shown in the above screenshot.

Payrue has also scheduled token burning events which would occur every first day of each quarter of the year.

Compliance

Pàyrue exchange is regulated in Estonia and has a licensed certificate for operation.

Upcoming Developments

Also scheduled is the integration of fiat in the payrue exchange, a development that will bring about the much needed liquidity to the platform. Payrue liquidity would be high, and would be guaranteed by use of debit cards which the platform is set to issue to its users.

The debit cards would go a long way in facilitating easy spending and acquisition the tokens — (and by extension, cryptocurrencies) at any point in time.

Payrue project has no whitepaper as at the time of writing this review. However, every information you might need on the project can be found on their official website at: https://payrue.com/

Disclaimer:

This is a sponsored article written for a bounty reward in bounty0x.io.

All images in this post are screenshot from the Payrue wallet app and the Payrue website

Bounty0x username: diana1