In this piece, we want to shed some light on the processes that are happening now in Paytomat and tell you how we used the opportunities of decentralized exchanges, which, according to experts, are the trend of 2019. All the info structured in a short case.
Background
By the second half of 2018, it became clear that the ICO as a tool had lost its former relevance and attractiveness. Moreover, given the increasingly strict approach to the crypto by regulators and not the best situation on the market at all, this crowdfunding method became unprofitable and even ineffective for young projects. Like many other startups, we faced a problem and came to the question: “so, what’s next?”.
Solution
The very essence of the crypto world has come to the rescue. To be exact, we used the idea of shareable economy. Thanks to our infrastructure and ecosystem, we decided to attract other market players and use their capacities for our own benefit, and give them profit in return.
Mechanics
Let’s start with the ecosystem itself. Its internal fuel is our EOS-based token, which today is called PTI. Every time someone makes or accepts payment via cryptocurrency, our system takes a 2% exchange rate margin in paid cryptocurrency and distributes 5% to Paytomat Core and 95% to liquidize tokens, namely, to buy them from exchanges, maintaining the liquidity of our asset. At the same time, Paytomat converts exchange margin rate in tokens and distributes them among all participants of our system — from merchants and Regional Leaders to Gateways and Relays, who are responsible for receiving customer payments. (You can get more details in our White paper https://s3.amazonaws.com/paytomat-web/Whitepaper_en.pdf )
As you understand, Paytomat needs partners for a fully working scheme. The first batch of them has become exchanges, at the beginning — decentralized ones. At the end of November, we started testing our model with the first eight partners
Whaleex — https://www.whaleex.com/whaleex/dash/trade/PTI_EOS
Bigone — https://big.one/trade/PTI-EOS
Newdex — https://newdex.io/trade/PTI_EOS
Eosdaq — https://eosdaq.com/exchange/PTI_EOS
Findex — https://findex.pro/trade/PTI_EOS
Dexeos — https://dexeos.io/trade
Btex — https://btex.org/#/trade/154173268227579064
Deltadex — https://deltadex.io/trade/ptitokenhome-PTI
All of them simultaneously became both one of the actors of Paytomat ecosystem and trading platforms for Paytomat tokens. First PTIs that appeared on the exchanges were taken from the accumulated fees over the past months, so we were able to allow everyone to buy PTI without having to conduct a crowdfunding stage.
Plus, since the token sale was originally planned, and a large number of people expressed a desire to enter the project, we developed a special offer for those interested. On the one hand, each of them can acquire tokens at a good price, but on the other, they have to wait for distribution, which will be until the end of January. That is, during this time you can go to the exchange and have time to make several trades, which equalizes the chances of those who are waiting for those who want everything here and now.
We are on the final straight towards a big launch, so stay tuned.
