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Description

Description


PrepayWay is a blockchain ecosystem that aims to simplify and streamlines international collaboration, contracting, and payments for companies across multiple industries. Global commerce is burdened by unreliable and largely manual paper-based processes characterized by a lack of transparency and an absence of secure, trusted information. As a result, suppliers, buyers, and transporters involved in international transactions suffer cash flow delays, payment disputes, and difficulty in maintaining liquidity. However, the advent of blockchain technology can eliminate these difficulties, ensuring the validity and security of transactions involved in the global movement of goods and delivery of services. Moreover, by automating payment methods such as letters of credit, it can eliminate inefficiencies, streamline business processes, reduce operational complexity, and reduce transaction costs.

InBit is an Ethereum-based token that fuels the PrepayWay ecosystem. It is the mechanism by which a user may obtain access to the Ecosystem’s services, it is required to activate each PrepayWay smart-contract.

Full Name PrepayWay (InBit)
Start Date 2018-07-11
Algorithm ETH Token
Proof Type N/A
Website https://prepayway.com/en/token
Twitter @PrepayWay
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


PrepayWay is a blockchain ecosystem that aims to simplify and streamlines international collaboration, contracting, and payments for companies across multiple industries. Global commerce is burdened by unreliable and largely manual paper-based processes characterized by a lack of transparency and an absence of secure, trusted information. As a result, suppliers, buyers, and transporters involved in international transactions suffer cash flow delays, payment disputes, and difficulty in maintaining liquidity. However, the advent of blockchain technology can eliminate these difficulties, ensuring the validity and security of transactions involved in the global movement of goods and delivery of services. Moreover, by automating payment methods such as letters of credit, it can eliminate inefficiencies, streamline business processes, reduce operational complexity, and reduce transaction costs.

InBit is an Ethereum-based token that fuels the PrepayWay ecosystem. It is the mechanism by which a user may obtain access to the Ecosystem’s services, it is required to activate each PrepayWay smart-contract.

Team:

  • Prof. Dr. Frank Emmert: Co-founder.
  • Dr. Mihnea Constantinescu: CPO & Co-founder.
  • Nikolai Kalinin: CEO & Сo-founder.

PrepayWay ICO start and finish date are yet to be announced. The ICO token supply represents 50.93% of the total token supply, so there is a total of 6,500,000,000 tokens available, for 0.01 EUR each. The ICO funding target is not determined, the funding cap is 50,000,000 EUR. Any unsold/remaining tokens will be burned.

Token Reserve Split (40,07%):

  • 30,55% Company Reserve;
  • 18,52% Team & Advisors;

 

 

ICO Status Ongoing
Token Supply 12763636364
Start Date 2019-07-25
End Date 2019-08-15
Fund Raised (BTC) N/A
Fund Raised (USD) N/A
Start Price (USD) 0.01
Security Audit Company N/A
ICO Legal Form Corporation
ICO Jurisdiction Switzerland
Legal Advisers N/A
Blog https://medium.com/@prepayway
White Paper https://prepayway.com/PrepayWay_Blockchain_Ecosystem_Whitepaper_V1.1.pdf
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