PayFbit logo

PayFbit (PFBT)

Status
ICO

Unique blockchain based crypto-assets ecosystem of the future. A new smart blockchain based payment solution for managing digital assets & fiat currencies.

PayFbit White Paper Whitepaper

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Interest lvl
High
Learn more about our rating
User Rating
Highest
4.7/5 3 votes
Ticker
PFBT
Type
Cryptocurrency
Token standard
ERC20
FoundedUnited Kingdom
Registration countryVirgin Islands (British)
Office addressSuite 1 Central Chambers Ealing W5 2NR

What is PayFbit

PayFbit is a Global Fintech company developing a smart blockchainpowered ecosystem to manage all your Digital Asset needs – Crypto and Fiat. PayFbit optimizes payments and allows you to use crypto assets for everyday purchases. By doing this, it provides great solutions to real-world financial problems through a unique blockchain-based ecosystem, which utilizes crypto assets as the primary financial instrument. PayFbit is here to enable users to enjoy the benefits of crypto assets to the fullest.

The popularity of crypto-assets is spreading faster than ever, given its propensity to deliver incredibly high returns on investment. Their regular coverage by media outlets has helped in increasing awareness and making it mainstream. This has led to more debates and speculations on the assets and resulted in sky-high trading volumes.

The PayFbit Ecosystem consists of 4 key products:

  • PayFbit Wallet

Send, Receive & store crypto assets in a secure decentralized manner. The PayFbit wallet arrives with several integrations to enhance productivity and convenience.

  • PayFbit P2P Exchange

Eliminate the middlemen from the transaction and control your privacy. The PayFbit P2P exchange allows you to exchange cryptos directly with the counterparty.

  • PayFbit Exchange

Venture into the lucrative sector of the cryptosphere with a highly secure, fast, and user-friendly trading exchange where you get access to the best currency pairs and trading options.

  • PayFbit Smart card

Simplify the way you pay! The PayFbit smart card is a novel solution that enables you to discover your crypto assets’ full potential.

To develop this ecosystem, PayFbit has launched an ICO with Softcap of $2 million and a Hardcap of $ 22 million. PayFbit is proud to present the unique PFBT utility token, which is built using the ERC-20 standard and is powered by the most popular blockchain platform, Ethereum.

This way, participants can leverage our unique smart ecosystem and four stellar products to use cryptocurrency for their everyday transactions. Thus, making the PFBT token a valuable asset that possesses high utility and demand in the market.

PayFbit Roadmap

1
Q1 2018
  • Innovative mindset Co-founders decided to develop & launch their own crypto payment solution.
  • Finalized concept based on market analyses.
  • 2
    Q2 2018
  • Registration of Company (May’18).
  • 3
    Q3 2018
  • Concept framework planning started.Consultation with experts.
  • Team hiring.
  • 4
    Q4 2018
  • PayFbit Crypto Exchange feature design & planning started.
  • PayFbit Crypto Wallet feature design & planning Started.
  • 5
    Q1 2019
  • Team on boarding in progress.
  • ICO Framework planning started
  • PayFbit Smart card planning started
  • Crypto Exchange MVP framework completed
  • 6
    Q2 2019
  • Crypto Wallet MVP framework completed
  • Legal readiness of developed framework started.
  • ICO framework completed
  • 7
    Q3 2019
  • ICO Website development started
  • Wallet Multi integration tie-up structure planning started.
  • Payment system interconnectivity planning started.
  • 8
    Q4 2019
  • ICO Website development completed
  • White paper development started
  • ICO wallet integration completed
  • Legal readiness completed
  • Airdrop & Referral program developed on ICO portal
  • 9
    Q1 2020
  • White Paper development completed.
  • Public announcement by Press Release.
  • Airdrop Campaign launched.
  • Legal readiness completed.
  • Airdrop & Referral program developed on ICO portal.
  • 10
    Q2,Q3 2020
  • Development of Smart contract completed.
  • Smart contract auditing completed.
  • Private/Pre ICO sale closure (July'2020).
  • Crowd sale started on ERC-20 platform (Aug’2020).
  • - Round 1 Aug '2020.
  • - Round 2 Sep'2020.
  • 11
    Q4 2020
  • - Round 3 Oct '2020.
  • - Round 4 Nov '2020.
  • - Round 5 Dec '2020
  • Crowd sale closure on ERC-20 (Dec '2020').
  • Token listing on public exchanges (Dec’2020).
  • 12
    Q1 2021
  • Crypto internal exchange mainframe development started.
  • Exchange ecosystem readiness and hosting completed.
  • User acceptance testing for crypto exchange completed.
  • Internal exchange with complete features launched for users.
  • Beta Version Crypto internal Exchange launched
  • 13
    Q2 2021
  • P 2 P exchange development started.
  • P 2 P exchange hosting readiness completed.
  • User acceptance testing started for P 2 P exchange.
  • Beta Version for P 2 P exchange launched.
  • 14
    Q3 2021
  • PayFbit Smart Card development started.
  • Payment gateway integration started.
  • Crypto Web wallet platform development started.
  • Crypto Wallet mobile application started for Android & iOS platform.
  • Multi-currency readiness for crypto wallet started.
  • ATM withdrawal feature development started.
  • 15
    Q4 2021
  • Fiat currency handling solution readiness.
  • Crypto wallet features testing started .
  • Merchant handling module (online shopping & utility) development started.
  • Crypto wallet integration with Banking gateways.
  • 16
    Q1 2022
  • Multi -Currency, Fiat handling solution completed.
  • Payment gateway integration, ATM withdrawal & Merchant integration module completed.
  • 17
    Q2 2022
  • Beta Version of Crypto wallet launched.
  • Crypto wallet platform global launched with all features & mobile application
  • Token Sale Dates

    ICO

    Start date: Aug 12, 2020
    End date: Dec 31, 2020

    Token Allocation

    Total Token Supply 310,000,000 PFBT
    Total Tokens for Sale 195,300,000 PFBT

    Funding Details

    Soft Cap 2,000,000 USD
    Hard Cap 22,000,000 USD
    Funds Raised (as of now) 1,879,903.993 PFBT

    Restrictions

    Residents of the following countries are prohibited from participating
    USA, China, Iran, North Korea, Syria, Germany

    Token distribution


    DEVELOPMENT & GROWTH - 40%
    MARKETING & BRANDING - 20%
    HIRING SUBJECT SPECIALISTS & TEAM BUILDING - 10%
    BOUNTY PROGRAM - 2%
    RESERVE FUND - 10%
    ADMINISTRATIVE, LEGAL, & LICENSING - 10%
    TEAM FOUNDING - 8%

    Funds allocation


    ICO CROWDSALE - 45%
    CO-FOUNDERS, MANAGING PARTNERS - 10%
    PRIVATE/ PRE-ICO SALE - 18%
    BOUNTY PROGRAM - 7%
    DEVELOPMENT TEAM - 3%
    ICO ADVISORS - 10%
    FOR FUTURE DEVELOPMENTS - 4%
    LEGAL ADVISOR - 3%

    Token Price and Payment Options

    Token price USD 1 PFBT = 0.1 USDT
    Accepted Currencies ETH, BTC, LTC, USD, DASH

    Project team

    Kamal Wadhwa
    Kamal Wadhwa
    CEO & Co-Founder
    Kamal Wadhwa linkedin-team
    Raunak Tomar
    Raunak Tomar
    Co-Founder
    Raunak Tomar linkedin-team
    Harvinder Singh Ayedee
    Harvinder Singh Ayedee
    Co-Founder
    Harvinder Singh Ayedee linkedin-team
    Imran Rahman
    Imran Rahman
    CTO
    Imran Rahman linkedin-team
    Ammad Siddiqui
    Ammad Siddiqui
    Lead Developer
    Ammad Siddiqui linkedin-team

    Advisors

    Cal Evans
    Cal Evans
    Legal Advisor
    Cal Evans linkedin-team
    Pascal Van Knijff
    Pascal Van Knijff
    Advisor
    Pascal Van Knijff linkedin-team

    Social media

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