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PayFbit (PFBT)

ICO
Ongoing
Aug 12, 2020 – Dec 31, 2020

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

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Overview

Project industryExchanges & Wallets
Product typeCryptocurrency
FoundedUnited Kingdom

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.

Details

Public sales: Aug 12, 2020 - Dec 31, 2020
Token supply: 310,000,000 PFBT
Total tokens for sale: 195,300,000 PFBT
Soft cap: 2,000,000 USD
Hard cap: 22,000,000 USD
Raised: 1,879,903.993 PFBT

Legal

Blockchain Platform: Ethereum
Country limitations: USA, China, Iran, North Korea, Syria, Germany
Registration country: Virgin Islands (British)
Office address: Suite 1 Central Chambers Ealing W5 2NR

Token info

Ticker: PFBT
Type: Cryptocurrency
Token standard: ERC20
Token price in USD: 1 PFBT = 0.1 USDT
Accepted currencies: ETH, BTC, LTC, USD, DASH
Bonus program:
1.Signup to payfbit.com and get 10000 PayFbit candies in reward.
2.Get reward of 5000 PayFbit candies, once your referred contact signup to the platform using your unique referral link.
3.Get reward of 5000 PayFbit candies by subscribing to our telegram channel.
4.Complete your KYC and get an extra 5000 PayFbit candies.
5.Get reward of 100 PayFbit candies daily by sigining to the platform.
6.Candies will be converted into tokens & conversion ratio will be declared at the time of token listing.
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%

Offices on the map

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
  • Project team

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

    Advisors

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

    Social media

    PayFbit web-sitePayFbit RedditPayFbit MediumPayFbitYouTubePayFbit TelegramPayFbit InstagramPayFbit LinkedInPayFbit TwitterPayFbit FacebookPayFbit Github

    User rating:

    5/5 ( 1 )
    5

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