8.8

Quick Score

Prontapay

Apr 14, 2018 - Jun 14, 2018

ICO info

Website Whitepaper

Platform	Ethereum
Token	PRO
Token price	1 PRO = 0.000286 ETH
Accepting	ETH
Soft cap	500,000 USD
Hard cap	15,000,000 USD

Country	United Kingdom
Category	Platform
KYC	Yes
Bounty	Yes

Bonus System

0 - 5,000,000:

100%

5,000,001-25,000,000:

40%

25,000,001 - 50,000,000:

25%

50,000,001 - 75,000,000:

10%

ICO rating

Industry
Score

8.8 / 10

3.9 / 5

2.9 / 5

8.7 / 10

–

4.6 / 5

–

About

Problem

The current invoice system that most companies use is flawed, slow and expensive with some payment providers charging up to 3.5% to facilitate a payment or a monthly fee with a fixed term contract, it also leaves many gaps for late and defaulted payments, costing companies time and money trying to recover debts that are legally theirs in the first place. Some companies end up spending more than the invoice balance on legal costs and litigation, and in some extreme cases end up going out of business because of non-payment.

Aim

Prontapay will be a revolutionary invoice payment platform built on blockchain technology that will use smart contract & smart legal code, to create our trademarked Smart Legal invoice (SLI)™. Companies will be able to create and send out smart legal invoices (SLI)™ using our desktop or mobile interface to customers quickly and easily requesting payments for services or goods automatically or on a set date determined by them. Each invoice will be sent on the blockchain and incorporate smart legal coding that will make the invoice once accepted form part of a more legally binding agreement between company & payer.

Roadmap

End of 2018

The Prontapay platform will be rolled out in three phases moving incrementally towards full integration of the platform, firstly our beta version will go live at the end of 2018 allowing pre-selected businesses to test out the prontapay platform & send out Smart Legal Invoices & receive payments.

First quarter of 2019

The second phase will be the implementation of our mobile interface that we hope to have live by the first quarter of 2019.

Second half of 2019

The third & final phase will be the release of the full prontapay platform in the second half of 2019 allowing mass integration for SMEs to start utilising the platform.

Team members

Co-Founder & CEO

Alexander Hambi

Financial Operations Manager

Alvin Nascimento

Administrative Services

Brook Hanley

CFO

Daniella Coliba'

Marketing & Business Analyst

Eric Afriyie

Blockchain Developer

Kaushik Ghosh

Co-Founder & Director

Keith Black

Lead Developer

Paul Spencer

FAQ

What currencies do you accept?

Ether (ETH).

Do you have an official wallet address to send funds to?

Yes, this will be issued in your member area once you have passed initial checks & agreed to our terms.

What's the minimum & maximum investment amounts?

The lower limit for the pre-sale investment is 0.01 Ether(ETH). There is no upper limit.

The lower limit for the ICO investment is 0.01 Ether (ETH). There is no upper limit.

How much does 1 Pro Pay coin (PRO) cost & how many do you plan to issue?

The cost of 1 Pro Pay (PRO) will be dependent on what level you buy in at as we are offering bonuses at 100%, 40%, 25%, & 10%

But the base rate is 1 ether (ETH)= 3500 Pro Pay coins & at today's rate = $0.017 per PRO.

The total emission will consist of 250 million tokens.

When are you launching an ICO?

We plan to launch the ICO in May 2018, The exact date will be confirmed after the Pre-Sale closes.

I'm a US/China/Singapore citizen.Can I participate in the Project?

Unfortunately, we will be blocking IP Addresses from these countries and not accepting any contributions. Anybody using a VPN to get passed our checks will be reported to the relevant authorities.

How long does The KYC procedure take? Will my data be held in accordance to the laws?

Verification is carried out within 24HRS but usually sooner.

Prontapay Ltd is registered with the Information Commissioners Office: Number ZA326313 & will be holding all data securely and in accordance to the UK data protection act 1998.

How can I use Pro Pay Tokens(PRO)?

The coins will used to access additional features on the Prontapay Platform, some of these include discounted invoice rates, additional accounting features and bonuses. Third party platforms may also accept Pro Pay.

Can I mine Pro Pay?

No. PRO is a fixed-emission Ethereum-based token.

Will you issue more Pro Pay Tokens?

No, we will issue precisely 250 million tokens. No further issuance will take place.

Will the core team & Staff benefit from a growing PRO?

The team will keep 20% of tokens after the ICO, with a vesting period of 6 Months. So yes, the team will benefit from a growing rate.

What is the Pronatapay Platform?

Prontapay is the world's first Smart Legal Invoice (SLI) payment system built on the Ethereum network that rewards both businesses and customers every time an invoice is paid using our unique smart invoicing system.

We utilize smart contracts and blockchain technology to help businesses of all sizes get paid more efficiently, on time and create a more stable fast and secure invoice ecosystem.

By creating our revolutionary smart legal invoice(SLI) that can be pre-dated for anytime now or in the future and using smart legal contract code that legally ties in the customer, and then utilizing the blockchain to validate the transaction and facilitate instant automatic payment using cryptographic currency, Prontapay will aim at revolutionising the invoice world forever.

Please see our whitepaper for full description.

Did you build your own Blockchain?

No. We use Ethereum's public blockchain.

Why did you choose Ethereum?

Ethereum is currently the most reliable and well-tried blockchain. It supports smart contracts and has the largest expert and developer community.

How will Prontapay Make money after the ICO ends?

The funds will not end please see the whitepaper.

Prontapay will charge a set flat fee of 1% for all invoices regardless of value that are facilitated on the Prontapay network paid by the sender of the invoice, the amount will be debited automatically from the final invoice payment.

Prontapay will also charge a 2.5% late payment fee to customers whose invoice is paid more than 7 days late added to the cost of the original invoice and debited automatically on payment.

When do you plan on officially launching the Prontapay Platform?

We are planning to launch the beta version by the end of 2018.