Paycoin Review

Table of Contents

What is Paycoin?

PayCoin (PayProtocol) is like a special tool that helps people pay for things easily. It’s a bit like a phone app that connects people who want to buy stuff with the stores that sell things. Instead of using the usual payment way, PayProtocol uses smart contracts and coins to make payments super quick and not too expensive.

But, there are still some challenges to solve, like figuring out how to use it in different stores and places and helping store owners understand how it works. It might take some time to make it work perfectly, but we’re going step by step to make sure everyone can use it easily and have a great time buying and selling things with PayProtocol!

Danal is like the super smart company that helps PayProtocol be even better. They have special ways to help lots of online shops and regular stores in eight countries accept payments. They’ve made different ways to pay, like using your phone or special codes, and even gift cards. These cool payment methods will be added to PayProtocol so people can use them with cryptocurrency.

PayProtocol wants to be like a mix of two other services Square and Stripe. They help stores easily take payments, and PayProtocol wants to learn from them and be just as easy for everyone to use! Their main goal is to make it easy for anyone to send and get money using PayProtocol.

PayProtocol learned a lot from Danal, who has known all about payments for more than 20 years. With that knowledge, PayProtocol created a system to help store owners handle their sales and deals easily.

This system helps store owners keep track of their sales, use special offers like discounts and coupons, and set rules for how they get paid. It’s like having one place to organize all the important store stuff and make it all work smoothly!

Paycoin Distribution

PayProtocol’s big goal is to make it super easy for people all around the world to use virtual money for buying things, whether they’re online or in a store, and whether they’re using a phone or a computer. They want to go even beyond the 5 trillion Korean Won that Danal, PayProtocol’s parent company, handles in mobile payments each year. PayProtocol aims to replace lots of different ways we currently pay, like credit cards and different types of payments, with Crypto.

To make this happen, they’re going to use the right amount of PCI. This will help them grow and bring PayProtocol to more places. They’ll be careful not to make too much PCI, so it stays valuable for buying things. When PayProtocol first started, they made a set amount of PCI, and later they decided to get rid of some to keep the right amount. Now, they have a plan for how much PCI there will be as they keep working on PayProtocol’s plans.

After some of the PCI was removed (the token burn), the remaining PCI will be used for different important things:

Huobi Korea Prime: 1% of the remaining PCI will be used for Huobi Korea Prime.
Payment and Partnership Reserve: 11% will be set aside for payments and partnerships.
Ecosystem Incentive: 24% will be used to encourage and grow the PayProtocol system.
Marketing: 14% will go into promoting and telling people about PayProtocol.
Paycoin Operation: 9% is reserved to help make sure Paycoin runs smoothly.
Team & Company: 5% is set aside for the team and the company.
Advisors: 10% is allocated to advisors who guide and help with decisions.
Cross Border: 26% will be used to support PayProtocol’s efforts across different countries.

Paycoin Roadmap

PayProtocol has a roadmap that covers both the online and offline aspects of their business, along with a user-friendly interface (API) for customers to use. The big goal for PayProtocol is to become a part of the worldwide payment market. To make this happen, they’re working on adding cool new features and making it easy for people to use cryptocurrencies in their everyday lives. The plan is to let people use PCI and other cryptocurrencies in lots of different ways all around the world. PayProtocol aims to create a world where cryptocurrencies can be used freely by everyone.

Paycoin Smart Contract

The token is currently available for sale and it’s not a honeypot. When you buy or sell, there are no fees involved. The ownership has been renounced, meaning the original creator no longer has control, and there are no special permissions given to the creator’s wallet. Also, The creator doesn’t have any percentage of the tokens. which is Good of course.

But The source code includes a Proxy contract, which means there’s a possibility to modify how the token works, like pausing trading or creating new tokens.

Also, there’s a wallet holding a significant number of tokens, and if they decide to sell, it could greatly affect the token’s price. check it from here.