March 29th, 2018 at 2:07 pm UTC · 3 min read
Paytomat, the decentralized system for cryptocurrency payments, announces its pre-sale, which will start on April 2nd, 9:00 am UTC. A 10% bonus will be provided for the Whitelist members. The idea behind Paytomat is increasing the transactional usage of cryptocurrencies in everyday life, providing additional incentives for businesses, customers and crypto core teams.
Launched from Ukraine in 2017, Paytomat is expanding its business globally and aims to develop its own unique blockchain-based loyalty program, fueled by PTM and PTX tokens. Previously Paytomat reported joining Waves Lab incubator and receiving 100,000 WAVES as a funding boost in exchange for PTI tokens.
Paytomat has already introduced an extension to receive payments in crypto on existing POS (point-of-sale) terminals using Poster, Profit Solutions and 1C. For the past year it has gained solid traction, having been successfully deployed across 150 merchants. Starting in 2018, Paytomat began their active expansion into CEE countries and already secured partnerships with various retailers in Poland, Bulgaria and the Czech Republic, as well as Georgia.
Currently, the team is beta-testing customer mobile wallets and a standalone Paytomat Mobile POS for both payment processing and a blockchain-based loyalty program. In the long run, Paytomat plans to focus on the decentralized franchise for local markets and on reaching out to various industries outside of HoReCa.
Yurii Olentir, Paytomat CEO, says: “There are over 1,500 coins and tokens in the world, but how many of them are actually used? Paytomat is designed to connect cryptocurrency core teams, consumers and businesses, so they all benefit from the new crypto economy. Our intention is to nurture the market, offering real life applications to various cryptocurrencies by enabling local stores and online merchants to accept payments in crypto. We are a liquidity network, a point of sale interface, a smart asset platform, and best of all, a loyalty program with incentives for both merchants and customers.”
The Paytomat Ecosystem will operate using three cryptos: PTI, a utility Waves-token issued for the purpose of the token sale; PTM, a coin based on its own blockchain; and PTX, a non-tradable token built on top of PTM and used to get loyalty rewards from merchants.
Whitelist registration closes April 2nd, 08:59 am UTC, followed by the pre-sale (April 2—18). The overall softcap for the PTI token sale is 4,555,000 PTI, the hardcap is 17,555,000 PTI. The initial price for 1 PTI is 0.1 mBTC or 10,000 satoshi. The following cryptocurrencies will be accepted: BTC, ETH, LTC, DASH, WAVES. Paytomat will run a bounty program on Telegram, Medium, Twitter and Youtube.
Paytomat is a blockchain-based payment processing system created to help merchants, consumers and crypto core teams to find each other and create real life traction for cryptocurrencies as emerging method of everyday payments.
Built as a decentralized autonomous organization and decentralized franchise, Paytomat features a unique loyalty program based on the PTM coin, incentivizing merchants to accept payments in crypto, and PTX tokens, thereby incentivizing customers to pay with crypto.