Since its inception less than ten years ago, the cryptocurrency market has reached a market capitalization of over 200 billion USD as of August 2018. However, we believe that the cryptosector is a long way from reaching its peak as it has yet to be integrated into the broader world economy. Without the development of robust blockchain technology there would be no crypto market as we know it today. Today’s cryptocurrency owners are the early adopters of this new technology. However, their ability to purchase goods and services using cryptocurrency has been limited due to the absence of established links between the crypto world and the traditional financial system. This leads to poor public perception and understanding of the potential benefits of digital asset usage.
Through the Platio Smart Banking Ecosystem our goal is to make cryptocurrency a widespread means of payment by increasing its utility. The Platio Ecosystem will be based on a seamlessly operated mobile and web interface, where users will have all the necessary data and tools at their fingertips to instantly transact with crypto, fiat or stock. Platio’s platform will be built on EOS technology, capable of hosting smooth, routine interactions of Platio’s multilayered ecosystem. Traditional banks are very selective in the services they provide for crypto users within their current banking systems. Platio’s App will be available on iOS and Android, as well as a web-based application. Platio Smart Banking Ecosystem will include various products and features that work together to provide users with a seamless transaction process. Platio will tailor its products to the needs of both individuals and businesses, ensuring that both enjoy improved accessibility to transacting in cryptocurrencies.
Exchange&Brokerage will be an essential part of the Platio Smart Banking Ecosystem. For Platio this product will not only be the instrument for users to exchange and trade fiat, crypto and stocks, but also the underlying technology enabling Platio's other products, such as Platio payment cards, the Merchant processing API, Payments (SWIFT/SEPA/Ripple/OCT) and Asset guard. Platio Exchange will allow users to exchange and trade both in crypto and fiat. Users will be able to make transactions The Platio Ecosystem will be focused not only on mainstream crypto currencies, but also on granting access to tokens of blockchain projects. In order to protect the value of their portfolios and realize profits on appreciated crypto-assets, users need ways to promptly exchange their crypto holdings to traditional assets, while allowing for the possibility of rapid conversions in the opposite direction. Within the Platio Ecosystem, users will be able to choose to promptly convert their crypto holdings into a traditional asset type available within Platio.
Platio Asset Guard is a smart-contract based product for the protection of all types of users’ assets stored in the Platio Ecosystem against losses caused by the high market volatility or access loss to the account Asset Guard will support two types of smart contracts: Auto Exchange and Standby Transfer. As the terms of the Asset Guard service are set in the interface, an appropriate smart contract is formed by the Platio App and synced with the Platio Blockchain. Auto Exchange is one of the key features of the Platio Ecosystem helping users to manage their highly volatile assets. At the heart of this feature is a set of smart contracts that lets users specify conditions for an automatic asset exchange, protecting themselves from market volatility.
This feature allows each user to specify an inactivity period for their account. If this period expires without a login, all chosen assets will be transferred according to the user’s instructions. More conservative users can be provided with an opportunity to restore access to the Platio Ecosystem by answering pre-arranged security questions. However, this approach lacks the ability of managing the assets in the unfortunate event of the user’s death. Standby Transfer ensures that recipient of the user’s funds will receive the Standby Transfer according to the user’s instructions. Platio will provide users with plastic and virtual payment cards issued by partnered international payment companies. It is inconvenient to keep a specific card for Bitcoin and another for Ethereum or for every other cryptocurrency asset. Platio intends to develop the Platio Ecosystem to allow all crypto assets held on the Platio Ecosystem to be easily converted into fiat currencies for transaction settlement using an integrated exchange. Users will only need to select the necessary asset and push the top-up button. Platio payment cards will support top-up both in cryptocurrency and fiat. assets in the user’s wallet can be used to top-up the Platio payment card. From the user’s point of view, this process takes just a couple of taps in the Platio App.
The Platio Smart Banking Ecosystem will prevent users from paying high fees and experiencing long transaction processing times. Platio User not only be able to transfer fiat internally, but also any asset supported by Platio, crypto, fiat or stocks, free of charge and without long processing times. Platio intends to offer payment and remittances services via the SWIFT, SEPA and Ripple payment networks. The recipient's preference of asset type to be accepted for payment becomes irrelevant as the Platio Smart Banking Ecosystem will offer its users a wide choice of payment instruments. By facilitating inter-asset conversions, both parties to a transaction become agnostic to the other's preferences, increasing convenience and usability. In the Platio Ecosystem, all supported crypto and fiat assets may function as a means of payment using SWIFT/SEPA/Ripple, including third-party and international payments. Platio will provide OCT functionality for private and business users. Users of Platio Smart Banking Ecosystem will not need Platio payment cards to make this type of payment, but direct card-to-card transactions will only be available to Platio payment card users." To use the OCT payment method, users must pass all KYC procedures necessary for operations with fiat currencies. With the help of the integrated automatic exchange, Platio users will be able to make OCT transfers using both crypto and fiat as a means of payment.
The Platio Ecosystem will allow individual and business users to accept fiat as well as cryptocurrencies using Platio’s Invoicing & Processing for online merchants. Platio will help individual and business users create invoices in any crypto or fiat currency supported by Platio. Invoicing is mainly designed for business users, but will be available for any user who wants to keep track of their incoming payments. Once an invoice is created it can be sent through Platio's internal messenger or through another external messaging system. Using Platio, online merchants will be able to accept both crypto and fiat currencies as payment for the products they sell and services they provide. Platio's Merchant Processing API will integrate directly with merchant websites, offering a simple and safe ecommerce solution.
SmartEscrow will be one of the key products that the Platio Ecosystem provides to business users, as well as individuals. Smart Escrow will be a smart contract-based product for high risk and/or high monetary value deals in crypto and fiat, with conflict resolution built in. Settlement risk is a common problem in business transactions involving payments by cryptocurrency. To address this Platio’s Smart Escrow will ensure that assets will be transferred to the selling party only after the terms and conditions of the deal are met. One of the parties establishes the terms and conditions of the deal, uploads the relevant documents and sends a request to the second party. The parties will be able to negotiate the transaction, update the terms and conditions of the transaction and upload additional documents. When all the terms and conditions are finalized and the documents are uploaded, the parties will be able to confirm the deal and initiate the creation of the smart contract. After confirmation from both parties, the funds of the buying party will be locked into the smart contract.
If at least one of the parties believes that the deal’s terms and conditions have not been complied with, they may notify Platio via a message within the Platio Ecosystem. Platio’s initial market includes the European Union, where Platio has the required licenses for operating. Following the European market, Platio plans to expand the Platio Ecosystem to Asia, where a team of legal and business partners is being set up. Initially, Platio will have two revenue streams: transaction revenue and subscription revenue. Platio customers will have three levels of access to platform: Basic, Advanced and Premium. Subscription revenue will consist of the monthly fees charged for the Premium level. The most significant business costs relate to initial and ongoing research and development activities, customer acquisition and marketing costs, obtaining and maintaining appropriate licenses in additional jurisdictions where Platio users will transact, infrastructure and continuous product development in addition to the interactions with various financial services providers and intermediaries.
An Initial Token Sale or Initial Coin Offering (hereinafter "ICO") is the event at which a cryptocurrency project sells a proportion of its cryptocurrency tokens to early adopters and enthusiasts in exchange for funding. Platio expects to be sufficiently resourced to acquire the best available skills and technology to propel the development of the crypto-financial ecosystem into an exciting future. The proceeds from the token sale will go towards achieving the milestones required to create the Platio Smart Banking Ecosystem. The realization of each milestone depends on both technical and regulatory factors. PLATIO’s token PGAS, will be the central element of the Platio Ecosystem, powering all of its features. PGAS is an ERC-20 utility token and will be used for transactions within the platform, for instance the payment of commissions, fees and subscriptions. Transactions using PGAS will be discounted, with the discount dependent on the user's token usage and subscription level. If during the fundraising Platio doesn’t acquire a minimum investment threshold of EUR5M, all funds will be returned to the investors within one month after the end of PublicSale.
After the end of the public sale, users will be granted access to their tokens and they will be able to transfer them to a personal ETH wallet supporting the ERC20 standard. To ensure liquidity, listing at an external exchange is planned shortly after the end of the ICO stage. Tokens allocated to the Platio team and its advisors will be subject to a six-month lock-up period starting after the end of the public sale. This is to ensure the longevity of the project and the integrity of the Platio team. There will be a total of 397,500,000 tokens released. During the ICO stage, 65% of PGAS tokens will be available to investors. Any unsold tokens will be burned according to the proportions listed below. Platio aims to leverage the strengths of the Platio Blockchain and traditional IT systems. Its range of services will be efficient, user-friendly and include online user support for each product and service. Platio will consist of three main components: Platio Core Banking System, Platio App and Platio Blockchain. The Platio Core Banking Platform will be a classic backend, hosted software solution that will provide the company with services outside of the blockchain system. It will hold user accounts, KYC data, card processing and more. Private keys used in processing deposits and withdrawals of respective cryptocurrencies into Platio accounts will also be stored here. he app, in its mobile and web versions will interface with both Platio Internal Core Banking Platform and Platio Blockchain. It will serve as the users’ gateway into the Platio Smart Banking Ecosystem. It will also be an interface for making deposits and withdrawals of accepted cryptocurrencies into and out of Platio accounts.
Platio intends to build a private Sidechain based on EOS technology and a predefined set of smart contracts. The blockchain project will be maintained and actively developed by Platio. The Platio Blockchain will ensure secure, fast and transparent internal business processes. All the assets in the Platio Smart Banking Ecosystem will be tokenized using the Platio Blockchain. Input and output of crypto and fiat assets will be performed by the Internal Core Banking Platform connected with the crypto and fiat payment gateways and the Asset Management Engine. To make Platio products even more useful and user-friendly we decided to involve users in product development by having them test and provide feedback on early versions of our upcoming products. As a regulated and licensed company, Platio follows, and is compliant with, all Know Your Customer (KYC) and Anti Money Laundering (AML) procedures.
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For detail projek visit link in Below :
Website : https://platio.io/
Facebook : https://www.facebook.com/platio.io/
Twitter : https://twitter.com/Platioecosystem
My link Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1305012
My ETH Adress : 0xCC028E8465c39c8B5D250431c82239dc7EE48a6d
My Telegram : https://t.me/robiawal
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