The Paytomat project aims to increase the transactional use of cryptocurrencies by using a decentralized network of outlets. The project team has developed the platform, which facilitates the wide adoption of cryptocurrencies by both organizations and consumers. It also ensures the liquidity of these cryptocurrencies. This technology simplifies the process of accepting payments in the cryptocurrency by sellers, as well as the process of paying for the cost of goods and services in the cryptocurrency by buyers.
This project implements a special extension for POS-terminals, used to receive payments in the cryptocurrency. This expansion simplifies acceptance of payments in the crypto currency and stimulates buyers to use cryptocurrency as a payment tool. Buyers receive a wide range of available cryptocurrency for payment, for which no intermediate conversion is required.Each seller and buyer is considered as a cryptocurrency investor. Sellers can withdraw the received cryptocurrency assets through project`s payment processing partners or save the received income in the cryptocurrency.
Additionally, Paytomat launches a loyalty program that encourages customers and sellers to use the PTX token to enter into transactions for the purchase and sale of goods and services. To sell the PTX token, a PTI token was launched, which is an intermediate project token and can later be exchanged to a PTX token.This technology uses the following logic:
- Any seller who wants to receive payment in a cryptocurrency creates an order and invoice with QR-code to his customer.
- The order code contains data such as the identifier that generates by the POS-terminal, the payment amount and the type of the cryptocurrency to use.
- The API checks the order for uniqueness, compatibility with available cryptocurrencies and other factors.
- The successful order data is transferred to the Paytomat database, where it is assigned a transaction identifier.
- After the payment is created by the buyer, system checks the status of the transaction in the corresponding blockchain through a special gateway.
- Each transaction status (new, confirmed, successfully executed, and others) is stored in the Paytomat database.
- The seller can check the transaction status at any time using a special plug-in for the POS-terminal or the Paytomat Mobile POS application.
- After receiving information about the successful execution of the transaction from the blockchain, relevant data into the Paytomat database is recorded.
- Further, the seller may keep the funds in the cryptocurrency, to exchange part of or the entire amount into another cryptocurrency or fiat money.
The project presents an intermediate PTI token based on the Waves platform, because the exchanges are reluctant to register new tokens.Paytomat has the structure of an autonomous decentralized organization that contains elements of a decentralized franchise. This protocol allows any POS-device to become a master-node into the PTM-blockchain.
PROMISE OF INCREDIBLE DIVIDENDS
Paytomat project token holders will be provided with plug-ins for POS-terminals and Internet trading, Paytomat eWallets, web control panels, user panels, Paytomat DAO and decentralized deductibles, outlets and payment gateways.The creators of Paytomat have developed a special system of offers and promotions, which are available through the user’s eWallets. Each customer can receive discounts on goods and services. The compensation tool within the ecosystem is the PTX token.
CAPABILITIES ICO Paytomat FOR BOUNTY HUNTERS
Paytomat offers the following bounty programs:
- Writing articles and posts in blogs, making videos about Paytomat technology and details of tokens sale;
- Create and lead your own Paytomat community, translate project documentation, conduct activities to attract public attention to the project;
- Connection of new users through referral links.
All participants of the Paytomat bounty program will be rewarded with PTI tokens for performing tasks and attracting new participants.