Paxpay ICO (PAX)

Blockchain based cryptocurrency payment system

PaxPay is a cryptocurrency payment system that features an innovative smart device known as Paxlet, which can be used as a credit/debit card at any brick-and-mortar business or retailer to make cryptocurrency payments offline in real world shops. PaxPay also features PaxPlace, a cirtual marketing platform that accepts cryptocurrency payments. PaxPlace includes a storefront, a cryptocurrency exchange, and a marketplace for freelancers.

Paxpay Score Analysis

Paxpay ICO is a project that aims to create a wearable device to be used as a credit/debit card at any brick-and-mortar business or retailer to make cryptocurrency payments offline in real world shops. The project has a limited number of decentralized competitors however the project does have a number of centralized competitors with a more mature product and there’s no competitor analysis. The CEO for the project has no verifiable managerial or leadership roles. No member of the team has any professional experience with smart devices and there is no designated CTO for the project. There are members of the development team with numerous years of verifiable experience, however most members of the development team have neither experience nor professional social media links and none of them have the project on their Linkedin profile. The project is currently in mid-level stages of development. The CMO for the project does have experience in the marketing field but PaxPay has an extremely poor presence on social media channels and an extremely low number of followers on all platforms. In addition to the other issues, the hard cap is 28x the soft cap, there’s no plan for future regulation and the whitepaper lacks information about the token.

Paxpay Use of Token

PAX is PaxPay's native token. PAX is an Ethereum based ERC20 token. There will be a total of 1 billion PAX tokens, 35% of which will be offered for sale via the ICO. PAX tokens will be the native currency used for transactions on the platform using a Proof-of-Processed-Payments (PoPP) concept which serves as means for identification of users and distribution of the currency into the system. It will also help offering an intrinsic incentive for usage of PAX tokens for transactions.

  • Organization

    Paxpay

  • Platform

    Ethereum

  • Coin type

    App Token

  • Category

    E-Commerce

  • Soft cap

    2,500 ETH

  • Max cap

    70,000 ETH

  • Max supply

    1,000,000,000 PAX

  • Price

    0.0002 ETH

Paxpay Token Sale Stages

  • Stage
  • Start date
  • End date
  • Amount of Tokens
  • Price
  • Discount
    • Presale
    • 24 April, 2019
    • 44,500,000 PAX
    • 0.0002
    • 30
    • Claim
    • Token Sale Tier 1
    • 85,000,000 PAX
    • 0.0002
    • 15
    • Claim
    • Token Sale Tier 2
    • 100,000,000 PAX
    • 0.0002
    • 10
    • Claim
    • Token Sale Tier 3
    • 120,000,000 PAX
    • 0.0002
    • 5
    • Claim

Paxpay Distribution

Paxpay Use of Proceeds

Paxpay Team Members

  • Duy Tran
    Duy Tran Founder/CEO
  • Annie Pham
    Annie Pham CO-Founder/COO
  • Lisa Hoang
    Lisa Hoang CO-Founder/CFO
  • Justin Vo
    Justin Vo IT Administrator
  • Xiafang Mo
    Xiafang Mo IOS Dev
  • Jessica Meade
    Jessica Meade Community Manager

Paxpay Advisors

  • Richard Nacht
    Richard Nacht Advisor

Paxpay Past Events

  • 31 August, 2019

    Market analysis, Established a foundation of ideas for project, Whitepaper preparation, Development of core team, Finalized icon and slogan creation, Preparation of hiring team members, Initial website preparation and creation, Raised $88,400 total prior to token sale

  • 30 September, 2019

    Addition of new team members, Whitepaper completion, Published website, Initiated ideas for development of PaxPay marketplace, Construction of ideas of multiple Paxlet designs, Preparation of initial PaxPay App design, Start of development of PAX token creation

  • 31 March, 2019

    Within the first month, hire additional highly-skilled and talented people for the PaxPay team to help speed up the development of PaxPay, Updated and finalized website. Launch of completed website design, Initial phase of different Paxlet design concepts and ideas for development, Prepared the initial development of PaxPay marketplace, PaxPlace, Completion of PAX token creation and smart contracts, Prepared for launch of PaxPay Token Sale

  • 30 September, 2019

    Launch a functional version of the PaxPlace marketplace, Launch of beta version of PaxPay wallet for iOS and Android smartphones, Continued advancement of PaxPlace marketing platform by adding more features, Continued development and bug fixes for Paxlet software, Continued development and bug fixes for Paxlet software, Implementation of cryptocurrency exchange onto PaxPlace marketplace, Implementation and expansion of the freelancer business infrastructure onto PaxPlace marketplace

  • 30 June, 2019

    Launch of PaxPay Token Sale, Continue development of PaxPlace marketplace 13, Initial phase of Paxlet design and development, Development of a clean, sleek mobile application for iOS and Android smartphones to allow users to be acquainted with the user interface of PaxPay wallet, Proposed wallet

  • 31 December, 2019

    Roll out PaxPay’s banking functionality, Launch the PaxPay desktop application for Windows, Linux, and other popular operating systems, Launch advanced plug-ins for online retailers and businesses, Continued development of Paxlet, Testing of beta version of Paxlet, Completion of Paxlet project, Continued expansion of the freelancer business infrastructure on PaxPlace, Completion of the project and working on adding additional features for PaxPay, PaxPay will release an updated projected goals and timeline for 2019 at a later date in 2018