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ProntaPay – Revolutionizing Payments

What is Prontapay?
Prontapay is the world’s first Smart Legal Invoice (SLI)™ payment system that will utilize smart contracts & blockchain technology to help businesses of all sizes get paid more efficiently, saving money on transaction fees and creating a more stable, fast and secure invoice ecosystem all while rewarding users with Pro Pay Coins for every successful transaction.
Vision
“Our Vision is to be the world’s first blockchain invoices solution to truly cross over into the mainstream system & help businesses of all sizes get paid more efficiently, on time and create a more stable fast and secure invoice system.
Mission of the Project:
“Prontapay will be a revolutionary invoice payment platform built on a blockchain technology that will use smart contract & smart legal code, to create our trademark Smart Legal Invoice (SLI) tm. Companies will be able to create and send our Smart Legal Invoices using our desktop or mobile interface to customers quickly and easily requesting payments for services or goods automatically or on a set date determined by them.”
SOLUTIONS PROVIDED
As with most companies, accepting or making payments business to business (B2B) can cost anything from 0.5% all the way up to a greedy 7% by merchants taking the cut to offer a method of payment.
The system is flawed and controlled by the banks and merchants, giving unfair charges to companies wishing to pay for services required to operate.
Prontapay’s service will completely eliminate this problem by offering a peer to peer smart contract system and legal smart invoice code, allowing for direct payment without the middleman.
According to their website: Prontapay.io
Prontapay will be a revolutionary invoice payment platform built on blockchain technology that will use smart contract & smart legal code, to create our trademarked Smart Legal invoice (SLI)™. Companies will be able to create and send out smart legal invoices (SLI)™ using our desktop or mobile interface to customers quickly and easily requesting payments for services or goods automatically or on a set date determined by them. Each invoice will be sent on the blockchain and incorporate smart legal coding that will make the invoice once accepted form part of a more legally binding agreement between company & payer.
The team have given a 1% overall percentage of making transactions through their SLI system, enabling invoices to be processed according to the smart contract on a specific date, creating a guarantee of a sort which combines lightening fast transaction speeds at a fraction of the cost of other merchants.
Prontapay’s main benefits are the blockchain ledger for proof of receipt which can offer easy accounting calculations at the end of the financial year and their lower prices compared to any merchant or bank currently offering a similar option.
PRODUCTS UNIQUUENESS
As depicted above, it is a latest invoicing system to be powered by Blockchain technology, wherein Smart Contract will play its role to solve the unsolvable problem of the Sellers without involving and 3rd party, thus saving cost.
Comparing the conventional Invoicing solutions against Prontapay, it can easily be state that, among other things provided by the conventional invoice systems, this product will have unique strengths such as:
  • No Involvement of 3rd Party to ensure payment, as the system will auto debit the customer’s wallet at the pre specified date in the invoice, which will be accepted by the customer
  • Reducing cost as low as 66% if compared to conventional mechanism of invoicing
  • Among other features which are provided by any invoicing software, this project will be built on Ethereum Platform, a blockchain most recognize for Smart Contracts. Further, the use of blockchain technology adds value in terms of Immutability, Security, and Provenance. So, a business at any time can track his history of transactions.
Is PRONTAPAY Use Case really worthy?
The answer to this question is very simple, don’t go for any statistics, just ask any accountant who deals with Billing and Invoicing. You will find that how severe this problem is, and if solution to be provided by Prontapay is executed as promised, and then it will definitely revolutionize the way business is conducted in the contemporary world. The product is best of the both world in terms of its idea.
How ProntaPay Works?
ADVANTAGES
Our Smart Legal Invoice (SLI)™ will be automatically debited from the customers Ether wallet on the agreed date, due to the nature of crypto currency the transaction will be lightning fast and cost a fraction of the price that traditional companies charge to facilitate payments.
Every transaction that uses Prontapay incurs a 1% transaction fee, which is far cheaper than its competitor’s fee. Prontapay’s solution is up to 66% cheaper than the alternatives.
After every successful invoice that is processed on the Prontapay platform we will reward both business & customer with Pro Pay coin to further incentivize the future using of Prontapay.
TOKEN DETAILS
The PRO tokens are issued on the ERC20 standard. In total, during the ICO 250 million coins are sold. The developers are planning to collect $500.000 (soft cap) during the Pre-sale (14 April - 14 June 2018). The main phase of the ICO will be from 1st July until 1st August. All unsold PRO tokens will be destroyed. Good news for investors: assets are scarce, it is anticipated a gradual increase in prices.
Prontapay Token Details
• Total token Supply: 250,000,000
• Available Supply For ICO: 75,000,000
• Soft cap : $500,000
• Hard cap: $15,000,000
• Token platform: Ethereum
• Token model: ERC-20
• ICO starts: 14th April 2018
• Initial Base Rate: 1 ETH = 3500 (PRO)
Token Distribution and Fund Distribution
According to Whitepaper, 250 million PRO are allocated in the following way:
30% of tokens will be sold during the Pre-sale and the main stage of ICO.
30% of tokens will be reserved for paying participants bonuses.
28% of PRO are distributed among the project staff and Bounty participants.
12% of tokens will be spent on AirDrop, the project promotion, the payments for referral program participants.
Funds collected during the ICO will be spent on business:
60% of tokens will cover the costs of advertising, marketing, the project promotion and the Prontapay platform development.
20% of tokens are planned to be spent on current operational costs.
20% of tokens are the fund for audit fees, payment of legal business registration and unexpected costs.
Financial & Development roadmaps

MEET THE AMAZING TEAM
ADVISORS
For more information, please visit the links below;
Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409

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