What Is PumaPay (PMA)?
What is PumaPay?
PumaPay is the first DeFi payment protocol to facilitate subscription payments and other advance placard models. It democratizes payments by providing a solution that is permissionless, frictionless, detached and open for all. With the introduction of its initiate engineering, the PullPayment Protocol, PumaPay was the first project to inverse the steering of crypto value transfers to enable a “ pull ” quite than “ push button ” mechanism. This engineering allows merchants to accept payments by pulling funds from customers ’ wallets according to predefined terms. PumaPay presently facilitates fast, cost-efficient crypto payments for bad diligence giants in Adult Entertainment, Gaming & more. It is available for free and offers a set of tools that enable smooth value transfers between merchants and individuals. This includes a occupation cabinet, native mobile app, and decree settlement layer. All transactions on the protocol are executed with its native keepsake, PMA. An ERC20 token, it is the powerhouse behind PumaPay.
Who are the Founders of PumaPay?
The tauten behind PumaPay is known as Decentralized Vision. The company presently has over 20 employees, many of whom have overlapping roles at PumaPay. PumaPay was co-founded by Yoav Dror, who still operates as the CEO of the platform to this day. Dror has an across-the-board history of holding administrator roles at big firms and has more than 20 years of experience heading on-line high-transaction companies. The early co-founders are not public confront. Besides Dror, the PumaPay administrator team besides includes Giorgos Kourtellos – PumaPay ‘s CTO. With a backdrop in mastermind and extensive professional experience in blockchain development at the IBM Client Innovation Center, Giorgos plays a significant character in the guidance and development of the platform .
What Makes PumaPay Unique?
PumaPay ’ s chief feature is its PullPayment Protocol. The PullPayment Protocol is composed of a singular architecture of smart contracts. A initiate technology, the protocol facilitates the integral solution and controls the logic of transactions within the platform. This is powered by its native token, PMA, as it is the lone means of value remove within the protocol. This technology is singular in that it enables new, previously unheard of, crypto charge methodologies on the blockchain by inversing the mechanics of crypto transactions to allow merchants to “ pull ” payments from customers according to predefined terms. PumaPay presently utilizes their engineering to enable advanced charge models such as :
- Subscriptions
- Auto top-ups
- Pay-per-time
- Pay-per-use
- conduct Debit and more .
How Many PumaPay (PMA) Coins Are There in Circulation?
As per the PumaPay whitepaper, the total supply of PumaPay tokens is allocated as follows : 35 % to Decentralized Vision Ltd to be used for the development of the protocol and future strategy ; 20 % to public contributors ; 20 % to launch partners and early adopters ; 15 % to advisors, professional fees and bonuses ; and 10 % to the founders and team .
How Is the PumaPay (PMA) Network Secured?
PumaPay was built on exceed of the Ethereum blockchain. As a result, it is secured by the compound efforts of thousands of Ethereum miners and nodes, which act to enforce its proof-of-work ( PoW ) consensus algorithm to resist attacks, including 51 % and spread denial of servicing ( DDoS ) attacks. additionally, the keepsake smart contract has been audited by third-party providers who confirmed that the project meets all command standards — – to date, no major vulnerabilities have ever been found in the PMA token contract. Though PumaPay presently operates on Ethereum, it has the capacity to migrate to a different net if needed .
Where Can You Buy PumaPay (PMA)?
PumaPay is available to purchase immediately within the PumaPay wallet fluid app deoxyadenosine monophosphate well as on several top-tier exchanges including OKEx, HitBTC, Bittrex, and Bitsdaq. Traders will be able to find PMA paired against Tether ( USDT ), Bitcoin ( BTC ) and Ethereum ( ETH ) on several exchanges, whereas PMA can besides be traded against U.S. dollars ( USD ) on HitBTC.
It ’ s important to note that transactions on PumaPay ’ randomness protocol are exempt besides the Ethereum boast fees. Thanks to the use of blockchain, every transaction is immutable, and chargebacks are impossible, giving merchants peace of mind when accepting crypto payments.
Decentralization besides plays a big part in the chopine ’ sulfur ambitions. Since customers can directly interact with businesses without the want for another third-party or jobber, this can help keep costs down by removing unnecessary platform fees and payment central processing unit charges. The project was created in 2017 and held an initial mint offer ( ICO ) in May 2018, raising ~ $ 117 million by selling a entire of 78 billion PMA tokens. The PMA token itself is used to provide quick and cheap transactions via PumaPay ‘s PullPayment protocol, enabling subscription-based payments, micro-transactions and shared payments to maximize tractability for customers and retailers .
Who Are the Founders of PumaPay (PMA)?
PumaPay was co-founded by Yoav Dror, who still operates as the CEO of the platform to this day. Dror has an extensive history of holding executive roles at big firms and has more than 20 years of experience heading up on-line high-transaction companies. The other co-founders are not public-facing. Besides Dror, the PumaPay executive team besides includes Aristos Christofides — PumaPay ’ s CTO — who has a masters in electronic engineering and more than 15 years of experience in commercial application development. Giorgos Kourtellos is PumaPay ’ randomness chief blockchain architect and previously worked at IBM Client Innovation Center as a full-stack blockchain developer for four years. The firm behind PumaPay is known as Decentralized Vision. The company presently has over 20 employees, many of whom have overlapping roles at PumaPay .
What Makes PumaPay (PMA) Unique?
One of PumaPay ’ second main features is the arrant extenuation of excitability while providing 100 % liquidity to merchants. The undertaking achieves this by using an advanced decree liquidation layer which cancels out volatility and ensures liquidity by locking the PMA rally rate at the here and now of each transaction. flexibility is besides one of PumaPay ’ s strengths since it allows businesses and customers to choose between one-time-only and recurring payment options like “ pay-per-time ” or “ pay-per-use. ” This solution makes PMA utilitarian as a payment method since it can nowadays be used to settle subscription-type payments without requiring authorization each clock a payment needs to be made, due to PumaPay ’ s singular PullPayment protocol. PumaPay has created a range of services, products and tools to enable Payment Service Providers ( PSPs ) to easily join the chopine and provide their services to thousands of customers worldwide. The platform is besides PCI DSS Services Provider Certified, which provides peace of mind to PSPs looking to integrate the PumaPay APIs .
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Check out Ethereum — the democratic distributed computing platform. Follow XRP — a digital asset used for cross-border payment settlements. Stuck on a crypto term ? Find out what it means at the Alexandria Crypto Glossary. Stay on exceed of the latest newsworthiness and updates with the CoinMarketCap blog .
How Many PumaPay (PMA) Coins Are There in Circulation?
PumaPay has a specific utmost entire provide of 78,042,956,829 PMA — all of these tokens were created during the May 2018 PMA nominal generation event ( TGE ). The platform presently has a circulating supply of fair over one-third of this, at 26.4 billion PMA as of October 2020. The project concluded its ICO on May 7, 2018, after collecting approximately $ 117 million by selling 50,000 PMA for 1 ETH during the PumaPay pre-sale and 25,000 PMA for 1 ETH at the ICO monetary value. As per the PumaPay white newspaper, the entire supply of PumaPay tokens is allocated as follows : 35 % to Decentralized Vision Ltd to be used for the development of the protocol and future strategy ; 20 % to public contributors ; 20 % to launch partners and early adopters ; 15 % to advisors, master fees and bonuses ; and 10 % to the founders and team .
How Is the PumaPay (PMA) Network Secured?
PumaPay was built on top of the Ethereum blockchain. As a solution, it is secured by the compound efforts of thousands of Ethereum miners and nodes, which act to enforce its proof-of-work ( PoW ) consensus algorithm to resist attacks, including 51 % and circulate denial of service ( DDoS ) attacks. additionally, the nominal smart contract has been audited by third-party providers who confirmed that the project meets all compulsory standards — to date, no major vulnerabilities have always been found in the PMA token sign.
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Though PumaPay presently operates on Ethereum, it has the capability to migrate to a different net if needed, such as if a victor alternative arises that better fits its needs .
Where Can You Buy PumaPay (PMA)?
PumaPay is available to purchase and trade on several top-tier exchanges including OKEx, Bittrex and HitBTC. Traders will be able to find PMA paired against Tether ( USDT ), Bitcoin ( BTC ) and Ethereum ( ETH ) on several exchanges, whereas PMA can besides be traded against U.S. dollars ( USD ) on HitBTC. Don ’ t have any assets to trade against PMA ? Learn how to buy cryptocurrencies immediately with your credit rating and debit calling card here .
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