What is Payportal ICO (PPTL Token) Project?

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What Is Payportal?

Payportal’s platform connects service providers in India like mobile operators, banks, digital TV operators, and utility companies with the masses via their wallet. The wallet number is directly linked to the mobile number of the owner.Retailers are able to utilize the Payportal wallet to satisfy their walk-in customer's requests in a fast and secure manner. Online customers can enjoy all of the wallet’s features remotely. Customers can access the wallet via a secured webpage on a standard browser or utilize an iOS or Android application.

walletThe Payportal platform connects Indian service providers such as banks, mobile operators, digital TV operators and utility companies with public through a WALLET. A wallet number is linked to a mobile number of the owner.

Retailers use Payportal wallet to satisfy walk-in customers’ requests to make bill payments, recharges and domestic money transfers pan India in easy and secure way. On-line customers enjoy all wallet features remotely.

The platform is utilizing the advantages of personal computers and smart phones. Customers and Retailers can access wallet services at the secure web page through the standard web browsers https://mob.payportal.in or benefit IOS and Android applications available at App Store and Google Play.

The Blockchain

To develop the Payportal platform further, the developers have decided they need to utilize the blockchain technology. Some of the advantages will include server decentralization. It will ensure that wallet data is kept safe in case hackers get into the systems.Besides that, they plan to utilize the blockchain to facilitate the transfer of money across international borders. This service will leverage the money transfer expertise that the Payportal team already has. To achieve their goal they intend to create their own digital currency dubbed the PPTL coin. These coins will be accepted as a means of payment and are converted into Indian rupees at the final stage of the transaction. All fees will be paid in the PPTL coins.

Distributors will play a major role in the transfer of PPTL coins. They will purchase tokens in the OTC market or exchange and transfer funds via a smart contract to the company’s wallet. The transaction will contain the wallet number of receiver and value of coins.

ICO Details

PPTL tokens are ERC20 tokens. There will be 20 million tokens produced. 14.5 million Tokens will be sold to the masses. They will be sold at the price of 1 token = 0.002 ETH. The project has a soft cap of 3000 ETH and a hard cap of 24000 ETH.The private sale has already started, and it will end in 18 days. The date for the ICO will be announced after the private sale. Tokens will be non-transferable until the ICO ends. The ICO is expected to last until July 15, 2018.