What Is Paymon and Why Is Everybody Talking About It?

[Goodcat49]

In the world where blockchain-technologies and cryptocurrency took place we can notice new IT-companies almost everyday. Each of them is trying to find the solution to different problems in the industry, but not all are successful. Still there is an example of success. We are talking about the Russian company called Paymon.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/what-is-paymon/



Paymon Set to Make Fund Transfer Easy

The Paymon blockchain platform together with the two applications, Hive and Profit, seek to work together to allow users to convert crypto into fiat and vice versa and also transfer these freely and easily. Besides, the network hopes to enable users to follow the performance of their businesses by tracking the dynamics of their crypto holdings. Better yet, users can communicate and play games on the platform. Though the Paymon network fosters communication, the chats are encrypted and only accessible to the intended recipients.

Profit, in particular, enables entrepreneurs to create company accounts and receive payments in cryptocurrencies, for the goods or services they offer. And, users that are young at heart or people that just want to unwind can do so through the games that the Paymon platform shall make available. While these applications point to the needs of the average person, it is important to highlight just who this platform targets specifically.

Who Does Paymon Hope to Help?
At the moment, Paymon hopes to offer solutions to people that want to send money to and receive it from friends and relatives from all over the world. Also, the platform seeks to provide better services to people that are appalled by the status quo, and think that the services offered by the operators in the current banking services are subpar. Also, the Paymon system targets users that would instead not undertake their financial transactions in an ecosystem characterized by hefty fees and intermediaries that are undeserving of the mentioned fees.

What Features Set Paymon Apart from Other Cash Transfer Systems?
With the advent of the blockchain technology, many exchanges have emerged to help investors trade in their crypto holdings. However, it is only until recently that these exchanges are coming to the blockchain. Paymon is one of the few that are now hedged on the blockchain. However, it does stand out because it is exclusively blockchain-enabled and though it allows users to convert crypto to fiat, cryptocurrencies are the platform-recognized medium.

The platform is global-centric, user-friendly and open to anyone. Moreover, their mobile app is already up and running, and users can now download it from the Google Play store and iTunes, and there is a web version that users on PC can use. The release of the app that is out, the beta version, is functional (users can now transfer Bitcoin and Ethereum) already.

Details of the Paymon ICO
The Paymon team is running a token generation event in three rounds. The premise here is to let users see for themselves, the key performance indicators of the network so that they can only opt-in while informed by the capabilities of Paymon that they can both witness and verify.

The team is offering 1,000,000,000 PMN tokens during the ICO. During the first stage, 400 million PMNT shall be available for sale with another 250 million and 200 million available during the second and third rounds of the ICO, respectively. The team has reserved another 150 million tokens that it plans to distribute to the core #DevelopmentTeam , media and advisors and a small chunk to fire the bounty campaign.

The Paymon ICO is open to all but targets pool funds and big investors, and the benefits to any investors that opt-in are already apparent. The utility of the platform primarily in providing an easy way to convert and transfer cryptocurrencies at almost zero cost, and the ability to send and receive payments from people all over the globe will make Paymon very attractive. Besides, the platform promises easy scalability, a problem that the pioneer blockchain networks are still grappling with; and this is another factor that makes Paymon very likable.

The fund transfer market is undergoing some very serious revolution. With all the discoveries going on, it is interesting to watch how things will play out. Paymon especially offers exciting prospects.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/paymon-set-to-make-fund-transfer-easy/



5 Reasons to Invest in Paymon

Paymon is an IT-company devoted to improving blockchain technologies. After the first round of ICO on March 5, the startup took up developing its own blockchain and cryptocurrency: PMNC (Paymon Coin). At the moment, Paymon is conducting the second round of ICO that ends on May 3. So, here are 5 reasons why it is worth investing in this project.

1. The Team is Open, Innovative & Dynamic
The Paymon team is young, ambitious and open to its investors and users. These students from Russia came together not for ICO, but for the project. They’ve been working together as a team for two years, and it’s easy to get to know them personally. They take part in blockchain-conferences, and aren’t afraid to show their faces and names on social media. It’s easy to find out about each member of the team on the Paymon website or social media.

2. The Improved Blockchain is disruptive
This new blockchain is called Hive. This is the Directed Acyclic Graph, on which the new cryptocurrency will be based. With Hive it will be possible to make transactions without any fees or long delays in confirmation. The blockchain will make it simple for users of the network to be a part of the system. Instead of miners, the users themselves will confirm the transactions. Hive will also include smart-contracts and crosschain. All the exchanges will be based on atomic swaps, the main purpose of which is to maximize the simplification and concentration of all the possibilities for exchanging different cryptocurrencies within a single platform. So, each businessman who will use PMNC will be able to exchange it to any other cryptocurrency inside Paymon. Revolutionary features of the Hive have given Paymon a unique ability to increase speed, quality and security of the network with each new user and each transaction.

3. Community & Advisers
Paymon already has loyal users, a vast community, as well as strong support from its advisers and notorious people of the industry. Here are some important names:

Soslan Sozaev is the endorsement of Paymon. He is a Senior in a  multinational financial audit and advisory firm Ernst&Young, the cryptocurrency expert and also an experienced professional in financial advisory of ICO projects.

George Gogoladze is also Paymon’s endorser. He is a businessman and a professional quantitative trader from Georgia. He is advising the team on the work with exchanges.

Victor Chow is a renowned ICO Adviser. He was a former senior corporate leader in venture capital, start-ups, telecommunications, ICT, financial and blockchain technologies. For over 28 years, Victor has held CXO positions across general management, strategic planning, business development, sales, marketing and global operations management in Asia Pacific, Europe and North America. He was the previously the founding CEO of InspiraAsia FinTech Startup Accelerator, and Head of Asia Operations for Life.SREDA VC. Currently, he is the CEO of an ICO Advisory & Marketing firm.

These are industry people who will never put their names at risk, supporting scam projects.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/reasons-to-invest-in-paymon/

[Goodcat49]

Paymon: Blockchain 4.0?

The blockchain company Paymon finished the second round of ICO on the 3rd of May. As it was mentioned in this article, the new technology is one of the strongest reasons to invest and believe in the company. What exactly is the innovation of the Paymon blockchain called Hive? Why is it more pioneering than technologies of Bitcoin, Ethereum and IOTA? Here is a detailed comparative description of Hive and its processors.

A Short History of Blockchain Technologies
From 2009, when Bitcoin just appeared, the blockchain was known just as its main technology. When cryptocurrency first became popular in 2015, people payed attention to its technology and called it Blockchain 1.0. That same year, the world saw Ethereum blockchain, which fixed some of Bitcoin’s problems and also became popular. People called it Blockchain 2.0.

In 2015 IOTA made a major change in decentralized technology, integrating the so-called graph—Directed Acycling Graph (DAG). In fact, it's not a blockchain itself, but an improved system for replacing it. IOTA called it Tangle. Some called it version 3.0. What is next?

Paymon Blockchain = DAG
Paymon cryptocurrency PMNC (Paymon Coin) will also be decentralized and will be based on the DAG system.

DAG is a directed graph that has topological ordering, a sequence of the vertices such that every edge is directed from earlier to later in the sequence.

DAG in this case is the replacement for blockchain. Transactions, based on DAG, will be confirmed by nodes. Each user of the network is a node, so the whole graph is full of them. Nodes send and also approve the transactions

The main idea of Hive is to work in the following way: when a new transaction arrives, it must approve or try to approve two previous ones.

In order to speed up the process of confirmation the nodes form groups (so called “pools”) and each of them approves its transactions. That’s why all the users, making transactions, work for the network’s safety.

Hive also uses the system Proof-Of-ME (POM), based on Proof-Of-Work and a rating system. This protection principle assumes that the user who wants to join the system must first confirm himself.

DAG, in fact, makes the creation of cryptocurrency possible without blockchain.

No Commissions + High Speed of Transactions
Thanks to DAG there will be no mining in the sense that miners will not receive money just “out of the air” for confirmation of transactions. It gives three important advantages to the system.

First, DAG solves the scope problem. For example, the Bitcoin system allows to make only seven transactions per second. Ethereum blockchain – about 13-15. EOS, also based on blockchain, allows 100,000 transactions. But with DAG, it is possible to make unlimited amount of transactions. So, it’s possible only for Paymon Coin and IOTA.

Second, the speed of transactions will rise without miners. To compare, Bitcoin transaction confirmation takes about half an hour. Ethereum’s—from 15 seconds to a few minutes. Paymon Coin transactions, however, will work instantly.

Third, the Paymon system will allow you to avoid commissions for the transactions. In February 2017, when a lot of people started to use Bitcoin actively at the same time, the commission fee averaged $55. This problem is still relevant in the cryptocurrency industry. EOS and IOTA transactions are free now, and Paymon Coin ones will also be free.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/paymon-blockchain/

[Goodcat49]

Paymon Launches a Charity Project: Donations to be Accepted in Cryptocurrency

The blockchain-platform Paymon came up with an idea for a charity project. The founders collaborated with the charity fund “Zhivi Malysh”, which works to save children’s lives since 2012.

Paymon is a startup founded by Russian students in 2016. They work with blockchain technologies, trying to make cryptocurrency more useful and affordable for everyday life.

The main goal of the charity project is to help kids and their families, who are going through difficult life situations. Most of these families have children, who suffer from health problems. Through this project, Paymon wants to draw people’s attention and refute the myth that cryptocurrency is only a form of payment for drugs and weapons. This is simply not the truth.

“Every coin has two sides, and every person is free to choose whatever he or she wants to do with cryptocurrency. In this case, it can save lives,” says CEO Paymon Semeyon Gleim.

The project already has financial support from Semeyon Gleim and Paymon team. The company hopes for empathy and kind-heartedness.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/paymon-launches-a-charity-project/

[Goodcat49]

Paymon and Cryptocean Announce the Launch of Crypto Debit Cards

Two blockchain companies, Paymon and Cryptocean, have finalized a partnership to produce crypto debit cards.

Both companies are developing technology for the crypto industry. Paymon is focused on creating a new Hive blockchain system, which will allow users to transfer PMNC (Paymon Coin) without any commissions or delays. The company is also creating a universal infrastructure for working with cryptocurrency assets.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/paymon-and-cryptocean-launch-crypto-debit-cards/