PayRue - A Didital Asset Platform
Introduction
The most compelling argument in favour of the digital art market and cryptocurrencies is that it provides a "decentralised" environment. The nature of cryptocurrency decentralisation refers to the fact that investors work directly with one another rather than through a centralised exchange. Cryptocurrency buyers and sellers can communicate, buy, sell, and display ask prices with one another in real-time without having to be in the same location. The decentralised marketplace provides buyers and sellers with a new way to trade to ensure authenticity and security. Virtual markets are usually unregulated, which users appreciate; however, decentralised currencies and trading provide the same users with the security and trust they require to continue using these markets.
Peer-to-peer transactions on a decentralised market are an attempt to democratise the art world in terms of NFTs. In NFT marketplaces, decentralisation is important because peer-to-peer trading makes digital art purchases, as well as other online transactions, more secure and controlled.
So, this project is all about a decentralised NFT marketplace with incredible features and a fantastic token!
What is Payrue?
PayRue is a decentralised digital asset platform. Wallet, swap, cross bridges, NFT, and staking services are all available.
PayRue uses the Ethereum, Binance Smart Chain, Polygon, and Fantom blockchains to operate and support its tokens.
Mission & Vision
The mission and vision of PayRue are to build and support the growth and usage of digital assets.
Why PayRue?
PayRue products and services are created and designed to meet the demand and expectations of our current users same time a lot of research is conducted into trends and the market as a whole.
Key offerings are
● Staking - Propel staking contract is designed to allow holders of Propel to stake a principal amount whilst collecting daily Propel rewards at a fixed rate of 100% APY. The staking contract length is fixed at 365 days for each new stake and the rate is fixed and guaranteed at 100% APY or 8.33% monthly APY
● Liquidity mining
● Wallet - PayRue Wallet is your digital asset wallet for transfers, swaps, staking and NFT collectables With PayRue Wallet you are in control of your private keys, have easy access to transfer and swap over multiple blockchains and manage multiple tokens easily direct from mobile
PayRue Wallet
Your Wallet for Crypto and NFT
Trade any token on BSC, Ethereum and Polygon direct from mobile
● Swap - Swap Token on
BSC network
Ethereum Network
Polygon Network
● Best Place to Collect, Buy and Sell NFT ASSETS
Hold your NFT Collectibles close to you
Control of your private keys
● NFT Wallet
Connect with NFT Marketplaces
Hold any NFT in your wallet
Swap NFT using WalletConnect
● LTD & DAO Organisation
Revenue - 65% To PayRue Ltd
25% to PayRue DAO
Managed by 5 Governors
10% to PayRue Penguins Holders
● Chat
● Governance
● Order book, market and limit orders
Features
● Decentralised: PayRue is today completely decentralised excluding the general web hosting at AWS.
● Access Nodes: The wallet, swap and exchange services is connected by access nodes for Ethereum, BSC, Polygon and Fantom.
● 0x Protocol: PayRue DEX Wallet and pay rule. finance is built on top of 0x Protocol by using their API to connect PayRue users to their protocol and allow access to its services.
● NFT marketplace: PayRue NFT Marketplace is a native built using Polygon blockchain and Ethereum.
● Staking: PayRue staking contract is built open source and is available to view on GitHub.
PayRue Application
PayRue Application consists of
● PayRue DEX Wallet - a multi-chain wallet on BSC, Ethereum and Polygon available on Android and iOS.
● PayRue.finance - web-based swap aggregator in BSC, Ethereum and Polygon.
● PayRue NFT Marketplace on Polygon
Token
Propel is the native token of PayRue and its associated application.
Binance Smart Chain is the Blockchain used.
8 Billion PROPEL is the Total Supply.
Propel token economics is built around rewarding and incentivising the community and active users.
Their initial value for PayRue in Propel is user acquisition user data and statistics activity through incentives driving revenue.
The long term value is loyalty, branding, and community support.
Propel token is not only to reward and build loyalty, but it's also a way of building better products and services and the payment for doing this research and customer growth comes through actively supporting the Propel token as a tradable and valuable token for the active users in PayRue.
The Propel token is essential in PayRue operations and the future. The token has a max supply of 8 billion tokens that are distributed on Binance Smart Chain, Polygon and Fantom.
The token gives incentives and rights to users example is
Voting - governance token
Staking - rewards for providing liquidity
Discount - gives users rebates on fees
Marketing - reward users who help and build the community.
Team
PayRue's core team consists of individuals with backgrounds in finance, technology, and startups. Mikael Olofsson founded PayRue in London, UK, in 2018. The goal is to provide a simple way to use cryptocurrencies. Key personnel are based in the United Kingdom, Finland, Switzerland, Gibraltar, Russia, and Ukraine.
Mikael Olofsson
CEO
Gabriele Rigo
CTO
Mikko Ohtamaa
Technical Adviser
Paul Andersson
Partner & Adviser
Progress
Phase One
● The PayRue app's future is bright, and one of the most important metrics to measure success at this point is user growth. The goal is to reach 1 million users in total downloads/installs and Propel wallets across multiple blockchains.
● We anticipate a significant increase in revenue as that milestone is reached, in the form of swaps and trading executed by users.
Phase two
● PayRue will become a DAO (Decentralised Autonomous Organisation) as part of this to better fit and manage growth.
● PayRue Ltd and any other registered entities may be required to register with regulatory bodies to expand and sustain certain services.
Phase three
● PayRue users will now use Propel as their default token for rewards, incentives, and payments.
● E-commerce, digital ownership, and insurance applications are likely to see new services.
Conclusion
So this project appears to have a bright future ahead of it, and it has the potential to pay off handsomely while also establishing a solid reputation! If you're an Android user, you can download the whitepaper as an app from the Google Play Store! The project has a lot of interesting components that are worth looking at and investing in!
For more information
Website: https://payrue.com/
Whitepaper: https://docs.payrue.com/payrue-white-paper/
Bounty Thread: https://bitcointalk.org/index.php?topic=5375402.0
Telegram group: https://t.me/payrue_global
Facebook: https://www.facebook.com/payrue
Twitter: https://twitter.com/pay_rue
Instagram: https://www.instagram.com/payrueofficial
Reddit: https://www.reddit.com/user/payrue
Discord: https://discord.com/invite/6XR9v7Wydw
Forum: https://forum.payrue.com/
Github: https://github.com/payRueOrg
Written by
K. Siva Arulmani
Bitcointalk Username: : @siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654
POA: https://bitcointalk.org/index.php?topic=5375402.msg58647954#msg58647954