Good afternoon. In which countries have you already obtained all the necessary licenses?
Mostly from Asia at the moment, Singapore, Philippines, UAE but finalizing Indonesia and others. Does it mean that there are no European countries in this list? There is but expansion is Europe will be in Q2 of 2019. Please read our whitepaper under Roadmap: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6 |
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Will not the avilabiity of Singapore's license to carry out aaycentos activities hinder the whole process of the service in Europe?lP
We will get country-specific licenses including Europe's so there should be no issue. |
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Hello. I’m wondering what solutions in the field of personal data security will be implemented in your app.
We follow the global industry standard and comply with AMLC and KYC. |
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Is there a contactless payment option in your app?
Yes, the app itself has many features and one of these is bills payments. |
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Good afternoon. How are you going to interact with those who doesn’t have a smartphone?
We have a web version of the app. We also have an API for online transactions. |
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Will I be able to cancel the exchange operation during a certain period of time?
Since Paycent is a dual ewallet, you have the option as to when you want to do the Exchange. |
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Hello. Will there be an additional commission for the instant conversion of crypto currency?
We will employ the commission on the whitepaper on the initial stage. Additional commissions depends on the market. |
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Will your application contain a tool that allows investing in crypto-currencies?
It is on the pipeline but not on the 1st release. Please do watch out for it. |
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Will I be able to cancel the exchange operation during a certain period of time?
Paycent aims to have every transaction set in real-time. |
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Tell me please, is there a maximum number of tokens that can be purchased by one person?
No there's no maximum number of tokens that can be purchased by one person. If you're interested in participating to Paycent Token Sale, go here: https://contribute.paycent.com  |
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What role will Texcent play in Paycentos’s operation? Does it belong to you or is it a third-party organization?
Paycent is the product and Texcent is the company behind it. |
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I just saw and used the bounty website. I am impressed, you guys are doing a really good job! also thank you for answering the previous question i sent!
Thank you so much for your support! |
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I hope Paycent is a good startup, this is my first investment on a ICO and also the first message on forum. Thank you for your support! |
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So what about applying for bounty. The site still doesn't accepts registrations?
Yes it is temporarily on hold. |
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Will users be able to destroy any part of their tokens? Sell them far below the market price, for example?
Liquidity is always going to be limited as tokens will get burnt every time any paycent user buys or sells crypto using paycent. Why are you going to sell the tokens below the market price? I'm not talking about myself; I'm just trying to consider all possible variations of events. After all, won’t there be a minimum selling price set by the platform? Yes there is but it is dependent on the market so I cannot give you the price for the future. |
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Good afternoon. Let's say I'm changing Bitcoins to Euro. In what currency will I be charged?
It will be a multi-currency wallet so you can convert your crypto to which currency you opted. Are they converted directly or first converted to tokens of your platform, and only then to the fiat currency? It will be converted to PYN tokens. Please read our whitepaper for the conversion flow: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6 |
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Is there a charge on automatic conversion of crypto currency to fiat money?
There is a minimal fee of 1.5%. Keeping the fees low will be Paycent's priority as we are looking to add more users to the ecosystem rather than earning more profit. To know more about it, kindly read the whitepaper: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6Does the size of the sum that I would like to exchange affect the size of the commission? It is a percentage so the size of the amount is not relevant. No, I meant that the minimum commission is 1.5%. And what is the maximum? That is yet to be disclosed. Please watch out for that information soon. |
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Hello. Is there a limit on the maximum number of tokens purchased at once?
None, the many the better. |
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Tell me please, when will your tokens appear on crypto currency exchangers?
Hopefully starting December. We have already developed the abstraction layer and integration to exchanges this November. |
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