I have heard that your platform will be updated in the future. Does it turn out, that tokens, compatible with the previous version, will be canceled?
Good afternoon. What is the fate of those tokens, that will not be sold on the ICO? And are there plans for an additional issue, in case if the demand will exceed supply?
The PumaPay token (symbol PMA) is the facilitator of the protocol’s unique PullPayment functionality. It is the only means of value transfer between parties over the protocol and can be converted to from any other cryptocurrency or fiat.
The token will initially be developed as an ERC223 compatible token over the public Ethereum blockchain (PMA V1.0). This will facilitate the TGE as well as the initial usage of the token as a means of payment on our Launch Partners platforms from day one.
Within six months after the TGE, we will introduce the final version of the token (PMA V2.0) which will be developed over a next generation blockchain (ORBS or EOS) and will be aligned with all the functionally of the PumaPay Protocol.
Upon launch of the PumaPay Protocol and PMA V2.0, holders of the PMA token will be able to convert their V1.0 token to V2.0 by sending it to a special smart contract that will return PMA V2.0 tokens. Details of the exact conversion mechanism and ratio will be announced in the future.
The final and total supply of tokens will be issued in the TGE and there will be no future addition to this amount.