Paytoshi was started as a pet project in autumn 2014 and launched in december 2014. It was born in what appeared to be a profitable bubble left by Microwallet. In little less than two years we handled ~33M microtransactions exchanging ~85BTC. We always were runner-up in this market segment, but we are proud of our continuous operations.
Paytoshi has never been profitable because our transaction volume was just too low, but we loved cryptocurrencies and we decided to keep the project running nonetheless. We poured great effort to make a secure and reliable architecture and a good faucet script. We actively developed and honed our systems till this summer, when our company shifted focus on other projects.
We planned to make an announcement in a few days, but FaucetBox was always too fast for us: it launched a few weeks before us, gained more traction at the beginning, decided to close down sooner...
So here's our announcement: Paytoshi stops operations on 14th December 2016. As a faucet owner, you can transfer your funds to an address before that date.
It seems a good moment to be in our place: we can be the market leader for the first time with few or not competitors at all, but honestly we are not ready to start investing again on Paytoshi.
We are not against selling Paytoshi to interested parties, but we wont close out just because we dont need it.
