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About Paycoin(PCI)
What Is Paycoin?
In today's rapidly advancing e-commerce and online banking sectors, traditional payment methodologies often lag behind, relying heavily on the existing network of financial institutions and payment processors. The conventional payment system suffers from inherent delays, with transaction settlements sometimes taking up to 30 days. Moreover, transaction and settlement costs can account for approximately 5% of the payment. PayProtocol introduces an end-to-end payment solution that is both practical and applicable, bridging the gap between traditional and modern payment avenues. Developed on the Hyperledger Fabric private blockchain system, PayProtocol aims to simplify payment processes, reduce fees, and speed up settlement cycles. The protocol has attracted more than 3 million users and 130,000 merchants. Paycoin is the native token of PayProtocol.
Resources
Whitepaper: https://drive.google.com/file/d/1c9Dx5bld9g6j7F67HF4M2gwFeC-WexkB/view
Official Website: https://payprotocol.io/
How Does Paycoin Work?
PayProtocol operates as an end-to-end crypto payment platform, streamlining both online and offline transactions. By eliminating the middlemen and leveraging blockchain technology, PayProtocol ensures faster transaction settlements and significantly reduced fees. The protocol is designed to be crypto-agnostic, meaning it can seamlessly integrate with various cryptocurrencies, offering flexibility and wider adoption.
Merchants play a pivotal role in the PayProtocol ecosystem. Recognizing the challenges they face, PayProtocol offers a Merchant Management System that provides various promotional tools and analytics. Whether payments are made online or at physical retail stores, merchants can manage all transactions made through PayProtocol using a single, comprehensive tool. The Transaction Management Tool offered by PayProtocol allows merchants to efficiently manage and leverage transaction data, such as volume, frequency, and purchase patterns for each channel. Paycoin serves as the native utility token of the platform.
What Is PCI Token?
Paycoin (PCI) is the native utility token of PayProtocol. The total supply of PCI is capped at 3,941,000,000. The allocation is as follows:
- Huobi Korea Prime (0.35%): This portion was introduced to the market through Huobi Korea Prime.
- Payment Reserve (57.74%): Dedicated to ensuring a secure and stable settlement for network participants, this reserve also plays a critical role in funding settlement fees and maintaining the Payment Reserve as per contractual obligations.
- Partnership Reserve (15.00%): Reserved for potential future partners, fostering collaboration and network expansion.
- Ecosystem Incentive (11.71%): Allocated to incentivize merchants to promote PCI usage, with distribution varying based on several parameters.
- Marketing (1%): Funds dedicated to promoting PayProtocol and establishing it as a leading payment platform.
- Operation – Paycoin (4.20%): Funds set aside for the operation of Paycoin's business model and other operational initiatives.
- Team (5%): Recognizing the relentless efforts of the PayProtocol and Paycoin Team, as well as related parties.
- Advisors (5%): A nod to the invaluable insights and guidance provided by industry experts and advisors since the project's inception.
What Determines Paycoin's Price?
In the dynamic world of cryptocurrency and blockchain, the price of a digital asset like Paycoin (PCI) is influenced by a multitude of factors. Much like traditional financial assets, the fundamental law of supply and demand plays a pivotal role. When demand for Paycoin surges, driven by increased adoption or positive sentiment in the PayProtocol ecosystem, its price tends to rise. Conversely, if there's an oversupply or waning interest, the price might see a downward trend.
External factors also hold sway over Paycoin's valuation. News related to regulatory changes, technological advancements in the blockchain sector, or macroeconomic shifts can either bolster or dampen investor sentiment. Furthermore, as the cryptocurrency market is still relatively nascent, it's susceptible to speculative trading, where investors' perceptions and market sentiment can cause significant price fluctuations. The broader performance of major cryptocurrencies, such as Bitcoin and Ethereum, often sets the tone for other cryptocurrencies like Paycoin, as they are bellwethers that dictate the overall health and mood of the crypto market.
For those interested in investing or trading Paycoin, it's available for purchase on leading exchanges, notably Bitget. In essence, Paycoin's price is a reflection of the intricate interplay between internal dynamics within the PayProtocol platform and the broader currents of the global cryptocurrency and blockchain landscape. As the sector evolves, understanding these determinants becomes crucial for both investors and enthusiasts alike.
PCI to local currency
Crypto calculator- 1 PCI to USD$0
- 1 PCI to JPY0.0006774808
- 1 PCI to VND0.0006774808
- 1 PCI to RUB0.0006774808
- 1 PCI to EUR (Español)0.0006774808
- 1 PCI to TRY0.0006774808
- 1 PCI to EUR (Italiano)0.0006774808
- 1 PCI to EUR (Français)0.0006774808
- 1 PCI to EUR (Deutsch)0.0006774808
- 1 PCI to CNY0.0006774808
- 1 PCI to TWD0.0006774808
- 1 PCI to EUR (Português)0.0006774808
- 1 PCI to IDR0.0006774808
- 1 PCI to THB0.0006774808
- 1 PCI to PLN0.0006774808
- 1 PCI to UAH0.0006774808
- 1 PCI to UZS0.0006774808
- 1 PCI to SAR0.0006774808
- 1 PCI to PHP0.0006774808
How to buy Paycoin (PCI)
Trade PCI perpetual futures
After having successfully signed up on Bitget and purchased USDT or PCI tokens, you can start trading derivatives, including PCI futures and margin trading to increase your income.
The current price of PCI is $0.0006775, with a 24h price change of +0.16%. Traders can profit by either going long or short onPCI futures.
Join PCI copy trading by following elite traders.
Paycoin news
See moreAnnouncement on Resumption of PCI Deposit and Withdrawal Services
We are pleased to announce that PCI deposit and withdrawal services have resumed on our platform. We apologize for any inconvenience caused during the suspension period! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Co
Notice of Suspension for PCI Deposit and Withdrawal
In order to provide a better trading experience, Bitget has suspended the deposit and withdrawal functions of PCI from May 23 (UTC) until a later date. Please note that trading will not be affected during the downtime. When deposit and withdrawal of PCI can be resumed, we will notify our global use