About PayBlok:
PayBlok is a token aimed at solving small and medium size business cash-flow by offering an early payment function on top of the existing features within the InstaSupply platform, which already supporting the trade of over 2300 businesses, and is growing daily.
The InstaSupply platform Aims to improve how quickly businesses pay and get paid, InstaSupply is a cloud platform which allows businesses to track and control spend across suppliers. We bring together purchase ordering; approval workflows; budget control; delivery tracking; supplier and product management; secure invoice and credit document storage and data collection; accounting reconciliation; and payment control.
The problem of payements systems for small businesses:
Small businesses have $20T+ in outstanding receivables, take an average of 60 days to get paid, with 50% still paid late. Options for solving these challenges are expensive and limited, but InstaSupply is already involved in tracking and reducing this kind of issue.
InstaSupply solution:
The InstaSupply platform is already supporting the trade of over 2300 businesses, and is growing daily. By allowing businesses to match purchase orders to deliveries, and finally to invoices, we provide them with an opportunity to control which invoices should be paid, and which require further investigation. What's more, with our Payment Run product, businesses can group together the approved invoices, apply any outstanding supplier credit, and generate a list of payments to be made to suppliers through their traditional banking services.
PayBlock Token information:
PayBlok is a crypto-asset (token) that gives its owners/ holders exclusive benefits on the InstaSupply platform. It will be developed under the ERC20 Token Standard. As an asset, the initial sale of tokens will be subject to sales taxes according to each market. Following this, a token belongs to its owner and can be traded without restriction or the need for consent or participation from InstaSupply. The creation of the PayBlok token enables InstaSupply to offer a range of products solving the problems faced by small businesses. These products are:
• Integrated Payment Solution
• Supply Chain Financing
• Asset-Based Lending
Token sale details:
• Symbol: PBLK
• Total number of tokens: 250,000,000
• Hard cap: $15,000,000 USD
• Soft cap: $5,000,000 USD
Token allocation:
• 60% Token sale (150,000,000)
• 13% Blocked for future use (32,500,000)
• 18% Company, Team and Advisors (45,000,000)
• 5% Reserved to incentivize the economy - airdrop (12,500,000)
• 1% Affiliate | Referral Program (2,500,000)
• 3% Bounty Program (7,500,000)
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Refer to the links bellow for more information:
Website: https://payblok.instasupply.com/
Whitepaper: https://assets.ctfassets.net/5vuk877t9hxd/5WnTZdghpeAe8acWoQUkgs/81b04deb901d6b4391fb4fe7c0e87816/whitepaper-v1.1.5-020718.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3740408.0
Telegram community: https://t.me/joinchat/HZSTLA9rcKJJZKXUHlHkfA
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Written by MIFTI