PAYBLOK: TOKEN INTRODUCED BY INSTA SUPPLY TO PROMOTE SMALL AND MIDIUM SCALE BUSINESSES.
Over the years, small and medium scale businesses also referred to as small and mid-scale businesses have been in operation in several countries of the world. This set of businesses are referred to those businesses that are not large, they employ between 1- 200 people. In their operations as small and medium scales businesses they are faced with numerous challenges which PAYBLOK will be used by INSTASUPPLY in solving.
CHALLENGES FACING SMALL AND MEDIUM SCALE BUSINESSES
The challenges and factors which limit the growth and progress of small and medium scale businesses are enormous, but a few will be mentioned in this article.
- CHALLENGES IN OBTAINING LOAN FACILITIES: This seem to be a general problem or issue with these sets of businesses, this is because in obtaining loan to expand the business bank will insist on collateral which they may not have to provide, there by finding it difficult to obtain loan and expand the business.
- WASTING OF TIME: Apart from the fact that it’s not always easy for small and medium scale business owners to have access to loan facility, those who eventually gain access do have issues with processes as it takes a whole lot of time, moving from one table to another for approval and can never be received when expected. Of course these in-turns affect the business negatively and do not allow it to grow at the rate it’s supposed to grow due to unnecessary delays in obtaining Loan from the bank.
- A PROLONGED CREDIT TERM: Another big factor affecting small and medium scale businesses is a prolonged term of credit during sales they make. Since it’s not easy to get loan facilities from financial institutions, then it becomes a problem when goods are sold on credit to suppliers who may owe for a long time. When this happened, the small and medium scales businesses will definitely slow down production and efficient service delivery.
- INTERFERENCE BY REGULATORY BODIES: some of the laws imposed on these businesses by regulatory bodies are hindering their growth directly or indirectly. That is the reason INSTASUPPLY is introducing a peer to peer or business to business (B2B) platform.
THE UNIQUE FEATURES OF INSTASUPPLY THAT WILL HELP SOLVE THESE PROBLEMS
It will interest you to know that INSTASUPPLY Team of experienced and seasoned professionals have created PAYBLOK, in an ecosystem to use in providing solutions to the lingering challenges faced by small and medium scale businesses. Some of the features designed to handle these challenges are:
- THE CREATION OF PAYBLOK TOKEN:
INSTASUPPLY being a long standing platform which has existed and executed business for a long time, created the PAYBLOK Token on the platform to act as a major driver in that ecosystem. INSTASUPPLY intend to use this token to provide different services and products that will take care of the challenges faced by small and medium businesses. The products designed by INSTASUPPLY include the following:
-Supply chain financing
-Assets Based lending
-Integrated payment Solution
- A COMFORTABLE ENVIRONMENT VIA THE PLATFORM: INSTASUPPLY has created a comfortable environment which is meant to allow business owners both buyers and sellers to manage and take charge of the way the collect their payments. Other benefits of the INSTASUPPLY platform to small and medium scale business owners are:
-Invoices are processed promptly without delay.
-Users of the INSTASUPPLY platform can create as well as place order to purchase goods
The unique platform of INSTASUPPLY allows buyers to control and manage their expenses without interferences by third parties, intermediaries or regulatory bodies.
. With the INSTASUPPLY platform in place, all users have the ability to access invoice and decide whether to accept or not
INSTASUPPLY PLATFORM STRATEGIES FOR GROWTH
Interestingly, INSTA SUPPLY has put unique modalities in place that will help promote its growth even greater than it is now. Some of those modalities are:
Integrations: INSTASUPPLY Team is set to bring in other products into the platform, with the aim of attracting more customers to the platform.
INBOUND MARKETING: this will have to do with social media marketing and the use of some great site for publications, standard marketing and creation of awareness concerning the uniqueness and great benefits of INSTASUPPLY platform.
- Partnerships: INSTASUPPLY as we know is not a new company, they have already created partnership with some renowned business owners and they are set to get even more unique and great partners in order to boost the platform .
THE PAYBLOK TOKEN
Token Name: Payblok
Maximum supply: 250,000,000.00
Circulating supply for the first 6 months: 69 %( 172,500,000) of the maximum supply
Token type: Utility
In order to maintain a high value of the token and increase demand, some tokens will be locked for a period of time and be released periodically.
CONCLUSION
I will like to say that the idea brought about by INSTASUPPLY in creating a token that will be used in eliminating the present challenges faced by small and medium scale business owners is a unique idea and one of its kinds. There is no doubt that the INSTASUPPLY platform will not only benefit small and medium scale businesses but will also create mass adoption of the blockchain technology and cryptocurrencies. The creation of PAYBLOK is indeed a dream come true for crypto enthusiasts and the global economy as a whole.
Website: https://payblok.instasupply.com/
White paper: https://assets.ctfassets.net/5vuk877t9hxd/5WnTZdghpeAe8acWoQUkgs/81b04deb901d6b4391fb4fe7c0e87816/whitepaper-v1.1.5-020718.pdf
Telegram: https: https://t.me/joinchat/HZSTLA9rcKJJZKXUHlHkfA
Facebook: https://www.facebook.com/instasupply
Bitcointalk: https://bitcointalk.org/index.php?topic=3740408.msg36983691#msg36983691
Authour’s Name: nesbee
Eth Address: 0xc75534DEd4fd4796aa215A96e8E89EC58DfCF78e
