We recently posted the Press Release: PayperEx to Launch Token Sale for Innovating the Alternative Shares Market about the new project introduced by PayperEx aimed at bringing the cryptocurrency trading market to the masses. We caught up with the Co-Founder and CEO of PayperEx Menahem Maya to learn more about the project.
Urban Crypto: What is PayperEx greatest strength?
Menahem Maya:
The Team – there are many Ideas out there and some of them are amazing but to take the Idea and make it into an actual business you need to have the experience and the knowledge of how to do it. PayperEx’s founders have done it in the past. We have built trading platforms and we have the technology, marketing, and legal experience.
Urban Crypto: What makes PayperEx’s product unique?
Menahem Maya:
We are building a network that will allow users from all around the world to buy Paypers – our share based units on instruments such as Bitcoin. Today everyone knows what Bitcoin is and may be inetrested in owning Bitcoin., Some regret that they didn’t buy Bitcoin when the price was lower. PayperEx’s price during the ICO will be low (around $ 7 value) as we wanted to make it affordable to everyone to let as many people as possible enjoy the benefits of this market. Users can profit from the movements of the value of the assets both up and down through the PayPerEx platform. also from downtrend of the Bitcoin and If user decided to hold the Paypers he can receive fee-share back from the network.
Users can profit from the movements of the value of the assets both up and down through the PayPerEx platform. also from downtrend of the Bitcoin. Users that hold on to their Paypers can also receive fee-share back from the network.
Urban Crypto: Why are you doing this ICO and not raising funds from investment firms?
Menahem Maya:
When we started this project, we had a few VC’s that showed interest in our project. After researching our choices, we realized that in order to build a strong decentralized network and to bring as many users as possible the best way was to Launch an ICO to expose the network and l a variety of people benefit from the project that only VC’s and investments firms enjoyed till now.
Urban Crypto: What makes the PayperEx ICO attractive to the investors?
Menahem Maya:
Our vision is to build a massive network and to reach as many users as possible who can trade in the network. The PAX token will be the only token available for use on the PayperEx network. All activity in the network such as buying Paypers is done with PAX which will likely that will increase the demand for PAX. Investing in our ICO is like investing in an exchange that issues the currency and issues the shares.
Another advantage is the affordable pricing of PAX, during the crowdsale which is 0.00002 Bitcoin or around 8 cents.
Urban Crypto: With all the ICO’s out there what is your advice for the investors?
Menahem Maya:
To do their own research and not to fall prey to the promises of making fast money. Diversify and invest in various projects that make sense to you where you understand the potential profit. and most importantly invest only what you can afford.
Urban Crypto: When can we expect to see the Network?
Menahem Maya:
We already built The PAX Private Wallet that allows users to purchase PAX token. Trading PAX will be available our platform when the ICO finishes, and our development team is already working on some of our main features such as the matching engine. Our target is to launch the network in Q2 2018