OTPPAY



OTPPAY is a unique payment platform that will pave the way to use their favorite crypto currency to make payments to vendors quickly. In fact, someone can change their primary payment option from crypto currency to OTPPAY tokens instantaneously, so as to protect them from the fluctuating crypto currency market changes.

 Any new technological advances will be considered successful if it creates a change in the general population of all ethnic groups and ages. To achieve a sustainable ecosystem, the innovative platform we build shoud balances the market vs. today's futuristic market. As an organization, we make transparent, financial, business, model, licensing, accreditation, revenue streams and audit reports. Our OTPPAY will pave the way for crypto transformation with transparent business modeling with justifiable costs.

 OTPPAY function

 OTPPAY comes with a variety of features and usability. As for the features and usefulness are as follows:

  1. Sell Buy, Otppay will be the most popular way in the world to buy and sell cryptocurrency      or digital assets supported by Artificial Intelligence and Machine Learning Engines.
  2. Send and receive, Send and receive crypto currency or crypto assets quickly.
  3. Exchange, exchange your crypto assets or crypto currency just in time from one wallet to      another quickly.
  4. OTPPAY Debit Card, OTPPAY's main purpose to replace or bridge your traditional                banking system with its OTPPAY Crypto Bank with blockchain-powered payments,                transfers, currency exchange and lending options.
  5. Analysis of crypto and negative database estimates, 24/7 fraud monitoring system with          open audit facilitation provides extra security and transparency.

Buy and Sell:
  • The Otppay project offers the best in class, user registration process where eKYC from customers will be verified directly and user can start trading instantaneously. The buy & sell feature Otppay has an auto-trading facility so that once the user assigns a predetermined value, they can sit back and relax while the Otppay app does the rest. All transaction details are recorded and available on Otppay mobile apps.
  • The OtppayProject offers a flexible crypto / fiat exchange option within the mobile wallet, where one can switched primary payment mode or exchange from crypto – crypto, crypto – fiat, fiat – crypto and fiat – fiat directly, one can enjoy the benefits of crypto in the market rises or falls below the shield mode when asset values ​​go down. Its architecture is solid and built with a combination of traditional security standards (PCI-DSS) and crypto securities. With an easy or simple user interface with fast access features, and make our Otppay Exchange stand out from all the other crypto exchanges in the market.

Switching :
  • We offer flexible crypto / fiat exchange options within our mobile wallet, where one can switch major payment modes or exchange from crypto - crypto, crypto - fiat, fiat - crypto and fiat - directly, one can enjoy the benefits of the market cryptocurrency rises or falls under shield mode when asset value falls. Our architecture is robust and built with a combination of traditional security standards (PCI-DSS) and crypto securities. With our easy or simple user interface with fast access features, we will make our OTPPAY OUTPUT stand out from all other crypto exchanges in the market.
Send & Accept :
  • Through the easy-to-use OTPPAY mobile app, one can easily transfer coins from one wallet address to another instantly. OTPPAY is working on the "SIMPLY SWAP" model with which we plan to charge a low transactional fee among the major crypto players in the market. We also offer an art pricing analysis with interactive graphics, so one can analyze the value trends before making a transfer.
  • Our chatbots will give you instant updates or instant notifications about each transaction. We offer various methods for sending and receiving payments from the phone book, scanning QR codes or just tapping on NFC. Through our currency transfer option, one can choose or make a favorite currency as a primary so that all receivables will be converted automatically into specified cryptocurrency / fiat currencies.

OTPPAY Debit Card :
  • Otppay’s main objective is to replace or bridge existing traditional banking systems using Otppay Crypto Bank with payments, transfers, currency exchange and Blockchain lending options. To achieve goals and deliver sophisticated liquidity solutions to customers by providing innovative mobile applications along with contactless debit cards that can be used around the world.
  • Our powerful AI & ML smart engine will automatically process conversion / exchange requests on time. Consider if you are traveling from the UK to the United States, and if you withdraw cash from an ATM, our assisted GPS GPS application instructs the Otppay server to change the requested value from crypto to fiat or fiat to meet the demand and provide the card. with the amount of withdrawals requested. Hence eradicate the time and money spent on Forex transactions. Otppay offers unmatched advantages of “no upper / lower limit * on transaction volume on crypto & fiat options, cash back options & loyalty points for card users.

Introduction to OTP Token
The OTP token bears the value within the OTPPAY platform and is structured on the Ethereum platform. The token is the core of the overall transaction system that can be done directly or indirectly in the OTPPAY Crypto-banking Platform and no payments can be initialized without the OTP tokens within the platform. This stimulates the use of the OTP tokens by the users in their daily life as a payment method and it can also increase the popularity among the new users about the OTPPAY tokens. This token can only be collected through the ICO phases of the OTPPAY. The company has the vision to list the tokens in different exchanges to expand their acquisition and can comply with the user expectations.
The OTP tokens can only be used within the OTPPAY platform. A minimal amount 0.5% of the value of the transaction as OTP token will be charged as a transaction fee for each transaction. This fee will be charged as GAS. All the process is being controlled through AI and ML proprietary “Value Equalization Technology” so that the 0.5% GAS charges can be verified and authentic. The entire process within the platform is completely automated, transparent and instant.
OTP Token Model
The token model of the OTPPAY is structured in such a way that it can comply with the global standard. The price value of this token is projected to be increased gradually and the value increase will be proportional to the popularity among the people all around the world. The OTPPAY’s token model can be shown in the following manner,
  • Token Name: OTPPAY TOKEN
  • Token Class: Utility Token
  • Built on: Ethereum
  • Token Standard: ERC20
  • Token Tag: OTP
  • Total Supply: 1 Billion OTP
  • Unsold Tokens: Are to be burned
  • 1ETH= 16000 OTP
  • Soft Cap Approximately: 1250 ETH
  • Hard Cap Approximately: 71250 ETH
  • 1OTP= 0.0000625 ETH
  • GAS limit: 200000
  • GAS Price: 70 Gwei
OTPPAY ICO Structure
The OTPPAY ICO has been planned to be completed within three phases. These phases are,

  1. Pre-ICO
  2. ICO Stage-1
  3. ICO Stage-2
  4. Pre-ICO
    In the Pre-ICO phase, around 3750 ETH equivalent token will be distributed in the market. As soon as the company reaches its target sells value then they will move into the next phase called ICO stage-1
  5. ICO Stage-1
    In this phase, the 37500 ETH equivalent token will be distributed in the market for sale.
  6. ICO Stage-2
    This is the last phase of the projected ICO where around 30000 ETH equivalent tokens will be distributed for sale and the unsold tokens will be burnt to maintain token influx.
    The company aims to issue 71250 ETH worth 600 Million Tokens in the market during the Pre-ICO and ICO phases and they have referral schemes where a certain amount of tokens will be allocated.
    The OTPPAY Company has projected to use 111 million tokens for reward and bonus purposes so that they can be able to achieve their goals and around 19 Million tokens will be reserved for the employees and other stakeholders of the OTPPAY platform. The overall ICO structure can be shown in the following figure,
ICO Phase Design

The ICO of the OTPPAY is designed systematically so that the total revenue generation can be calculated easily and to maintain the integrity of the ICO. The overall ICO design can be explained in the following manner,
  • Phase: Pre-ICO
  • Starts : March 5th , 2018
  • Ends: April 3rd , 2018
  • Target: 3750 ETH
  • Value1 OTP = 0.0000625 ETH
  • ETH1 ETH = 16000 OTP
  • Bonus= 20%
  • Phase: ICO Stage-1
  • ICO Stage 1 Starts: April 4th , 2018
  • ICO Stage 1 Ends: May 3rd , 2018
  • Target= 37500 ETH
  • Value1 OTP = 0.000125 ETH
  • ETH1 ETH = 8000 OTP
  • Bonus= 15%
  • Phase: ICO Stage-2
  • ICO Stage 2 Starts: May 4th ,2018
  • ICO Stage 2 Ends: June 2nd ,2018
  • Target= 30000 ETH
  • Value 1 OTP = 0.000125 ETH
  • ETH 1 ETH = 8000 OTP
  • Bonus= 10%
ICO Fund Allocation

The total amount of the funds generated from the ICO phases will be distributed accordingly for legal issues, banking licenses and approvals, Engineering services, operational expenses, marketing and promotions, partner engagement and for miscellaneous purposes. The total fund allocation will be done in the following manner,
  • 40% of the total post-ICO funds will be used for the development purposes of the Engineering section so that the service can be modified and upgraded
  • 15% of the total fund will be used for the operational costs, like, network service, management of the process etc.
  • For marketing and promotional services, 12% of the Post-ICO funds will be used so that the company reputation can be increased and the publicity of the company services can reach its expected level
  • Around 10% funds will be used for engaging the Partners who can be able to help the company to reach their expected goals
  • To acquire banking licenses and approvals a minimum amount of funds are required to be paid and so the OTPPAY has projected to use 10% of the total funds to resolve his issue
  • To manage legal issues around 10% of the total funds will be used
  • And finally some miscellaneous costs for maintaining the service quality. For this purpose, a minimal amount of 3% of the total funds will be used

Pre ICO companies will start March 5 and April 3 Pre ICO will end.
  • 1 goal to collect 3750 ETH
  • 1 token OTP = 0.0000625 ETH
  • 1 ETH = 16000
  • Bonus OO Pre ICO 20%
ICO Phase 1 will start on April 4 and May 3 will end.
  • Target 37500 ETH
  • 1 Token OTP = 0.000125 ETH
  • 1 ETH = 8000
  • ICO OTP ICO 15%
ICO The second phase will start on May 4 and end on June 2nd.
  • Target 30000 ETH
  • 1 OTP = 0.000125 ETH
  • 1 ETH = 8000 OTP
  • ICO bonus 10%
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Roadmap and OTTPAY progress
So, by analyzing the overall what can be said is the entire ICO and Token model of the OTPPAY is well-structured and well-planned. The team members have considered all the issues regarding the development of a quality ICO phase as well tokens. Their team is certainly filled with genius minds otherwise this kind of structuring a model like this might not be possible. Join the OTPPAY ICO and enjoy all the benefits they have to offer. Their ICO phases are limited to 3 stages so do not miss it if you are an enthusiast of online cryptocurrency exchange services.
More Information :
Website : https://otppay.io/
By : gilingan

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