Platio - Decentralized banking ecosystem for the companies with huge opportunities.

in #blockchain6 years ago (edited)

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Platio is a decentralized platform, partly performing the functions of the bank, aimed at the crypto-currency audience. The project team notes how limited are the functions of traditional banks in servicing cryptocurrency holders today. Moreover, many banks are not at all configured to support any operations using crypto. Therefore, there was a need to create just such a platform that will be able to provide its users with a wide range of services related to the use of cryptocurrency. In addition, the developers are planning to create a full-fledged decentralized crypto-currency ecosystem.

Platio is designed for users of two types: individuals and business people. Although, it is worth noting that the difference in the services provided for both one and the other is small. For business people, the toolkit will not be much wider. It is planned to launch the application for mobile devices and the web version. Now let's move on to the main components of this ecosystem.

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Exchange and brokerage services

In this ecosystem, the exchange will occupy the main position. It will not only create conditions for exchange of cryptocurrency users but will also become a basis for other ecosystem functions, which we will recall below. On this exchange, users are waiting for standard features, among which we note the exchange of cryptocurrency for Fiat and vice versa. In addition, the Platio team expects in the future to obtain all necessary brokerage licenses in order to open the opportunity to attract shares from stock exchanges to trading on this stock exchange.

Protection system

On the basis of smart contracts, attempts are made to completely protect users within this ecosystem. There are two areas of such protection. The first is to protect the user's account from all kinds of hacking. The second is the monitoring and monitoring of the price policy of an asset, which frees the user from these obligations. All conditions for such protection can be configured individually through the application.

Auto exchange

One of the most interesting features of this ecosystem. It allows you to protect the user from large losses, or create conditions for a good earning. At the heart of the function lies several contracts that are designed to protect against high market volatility. This function is similar to a stop loss order, or a profit order used on stock exchanges. In other words, this function allows you to automatically exchange cryptocurrency for Fiat, or shares (and vice versa) when you reach a price previously set by the user.

Redirect redirection

This function is very important for any user or his relatives in the event of his death. It allows you to redirect all the assets of the user in the event of inactivity for a predetermined time. There is also an option for the user to return to their account. Where are the user's assets redirected? And here the most interesting begins. There are many options, for example, automatic sending of a certain sum (or all available sums) to the accounts of users of external banks, internal purses of the ecosystem, and external crypto-currency purses. All these conditions are configured by the user in advance.

Payment cards

Platio plans to present to its users both virtual and real payment cards. Now it will not be necessary to have a separate card for each coin since the Platio card will support the use of all popular crypto-currencies, as well as Fiat. It can be replenished, and full management of it will be available through the application.

Internal transactions and payments

All internal transactions will be fast enough, and the commission will not be sky-high. Thus, the project team plans to attract more users and create comfortable conditions for their work. With the same purpose, the ecosystem will support payments and remittances using SWIFT / SEPA / Ripple payment networks, as well as payments using OCT - by way of payment of the original credit transaction. The use of these types of payments will open the possibility for users to send funds (either in a cryptocurrency or in a phat form) from bank cards to Platio's internal wallets, and vice versa.

In addition, the ecosystem provides tools for individual users and online traders that will simplify many processes for them and protect them from fraud, namely the system of invoicing and processing and smart escrow (a contract created to avoid conflict situations and resolve potential disputes ).

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The existing problems and solutions from the Platio platform

In order to work correctly with financial assets, you must register and constantly authorize in different applications, which allows scammers to seize your data. Platio offers only 1 account for all cases, you get access to a universal platform with almost unlimited possibilities.

Risks related to volatility. But the situation on the market will not allow you to become a hostage to the failure - the Platio system immediately automatically exchanges crypto-currency with a poor rating for fiat funds in order to minimize losses.

Losing a private key will not allow you to access existing transactions. Platio allows you to quickly correct the situation, confirm your identity and continue working with the currency.

The problem with transparency of payments and honesty of partners. Existing services can not guarantee the quality of transactions - but the decentralized platform Platio uses intelligent contracts that become a guarantee of a secure transaction, both parties are required to follow the terms specified in the smart contract.

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Existing banks refuse to work with cryptocurrency. You can not use tokens to pay for selected goods or services, it is also not possible to reverse the exchange for Fiat. But with the decentralized Platio platform, everything changes significantly - there are many partner enterprises that are ready to accept payments in the cryptocurrency. Otherwise, you can quickly convert tokens into fiat to make your payment.

Payments are difficult to call fast and safe. Existing systems do not allow you to count on the correct protection of data or facilities. Intellectual contracts allow Platio to guarantee the quality of transactions. In addition, blocking excludes the introduction of any fraudulent scheme.

Token details

The PGAS token (created on the Ethereum block) will be used to pay for transactions within the ecosystem. Platio revenue will be generated in PGAS tokens through commissions withdrawn from internal transactions or from user subscriptions. Transactions using PGAS will be encouraged through the creation of discounts. There is also a deflationary policy of the company, namely, burning 50% of the commission income, which should lead to an increase in the price of PGAS.

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Command

All team members are represented on the site along with links to their profiles on LinkedIn, as well as their biographies. The founder of the project is Vlad Bunin - an expert in the field of strategic management, Fintech and Blockchain. Recently, he held high positions in the companies Fame Insurance Agency and Direct Trade, whose activities were related to insurance and finance. He also acted as the founder of campaigns related to banking activities - NordCard, IP BUNIN VA. The CEO of this project is Dima Okhrimchuk, who previously worked for Aventures Capital and Depositphotos. In addition, the team would like to mention Charles Voltron, who previously participated in projects: Rhovit, Coinlancer, trade.io, DealBox. And also Dmitriy Shvets, who took part in the TruePlay project. In general, the team has a lot of experienced specialists.
Click that link for know more details about the team: https://platio.io/#tm

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Conclusions

We can already say that the Platio project is really promising and interesting. Developers are doing everything to attract investors - because of plans for global expansion of platform capabilities. The decentralized platform Platio will be incredibly useful for people who are already accustomed to working with crypto-currency. They will be able to carry out all necessary payments promptly, save their assets and exchange them. The platform will provide certain guarantees - each transaction is executed only through an intelligent contract, in order to avoid problems with unscrupulous partners and their fraudulent manipulations.

For more information about the project and the opportunities to participate, go to the links below:

Official Website: https://platio.io
WhitePaper: https://platio.io/static/docks/platio-whitepaper.pdf
Telegram: https://t.me/platioecosystem
Twitter: https://twitter.com/Platioecosystem
Facebook: https://www.facebook.com/platio.io/
Medium: https://medium.com/@platio
Reddit: https://www.reddit.com/user/Platio_io
ANN: https://bitcointalk.org/index.php?topic=4998452.0

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@vital-bd A really cool idea. The platform has created and optimized an interesting solution for users.

Very nice promising project! their team is very experienced, I am sure this project doing very well in the future.

@vital-bd I looked at their team, serious people behind their shoulders for many years in this field, I think they'll do something cool.