Primpy is a decentralised fashion platform for a new economy that changes the relationship between consumers service providers, and retailers.
Primpy offers the biggest fashion ecosystem in the world, which empowers shoppers and gives even the smallest sellers the spotlight they crave.
Primpy wants to offer a unique, fair and transparent way to do business online. Using blockchain, Primpy eliminates bank processing times and gives an option to use community-driven escrow dispute solving system. It is also a way, to reward STO investors by paying them dividends based on in-platform transactions.
STO (Security Token Offering) is a fundraising mechanism in which projects sell their underlying crypto tokens in exchange for bitcoin or ether. It features a new business model that mitigates risks for investors. Further, the Primpy security tokens (PPY) are essentially financial securities and therefore, they are backed by tangible in-platform fees that occur during transactions.
After the purchase, you will receive your PPY tokens immediately and you will be able to see their balance in your on-platform wallet.
In order to unlock your tokens, you will have to first pass the AML and/or KYC check. After the successful approval, your tokens will be unlocked.
Know Your Customer (KYC) procedures are a critical function to assess and monitor customer risk and a legal requirement to comply with Anti-Money Laundering (AML) Laws.
Anti-money laundering (AML) check is a set of procedures, laws and regulations designed to stop the practice of generating income through illegal actions.
User privacy and security are extremely important to Primpy. For this reason, Primpy will be implementing multi-layer security, preventing internet-related fraud and identity theft. The solution will be compliant to PCI Security Standards with additional multi-signature cryptographic security layers.
Primpy token will be listed on external exchanges and available to the public to buy and sell after the successful completion of the STO.
Yes, once the Primpy token is listed on an exchange.
You will be able to see your balance through the Primpy platform as soon as you invest in PPY tokens.
PPY tokens are based on ERC-20 protocol, that’s why the speed of transactions is correlated with the speed of the Ethereum blockchain. For inside the platform transactions, Primpy will use a private blockchain, and thus transactions will be instantaneous.
We will be accepting Bitcoin, Ether, and all of the bigger world currencies. Investors will be able to purchase PPY tokens with the credit card or through crypto gateways.
Primpy has employed a dedicated community management team that will offer support even after the STO.
PPY token holders will be paid dividends first two years on a yearly basis, after of a monthly basis. Dividends will be paid from the % of fees that Primpy platform takes for each transaction. The ammount of dividends someone will receive will be based on the % of all PPY tokens the individual has.
Check the white paper for minimum purchase volume for each sale phase.
MVP is an acronym for Minimal Viable Product. Primpy has released the 1.0 version of MVP in December 2018 and you can try it on www.primpy.com.