Payblok the fastest way of making payments.
Looking back into the past when technology had not started its peaking trend, the monitoring of processes involved with payment for various goods and services were not exactly possible as there were and are quite a number of processes involved during the payment for goods and services.
The processes involved with the payment for goods and services sometimes take weeks and even months before completion and this inherently means late payments; generally late payments are sometimes inevitable and big businesses might be able to cope with it but small and medium-sized businesses might not be equipped to handle repeated occurrences of late payments.
The Payment Process
These late payments are really big issues for small and medium-sized businesses because companies sometimes take loans to help with the running of their businesses from financial institutions like banks and banks are generally more confident with granting loans to big businesses unlike small and medium-sized businesses; it is because of this reason that big businesses can still stand their ground when they receive late payments for goods and services unlike small and medium-sized businesses that rely solely on internally generated revenue.
The need for a solution can not be over-emphasised; research has been made concerning the issue of overdue payments mostly with small and medium-sized businesses and the numbers are not encouraging at all; research shows that a percentage as high as 48% was recorded for overdue payments in America and even percentages all over the world are not so far from that of America.
A solution to this can be described in one word "Payblok".
When a service is rendered or goods are sold, to start the payment process invoices are generated by the seller and sent to the buyer for payment; upon reaching the buyer, the invoice is reviewed and then accepted or rejected as the case may be. When an invoice is accepted, the data involved is transferred to the financial departments for final payments but manual input is always prone to human error and manipulation. An technological solution is no doubt needed to address these issues; technology reduced human input by up to 90% resulting in payments being made well before the due date.
Payblok is a new cryptocurrency that is created under the ERC-20 standard and it brings about the technological solution for the problems faced by small and medium-sized businesses; an integrated payment solution that ensures swift and early payments, supply chain financing, asset-based lending.
Payblok total supply is 250,000,000 tokens and will be fixed at this number. Payblok symbol is PBLk.
Payblok Token Distribution.
60% would be allocated to the tokensale which is equivalent to 150,000,000 tokens.
18% goes to the team and advisors which equates 45,000,000.
5% would be used for incentives and rewards equating 12,500,000 tokens.
1% allocated to referral bonuses which is equivalent to 2,500,000 tokens.
1% is allocated for bounty purposes, equating 2,500,000 tokens.
15% would be used for future purposes which is a total of 37,500,000 tokens.
Curculating supply would be 167,500,000 tokens.
Important Links :
Website: https://payblok.instasupply.com/
Bitcointalk: https://bitcointalk.org/index.php?topic=3740408.msg36983691#msg36983691
Reddit: https://www.reddit.com/r/ico/comments/8jccem/payblok_is_a_cryptoasset_that_incentivizes_b2b/
Youtube: https://www.youtube.com/channel/UCoYhK-h2xW8oBy3KlxwK0bQ
Facebook: https://www.facebook.com/instasupply
LinkedIn: https://www.linkedin.com/company/instasupply/
Medium: https://medium.com/instasupply-blog
Telegram: https://t.me/joinchat/HZSTLA9rcKJJZKXUHlHkfA
Twitter: https://twitter.com/instasupply
Bountyox username : Kayj
