Paygine: Financial platform for Fintech & Crypto business
Designed to serve FinTech & crypto-business needs in areas of money remittance, cryptocurrency exchange & payment
Start of active sales
In cooperation with VISA and MasterCard, new services are developmed and introduced to market
Go-live with our first large reta
Launch of unique peer-to-peer platform
CEO of Paygine LLC (US); Сo-founder of Pay Engine Limited (UK)
Kirill Radchenko has been working as CEO of Best2Pay, one of the eading e-commerce gateways. He is responsible for the company’s main strategy and business development. Previously, Kirill worked for SEB Bank (SEB Group, Sweden) for over 6.5 years, first as head of its payment cards division, then as head of business development.
Kirill has 13+ years of experience managing IT projects, business planning, and developing bank products at an international company.
He has in-depth knowledge of the rules and regulations of VISA and MasterCard, and cards processing.
Senior Vice President of Paygine LLC (US); Сo-founder of Pay Engine Limited (UK)
Michael Luposhtyan was CEO of Pay Engine Limited, UK, until 2012. He has worked in businesses related to international payments since 2011. From 1993 to 2011, he worked in the international container ransportation field, working in customs clearance and freight orwarding through the sea-trading port of St. Petersburg. He was also a general director at a customs broker, deputy director of a branch at a teamship company, and has held other positions.
Business Development Director of Paygine LLC (US); Owner of KRUT PTE LTD (Singapore)
Maxim has 12 years of experience implementing large-scale, nation-wide inancial solutions all around the world. Projects include implementation of national retail-payments solutions under central banks’ mandates, central depository systems for central banks and stock exchanges, and multiple projects for commercial banks.
CFO of Paygine LLC (US); Co-founder of Pay Engine Limited (UK)
Raniya Luposhtyan has been a shareholder of Pay Engine Limited (Best2Pay) for the past ive years. Raniya has more than 10 years of experience in consumer banking, with ABN AMRO Bank, Bank
Renaissance Capital, and Banque Societe Generale Vostok, leading, implementing, developing, and maintaining credit initiation, customer service, and regional development. She also has ive years of experience at Sberbank, in the banking transfers and credit cards group.
Chief Technology Oicer of Best2Pay (Russia)
Alexander Petrov has been working as director of cards technologies for one of the top 10 banks in Russia. He is responsible for the development of cards, acquiring, and e-commerce-related services,
as well as for the operation of systems that those services function on. Previously, Alexander worked for Raifeisenbank for over 10 years, irst as head of processing and then as head of banking cards division. Alexander has 15-plus years of experience in cards, payments, and payment schemes.
Partner, Ross & Shulga PLLC
Gary J. Ross focuses his practice on securities law, venture capital and private equity, corporate governance, and general corporate matters. Gary represents private companies (at all stages), including those exploring blockchain/cryptocurrency opportunities, as well as angel investors and investment funds. Gary has extensive experience advising on SEC- registered and exempt capital markets transactions, including initial public offerings of common and preferred equity, debt offerings, and initial coin offerings. Gary regularly counsels registered and exempt investment advisers as to compliance issues. His experience also includes expert witness engagement in commercial litigation matters. Prior to founding Ross & Shulga PLLC’s predecessor firm Jackson Ross PLLC in 2013, Mr. Ross worked in the Capital Markets and Corporate Transactions & Securities practice groups at SidleyAustin LLP and Alston & Bird LLP, respectively. From 2009 to 2012, Mr. Ross served in the US Department of the Treasury, where he oversaw contractors and financial agents engaged bytheTreasury to provide asset management, advisory, and other services relating to the Troubled Asset Relief Program (TARP).
Partner, Ross & Shulga PLLC
Arina Shulga is a corporate and securities attorney with significant experience in start-up law, securities offerings and general business representation. She is experienced with advising small to midsize companies on formation, contract review and negotiation, private placement of securities, intellectual property matters, and internal governance issues. Before founding Ross & Shulga PLLC’s predecessor firm Shulga Law Firm PC in 2010, Arina spent seven years at Cleary Gottlieb Steen & Hamilton LLP.
Azat is a former director at Morgan Stanley Private Banking, based in New York. Priorto that he worked as a vice president at BNY Mellon’s Moscow office, where he was responsible for business development. Azat also cofounded the firm Aneta McCoyAdvisory. He has expertise in wealth management and experience in capital markets. He obtained a master’s degree in business administration from the University of Chicago Booth School of Business.
Anastasia Klimenko is an attorney practicing corporate and international law, mergers and acquisitions law, and litigation. She earned her master’s degree from Duke University School of Law and her bachelor’s degree in Civil Law from Moscow State Academy of Law. She is a member of the NewYork State Bar Association.
- Crowdsale (59%)
- Reserve (26%)
- Team (15%)
- Buying the bank (47%)
- Staff (28.4%)
- Marketing (17.4%)
- Legal expenses (registration, license, consultations) (3.3%)
- Operational expenses (1.2%)
- Acquiring (1%)
- Lease (0.8%)
- Buying software and its setting (0.6%)
- Bank cards (0.3%)
Cost of the token1 token for 1 $
Price without discounts
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Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
What is cryptocurrency?
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.
Should you invest into an ICO?
Initial coin offerings (ICOs) emerged a few years ago. Some projects have collected significant funds through ICOs yet have not fulfilled purchasers’expectations. On the other hand, there are also many positive examples. Given the significant amount of time required to implement ideas presented in ICO projects, it is still too early to make final conclusions for many ICO campaigns. What is clear is that significant risks exist in an emerging market like cryptocurrency, and purchasers should account for those risk and try to be informed about potential projects before committing.
Given the risks associated with ICO projects, it is worth asking the following questions when assessing their feasibility:
What kind of team is implementing the project? Has this team successfully implemented projects in the past? Do they haven operational business and a plan to develop it, or is there nothing more than an idea and the promise?
Does the ICO process comply with applicable laws and regulations?
Are the project advisers individuals who are well-known and care about their reputations?
Does the project roadmap define deadlines and include detailed descriptions for each step/stage? Does each project stage correlate with the amount of investment required for it, and does it give a clear picture of the project’s future, even in the case of incomplete fundraising?
Is there a detailed financial justification for the amount that project team plans to raise? Are these calculations available for download on the project’s website?
Quality support should be provided to the potential purchaser. Are there any support services available for the project throughout the pre-ICO and ICO period, as well as in subsequent phases of the project?
Is there a smart contract based on blockchain technology that protects purchasers’interests? Is it publicly available on the project’swebsite, a swell as atgithub.com?
Does the financial model of the token sale violate applicable laws and does it stipulate obvious benefits for the purchaser?
If you answered NO to at least one of these questions, perhaps you should reassess your commitment to participate in an ICO.
What is Paygine?
Paygine is an open financial platform designed to help business and its customers to use the cryptocurrency intheir everyday life as ordinary money. The platform model is based on its own banks based in the different countries, and in jurisdictions comfortable for cryptocurrency usage. The platform will be based on the existing and most advanced solutions of PayEngine LTD (registered in the UK) company that are currently used in the fintech world.
Who are our clients?
Our potential clients are fintech companies, banks and other business who provides its services to the end customers.
Who is providing legal counsel to Paygine LLC?
Ross & Shulga PLLC is providing legal counsel to Paygine with regards to the structuring of its ICO, regulatory compliance and related paperwork. Ross & Shulga is a corporate and securities law firm that provides advice related to investment funds, securities offerings, general counsel services, cryptocurrency and crowdfunding.
Does Paygine have prior experience with financial services?
Certainly. The founding team at Paygine is the same team who built Pay Engine Limited. Pay Engine Limited is an international payment processing company founded in 2012 in the UK by experts from the banking sector, with experience successfully implementing projectsat American Express, SEB, BankSt-Petersburg, Sberbank, Renaissance Credit, ABN-AMRO and RBS. Pay Engine Limited used its expertise to create theBest2Paybrand and the Best2Transfer bank loan repayment platform. Today, Best2Pay is used by businesses in fintech, e-commerce, and beyond to provide their services to more than 1.5 million individuals every month, and the number of end-customers who use our platforms is increasing by 34% every month.
What is Paygine’s business plan?
Paygine is developing an open financial platform based on the Best2Pay payment gateway solutions (the “Platform”).
Our goal is to build an open financial platform to serve fintech businesses around the world, providing services based on white label principles. All services on the Paygine platform will be provided to clients through a single Application Programming Interface. We will not provide services directly to individuals.
Instead, we will work with fintech companies, internet shops and services, as well as aggregator sites, and they in turn will provide services to their customers—individuals and businesses — there by creating a completely new ecosystem around the Platform. Paygine does not aim to develop an electronic wallet, a crypto-wallet, bank cards, transfers, and so on under its own brand.These products would be built by our customers under their own brands, and private individuals and businesses will be able to choose services from among Paygine’s clients.
When does the Pre-ICO finish?
Pre-ICO finishes on February 28, 2018. Early termination is possible upon reaching the hard cap of 3,000,000 USD.
How can you use PGC tokens?
A PGC token is the key to the use of the Paygine Platform. Once we have a functional ecosystem, PGC tokens will have various uses and applications in connection with the Platform. For example, PGC tokens can be used to pay the Platform for its services, pay for goods and services provided by the Platform’s clients, and as an internal currency on the Platform.
Under which laws will the sale of tokens be conducted?
Tokens are being offeredto non-U.S. persons through Regulation S under the U.S. Securities Act of 1933 (as amended). Foreign investors may invest as long as they do not meet the definition of U.S. person underRule 902(k) of Regulation S of the U.S.Securities Act of 1933 (as amended):
“U.S. person” means:
(i) Any natural person resident in the United States;
(ii) Any partnership or corporation organized or incorporated under the laws of the United States;
(iii) Any estate of which any executor or administrator is a U.S. person;
(iv) Any trust of which any trustee is a U.S. person;
(v) Any agency or branch of a foreign entity located in the United States;
(vi) Any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person;
(vii) Any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and
(viii) Any partnership or corporation if:
(A) Organized or incorporated under the laws of any foreign jurisdiction; and
(B) Formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in § 230.501(a)) who are not natural persons, estates or trusts.
Can I invest in the PGC Token Pre-Sale?
Yes. Our pubic Pre-Sale is scheduled to launch on December 26, 2017, and will be limited $3 million. Please see our Terms and Conditions for important disclosures about who can invest.
Is there a minimum investment amount?
Yes. The minimum investment amount is $100.
Are there any other investors/regions that are restricted from investing?
Yes. Currently, a few countries have restrictions that prevent their citizens from investing in ICOs. Those countries include, but are not necessarily limited to, China and South Korea. Further, those who are deemed to be “Prohibited Investors” as defined in the Terms and Conditions may not participate in this Pre-Sale. If you have specific questions about your ability to invest, please contact legal counsel in your country for advice regarding investing in ICOs. Additional information can be found in our Terms and Conditions regarding investor requirements and eligibility.
How does pricing work in the Pre-Sale?
Public Pre-Sale investors will be able to purchase PGC Tokens at $1.00.
Is there a hard cap?
Yes. Only 3,000,000 PGC Tokens will be made available in the Pre-ICO.
What is the bonus program?
All investors in this PGC Token Pre-Sale will receive 40% more PGC Tokens than at Paygine’s subsequent sale once the Platform has full functionality.
Is there an individual contribution cap during the PGC Token Pre-Sale?
Where is the issuer of the ICO based?
Paygine LLC is a Delaware limited liability company. Its office is located in New York City.
Is there a lock-up for the founders?
Is there a restriction on the use of PGC Tokens once purchased?
Yes. Purchasers will not be able to use PGC Tokens on the Paygine Platform until its successful completion. After the completion of the Platform PGC Tokens may be transferred only in compliance with the Terms and Conditions and applicable laws and regulations.
What is KYC/AML?
KYC (“Know Your Customer”) and AML (“Anti Money Laundering”) are procedures designed to protect financial institution services from being used for purposes of money laundering and financing of criminal activities. Every potential Paygine investor is required to apply for such verification prior to investment regardless of their location and status.
How long does verification take?
Account verification can take up to 72 hours, though it is usually much faster. You can see the status of your verification status here.
Please contact Paygine’s Team [email protected] with any verification specific inquiries.
I have invested in Cryptocurrency before and was not required to provide any documentation, why do I need provide it now?
Paygine is a U.S. company that is offering PGC tokens for purchase to U.S. purchasers. Such offering must comply with the existing U.S. securities laws. Investor documentation is required to ensure such compliance. The Paygine team is highly appreciative of efforts by PGC token purchasers to comply with applicable law.
Can I buy PGC tokens with U.S. dollars or Euros?
During the pre-ICO period you can buy PGC tokens for ETH, BTC and USD.
When will I get my PGC tokens?
If you pay in ETH you will get PCG token immediately. If you pay in BTC or USD - not later than 48 hours.