CryptoPay is issuing tokens to scale up its business to the next level

Not all ICOs are coming from garage ideas and bluesky research, some are backed by a well sound revenue model and sit on the shoulders of an existing companies with a real business already running.

That’s exactly the case of CryptoPay, a company with winning products in the crypto market and counting 450k registered users and 90k+ Bitcoin backed cards issued for free worldwide and accepted anywhere a Visa card is accepted.

That’s right, CryptoPay, the alive and established company is doing an ICO to further grow its business and serve its users better.

What will be financed

The number of ICOs these days is uncanny and we all need some solid ground to take decisions. Building a giant on clay is nonsense, building on rock is better.

A company already established won’t take the money and run, the team already proved to be skilled in the fintech market combining their competence in technology and compliance. Here follows a list of foreseen achievements:

at $15m Bitcoin stock brokerage,

at $35m a full Bitcoin bank account bearing your name and full IBAN coordinates,

at $55m a full stack blockchain fundraising platform and financial services marketplace in a single Cryptopay account.

The latter is a really appealing asset nowadays. The platform will provide handcrafted ICO underwriting and book running, fixed income instruments and more.

Why investing

CPAY is the token issued by CryptoPay’s ICO.

These tokens will give investors the right to receive monthly referral commissions out of CPAY aggregate revenue from existing and newly developed products. It is a pretty simple proposition for the prospect investor. But this is not all.

Apart from the rewards, the team in CryptoPay is developing new concepts about how to embed the tokens in the “fabric” of their future products to become fully utility tokens and boosting their value. Not much information about that is at the moment included in the whitepaper, it seems because they don't want to give groundless promises.

For the cryptocoiners interested in the sale beware CPAY is a ERC20 token with a max supply of around 68M CPAY. One can buy 1000 CPAY with 1 ether, however, if you don’t want to bother with Ethereum wallets, you can pay in bitcoins, Litecoins and rRpple as well. Buy early is encouraged and even if the stage with 25% token bonus is unfortunately over, until the 17th of October you can still get a 2.5% bonus. After the 17^th, you can still buy with no bonuses until the end of October.

Different from many other ICOs, where money is sent to a blockchain address by anonymous investors after a screen, CryptoPay requires some level of verification. Some ID documents and proof of address.