PayBlok

B2B Payments within the InstaSupply Platform

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ICO Past ICO

Finished before 30 days

Time: 27.08.2018 - 23.09.2018

PROJECT DESCRIPTION

The InstaSupply platform, started in 2015, is already supporting the trade of over 2300 businesses, and is growing daily. PayBlok is a token aimed at solving small and medium size business cash flow problems by offering an early payment function on top of the existing features within the InstaSupply platform, which currently connects buyers and suppliers, matching purchase orders, deliveries, and invoices. Small businesses have $20T+ in outstanding receivables, take an average of 60 days to get paid, with 50% still paid late. Options for solving these challenges are expensive and limited, but InstaSupply is already involved in tracking and reducing this kind of issue.

The PayBlok token will first serve the purpose of incentivizing B2B payments within the InstaSupply platform. As adoption grows, token holders will be able to unlock new financing products by holding tokens, but also use the tokens to make payments.

TOKEN DETAILS

  • Token Name PayBlok
  • Platform and Token Type Ethereum
  • Price per token 1 PBLK= 0.30 USD
  • Hard cap 45,000,000 USD
  • Soft cap 10,000,000 USD

TEAM

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Lee Pruitt Co-Founder & CEO
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Tim Huegdon Co-Founder & CTO
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Marcus Raphael Head of Business Intelligence
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Neil Crosby Head of Technology
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Michael Davies Chief Technical Architect
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Martin Coxall Digital Marketing Director
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ADVISORS

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Riaz Shah Investor & Director
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Mark Evans Investor & Advisor
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