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What Is PumaPay (PMA)?
What is PumaPay?
PumaPay is the first DeFi payment protocol to facilitate subscription payments and other advanced billing models. It democratizes payments by providing a solution that is permissionless, frictionless, free and open for all.
With the introduction of its pioneered technology, the PullPayment Protocol, PumaPay was the first project to inverse the direction of crypto value transfers to enable a pull rather than push mechanism. This technology allows merchants to accept payments by pulling funds from customers wallets according to predefined terms.
PumaPay currently facilitates fast, cost-efficient crypto payments for high-risk industry giants in Adult Entertainment, Gaming & more. It is available for free and offers a set of tools that enable smooth value transfers between merchants and individuals. This includes a business console, native mobile app, and fiat settlement layer.
All transactions on the protocol are executed with its native token, PMA. An ERC20 token, it is the powerhouse behind PumaPay.
Who are the Founders of PumaPay?
The firm behind PumaPay is known as Decentralized Vision. The company currently has over 20 employees, many of whom have overlapping roles at PumaPay.
PumaPay was co-founded by Yoav Dror, who still operates as the CEO of the platform to this day. Dror has an extensive history of holding executive roles at prominent firms and has more than 20 years of experience heading online high-transaction companies. The other co-founders are not public facing.
Besides Dror, the PumaPay executive team also includes Giorgos Kourtellos – PumaPay's CTO. With a background in engineering and extensive professional experience in blockchain development at the IBM Client Innovation Center, Giorgos plays a significant role in the direction and development of the platform.
What Makes PumaPay Unique?
PumaPays main feature is its PullPayment Protocol.
The PullPayment Protocol is composed of a unique architecture of smart contracts. A pioneered technology, the protocol facilitates the entire solution and controls the logic of transactions within the platform. This is powered by its native token, PMA, as it is the sole means of value transfer within the protocol.
This technology is unique in that it enables new, previously unheard of, crypto billing methodologies on the blockchain by inversing the mechanics of crypto transactions to allow merchants to pull payments from customers according to predefined terms.
PumaPay currently utilizes their technology to enable advanced billing models such as:
- Subscriptions
- Auto top-ups
- Pay-per-time
- Pay-per-use
- Direct Debit and more.
How Many PumaPay (PMA) Coins Are There in Circulation?
As per the PumaPay whitepaper, the total supply of PumaPay tokens is allocated as follows: 35% to Decentralized Vision Ltd to be used for the development of the protocol and future strategy; 20% to public contributors; 20% to launch partners and early adopters; 15% to advisors, professional fees and bonuses; and 10% to the founders and team.
How Is the PumaPay (PMA) Network Secured?
PumaPay was built on top of the Ethereum blockchain. As a result, it is secured by the combined efforts of thousands of Ethereum miners and nodes, which act to enforce its proof-of-work (PoW) consensus algorithm to resist attacks, including 51% and distributed denial of service (DDoS) attacks.
Additionally, the token smart contract has been audited by third-party providers who confirmed that the project meets all required standards — to date, no major vulnerabilities have ever been found in the PMA token contract.
Though PumaPay currently operates on Ethereum, it has the capacity to migrate to a different network if needed, such as if a superior alternative arises that better fits its needs.
Where Can You Buy PumaPay (PMA)?
PumaPay is available to purchase and trade on several top-tier exchanges including OKEx, Bittrex, and HitBTC. Traders will be able to find PMA paired against Tether (USDT), Bitcoin (BTC), and Ethereum (ETH) on several exchanges, whereas PMA can also be traded against U.S. dollars (USD) on HitBTC.
Dont have any assets to trade against PMA? Learn how to buy cryptocurrencies directly with your credit and debit card here.
Answers
What is PumaPay (PMA)?
What is PumaPay?
PumaPay is the first DeFi payment protocol to facilitate subscription payments and other advanced billing models. It democratizes payments by providing a solution that is permissionless, frictionless, free and open for all.
With the introduction of its pioneered technology, the PullPayment Protocol, PumaPay was the first project to inverse the direction of crypto value transfers to enable a pull rather than push mechanism. This technology allows merchants to accept payments by pulling funds from customers' wallets according to predefined terms.
PumaPay currently facilitates fast, cost-efficient crypto payments for high-risk industry giants in Adult Entertainment, Gaming & more. It is available for free and offers a set of tools that enable smooth value transfers between merchants and individuals. This includes a business console, native mobile app, and fiat settlement layer.
All transactions on the protocol are executed with its native token, PMA. An ERC20 token, it is the powerhouse behind PumaPay.
Who are the Founders of PumaPay?
The firm behind PumaPay is known as Decentralized Vision. The company currently has over 20 employees, many of whom have overlapping roles at PumaPay.
PumaPay was co-founded by Yoav Dror, who still operates as the CEO of the platform to this day. Dror has an extensive history of holding executive roles at prominent firms and has more than 20 years of experience heading online high-transaction companies. The other co-founders are not public facing.
Besides Dror, the PumaPay executive team also includes Giorgos Kourtellos – PumaPay's CTO. With a background in engineering and extensive professional experience in blockchain development at the IBM Client Innovation Center, Giorgos plays a significant role in the direction and development of the platform.
What Makes PumaPay Unique?
How Many PumaPay (PMA) Coins Are There in Circulation?
As per the PumaPay whitepaper, the total supply of PumaPay tokens is allocated as follows: 35% to Decentralized Vision Ltd to be used for the development of the protocol and future strategy; 20% to public contributors; 20% to launch partners and early adopters; 15% to advisors, professional fees and bonuses; and 10% to the founders and team.
How Is the PumaPay (PMA) Network Secured?
PumaPay was built on top of the Ethereum blockchain. As a result, it is secured by the combined efforts of thousands of Ethereum miners and nodes, which act to enforce its proof-of-work (PoW) consensus algorithm to resist attacks, including 51% and distributed denial of service (DDoS) attacks.
Additionally, the token smart contract has been audited by third-party providers who confirmed that the project meets all required standards — to date, no major vulnerabilities have ever been found in the PMA token contract.
Though PumaPay currently operates on Ethereum, it has the capacity to migrate to a different network if needed.
Where Can You Buy PumaPay (PMA)?
PumaPay is available to purchase directly within the PumaPay wallet mobile app as well as on several top-tier exchanges including OKEx, HitBTC, Bittrex, and Bitsdaq. Traders will be able to find PMA paired against Tether (USDT), Bitcoin (BTC) and Ethereum (ETH) on several exchanges, whereas PMA can also be traded against U.S. dollars (USD) on HitBTC.Its important to note that transactions on PumaPays protocol are free besides the Ethereum gas fees. Thanks to the use of blockchain, every transaction is immutable, and chargebacks are impossible, giving merchants peace of mind when accepting crypto payments. Decentralization also plays a big part in the platforms ambitions. Since customers can directly interact with businesses without the need for another third-party or middleman, this can help keep costs down by removing unnecessary platform fees and payment processor charges. The project was created in 2017 and held an initial coin offering (ICO) in May 2018, raising ~117 million by selling a total of 78 billion PMA tokens. The PMA token itself is used to provide quick and cheap transactions via PumaPays PullPayment protocol, enabling subscription-based payments, micro-transactions and shared payments to maximize flexibility for customers and retailers.
Who Are the Founders of PumaPay (PMA)?
PumaPay was co-founded by Yoav Dror, who still operates as the CEO of the platform to this day. Dror has an extensive history of holding executive roles at prominent firms and has more than 20 years of experience heading up online high-transaction companies. The other co-founders are not public-facing.
Besides Dror, the PumaPay executive team also includes Aristos Christofides — PumaPays CTO — who has a masters in electronic engineering and more than 15 years of experience in commercial application development. Giorgos Kourtellos is PumaPays chief blockchain architect and previously worked at IBM Client Innovation Center as a full-stack blockchain developer for four years.
The firm behind PumaPay is known as Decentralized Vision. The company currently has over 20 employees, many of whom have overlapping roles at PumaPay.
What Makes PumaPay (PMA) Unique?
How Many PumaPay (PMA) Coins Are There in Circulation?
How is the PumaPay (PMA) Network Secured?
Where Can You Buy PumaPay (PMA)?
PumaPay is available to purchase and trade on several top-tier exchanges including OKEx, Bittrex and HitBTC. Traders will be able to find PMA paired against Tether (USDT), Bitcoin (BTC) and Ethereum (ETH) on several exchanges, whereas PMA can also be traded against U.S. dollars (USD) on HitBTC.
Don't have any assets to trade against PMA? Learn how to buy cryptocurrencies directly with your credit and debit card here.
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