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Home Crypto News Market PAP System: A Distributed Electronic Protocol

PAP System: A Distributed Electronic Protocol

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What is PAPP?

The native token of Red Capital, PAPP is a distributed electronic protocol that eliminates the need for a third party when providing an anonymous promissory note service. Based on the latest technology (ZK-SNARK) and hybrid data structures, PAPP provides strong security against big data collectors and profilers for every transaction in the system.

PAPP Token Overview

Total Supply: 21,000,000

Transaction Tax: 0.2% Listing: 13 January 2022, 12:00 (UTC+8)

Deposit Time: 12 January 2022, 12:00 (UTC+8)

Withdrawal Time: 13 January 2022, 12:00 (UTC+8)

What is the Token Utility of PAPP?

As the native token of Red Capital promoting security and strong protection, PAPP has multiple use-cases such as:

  • Hiding promissory notes in which users are able to deposit fixed denominations of digital currency and issue anonymous promissory notes
  • Obtaining $PAPP when issuing promissory notes which can be used for profit sharing or administration

At the time of writing, one PAPP token is valued around $0.5~USDT.

A Closer Look at PAPP’s Tokenomics

  • 10% tokens are allocated to the technology team (PAP Labs)
  • 10% tokens are owned by the marketing team
  • 5% tokens distributed for marketing communications
  • 5% tokens used in operations
  • 70% tokens are mined by users

For every transaction, 0.2% tokens are distributed among PAPP holders as profit-sharing smart contracts which will be split once profits are generated. Interested users are free to check out PAPP at from 13 January 2022 onwards and be a part of this exciting project!

PAPP’s Official Channels



Get PAPP on

Download the app:

About‘s goal is to advance the crypto industry to the next level and provide access to popular digital assets to the mainstream public. Encompassing a whole new concept of “fun” in finance, also aims to equip our users with experience and techniques to buy, sell and trade on the go. Still in its up-and-coming stages, welcomes community members and interested influencer partners to join us for collaborations.

Media Contact:

Charles Tan, Marketing Head,

[email protected]

Liu Yi Yun, Branding Executive,

[email protected] Social Media:


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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

CoinStore is on a mission to disrupt the crypto industry by bringing in "fun" in finance. Based in Singapore, we are your financial arcade where people see complexity, we provide clarity. Making crypto available for everyone since 2021. Buy, sell and trade on the go!


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