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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,

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