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%
Coinstore.com 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 Coinstore.com from 13 January 2022 onwards and be a part of this exciting project!
PAPP’s Official Channels
Website: https://www.redscalefund.org/index
Twitter: https://twitter.com/gelynmadz
Get PAPP on Coinstore.com: https://www.coinstore.com/#/spot/PAPPUSDT
Download the Coinstore.com app: https://www.coinstore.com
About Coinstore.com
Coinstore.com‘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, Coinstore.com 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, Coinstore.com welcomes community members and interested influencer partners to join us for collaborations.
Media Contact:
Charles Tan, Marketing Head, Coinstore.com
charles@coinstore.com
Liu Yi Yun, Branding Executive, Coinstore.com
yiyun@coinstore.com
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DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
