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
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