What is Paymon and why does it deserve our attention?

In the world where blockchain technologies and crypto-currencies exist, we can notice new IT companies almost every day. Each of them tries to find a solution to the different problems of the industry, but not all of them are successful. Some stand out by concentrating on innovative use of the blockchain and others by taking into account real needs closer to users. On some points, Paymon deserves our attention.

Community and Blockchain 3.0

As of 2016, Paymon realized the imperfection of technologies for Bitcoin, Ethereum and other types of cryptocurrency. Crypto-currencies are sometimes impractical to use due to transaction delays or temporarily high fees. Thus, the Russian team decided to create his own Blockchain based on Graph Oriented acyclic (DAG: directed Acyclic Graph), with its own confirmation algorithm. The rare blockchains using this technology are sometimes considered as the 3rd generation (although some will sometimes say that technically they are not blockchains). PaymonCoin therefore joins the restricted circle of blockchains 3.0 which includes Byteball and Iota.

Later, they created a new type of cryptocurrency: the PMNC (PayMoN Coin). In early 2018, after the initial stage of their Initial Coin Offering (ICO), they gained the support of investors and the community, established contacts with key people in the cryptography industry and the financial industry.

The ICO rating sites naturally attributed significant ratings to the project. You can consult them to check (nb: some notes have changed slightly).

When the company started its ICO, she had already developed her own Paymon messenger with her wallet. The product quickly became popular because of the security of the wallet and got more than 8000 users. Today, the team is also working on other more important technologies.

Focus on some features

Hive - is the Acyclic Oriented Graph on which the new cryptocurrency will be based. With Hive, it will be possible to make transactions at no cost and without long confirmation times. In addition, there will be no need for minors, because their place will be taken by the usual users of the network.

Profit - is the platform for companies , where each owner can receive payment for his goods or services in cryptocurrency. In addition, with Hive-system, it will be possible to create intelligent contracts and to check the working capacity and the security of the services.

Usually the goals of the new Blockchain IT companies are quite similar, but Paymon is remarkable because of its development (the use of DAG , its own blockchain , the ability to create smart contracts , and the goal of putting in direct relationship between community members and sellers). Probably, Paymon is one of those who are able to solve the biggest problems of crypto-currencies and the financial world and close to talk about them like EOS, FileCoin, or NEO we did before.

The Paymon ICO is underway on the official website, and if you only have to read one document, read this "onepager", or the white paper or the technical document. You will get Paymon Token (PMNT) which will be redeemable for Paymon Coin (PMNC).

What do you think of Paymon? If you have questions or comments, answer below.