Q2 2019 Report

paytomat (60)in #cryptopayments • 5 years ago

It’s always a good practice to share quarterly progress. This time we prepared a Q2 report for you. Enjoy.
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Development

Our products became the biggest priority for us, thus development always comes first. Thankfully our team was extremely productive and added an impressive set of features over the span of those months. The major focus was put on Paytomat Wallet so all of the updates relate to this product specifically.

We started with cryptocurrency exchange - the number one requested service from our audience. It is quite handy and based on our stats a lot of people are using it daily. Simultaneously we introduced a unique PTI cashback system for our users. It occurs each time you use one of the revenue generating services, such as crypto exchange and credit card withdrawals. Since PTI is an EOS-based token, the airdrop happens instantly and the user gets notified of this pleasant event on his phone.

Having rather big support from EOS community, we just couldn’t wait longer and rolled out the most anticipated release of our wallet that introduced EOS Dapps Marketplace. You can finally play, trade and bet within the same app without the need of signing your transactions each time. It enhances user experience tenfold and attracts new customers that require additional services other wallets simply can’t provide.

As part of our Voting Program, we added Tezos to both Paytomat Core and Paytomat wallet. It gave thousands of active users access to storage and transactions in XTZ. Soon after we announced the Binance Chain support. This means that BNB and BEP-2 tokens can now be used to perform payments and transactions using Paytomat Wallet without any restrictions or limitations.

And lastly v1.17 has brought us Paytomat Masternodes. We deliberately launched PTI staking first so that people can get used to it. There will be another stage that will make each node a validator for merchant’s balances. This will take a while but we’ll get there.

On top of all of this we decided to make an extra effort and implement Binance Dex functionality within Paytomat Wallet. The user experience is very similar to how EOS dexes work so I hope it will look familiar to you.

There were a few more important improvements this quarter that are worth mentioning. One of them is a Desktop Scatter Emulation that uses a different signature method and allows to add even more EOS dapps into our marketplace. The second one is transactions history for both ERC-20 and EOS tokens. It looks appealing now which is exactly the type of experience we want you to have.

Meetups, news, giveaways

April 8th - $10,000 giveaway in SONM tokens.
April 23rd – BTC-Alpha exchange airdrop with over 1,000,000 PTI giveaway. Over 2000 participants joined the contest and boosted our wallet’s downloads by 128%.
April 24th – community meetup in Lagos, Nigeria by @bolaigeaefe.
May 1st – business owners meetup in Lagos, Nigeria by @vogue20033.
May 16th – hit over 400 completed tasks at promo.paytomat.com
May 17th – PTI was added to a new instant swap service YOLO.
May 22nd – Paytomat Wallet was added to NEM website (XEM and NEM Mosaics supported wallets section).
May 23rd – AMA session with Paytomat CEO.
June 6th – Crypto Bento IWO.
June 18th – Real World Coupon IWO.

Funding, listings and partnerships

This quarter was quite successful for us in terms of funding. We conducted the very first IEO in Eastern Europe on April 1st which was both fun and challenging, considering this day’s reputation and the market’s condition. However, we were able to raise 100 BTC in less than 2 minutes which was quite an achievement for us. A few days later the tokens were listed on EXMO exchange where the IEO was conducted.

In the middle of April we also announced our EOS Block Producer candidacy. It’s a very big and important step for our company so make sure to vote for us if you haven’t yet. The higher we move up the ranks, the bigger the impact we can have on EOS community.

The next month was a challenging one for us. We established a new way of raising funds and called it Initial Wallet Offering (IWO). The first two projects who used this model are Crypto Bento and Real World Coupon. So far the results are impressive but the community seems to like the idea because of its convenience.

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