PrepayWay (PreICO)

   
Other
End date:
29/11/2019, 02:59 AM
Time left:
71 d. 00:56:30
Brief information
Get money
5 000 000 EUR
Symbol
InBIT
Price
1 InBit = 0.01 EUR
Volume
650 000 000 InBits
Start date
18 Jun 2019
Blockchain
Ethereum
  • information
  • Video
  • roadmap
  • team
  • partners

Advisors

  • Prof. Vazgen Melikyan
    Corresponding Member of RA NAS and Doctor of Science, Professor
    Prof. Melikyan's unique experience and drive for excellence guides us in the design and implementation of software and hardware solutions for PrepayWay.
  • Dr. Artashes Karapetyan
    PhD, Assistant Professor of Finance, BI Norwegian Business School
    With intimate knowledge of the interplay between information and pricing in financial and real estate markets, Artashes guides us on research in various topics in real estate transactions.

Partners

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Team: 22

  • Prof. Dr. Frank Emmert
    Co-founder
    Prof. Dr. Frank Emmert is a tenured professor of law and Director of the Center for International & Comparative Law at Indiana University School of Law in Indianapolis. He is also a Member of the Advisory Board, Qatar University School of Law, Doha. In 2011, he co-founded the Council on International Law and Politics (CILP), Chicago, USA, where he currently serves as Director of Programming.
  • Dr. Mihnea Constantinescu
    CPO & Co-founder
    Mihnea has a PhD in Finance and over 10 years of experience in finance and risk management. He further brings academic, research management and industry experience in real estate finance and macroeconomics.
  • Nikolai Kalinin
    CEO & Сo-founder
    A BTA certified blockchain developer with extensive experience in IT management and business development, Nikolai draws on his prior corporate and entrepreneurial background to lead PrepayWay AG.
  • Eduard Langebraun
    CFO & Co-founder
    Eduard is the CEO of WestHill Property. His expertise spans the entire life cycle of a property, from the construction stage, via international acquisition, to property management.
  • Oliver Nedela
    COO & Co-founder
    As a founder of CO-Handelszentrum GmbH, Switzerland, Oliver has been providing integrated, innovative business solutions for over 14 years to a diverse range of clients.
  • Dr. Vahe Sahakyan
    Co-founder – investor
    Vahe holds a PhD in Finance from Swiss Finance Institute and has over 18 years of experience in finance and asset management.
  • Antonio Gurei
    Community Manager & Co-founder
    Antonio is our community manager. Working closely with our marketing unit, he is in charge of disseminating timely and transparent updates on the development of the project.
  • Artemiy Haimi
    Marketing Manager
    Artemiy is an international marketing strategist at PrepayWay and holds a degree in International Business from the University of Helsinki.
  • Mosun Oke
    Legal Development
    Experienced corporate and commercial lawyer with degrees from Nigeria, United Kingdom and the United States.
  • Sergei Gerasimov
    Software Development
    Sergei is a full-stack developer who blends experience in traditional banking IT products with blockchain powered solutions.
  • Vadim Vohmjanin
    Software Development
    A BTA certified blockchain developer and a consultant for the largest and one of the most innovative real estate portals in the Baltics (City24), Vadim translates his understanding of property market into user-friendly services.
  • Yiyang Yang
    Marketing Lead | Asia
    Using human-centered and data-driven approach, Yiyang is developing and executing marketing plans with a focus on expansion in Asia, establishing relationships in the industry, and identifying opportunities for business growth.
  • Torgom Varzhapetyan
    Business Development
    Torgom is an influential senior business leader charged with initiating and evaluating sales opportunities, expanding PrepayWay's business, and accelerating growth.
  • Evgeny Varlamov
    Software Development
    Evgeny is a full-stack web developer with many years of experience in developing social media applications, web applications for e-commerce, finance and corporate websites.
  • Vladislav Davarashvili
    Software Development
    Vladislav is an experienced full-stack developer who provides consulting services in UX/UI and in the sphere of design and development.
  • Aleksander Kalinin
    Social Media Manager & Co-founder
    Aleksander maintains social media presence for PrepayWay and manages social media campaigns to increase exposure and brand awareness and to expand the community.
  • Hyo Jeong Chang
    Digital Marketing | Asia
    Hyo Jeong's background in creative writing is exactly what helps her contribute new ideas or view issues from a different angle. She is charged with promoting PrepayWay in the Korean market by combining creativity with experience in IT customer service.
  • Anna Nishcheret
    Content Writer & Coordinator
    Balancing creativity with organized professionalism, Anna is creating written content for PrepayWay website, and marketing and social media content.
  • Sara Ismail
    Business Development MENA Region
    Sara is a lawyer with degrees from Lebanon and the U.S.
  • Ana Lucia Cavalcante
    Business Development LatAm Region
    Experienced logistics and business development professional from Sao Paulo, Brazil.
  • Armen Aghabekyan
    Business Development South Asia
    Possessing an extensive network of contacts and comprehensive experience, Armen represents and promotes PrepayWay in South Asia.
  • Dr. Natalia Zavalishina
    Business Development Russia
    Productive and successful leader in Russian real estate market, Natalia is actively building partnerships throughout the industry.
  • 1
    01.17
    - Seed investments round successfully closed. - PrepayWay сore team. - PrepayWay AG (HQ in Switzerland) founded. - PrepayWay Systems Switzerland AG founded – escrow service provider. - PrepayWay Systems Estonia OÜ founded. - PrepayWay Systems Estonia OÜ owns and develops 3 flagship products: Elleeo, PrepayWay Real Estate, PrepayWay Global Trade - PrepayWay® trademark application and registration. - SmartArb® trademark application and registration. - InBit® (token) trademark application and registration.
  • 2
    01.18
    - PrepayWay Ecosystem business logic. - PrepayWay Real Estate business logic. - Elleeo business logic. - SmartArb business logic. - Elleeo prototype. Elleeo project has already reached the functional demo stage. You can view it at elleeo.com. - SmartArb model clauses published. SmartArb is an alternative dispute resolution (ADR) service, a new, efficient way to settle disputes. Our model clauses can be incorporated in (international) commercial contracts at the time of contract creation, anticipating the possibility of disagreements that might arise in the future. You can view them at smartarb.org. - Elleeo fully functional demo. Elleeo is a platform where lenders and borrowers from different countries meet and transact to make great things happen. In this demo, you will be using accounts of investor and borrower to see different sides of the transactions concluded on the Elleeo platform. Read more about Elleeo or check a live demo. - PrepayWay Real Estate contract creation and negotiation process proto closed testing. The testing was conducted among a group of real estate agencies using a prototype that is currently available online. The goal was to evaluate the usability and to get feedback from the real estate professionals regarding the core process of reservation agreement creation.
  • 3
    01.19
    - Fundraising stage 1. PrepayWay is to hold a round of investment through equity crowdfunding where investors will have an opportunity to buy equity in PrepayWay Systems Estonia OÜ. For more information please see our crowdfunding page. - SRO membership application. Financial intermediaries in Switzerland have two options: to be supervised by FINMA directly or to become a member of SRO. To achieve full compliance with regulations, PrepayWay Systems Switzerland AG is planning to file an SRO membership application. Find out more about the Swiss regulations at finma.ch. - PrepayWay Real Estate visual prototype. A prototype* of the core processes of the PrepayWay Real Estate tool will be made available. The mockup will present the design of the main screens. You will be able to view the prototype online and go through the process of creating a contract. *A prototype is an early model of a product built to test a concept or process or to act as a thing to be replicated or learned from. - Real estate agreement creation process demo version. Demo version of the main process – the creation of a reservation agreement. Real estate professionals can try out the stages of reservation agreement creation, from initiation to payment. The demo will be available online. - SmartArb Rules published. The SmartArb Rules are based on the 2010 UNCITRAL Arbitration Rules with the inclusion of optional additional clauses to provide parties with more choice to tailor them to their own needs. Significantly, the Rules allow SmartArb to decide challenges to arbitrators and introduce provisions to aid emergency relief and enhance efficiency.
  • 4
    06.19
    - PrepayWay Global Trade prototype. PrepayWay Global Trade is an integrated blockchain solution for fast, secure, and convenient international business contracting, from creation to execution. A prototype of the core processes of the PrepayWay Global Trade tool will be made available. The mockup will present the design of the main screens. Once it is uploaded, you will be able to view the prototype online and go through the process of creating a contract). Leveraging self-executing smart contracts and decentralized storage of transaction data, it replaces the traditional paper- and trust-based system with a fully digital alternative. PrepayWay Global Trade automates contracting and payment processes, reduces transaction costs, and increases transparency, traceability, and efficiency of cross-border transactions in a wide range of industries. - SmartArb as a fully functional mediation and arbitration institute. SmartArb was created to provide alternative dispute resolution (ADR) services. To provide the highest quality of ADR services at reasonable cost, SmartArb is working closely with neutrals and advisors certified by the Chartered Institute of Arbitrators, JAMS, and other well-established ADR institutions. SmartArb has its own model clauses for commercial contracts, and its own set of rules that parties can reference in their business agreements (ex ante) and in arbitration agreements (expost). SmartArb provides ADR services to a wide variety of industries and for many types of commercial dealings. The roster of neutrals suggested by SmartArb also includes experts with knowledge of many legal systems and proficiency in all major languages. SmartArb is developing special expertise for disputes arising out of smart contracts. Benefits for users (compared to traditional litigation): - More friendly - preserves business relationships; - Faster - resolves disputes faster and has no appeals; - More professional - relies on neutrals who understand your business; - Confidential - preserves the confidentiality of business deals; - More trustworthy - does not put you at the mercy of foreign judges; - Cheaper - well designed, saves time and money; - More accessible - works with your own attorneys and can be all online; - Enforceable - arbitration awards are enforced in over 150 countries; - More successful - ADR is preferred by over 90% of international lawyers. - Elleeo MVP. Elleeo is a platform that connects lenders and borrowers from different countries and opens unlimited opportunities globally. MVP stands for a minimum viable product – a product with just enough features to satisfy early customers, and to provide feedback for future product development). The most important advantages for borrowers: - The process is more transparent, easier, and quicker than with a bank. - It gives you the flexibility to tailor borrowing conditions to your requirements. - It provides you with a large pool of funding from investors who want to see you succeed. The most important advantages for investors: - Comparatively attractive return opportunities compared to standard bank deposits; - Easy to achieve risk diversification thanks to low minimum investments; - Automated investment according to investors parameters possibility using our InvestBot function; - Overall management of the loan arrangement (credit check, documentation, payment processing and collection) is carried out by the platform operator; - More exclusive options and functionalities that we will announce closer to the launch of the platform.
  • 5
    01.20
    - PrepayWay Real Estate MVP. PrepayWay Real Estate is an online contracting and escrow tool that makes the real estate reservation process direct, flexible, transparent, and secure. It minimizes need for trusted intermediaries and prevents fraud losses. Use our valid contract templates to draw up contracts, sign them digitally, choose between fiat and digital currencies, and enjoy full protection of your reservation deposit stored securely on the blockchain. Benefits for market participants: - There is no need to be physically present at the location of your dream real estate. - Clients can reserve properties safely and fast from the comfort of their own home. - Our legal agreement templates in multiple languages save time and money that would otherwise be spent on translations and lawyers. - Transactions in both fiat and digital currency are supported. - Security of earnest money deposit. If the property is not as described, or the deal falls through the fault of the seller, the earnest money is automatically returned to the buyer. - Efficient dispute resolution. Our network of independent certified mediators and arbitrators deliver fair mediation and arbitration services remotely, quicker and less expensive than litigation. As it is an MVP (MVP stands for a “minimum viable product” – a product with just enough features to satisfy early customers and to provide feedback for future product development), the following functionalities will be implemented at the later stages: - Smart-contract functionality. Smart contracts will be implemented to ensure security of deposits. Smart contracts initiate the release of the deposit automatically only when the contractual terms and conditions are met (upon confirmation of notarial transaction in case of purchase or upon the tenant getting access to the property in case of rent). - Possibility of global collaboration. Our platform will allow real estate agencies who never did business with each other before to enter into partnerships for referral of clients. Through PrepayWay, brokers and other market participants around the world will exchange information about available properties and refer clients to each other with confidence. - Automated referral commission payments. Real estate agencies can build networks and safe partnerships with like-minded professionals abroad with commissions for referrals transferred automatically. Self-executing smart contracts verify and trigger commission payments once conditions of the agreement have been met. - Country-specific legal templates. In all the regions where we will operate our users will have a possibility to conclude a reservation agreement using the language that they understand*. - Multilingual country-specific legal templates. Our legal partner network will prepare a set of agreements for all supported regions so that our clients can enjoy safe, fast, and convenient process of real estate reservation. - Fiat-crypto gateway framework. Our users will have a possibility to safely use fiat money for concluding smart contact based agreements without any risk of cryptocurrency rate fluctuations. The framework will allow traditional businesses to benefit from smart contracts: from an end-user perspective it will look like a pure fiat-fiat agreement. - Crypto-crypto gateway framework. Our users will benefit from a possibility to conclude a reservation agreement in a variety of cryptocurrencies, not limited to InBit or Ether.
  • 6
    06.20
    - Fundraising stage 2. Next equity fundraising rounds are planned for the further development of the products: PrepayWay Real Estate, Elleeo, SmartArb, and Global Trade. Terms, conditions and possibilities of investment will be published on our official webpage. - Beta version and release of PrepayWay Real Estate. In addition to the core functionalities of PrepayWay Real Estate, users will enjoy the benefits of blockchain and smart contracts, and real estate professionals will be able to collaborate globally with confidence in getting their referral commission. The platform will support multiple regions worldwide and will offer reservation and purchase agreement templates in the official languages of the regions supported by the platform. - Beta version and release of Elleeo. Users will be able to enjoy all the benefits stemming from migration to the blockchain. Both crypto and fiat investments are accepted. Elleeo will serve as an aggregator, eliminating the need to register on different crowdlending/crowdfunding platforms. Registering on Elleeo alone enables users to participate in the offerings of different platforms. Integration with PrepayWay Real Estate and PrepayWay Global Trade. - Beta version and release of PrepayWay Global Trade. In comparison to the limited functionality of the MVP, the beta version will give users enough flexibility to conclude any deal involving trade in finished products. - SmartArb regional offices in EMEA, APJ, NCSA. SmartArb will open regional offices in all the three regions in order to be able to offer its services globally.
  • 7
    01.23
    - PrepayWay Real Estate. One of the directions for strategic development the company is considering at the moment is the creation of APIs/plugins for main CMSs/open source platform for real estate professionals for the management of properties for sale/rent. Clients will have a choice to either create their own website or integrate into the existing one. Brokers who work with international real estate will be able to collaborate easily by defining the conditions of collaboration (referral rate) and the specifications of the properties. The platform will show all the properties that match the criteria. The platform will facilitate a smoother reservation process: when all the properties are managed using the same API/Plugin/OSP, a reservation agreement can be created in 2-3 clicks. - Elleeo. We see Elleeo as a place where people can invest and obtain financing in a few simple steps, while having the whole scope of investment/fundraising possibilities at their disposal. It should unify all the investment possibilities available on the market, so it will act as an investor crowdfunding and crowdlending gateway to the main platforms on the market. It is evident to us that the variety of products should be wider: rather than being limited to personal or business long-term loans secured by collaterals, it should include factoring and short-term consumer loans and equity investment. Elleeo will be looking into attracting professional institutions, both investors and service providers in certain regions. - PrepayWay Global Trade. We believe that global trade as a process can be significantly improved. The best case scenario we envision and target is entire international trade deals, from start to finish, facilitated by PrepayWay Ecosystem. We envision a perfect system that, after concluding a contract, offers insurance, reliable carriers, customers brokers, and other supply chain providers, with all the “paperwork” of the process governed by a single contract. This will eliminate the exchange of hundreds of email, bills of lading, letters of credit, etc., since all the participants of the process (which may include more than 30 individuals and organizations) will have a single point of interaction – PrepayWay Global Trade. - SmartArb. We realize that with the coming of new technologies, the ADR process will inevitably evolve. We are committed to dedicating time and resources to R&D in order to improve the current procedures and to develop new approaches to mediation and arbitration, making it more cost and time efficient. In order to achieve that goal, we plan to collaborate with the service developers in order to work out the guidelines/framework for designing new products where dispute submission for ADR would be integrated and done in the most efficient way possible. - Other services integration. We realize that our Ecosystem is far from complete. We are looking into integrating more and more service provides, such as insurance services, financial institutions, carriers, expert agents (oracles), rating agencies, and other service providers. - Proprietary blockchain. At this point, no single DLT (distributed ledger technology) exists that would satisfy all the needs of PrepayWay Ecosystem. If by the time that all the core components of the Ecosystem are up and running such technology still does not exist, PrepayWay may look into the development of its own DLT solution.

Full description

The PrepayWay’s mission is to remove the aforementioned burden by integrating decentralized blockchain and self-executing smart contracts with business processes to introduce a new paradigm in international commerce. The PrepayWay Blockchain Ecosystem integrates blockchain with existing business functions, leveraging it to generate value and accelerate growth. The resultant synergy will result in opportunities for strategic partnerships and access to innovative technology.

Contacts

   prepayway.com

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