About PayFrequent
PayFrequent is an issuer that issue cryptographic token that is (i) issued by its Limited incorporated in republic of seychelles under the International Business Companies Act 2016, (ii) strictly pegged 1:1 to there native fiat currency and (iii) built on the Tomochain network according to the TRC21 standard for tokens.
PayFrequent is a stable value coin that combines the credit worthiness and price stability of the Fiat currency with the technological advantages of a cryptocurrency. As a TRC21 compliant token, the PayFrequent Token can be transferred on the Tomochain network.
Token Basic Information
| Token Name | PayFrequent |
| Token Symbol | PayFQ |
| Social Media | Facebook, Twitter, Telegram |
| Token type | TRC21 |
| Support | 24/7 |
| Language | English |
| Country | India |
| Whitepaper | Click Here For View Whitepaper |
| Website | Click Here For Visit ICO Homepage |
Why PayFrequent
Hold it anywhere
Hold it in any wallet with your private key. spend it anytime without any locking period and get reward based on your balance.
Hourly Reward
Get hourly reward for your balance above 1000 and get daily reward for balance between 500 to 999. get monthly reward for balance between 5 to 50.
Fully Independent
Hold in any ethereum compatible wallet and send it to anyone without holding any other token. no need to depend on any other native token for sending and receiving.
Stable value
PayFrequent converts cash into digital currency, to anchor the value to the price of national currencies like The US Dollar, The Euro, and The Offshore Indian Rupees.
Powered by Tomochain
All PayFrequent Coin issued on Tomochain network as TRC21 token Standard, so you can store it on any Ethereum-compatible wallet, like Payfrequent / Tomo / Trust Wallet.
Global transactions
PayFrequent Coin is designed to let currency move globally from your crypto wallet to other exchanges, businesses, as well other user.
Creation
PayFrequent Stable coin can be issued only by its Limited or Banker / Financial companies which sign NDA with PayFrequent Limited for issuing and distribution of its stablecoin. All issuers need to deposit a security deposit in the same Fiat currency they want to issue stablecoin. A limit will be provided by same equivalent amount of security. The issuer needs to clear their settlement for all issued coins by next day otherwise it will be debited from their security deposit.
Redemption
PayFrequent Stablecoin can redeemed 24×7 by depositing in PayFrequent wallet and converting to another asset or sending it to another user or transfering to fiat. All transfer will done instantly except fiat transfer requests will be accepted automatically and its sent to the user chosen bank account within 1-3 working days depending on the user bank country.
PayFrequent Wallet function
Multi Send option
PayFrequent wallet users can send any supported currency in the wallet via 5 transfer methods to anyone.
- To their blockchain address – users can send cryptocurrency to any tomochain address (same as ethereum address). Please check and confirm user can access their wallet via private key or the wallet fully supports tomochain trc21 token.
- To mobile number – users can send it to all mobile numbers which are registered in PayFQ wallet.
- To email address – user can send it to all email addresses whether it is a registered user or not. If a user is registered in PayFrequent wallet then their account will be credited instantly otherwise the user will receive an email notification for creating their account.
- To user id – all users can generate their user id from their profile page. Fully anonymous if you want to receive funds but do not want to share your wallet address.
Help and support
Live chat
PayFrequent wallet provides 24×7 live chat support. No more bot messages and no need to wait hours for a response. A minimum 2 representative will be available around the clock for your assistance.
Security and safety
Cold storage
PayFrequent wallet 95% fund is stored in cold storage and not accessible from the internet.
Google 2 factor authorization
All users need to set up their 2 factor authorization before any transition. If 2 factors are not set up in their account then no transaction will be allowed by the system.
Bind account to IP Address*
A user can enable the whitelist system from their profile page where they bind their account to a selected IP address. All login from other IP addresses is denied and only selected IP addresses can access their account.
Instant Telegram Notification
Users can link their telegram account from their profile page and receive instant notification for all transactions.
Auditing
Its works with third-party, independent, trusted, nationally top-ranking public accounting firm to monthly review and attest that PayFrequent issued tokens are fully collateralized 1:1 by their native currency. We can change monthly review to weekly / daily review when our transaction volume changes to 10 million USD daily or market cap of 50 Million USD.
PayFQ Card Network
PayFQ Card*
PayFQ wallet is closely working with their sister company PayFQ Payments Limited to integrate and launch PayFQ card Network cards. PayFQ card network is first blockchain network card especially designed for cryptocurrency. You can use it the same as other cards. You can use it to make a withdrawal from an ATM or make a movie ticket booking also. PayFQ Cards integration is under testing and it will be live by the first week of May.
PayFQ Merchants*
Any user / company can register as a merchant and receive cryptocurrency payment Directly in their PayFrequent wallet or Merchant can choose for direct fiat settlement daily in their bank account.
Some benefits
- Protection 100% secure
- Speedup Instant Confirmation
- Lowest Fees Just 0.01 for any transfer
Full KYC & AML Compliance
All PayFrequent wallet users need to complete their KYC before using any fiat transition. A user can use PayFrequent stablecoin without any KYC if they do not want to use fiat service on PayFrequent wallet.
PayFrequent Standard Token
Blockchain technology has introduced exceptional innovations—distributed ledgers, decentralized trust, smart contracts, etc.—yet has not improved on the basic principles that characterize money, nor has it built the trust of the public necessary to achieve popular adoption. PayFrequent is the Standard is designed to leverage the new innovations of blockchain technology to improve the function of money. PayFrequent Issued stable coins are always readable to their native face value. They can transfer to any account or exchange to fiat anytime.
Also Read – Click Here for Read All ICO Review
This article is writing on 22 May 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258
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