You can view Paygine's Form D here
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.
Initial coin offerings (ICOs) emerged a few years ago. Some projects have collected significant funds through ICOs yet have not fulfilled purchasers’expectations. On the other hand, there are also many positive examples. Given the significant amount of time required to implement ideas presented in ICO projects, it is still too early to make final conclusions for many ICO campaigns. What is clear is that significant risks exist in an emerging market like cryptocurrency, and purchasers should account for those risk and try to be informed about potential projects before committing.
Given the risks associated with ICO projects, it is worth asking the following questions when assessing their feasibility:
1. What kind of team is implementing the project? Has this team successfully implemented projects in the past? Do they have an operational business and a plan to develop it, or is there nothing more than an idea and the promise?
2. Does the ICO process comply with applicable laws and regulations?
3. Are the project advisers individuals who are well-known and care about their reputations?
4. Does the project roadmap define deadlines and include detailed descriptions for each step/stage? Does each project stage correlate with the amount of investment required for it, and does it give a clear picture of the project’s future, even in the case of incomplete fundraising?
5. Is there a detailed financial justification for the amount that project team plans to raise? Are these calculations available for download on the project’s website?
6. Quality support should be provided to the potential purchaser. Are there any support services available for the project throughout the pre-ICO and ICO period, as well as in subsequent phases of the project?
7. Is there a smart contract based on blockchain technology that protects purchasers’interests? Is it publicly available on the project’swebsite, aswell as atgithub.com?
8. Does the financial model of the token sale violate applicable laws and does it stipulate obvious benefits for the purchaser?
If you answered NO to at least one of these questions, perhaps you should reassess your commitment to participate in an ICO.
If you answered NO to at least one of these questions, perhaps you should reassess your commitment to participate in an ICO.
Paygine is an open financial platform designed to help business and its customers to use the cryptocurrency intheir everyday life as ordinary money. The platform model is based on its own banks based in the different countries, and in jurisdictions comfortable for cryptocurrency usage. The platform will be based on the existing and most advanced solutions of PayEngine LTD (registered in the UK) company that are currently used in the fintech world.
Our potential clients are fintech companies, banks and other business who provides its services to the end customers.
Ross & Shulga PLLC is providing legal counsel to Paygine with regards to the structuring of its ICO, regulatory compliance and related paperwork. Ross & Shulga is a corporate and securities law firm that provides advice related to investment funds, securities offerings, general counsel services, cryptocurrency and crowdfunding.
Certainly. The founding team at Paygine is the same team who built Pay Engine Limited. Pay Engine Limited is an international payment processing company founded in 2012 in the UK by experts from the banking sector, with experience successfully implementing projectsat American Express, SEB, BankSt-Petersburg, Sberbank, Renaissance Credit, ABN-AMRO and RBS. Pay Engine Limited used its expertise to create theBest2Paybrand and the Best2Transfer bank loan repayment platform. Today, Best2Pay is used by businesses in fintech, e-commerce, and beyond to provide their services to more than 1.5 million individuals every month, and the number of end-customers who use our platforms is increasing by 34% every month.
Paygine is developing an open financial platform based on the Best2Pay payment gateway solutions (the “Platform”).
Our goal is to build an open financial platform to serve fintech businesses around the world, providing services based on white label principles. All services on the Paygine platform will be provided to clients through a single Application Programming Interface. We will not provide services directly to individuals.
Instead, we will work with fintech companies, internet shops and services, as well as aggregator sites, and they in turn will provide services to their customers—individuals and businesses — there by creating a completely new ecosystem around the Platform. Paygine does not aim to develop an electronic wallet, a crypto-wallet, bank cards, transfers, and so on under its own brand.These products would be built by our customers under their own brands, and private individuals and businesses will be able to choose services from among Paygine’s clients.
Pre-ICO finishes on February 28, 2018. Early termination is possible upon reaching the hard cap of 3 000 000 USD.
A PGC token is the key to the use of the Paygine Platform. Once we have a functional ecosystem, PGC tokens will have various uses and applications in connection with the Platform. For example, PGC tokens can be used to pay the Platform for its services, pay for goods and services provided by the Platform’s clients, and as an internal currency on the Platform.
Offers and ales of PGC tokensare being conducted inin the United States in reliance on Rule 506(c) of Regulation D promulgated under the Securities Act. Form D is available at the following link: https://www.sec.gov/Archives/edgar/data/1724831/000172483117000002/xslFormDX01/primary_doc.xml
Yes. Our pubic Pre-Sale is scheduled to launch on December 26, 2017, and will be limited $3 million. Please see our Terms and Conditions for important disclosures about who can invest.
Yes. The minimum investment amount is $1,000.
Yes. U.S. citizens and residents can invest so long as they meet the requirements described in our Terms and Conditions, which require U.S. investors to be “accredited,” among other things. Prior to making the payment, all purchasers are directed to an independent platform ComplyAPI to verify their accredited investor status. Also, we will not be accepting any payments from New York residents.
The definition of accredited investors is found in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933 and includes:
(i) Any bank, as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association or other institution defined in Section 3(a)(5)(A) of the Securities Act, whether acting in its individual or fiduciary capacity; any broker-dealer registered pursuant to Section 15 of the Exchange Act; any insurance company, as defined in Section 2(13) of the Securities Act; any investment company registered under the Investment Company Act of 1940 or a business development company, as defined in Section 2(a)(48) of that Act; any Small Business Investment Company licensed by the United States Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; any plan established and maintained by a state, its political subdivisions or any agency or instrumentality of a state or its political subdivisions for the benefit of its employees, if such plan has total assets in excess of $5,000,000; and any employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such Act, that is either a bank, savings and loan association, insurance company or registered investment advisor, if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by person(s) that are accredited investor(s);
(ii) Any private business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940;
(iii) Any organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, any corporation, Massachusetts or similar business trust, or company, not formed for the specific purpose of acquiring the Common Stock, with total assets in excess of $5,000,000;
(iv) Any director or executive officer of the Company;
(v) Any natural person whose individual net worth, or joint net worth with that person’s spouse, exclusive of the value of the person’s primary residence net of any mortgage debt and other liens, at the time of his or her purchase exceeds $1,000,000;
(vi) Any natural person who had an individual income in excess of $200,000, or joint income with that person’s spouse in excess of $300,000, in each of the two most recent years and who reasonably expects to reach the same income level in the current year;
(vii) Any trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities being issued, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) of Regulation D; or
(viii) Any entity all of whose equity owners are accredited investors.The term “net worth” means the excess of total assets over total liabilities, exclusive of the value of your primary residence net of any mortgage debt and other liens. In determining income, you should add to your adjusted gross income any amounts attributable to tax-exempt income received, losses claimed as a limited partner in any limited partnership, deductions claimed for depreciation, contributions to an IRA or Keogh retirement plan, alimony payments and any amount by which income from long-term capital gains had been reduced in arriving at adjusted gross income.
Yes. Currently, a few countries have restrictions that prevent their citizens from investing in ICOs. Those countries include, but are not necessarily limited to, China and South Korea. Also, we will not be accepting any payments from New York residents. Further, those who are deemed to be “Prohibited Investors” as defined in the Terms and Conditions may not participate in this Pre-Sale. If you have specific questions about your ability to invest, please contact legal counsel in your country for advice regarding investing in ICOs. Additional information can be found in our Terms and Conditions regarding investor requirements and eligibility.
Public Pre-Sale investors will be able to purchase PGC Tokens at $1.00.
Yes. Only 3,000,000 PGC Tokens will be made available in the Pre-ICO.
All investors in this PGC Token Pre-Sale will receive 40% more PGC Tokens than at Paygine’s subsequent sale once the Platform has full functionality.
Paygine LLC is a Delaware limited liability company. Its office is located in New York City.
Yes. Purchasers will not be able to use PGC Tokens on the Paygine Platform until its successful completion. After the completion of the Platform PGC Tokens may be transferred only in compliance with the Terms and Conditions and applicable laws and regulations.
KYC (“Know Your Customer”) and AML (“Anti Money Laundering”) are procedures designed to protect financial institution services from being used for purposes of money laundering and financing of criminal activities. Every potential Paygine investor is required to apply for such verification prior to investment regardless of their location and status.
More about KYC and AML procedures can be found here.
Paygine is a U.S. company that is offering PGC tokens for purchase to U.S. purchasers. Such offering must comply with the existing U.S. securities laws. Investor documentation is required to ensure such compliance. The Paygine team is highly appreciative of efforts by PGC token purchasers to comply with applicable law.
During the pre-ICO period you can buy PGC tokens for ETH, BTC and USD.
If you pay in ETH you will get PCG token immediately. If you pay in BTC or USD - not later than 48 hours.
THE COMPANY IS OFFERING PGC TOKENS THROUGH THIS WEBSITE ONLY OUTSIDE OF THE UNITED STATES TO NON-U.S. PERSONS WHO ARE NOT ACQUIRING TOKENS FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON, PURSUANT TO THE PROVISIONS OF REGULATION S OF THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THE TOKENS WILL NOT BE REGISTERED UNDER THE SECURITIES ACT, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION UNDER THE SECURITIES ACT OR AN APPLICABLE EXEMPTION THEREFROM.HEDGING TRANSACTIONS INVOLVING THE TOKENS MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.