Payfair - Decentralized escrow platform based on Ethereum

[JohnPomelov]

PAYFAIR | ICO (START 1.11.2017) | Decentralized escrow and P2P crypto-exchange platform based on Ethereum

PAYFAIR is a decentralized escrow platform for making cryptocurrency transactions between two parties. It is ensured with PAYFAIR tokens (PFR) based on Ethereum blockchain. Low fees for making a transaction, its safety and privacy. Saving time when making a transaction, no third parties or bureaucracy.

PFR tokens are an essential part of the system. Tokens create trust nodes, ensuring the trade between counterparties.

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Goal

- Creating guarantees between contractors in all spheres
- Raising the social interest to cryptocurrencies
- Ensuring mutually beneficial relations between all the participants on the platform
- Creating an independent system without developers interference

What is an escrow service?

Escrow is a financial agreement in which a third party regulates all the processes between two exchanging parties. It makes deals safer, because money is held on a secure account and deposit is given only when all the requirements are met.

Potential market share

- Nodes and masternodes
(using a smart contract while trading without human interaction)
- Cryptocurrency to fiat exchange service
- Domens and websites
- Social networks
- Online games
- Freelance and online services
- Escrow service for physical goods

Platform fundamentals

Ecosystem is a platform for making deals and transactions
Fee (commission) is a payment for the deal made by contractor
Buyer — a party, interested in deal safety
Seller — a party invited by a buyer
Trust node — PFR token holders
Escrow — an independent and anonymous chain of escrow-node.
Escrow settle the differences
Escrow-node — trust-node in status escrow

Rating system

1) Rating of escrow-nodes
- Rating system will create a self-regulating ecosystem with reliable participants of an escrow-chain
- Improves competency and open-mindedness
- Fair fee distribution between the participants

2) Rating of contractors
When using the platform for escrow service multiple times, rating helps to lower the fees for transactions therefore encouraging clients to use the platform more and more improves mutual confidence between the parties even without escrow-nodes

Crowdfunding

The total amount tokens is 100 000 000

PRE-ICO 30 000 000
ICO 56 000 000
Reserved for PAYFAIR 11 000 000 (freeze 1 year)
Bounty 3 000 000

How to invest?

1) Registry — https://payfair.io

2) Enter your wallet ETHEREUM

3) Make transactions on the address BTC

Referral program

Link — https://payfair.io/en/affiliate/info

Our Team

In the beginning of 2017 our founder Denis Salangin decided to make the world of blockchain technologies safer, more convenient, transparent and independent. To achieve this, he formed a regular developer team to make a project. Having analyzed the situation behind blockchain technologies, we gathered all the theoretical and practical knowledge, pointed out our target goals and created a process for developing payfair.io (PAYFAIR is a decentralized escrow platform for making cryptocurrency transactions between two parties. It is ensured with PAYFAIR tokens (PFR) based on Ethereum blockchain)

Our team doesn’t include influential people or leaders of opinions. We think it is not the most important thing. We managed to unite high-class specialists and create friendly environment. It motivates us to make the project successful. Our work is achieving hard but exciting goals. It is diverse and useful experience, everyone can fulfil one’s potential. If you work hard, you will get the best version of your idea.

Denis Salangin — A Founder of Payfair.io.
Our leading manager has great experience in project management (organizing work, assigning tasks) and wonderful understanding of principles of decentralized systems based on blockchain.

Evgeniy Pomelov — Community Manager.
He is managing current communities on Facebook, Twitter, etc

Dmitriy Plishkin — Digital Marketing
Developer of marketing strategy in media. Contextual and media promotion, online PR

Slava Butorin — Senior Developer

A leading developer of the platform

Languages: node.js / react / php

Aleksey Suvorov — Senior Developer

A leading developer of the platform

Languages: php / vue.js / python / nginx / lua / highload

Roman Likhachev — Junior Developer

A developer of the platform

Languages: php / angular.js

Aleksey Zhulikov — Junior Developer

A developer of the platform

Languages: php / python


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[JohnPomelov]

News (updates):

20.09.2017

Today and in the future every week we will publish a small report on the work done by our team — https://payfair.io/en/blog

Report for the last week (11.09.2017–17.09.2017):

- We started developing the demo-version of our platform PayFair.

- For technological base we decided to use the combination of MongoDb(mongoose) + Node.js(express.js) + Socket.io + Vue.js.

- We created a user authorization system with authorization support via REST API, using JWT (Json Web Tokens) (for further mobile apps and extensions development).

- We started the front-end implementation on Vue.js using Socket.io in order to get system notifications (invitation for a trade, new message, new dispute etc).

- We started working on REST API and already succesfully implemented:

1) Creating a user and choosing a role for him (client, escrow-user)

2) User authorization

3) Creating a new trade

4) Viewing already created trades

5) Browsing messages related to a particular trade

6) Creating a new message in the dialogue

On the 20th of October we are planning to release a test version of PayFair platform!!!

21.09.2017

We are glad to announce that we commited a source code in the Github repository. Further we are planning to release PayFair key components available in open-source.

https://github.com/payfairio/pf_demo

24.09.2017

Key advantages of a decentralized escrow:

1. Transparency of all the trades and transactions — the whole chain of transactions is copied in an encrypted way to every participant. You can’t fake it, because every participant always has information about every step of partners.

2. High level of cryptographic resistance. It is sufficient to store personal and finanical data safely.

3. The flow of payments can happen in any place of the world without third parties, but with low fees and instant execution.

4. Technological advantage.

5. There are no age or any other restrictions or problems with signing up. To start working you just need to have an internet connection and nothing else.

6. The service doesn’t depend on central banks, local laws, religion, politicians and other parties that can intrude and limit your trades. Even sanctions aren’t helpful.

7. There is no financial censorship.

8. New opportunuties for business deals.

27.09.2017

How Payfair platform works.

The main objective of the guarantor is to ensure the fairness of the transaction.

Let's analyze point by point how it works (step-by-step sequence of actions):

1. Using the framework of our platform, the Buyer invites the Seller (or Vice versa) via a unique link. Using this link, you can track the current state of the application and manage it.

2. Further, the Buyer gives all the details and conditions of transaction and exposes them to the seller (or Vice versa).

3. The Seller negotiates with all the details and conditions of transaction with the Buyer (or Vice versa), and gives his(her) consent.

4. Once the buyer and seller have agreed on the terms, the seller sets the transaction state to "requirements were met".

5. If the buyer is satisfied with the conditions, he confirms the conditions. Funds from the Deposit are transferred to the seller. The transaction is considered completed.

6. If one of the parties (buyer or seller) was unhappy with the deal - requirements were not met, for example, they can dispute the transaction and they have the right to call for the GUARANTOR.

7. The guarantor is required to observe the rules of the transaction, monitor compliance with regulations on the part of the parties to the transaction. The main purpose of the guarantor is to settle disputes between Buyer and Seller and to exclude all possible risks that may arise in the transaction process.

8. Details of the work of the guarantor: to support the deal 3 independent guarantors are called, who evaluate the terms of the transaction, listen to the arguments of both the parties involved in the transaction, trying to find a compromise, to make amends to the deal for the subsequent unanimous, positive and correct decisions, thereby put an end to the dispute and proceed the transaction or its cancellation.
If 3 guarantors can't find a common consensus for a certain transaction, the next chain of guarantors will step, also trying to come to any decision on the transaction, until the chain of ("3 in a sequence") decisions is looped and the consensus is found.

 

[JohnPomelov]

Hello! Remained 1 day before the end of pre-ICO. Become a part of Payfair!

https://payfair.io

 

[JohnPomelov]

Payfair Pre-ICO has been successfully completed! We managed to achieve our goals! Thank you all for your participation and support!

https://payfair.io

 

[JohnPomelov]

Hi there!

The development of the platform isn't stopped, we are still in the proccess of active developing and polishing everything that we have already done.

We would like to point out especially these things:

- We've updated our https://github.com/payfairio/

- We've calculated the costs for bounty and referral programms.

- We'd like to ask everyone who hasn't set up his or her ethereum address in the account yet, do it till October, 10 in order to get tokens.

Everyone who set up the ethereum address, will be able to receive tokens on the 10th of October.

If you are not able to set up your Ethereum address until the specified date, your tokens will be sent to backup address, these tokens will be available for claiming only on the 1st of December, when transfers become available.

For your convenince, we recorded a footage "How to use your Payfair account" :


Thanks to everyone for your support and understanding, we will keep in touch with you, providing latest news on our project!

 

[JohnPomelov]

Hello to everyone!

We have great news for you! We distributed PFR tokens among investors.

Besides, we have some tokens reserved for:

- Bounty campaign

- For investors who didn’t provide their wallets addresses in their accounts

All these tokens are transferred to our reserve account.
You can receive them as soon as tokens become transferable, it mens no sooner than on the 1st of December, right after ICO campaign.

Smart contract is verified.

Address - 0x2fa32a39fc1c399e0cc7b2935868f5165de7ce97

Token Symbol - PFR

Decimals - 8

https://payfair.io/en/blog/post-9

 

[JohnPomelov]

Hello friends!

If you want to get 500 PFR tokens for free, take a look at our bounty campaign, which includes a subscription to our telegram channel - https://t.me/payfair

Form - https://goo.gl/88VDxs

Bounty tokens will be distributed in December.

 

[JohnPomelov]

Hello!

After a few months of hard labor, our team of developers launched a demo for Payfair platform!

Demo version will show you only some of the functionality of our platform.

Everyone can test the demo version of our platform, clicking on the link: http://demo.payfair.io

The registration procedure is very simple, so you can handle it without problems.

During testing the demo version our development team will fix all reported bugs of the platform. So please understand that the demo-version is not stable, it will be updated regularly.

Share your thoughts and suggestions on the demo version in our telegram channel: https://t.me/payfair

In conclusion, we can say that we continue to improve our platform, to ensure that in the future every Payfair user will experience only positive emotions from its use. Don’t forget to follow our updates: every day we’re getting better!

Thank you for being with us!

P. S.

Don’t forget about Payfair ICO starting on 01.11.2017!

 

[JohnPomelov]

Hello!

Dear friends, Payfair ICO will be soon launched!

ICO key dates:

Start: November 1, 2017 at 13:00
End: November 30, 2017 at 13:00

During the preparation for the ICO, our team is facing quite a few difficulties, but this does not prevent us from completing all the tasks.
We launched a demo version of the platform, we are conducting a research in the field of escrow, so in general, we continue to stick to our plan and in full swing we are preparing for the ICO.

You can track the progress of ICO and join the investors pool on our website: https://payfair.io
Crowdfunding address will appear on the main page of the website. Full instructions for the ICO are to appear in the coming days.

We remain as open as possible to the public and potential investors.
Don't forget to follow all the news and updates Payfair in social networks and in our blog: https://payfair.io/ru/blog

Thank you for the undying trust and interest in the project!

 

[JohnPomelov]

Hello, dear friends!

The ICO day has finally arrived!

The PFR token sale started today at 13:00 GMT. You can participate in ICO on the main page of our website: https://payfair.io/

Official PFR сrowdfunding contract address: 0xB765049D934D69D91A495f21f32e3845Af028dB0

Our bonuses for investors:

We offer special discounts for investors: 15% for investors who invested more than 30 ETH, 20% for investors who invested more than 50 ETH. Discounts are available even in combination with time bonus. The overall discount on the 1st of November is 40%.

How to invest in ICO Payfair (step-by-step instruction):

1) First you have to go to the Payfiar website: https://payfair.io

2) Then you need to copy the address for crowdsale on the main page of the website: 0xB765049D934D69D91A495f21f32e3845Af028dB0

3) Go to your MyEtherWallet: https://www.myetherwallet.com/

All exchange wallets are not allowed.

All official wallets (mist, myetherwallet etc) are allowed.

4) In your wallet you have to specify the amount for investment, gas limit should be no less than 200000 and then you click on "generate transaction".

5) You have succesfuly invested !

PFR tokens will be automatically transferred to your wallet after the 1st of December when our ICO finishes.

Smart contract is verified.

Information for adding our token:

Address - 0x2fa32a39fc1c399e0cc7b2935868f5165de7ce97
Token Symbol - PFR
Decimals - 8

Thanks everyone for your support! Be a part of Payfair!

 

[JohnPomelov]

Hello!

Decentralized escrow and P2P crypto-exchange platform based on Ethereum.

Large bonuses for significant investors!

We offer special discounts for investors: 15% for investors who invested more than 30 eth, 20% for investors who invested more than 50 eth. Discounts are available even in combination with time bonus!

https://payfair.io/en/blog/post-12

 

[JohnPomelov]

Hello everyone!

We are excited to announce to you that we have settled the deal with two exchanges about our token being listed on them. We continue working this way.

https://payfair.io

 

[JohnPomelov]

Hello!

Check out the ICO Rating List: https://docs.google.com/spreadsheets/d/12YIykWXNFEIHBFwLJgi83y15p6qB3YB0FRxAzSH5eYo

Payfair is also listed, with an good rating!

Be a part of Payfair!

https://payfair.io

 

[JohnPomelov]

Hello, dear friends!

There is a very good reason to recommend our ICO to your friends and acquaintances! We decided to launch a referral program!

Our referral program terms:

- You get a 5% bonus from the investors attracted by you. They receive their 5% bonus added to their purchased PFR tokens accordingly.

- Bonuses will be distributed to all participants after the ICO finishes (the first half of December).

- The main thing is that you should know for sure that you attracted your investors. They should specify your wallet address in the field Data when making a transaction.

The instructions to participate in the referral program (for example MyEtherWallet):

1. Investor attracted by you is making a transaction to our smart contract which can be found on our main page of the website: payfair.io (official PFR сrowdfunding contract address: ). Then he or she should enter the address of your ethereum wallet in the field Data.


2. When ICO finishes, you will get a 5% bonus from all the investments made by your investors. They will also receive a 5% premium to their PFR tokens.

Join our referral program and share this information among your friends and acquaintances. Hurry up to get your bonus!

 

[JohnPomelov]

Hello to everyone! Despite the fact that crowdfunding is slow, we are continuing to work on the project.

In December, we will integrate the exchange of p2p.

Also in December testing of our platform will begin. Volunteers are welcome.

From December 1, tokens will be transferred to all investors. Our token will be listed on two exchanges, we are negotiating with others.

We would like to note that all the stages indicated in our road map will be realized, it does not depend on the amount of collected funds.

We hope that you will have the chance to become a part of Payfair! Only 14 days left! You have a brilliant opportunity to make money through PFR tokens because of low capitalization!

https://payfair.io

 

[JohnPomelov]

Hello, dear friends!

ICO is closed!

Speaking on behalf of our team, I want to congratulate all that have trust in us! Your trust means a lot for us! Thank you everyone who paid attention to our project! Tokens will be distributed on the 1st of December!

https://payfair.io

 

[JohnPomelov]

А brief FAQ

1) Tokens will be released on the 1st of December

2) Currently tokens are not available for purchasing

3) When will be a Github update? We will be updating Github more often. The first update is planned on Wednesday

4) At what exchanges will the token be listed? Currently 2 exchanges (ED, Stocks.exchange) will list the token for sure, starting from the 1st of December.
Looking for other options currently. We will analyze all the exchanges.

5) We follow the roadmap, on 8-10th of December you will see a huge update

6) https://payfair.io/whitepapers/full_PF.pdf

7) The overall capitalization is ~215K$

Please, don't compare our project with Confido. We are very grateful for your support but this is the chat for discussing Payfair. Their project is just 10% of what we are planning to accomplish. Therefore we ask you kindly not to discuss this company and its current state of affairs.

https://payfair.io

 

[JohnPomelov]

Hello!

GitHub is updated: https://github.com/payfairio/pf_demo

On the first of December tokens will be transferred to all the investors.

Currently 2 exchanges (ED, Stocks.exchange) will list the token for sure, starting from the 1st of December. Looking for other options currently. We have written to 6 exchanges (KuCoin, Сryptopia, Yobit, Liqui, Hitbtc, Mercatox), waiting for response.

https://payfair.io

 

[JohnPomelov]

Hello, dear friends!

We are glad to announce that today (13:00 GMT) PFR tokens will be distributed among the investors.

Bounty tokens will be transferred to you until the 10th of December.

Trades will be available from the very beginning on EtherDelta through the address:

https://etherdelta.com/#PFR-ETH

Happy trading!

Name: PayFair
Website: https://payfair.io/
Contract Adress : 0x2fa32a39fc1c399e0cc7b2935868f5165de7ce97
Symbol: PFR
Decimals: 8

 

[JohnPomelov]

The trading starts in 15 minutes!

EtherDelta address:

https://etherdelta.com/#PFR-ETH

Our token has been added to stocks.exchange:

https://stocks.exchange/trade/PFR/BTC

Happy trading!

Name: PayFair
Website: https://payfair.io/
Contract Adress : 0x2fa32a39fc1c399e0cc7b2935868f5165de7ce97
Symbol: PFR
Decimals: 8