PIMAPAY Redefined Global Transaction

Payment Gateway, Crypto Assets Trading, Airdrop (hoarding), Cryptocurrency Wallets, Games, Automated Cryptocurrency Swapping,

e-vouchers & Mining

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Disclamer

The information provided in this whitepaper is to provide information only,

therefore, the representations herein should not be relied on. PIMAPAY makes

no representations or warranties (whether express or implied), and disclaim via

all liability arising from any information stated in the white paper.

In particular, the “Roadmap & Development” as set out in the text of the

white paper is subject to change, which means that PIMAPAY is not bound by

any representations to the future performance and the returns of PIMAPAY. The

actual results and the performance of PIMAPAY may differ materially from those

set out in the “Roadmap & Development”.

PIMAPAY already has an existing and functioning platform (see Phase 1 of

the “Roadmap & Development”), and this white paper makes no binding

representations or warranties about the existing platform.

No regulatory authority has examined or approved of any of the information set

out in this white paper.

Thus, no action has been or will be taken under the laws, regulatory

requirements or rules of any jurisdiction.

The publication, distribution or dissemination of this white paper does not

imply that the applicable laws, regulatory requirements or rules have been

complied with.

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Contents

Disclamer 2

Abstract 4

Introduction 5

Difficulties Facing the Crypto Space 6

Pimapay Mission 7

Partners 7

Goals 7

Development & Roadmap 9

Completed Features 10

Core Operations 11

Account Management 11 Wallet 12 Exchange (Swap) 13 Markets 14 Vouchers 14 Games 15 Bounty 15 ERC 20 Tokens 16 Application Programming Interface (API) 16 Pimapay Gateway 17 Pimapay Gate Use Case 18 Airdrop 18 AML/KYC 18

Pimacoin 19

Pimacoin Permission Blockchain 19

Pimacoin Mining 21

Summary 22

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Abstract The information on this whitepaper explains the crypto-assets for human transactions “PIMAPAY” platform and its functionalities, connecting, lining and

integrating online payment technologies and the position of cryptocurrencies in

the entire blockchain ecosystem and developing market.

With over 1500 altcoins on the market, and majority of cryptocurrencies in the

face the issue of adoption and usage, imperfections in the technical setting of these digital coins result in the loss of potential customers and merchants and

low transaction volumes, affecting the market price of the coin accordingly.

Furthermore, the path from creating a digital wallet to making actual payments

in cryptocurrencies is very inconvenient and cumbersome, requiring a beginner to spend a lot of time and effort making his/her way in the cryptocurrency world.

When addressed mindfully, the problem of poor user adoption of

cryptocurrencies can be resolved by means of a one-stop solution approach

realized through a platform, that was designed specifically to inform and educate users about the variety of coins, helping them to make an informed

choice, and providing multiple possibilities to use digital currency, all in the

same place. The concept of the Crypto-One-Stop-Solution (PIMAPAY), together

with its actual implementation and the technical specs are outlined in this

whitepaper.

Carefully developed for public adoption, Pimapay platform is an all-in-one

solution for all the entire crypto space geared towards maximizing client value.

We have been able to develop a rock-solid, user-focused framework that offers

unparalleled mobility between blockchain-based digital assets and traditional markets.

Important Terms: cryptocurrency, blockchain, mining, bounties, permissions,

trading, exchange, merchant tools, payment gateway, hoard, e-wallet, vouchers,

games

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Introduction

The inherent value of cryptocurrencies as an alternative payment method

has gained critical mass adoption among investors, entrepreneurs, and

consumers over the last few years. Such popularity would not be possible without the blockchain technology, which has taken a number of world banks

and corporations on a quest to increase the efficiency of their services. The

permeation of cryptocurrencies and the blockchain technology into the global

market is not simply a technological trend, but rather a steady shift towards a

better future, in which managing personal finances is becoming easier, faster, cheaper and safer.

The cryptocurrency industry has generated an entirely new market, or a

set of technology-driven markets, which have the potential to disrupt the

existing market strategies and the conventional business practices. However, as any other industry, the cryptocurrency industry has to face a number of

obstacles, which slow down its natural dissemination among the non-technical

users. One of these challenges is the absence of a one-stop-solution that would

bring the existing services together into a single user-friendly 'ecosystem'.

The main objective of this paper is to present a comprehensive method

allowing one to improve the overall cryptocurrency user experience by means of

PIMAPAY, the Crypto-One-Stop-Solution. The PIMAPAY platform shapes the

foundation for a community of cryptocurrency users: companies, startups,

traders, customers and merchants into a viable market, combining the latter three elements into an ecosystem that can boost the mass adoption of

cryptocurrency.

With PIMAPAY, usability issues, related to virtual currencies are resolved in

an innovative way. The platform gathers the most popular cryptocurrency services and products into one portal allowing users to gain control over their

finances, to manage transactions, to integrate merchants’ payments, to deposit

funds and so much more. This whitepaper will introduce you to the features of

the PIMAPAY platform

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Difficulties Facing Crypto Space

The main reason why cryptocurrencies keep gaining traction is because the use of FIAT currencies imposes limitations on users, such as inability to provide identity protection and the safety of the transaction process.

The problem of credit card payments is that it is an extremely cumbersome process that requires not only a customer and a merchant, but also banks, acquirers, payment processors and a group of organizations operating the network, to participate. This brings up a number of middlemen in discussion, and also increases the transaction costs.

Although the payment technologies are constantly evolving, and the concern about the peer-to-peer (P2P) payments is increasing, in this highly competitive environment, all the players are now working hard to maintain their position in the market, and to disrupt the status quo. This is done to eliminate the complicated and inefficient set of separate processes that are at the core of every payment system.

The payment ecosystem is limited to being a counterpart of a broader commercial landscape, in which fraud management and data privacy are carried

out integrally within the IT security framework. This framework spans towards the Internet, mobile devices, social networks and cloud services. As a result, the payment-processing organizations have to manage the risks associated with the

online payments in FIAT currency via a complex and slow mechanism. On top of that, many Fintech applications have vulnerabilities when it comes to fraud, theft

and chargeback prevention, carrying out cross-border transactions, providing data security, multi-currency payments and on-the-go payments.

According to IBM Commerce ‘Pay It Forward’ e-book there are three major challenges that the payment processing sector faces at the moment: Satisfying customers’ needs for payment options and localization; Meeting security, privacy requirements and regulations; Reducing complexity across the payment ecosystem

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Pimapay Mission

We strive to contribute and promote modern blockchain technology for

different areas of social and economic relations. That’s why we strive to create a

platform that brings and binds people all across the global financially and the cryptocurrency market at large. We belief blockchain opens opportunities to

improve the way people get used to live. “That is why Pimapay is a financial hub

for the humanity.”

We aim to reinvent how transactions and digital commerce works. We

tend to enhance it with fast growing opportunities blockchain technology and Cryptocurrecies have to offer.

Partners We use different technologies from the following partners but not limited

to them. The partners are Blockcypher for propagating our transactions, Chain for propagating transactions onto the different blockchains, Parity for Ethereum,

Infobib for messages and OTP, Sendplus for files transfer and Insura.

Goals Cryptocurrencies have all the prerequisites to becoming a viable replacement for FIAT money over the Internet, allowing millions of customers, including merchants, startups, businesses, charities, etc. as well as the unbanked individuals to gain access to the most technologically-advanced payment methods. For this reason, at PIMAPAY we have designed the concept of Hub-System, a borderless digital economic system suitable for cryptocurrency users.

The Hub-System is a. Aimed at eliminating the challenges faced by the online payment industry b. Integrating and connecting the entire into cryptocurrency market

PIMAPAY; c. Increasing the community of merchants accepting crypto as the most

preferable payment method via the PIMAPAY POS; d. Developing a lively marketplace with cryptocurrency-related services and

products;

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e. Providing a competitive payment solution for industries such as gaming, real estate, etc. with direct funds deposition enabled on PIMAPAY;

f. Cashing-out cryptocurrencies via PIMAPAY prepaid cards. g. Catering goods and services within the e-Commerce and the Merchant

Platforms;

The list of potential industries, which can benefit from using PIMAPAY is literally infinite and cannot be defined completely. Just like the internet, which is impossible to shut down, the PIMAPAY platform is likely to become a ‘living’ project, or ‘a smart contract with no expiration date’ that can endure many technological and social changes.

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Development & Roadmap

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Completed Features In Pimapay, we made sure we captured various use cases of transactions in the digital world. Reaching and connecting directly both end users and businesses together with our already existing modified and well-designed features. A one stop financial solution is been provided to everyone all around the globe, even with unique components still under development, there will be nothing to exclude in the crypto space. This is to make everyone feel the ease of smooth, secure and efficient transactions.

Existing and completed features and applications for Pimapay are listed below

1. Crypto-Asset wallet, which enables user to store their cryptocurrencies either offline or online and serve as a medium to either send/receive.

2. Market, user can trade any crypto assets of their choice, place/execute orders.

3. Immediate exchange of various currencies, (i.e fiat and cryptocurrencies from one wallet to another securely.

4. International transfer with up to date currency rate through Pimapay gateway.

5. Exchanger and agent integration to enable users become/open various services and carryout Pimapay transactions.

6. Merchant API services for both Pimapay and Pimacoin which enable everyone to accept payments via Pimapay.

7. Voucher systems to generate/create vouchers for resell, account refill or to be used for special occasions like events, as gift cards etc.

8. Bounty system which enables interested users to profit/earn by granting mining or admin permission.

9. Games (Dice and Lottery) play dice and lottery.

10. Permission mining i.e Proof of Consensus (POW)

11. Token Accounts, all coins that are traded in the market has token accounts which enables users to smoothly and swiftly transfer to others within the ecosystem without using their core wallet.

12. Airdrop (Hoarding)

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Pimapay Core Operations

The following functionalities makes up Pimapay operations

Account Management:

a. Registration

b. Login to an existing account(Social media login e.g FB Google etc)

c. Forgot password option

d. Profile Section – Privacy settings (change password, modify email, phone number, contact information), Two Factor Authentication (2FA), Account verification (KYC) – Documents, ID, Passport.

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Wallets

a. Create new wallet – securely (password and mnemonic passphrase to export/import account in any device)

b. Send – set fee option (autofee, medium, small)

c. Receive – Scan QR code to receive, generate voucher of any amount for any currency, Generate new address.

d. View transaction history.

e. Transfer to any country and currency using any cryptocurrency of your choice.

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Exchange (Swap)

a. Exchange – Exchange/swap from one currency to another, either fiat or crypto with exchange details which gives whole information about a particular exchange pair. Also it include reserves for coins.

b. Exchange Rates – View all rates at a glance

c. Exchange History – Track all your exchange transactions with status or updates such as started, initializing, completed. Search for a specific transaction with your exchange ref ID

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Markets

a. Exchange markets – cryptocurrencies trade for various coins and tokens are been traded Options to (deposit, withdraw, place order, buy orders, sell orders, cancel orders, join troll box to chat with other traders, and track market movements)

b. Token Accounts – Use to transfer coins internally to other users within the Pimapay ecosystem, serves as a deposit and withdrawal medium for any token or coin that is been traded on the market. With token accounts, you will have the ability to receive token account funds from other users. Send directly to your coin wallet that is linked to that particular token And lots more

Vouchers

Following features are available for buy vouchers

a. Buy vouchers – Various/different kinds of vouchers that can be used for different purposes, ability to split your vouchers and resell in various denominations of all your choice, refill of your already purchased voucher and continue to use and distribute as you wish.

b. My vouchers

c. Redeem vouchers

d. Voucher transactions (History)

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Games

Dice – With any cryptocurrency that is been provided in Pimapay, you can roll a dice choosing any amount of your choice to win double of your stake.

Lottery – Same as a lottery, choose any numbers of your choice and play to win.

Bounty

Pimacoin support permissions, a custom permission bounty system. This means why permitted users can either mine, or manage blockchain. Want to join the train? you have to place a bounty with some certain amount and wait till your bounty request has been granted permission to either mine or admin .Admin gets rewarded by granting permission. When consensus is reached, users address is granted permission.

Mining permission enables users who want to mine to bounty for mining permission. In return, users (miners) are rewarded in round robin fashion and not proof of work. In this case, each available miner takes a turn in the mining reward process.

Wondering how to go about this? Simply go to permission enter the

amount of pimacoin you want to bounty, period in days and the type of permission you want .Remember, your bounty might not be accepted

depending on the bounty amount. If another user bounty is more than yours. If consensus fails after a period of time, your bounty amount will be returned to you. You can as well revoke your bounty. Once your bounty and permission

granted, you can then grant permission and claim the people’s bounty through a consensus.

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ERC20 Tokens

Within the pimapay network, you can manage your ERC20 tokens based on Ethereum network by creating your ERC20 token wallets, store your tokens, send/receive and even trade your tokens with other currencies on our trading

portal. Most interesting of all, Pimapay gives you the opportunity to send directly your tokens to any local currency of your choice in any country.

For instance, John wants to send Ethereum to Mary who neither has Pimapay account nor Ethereum wallets, he uses the “Transfer” section which

helps him select the country (eg. Canada) and the currency (CAD) for which Marry will be receiving the funds. Johns send his ETH, while Mary receives the equivalent in CAD. Is that simple and fast.

Application Program Interface (API)

API Settings – These include API Keys, API secret pin, IP addresses, and limit. Also instructions on how to use API.

API Documentations – These include Merchant SCI (overview, order html form, return html form, IPN html form, pre-initialize form), Transaction API (Get transaction, Get balance, Make transfer, mass transfers), Vouchers API (Validate voucher code, bill a voucher)

Downloadable Plugins - (CMC commerce which include woo commerce, whmcs, drupal commerce, opencart, and many others)

Market ticker

Pimacoin API

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Pimapay Gateway

Send funds – internal/local (send funds to other Pimapay account owners/holders), Internationally/abroad (Send Pimapay fund anywhere in the world in any currency, option to send fund directly to a phone number or email address with or without Pimapay account)

Request funds – Ability to request Pimapay fund from other users/account holders, with an option of QR code for payment.

Funding requests – Track all fund request, with their status

Transactions – View all your transaction ranging from sent, received, exchanged and so on with status and ability to search for a specific transaction for proper record keeping.

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Pimapay Gateway Use Case

a. Send/receive from other users, locally and internationally to either account number, mobile number or email

a. Exchange with other currencies both fiat and cryptocurrencies

b. Can be used to purchase/generate vouchers

c. For purchase of payment of goods and services.

d. Expand your business by becoming Pimapay agent and credit/debit users who either need or want to withdraw their Pimapay to their various local currencies.

e. Use to purchase ads on the Pimapay portal and eliminating payment method difficulties while trying to run an ad for your business.

f. As an agent you convert your profits to pimapay from other currencies. When you execute local transfer services to users who either have or do not have account with pimapay.

Airdrop

At the end of every month, pimapay airdrops a percentage of the amount in the wallet (hoarded coins) of the user. This enables user to hoard more

pimacoin which leads to more stability of the system.

AML/KYC

In order to avoid illegal use of Pimapay platform or abuse of any form. It is important we know our valuable users. That is why a verification feature is been implemented. Verification includes ID, Passowrd, and Proof of address.

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Pimacoin Developing/creating Pimacoin and Pimapay platform as a whole is something with put our utmost and best effort in making sure it will becomes

successful. This project is been powered and funded 100% by us without any external fund, this is to make sure that we deliver as we have always wanted it to

be.

However, there are numerous interesting features we our core team are

yet to implement which can be found in our whitepaper of course of which pimacoin will be used, That is why we are giving everyone a unique opportunity to key in, purchase and own as many coin as possible. Pimacoin issue is now live

and we are giving everyone opportunity to partake during our asset issue period. Pimacoin will be the native token that will be used on Pimapay which is

powered by the blockchain technology.

Pimacoin Core use cases can be used for following services in Pimapay;

1. Bounty:

2. Trading

3. Exchange

4. Vouchers…

Pimacoin Permission Blockchain Pimacoin is a permissioned blockchain For both Admin and Miners. In this

regard, only permitted users are allowed to mine Pimacoin. To gain access simply requires requesting for permission by paying for bounty. This means only

User with Mining Permission or Admin permission can grant new users request to join.

For Mining Permission: Users who choose this category will be able to get or have a unique mining address which can be setup with a node to receive mining

rewards. Also, the user will be able to contest with other users with mining permission to receive rewards when granting new users permission.

Mine blocks. i.e sign metadata of Pimacoin transactions

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For Admin Permission: Users who acquire admin address will be able to

participate in all admin consensus activities

Admin will be able to grant permissions to new permission request from users and when consensus is reached, the admin is rewarded.

The Admin will be able to

i. Connect to other nodes. ii. Sign imputes of transactions iii. Appear in the outputs of transactions. iv. Sign inputs of transactions which create new native assets. v. Sign inputs of transactions which create new streams.

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Pimacoin Mining Pimacoin Mining: Mining is simply a way of generating/creating new coins. Pimacoin can be generated and this can be simple done with CPU or GPU by

deploying a node with no need for ASIC miner. Also Pimacoin provides the need for permission system, where miners will have to bounty for mining, and what a unique and interesting feature for those looking forward to start mining.

Pimacoin Specifications

1. Delegated Proof of Stake (DPoS) : - The consensus of the PMC platform is the Delegated Proof of Stake. Any Pimacoin holder has the ability to

deploy a peer instance on a local computer and/or a VPS, therefore becoming a part of the Pimacoin distributed network. As a reward for the support of the infrastructure of the network, the owner of the node (peer)

will receive a reward in PMC — commission for the transactions.

2. In total, there is 6.5 Billion Coins, 4.5 Billion is yet to be mined while 1.5 has been Pre-mined. 1 Billion to be initially distributed during ICO. The

remaining 500 Million will be reserved as a utility coin for upcoming pimapay feature.

3. Mining Reward and block time (50 Pimacoin to be generated every 5mins)

4. Units Per PMC 8 (100,000,000cligence = 1PMC)

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Summary

The cryptocurrency domain has evolved within the recent years, bringing into

fruition a great variety of sites with all sorts of cryptocurrency services, similar to

one another, and very limited in terms of functionality. However, the analysis of

the cryptocurrency users' behaviors has indicated that many of them are looking

for a unified medium allowing user to manage multiple crypto in one place, as

well as comprising the principles of the educational websites, the wallet

providers, the rankings and the exchanges.

Such a platform, compatible with multiple sites, products and services in relation

to cryptocurrencies, designed to perform various business deals can significantly

change the way most cryptocurrencies are operated at the present moment. The

paradigm shift initiated by innovations like Bitcoin, Ethereum and the DLT can

be taken a step further to boost the massive adoption of digital currencies, and

to stabilize the role of this pioneering market in the global economy by

providing a better user experience. This is why we present Pimapay Platform t

everyone. Pimapay aims to consolidate and gain the like-minded cryptocurrency

users (customers, merchants, enthusiasts, developers, businesses, startups,

investors, traders, etc.) on board around a user-friendly and intuitive platform

that can seamlessly integrate all the existing features under the same structure.

This platform comprises an exchange, rankings, merchant tools, a marketplace

and a venue for social networking, but of course is not limited to these functions

only.

Pimapay offers an entirely new customer and merchant experiences to its users,

who can be businesses and consumers at the same time. Pimapay allows

building further applications upon its foundation, and thus, growing and

expanding infinitely, driven by the customers’ demands and the rapidly-evolving

market. The customers of the Pimapay platform are people from all walks of life

with various needs and interests. Such a versatile community is a great source of

inspiration for the non-techie users willing to use cryptocurrency and to benefit

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from it in the long-run, and increasing the merchants’ conversion rates as they

grow in number.

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