We live in an era where technology is gradually disrupting every facet of the economy including finance. Pivot among such technologies is the blockchain which for a while has been the trendiest trend in Fintech. Of late we have witnessed the recurring trends on blockchain where individuals and organizations join resources to create, renovate, or merely replicate existing technologies to bring about something new in the form of apps/dapps with which users can best manage their digital assets while at the same time saving them the stress and at times frustrations of dealing with conventional financial institutions (like banks). And right here is where Payrue comes in.
Features of Payrue Wallet App
The major features of payrue wallet app include:
- Wallet
- Exchanges
- Payrue invoicing
- Lending/borrowing
- Staking
- Propel
Payrue Invoicing
Another unique feature of the payrue app is the Payrue invoice service. This feature is particularly useful to freelancers. Payrue invoice is an invoicing service that enables freelancers anywhere to receive payments in cryptocurrency for jobs done. Without a doubt, this feature is put in place to bring about a mass adoption of cryptocurrencies which is the project’s core mission. This would save freelancers who wish to acquire cryptocurrencies the stress of having to manually convert their fiat earnings to crypto.
Lending/borrowing
The lending/borrowing service is a feature that would allow users to lend or borrow major cryptocurrencies such as BTC and ETH for very low interest.
Staking
Pàyrue also outlines a staking feature in its platform to encourage and reward its token holders. Pàyrue staking would be done with the propel tokens (PRPL) and the rewards would be paid out in propel tokens also.
Propel
As with most blockchain projects, Payrue has its own native currency known as Propel (PRPL). Propel token is built upon the stellar blockchain network. The major use case of Propel is to cover transaction costs and trading fees within the payrue exchange. It is also a reward trust token which would be used to reward loyal members on the platform.
Propel is presently tradeable at Latoken exchange with major pairs like BTC, ETH, USDT, and XLM. It can also be exchanged currently on Stellar-based decentralised exchanges while awaiting more exchanges and listings in the near future.
PayRue Wallet
Multichain Wallet
- Binance Smart Chain
- Ethereum
- Polygon
- Fantom
- Avalanche
PayRue Wallet is your digital asset wallet for transfers, swaps, staking and NFT collectibles
With PayRue Wallet you are in control of your private keys, easy access to transfer and swap over multiple blockchains and manage multiple tokens easily direct from mobile.
Your own Wallet for Crypto and NFT:
- Trade any token on BSC, Ethereum and Polygon direct from mobile
- Hold your NFT Collectibles close to you
- Control of your own private keys
Exchanges
Payrue project operates two exchanges namely: Propel DEX and Payrue DEX. Both are hybrid exchanges with decentralised wallets (which implies they make use of extensions like meta masks), but with centralised order books.
However, whereas Payrue DEX is built on the Ethereum Blockchain, Propel DEX is set up on the stellar Blockchain network. The exchanges enable users to exchange virtual currencies against one another at any time.
However, whereas Payrue DEX is built on the Ethereum Blockchain, Propel DEX is set up on the stellar Blockchain network. The exchanges enable users to exchange virtual currencies against one another at any time.
TOKENOMICS
Propel token has 10 billion total supply. Out of this 50% (5bn) are earmarked for distributed to users at various points through registration, bounties, referrals, etc. 15%(1.5bn) is to be shared among the project team members, while 35%(3.5bn) would be reserved by the team for general growth of the project in the future as well as for partnerships. Payrue has no ICO/IEO, but raised funds through crunchbase for its project. Its tokens are mostly given freely to users on sign-up/verification as well as through referrals. The project is currently distributing 2000 propel to each verified user on their mobile app. Yes, that means you can grab your 2000 propel right now once you download and sign-up on their mobile app, and successfully complete the kyc verification. The mobile app can be found on playstore as shown in the above screenshot.
Payrue has also scheduled token burning events which would occur every first day of each quarter of the year.
This is what I can say in this article. If you need accurate and reliable information, you can visit their official link, which I have provided below:
Website: https://payrue.com/
Telegram group: https://t.me/payrue_global
Facebook: https://www.facebook.com/payrue
Twitter: https://twitter.com/pay_rue
Instagram: https://www.instagram.com/payrueofficial
Reddit: https://www.reddit.com/user/payrue
Discord: https://discord.com/invite/6XR9v7Wydw
Forum: https://forum.payrue.com/
Github: https://github.com/payRueOrg
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1011291
BSC addresses: 0xBd706dD25c38c5502DbB2B254bFA6bbD54b8F8d3
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