What is PAPP?
Red Capital’s native token, PAPP is a distributed electronic protocol that eliminates the need for a third party when providing an anonymous promissory note service. Based on the latest technology (ZK-SNARK) and hybrid data structures, PAPP provides strong security against big data collectors and profilers for every transaction in the system.
Introducing the PAPP token
Total Supply: 210,000,000
Transaction tax: 0.2%
Coinstore.com Registration: January 13, 2022, 12:00 (UTC+8)
Filing time: January 12, 2022, 12:00 p.m. (UTC+8)
Withdrawal time: January 13, 2022, 12:00 (UTC+8)
What is PAPP’s Token Utility?
As a native Red Capital token promoting security and strong protection, PAPP has multiple use cases such as:
- Hide promissory notes into which users can deposit fixed denominations of digital currency and issue anonymous promissory notes
- Obtaining $PAPP when issuing promissory notes that can be used for profit sharing or administration
At the time of writing, one PAPP token has a value of around $3.4929~USDT.
A Closer Look at PAPP’s Tokenomics
- 10% tokens are allocated to the technology team (PAP Labs)
- 10% of tokens belong to the marketing team
- 5% tokens distributed for marketing communications
- 5% of tokens used in operations
- 70% of tokens are mined by users
For each trade, 0.2% tokens are distributed to PAPP holders in the form of profit-sharing smart contracts that will be shared once profits are generated.
Interested users are free to check out PAPP at Coinstore.com from January 13, 2022 and be part of this exciting project!
Official PAPP Channels
Website: https://www.redscalefund.org/index
Twitter: https://twitter.com/gelynmadz
Get PAPP on Coinstore.com: https://www.coinstore.com/#/spot/PAPPUSDT
Download the Coinstore.com application : https://www.coinstore.com
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