1

2

TABLE OF CONTENTS

EXECUTIVE SUMMARY ..................................................................... 3

MISSION & VISION OF PAYFBIT ECOSYSTEM ................................. 6

CRYPTO ASSETS MARKET PROBLEMS & ROADBLOCKS ................ 7

OVERVIEW OF PAYFBIT ECOSYSTEM ............................................ 11

PAYFBIT TRADING EXCHANGE...................................................... 13

PAYFBIT P2P EXCHANGE ............................................................... 18

PAYFBIT WALLET ............................................................................ 22

PAYFBIT SMART CARD ................................................................... 25

HIGH-END SECURITY RINGFENCING ............................................ 27

PAYFBIT OVERALL GROWTH FORECAST ...................................... 31

PAYFBIT ROADMAP ....................................................................... 32

PAYFBIT TOKENOMICS & FINANCIAL OVERVIEW ....................... 37

PAYFBIT TEAM ................................................................................ 41

MARKETING STRATEGY ................................................................. 44

DISCLAIMERS & RISK ..................................................................... 45

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  EXECUTIVE SUMMARY

PayFbit is a Global Fintech company developing a smart blockchain-powered ecosystem to manage all your Digital Asset needs – Crypto and Fiat. PayFbit optimizes payments and allows you to use crypto assets for everyday purchases. By doing this, it provides great solutions to real-world financial problems through a unique blockchain-based ecosystem, which utilizes crypto assets as the primary financial instrument. PayFbit is here to enable users to enjoy the benefits of crypto assets to the fullest.

Crypto-assets have expanded exponentially since their inception in 2009, with the total crypto-assets market capitalization crossing $830 billion in 2018 at its peak. According to CoinMarketCap, there are more than 6,250 crypto-assets in existence today, and they are traded on over 320 crypto-asset exchanges worldwide.1

The popularity of crypto-assets is spreading faster than ever, given its propensity to deliver incredibly high returns on investment. Their regular coverage by media outlets has helped in increasing awareness and making it mainstream. This has led to more debates and speculations on the assets and resulted in sky-high trading volumes.

1 https://coinmarketcap.com

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The PayFbit Ecosystem consists of 4 key products:

PayFbit Wallet

Send, Receive & store crypto assets in a secure decentralized manner. The PayFbit wallet arrives with several integrations to enhance productivity and convenience.

PayFbit P2P Exchange

Eliminate the middlemen from the transaction and control your privacy. The PayFbit P2P exchange allows you to exchange cryptos directly with the counterparty.

PayFbit Wallet

BUY

SELL

PayFbit Trading Exchange

PayFbit Smart Card

PayFbit P2P Exchange

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PayFbit Exchange

Venture into the lucrative sector of the cryptosphere with a highly secure, fast, and user-friendly trading exchange where you get access to the best currency pairs and trading options.

PayFbit Smart card

Simplify the way you pay! The PayFbit smart card is a novel solution that enables you to discover your crypto assets’ full potential.

To develop this ecosystem, PayFbit has launched an ICO with Softcap of $2 million and a Hardcap of $ 22 million. PayFbit is proud to present the unique PFBT utility token, which is built using the ERC-20 standard and is powered by the most popular blockchain platform, Ethereum.

This way, participants can leverage our unique smart ecosystem and four stellar products to use cryptocurrency for their everyday transactions. Thus, making the PFBT token a valuable asset that possesses high utility and demand in the market.

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 MISSION & VISION OF PAYFBIT ECOSYSTEM

We plan to provide a one-stop payments and assets management platform that is highly secure, reliable, and flexible. It offers individuals multiple use cases allowing them to spend crypto-assets in different forms and at various avenues. For us, a key area of interest is to empower the public to use crypto-assets as mainstream financial instruments and provide potential users with an easy-to-understand method of making transactions using blockchain technology.

PayFbit aims to develop and launch a holistic ecosystem that consists of a Wallet, Cryptocurrency Exchange, P2P Exchange, and Smart Card. The combination of these products will help bridge the gap between the cryptosphere and the real world. It achieves this by enabling users to utilize their crypto-assets to settle day-to-day transactions using their mobile devices. This convenience will also help in making cryptocurrencies go mainstream faster.

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  CRYPTO ASSETS MARKET PROBLEMS & ROADBLOCKS

The major problem affecting the cryptosphere is the lack of integrated applications that allow users to use crypto-assets flexibly as a mainstream financial instrument. This obstacle inhibits widespread adoption and growth in the market. Many crypto-assets were released as a peer-to-peer electronic cash system, but they did not enjoy much success as they are simply exchangeable assets. This is why many crypto-assets are locked in exchanges, waiting to be utilized instead of fiat currency. The introduction of integrated applications promises to transform the way we make payments every day and usher in greater flexibility to our day-to-day lives.

Initially, crypto-assets picked up widespread implementation as it was mainly treated as an investment vehicle. However, once the investment saturation point hit, the need for adoption rose along with the requirement of third-party applications that enabled users to spend and manage their crypto-assets. Currently, the cryptosphere is tackling this challenge, and PayFbit is developing a unique ecosystem that helps remove this roadblock. PayFbit's solution can potentially help address the real market problem and offer a more accessible way for individuals to purchase and spend digital assets. Most users, even those belonging to the new, tech-savvy generation, are interested in this technology, but they have no idea how to buy and use crypto-assets. At the same time, they are worried about the security of the systems they use.

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According to a survey by CreditCoin and a news report by Bitcoinist, “75 percent of cryptocurrency holders would spend their coins in Point-of-Sale (PoS) transactions if they could.”2 The same report suggests that “40 percent haven’t bought because it’s ‘too difficult.’”

Thus, there is an immense need for an easy, secure, flexible, convenient, and multipurpose payment ecosystem for crypto-assets providing a bridge between fiat currencies and allowing users to purchase goods or services at the same level of convenience offered by cash and credit systems. Additionally, blockchain technology lends the decentralized nature of crypto-assets, which makes it a secure alternative as the world heads into the next financial revolution.

2 https://bitcoinist.com/merchants-accept-cryptocurrency-survey/

The PayFbit ecosystem helps solve existing market problems

ATM

Utility Bills

BankAccounts

PaybitWallets

(Merchants)

OnlineShopping

ExternalExchanges

PAYBITECOSYSTEM

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At present, crypto-assets are at a nascent stage when it comes to the way finances are spent, managed, and transferred globally. The enablers of new processes, services, and products are required to absorb crypto-assets as mainstream and in the process change our present understanding of money.

Even though the purchase and exchange of crypto-assets for personal use is becoming easier, there are still significant amounts of improvement required when it comes to the ease-of-use and flexibility of using crypto-assets in day-to-day transactions.

Crypto-assets and blockchain technology, together, are transforming the way people view the economy and the financial sector. We are gradually leaving behind the comforts of fiat money and moving towards an economy of utilities.

As of 6th August 2020, CoinMarketCap listed more than 320 exchanges and reported a total 24-hour volume of $89 billion involving thousands of coin trading pairs.

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Presently, there are three types of exchanges:

►  Trading Platform/Exchange: This is a website that connects buyers and sellers. It charges a fee on every transaction. Examples include Binance, Bittrex, Poloniex, Huobi, Okex, Hitbtc, etc.

►  P2P/Direct Trading: These are platforms that enable direct person-to-person trading. It grants greater autonomy to individuals, thereby allowing them to set their own prices. Examples include LocalBitcoins, WazirX P2P, IDEX, etc.

►  Brokers: These are third-party agents that deal with crypto-assets and allow users to buy or sell coins or tokens at a price set by them. Examples include Coinbase, Bitcoin Trader, ShapeShift, eToro, Coinmama, etc.

In order to facilitate seamless transactions in the cryptosphere, there is a need for a one-stop ecosystem that can provide participants with high flexibility and allow them to use crypto-assets as their primary financial instrument.

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  OVERVIEW OF PAYFBIT ECOSYSTEM

This ecosystem is designed to bridge the disconnect existing between fiat and crypto-assets with the mindset of making the lives of users easy. Crypto-assets provide great solutions to real-world financial problems. Very little has been done to help implement this technology in the mainstream. PayFbit is here to enable users to enjoy the benefits of crypto assets.

The PayFbit ecosystem comprises of below-mentioned products:

► PayFbit Wallet

► PayFbit Trading Exchange

► PayFbit P2P Exchange

► PayFbit Smart Card

The entire PayFbit platform enables users to send, receive, and securely store digital assets. The users retain complete control over their crypto-assets and PayFbit employs a variety of trusted software and API integrations to enhance the platform functionalities and user experience. When compared to traditional financial services, PayFbit uses blockchain to store user funds in a decentralized and encrypted format.

PayFbit Wallet takes tested market values and combines them into a single application, making for an exciting and easy-to-use platform. Our wallet provides live price tracking of multiple crypto-assets with real-time portfolio management tools. Options are available to send and receive funds based on account information or public keys. Our platform will allow users to seamlessly manage their digital asset

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and keep track of their spending habits. Our mobile and desktop application will use all security features implemented throughout the entire project and provide the safest assets storage platform in the market.

PayFbit Exchange is a real-time exchange designed to execute highly secure transactions, thereby allowing customers to trade crypto-assets with ease and confidence. The Exchange is going to be integrated with the PayFbit Wallet and is open to other altcoin listings to bring larger volumes of assets trading to our platform.

Similarly, our P2P Exchange aims to give users comfort and security with high ease and freedom by not involving direct banking into exchange platforms.

PayFbit Smart Card will provide complete flexibility to users and simplify the way they pay! The PayFbit Smart Card is a novel solution that helps users explore the true potential of their crypto assets.

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  PAYFBIT TRADING EXCHANGE

The instant real-time exchange, along with the PayFbit Wallet, will make it appealing to both new users and skilled veterans alike. Pay-Fbit wallet has modeled our native exchange from existing and suc-cessful business models while integrating new and improved security features.

Our goal is to connect the world by making it easy to exchange and trade one crypto-asset for another, in a secure and timely manner. The exchange plans to implement user feedback surveys to update and add new features to end user stratification and attract new traders. Trading will be easy for individuals and institutions, as they know that their crypto assets are safe with our multi-level security cold wallet, which aims to prevent an in-house catastrophe or external influence.

Trading Exchange Features:

► Fiat Money Support

► User- Friendly CMS

► AML Integration/KYC

► Multiple Currency Pairing

► Integrated Wallet

► Referral Program

► Marginal Trade API

► Wide range of instruments or trading

► Multilingual Support

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► Discounts & Bonuses to PFBT Token holders

► Initial Exchange Offering (IEO) launchpad.

► 2 Factor Authentication

Some of the special features available on the PFBT exchange include:

► Upgraded Staking and Lending Features

► Perpetual Swaps

► Liquidity API

► Basic, Advanced and Pro Trading Interfaces and lot more.

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Security Features

Exchange Wallet Security

PayFbit plans to integrate Identity-Based-Multi-Signature (IBMS) schemes along with Rivest–Shamir–Adleman (RSA) encryption algorithms. RSA is an exceptionally secure algorithm because it utilizes large integers derived from two random prime numerals. The key size generated is also lengthy, thereby adding to its security.

PayFbit employs multiple layers of security protocols to verify transactions

To rule out the possibility of a system failure and to enable users to retrieve their funds securely, PayFbit plans to routinely update essential information on the Wallet Backup Server. Here details such as addresses, spending outputs, transaction information, and more will be uploaded. This information can be used to restore access to wallets.

Key ManagementAPI

Wallet Service

DEK

CERTIFICATEAUTHORITY

KEY ENC. KEY

DATA ENC.KEY

Secure TLS Connection

Decrypt

Verify CertificatesDEK Retrieval Request

DEK

KEY MANAGER

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Multi-Signature Ability

PayFbit Crypto Exchange plans to use multi-signature scheme capability (2-of-2) to deliver better protection to the user and their funds.

Every transaction occurring on the platform will require multiple signatures in order to complete the verification process.

Additionally, PayFbit intends to store the user's encrypted private keys on a secure storage and can be used whenever the user requests fund withdrawals.

FULLNODE

VM

BACKUP VM

FULLNODE FULLNODE

WALLET-BACKUP-SERVER

ENCRYPTION KEY

ENCRYPT

ENCRYPTEDKEYSTORE

VIRTUAL KEY MANAGER

FIREWALL

PayFbit routinely backs up essential data on the Wallet Backup Server

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User’s encrypted private keys(Default Keys)

Exchange key(Operational Keys)

Transaction co-signedautomatically by the

exchange key

Transactions

User’s default keys shall beloaded from secure storage

if user intends to do anasset withdrawal

Transactions will be verified automatically using the private keys as well as another layer involving the secure exchange key, also known as Operational Key, once the user authenticates the transaction using 2FA.

Multi-signature function further enhances the security of the PayFbit users

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  PAYFBIT P2P EXCHANGE

PayFbit P2P exchange is a decentralized exchange that is maintained and operated exclusively on a blockchain-powered platform. This will allow users to transact without involving intermediaries on exchange platforms, giving users complete freedom to use crypto-assets where bank-based crypto-asset transactions are restricted. In the PayFbit P2P exchange, orders are directly matched when a buyer finds the preferred seller without a middleman's involvement. This trading method is exceptionally secure, time-saving, cost-effective, and risk-free.

Advantages of P2P Exchange

► Easily to use

► Cost-effective

► Reduce Risk

► Secure channel

► Worldwide transaction provision

A peer-to-peer transaction consists of two parties having data related to each other. Instead of using an order book to pair buy and sell orders, and controlling the traders’ funds on the trading platform, the P2P crypto exchange model enables the market participants to trade directly with each other. There is also no need for a third-party intermediary to verify their transaction or hold funds in escrow.

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P2P Exchange Features:

► Powerful Matching Engine

► Multi-layer Security

► Instant KYC and AML Verification

► Escrow System

► Atomic Swap

► Dispute Management

► Preferred Trader Selection

► Admin Panel

► Multi- language Support

How P2P Crypto assets Exchange works

► Users (Buyers and Sellers) register on a P2P exchange platform

► Users undergo KYC verification process

► Buyer places a buy order

► A wallet address is created for the Buyer

► The matching engine matches the Buyer with the right Seller

► The buyer and seller confirm and agree on the terms of the trade

►  Smart contract-based Escrow holds Seller’s crypto assets to be sold

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► Buyer makes the payment for crypto assets to be purchased

► The seller confirms the payment

►  Escrow releases crypto assets, transferring the same to Buyer’s wallet address

► Buyer can transfer the assets to cold wallet

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Why is the PayFbit Exchange the Best?

Comparative analysis of crypto assets exchanges for the implementation of certain options, which the PayFbit team considers important in achieving maximum functionality, speaks for itself. The table clearly demonstrates the fact that the existing services are far from fully satisfying traders’ demands. Nevertheless, any crypto exchange of the 21st century should meet them entirely. The company that implements the options mentioned below will become one of the market leaders. This is an undoubted chance for the PayFbit team.

Fiat Deposit

Fiat Withdrawal

Staking-based profit sharing

Referral system

Referral exchange

Open chatBox for traders

Leveraged trading

24/7 support

Voice ID to log in

Face ID to log in

Futures contract trading

OTC-Trading

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  PAYFBIT WALLET

Crypto-assets offer the ability to execute truly global transactions and promises a promising future. At PayFbit, we strive to implement the usage of crypto-assets internationally and be the main driving force behind a superior and robust financial system. Our objective is to replace traditional debit and credit card transactions with our dedicated mobile application, which will allow users to function as their own crypto assets bank. Substituting our low-cost, high-speed crypto assets technology for traditional banking allows us to tap into the mobile money market. We take security very seriously. Therefore our platform's security features and ease-of-use will allow us to move into high-end retail and more regulated markets.

PayFbit Wallet Key Features:

► Buy crypto with your card directly from wallet

► Fast transactions

► Multi-coin and multi-asset

► Cross- Platform Compatibility

► QR Code Scanner

► NFC (Near Field Communication Support)

► Easy Portfolio Management

► AML/KYC Integration

► Atomic Swap

► Send crypto and stable coins to your friends and family

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► Exchange crypto-to-crypto by market price

► Request money and send invoices to your customers

►  Using international payment systems, SEPA OR SWIT to purchase crypto

► Earn with us! PFBT referral system for you and your friends

► Business account and merchants, online services and apps

► Multi-platform solution with mobile apps and messengers’ bots

► High level cyber security PCI/DSS compliant

► 2 factor authentications

► Private keys on your side

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Why is the PayFbit Wallet the Best?

BRANDSECURITY RATING

ANONYMITY EASE OF USE EXTRA FEATURES

PayFbit HIGH HIGH EASY

TRANSACTION, ECOMMERCE,

CRYPTO-TO-FIAT, & MORE

Ledger Nano X HIGH HIGH AVERAGE NONE

Trezor Wallet

HIGH HIGH AVERAGE NONE

Kriptomat MEDIUM MEDIUM EASY TRANSACTION

Bitpanda LOW LOW EASYTRANSACTION, ECOMMERCE

Luno Wallet LOW LOW EASY NONE

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  PAYFBIT SMART CARD

PayFbit Smart Card is a unique service that provides both physical as well as virtual cards. These can be used to secure online and offline purchases. Linked to the PayFbit Wallet, the user can utilize their existing funds when using the card. The card does not charge any monthly or annual fees, as well as FX fees. Through the card, users can spend their PFBT tokens for online and offline transactions. Additionally, they can use their PFBT tokens at Point-of-Sale terminals of over 40 million merchants worldwide.

If you are from a country that does not support crypto debit cards, you are in luck with the PayFbit prepaid debit card.

Using the PayFbit Smart Card, you can purchase products online and offline. You can also withdraw funds from ATM around the globe using the PayFbit Smart Card.

Features of PayFbit Smart Card:

► Freeze and Unfreeze your card with a single tap.

► Create free virtual cards for online purchases

► Cashback on all purchases

► Payment in local currencies

► View your Pin and change it at any ATM

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Why is the PayFbit Smart card the Best?

BRAND ANONYMITY PREPAID TOP UP

INITIAL COST

MONTHLY FEE

ATM FEES

OVERALL FEES

PayFbit HIGH AVAILABLE $0 $0 $0 0%

Wirex EUR MEDIUM AVAILABLE €0 €1.20 €2 0.92%

TRASTRA MEDIUM NOT AVAILABLE €9 €1.25 €1.5 1.725%

CryptoPay EUR MEDIUM AVAILABLE €15 €1 €2.25 2%

Monaco Ruby Steel

CardLOW AVAILABLE $0 $0 $0 0.3922%

Paycent USD MEDIUM NOT

AVAILABLE $140 $0 $0 0%

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 HIGH-END SECURITY RINGFENCING

The rise of crypto assets exchanges and platforms over the past few years displays the growing interest in the market. The increase in footfall has been so massive that it has forced large players to temporarily suspend registration as they needed to expand their server and security infrastructure. However, most of the new projects entering the market are unfinished and do not possess the requisite security features.

Of late, there has been a steady increase in the number of exchanges getting targeted and becoming victims of breaches or thefts. Ultimately, it is the user who suffers as they lose access to their funds. Moreover, they cannot recover their funds as these platforms shut down operations without any intimation. While most platforms are switching to secure protocols, it takes a toll on transaction speeds and record verification, which negatively impacts the user experience. Several users also opt to store their funds on offline cold wallets as they are highly secure. However, this method arrives with additional procedures and fees to retrieve the funds. As interest and investment in crypto-assets are on the rise, there is a need for simpler and easier ways to purchase these assets. At present, not many companies exist that allow the seamless purchase of crypto-assets with fiat currency using bank transfer or credit cards—options that do exist burdens the users with long wait times, hidden fees, and other complications.

Risk of hacking, loss of funds, hidden fees, slow transaction speeds, problems with account, and other factors impact the user's experience. PayFbit aims to address these existing problems by developing and launching a secure, reliable, and easy-to-use platform. Additionally, we plan to focus on extending transparent services by making essential

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information available to the users. PayFbit intends to also utilize a portion of the ICO funds and platform revenues to perpetually update and enhance the security. PayFbit aims to stay on top of the security changes in the ever-evolving cryptosphere. Initially, the following security protocols will be implemented by PayFbit to guarantee a secure and safe experience to all our users:

Cold Storage Features

The PayFbit platform employs a reliable network of cold wallets to store user funds securely. Cold wallets are highly secure methods of storing crypto-assets as they generate private keys offline.

Multi Signature Implementation

The Pay-To-Script-Hash (P2SH), popularly known as Multi-Signature Implementation, is a crypto wallet protocol requiring several private keys to complete transactions. The complex process eliminates the chances of a single point of failure as it records private keys on multiple devices. It can be understood as a two-factor authentication module for crypto wallets.

Google 2FA Authentication

This is a software-based authentication method that issues a token to complete the two-step verification process. The One-Time Password (OTP) is generated using the HMAC-based OTP algorithm, and it should be submitted before the time limit expires.

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SMS Authentication

This is another two-factor authentication format that will be employed by PayFbit. An SMS containing a One-Time Password (OTP) will be sent to the user wishing to access their account or execute a transaction. The user needs to submit the latest OTP they receive to complete the verification process.

Biometric Authentication

Current smartphones use multiple sets of biometrics that work as an alternative to the traditional PIN-based passwords. PayFbit plans to use these Biometric authenticators to verify user movement and transactions on the platform accurately.

BIP32 Financial Privacy

This is a Bitcoin-based protocol that generates multiple addresses from a single-source seed. It is also known as the Hierarchical Deterministic Wallet or simply HD Wallet. It exercises a regular rotation of the public key, thereby making it difficult to track and target a particular user's transaction history available on the public blockchain.

PCI DSS Implementation

The Payment Card Industry Data Security Standard (PCI DSS) is an industry-standard firm that manages payments involving major credit card brands. The card brands ratify the PCI Standard rules and decide the different parameters that need to be controlled in order to reduce fraud. PayFbit plans to only employ servers and third-party software that is compliant with the PCI-DSS standards.

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TLS 1.2 / SSL 3.0

This is an industry-standard protocol that is geared towards the protection and privacy of information transmitted over the Internet. TLS 1.2 enables client and server applications to identify and reduce security risks that include data tampering, impersonation, and interception. SSL 3.0 applies encryption technology that is employed to protect Web traffic using the HTTPS protocol.

ISO 27002 Information Security Standards

The PayFbit ecosystem aims to be a platform that is ISO 27002 Information Security Standards compliant on launch. ISO 27002 is the standard for Information Security Management, and it is a part of the ISO 27000 family of standards, which helps corporate entities keep information assets secure and safe.

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 PAYFBIT OVERALL GROWTH FORECAST

Completion of P2P Exchange

Token Listing on Public Exchanges

Completion of PayFbit Exchange

Completion of PayFbit Smart Card

Creation of multi-currency wallet,Web-based

Completion of the development ofDigital Wallet for iOS and Android

Merchant Services Launched formulti-currency wallet

PayFbit Crypto Wallet, Smart Card &Exchange Services Promotion

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 PAYFBIT ROADMAP

The PayFbit platform is an established business with ready-to-launch products. To expand our operations and decentralize our business model through blockchain, we have devised a solid plan and an ambitious roadmap driven by an expert team as we position ourselves to expand globally. Our ability to rapidly deploy a solution once the technology has been developed makes our financial goal more achievable.

2018

Q1

  The innovative co-founders decided to develop & launch their own crypto payment solution

  The concept is finalized based on in-depth market analyses

Q2

  Registration of the company completed (May 2018)

Q3

  Concept framework planning begins in consultation with experts

  Team hiring.Q4

  PayFbit Crypto Exchange feature design and planning begins

  PayFbit Crypto Wallet feature design and planning begins

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2019

Q1

 Team onboarding in progress

 ICO Framework planning begins

  PayFbit Smart Card planning begins

  Crypto Exchange MVP framework completedQ2

  Crypto Wallet MVP framework completed

  Legal compliance of the developed framework begins

  ICO framework completed

Q3

  ICO Website development begins

  Wallet multi-integration, tie-up structure planning begins

  Payment system interconnectivity planning begins

Q4

  ICO Website development completed

  Whitepaper development begins

  ICO Wallet integration completed

  Legal compliance completed

  Bounty and Referral Programs developed on the ICO portal

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2020

Q1

  Whitepaper development completed

  Public announcement by Press Release

 Bounty Program launched

Q2 and Q3

  Smart Contract development completed

  Smart Contract auditing completed

  Private/Pre-ICO sale closed (July 2020)

  ICO Crowdsale goes live on ERC-20 platform (Aug 2020)

    Round 1 - Aug 2020

   Round 2 - Sept 2020

Q4 ICO Crowdsale ongoing

   Round 3 - Oct 2020

   Round 4 - Nov 2020

   Round 5 - Dec 2020

  ICO Crowdsale closed on ERC-20 platform (Dec 2020)

  Token listing on public exchanges (Dec 2020)

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2021

Q1

  Crypto internal exchange mainframe development begins

  Exchange ecosystem readiness and hosting completed

  User acceptance testing for crypto exchange completed

  Beta version of crypto internal exchange launched

  Internal exchange with complete features launched for users

Q3

  PayFbit Smart Card development begins

  Payment gateway integration begins

  Crypto Web Wallet platform development begins

  Crypto Wallet Mobile Application development begins for Android & iOS platforms

  Multi-currency compliance for Crypto Wallet begins

  ATM withdrawal feature development begins

Q2

  P2P Exchange development begins

  P2P Exchange hosting readiness completed

  User acceptance testing begins for P2P Exchange

  Beta version of P2P Exchange launched

Q4

  Fiat currency handling solution readiness

  Crypto Wallet features testing begins

  Merchant handling module (Online Shopping and Utility) development begins

  Crypto Wallet integration with banking gateways

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2022

Q1

  Multi-currency, fiat-handling solution completed

  Payment gateway integration, ATM withdrawal, and Merchant integration module completed

Q2

  Beta version of Crypto Wallet launched

  Crypto Wallet Platform launched globally with all features for Web and Mobile platforms

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 PAYFBIT TOKENOMICS & FINANCIAL OVERVIEW

TOKEN NAME

TOKEN SYMBOL

TOKEN TYPE

TOTAL TOKEN SUPPLY

TOKENS FOR SALE (63%)

PRE-ICO TOKEN PRICE (in USD)

ICO TOKEN PRICE (in USD)

SOFTCAP

HARDCAP

ICO START DATE

ICO END DATE

PayFbit Token

PFBT

ERC-20

310,000,000 PFBT (310 Million)

195,300,000 PFBT (195.3 Million)

$0.05

$0.10 to $0.20

$2,000,000 (USD 2 Million)

$22,000,000 (USD 22 Million)

12/08/2020 (12 August 2020)

31/12/2020 (31 December 2020)

TOKEN DETAILS

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TOKEN ALLOCATION

CATEGORY PERCENTAGE ALLOCATION

ICO CROWDSALE 45% 139,500,000

CO-FOUNDERS, MANAGING PARTNERS 10% 31,000,000

PRIVATE/ PRE-ICO SALE 18% 55,800,000

BOUNTY PROGRAM 7% 21,700,000

DEVELOPMENT TEAM 3% 9,300,000

ICO ADVISORS 10% 31,000,000

FOR FUTURE DEVELOPMENTS 4% 12,400,000

LEGAL ADVISOR 3% 9,300,000

TOKEN ALLOCATION

45%

10%

18%

7%

3%

10%

4%3%

ICO CROWDSALECO-FOUNDERS, MANAGING PARTNERSPRIVATE/ PRE-ICO SALEBOUNTY PROGRAMDEVELOPMENT TEAMICO ADVISORSFOR FUTURE DEVELOPMENTSLEGAL ADVISOR

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FUND DISTRIBUTION

CATEGORY PERCENTAGE

DEVELOPMENT & GROWTH 40%

MARKETING & BRANDING 20%

HIRING SUBJECT SPECIALISTS & TEAM BUILDING 10%

BOUNTY PROGRAM 2%

RESERVE FUND 10%

ADMINISTRATIVE, LEGAL, & LICENSING 10%

TEAM FOUNDING 8%

40%

20%

10%

2%

10%

10%

8%

FUND DISTRIBUTION

DEVELOPMENT & GROWTH

MARKETING & BRANDINGHIRING SUBJECT SPECIALISTS & TEAM BUILDINGBOUNTY PROGRAM

RESERVE FUNDADMINISTRATIVE, LEGAL, & LICENSINGTEAM FOUNDING

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SMART CONTRACT

The smart contract related to the PayFbit ICO has been made public and can be viewed by everyone.

► Smart Contract Address: 0x0c2a6b0b824c2e0a910d8f7db753f9edf607cc40

► View on Etherscan: https://etherscan.io/token/0x0c2a6b0b824c2e0a910d8f7db753f9edf607cc40#code

► View on GitHub: https://github.com/payfbit/PayFbit-ICO-Contract

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KAMAL WADHWACEO & Co-Founder

He is a smart innovator and strategist with corporate experience of around 14 years with different reputed multinational companies. He has an in-depth understanding of Investments, Portfolio Management, and Derivatives Trading for Equity in NSE and crypto-assets.

RAUNAK TOMARCo-Founder

With over 15 years of experience in marketing and promoting overseas education worldwide, and representing various higher educational establishments globally, he is an experienced academic consultant and career counselor working with a mission to help students achieve their international academic aspirations and goals. Founder of Right4U Consultancy Since 2014, Raunak has shown interest in Blockchain Technology, Bitcoin, alternative crypto-assets, and strongly believes in the adoption of decentralized economy and Artificial Intelligence. He has since become involved in the industry as a full-time crypto-assets and blockchain technology enthusiast. He is also a private venture investor in blockchain technology startups and a crypto-assets trader. He possesses strong communication skills and is well known for his educative and informative analysis of the alternative crypto-assets, gold, silver, Bitcoin, and Ethereum.

PAYFBIT TEAM

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HARVINDER SINGH AYEDEECo-Founder

Possessing an experience of 10 years in Finance and Investments, and 25 years in Property and Facilities management with BBC, he is a top property portfolio owner. Currently, he is a technology enthusiast with an interest in Blockchain and crypto-asset. Having been involved in crypto-space since 2012, he believes that we are in a new era of FinTech evolution that is driven by innovative blockchain solutions. Digital assets are the future, and a new monetary system is inevitable, which will involve Crypto Assets.

IMRAN RAHMANCTO

Technology Lead, Software Architect, Full Stack Engineer, Blockchain Evangelist, and Ethereum Smart Contract Developer with over 12 years of experience in software development and front end technologies. He has worked as the Main Architect and engineer of many complex enterprise-grade web applications.

CAL EVANSLegal Advisor

Cal is Managing Associate of Gresham International, an UK & Ukrainian lawyer and US Securities Consultant with experience working in top law firms in both California and London.

Cal undertook advanced IT at a junior college and received the top AVCE recognition award before undertaking his undergraduate degree in law. Cal passed law school in England, specializing in business and corporate law. In 2015 Cal undertook his certificate in financial markets with Yale.

Cal is considered one of the leading individuals on Crypto assets and Crypto Raise Compliance. Few people have the technological, legal, and financial expertise needed to tackle the crypto-assets market, and Cal certainly is one of them. He has experience working with companies across the globe, including some of the largest tech companies during his time working in California.

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PASCAL VAN KNIJFFAdvisor

With over two decades of experience in the EU and the USA, as Executive, Consultant, Trainer, and Int. Speaker, Pascal has gained expertise in diverse fields. He successfully consulted and or held senior positions in Software, Big Data, Fintech, Blockchain, Financial Services, Consumer goods, Health, Beauty & Leisure, Media, Fashion, Retail, Education, and NfP organizations. Armed with this hands-on and proven expertise, Pascal helps organizations and companies build solid Blockchain and Paytech value propositions and businesses and strategically empowers them with the time, talent, technology, and treasure needed to propel initiatives to the next level!

Pascal is the founder of the Future of Trust BV and a founding member of the Digital Technology Foundation and serves one of the fastest-growing news portals and media networks, as their CSO. Additional industry successes include serving as a founder of a blockchain educational academy in addition to serving as chairman of a next-generation blockchain. Pascal is also building Next-generation PayTech propositions with the team that has pioneered contactless payments and empowered one of the world’s largest and most well-known payment solutions, and he recently co-founded a Dutch AI startup.

In November 2019, after a successful two-year tour of many keynote engagements across the globe, Pascal was selected by the European Union as their master of ceremony for their inaugural global Blockchain and Next-Generation Technology.

AMMAD SIDDIQUILead Developer

He is a Full-Stack fintech developer with extensive experience in banking and finance, blockchain and crypto domain. He has worked not only on development but also on the improvement and architecture design of a wide range of complex financial IT systems. He is well versed in creating smart contracts for decentralized applications.

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 MARKETING STRATEGY

PayFbit plans to utilize a portion of the ICO funds to execute marketing campaigns on different platforms targeting audiences in the cryptosphere as well as the traditional financial sector. The motive behind these activities is to raise awareness about the products and increase user engagement.

The key mediums of marketing will be FACEBOOK, YOUTUBE, TWITTER, REDDIT, and other popular SOCIAL MEDIA outlets.

Parallelly, PayFbit aims to organize bounty and referral programs that will incentivize individuals to participate. PayFbit has set allocated tokens for these events, and they will be payable to bounty hunters and affiliates who abide by our guidelines and regulations. Please stay updated through our social media channels and official website for information regarding the release of specific bounty programs.

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 DISCLAIMERS & RISKPLEASE READ THIS DISCLAIMER SECTION CAREFULLY. IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVISOR(S).

The information set forth below may not be exhaustive and does not imply any elements of a contractual relationship. While we make every effort to ensure that any material in this white paper is accurate and up to date, such material in no way constitutes the provision of professional advice. PayFBit Token does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, or completeness of any material contained in this white paper. Investors and potential PayFBit token holders should seek appropriate independent professional advice prior to relying on, or entering into any commitment or transaction based on, material published in this white paper, which material is purely published for reference purposes alone.

PayFBit tokens will not be intended to constitute securities in any jurisdiction. This white paper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. PayFBit does not provide any opinion on any advice to purchase, sell, or otherwise transact with PayFBit tokens and the fact of presentation of this white paper shall not form the basis of, or be relied upon in connection with, any contract or investment decision. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of PayFBit tokens, and no cryptocurrency or other form of payment is to be accepted on the basis of this WhitePaper. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of PayFBit tokens, and no cryptocurrency or other form of payment is to be accepted on the basis of this WhitePaper.

This PayFBit White Paper is for information purposes only. We do not guarantee the accuracy of or the conclusions reached in this white paper, and this white paper is provided “as is”. This white paper does not make and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title or non-infringement; (ii) that the contents of this white paper are free from error; and (iii) that such contents will not infringe third-party rights. and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this white paper or any of the content contained herein, even if advised of the possibility of such damages. In no event will team PayFBit or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special for the use of, reference to, or reliance on this white paper or any of the content contained herein, including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses. PayFBit makes no representations or warranties (whether express or implied), and disclaims all liability arising from any information stated in the white paper. In particular, the “Roadmap” as set out in the text of the white paper is subject to change, which means that PayFBit

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is not bound by any representations to the future performance and the returns of PayFBit. The actual results and the performance of PayFBit may differ materially from those set out in the PayFBit White Paper.

Please note that contents of PayFBit white paper may be altered or updated at any time in future by the project’s management team. The Whitepaper has been prepared solely in respect of Initial Coin Offering of PayFBit tokens. No shares or other securities of the Company are being offered in any jurisdiction pursuant to the Whitepaper. The Whitepaper does not constitute an offer or invitation to any person to subscribe for or purchase shares, rights or any other securities in the Company. The shares of the Company are not being presently offered to be, registered under Securities Act of any country, or under any securities laws of any state. the tokens referred to in this whitepaper have not been registered, approved, or disapproved by the us securities and exchange commission, any state securities commission in the united states or any other regulatory authority nor any of the foregoing authorities examined or approved the characteristics or the economic realities of this token sale or the accuracy or the adequacy of the information contained in this white paper under, the US. Securities act of 1933 as amended, or under the securities laws of any state of the united states of America or 28 any other jurisdiction. purchasers of the tokens referred to in this whitepaper should be aware that they bear any risks involved in acquisition of PayFBit tokens, if any, for an indefinite period of time. Some of the statements in the whitepaper include forward-looking statements which reflect Team PayFBit’s current views with respect to product development, execution roadmap, financial performance, business strategy and future plans, both with respect to the company and the sectors and industries in which the company operates. statements which include the words ''expects'', ''intends'', ''plans'', ''believes'', ''projects'', ''anticipates'', ''will'', ''targets'', ''aims'', ''may'', ''would'', ''could'', ''continue'' and similar statements are of a future or forward-looking nature. all forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause the group's actual results to differ materially from those indicated in these statements. these factors include but are not limited to those described in the part of the whitepaper entitled '' risk factors '', which should be read in conjunction with the other cautionary statements that are included in the whitepaper. any forward-looking statements in the whitepaper reflect the group's current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the group's operations, results of operations and growth strategy. these forward-looking statements speak only as of the date of the whitepaper. subject to industry acceptable disclosure and transparency rules and common practices, the company undertakes no obligation publicly to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. all subsequent written and oral forward- looking statements attributable to the Project PayFBit or individuals acting on behalf of PayFBit are expressly qualified in their entirety by this paragraph. No statement in the whitepaper is intended as a profit forecast and no statement in the whitepaper should be interpreted to mean that the earnings of Project PayFBit for the current or future years would be as may be implied in this whitepaper. By agreeing to acquire PayFBit token I hereby acknowledge that I have read and understand the notices and disclaimers set out above.

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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. Please refer to our website for terms & conditions of participating in PayFBit initial coin offering.

www.payfbit.com