PLATIO - SMART BANKING ECOSYSTEM

- November 09, 2018

What is Platio?

The Platio Smart Banking Ecosystem is tailored for individuals and businesses and provides banking and trading services in three asset types: fiat, crypto and stocks. Powered by EOS technology, Platio adds the speed and transparency of blockchain to the reliability and compliance of traditional finance.

Platio is authorized by UK authorities to make and receive payments (UK license number 742163)

and licensed by EU authorities to make payments in crypto and fiat currencies (EU license number FRK000045; FVR000061).

Platio is powered by ERC 20 token PGAS (“PGAS” or “the Token”), which will be the central element of the Platio Ecosystem, integrating all its features. PGAS is a utility token used for all internal commissions and fees.

Why Platio?

Traditional banks are very selective in the services they provide for crypto users within their current banking systems. They have not embraced the digital coin era, or the way cryptocurrencies have evolved. Being fully compliant, regulated and technologically advanced, Platio solves this problems with easy access to the Platio Ecosystem, using tokenization of assets based on EOS technology, and supporting the three types of assets: crypto, fiat and stocks. Specifically, Platio’s goal is to provide solutions to crypto users as follows:

Products & Features

Platio’s App will be available on iOS and Android, as well as a web-based application. Platio Smart

Banking Ecosystem will include various products and features that work together to provide users with a seamless transaction process. Platio will tailor its products to the needs of both individuals and businesses, ensuring that both enjoy improved accessibility to transacting in cryptocurrencies.

PGAS Token Economy

PLATIO’s token PGAS (“PGAS” or “the Token”), will be the central element of the Platio Ecosystem, powering all of its features.

PGAS is an ERC-20 utility token and will be used for transactions within the platform, for instance the payment of commissions, fees and subscriptions. Transactions using PGAS will be discounted, with the discount dependent on the user's token usage and subscription level. It is expected that the PGAS value growth may happen due to two main reasons:

Increased demand for the Token as the number of users of the Platio Ecosystem grows, more subscriptions are purchased, and more transactions are executed.
The burning of 50% of Platio internal commissions until approximately 10% of PGAS tokens are left in circulation within the Platio Ecosystem. Increasing demand for PGAS, combined with a reduction in supply, may lead to an increased value of tokens left in circulation.