Panerora.com has taken notice of the many advantages of blockchain technology and decided to incorporate them in a payment system that will benefit people all over the world, regardless if they have access to banking services or not.
Panerora’s Solution to Cross-Border Issues
Being a blockchain-based system, Panerora is able to tap into the world of fast money transferring, and to create a network where people can send and receive funds on a global level without being burdened by heavy fees.
The PNR token is the native token of the Panerora project, and through it, the team intends to achieve a digital ecosystem where funds can be instantly sent and received for a fraction of a regular bank fee. Panerora’s target market is the African continent because many of its people are not able to use banking services. This prompted the project to develop a remittance system that is tailored just for the people of Africa.
Some wallets in the crypto space can be complicated to use, but this is not available for Panerora wallet, as it was created to suit all people, even those who are not tech savvy.
All wallets benefit from private and public key encryption, thus only the rightful user of the wallet can view and manage his funds and data. A seed phrase is generated for each wallet address that can be used if the private key is lost.
Send Funds in an Instant
Panerora will make the days of slow transfers a thing of the past. When you make a transaction, the funds are instantly sent and converted into PNR tokens and credited immediately to the wallet you want. But how does one withdraw these funds? Panerora will set up many branches and OTC affiliates, where users will be able to withdrawal their PNR into fiat currency.
The Gasless Protocol
Panerora runs on an Ethereum-based smart contract. In order to be processed, Ethereum transactions need to subtract a “gas” fee, which is used to maintain the network’s functionality.
The “gas” money contract is supplied with ETH funds by the Panerora team, so that users get part of their fee money back. For each PNR transaction, the fee is deducted from the gas deposit and returned to the sender in ETH in his next transaction. The amount will reach its designated wallet minus the gas fee.
This system decreases the PNR token supply with every transfer made, thus creating a scarcity effect that might drive up the price for the token.
Branches and Countries
Twenty branches are scheduled to be launched in numerous African countries. The first branch will open its doors in Tanzania, and other countries such as Mozambique, Rwanda, Congo, Mauritius, and Botswana will be following soon. After settling their roots on this continent, Panerora will go on to open up more branches, and even expand outside the African border.
Panerora’s top-notch blockchain payment system will be enough to deter the African market from using other inefficient transferring networks, and will attain mass adoption with their peer-to-peer remittance network. Africans will be able to use a financial product that was made to solve their specific banking issues.
The Panerora network will set an unreachable standard by processing transactions worth of trillions of dollars in seconds, and become a viable substitute for all banking needs.
Raising 250 million dollars in ETH is Panerora’s ultimate ICO funding goal, and investors should take this opportunity to get on board on this remarkable project.
Early investors are estimated to be getting a handsome return on their investment.