What is PAPP?

The native token of Red Capital, 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.

PAPP Token Overview

Total Supply: 210,000,000

Transaction Tax: 0.2%

Coinstore.com Listing: 13 January 2022, 12:00 (UTC+8)

Deposit Time: 12 January 2022, 12:00 (UTC+8)

Withdrawal Time: 13 January 2022, 12:00 (UTC+8)

What is the Token Utility of PAPP?

As the native token of Red Capital promoting security and strong protection, PAPP has multiple use-cases such as:

• Hiding promissory notes in which users are able to deposit fixed denominations of digital currency and issue anonymous promissory notes
• Obtaining $PAPP when issuing promissory notes which can be used for profit sharing or administration

At the time of writing, one PAPP token is valued around $3.4929~USDT.

A Closer Look at PAPP’s Tokenomics

• 10% tokens are allocated to the technology team (PAP Labs)
• 10% tokens are owned by the marketing team
• 5% tokens distributed for marketing communications
• 5% tokens used in operations
• 70% tokens are mined by users

For every transaction, 0.2% tokens are distributed among PAPP holders as profit-sharing smart contracts which will be split once profits are generated.

Interested users are free to check out PAPP at Coinstore.com from 13 January 2022 onwards and be a part of this exciting project!

PAPP’s Official 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 app: https://www.coinstore.com

About Coinstore.com

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