Pspay has several benefits such as:
1 - Pspay will automatically burn 1% on every buy trade and 2% on every sell trade, which makes it a deflationary token, becoming more scarce and valuable every day;
2 - Monthly strategic burns will be done during the first year to reduce supply and increase Pspay's value;
3 - Part of the buying and selling fees will be returned to the holders automatically, in their wallets;
4 - In the future there will be a cashback program where we will encourage sellers who accept Pspay as a payment method to give cashback to their customers;
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I think it is worth to also mention that on every transaction fee, an equal percentage that's distributed to holders are also distributed to the dev team.
https://i.ibb.co/fkfhznS/Fee.pngIsn't that a bit overkill? Given --proportion wise, assuming your project reached their goals-- the percentage for holders will be divided amongst 500,000+ people while the exact same amount is allocated for dev that's like... 6 people? 10? Especially as that same group of people also already have 10% of the total supply allocated for them.
And what's project execution, exactly?
We just answered the colleague in a summarized way what he had asked without going into more details.
The project has all the information in its whitepaper and also on the website.
Obviously the raised fees have different destinations as rewards to the holders, increase of the liquidity pool, part of the fees so that the project can be executed, automatic burns and a part to remunerate the developers.
I should remind you that all the costs for the implementation of everything that has been delivered so far by the project until the beginning of the pre-sale was exclusively paid by the developers themselves, such as costs for opening and registering the company and the brands Paycoin Solutions, Pspay, costs for building the websites, the Psfly platform, fees for the accounting profissinal, social media staff, outsourced services and among others.
About your second question, any company has its owners and, as always, they are the ones who develop and assume costs and risks of the business, so, as in traditional stocks, developers have a slice of the company, which in this case is 10%, something perfectly normal, even more so in the crypto environment.
We must remind you that the more transactions there are, both buying and selling, the more fees will be divided as specified.
On "what is the project execution, exactly?", this portfolio (project execution) that receives the fees is intended only to fund expenses for the development of the project. Want some examples? Paying taxes, office rent, fees for the accounting profissinal, social media staff, hiring employees to develop and help with the programming, after all we have a lot to create like a marketplace, a mobile app that is compatible with android and ios, building a swap, blockchain and game and other services that need to be outsourced.
As you can see, there are many things to develop in the long term, logically, it is impossible for only 5 or 6 people to accomplish this alone. As the project grows, the more we must invest in qualified professionals to help us deliver what we set out to do.
I hope we were able to answer your questions, and if you still have any questions, feel free to ask us. It will be a pleasure to answer them.
Best Regards,
Paycoin Solutions Ltd Team