PAPPAY: What is it? Is it a good investment?

Bitcoin success led to an explosion in the number of cryptocurrencies on the market, with several of them laying claim to being the next big thing. With over 17,000 coins on offer, today’s investor has a tough job of figuring out which currencies are worth investing in.

This article explores one of the big entrants to the cryptocurrency market – PAPPAY. You’ll learn more about the coin, how much it’s worth now, whether or not it’s safe and if it’s a good investment.

What is PAPPAY?

PAPPAY is a cryptocurrency launched in 2021 to facilitate digital payments and purchases on the internet. PAPPAY is also a payment tool that offers investors a chance to earn passive income. According to the founders, PAPPAY aims to give investors a 5% cut of every transaction generating income while distributing PAPPAY. PAPPAY’s interface allows developers to integrate the payment tool using API.

Quick Stats:

  • Current price: $0.00000006013
  • Market cap: $ 0
  • Market rank: 4011

PAPPAY features

PAPPAY operates on the Binance Smart Chain platform (BEP20). Currently, it cannot be purchased with fiat money. You can still buy PAPPAY by buying USDT from a fiat-to-crypto exchange and then transfer to exchanges like Mdex that offer to trade PAPPAY.

Is it safe?

The hype surrounding coins, especially on social media, can make it difficult to determine some cryptocurrencies’ intrinsic value, uses, and applications. Even though PAPPAY seeks to build a community-based project that offers value to investors, it is very intentional in making the project viable for real-world applications.

As more users begin to use PAPPAY for digital purchases, the technology, including safety and security, should improve. Right now, PAPPAY’s project team does a satisfactory job of protecting the crypto assets of its users. 

Where to buy PAPPAY

As of Feb. 13, the top cryptocurrency exchanges for purchasing and trading PAPPAY are Pancakeswap, Binance Smart Chain, Mdex, IndoEx, and Finexbox. Here’s a look at both options:

PancakeSwap

PancakeSwap is a decentralized exchange that offers users complete control of their assets by letting them trade directly from their crypto wallet. This comes with obvious drawbacks- you will have to assume full responsibility for your wallet’s security as well as miss out on some benefits that crypto exchanges offer. 

How To Buy $PAPPAY from Pancake swap

  • Start by downloading Metamask: search metamask.io and then download the metamask wallet on your phone or the firefox or chrome browser
  • Purchase BNB to fund your wallet, it is just like a deposit amount
  • Visit Pancake swap. This is where you get to swap your current tokens with $PAPPAY
  • Connect to Pancake swap by clicking on ‘connect’ on the Pancake swap trade platform. The connect icon is just on the top right side of the screen
  • Go on the sidebar and click on ‘trade’
  • Pick $PAPPAY in the ‘to’ segment in Pancake swap or simply select the currency, and type in the $PAPPAY token contract
  • Go to your settings and adjust your slippage to fit the demand, 12 or something higher. Type in the amount you want and then do the swap. Simple and stress-free

Binance Smart Chain

Binance Smart Chain (BSC) is a blockchain network that runs parallel to Binance Chain (BC). Binance Smart Chain is used for running smart contract-based applications, which allow users to utilize the smart contract functionality of BSC and the high transition capacity of BC. 

Binance Smart Chain can also run Ethereum-based applications because it implements the Ethereum Virtual Machine (EVM). BSC was built to enable developers to build decentralized applications and help users better manage their digital assets cross-chain. Its success has been partly down to the fact that it is a more stable and cost-effective alternative to the Ethereum network.

Mdex

Mdex is an automatic market-making decentralized exchange built on the Binance Smart Chain, Ethereum, and Huobi Eco Chain (HECO). It is based on the concept of fund pools which is similar to other DEXs on the market but instead, it implements a dual chain DEX model based on HECO and Ethereum. It allows Mdex to combine the advantages offered by the prosperity of the Ethereum ecosystem and the relatively low transaction fees of the Huobi Eco Chain. Mdex’s unique system supports a dual mining mechanism of liquidity and secured transactions. 

Since Binance Smart Chain launched, Mdex has risen to become the No.1 in all Binance Smart Chain DEX by volume 24h. Mdex is also the largest DeFi ecosystem for integrating DEX, IMO, and DAO.

IndoEx

IndoEx is a decentralized exchange that aims to be the safest and fastest digital asset exchange serving professionals, traders, and institutions. IndoEx supports EUR/USD fiat pairs.

Finexbox

Finexbox is a centralized exchange that offers a spot trading platform for digital assets. It provides leveraged margin trading through the P2P funding market, allowing users to trade with up to 3.3x leverage.

PAPPAY contract address

Below is the PAPPAY contract address for the BNB Smart Chain network.

BNB Smart Chain (BEP20): 0x8c88699ef5ada1e5bedff7a4590aa346abd3536d

Is PAPPAY a Good Investment?

Launched in October 2021, PAPPAY truly hit its stride three months later in January 2022 when it surged 1227% to an all-time high of $0.00005733. Then February 2022, a series of dips sent the price crashing down to around its current price level.

With the current price still hovering around $0.00000006013, estimates over the next five years project PAPPAY hitting the $0.00000041 mark by 2025. While that estimate might seem optimistic, especially with the volatility of the crypto market, PAPPAY is a project that is worth taking a closer look at.

Several platforms and analysts are optimistic about the growth of PAPPAY for several reasons. For starters, the evidence of the project’s viability is evident in its real-world application.

Its recent price crash has raised concerns among early investors and buyers, but PAPPAY is still a relatively new cryptocurrency. For now, it looks like it has the resources to bounce back from its current price dip now or soon.

A major source of investors’ confidence in PAPPAY is the presence of a solid and dedicated staff backed with significant investment in the project. However, it is still too early to say for sure that PAPPAY will represent anything more than a decent return on investment.

Note: Investing in cryptocurrencies can be extremely risky. Do your research. Always consult a professional advisor and never trade money you can’t afford to lose.

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Anthony Adewuyi

Anthony is a Content Writer with MakeMoney.ng. He is passionate about Finance, Business, and Tech related topics. He is a Digital Entrepreneur with vast experience in Data Analytics and Advanced Google Analytics

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