As we reach the end of 2023, it's time to reflect on the journey we've taken so far. The third quarter has come to a close, and it's been a period of significant changes and developments at PointPay. In this article, we'll provide a comprehensive overview of the important events and updates that occurred during the third quarter of 2023. Join us on this exciting journey of continuous growth as we strive to become a top-tier exchange and one of the leading crypto platforms.
Advancements and Innovations
When summarizing our progress, it's essential to begin with the advancements and innovations we've introduced. Following a major platform upgrade in the second quarter of 2023, we've been able to enhance our services significantly, making the platform more accessible and user-friendly than ever before.
At the top of our list of changes is the Launchpad, the hub for ICOs, listings, voting, and various other activities. After the major overhaul, we recognized the need to improve its user-friendliness and aesthetics, and that's precisely what we did.
With the latest update, the Launchpad received:
- A fresh, space-optimized design that simplifies interactions and enhances the overall user experience.
- Expanded technical capabilities, providing our team with greater flexibility to customize various activity parameters, including round numbers, token details, participation conditions, sale methods, activity types, and much more!
- Additionally, we've introduced several interfaces to help users track their participation in various activities. The newly implemented Launchpad Board enhances the overall user experience and interaction with the platform.
A noteworthy addition to the Launchpad is the introduction of a new voting format: unlimited and limited PXP voting. This feature empowers PointPay to conduct votes on a wide range of decisions, whether related to external projects or the development of PointPay itself. Since only PXP holders can participate, these decisions are well-considered and aligned with PointPay's growth strategy.
New Trading Competitions
Our traditional Trading competitions have also undergone transformation. Previously, they operated in a limited fashion, with winners selected manually from all users trading on the exchange. We then rewarded these winners and initiated new rounds.
Given the positive response from both our team and PointPay users, we've integrated this activity as a core feature of our platform. We've implemented a system for collecting and calculating trading volumes, allowing us to measure performance for individual cryptocurrencies.
To make competitions more engaging and fair, we've introduced an "opt-in" feature. Now, users who aren't interested in competitions can simply choose not to participate. This ensures that winners are truly motivated to achieve victory and receive PXP tokens!
With this transition, we've developed a dedicated interface for Trading Competitions. It includes start and end dates, real-time result updates, and a user-friendly leaderboard to track your progress towards victory.
Moreover, as these activities have become an integral part of PointPay, we've doubled the rewards. Now, not only the first-place winner is rewarded but also the second and third place, with prizes of 5,000, 3,000, and 2,000 respectively.
Currently, we regularly host Trading Competitions featuring various assets and launch them for every new cryptocurrency that joins PointPay!
New KYC Process on the Website
One significant improvement is the introduction of the KYC (Know Your Customer) verification process on the PointPay website. Previously, this option was exclusively available through the smartphone app. However, circumstances changed when Apple revised its app distribution policy in the App Store, resulting in some users losing access to the PointPay app. In response, we promptly sought a solution and made KYC verification available through both the smartphone app and the PointPay website. The verification process remains consistent across all platforms, offering maximum convenience and accessibility.
Expanding PointPay's Global Presence
Obtaining permissions, licenses, and ensuring compliance with regulations and rules are essential prerequisites for PointPay to operate in specific countries. Navigating through the intricacies of regulatory frameworks in various regions can be time-consuming and challenging.
However, no obstacles can deter PointPay from its mission to expand into new countries! Just three months ago, PointPay was accessible in approximately 50 countries. While this was a promising start, our vision extended beyond, as our user base spans the globe.
Our first significant stride was the official launch of PointPay in all EEA (European Economic Area) countries and the United States. This expansion increased the number of countries where PointPay operates to 84, with coverage reaching an impressive 80% of our user base. These regions posed unique challenges, but we were unwavering in our commitment.
The subsequent step involved further broadening our reach to encompass an additional 31 countries, bringing the total count to 115 diverse regions. In each of these regions, users can confidently and comprehensively access PointPay's services through our website or mobile applications.
The most recent achievement has been the inclusion of 8 more countries, elevating the total number of supported countries to an impressive 123! The current roster of countries where PointPay is available includes:
Albania, Angola, Argentina, Armenia, Austria, Azerbaijan, Barbados, Belgium, Belize, Benin, Bolivia, Bosnia and Herzegovina, Brazil, Bulgaria, Burkina Faso, Cabo Verde, Cambodia, Cameroon, Chad, Colombia, Congo, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominica, Dominican Republic, Ecuador, Egypt, Estonia, Eswatini, Fiji, Finland, France, Gabon, Gambia, Germany, Ghana, Greece, Grenada, Guatemala, Guinea Bissau, Guyana, Honduras, Hungary, Iceland, India, Ireland, Italy, Ivory Coast, Jamaica, Jordan, Kenya, Kosovo, Kuwait, Kyrgyzstan, Latvia, Lebanon, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Madagascar, Malawi, Maldives, Mali, Malta, Mauritania, Micronesia, Moldova, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Netherlands, Niger, North Macedonia, Norway, Oman, Pakistan, Palau, Papua New Guinea, Paraguay, Peru, Poland, Portugal, Romania, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent & Grenadines, Sao Tome and Principe, Senegal, Serbia, Sierra Leone, Slovakia, Slovenia, Solomon Islands, Spain, Sri Lanka, Suriname, Sweden, Taiwan, Tajikistan, Tanzania, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos, Uganda, Ukraine, United Kingdom, United States of America, Uruguay, Vietnam, Zambia.
We are committed to continuing our expansion efforts, with the aim of reaching even more regions!
PointPay's Rankings on CoinMarketCap and CoinGecko
An effective way to gauge PointPay's progress is by monitoring its rankings on prominent cryptocurrency data platforms like CoinMarketCap (CMC) and CoinGecko (CG). On CMC, we consistently maintain a position around 70, firmly securing our place within the top 100 exchanges.
However, the scenario is notably different on CoinGecko! Over the course of these three months, we achieved a remarkable ascent to the 22nd position! This accomplishment was made possible through rigorous internal enhancements, undergoing additional verification processes, and overall platform refinements.
Currently, we proudly hold a position within the top 30, and our next ambitious goal is to ascend to Tier-2 or even Tier-1! We remain resolutely committed to our upward trajectory!
New Assets on PointPay
In recent months, PointPay has made significant improvements to its asset offerings, enhancing the diversity and potential of our platform. Several exciting and promising assets have been added to our lineup.
In total, we've introduced four new tokens, with three of them joining our platform in the last month alone. This signifies one thing - we are gaining momentum, and it's essential for our users to stay abreast of our latest developments!
Let's introduce the four newcomers on PointPay:
- Worldcoin (WLD) - A project with a mission to promote biometrics through blockchain technology, aiming to unite the world with digital identities.
- Render Token (RNDR) - Especially appealing to those versed in 3D graphics, this project seeks to address the issue of inadequate computational power by pooling computing resources from one user to complete tasks for another, with rewards, of course.
- Turbo (TURBO) - The introduction of this token was particularly intriguing! The project itself is equally unique, with artificial intelligence (AI) making decisions about the token's development, expected to propel TURBO to unprecedented heights. The primary focus of the project is NFT trading on its proprietary platform.
- Quant (QNT) - The victor of a user vote. This project is dedicated to advancing businesses, applications, and financial services within the blockchain sphere. Additionally, it offers a distinctive solution for uniting multiple blockchains into a unified network. Highly promising!
Beyond new listings, PointPay has also expanded the range of tokens available for staking. Previously, you could only stake the PXP token, but now you can also stake two additional assets:
- Cosmos (ATOM) - A project with a vision to create the blockchain internet and the future of the entire existing internet. Applications, websites, everything you encounter online, but now on the blockchain!
- Polkadot (DOT) - The development team's focus is on creating a product for... developers! This project aims to provide the capability to swiftly create a blockchain for personal use and launch applications or products on it.
Both of these assets feature a one-month staking period, allowing you to comfortably stake your assets and receive rewards in just 30 days! The Annual Percentage Rate (APR) for these offerings is 8% and 9%, respectively.
Looking ahead, we have plans to further expand the list of assets available for staking, so stay tuned for updates!
As we conclude, let's cast a glimpse into the future. Soon, we'll be discussing 2024 and outlining our plans. PointPay has already set its primary goals for the first two quarters of the upcoming year.
Here are our ambitious plans:
2024 Q1 Milestones
- Enhance Market Presence - Elevate our market visibility through multifaceted strategies, aiming to improve our rankings on platforms like CoinGecko and CoinMarketCap. We also plan to increase engagement within social media and crypto communities.
- Expand Geographic Reach - Explore opportunities to extend our services to more countries.
- Diversify Payment Providers - Assess the feasibility of integrating additional payment providers to enhance user convenience.
- Increase Trading Pairs - Consider expanding the range of trading pairs, taking into account market conditions and user interest.
- Explore Margin Trading - Investigate the potential for introducing margin trading options.
2024 Q2 Milestones
- Visual Enhancements - Evaluate the possibility of making visual improvements to our platform to enhance the user experience.
- Forge Strategic Partnerships - Continue discussions with potential partners.
- Boost Media Presence - Explore opportunities for increased media exposure and engagement.
- Expand Launchpad Listings - Consider adding more projects to our launchpad.
- Enhance PXP Token Utility - Explore ways to provide more utility for the PXP token within our ecosystem.
- Explore Additional Licenses - Investigate the potential for obtaining licenses in different regions.
These are just a glimpse of our plans that we are ready to share. We are committed to ongoing development and look forward to continually surprising and delighting you in the future!
🔥 Buy PXP tokens on Bittrex: https://bit.ly/32VWsci
🔥 Buy PXP tokens on Bitrue: https://bit.ly/3JEreHu
🔥 Buy PXP tokens on WhiteBIT: https://bit.ly/3qJrjRH
💰 Earn up to 7% yearly with PXP staking program in PointPay Bank: https://pointpay.io/staking
💡 Check PointPay Live-Roadmap (PointPay development in real-time): https://pointpay.io/live-roadmap/
🏦 Remember, we are PointPay, and we are beyond banking!