Whitepaper V1
Introduction
About PipSafe
Trading in financial markets can be overwhelming because of the trust issues or the risks you have to take to increase your capital. Our purpose in PipSafe is to create an environment for a safe trading experience in Forex and Binary Options. Moreover, we can help you distinguish between well-established brokers and scams; therefore, you know where to invest your money safely. Additionally, a plethora of updated, rich, and informative articles are uploaded on our website frequently. The articles are designed to help you make educated financial decisions and eliminate the frustration caused by a lack of knowledge and experience. We also compare the services of the trusted brokers and recommend the best ones to you. Hopefully, this saves you hours of research on choosing the right broker.
PipSafe Service
Our service is not limited to accounts with large balances, so you are welcome to use our rebate service even with a small investment. By using our forex rebate service, 85% of the commission we receive from your broker is transferred back to you, so regardless of whether your position wins or loses, you have still saved a sum of your money. But that is not all! We are pursuing to offer the rebate service in binary options contracts as well, and in future updates, our platform will incorporate a well-featured interface for trading cryptocurrencies.
PipSafe Security
Hacker attacks have always been a threat to online financial markets, and some brokers and exchanges have been victims of such attacks. However, thanks to our IT and security team, we have developed a secure platform that meets network security standards to ensure PipSafe users the safety of their transactions.
PipSafe Support
We care about our users, and we deem their satisfaction our ultimate success. Suppose you are a new user of the PipSafe rebate service and have any questions or problems that are not already addressed on the School section or the FAQ link of the site. In that case, our 24/7 support team is ready to answer your questions and clarify any ambiguities. You can contact us via the website’s live chat service, email, or skype. Also, given that you are an experienced trader, we are more than happy to get feedback on the website’s user interface or anything you think we can do to increase the functionality of PipSafe’s platform.
PCN Token
PCN Token
PipSafe pays users’ cashback in PCN. PCN is developed by PipSafe and operates on the Tron network that uses TRC-20 standards. PCN token aims to keep its value as an asset, and it will be listed on popular exchanges shortly, and avid traders can use the token to make profits as the asset’s value fluctuates in the market.
The second aim of PCN is to substitute other cryptocurrencies or fiat money and subsidize the rebate funds by an added 10%; that is, if a user chooses to receive rebates in PCN, the value will increase up to 95% of the received commission from the broker. On the other hand, if they choose to accept the rebate in dollars, the value will be 85% of the commission we receive from the broker. Additionally, brokers and other trading platforms that would like to be listed on our website can use PCN to get up to a 30% discount on their payments.
The third use of PCN regards the transaction fees. Users would have to pay the transaction fees in PCN, which would naturally decrease the costs in the long run. Also, the promotions both for users and brokers will be calculated in PCN. We have developed this payment policy to serve our anti-scam purposes.
PCN Token Allocation
The supply of PCN has a strict limit of 10,000,000,000 tokens. 20% of the supply will be distributed between PipSafe members, and they can resupply the tokens on exchanges that have included the token in their platform. The remaining amount will be in possession of PipSafe and will be transferred to users who prefer to cut down on fees and receive their rebates in PCN. Please note that PipSafe abdicates the right to supply the token in global financial markets directly. The distribution of the tokens is solely allowed for the members of the PipSafe Community.
PCN Token Burning
A sum of 2,000,000,000 tokens will be permanently removed over the course of five years (in 20 stages, once every three months) for anti-inflation purposes. This will also help PCN establish and secure its position in financial markets. Brokers and other websites that are listed on PipSafe are the leading suppliers of PCN. If these suppliers do not provide the required token size for the token burning program, PipSafe will buy the remainder of the tokens on the market and burn them. The algorithm for PCN token burning program is as follow:
P: Burned tokens in previous stage
T: Current tokens to be burned
i [ 0-19]
Mi = 3+3i (‘th’ month)
(℮+8)= 100,000,000
P0=0.0025
Pi = Ti-1 → (i [1-19])
Ti = ( Pi + ( i × 0.015) ) × (℮+8)
This formula will release the following result:
Stage 0: Tokens to be Burned: 250,000
Stage 1: Tokens to be Burned: 1,750,000
Stage 2: Tokens to be Burned: 4,750,000
Stage 3: Tokens to be Burned: 9,250,000
Stage 4: Tokens to be Burned: 15,250,000
Stage 5: Tokens to be Burned: 22,750,000
Stage 6: Tokens to be Burned: 31,750,000
Stage 7: Tokens to be Burned: 42,250,000
Stage 8: Tokens to be Burned: 54,250,000
Stage 9: Tokens to be Burned: 67,750,000
Stage 10: Tokens to be Burned: 82,750,000
Stage 11: Tokens to be Burned: 99,250,000
Stage 12: Tokens to be Burned: 117,250,000
Stage 13: Tokens to be Burned: 136,750,000
Stage 14: Tokens to be Burned: 157,750,000
Stage 15: Tokens to be Burned: 180,250,000
Stage 16: Tokens to be Burned: 204,250,000
Stage 17: Tokens to be Burned: 229,750,000
Stage 18: Tokens to be Burned: 256,750,000
Stage 19: Tokens to be Burned: 285,250,000
Stage 20: Tokens to be Burned: 2,000,000,000
Note: Burned tokens will be transferred to the following wallet address which is a “Burn Wallet” without a private key, meaning that no one can ever access to this wallet and tokens transferred to this wallet can never be withdrawn:
TLcy2HXVUTBNZ5je8vNJihQdqyMwurEw6W
PipSafe’s Charity and Investment Activities
PipSafe proudly intends to devote 10% of the income from transaction fees to medical research on Gene Therapy that focuses on fighting against cancer.