Unprecedented Crypto Payment Methods that Meet NUPay, the New Crypto Payment Platform
NUPAY is a financial payment platform that will help connect sellers and customers on the platform. To make this project useful, they have launched their own local token (TPCT) which will be used on the platform as an exchange trading mode. NUPAY has made a partnership agreement with Korea’s ONLINE and OFFLINE stores which will assist in the adaptation of TPCT tokens.
The first goal of the NUPAY payment platform is to eradicate intermediary activities in each transaction and help sellers and customers exchange legally among themselves without contributions from any services. Likewise, it intends to introduce a system with very low transaction costs that will be superior to any other system that charges high fees out there. On this crypto-currency platform, it’s hard to ignore the effects of blockchain technology and that’s why NUPAY will embrace the use of blockchain technology to develop a decentralized system that is free of manipulation or restrictions.
Many cryptocurrency payment providers are trying to resolve recurring problems from existing payment systems where unnecessary intermediate steps involve complex or inefficient procedures with additional costs. Changes in exchange fees between currencies, which include hidden conversion costs, are another common problem. Many cryptocurrency payment providers have also proposed their own solutions, including cryptocurrency-based debit cards, online and offline payment platforms and / or cryptocurrency exchange services for currency conversion, as an alternative to the current system. However,
The NUPay payment platform plays an important role in connecting users and traders. Extensive partnerships with online and offline stores throughout Korea will provide the scalability of TPCT tokens , which will ultimately fulfill their role as real currencies.
NUPay is a simple and efficient payment system that will allow users to make easy and convenient cryptocurrency, voucher and reward points
in the same way using credit cards and FIAT money. The NUPay payment platform will offer the following advantages:
- Payment execution based on the Blockchain, will remove all intermediaries from the transaction, allowing payments to commissions as low as possible through effective decentralized payment process deals based on blockchain.
- Various payment methods, including cryptocurrency, gift vouchers, vouchers and gift points, will be compatible with the platform and can be used to buy goods and services. When payment is made on the NUPay platform, a maximum of 2% of the total purchase amount will be credited to the user account in the TPCT token . Accredited TPCT tokens can be used like other cryptocurrency, reward points and vouchers in the user’s NUPay account.
- Technical support will be provided to existing cryptocurrency holders when they use TPCT tokens and other cryptocurrency, not only as an investment tool but also as a means of payment in the extensive network of NUPay partner stores.
NUPay, a simple payment platform, is a payment service that allows users not only to use cryptocurrency but also vouchers and gift points. In addition to supporting the use of TPCT tokens, NUPay will also support other cryptocurrency such as BTC, ETH and XRP so that they can be easily used. In addition to the main cryptocurrency, all cryptocurrency who wish to participate will be available at NUPay at any time.
Here are the main platform actors:
- Traders . Through the NUPay network, traders can take advantage of consumer interactions. Due to the expansion of payment methods, including cryptocurrency, vouchers and reward points, consumers will visit shops that have installed NUPay Network , which will help traders protect customers, increase sales, and manage customers easily. The user interface is concise, easily accessible to anyone, allows easy customer management and allows traders to use relevant customer data to improve operations. Traders can easily connect to the NUPay network through the POS devices they currently use, payments can also be made by scanning the QR code.
- The user . NUPay users immediately receive 2% of each purchase in the form of TPCT tokens. The same 2% rule also applies to other compatible payment instruments (reward points and vouchers) used. Received tokens can be used in all partner stores and in all stores that have installed the NUPay payment platform. The reward system will motivate users to use NUPay continuously and routinely, thereby increasing transaction volume, the value of TPCT tokens, along with requests for this token on the market.
- NUPay Blockchain . NUPAY Blockchain becomes the basis of NUPay, users and traders assign and store all payment history, such as account balance, transaction details, and payment addresses in the main node. The node designated for validation on the master node will efficiently verify transactions in the NUPay blockchain and will be able to add new networks of users and participants when needed.
- NUPay Scan . NUPay Scan is a component that controls transactions between NUPay Blockchains. You can search for all verified transactions, wallets and smart contracts. NUPay Scan works in a manner similar to BlockCypher by BTC or Etherscan by ETC.
TPCT tokens will be fuel that stimulates and enables communication in the NUPay ecosystem, not only as a means of payment but also as an agent that verifies, determines, and processes activities that connect each component and network member. The NUPay protocol removes transaction fees and other expensive commercial costs. Therefore, traders will be less restricted and will be better able to generate profits, because more users are encouraged to use the protocol. TPCT tokens can be used to buy goods or services. NUPay users will be asked to enter a minimum balance of 5,000 TPCT tokens. This will create an increased correlation between the number of NUPay users and the value of the TPCT token. NUPay users will be classified into different registration levels based on the number of TPCT tokens deposited and the number of purchases. Provisions for membership rankings are as follows:
Furthermore, when the NUPay user group gets bigger and bigger, the NUPay team will implement the NUPay Loyalty Function for the benefit of loyal NUPay users. Currently TPCT tokens are designed to meet the ERC-20 standard that is compatible with Ethereum networks . To provide blockchain payments that are faster and more stable, the team has a roadmap to develop its own mainnet. Following are the details of the token and ICO:
- Name : TPCT
- Platform : Ethereum
- Supply : 2,500,000,000 TPCT
- Standard Devices : 1 ETH = 15625 TPCT
- Supply ICO : 64.000 ETH = 1.000.000.000 TPCT
- Softcap : 5000,000,000 TPCT
- Hardcap : 1,000,000,000 TPCT
The allocation of tokens is as follows.
The ICO will be launched in the second half of 2019. I advise you to follow updates directly on the site . I conclude by saying that I consider NUPay a very interesting project and, if the team respects the Whitepaper’s promises, NUPay will certainly get an increasingly increasing scene in other countries outside Korea. Here are contacts and social platforms
Project team – David Seung Co-founder, CEO-Taesung Yum Co-founder, COO
-Andrew Lee Chief Marketing Officer
-Steve Chief Technical Officer Choi
-Peter Operations Manager Lee
-Samuel is the Blockchain Manager
Ethereum address: 0xd5f1B76848DF419FC0D136d87dc8Ed9AfD1D73a6