Tokenomics
Token Ticker: PAY
$PAY token is the cryptocurrency token built on Binance Smart Chain (BSC) that offers a wide range of utility and benefits within and outside the 100Pay ecosystem. Which means holders of 100Pay token will be able to spend the token across popular online platforms and get amazing discounts. They can also shop online, in physical stores, pay for students school fees and access international services.
Utility & Benefits
Versatile Spending: Holders of $PAY can use the token across various online platforms, enjoying significant discounts. This includes shopping online, making purchases in physical stores, paying for educational fees, and accessing international services.
Rewards Program: Active community members who contribute to the development of the 100Pay ecosystem will receive $PAY tokens as a reward. This incentivizes innovation and engagement within the community.
Exclusive Access: $PAY tokens provide access to the 100Pay decentralized conference, which takes place in various cities around the world. These conferences are designed to educate and onboard businesses into the cryptocurrency space, providing them with the necessary tools for success.
Why Binance Smart Chain (BSC)?
$PAY is built on the Binance Smart Chain (BSC), a choice driven by several strategic advantages that align with the needs of the 100Pay platform:
High Performance: BSC offers high transaction throughput, capable of processing up to 100 transactions per second. This is essential for the seamless operation of 100Pay’s services, which require fast and reliable transaction capabilities to handle high volumes of payment processing.
Low Transaction Costs: With lower transaction fees compared to other major blockchains, BSC makes using $PAY more economical for both businesses and individual users. This is particularly advantageous for small transactions, a common scenario in payment processing.
EVM Compatibility: Being compatible with the Ethereum Virtual Machine (EVM), BSC allows for smooth integration of Ethereum-based applications and services. This compatibility also makes it easier for developers to create and deploy decentralized applications (DApps) within the 100Pay ecosystem.
Robust Security: BSC’s consensus mechanism, which is based on Proof of Stake (PoS), offers enhanced security features that are crucial for protecting transaction data and user funds within the 100Pay platform.
Cross-Chain Interoperability: The ability of BSC to support cross-chain interoperability is vital for 100Pay. It allows the platform to facilitate seamless asset transfers and interactions between different blockchain networks, enhancing the user experience and expanding the scope of possible transactions.
Distribution Strategy
The distribution of $PAY tokens is carefully planned to ensure long-term sustainability and growth of the 100Pay ecosystem. Specific details regarding the total supply, percentages allocated to founders, stakeholders, community incentives, and token sale phases will be crucial for maintaining transparency and trust with potential investors and users.
By leveraging the technological advantages of BSC and aligning it with the comprehensive utilities offered by $PAY, 100Pay aims to revolutionize the payment processing landscape, making it more inclusive, efficient, and globally accessible.
TOKEN DISTRIBUTION
Token Distribution Overview: The 100pay token will be primarily allocated for two main purposes, Token sales and Token distribution
Total $PAY Token Distribution
VESTING SCHEDULE
A 7 month vesting schedule of 15% released/unlocked every month at Token Generation Event (TGE). That is, investor tokens will have 15% unlocked each month for the first 6 months after listing and 10% at the last month
How to get in on $PAY Public Sale
LISTING AND TOKEN GENERATION EVENT (TGE)
Centralized Exchange Listing: XT.COM
100Pay is thrilled to announce the first listing of the $PAY token on XT.COM, one of the world's leading cryptocurrency trading platforms. This marks a significant milestone in the lifecycle of $PAY, providing our token with extensive market exposure and liquidity.
XT.COM is a comprehensive trading platform based in Singapore, known for its robust service offerings that include spot, margin, derivatives trading, and over-the-counter (OTC) transactions.
Listing Details:
Exchange: XT.COM
Trading Pair: PAY/USDT
Listing Price: $0.1
Go-Live Schedule:
Deposit Opens: April 17, 2024, at 10:00 UTC
Trading Begins: April 18, 2024, at 10:00 UTC
Withdrawals Available: April 19, 2024, at 10:00 UTC
Platform Capabilities:
XT.COM supports over 500 tokens and facilitates trading across more than 900 pairs, accommodating a vast array of cryptocurrencies alongside stablecoins like Bitcoin, Ethereum, Cardano, and Tether. The platform offers advanced trading tools including leveraged trades, peer-to-peer trading, and prediction markets, which are complemented by zero-commission crypto services such as staking and lending.
Customer Support and Accessibility:
The platform is customer-centric with 24/7 support in multiple languages, ensuring that all global users of $PAY can navigate their trading experiences smoothly and efficiently. This accessibility broadens the potential user base for $PAY, facilitating adoption and usage across diverse global markets.
Why XT.COM?
Choosing XT.COM as the first launch platform for $PAY was strategic, considering its extensive reach and innovative trading solutions. The platform's commitment to high-quality service and security aligns with 100Pay's mission to provide a secure and versatile payment solution. Moreover, XT.COM's operational focus in key global markets like Tokyo, Singapore, and Seoul complements the geographic expansion goals of 100Pay.
Additional Information:
For more details about $PAY and to engage with the community, please visit the following links:
100Pay Official Links: https://links.100pay.co
100Pay Official Website: https://100pay.co
Blockchain Explorer: https://bscscan.com/token/0xD9E1CE96f0dbD271971fC031c43C1fECa630eFFA
This listing event is expected to enhance the visibility of $PAY, foster greater adoption, and support the overall growth of the 100Pay ecosystem by connecting it with a broader audience of crypto enthusiasts and investors around the globe.
Last updated
