Public Crypto BLOG: TokenPay - World's Most Secure Coin

TokenPay's goal is to afford clients the ability to facilitate ordinary cryptocurrency to hard asset transactions with ease.

TokenPay is a decentralized and self-verifying payment platform project. Based entirely on mathematics it is designed to enable secure transactions between multiple parties. With maximum user security as the focal point, the system is accessed exclusively through the encrypted Tor Browser. Transactions are conducted with its own proprietary and untraceable cryptocurrency called TPAY that is embedded with the latest and most advanced safety features. These characteristics include a stealth addressing system, encrypted messaging, completely anonymous trading and a uniquely designed hashing algorithm that enables fast and secure transactions under any conditions.

Digital currencies are often called cryptocurrencies due to the intricate technical details related to cryptography, but it did not start here. When looking back at human history, from the cowry shells of the Asian region to the first coinage in ancient kingdoms, mankind first saw printed money in medieval times. This breakthrough was followed by modern-day electronic versions of money. Today, there is an international banking ecosystem, which consists of banknotes, credit/debit cards, derivatives, stocks, bonds and much more.

Blockchain is experiencing a period of exponential growth and adoption, not unlike the collective transition towards internet use in the 90’s. Established in 2008, Bitcoin is a cryptocurrency based on blockchain. In just a matter of years, it has become a legitimate and tradable commodity on a global scale.

The major underlying problem is that traditional financial institutions and the related governing and operating regulations are not well aligned with cryptocurrencies. The concept behind public banks was designed and conceived hundreds of years ago.

TokenPay’s platform has been designed to combine the strengths of an established banking institution with the flexibility and future-forward potential of cryptocurrency. The network enables the exchange of Bitcoin, Ethereum and other major cryptocurrencies by bridging the transition gap to fiat. It also enables unfettered user access to cryptocurrency funds at a merchant point of sale locations and ATMs worldwide. Users will have the ability to store Bitcoin and other cryptocurrencies in a secure and insured wallet similar to what customers at a typical bank provide for fiat accounts. As a result, counterparty risk is naturally minimized with a licensed and bonded bank. The TPAY token sale funds are intended to be used to complete a banking acquisition. This bank will operate in a manner that will cater to and understand the unique needs of global cryptocurrency holders.

The robust digital ecosystem is further fueled by a custom built 2-of-3 Multisignature Transaction Engine (MTE). This advanced protocol protects the user of the TPAY currency. This is because each party must approve the transaction before the corresponding data is published on the blockchain. Unlike a traditional payment service, there is no centralized handling of user funds at any point in time. Participants generate their own pairs of private keys and public addresses. While the private keys are kept secret, users freely distribute the public addresses.

Therefore, when a TPAY blockchain transaction is initialized, all parties sign with the corresponding private key. This signature acts as the analogous action for a particular public address. The transaction becomes automatically becomes fully executed because all parties on the blockchain are able to then verify these signatures using the public addresses. There is no need for a TokenPay user to reveal their private key to anybody. As a result, transactions are conducted with complete security, anonymity and without any counterparty risk typical of a conventional payment platform

TokenPay has incorporated a peer to peer encrypted instant messaging system using algorithms to maintain private conversations when using the TokenPay Wallets. All of the messages sent and received are encrypted by the proven AES-256-CBC algorithm and distributed between nodes in such a way as to prevent the recipients messages from being hacked or viewed by anyone that it was not intended to, even if the hacker can view the entire network and/or run nodes of the network. To reduce significantly the risk and inconvenience of sharing passwords, we implemented the proven and trusted method of Elliptic Curve Diffie-Hellman or also known as ECDH key exchange. This level of encryption is at the same level as what governments use for top secret files.

While the various TPAY digital wallets define the pinnacle of advanced security protocol, many still consider the paper wallet’s cold storage system to be the most heavily guarded digital token cache. In a literal sense, the TokenPay Paper Wallet is a physical document that contains all of the necessary data that is required to generate the essential TPAY private key. This can be the most secure way of storing TPAY because the wallet is not exposed to malware. It can be stored in a private safe. The private key is generated by the user on the highly secure TokenPay server. It is recommended that users disconnect from the internet when in the process of generating a private key. This way the paper wallet generator is considered to be truly self-contained and the keys are not being transmitted online. TokenPay regularly audits and verifies the integrity of the client-side private key generator that it offers on its website.

TokenPay is planning to form a new bank charter, partner or acquire a licensed bank in Vanuatu. One negotiation currenly underway is with a bank that has a great reputation and all the necessary relationships to make international transfers possible. As TokenPay desires to cater to cryptocurrency customers by tailoring the compliance department around this theme, this is a crucial first step.

Bank Integrations Benefits :

Privacy Focused Jurisdiction
Multi currency Transactions
International Wire Capabilities
Widely Accepted Debit Card

The concept behind the fully integrated BlueDiamond debit card is that it will be easy to load given its direct connection to the TokenPay digital wallets. Therefore, spending can be done virtually or at any point-of-sale merchant either online or in person. Additionally, the international debit card allows instant access to multi-currency funds at network automated teller machines. Transparent pricing and low fees make the BlueDiamond debit card a very attractive mechanism for cashing out digital tokens to enable hard asset purchases. A user’s digital tokens like TPAY or Bitcoin can be accessed whenever needed thanks to the closed-end real-time private exchange that will be part of the TokenPay banking platform. Accordingly, there is no need for the user to have to convert exact quantities of digital tokens to conduct a fiat transaction.

Debit Card Benefits :

Low Cardholder Fees
Global ATM Access
Real-Time Conversion
Multi-Currency Support
TPAY Purchase Rewards

Token Sale

TokenPay is launching a hard capped TPAY digital token sale to raise funds for the TokenPay project and general corporate purposes. This will allow the team the ability to add more features to the platform. The maximum raise will be 5000 Bitcoin during the token sale and the presale combined. The number of tokens issued per Bitcoin will depend on the Bitcoin raised as per the bonus structure table detailed in this whitepaper. Prospective TPAY buyers can trade any amount of Bitcoin including fractional amounts such as 0.010 Bitcoin. There will be a discount offered to early TPAY buyers that will decay with the number of TPAY claimed during the token sale. There will also be bonuses offered for referring buyers to the TPAY digital token sale. There are NO REFUNDS OR EXCHANGES once BTC has been exchanged for TPAY.

Token Sale Timeline

Period	Date	Bonus Rate	Referral
Week 1	December 7th to 13th	100%	100%
Week 2	December 14th to 20th	50%	50%
Week 3	December 21th to 27th	50%	50%
Week 4	December 28th to January 3rd	50%	50%
Week 5	January 4th to January 10th	25%	25%
Week 6	January 11th to January 17th	10%	20%