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% |
TokenPay TEAM
CLICK LINK BELOW FOR MORE INFORMATION
TokenPay Site : https://goo.gl/fydYHW
TokenPay Whitepaper : https://www.tokenpay.com/whitepaper.pdf
Profile bitcoin : https://bitcointalk.org/index.php?action=profile;u=1343532
ETH Addr : 0x0243E433ee123cDB927e22e99FA31D0d34195A38
ETH Addr : 0x0243E433ee123cDB927e22e99FA31D0d34195A38
