How It all started :
Founded on 2010, Tokenpay a startup determined to offer a secure and anonymous way for a consumer to pay a merchant by credit card. However they failed quickly because no any card processing service was willing to work with Tokenpay dispite enough KYC and AML procedures in place.
In 2017 a group of privacy driven cryptographic coders was formed and after a intense development over a year they created a new secure coin technology that can only be described as Bitcoin on steroids. It is not only coin but have a feature missing in every coins that is ability to turn digital assets into cold hard cash which can be spent in real life in any quantity without hassle. A ideal bank is located and all paperwork have been done, it will be purchased after successful token sale so that Tokenpay team can start processing payments which was there dream 7 years ago.
Concept behind Tokenpay :
Dispite enormous growth of cryptocurrencies and its demands, they are facing a huge problem because traditional powerful and entrenched financial institutions are not keen to transact in cryptocurrency. Also special interest group always try to resist new form of capital and rejects any new technology that can disrupt traditional banking approach. Tokenpay is here to work as bank that will provide all traditional banking features with cryptocurrencies. It will enable every crypto user to hold their bitcoin, ethereum and other coins in their Tokenpay wallet and they can also spent them in any POS point and merchants without any hassle just like how they used to pay with their usual bank's cards because Tokenpay gonna purchase a registered working bank after ICO. It will work as bridge between cryptocurrency and fiat which will only benefit all crypto users.
Multi-Signature Transactions : TokenPay P2P network supports much more complicated transactions along with single-signature transactions that require the signatures of multiple people before the funds can be transferred.
Ring Signatures : To add anonymity in the transactions
Dual-Key Stealth Addresses : TPAY combines these features available to make the user experience a private and secure one.
Tor Network Integration
TokenPay SCI or Secure Communication Interface : 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 recipient's messages from being hacked or viewed
It is different than bitcoin because TPAY is proof of stake while bitcoin is powered by inefficient proof of work as well as TPAY includes lots of other privacy and security features which were not included in bitcoin.
What TPAY can offer is limitless because they will actually acquire a bank. It will enable user to make international wire transfers, widely accepted debit cards, Multi currency transactions and privacy focused Jurisdiction.
About Token Sale :
Token sale for TPAY will run from 7th December to 17th January and you can also grab amazing bonus/discounts on early days of ICO.
30% of funds collected from ICO will be used to acquire a bank and another 30% of fund will be used to provide exchange liquidity. 20% is allocated for development team and technology, 15% for management & operations and remaining 5% for marketing.
In total 14,250,000 TPAY coins will be offered for public and all founders and developer team's coins will be locked for 1 year. 6,250,000 TPAY will be distributed with 5% annual interest to all TPAY holders through POS system in future.
Join crowdsale : http://www.tokenpay.com/
Read more about Tokenpay here : https://www.tokenpay.com/whitepaper.pdf
Follow them on Twitter : https://www.twitter.com/tokenpay
Connect with them through Facebook : https://www.facebook.com/tokenpay
Join discussion in telegram : https://t.me/tokenpay