Pulsar Money Launches Smart Payments Hub on MultiversX
Saturday, June 3, 2023 1:00 PM UTC
Pulsar Money introduces today a Smart Payments Hub aiming to redefining digital payments. Being live in Open Beta on the MultiversX Mainnet and incubated by Astrarizon Ventures, the Hub aims to combine interactive, seamless and innovative payment solutions that cater to diverse needs, from startups to individual users and investors seeking to utilise advanced payments solutions. The hub consists of four specialised modules, each designed for unique use cases and user bases, bringing a new level of sophistication to smart payment infrastructures. Amidst the growing demand for more complex and interactive solutions in the payment sphere, Pulsar Money integrates blockchain’s potential with intuitive UI/UX. This fusion makes sophisticated operations feel straightforward, setting new standards in digital payments.
An Introduction to the Smart Payment Modules
Pulsar Money’s Smart Payments Hub is built around four core modules: Viral Pay, Smart Payments, Vesting, and Vaults. Each one is designed to solve a unique set of challenges in the digital payments space, offering tailored solutions for various user needs, all while staying true to the principles of simplicity, transparency, and efficiency. The Viral Pay module is part of Smart Social Payments, offering a seamless experience for ESDT token transfers on MultiversX via Social Media. Smart Payments addresses the demand for efficient, customisable on-chain payments at scale, for user base numerous needs. These modules, together with Vesting and Vaults, which are centred around projects and enterprise needs, each serve unique verticals in the digital payments landscape, embodying simplicity and efficiency. The following sections delve into each module’s contribution to Pulsar Money’s vision of redefining digital payments.
Viral Pay
Viral Pay is the debut of the Social Component within Pulsar Money’s Smart Payments Hub. It shapes ESDT token transfers on the MultiversX network with a design aimed at cultivating social engagement. This streamlined module transforms the typically complex process of token transfers into a simple tweet. A quick ‘@PulsarMoney’ tag and a recipient mention on Twitter is all it takes for users to send tokens, a testament to reducing the traditional intricacies of blockchain transactions and a nod towards blending user experience with social media platforms.
But Viral Pay isn’t solely about simplicity. It’s equipped to manage advanced campaign types, including batch transactions for up to 100 distinct recipients, based on various social interactions such as the first 100 likes, quote retweets, or simple retweets. This blend of user-centric design with advanced features is a reflection of Pulsar Money’s commitment to reimagining the dynamics of digital payments.
The Viral Pay module exemplifies this commitment, from its streamlined onboarding processes to its comprehensive dashboard providing a clear overview. The module, once set up in just a matter of minutes, is a breeze to use. It’s an embodiment of Pulsar Money’s vision: making digital payments more intuitive, interactive, and engaging without sacrificing complexity and versatility.
Smart Payments
Pulsar Money’s Smart Payments module stands at the intersection of functionality and innovation in the on-chain finance space. A key component of the Smart Payments Hub, it brings to the table programmable on-chain payment options, creating a flexible environment for transaction management. Users can easily establish Smart Payments via a MultiversX wallet. Additionally, the Smart Payments module offers the option to create both cancellable and immutable payment streams, showcasing its adaptability to diverse requirements and use cases.
This module has far-reaching implications across various applications, notably in the management of payrolls, freelancers, service providers, and contractors. By offering a bankless, paperless, and efficient payroll system, Pulsar Money not only simplifies transactions but also adds value by saving users’ time and money. The Smart Payments module brings a new level of convenience and efficiency, enabling businesses and individuals to manage and schedule transactions in a more streamlined and effective way.
The realm of on-chain finance is continually expanding, and Pulsar Money aims to keep pace by focusing on evolving user needs. The Smart Payments module is set to receive enhancements including the ability to extend payment periods, top up active streams, and offer thoroughly and numerous comprehensive video & written guides. Pulsar Money envisions a future with even more advanced features, reinforcing its commitment to redefining digital payments and contributing to a more interconnected and efficient on-chain economy.
Vesting Contracts
Vesting is an integral part of Pulsar Money’s Smart Payments Hub, offering a simplified and transparent solution to manage token vesting. Utilising the Vesting Smart Contracts, Pulsar Money ensures a decentralized and immutable path for the release and transfer of tokens. This system provides assurance to investors, founders, and the community that the transfer of assets is reliable, transparent and exactly as per the code in the Smart Contract.
Pulsar Money’s Vesting Contract features include customisable options such as cancelability, a cliff release mechanism, frequency of release, and additional details. The cancelability option allows senders to create either a cancellable or immutable vesting schedule, providing flexibility in designing the vesting path or fully trust-less alternatives. The cliff release mechanism is a notable feature that permits a token release only after a certain period, with the ability to program a certain percentage of tokens to be released at that point. The frequency of release allows for tailored token distribution schedules.
The benefits of Pulsar Money’s vesting module are manifold. For team members, advisors, and investors, it automates the token distribution process, eliminating the need for manual transfers and reducing the chance of errors. It also allows for the creation of a customized vesting plan, providing flexibility and control over the vesting process. For investors, it enables seamless token distribution to multiple parties, while reducing token sell pressure by allowing for smaller quantities at more frequent intervals. Looking ahead, Pulsar Money will continue to evolve and enhance its vesting module, reaffirming its commitment to providing innovative and efficient solutions in the on-chain handling of token transfers space.
Vaults
The Vaults module of Pulsar Money’s Smart Payments Hub is specifically designed to enhance the transparency of funds allocation and reliable usage in projects. By providing a secure environment for locking funds earmarked for specific purposes, Vaults ensure the integrity and accountability of financial operations. Projects can safely store their liquidity designated for decentralized exchanges, demonstrating their commitment to their community.
The Vaults mechanism fosters trust within the community by transparently showing that the funds are purposely and transparently held and will only be used for the foreseeable expected usage pallet when they are ready for the given purpose and the conveyed time. This commitment to transparency underpins Pulsar Money’s mission to redefine digital payments and in this way vaults are not just a on-chain storage system; they are an emblem of Pulsar Money’s commitment to foster confidence and transparency in on-chain financial transactions.
Whether it’s locking liquidity for a specific timeframe, setting aside funds for future development, or creating a treasury for community initiatives, Vaults offer a flexible solution that aligns with the needs of the project and its community. By securing funds within Vaults, projects can demonstrate their commitment to their mission and reassure their stakeholders that their resources are being managed responsibly.
Staking
The Staking Services are a valuable extension of the Pulsar Money platform. It has been developed by utilising the Astrarizon Ventures infrastructure, the accelerator that incubated Pulsar Money. This module provides a reliable and seamless staking experience for users, further expanding the platform’s capabilities. Pulsar Money’s Staking Services offer users an opportunity to earn passive income by staking their tokens. It allows users to maximize the utility of their tokens, fostering an environment of increased engagement and investment within the Pulsar Money Ecosystem.
Enhancing the On-Chain Finance Landscape
Pulsar Money’s launch on the MultiversX mainnet marks a significant milestone in the on-chain finance landscape, offering diverse modules and a commitment to continuous expansion. This platform enables real-world use cases across various industries, from streamlining salary disbursements to enhancing supply-chain transactions. Pulsar Money’s compatibility and adaptability via powerful SDKs allows for seamless integration with existing platforms, ensuring user experience and accessibility are at the forefront of its design. Built on the tamper-proof MultiversX blockchain, Pulsar Money offers transparency, customisability, and accountability for each transaction. With an exciting roadmap ahead, the platform is set to introduce new features, improvements, and strategic partnerships that expand its capabilities and reach. Pulsar Money also emphasises community involvement and educational resources, providing users with tutorials, videos, and blog posts to better understand and utilise its features while encouraging usage.
About Pulsar Money
Pulsar Money is developing a complete and ambitious Smart Payments hub. Debuting with its robust offering of five modules: Viral Pay, Smart Payments, Vesting Contracts, Vaults, and Staking Services, Pulsar Money is committed to shaping the on-chain payments Ecosystem, driving it towards greater accessibility, transparency, and efficiency. Built upon the bedrock of advanced smart contract technology offered by the MultiversX Blockchain and incubated by Astrarizon Ventures, Pulsar Money provides an assortment of solutions, meticulously tailored to cater to diverse needs across multiple industry verticals. It combines the power of real-time asset transfers, vesting, token vaults, and staking services, all under one Hub, all at scratch. These features are seamlessly integrated into a user-friendly platform, offering a sleek, intuitive user experience. Pulsar Money, with its unwavering commitment to continuous innovation and user-centric design, is focuses on defining the trajectory of on-chain payments.
Experience the future of payments redefined with Pulsar Money: For more information on Pulsar Money and its modules, visit the official website.
