TokenPay

INTRODUCTION
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. It was a combination of human ingenuity and societal commitments that drove the need to come up with innovative solutions to tackle the most
intricate concept of human interaction handling the exchange of value.
Cryptocurrencies represent the next level in the evolution of money. The
technology behind this new form of money called blockchain. It is entirely
driven by math and is completely decentralized. Most notably, unlike all
previous forms of money, cryptocurrencies are not able to be manipulated. It is essentially money 2.0.

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. It
has massive liquidity with billions of dollars of Bitcoin traded and used daily.
This exceeds the GDP of many sovereign nations. In fact, the market
capitalization of Bitcoin now exceeds that of Goldman Sachs. There are 16
million Bitcoins in circulation among thousands of holders. Bitcoin is only one
of the more than 850 cryptocurrencies available for people to buy, use and
trade. These other coins are known as altcoins. Many are based on the Bitcoin
platform, others on highly liquid Ethereum and Litecoin. The features of the
coin vary widely from practical to practically useless depending on the
underlying technology. However, there exists a dramatic misalignment in the
metamorphic shift to digital currencies.

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. This is the early stage of a transition
towards the decentralization of the financial world. But there is resistance The powerful and entrenched institutions are not keen to transact in
cryptocurrency. And the influence of powerful special interest groups ensures
that traditional banks do everything possible to reject this new form of capital.

However, blockchain technology makes the adoption of cryptocurrencies
possible. It is mathematically fluid and moves much faster than a central bank, a regulatory body or international fiscal treaties. Currently, there exists an intermediate “limbo” state whereby many cryptocurrency holders are unable to benefit from the corresponding economic value. There must be a solution to this critical problem that is affecting an rapidly increasing amount of people.

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.

WHAT IS TOKEN PAY?
TokenPay is a blockchain project that incorporates bitcoin cryptography technology with previous security and privacy features. In addition, TokenPay is building a platform that combines closed banking and private exchange. This allows the wider adoption of coins through consumer and merchant services. developing tokenpaycoin and the infrastructure to support its daily use is an important step.

The TokenPay platform has been designed to combine the strengths of an established banking institution with the flexibility and future potential of cryptocurrency. This network enables the exchange of Bitcoin, Ethereum and other major emergency crypts by bridging the transition gap to fiat. It also allows unlimited user access to cryptocurrency funds at point-of-sale merchants and ATM locations worldwide.

Users will have the ability to store Bitcoin and other cryptoes in a secure and insured wallet similar to what customers in regular banks provide fiat accounts. As a result, Counterparty Risk is naturally minimized with licensed and bonded banks. Token TPAY sales funds are intended to be used to complete banking acquisitions. This bank will operate in a way that will meet and understand the uniqueness of the needs of global cryptocurrency holders.

VISION TOKENPAY

Image result for TOKENPAY ICO

TokenPay is in negotiations to form a new bank charter, acquire a bank or
partner with a 20 year old bank, in an attractive, privacy-driven jurisdiction. In addition to cryptocurrency holder consumer benefits, TokenPay plans to
introduce a complete suite of merchant services through the robust TokenPay
banking platform. All billing and fees collected will be denominated in the
TPAY digital token, which has already been thoroughly tested and developed.
TPAY is an ultra-privacy coin that is functionally superior to Bitcoin in many
ways. It contains several unique features such as multi-signatures, ring
signatures, dual-key stealth addresses, ZK proofs (zero-knowledge), along
with a fully encrypted and decentralized Tor network integration. TPAY is the
backbone of TokenPay’s fundamentally core cryptocurrency-friendly banking
integration.

THE TOKENPAY PROJECT
TokenPay is a blockchain project that incorporates Bitcoin cryptographic
technology with advanced security and privacy features. Additionally,
TokenPay is building out a platform that combines banking and a closed-end
private exchange. This enables wider adoption of the coin via consumer and
merchant services. Developing a TokenPay coin and the infrastructure to
support its everyday seamless use is a crucial step.

Why did TokenPay base its Blockchain off of Bitcoin?
In 2008, Satoshi Nakamoto released the whitepaper and source code of the
Bitcoin blockchain. Nakamoto’s goal was to create a digital currency. One
which was not centralized by a government or a federal reserve. It is open
source and allows other cryptographers to improve upon the code. As of 2017,
various developers have produced many different cryptocurrencies. All claim
to have superior technology. However, Bitcoin still dominates the market.
Nevertheless, the risk of newer blockchains are prone to security and privacy
risks. This is a risk TokenPay is not willing to assume given the critical nature of the application. TokenPay has combined the most secure privacy and security features ever released by leveraging its unique blockchain with a combination of the core Bitcoin source coupled with legacy proven, secure and privacy-focused features.

Proof-of-Stake is Superior to the Proof-of-Work Mining System
Proof-of-work or PoW is a capital-intensive process to earn Bitcoin. Any entity
with the right equipment and knowledge of blockchain can “mine” or earn
Bitcoins. The process to mine bitcoin consists of acquiring expensive
computers or “mining equipment” that uses the processing power of graphics
chips and electricity to solve advanced mathematical puzzles.

When puzzles are solved, the computers confirm transactions that allow it to
earn Bitcoin as its reward. In 2017, the cost of mining a single Bitcoin reached
over USD $1000. As fewer Bitcoins are being made available as rewards the
costs will only escalate as mining competition intensifies.

Proof-of-Stake or PoS is a newer form of mining that is referred to as forging.
Coins are earned as a function of and by virtue of being held continuously in a
digital wallet. PoS is an energy efficient way to earn coins because no specialty mining equipment is needed. All that is required is for the user to
have a desktop, laptop or mobile device. The network of processors creates a
decentralized mining system. This allows an extension of the blockchain by the user that stakes or holds coins in a wallet. In order to earn additional coins, the user must simply keep the corresponding wallet open. For instance, if a person has a TokenPay wallet running on desktop, the wallet is allocating a percentage of the available processing power to enable the decentralized
network to complete a blockchain. The person is then rewarded in additional
TPAY coins for allocating processing power to the system.

Receive Rewards for Powering the Decentralized Network

TokenPay will only have a total of 25 million coins ever produced. This is unlike a centralized fiat currency system where money supply can be increased by human decision. TokenPay is fostering a strong user driven community by allocating 25% of the total coins produced for Proof-of-Stake rewards. The TPAY rewards are given at a distribution rate of 5% per year. Rewards are pro-rated and distributed on a daily basis. A typical user with 100 TPAY in a TokenPay branded wallet will receive 5 coins per year or 0.0137 TPAY per day.

TokenPay SCI or Secure Communication Interface
All messages sent and received are encrypted by proven AES-256-CBC Algorithms and are distributed among nodes in such a way as to prevent the recipient’s messages being hacked or viewed by anyone it is not intended for, even if the hacker can see the entire network and run network nodes .

TOKENPAY TECH SPECIFICATIONS

Practical Uses of the Blockchain Technology TokenPay’s blockchain and integrated technology allow users the ultimate private, secure method of conducting transactions and communication. Below is a real-life example of how the TPAY coin technology can be used.

Transactions

Practical Uses of the Blockchain Technology TokenPay’s blockchain and integrated technology allow users the ultimate private, secure method of conducting transactions and communication. Below is a real-life example of how the TPAY coin technology can be used.

TPAY is Bitcoin on Steroids Transacting in TPAY is infinitely more secure and anonymous than with Bitcoin. It is uniquely privacy feature packed with multi and ring signatures, dual-key stealth addresses, zero-knowledge proofs, unbreakable Tor network integration and its own closed-end secure communication interface. TPAY users enjoy full anonymity when exchanging tokens and trading with other platform users. For this reason, TPAY has been colloquially referred to as the “Bitcoin on Steroids.”

THE COMPETITIVE LANDSCAPE OF BLOCKCHAIN TECHNOLOGY TokenPay Digital Wallet Users Generate TPAY Coin Rewards The TokenPay secure SHA-256 encrypted wallets deploy next generation technology that is fully integrated with the TPAY proprietary blockchain. TPAY is a Proof-of-Stake coin. It distributes rewards to network holders that use the wallet. The decentralized network expands virally by leveraging the processing power provided by TPAY holders’ graphics cards. This amplification is powered by the TokenPay desktop wallet holders.

TEAM

ADVISOR

more info :

Website: https://www.tokenpay.com/
Whitepaper: https://www.tokenpay.com/whitepaper.pdf
Facebook: https://www.facebook.com/tokenpay
Twitter: https://www.twitter.com/tokenpay
Telegram: https://t.me/tokenpay

By RyanEncek

https://bitcointalk.org/index.php?action=profile;u=1076774