TokenPay — incorporating Bitcoin cryptographic technology with advanced security and privacy features
The Tokenpay platform is a payment decentralized platform based on blockchain technology. At its core, the Tokenpay platform is designed to replace the bank, taking over only positive experience and adding technical equipment and mobility to the process of working with accounts.
The platform has its own cryptocurrency — TPAY tokens that allow making transactions quickly and safely due to the ability to perform a completely anonymous sale through confidential messaging, as well as the ability to hide a sender’s address. In total, it is planned to issue 25 million tokens, of which 14.25 million tokens will be sent for sale.
Users will be able to buy the platform tokens for Bitcoins in the ratio of 1 BTC to 2000 tokens. The minimum purchase amount is limited and is 0.01 BTC. Also, the Tokenpay platform supports the ability to work with Ethereum basing on the ETH-20 standard. The tokens that will not be be sold, will be sent to the reserve.
The Tokenpay platform’s feature is an excellent level of digital protection. For example, there is the MTE transaction mechanism on the platform, which protects users of unwanted transactions, i.e. to transfer money to the address of another user you need not only the consent of a sender, but also a recipient’s consent to the transaction. Only after a transaction is approved by the two parties to a transaction, it will be executed.
Confirmation of a transaction occurs through the approval of a document by an electronic digital signature. It is generated independently by each user and, subsequently, secret keys are kept secret, and public keys are subject to free circulation. The introduction of this key creates additional protection for a user, providing him/her with the ability to work anonymously and without risk, and creates an unconditional advantage over other payment platforms.
Another innovation of Tokenpay is the ability to encrypt messages exchanged between platform participants, from hacking. That is, a message is encoded on the server, and it is available as a text only to a sender and a recipient.
The Tokenpay platform was created at the 4th quarter 2015. The start of sales is scheduled for December 7, 2017, and lasts until January 17, 2018. After the completion of the crowdsale, the founders of the Tokenpay platform plan to run a crypto wallet. In the 2nd quarter, it is planned to fully purchase the Bank or enter into cooperation with an already operating one. The Tokenpay platform plans to open its bank, or buy a working bank with a good reputation in Vanuatu. Currently, negotiations are under way with this bank on the issue of cooperation. The essence is to offer customers traditional banking services, but with a fiduciary status.
The Tokenpay platform plans to operate in the Hong Kong dollar, which has a US dollar at the base. Further, the platform plans to switch to the work of a payment platform in the form of P2P, issue BlueDiamond debit cards for holders of platform crypto accounts.
The advantages of such a system will be confidentiality, the ability to carry out transactions in different currencies, the ability to work in an international format, the availability of work with Tokenpay anywhere in the world. Moreover, the Tokenpay platform plans to issue its debit card, allowing its users to work with the cryptocurrency not only through the Internet, but also to use it to make purchases. Undisputed advantages of the BlueDiamond card of the Tokenpay platform are low commission fees, global access to cash through any ATM, conversion of the cryptocurrency into dollars in real time.
Thus, the Tokenpay platform represents a unique opportunity to work with high-level software against burglary and viruses through the presence of an electronic digital signature, and the ability to encrypt messages. In conclusion, it should be noted that platform developers recommend to disconnect from the Internet when generating a key, which guarantees 100% confidentiality of a secret code.
Website: https://goo.gl/fydYHW
White Paper: https://www.tokenpay.com/whitepaper.pdf
Author: https://bitcointalk.org/index.php?action=profile;u=1050687
