FIRMACHAIN, to support ‘cryptocurrency payment’ on an E-contract platform

FIRMACHAIN_CM
FIRMACHAIN
Published in
3 min readSep 20, 2022

Hello. This is FIRMACHAIN.

Using FIRMACHAIN’s FCT(FCT2), users will now be able to pay the subscription fee of the ‘E-contract platform DONUE’.

What is DONUE?!

DONUE Website

DONUE is FIRMACHAIN’s technology partner and the service provider of the e-contract platform DONUE which stands out in terms of service security and reliability when compared to other e-contract services in the market. DONUE utilizes blockchain technology by using the FIRMACHAIN’s mainnet Colosseum.

By recording the unique hash value of the original contract document on blockchain, DONUE guarantees the authenticity of the contract document and the transparency of any transactions.

In 2022, the company was selected as one of the suppliers of the “K-voucher Platform”, a post-COVID era government subsidy program hosted by the Ministry of SMEs and Startups. In June of 2022, DONUE acquired the information security management certification ‘ISO/IEC 27001’.

How can we use FCT(FCT2) on DONUE?

Even though you can find a more detailed user guide on DONUE’s website, following is a brief summary on how users can use FCT(FCT2) on DONUE. Users must first download the Firma Station mobile application from the application marketplace and create an individual wallet on the application. Then users can login to DONUE to choose a subscription plan of their choice and scan the QR code of the selected plan. By scanning the QR code, users will be directed to the page where they can pay the subscription fee using FCT2.

As many of you are already well aware, FCT/FCT2 is the token used in the FIRMACHAIN ecosystem and is listed on exchanges such as Upbit and Bithumb. To prevent confusion with another blockchain project that uses the ticker FCT from happening, FIRMACHAIN’s token is distinguished by using the ticker FCT2.

By allowing payments to be made in cryptocurrency, not only blockchain experts or investors but also the wider public will be able to gain a firsthand experience of using cryptocurrency in their everyday lives. Additionally, the security of the utility platform DONUE, which is based on the blockchain network, is expected to be greatly enhanced.

The act of allowing subscription fees of a web based service to be paid in cryptocurrency will strengthen the Colosseum mainnet’s token economy thereby resulting in a virtuous cycle that is expected to further invigorate the FIRMACHAIN ecosystem. This collaboration between FIRMACHAIN and DONUE will result in a win-win for both parties.

Before making any payments, users are strongly recommended to take the necessary precaution of reading through the user guide and the terms and conditions of the services provided on the DONUE website.

We will do our best to come back to you with more interesting and exciting news in the future.

Thank you.

For more information about FIRMACHAIN, or partnership inquiries, please contact us at contact@firmachain.org. Those who wish to join the FIRMACHAIN team, please contact us at info@firmachain.org.

About FIRMACHAIN

FIRMACHAIN originally aimed to transfer all paper based social and legal activities onto the blockchain to introduce transparency and prevent document tampering and forgery. Maintaining the fundamental value of trust, the FIRMACHAIN team is now turning its gaze to becoming a comprehensive blockchain platform. Our goal is to provide business entities and FIRMACHAIN holders with useful blockchain based services that are useful yet fun to engage with thereby satisfying the team’s goal to become a ‘Utilitainment’ (Utility + Entertainment) platform.

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