The NUPay Project Team will use the original ERC 20 token during the private sale, main ICO, and all the way to the listing. After completion of the NUPay Platform’s development, investors will be free to exchange their ERC tokens through the NUPay Wallet or the crypto exchange markets at a one-to-one ratio.
Below is the NUPay (TPCT) Token Issuance information:
If the total hard cap amount of 1,000,000,000 TPCT is not achieved, the remaining unsold tokens will be burned. The equivalent ratio of tokens will be reflected and burned from each stage of ICO (private sale and main ICO), and the number of tokens allocated to the team, advisors, market development team, and reserve will be deducted accordingly to maintain the overall ratio. The total amount of token issuance is drawn on the assumption that all tokens issued will be sold during the ICO, and it will be adjusted when the ICO is finalized.
By keeping the token proportions intact, we seek to be transparent about the token operation, and the total amount of token issuance will be finalized as the ICO comes to a close. Tentative details before the ICO are listed below.
Funds collected through ICO will be used for R&D, Marketing, Cryptocurrency, Digital Asset, and Operation&Business Development.
Market Development will be used to attract lots of consumers/users to NUPay Protocol including NUPay Platform itself.
Allocated funds for the Reserve section will be used as deposit cost for quick transfers when early users of the NUPay launch make BTC or ETH transactions and payment preparation cost for the desired payment processing on the merchant side.
