Tokenpay-A Smart Way to Conduct Secure Transactions Globally
Tokenpay-A Smart Way to Conduct Secure Transactions Globally
The TokenPay platform has been designed to combine the strength of established banking institutions with the flexibility and future potential of kriptocurrency. This network allows the exchange of Bitcoin, Ethereum and other major cryptocurrencies by bridging the transition gap to fiat.
It also allows unlimited user access to cryptocurrency funds at merchant locations and ATM location sales worldwide. Users will have the ability to store Bitcoin and other cryptoes in a secure and insured wallet similar to that of a customer in a regular bank for fiat accounts.
As a result, counterparty risk is naturally minimized with licensed and bonded banks. The TPAY token sales fund is intended to be used to complete the acquisition of the bank. The bank will operate in a way that will meet and understand the unique needs of global cryptocurrency holders.
Tokenpay Vision
TokenPay's goal is to give clients the opportunity to facilitate the usual crypto of hard asset transactions easily.
TokenPay is in negotiations to form a new bank charter, acquire a bank or partner with a 20-year-old bank, in an attractive and privacy-based jurisdiction. In addition to the consumer benefits of kriptocurrency, TokenPay plans to introduce a full suite of merchant services through TokenPay's powerful banking platform.
All charges and charges collected will be denominated in the TPAY digital token, which has been thoroughly tested and developed. TPAY is an ultra-privacy coin that is functionally superior to Bitcoin in many ways. It contains some unique features like multi-signature, signature ring, dual-key stealth address, ZK proof (zero-knowledge), along with the integration of Tor's encrypted and decentralized network. TPAY is the backbone of the integration of the fundamental cryptocurrency banking of TokenPay.
Six Key Tokepay Security Features That BITCOIN Does Not Have
Multi-Signature Transactions: Standard transactions on the
TokenPay network could be called
“single-signature transactions,”
because transfers require only one
signature — from the owner of the
private key associated with the
TPAY address. However, the
TokenPay P2P network supports
much more complicated
transactions that require the
signatures of multiple people before
the funds can be transferred. These
are often referred to as M-of-N
transactions. The idea is that TPAY
coins become “encumbered” by
providing addresses of multiple
parties, thus requiring the
cooperation of those parties.
Ring Signatures: In cryptography, a ring signature is a
type of digital signature that can be
performed by any member of a
group of users that each have keys.
Therefore, a message signed with a
ring signature is endorsed by
someone in a particular group of
people. One of the security
properties of a ring signature is that
it should be computationally
infeasible to determine which of the
group members' keys were used to
produce the signature.
Dual-Key Stealth Addresses: These addresses are different from the
standard addresses commonly used in
cryptocurrencies and allow for better
privacy. A dual-key stealth address can
be shared publicly by the recipient yet
any transaction made out to this
address cannot be linked back to it.
When the stealth address has been
revealed to the payer(s), it will enable
the payee to receive infinite unlinkable
payments. Meaning that each payment
to a Stealth address computes a new
unused normal address on which the
funds ought to be received, any eavesdropper
will be unable to link the two
addresses.
TPAY combines these features available
to make the user experience a private
and secure one.
Zero-Knowledge Proof: In cryptography, a zero-knowledge
proof or zero-knowledge protocol is
a method by which one party (the
prover) can prove to another party
(the verifier) that a given statement
is true, without conveying any
information apart from the fact that
the statement is indeed true.
If proving the statement requires
knowledge of some secret
information on the part of the prover,
the definition implies that the verifier
will not be able to prove the
statement in turn to anyone else,
since the verifier does not possess
the secret information.
Tor Network Integration: Tor is a distributed overlay network
designed to anonymize low-latency
TCP-based applications such as web
browsing, secure shell, and instant messaging.
Clients choose a path through
the network and build a “circuit'', in
which each node (or onion router) in
the path knows its predecessor and
successor, but no other nodes in the
circuit. Traffic flowing down the circuit is
sent in fixed-size "cells," which are
unwrapped by a symmetric key at each
node (like the layers of an onion) and
relayed downstream.
TokenPay SCI or Secure
Communication Interface: TokenPay has incorporated a peer-to-peer
encrypted instant messaging system
using algorithms to maintain private
conversations when using the TokenPay
wallets.
All of the messages sent and received are
encrypted by the proven AES-256-CBC
algorithm and distributed between nodes
in such a way as to prevent the recipient's
messages from being hacked or viewed
by anyone that it was not intended to,
even if the hacker can view the entire
network and/or run nodes of the network.
To reduce significantly the risk and
inconvenience of sharing passwords, we
implemented the proven and trusted
method of Elliptic Curve Diffie-Hellman or
also known as an ECDH key exchange.
This level of encryption is at the same
level as what governments use for top
secret files.
TOKENPAY TECH SPECIFICATIONS
SPECIFICATION
|
VALUE
|
EXPLANATION
|
Protocol
|
PoSv3
|
PoS means
Proof-of-Stake which is the method TokenPay has used
|
Block Time
|
60 Seconds
|
Block Time is
the amount of time it takes to complete a block in the blockchain.
|
Difficulty
Re-target
|
10 minutes
|
Difficulty
retarget when the chain decides to alter its difficulty depending on how many
people are staking or mining.
|
Nominal Stake
Interest
|
5% Annually
|
Nominal Stake
Interest is the amount of TPAY coins.
|
Minimum Stake
Age
|
2 Hours (no
max age)
|
Minimum Stake
Age means the minimum amount of hours a desktop wallet has to be running to
claim any rewards. Keep in mind that a mobile wallet or exchange that holds
TPAY coins will not be eligible for staking rewards.
|
P2P Port
|
8801
|
TokenPay’s
Peer to Peer port allows connections between peers.
|
RPC Port
|
8800
|
TokenPay’s
Remote Procedure Call Port is to allow connections to our server.
|
Blockchain
Explorer
|
Website
|
http://explorer.tpay.ai
allows anyone to view public ledger transactions on the
|
Transactions
SPECIFICATION
|
VALUE
|
EXPLANATION
|
Minimum
Fee
|
0.0001 TPAY
|
This is the
fee that will be charged for every transaction made on the blockchain but is
not a fee that TokenPay would receive it is essentially burned
|
Confirmations
|
6 Blocks
|
This is how
many times in the network a transaction has to be confirmed before a
transaction can be approved.
|
Maturity
|
100 Blocks
|
this is the
number of transactions it would take to complete a block in the blockchain.
|
TOKENPAY SECURE MULTI-SCREEN ENCRYPTED WALLETS
TokenPay’s secure encrypted wallets employ breakthrough Proof-of-Stake
automation technology that is powered by the fully decentralized TPAY
blockchain. Desktop wallet users receive rewards for simply leaving the wallet
open. The processing power of the computer graphics card drives the TPAY
settlement engine. This is a decentralized network, powered entirely by its
users.
In order for TokenPay coin holders to take advantage of all of these security
features they must download our wallet.
INTERNATIONAL MULTI-CURRENCY CRYPTO DEBIT CARD
The concept behind the fully integrated BlueDiamond debit card is that it will
be easy to load given its direct connection to the TokenPay digital wallets.
Therefore, spending can be done virtually or at any point-of-sale merchant
either online or in person. Additionally, the international debit card allows
instant access to multi-currency funds at network automated teller machines.
Transparent pricing and low fees make the BlueDiamond debit card a very
attractive mechanism for cashing out digital tokens to enable hard asset
purchases.
A user’s digital tokens like TPAY or Bitcoin can be accessed whenever needed
thanks to the closed-end real-time private exchange that will be part of the
TokenPay banking platform. Accordingly, there is no need for the user to have
to convert exact quantities of digital tokens to conduct a fiat transaction.
PAYMENT PROCESSING SERVICES FOR ONLINE MERCHANTS
TokenPay's merchant services division offers businesses around the world the
opportunity to transact with TPAY as well as other cryptocurrencies. All of this
is possible with the integration of our planned bank and exchange to provide
liquidity. Businesses will have the flexibility to convert crypto to fiat. Also, fees
for merchants will be as low as 0.25%. Merchants accepting TPAY will save
more than 90% from traditional merchant service options.
TokenPay BlueDiamond Cardholder Benefits
TOKENPAY BLUE
DIAMOND CARD
|
USD
|
Physical card issuing fee
|
$15
|
Virtual card issuing and Annual fee
|
Free
|
Physical card Annual fee
|
Free ($10 if less $1,000 yearly spend)
|
Domestic and Foreign exchange fee
|
Free
|
ATM withdrawal in domestic currency
|
0%
|
ATM withdrawal in other currency
|
$3
|
Shipping of physical card
|
$5
|
ATM withdrawal in other currency
|
3 to 4 Weeks
|
Expedited shipping
|
$70
|
- Low Cardholder Fees: TokenPay will provide some of the lowest fees in the industry to make sure owning and using the BlueDiamond card.
- Global ATM Access--: With the BlueDiamond card you will be allowed to access ATM’s all over the world. TokenPay understand that crypto holders are the most well-travelled in the world.
- Real-time Conversion: When transactions are made via the BlueDiamond card it will automatically convert to the currency of the merchant.
- Multi-currency Support: TokenPay will allow transactions in cryptocurrency and fiat linked to the BlueDiamond card. Users will be able to setup a default currency.
- Blue Diamond Card Purchase Rewards: All transactions paid with TPAY will receive a 1% “crypto-back” reward.
Team
- Derek Capo-CEO: Derek is a former hedge fund analyst who most recently served as VP of International at RoboTerra. He has a finance degree from FIU and has completed advanced Chinese studies.
- Carlos Salazar-CTO: Carlos is a cyber security expert with experience managing IT for large international gaming clients. He studied Chemical Engineering at UCR.
- Joseph Pacetti, CPA-CFO: Joseph is a compliance expert with significant Mergers and Acquisitions experience. He is a Certified Public Account who holds a Masters Degree in Accounting from FIU.
- John Singh-CMO: John has developed marketing campaigns for several global automotive brands with the objective of building social engagement. He has an International MBA from FIU.
- Senen Garcia-GENERAL COUNCIL: Senen is a corporate lawyer with 15 years of experience specializing in forensic tax issues. He holds a JD and MBA from St. Thomas University.
- Aaron Tian-APPLICATION DEVELOPER: Aaron is a fullstack commercial software developer buidling internal applications for companies like Rakuten, Veeca and App Annie.
- Laurance Gerges-SENIOR UX/UI DESIGNER: Laurance is a detail-oriented and talented graphics and web designer with 5+ years experience in UX/UI/front-end development and print design.
- Vlad Turtoi-AUTOMATION DEVELOPER: Vlad is an end-to-end product developer with full stack engineering capabilities. He specializes in developing complex AI enterprise solutions.
Advisors
- Sunerok - Verge Currency (XVG)-BLOCKCHAIN AUDIT: Sunerok is the Lead Developer of the Verge Cryptocurrency. It is a secure, anonymous and heavily traded privacy coin that has been widely adopted by crypto enthusiasts.
- Carlos Arraya-LEGAL ADVISOR: Carlos is a compliance specialist experienced in AML, international banking, trusts and global acquisitions. He is a licensed attorney and Bar Association committee Director.
- Charles Moscoe-STRATEGY ADVISOR: Charles is a technology investor with over 20 years of experience in internet commerce. He has funded several fintech startups including investFeed, a popular crypto social network.
- Elizabeth Vrettos, CPA-AUDIT ADVISOR: Elizabeth is a manager and expert in Forensics with PricewaterhouseCoopers. She specializes in investigations of bribery, corruption, fraud and due diligence procedures throughout LATAM.
For More Informations
Bitcointalk Profile: moetimas
Ethereum Address: 0xF234Fd34C70C1868734a54DEf1A19C7e27add4F2
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