What is BePAY Finance (BECOIN) ?
BePAY Finance (BECOIN) is a DEFI (Decentralized Finance) protocol that is the first BNPL (Buy Now Pay Later) platform based on block chain technology. bePAY will offer significant cost savings to all participants in the ecosystem by utilizing smart contract technology and block chains. bePAY aims to be a key participant in offering DEFI e-commerce and in-store solutions to shoppers and merchants.
BePAY Finance (BECOIN) will also allow users to pay for their shopping with any approved cryptocurrency that they hold in their bePAY wallet. Shoppers will be rewarded through a program that will benefit all participants in the bePAY ecosystem.
BePAY Finance (BECOIN) is powered by the BECOIN token which will be used as a mechanism through which the protocol is governed. Broad distribution across the entire ecosystem including users, merchants, and marketplaces will ensure that all participants are rewarded.
BePAY Finance (BECOIN) Storage Key Points
Coin Basic | Information |
---|---|
Coin Name | BePAY Finance |
Short Name | BECOIN |
Max Supply | 6,500,000 |
Tota Supply | 6,500,000 |
Source Code | Click Here To View Source Code |
Explorers | Click Here To View Explorers |
Twitter Page | Click Here To Visit Twitter Group |
Whitepaper | Click Here To View |
Support | 24/7 |
Official Project Website | Click Here To Visit Project Website |
BePAY Finance (BECOIN) Governance Token – beCOIN
The native token is used in bePAY Ecosystem to:
- beCOIN used to pay the Platform fee for any transactions completed within the platform such as installment repayments by shoppers, interests return to investors, sale payments to merchants. The fee is 1%.
- Use 20% benefit to buy back and burn.
- Reward Customers when they complete each payment installment to credit Customers discounts to motivate them to shop with bePAY-powered Merchants.
- To give merchants some credits to distribute as discounts for their customers.
- In the future, this can be used for voting purposes, to reshape the future of the bePAY platform.
BePAY Finance (BECOIN) Ecosystem
The ecosystem consists of:
- bePAY Platform.
- POS/eCommerce Solutions that integrate bePAY for their merchants.
- Retail Merchants & eCommerce Stores who use bePAY Online Payment Gateway.
- Staking Mechanism – bePAY Protocol to allow crypto investors to stake their stablecoins with the bePAY platform and earn yield.
- Crypto Wallets that integrated with bePAY to allow Customers to pay at bePAY merchants
Stake
BePAY Finance (BECOIN) Stake an approved stable coin and earn a yield over the selected term. Staking your approved stable coin means you also receive bePAY governance tokens as an added bonus. Users will be able to hold, transfer and stake their crypto holdings through the integrated wallet in the bePAY app. Stake your bePAY tokens and receive more bonuses.
Shop
BePAY Finance (BECOIN) gives approved users the ability to purchase online or in store from merchants on platform. At the checkout users will have the option of paying with either the BNPL payment solution (for approved users) or they can use any of the approved crypto assets they hold in their digital wallets.
BePAY Finance (BECOIN) Users who use the BNPL solution repay the purchase in four equal installments over 3 months. Repayments can be made with approved crypto coins or direct debits made from their debit or credit cards. Once the installments have been completed the user will receive a reward in the form of bePAY tokens.
BePAY Finance (BECOIN) Buyers can also shop for their products with any of their approved crypto assets. Users can use the bePAY tokens earned to access higher purchasing limits or to vote on proposals that will continue to shape the direction of the protocol into the future. bePAY tokens can also be used to shop in merchant stores.
Wallet
BePAY Finance (BECOIN) allows users to pay for their shopping with any approved cryptocurrency that they hold in their wallet. Shoppers will be rewarded through a program that will benefit all participants in the bePAY ecosystem
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