Token Pay is the ICO you should invest in this year if you love anonymity!

What is TokenPay?

TokenPay is a decentralized and self-verifying payment platform project. Based entirely on mathematics it is designed to enable secure transactions between multiple parties. With maximum user security as the focal point, the system is accessed exclusively through the encrypted Tor Browser which guarantees anonymous transaction for both parties, the buyer and the seller.

How Does it work?

The new cryptocurrency will use a Dual-Key stealth address.These addresses allow the user to share their address publicly but any transaction that is sent to the address cannot be linked back to it.
This means that the payment will be completely anonymus.
You can check out full details on their website: TokenPay Homepage

The current crypto market

Cryptocurrency has seen huge growth during 2017, Bitcoin is still the biggest cryptocurrency by far with a huge coin price of over $18,000. Many new users have been introduced to the world of crypto this year and want to use it to make payments.
However Bitcoin is facing some major issues, transactions have become slow and expensive, nearly all transactions are costing $10 in fees, making it impossible to make any sort of small purchase with it.
Ethereum has also faced issues, the recent crypto kitties game showed that it’s blockchain still isn’t able to successfully handle many transactions.

Coin supply and Proof of Stake rewards

The new project will only ever have a small coin supply which is limited to 25 million coins, this is different to fiat currencies that people have become used to where governments can just decide to print more money.
Miners (those holding coins) will be rewarded with 5% yearly interest.

Use of the Tor network for maximum security

The project will make use of the tor network which has become famous for anonymity, this combined with their multi signature addresses will ensure privacy for users.

Advantages

1. Fast speed of transactions, making it much more practical to use.
2. The only coin to be completely private and have an encrypted chat.
3. Monero is currently the most private cryptocurrency, however Tpay also has the advantages of running on the tor network aswell and having a secure chat.
4. Many other currencies are supposedly anonymous but they still have faults making them linkable.
5. 5% staking interest per year giving token holders an incentive to hold their tokens.

Becoming a licensed bank

Ofcourse TokenPay already has many benefits simply as a cryptocurrency for P2P transactions.
However they’re also aiming to become an international bank. They plan to either set up a bank or purchase a bank based in Vanuatu. They’re already in talks with this bank which already has an agreement with Mastercard, this will allow them to offer many banking services from the start.
They plan to offer traditional banking services with the bank based around the Hong Kong $ that is pegged to USD.

Multi Currency debit card

The new card will be linked to the Tpay digital wallets, meaning that it’s easy to load and then make purchases without the need for retailers to sign up to anything new, as far as retailers are concerned you’ll be paying in fiat with your crypto based card.
A users tokens such as TokenPay, Bitcoin or other popular cryptocurrencies will be available to spend at any store that accepts debit cards. The cards will also be able to use ATM machines for customers to withdraw cash.
The card will cost users just $15 with no fees if it’s being used in the users home country.

Payment processing

The project also aims to offer payment processing for merchants. Fees for merchants will be as low as 0.25% which is far lower than most payment processing providers. This will allow retailers to receive payments in either fiat or cryptocurrency.

Conclusion

Cryptocurrency has grown massively during 2017, however it’s still not being used for many real world transactions with the fees of most coins currently being too high.
This new currency offers many benefits such as low fees and being anonymus. If it was to launch as just a currency then I think it would do very well.
However it’s also launching as a bank which offers additional benefits.
The team behind the project looks solid with some of them having a long history in the finance and banking world.
If the project can stick to its roadmap then I’m sure the token price will rise very quickly and can bee seen with Monero an Zcash.
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