Hey guys! Glad to attach at the moment and study extra about BNBPay! Are you able to inform us extra in regards to the founding of BNBPay and what the issue is that you simply had been addressing?
Thank for you having me. My identify is James and I’m the co-founder of BNBPAY- we’re a crypto venture aimed toward changing into probably the most extensively adopted crypto cost gateway for web3 commerce.
Might you please give us a rundown of an important issues about BNBPay?
Born on the BSC, BNBPay incorporates the ERC-1363 protocol to allow customers to pay bills utilizing $BPAY and different crypto tokens.
Imaginative and prescient: Trustless, immutable, and environment friendly are our core rules to construct the cost trade’s decentralized digital financial system. Our mission is to sculpt the way forward for cryptocurrency funds and to alter the best way we conduct cryptocurrency funds. BNBPay strives to turn into probably the most extensively used crypto cost for commerce. (Each eCommerce and brick and mortar retailers). Transaction affirmation in every cost shall be prepared in lower than 5 seconds which makes it well-suitable for any in-store buy.
BNBPAY PAYMENT ECOSYSTEM
•BNBPay provides a full-scale resolution for crypto cost, from the client’s Pockets to the service provider instantaneously. Why await confirmations or take care of the headache of failed transactions?
• BNBPay POS cost terminal will give retailers the choice to obtain any crypto, steady coin or fiat seamlessly to allow them to keep away from any volatility danger.
• BNBPay e-commerce permits for simple integration with on-line retailers and subscription-based companies.
• BNBPay reward system permits prospects to pay utilizing $BPAY, in addition to earn by way of staking by our BNBPay pockets.
• $BPAY is just the start, the whole crypto ecosystem is the longer term.
So going forth into 2021 and past, how will BNBPay make an influence within the crypto house, or on the world?
Behind the BNBPay venture are a gaggle of cost specialists and crypto pioneers with a long time of mixed expertise within the cost and retail POS & commerce industries.
So we now have the technical and enterprise know-how to scale BNBPAY as a enterprise, by strategic partnerships, user-centric merchandise and present networks to convey crypto funds to thousands and thousands of retailers all over the world.
BNBPay POS cost terminal will give retailers the choice to obtain any crypto, steady coin or over 150 fiat seamlessly to allow them to keep away from any volatility danger.
Now, might you inform us about BNBPay’s accomplishments to date, and within the historical past of the venture, please inform us what you’re most pleased with.
- Now we have come a good distance in just below 4 months since inception.
- Our holder wallets grew organically to nearly 50,000 holders.
- Our market cap went from beneath 1 million to nearly 450m at its peak.
- We’re scheduled to launch our BNBPAY cell app, BNBPAY e-commerce plugins, Level of Gross sales, and Staking rewards platforms in direction of the top of this quarter.
- We began the method of making use of for a cost license with the MAS (Financial Authority of Singapore).
- Now we have just lately signed a MOU with Kee Music Biotech to turn into their unique crypto cost accomplice.
- The following 12 months shall be large for BNBPAY as we glance to speed up development in service provider and consumer adoption!
Now, give us a fast rundown of the way forward for BNBPay. For instance, what new issues are you in search of to convey to life and what’s going to it imply for the general venture?
The product is every part for us. Our growth workforce is separated into product growth for the shoppers and product growth for retailers.
For the shoppers the consumer expertise is every part — an intuitive and visually beautiful UIUX expertise will go an extended strategy to rising consumer adoption and retention.
For the service provider, it’s all about seamless integration with their present enterprise cost circulate. We have to make crypto funds quick, reasonably priced, and appropriate with their present accounting, bookkeeping software program.
Inform us about your workforce. Who’re the individuals behind the screens?
CEO Zave Huang: A spirited entrepreneur who has constructed many companies, with 5+ in service provider funds. Zave is chargeable for guiding the corporate in direction of its imaginative and prescient, establishing key strategic partnerships, and purchase funding.
CTO Teason Phang: Constructed a number of tech companies together with 2 in service provider funds. Teason is chargeable for BNBPAY’s product growth and R&D.
CCO (Chief crypto officer) James Zhang: Finance entrepreneur with a love for every part crypto. James is chargeable for the token facet of the enterprise, from token advertising and marketing and group to crypto associated partnerships.
Which partnerships have BNBPay engaged to date, and which of them are probably the most impactful?
Now we have just lately signed a MOU with Kee Music Biotech to turn into their unique crypto cost accomplice.
Kee Music Group is a public listed firm in Taiwan and is among the largest poultry producer in South East Asia with income of over $100m USD every year.
We’re in talks of some extra giant corporations and plan strike extra strategic partnerships within the subsequent 12 months.
Now on a extra technical facet of issues, what are the coin metrics for BPAY, and the way do these result in a steady and balanced system?
Tokenomics is 10% BPAY rewards, 10% Dev and 5% advertising and marketing.
Now we have already burnt 20+% of provide.
Now we have been very cautious with worth stability up until now and haven’t but drawn down any of the dev or advertising and marketing pockets and sure by no means will.
We as an alternative depend on the buying and selling tax of 10% for firm bills.
The ten% buying and selling tax is there to reward early buyers with reflection and forestall front-running bots (5% reflection, 3% dev/advertising and marketing, and a couple of% auto buyback).
Our Pancake LP is locked till 2026 and we now have simply listed in your first alternate BitMart 4/11/21.
If individuals wish to observe BNBPay in your social media pages, go to your web site or learn your vital paperwork like your white paper, what are the hyperlinks they should go to? Please listing them under.
web site: www.bnbpay.io
BNBPAY Dapp: app.bnbpay.io
Service provider web site: service provider.bnbpay.io
BNBPAY crypto pockets demo: https://youtu.be/q9ecjhtSklA
Woo-commerce plugin: vamos.bnbpay.io
OpenCart plugin: buca.bnbpay.io
Thanks a lot in your time!