🇺🇲Payment Service Model(EN)

KONPAY provides a blockchain-based integrated payment service so that network users can use P2P remittance and payment, and merchant simple payment functions more cheaply and efficiently through easy payment apps (iOS, Android).

In the case of KONPAY's payment function, network will receive 0.4% of KONPAY coins paid by users as payment fees, and remaining 99.6% will be sent to merchants. This has the advantage of not only allowing merchants to expect greater operating profits but also easily securing liquidity due to rapid settlement because the payment service can be used at a lower fee than the existing payment fee. In addition, a certain amount of payment fees received as network fees are compensated to KONPAY users (buyers, sellers) in the form of rewards. This will be paid as compensation to users in various ways, such as promotions such as 5% additional discount when paying, and user fees, so that they can be returned and used in KONPAY economy.

In the case of the P2P remittance function provided by KONPAY, the sender pays a 0.05% fee to the network and sends 100% of the amount to be remitted to the recipient. And the fee received by KONPAY is paid as a reward for verification and creation of blocks and users who use the network payment function and remittance function.

■ Platform Provider

The platform provider provides platform services that support payment and transaction, and a certain transaction fee is paid in return according to the user ratio. To become a platform provider, you need to perform KYC and AML procedures in the area, and you need to build your own CA server. In addition, beyond a digital asset wallet service that simply provides a payment function, you can become a merchant and develop your business.

For example, in the case of an online shopping mall or franchise branch, in addition to using the payment function as a merchant in the KON PAY network, as a platform provider, various payment and remittance functions using KON PAY within the shopping mall are provided directly to their customers or employees business models can be diversified.

■ Node Peer System

In general, a blockchain network consists of a series of peer nodes (units in which nodes are connected in groups). Peers are the actual block verifiers that host the very important blockchain ledger and smart contracts in the network, and are responsible for verifying, creating, and disseminating blocks, in exchange for a separate fee.

In the KONPAY network, the terminal is in charge of peer block verification through the node peer system. Since software for block verification is installed in the terminal, the merchant provides payment services using the terminal, and also acts as a block verifier, and through this, additional compensation is received. In addition, a node peer partner method in which general platform users can staking a certain amount of KON COINs and lend terminals to small business owners will be provided. At this time, the user and the franchisee share a certain stake in the reward obtained during block verification, so the small business franchisee has the advantage of using the payment service without the initial investment, and the user gets ancillary benefits through staking.

■ Marketplace

KONPAY will also provide individual users with KON COIN transactions and crosscurrency transactions using the marketplace, so that all users can instantly trade points and digital assets with minimal fees. Fees received through marketplace transactions are used to compensate users for using the platform and to maintain and repair services. In addition, to use the marketplace, you can directly pay the fee with KONPAY, or you can use the service by selecting KONPAY automatic conversion payment.

In addition, if there are coupons or loyalty points issued by KONPAY's platform providers, peers, merchants, etc., users can use the platform more efficiently by expanding the use of points within the platform or enabling P2P transactions between users in the marketplace. It will provide a degree of freedom to use the points of.