Paycoin
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Paycoin Info
Paycoin Intro
Paycoin is a cryptocurrency that focuses on making transactions convenient and accessible for daily use in various consumer scenarios. It operates under a broader ecosystem designed to bridge the gap between traditional fiat currencies and cryptocurrencies. Here’s an overview of Paycoin and its key features:
Digital Payments: Paycoin aims to simplify transactions by providing a digital payment system that can be used for a wide range of services and products. It integrates with existing payment infrastructures to allow users to pay with cryptocurrencies at stores, online platforms, and for other services just as easily as using fiat currencies.
Merchant Integration: One of the primary focuses of Paycoin is on merchant adoption. The platform offers tools and APIs for merchants to integrate Paycoin payments into their existing sales systems, making it straightforward to accept the cryptocurrency alongside traditional payment methods.
Mobile Wallet: Paycoin often comes with a mobile wallet application that enhances user experience by facilitating easy management of funds, allowing quick transfers, and supporting QR code-based payments.
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Q&A about Paycoin Tokenomics
Explore the tokenomics of Paycoin(PCI) and review the project details below.
What is the allocation for Paycoin(PCI)?
Huobi Korea Prime (1%): 1% of PCI’s total supply was released to the market through Huobi Korea Prime.
Reserve (11%): Under the amended distribution plan, Paycoin Reserve will be used to directly expand the Paycoin ecosystem, specifically for new development, supporting and fostering the trade on exchanges. Reserve asset will not be sold to the market. It will only be used for cases where development cost must be paid in Paycoin, or for expanding and supporting the exchange activities.
Ecosystem Incentive (24%): From the beginning of its service launched, PayProtocol has been putting efforts and large amount of resources to make it easier for merchants to quickly adopt PCI as means of payment. Ecosystem Incentive is allocated for these merchants to encourage their customers to use PCI in payments, and provide various benefits.
Marketing (14%): PayProtocol aims to maximize the value of PayProtocol, and proceeds with various marketing to become a unified payment platform. The amount allocated in Marketing will be used for such marketing costs. After the burn announcement, we have added the PCI allocation in “Marketing” to push forwards the business in South Korea. After the token burn, additional 218,230,000 PCI has been allocated from the “Reserve” held by the company. This will only be used for marketing promotion and airdrop purposes in Korea and will not be sold to the market.
Paycoin Operation (9%):PayProtocol has set aside 9% of PCI’s total supply as the operating costs for Paycoin's
actual operation and business initiatives. In long run, Paycoin will generate its own revenue through its own business model through utilizing PayProtocol.
Team (5%): PayProtocol was developed with the full support of PayProtocol and Paycoin Team, and several other related parties. PayProtocol has allocated a portion of PCI’s total supply to its teams including PayProtocol, Paycoin Team, and other related parties.
Advisors (10%): From the initial planning stage of the project, PayProtocol sought various advice and insight related to the implementation of blockchain into payment system from experts, technical teams in the relative field. Until today, these advisors continue to help the operation of PayProtocol’s network and services. PayProtocol has allocated a certain proportion of the total PCI supply to these advisors for their long-term cooperation and consultation.
Cross Border (26%): Cross Border will be used for marketing promotions to expand Paycoin’s global business. Total of 500,000,000 PCI has allocated from “Reserve” held by the company. This will only be used for marketing promotion to global users and will not be sold to the market. 100,000,000 PCI will be unlocked annually for 5 years. with the last unlock scheduled in November 2026.
What is the supply schedule for Paycoin(PCI)?
PCI’s post-burn lock up/unlock plan is as follow:
Paycoin Token Allocation
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Paycoin is a cryptocurrency that focuses on making transactions convenient and accessible for daily use in various consumer scenarios. It operates under a broader ecosystem designed to bridge the gap between traditional fiat currencies and cryptocurrencies. Here’s an overview of Paycoin and its key features:
Digital Payments: Paycoin aims to simplify transactions by providing a digital payment system that can be used for a wide range of services and products. It integrates with existing payment infrastructures to allow users to pay with cryptocurrencies at stores, online platforms, and for other services just as easily as using fiat currencies.
Merchant Integration: One of the primary focuses of Paycoin is on merchant adoption. The platform offers tools and APIs for merchants to integrate Paycoin payments into their existing sales systems, making it straightforward to accept the cryptocurrency alongside traditional payment methods.
Mobile Wallet: Paycoin often comes with a mobile wallet application that enhances user experience by facilitating easy management of funds, allowing quick transfers, and supporting QR code-based payments.