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about

About
ALLPAYCOIN

AllPay Coin is a platform that simplifies the payment process for rapid processing speed by replacing the roles of various intermediaries in the existing payment system with smart contracts and cryptocurrency payment processing of the block chain, and provides payment services with customized cost. In our platform, the intermediary participants and payment processing stages can be minimized. Consequently, we can provide a minimized commission rate for payment service and additional compensation to the seller by using the reduced resources.

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Innovative Mission & Vision

AllPay Coin has the innovative vision and mission as follows.

Allpay Platform feature

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Allpay Mainnet

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SYSTEM ARCHITECTURE
AllPay's mainnet system is designed with the following architecture. The system framework was developed with guarantee personal privacy based on payment services. All requests from smart contracts within the layer that will activate in AllPay’s system are performed through a protected API.
AllPay system issues smart contracts in charge of remittance, financial data processing, and transaction. This smart contract is designed to provide services for payment, remittance, and financial product transaction. The AllPay infrastructure layer includes all smart contract codes working in the framework, as well as the user's account transaction, remittance and financial product details. All Information is managed on the blockchain system. The AllPay blockchain can recommend a customized products for users by deep learning.
Blockchain Framework
This framework provides a cryptocurrency gateway for exchanging cryptocurrencies between various blockchain systems, as well as a matching engine and financial solution. AllPay payment is designed and performed according to the smart contract characteristics. Access to each layer of the framework is limited to the AllPay system, which validates and distributes all transactions in the system.
The application layer creates accounts for payment, introduces how to use products designed based on smart contracts, and transmits user's requests to the framework. The smart contract allows users to create their own AllPay account, pay money, and use payment services. The application layer provides a smartphone app for users to easily use the AllPay system. Access to the application layer is also provided to users, and the AllPay payment service can be accessed through the application.

ALLPAYCOIN Platform Ecosystem

AllPay Coin blockchain / e-wallet provider / seller / user

The AllPay Coin system consists of the AllPay Coin blockchain which is a blockchain network that supports payments and transactions between customers and sellers, an e-wallet provider that provides e-wallet services for remittance and payment services to customers/sellers, sellers who provide products/services and receive customers’ APC payment requests, and customers who use APC for remittance and payment.

플랫폼설명 플랫폼설명

Token Economy
Operation

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The platform supports the AllPay Coin (APCG) that can sufficiently handle the expected payment amount, and the platform stores cash in a payment account to support sellers with risk-free payment due to price fluctuations in cryptocurrency. The total issuance of APCG issued by the platform is 5 billion, of which 54.5%, 2.725 billion, is the quantity for payment preparation and is sequentially supplied to the platform according to the size of the transaction.

The value of APCG increases according to the increase of token usage in the entire network within the system, such as the size of transactions and growing demand for token holding. Therefore, APCG provides reward tokens to participants according to their contribution to the system for the continuous growth of the AllPay network and the increase in the value of APCG.
Reward tokens are divided into rewards for participating activities in which participants use APCG for payment services and rewards for contributing to the system through long-term token holding. As a reward for long-term holding of tokens, tokens deposited as protection deposits for a certain period are compensated in proportion to the holding period.
Funding for compensation is not only from transaction commission, but also from sales profits of manufacturers and service providers participating in the AllPay network, and revenue from manufacturers support.

APCG
issuance overview
  • Symbol

    APC

  • Total Issuance

    5,000,000,000

  • Payment Reserve Quantity

    2,725,000,000

  • Payment Reserve/Total Issuance

    54.5%

Our Team

CEO
CEO
Cho Hyun Gyu
  • Seoul Culture Arts Univ. / Social Welfare
  • CEO of Ginipic Co.,Ltd.
  • CEO of ONOFF Korea Co.,Ltd.
  • Executive Director of S&B Engineering Co.,Ltd.
  • Executive Director of Yewon Global H Co.,Ltd.
  • Executive Director of Mayday Co.,Ltd.
기술팀장
Leader
Kim Wan Soo
  • Suwon Univ / Physics
  • Development of PG payment system
  • Android SNS chat service
  • Android 1:1 video chat system
  • Android video sharing platform
  • Internet broadcasting system
기술차장
Engineer
Kim Jae Ho
  • Soongsil Univ. / Computer Science
  • Development of PG payment system
  • Android SNS chat service
  • Personal broadcasting & live service
  • Android 1:1 video chat system
  • Defense Acquisition Program Administration
CMO
CMO
Jang Won Seok
  • Kyunghee Univ. / MBA
  • CEO of Ibinsoft Co.,Ltd.
  • CEO of Eduforex Co.,Ltd.
  • CEO of RNDIPIA Co.,Ltd.
CTO
CTO
Bae Hyun Cheol
  • Inha Univ. / Chemistry
  • Managing Director of Vision Web Co.,Ltd.
  • Managing Director of Nuri Village Co.,Ltd.
  • Managing Director of Ibinsoft Co.,Ltd.
  • Managing Director of RNDIPIA Co.,Ltd.

Partners