ALLPAYCOIN PLATFORM
Blockchain smart contracts,
Cryptocurrency payment services
AllPay Coin Platform will provide the incomparable payment service with customized process and cost.
We will substitute the existing roles of intermediary participants with smart contract and
cryptocurrency payment that occur structurally in the existing payment system.
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.
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We shall provide differentiated benefits to sellers (participants, individual sellers), users, and other system user.
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We shall integrate the cryptocurrency payment service with existing online and offline payment service.
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We shall make overwhelming growth existing financial services into innovative cryptocurrency-based financial services.
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High Security
All payment information is processed in an
encrypted condition and stored in the
blockchain system.
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High Reliability
Transaction information is stored in a decentralized
data storage and continuously created and
maintained backup data to prevent data loss.
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High Interoperability
Based on the transaction data and information
stored in the platform, various payment
applications can be freely connected.
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High Usability
API and SDK supporting interworking with
various existing on/offline payment system are
provided for user's convenience..
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High Applicability
Various value-added system can be
applicated and embedded into the
interface of core components.
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Appropriated Cost
We shall construct and configurate the blockchain
payment system to minimize the time and cost
of data verification by intermediaries.
- SYSTEM ARCHITECTURE
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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
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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.
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
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Symbol
APC
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Total Issuance
5,000,000,000
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Payment Reserve Quantity
2,725,000,000
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Payment Reserve/Total Issuance
54.5%
Our Team
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.
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
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
Jang Won Seok
- Kyunghee Univ. / MBA
- CEO of Ibinsoft Co.,Ltd.
- CEO of Eduforex Co.,Ltd.
- CEO of RNDIPIA Co.,Ltd.
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.