What Is KonPay (KON)?
The goal of KONPAY is to build a new payment service system that can improve the problems of high fees and long settlement cycles, which were structurally inevitable in the existing payment system. They will provide a new solution for fees and settlement cycles by utilizing blockchain smart contracts and crypto-economy to replace various intermediaries in the existing payment system.
KONPAY Coin is a blockchain payment service project that provides incentives and rewards to all participants, and provides a convenient payment service platform for merchants and users through the app, thereby facilitating interaction between users and liquidity of digital assets.
| Coin Basic | Information |
|---|---|
| Coin Name | KonPay |
| Short Name | KON |
| Max Supply | 3,200,000,000 |
| Total Supply | 3,200,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
KON Price Live Data
The live price today is $0.237138 USD with a 24-hour trading volume of $1,197,277 USD. They update KON to USD price in real-time. This is up 42.37% in the last 24 hours. The current CoinMarketCap ranking is #2998, with a live market cap of not available. The circulating supply is not available and a max. supply of 3,200,000,000 KON coins.
If you would like to know where to buy KonPay Coin at the current rate, the top cryptocurrency exchange for trading in stock is currently Bybit. You can find others listed on our crypto exchanges page.
Blockchain-based integrated management system
KON PAY provides merchants with a service that allows for faster settlement than the settlement period of the existing payment structure. By providing a smart contract-based integrated management system, merchants conveniently provide an integrated management system that includes sales, profit, expected refund amount, credit, and transaction history.
On/Offline Integrated Payment Platform
By combining rich integrated payment service experience and blockchain technology, we provide a next-generation integrated payment platform that can be used immediately in the field, and provide all payment solutions necessary for online and offline payment environments such as self integrated payment solutions and terminals to all businesses, including small businesses. provide.
Multi-digital asset payment support
By flexibly responding to the price volatility of digital assets and using its own utility coin and instant settlement method, both service buyers and merchants can receive benefits and rewards when paying with KonPay Coin Token, and are free from the effects of price volatility.
Merchant membership fee and additional payment fee
In general, small business owners must pay subscription (registration fee) costs to PG or VAN companies in order to use payment services. This registration of payment services sets the merchant fee rate, where both PG and VAN companies charge lower merchant fees to large businesses such as Amazon rather than small businesses, so small business owners have to pay higher transaction fees than large department stores or large online shopping malls.
The reason why high fees occur when using the payment service is that structurally, 4 to 5 intermediate participating companies in one payment process divide and process various tasks such as authentication, settlement, settlement, and payment for payment.
Blockchain-based Integrated Management System
KonPay intends to provide merchants with a service that allows for faster settlement than the settlement period of the existing payment structure. While the settlement cycle of the existing payment service usually takes more than two days, KONPAY can achieve a settlement speed more than three times faster by using a smart contract. By applying blockchain technology, the roles of many existing intermediaries can be handled with one platform, so not only the settlement cycle, but also the costs incurred in the settlement and payment steps can be minimized. It becomes possible to use a payment service.
In addition, KONPAY provides a smart contract-based integrated management system so that franchisees can frequently inquire about their transactions, as well as an integrated management system necessary for franchisees to operate their business, such as sales, revenue, expected refund amount, and credit processing amount. will provide Through such an integrated management system, affiliates can efficiently manage various data such as customer transaction volume, payment frequency, and payment pattern without additional cost
Support for KONPAY system and multiple digital assets
When establishing an on/offline payment platform based on digital assets, it is possible to reduce commission costs by simplifying the payment processing process with intermediaries for trusting payment data. However, in order for a payment platform using digital assets to be applied to real life, solutions to the following problems are needed above all else.
