TokenPay is a decentralized and self-verifying payment platform project. Based entirely on mathematics, it is designed to enable secure transactions between multiple parties. With maximum user security as the focal point, the system is accessed exclusively through the encrypted Tor Browser. TokenPay promises to provide a stealth addressing system, encrypted messaging, completely anonymous trading and a uniquely designed hashing algorithm enabling fast and secure confirmation under any conditions. There will be no fees for transactions within its first year, and an industry low of 0.25% per transaction thereafter with no monthly fees.
The platform has a custom built 2-of-3 Multisignature Transaction Engine (MTE), which protects users by guaranteeing that each transaction must be approved by the parties involved before the corresponding data is published on the blockchain. They will also require a private key, which is generated by the user on the highly secure TokenPay server. The transaction is automatically fully executed because all parties on the blockchain are able to verify these signatures using public addresses. Private keys allow for everything to be conducted with complete security, anonymity and without any of the counterparty risk typical of a conventional payment platform.
TokenPay’s secure encrypted wallets employ breakthrough Proof-of-Stake automation technology powered by the fully decentralized TPAY blockchain. It offers a reward to its desktop wallet users for simply leaving the wallet open. TokenPay is involved in a bit of a scandal according to BitcoinTalk forum, where some users have stated that its team has not paid the bounties promised for referral programs. As for future plans for the company, TokenPay has announced they’re currently working on their own merchant payment platform and exchange app, and have acquired 9.9% of WEG Bank AG in Germany with an Option to Acquire an additional 80.1% upon approval.
For a coin that has only been out a few months, TPAY is one of a kind, offering great levels of security and privacy to its users. It finished its token sale on December 7th 2017, and today is ranked at 69th position on CoinMarketCap Coins List, in accordance with its market capitalization of about $55 million and a total supply of 15 million TPAYs out of 25 million available. The price per token is quoted at $3.60, having experienced losses with the rest of the market.
