4.0 The BPAY Token
The BPAY token is a utility token created by BoundlessPay to offer several advantages to its users. The token will primarily be built on Base Chain and bridged into other networks such as CARDANO, SPL, ERC20, BSC, and Ethereum L2 networks in the future.
The total supply of the token will be 1 Billion BPAY, with an initial circulating supply of 41m. The token will provide access to exclusive services, discounts, and benefits within the BoundlessPay ecosystem.
Furthermore, the BPAY token will also offer other utility functions, such as payment for transaction fees and as collateral for lending and borrowing activities on the platform. BPAY token holders will also have the right to participate in some of the platform's decision-making process by taking part in community governance and voting. In Q2, 2024, BoundlessPay will launch BPAY tokens on exchanges to enable interested individuals to acquire the token and support the growth of the BoundlessPay ecosystem.
4.1 Token Utility
BPAY token plays a multifaceted role within the BoundlessPay ecosystem. It serves as a means of payment, incentivizes user engagement, empowers token holders with governance rights, facilitates value transfer, and contributes to the overall sustainability and growth of the ecosystem through its deflationary mechanism. Below are some of the major utilities of the BPAY token.
Transaction Fee Payment:
BPAY tokens serve as the primary means to pay transaction fees within the BoundlessPay platform. When users engage in various financial activities, such as making cross-border payments, trading cryptocurrencies, or conducting business transactions, they can choose to pay the associated fees using BPAY tokens.
By using BPAY tokens for fee payments, users enjoy reduced transaction costs compared to traditional fiat-based fees. This utility enhances cost-efficiency across the ecosystem.
Rewards for Engagement:
BPAY tokens are rewarded to users for participating in gamified activities within the BoundlessPay platform. These activities can include making transactions, referring friends to the platform, or actively engaging in the BoundlessPay community.
Users are incentivized to interact more frequently with BoundlessPay, leading to increased platform engagement. The gamification element enhances user loyalty and participation, ultimately benefiting the overall ecosystem.
Governance Rights:
BPAY token holders have governance rights within the BoundlessPay ecosystem. This means they can participate in key decisions related to platform upgrades, changes to tokenomics, and other important matters through voting mechanisms.
Token holders have a say in the direction of the platform, ensuring it evolves in a way that aligns with the interests of the community. This democratic approach enhances transparency and decentralization.
Value Transfer:
BPAY tokens can be used to transfer value within the BoundlessPay ecosystem. Users can send BPAY tokens to one another for various purposes, such as settling debts, making payments, or even as a form of digital currency.
BPAY tokens offer a convenient and efficient means of transferring value, especially in cases where traditional banking systems or fiat currencies may not be practical. This utility broadens the scope of financial transactions within the ecosystem.
How the BPAY token works and how it combines periodic token burns with discounted cash flow to enforce deflation and increase value over time within the BoundlessPay ecosystem:
4.2 Deflationary Mechanisms
To enhance the scarcity and value of BPAY tokens, BoundlessPay employs a deflationary strategy. This method combines regular token burns with a Discounted Cash Flow (DCF) model, creating a dynamic interaction between reducing token supply and increasing intrinsic value. The aim is to enforce deflation, boost token worth over time, and establish a strong, sustainable token economy within the BoundlessPay platform.
1. Periodic Token Burns:
Regular token burns are integral to the deflationary approach of BPAY tokens. At set intervals, a portion of BPAY tokens held within the ecosystem is permanently removed from circulation. These burns yield several key effects:
Reduced Supply: Token burns decrease the total supply of BPAY tokens, effectively diminishing their availability for trading and usage.
Increased Scarcity: With fewer tokens in circulation, scarcity rises, driving up demand as users seek tokens with limited availability. Over time, this scarcity from periodic burns could potentially lead to higher token prices on the open market.
2. Discounted Cash Flow (DCF) Model:
In addition to token burns, the value of BPAY tokens is influenced by their utility and the cash flows they represent in the BoundlessPay ecosystem. The DCF model evaluates the present value of future cash flows generated by the token's utility, operating as follows:
Utility-Driven Cash Flows: BPAY tokens derive value from various utilities like transaction fee payments, engagement rewards, and governance rights, generating cash flows as users interact with the platform.
Future Cash Flow Projections: The DCF model projects anticipated future cash flows from these utilities based on user activity and the adoption of BoundlessPay services, encompassing revenues from transaction fees, distributed rewards, and other token-generated income.
Discounting Future Cash Flows: Future cash flows are discounted to their present value using a discount rate, considering factors such as risk, opportunity cost, and the time value of money. A higher discount rate leads to a lower present value of future cash flows.
3. Combining Burns and DCF:
The synergy between regular token burns and the DCF model is vital for enforcing deflation and increasing token value over time:
Burn-Driven Scarcity: Token burns consistently reduce the token supply, heightening its scarcity. This, coupled with a growing user base and utility-driven cash flows, can exert upward pressure on the token's value.
DCF Supports Intrinsic Value: The DCF model aids in determining the intrinsic value of BPAY tokens based on their utility and cash flows, allowing users to assess the token's value within the BoundlessPay ecosystem.
Value Appreciation: With token supply becoming scarcer due to burns and utility-driven cash flows gaining momentum, the intrinsic value of BPAY tokens may appreciate over time. This benefits long-term token holders and encourages active participation within the ecosystem.
4.3 Tokenomics, Specifications and Vesting schedule
Pre-Seed Round
2%
20,000,000.00
$0.004
0%
0
$80,000
0% at TGE, 2months cliff, 12 months linear vesting
$4,000,000
Seed Round
3%
30,000,000.00
$0.005
5%
1,500,000
$150,000
5% at TGE, 2 months cliff, 12 months linear vesting
$5,000,000
Private/Strategic Round
7%
70,000,000.00
$0.006
10%
7,000,000
$420,000
10% at TGE, 1 months cliff, 10 months linear vesting
$6,000,000
KOLs
5%
50,000,000.00
$0.007
20%
10,000,000
$350,000
20% at TGE, 6 months linear vesting
$6,000,000
Public Round (Launchpads, IDO, IEO)
8%
80,000,000.00
$0.008
20%
16,000,000
$640,000
20% at TGE, 1 months cliff, 6 months linear vesting
$8,000,000
Development
10%
100,000,000.00
0%
0% at TGE, 1 months cliff, 20 months linear vesting
Advisors
4%
40,000,000.00
0%
0% at TGE, 3 months cliff, 20 months linear vesting
Staking Rewards
11%
110,000,000.00
0%
0% at TGE, 3 months cliff, 72 months linear vesting
Marketing
10%
100,000,000.00
0%
0% at TGE, 2 months cliff, 20 months linear vesting
Team
10%
100,000,000.00
0%
0% at TGE, 3 months cliff, 36 months linear vesting
Ecosystem
10%
100,000,000.00
0%
0% at TGE, 10 months cliff, 32 months linear vesting
Liquidity
20%
200,000,000.00
0%
200,000,000
100% at TGE
Total
100%
1,000,000,000.00
34,500,000
$1,640,000
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