intro

Introducing PAY DAO

A Web 3.0 decentralized payment network for the global metaverse platform

Today, after months of hard work, we are proud to announce the PAY DAO.

PAY DAO

It aims to allow hundreds of millions of Cosmos users, developers, merchants, suppliers and ecosystem partners to easily participate in the economic prosperity of the Metaverse through payment and mining between PAY tokens. Make the PAY Metaverse Universal Payment Token available on tens of millions of Metaverse platforms and networks around the world through the upcoming PAY payment service and app. Backed by distributed ledger technology, PAY digital currency and smart contracts, PAY DAO creates a decentralized payment network within the Metaverse ecosystem. The combination of PAY governance token and O-PAY payment option token realizes 100% payment cashback, providing PAY token holders with true zero-cost participation in the Metaverse.

Vision and Mission

PAY DAO is building a set of payment technology and product foundations centered on the PAY token. With a view to realizing a fully functional digital economy metaverse in the near future. In addition to being a leader in Metaverse payments, the project is also aimed at the near future, where PAY intends to establish long-term partnerships, joint venture communities and alliances with content developers in the Metaverse sports, gaming and other entertainment sectors. Create a metaverse digital economic system exclusively served by PAY DAO’s PAY token payment system and financial platform.

Contract payment mining

Free mining rules The contract will monitor every transaction of all primary NFT addresses, transfer any asset, and receive a fixed 100 O-PAY, which will be automatically credited to the account, and there are no restrictions on transactions. O-PAY releases the same amount of PAY to the wallet every day in the proportion determined by the amount of PAY destroyed, which will be automatically credited to the account, corresponding to the destruction of O-PAY. The more active the wallet address is, the more O-PAY you will get.

Transaction Mining Rules Any address that buys X amount of PAY on the pancake exchange will get 84% X amount of PAY and 100% X amount of O-PAY. If you sell X amount of PAY, you will get 84% X amount of USDT and 16% X amount of O-PAY. The transaction fee is 16%, which directly enters the public fund pool, and the exchange contract address will not return to O-PAY. The payment contract will automatically release the same amount of PAY to the wallet according to the daily amount of O-PAY held in the proportion determined by the amount of PAY destroyed every day, and it will be automatically credited to the account, corresponding to the reduction of O-PAY. This means that you can get a lot of O-PAY by constantly transferring PAY between addresses.

Payment mining rules When the wallet address transfers any amount of PAY, the receiving address will receive 84% of the PAY, 100% of the O-PAY, and 16% of the PAY into the public fund pool. The payment contract will automatically release the same amount of PAY to the wallet according to the daily amount of O-PAY held in the proportion determined by the amount of PAY destroyed every day, and it will be automatically credited to the account, corresponding to the reduction of O-PAY. This means that you can get a lot of O-PAY by constantly transferring PAY between addresses.

Transfer fee: 16%

8% Permanent Destruction 5% NFT dividend 2% referral bonus 1% Community Fund

Token Economics

Total supply of PAY: 1 billion, PAY TOKEN is a Bep 20 utility token issued based on Binance Smart Chain, referred to as “PAY”, PAY is a universal payment digital currency in the Metaverse, and is the core of the future Metaverse economic system. PAY’s payment transaction rewards, free exchange and contract automated execution, and multi-chain payments will complement each other, which will lead to massive user adoption in the Metaverse. At the same time, the PAY token is a universal standard token for payment of merchants of goods and services in the global metaverse, which will lead to a large number of users accepting the use of PAY as a means of payment and a store of value.

PAY Community Giving Program

Soft cap issuance: 300 million Hard cap issuance: 618 million Donate to get PAY ratio (BSC): 1 USDT: 100 PAY Early Supporters (Whitelist) Donate at the ratio of 1 USDT: 100 PAY to get PAY. The minimum donation for each address is 10,000 USDT, 1 Genesis NFT and 10 super NFTs are given, on a first-come, first-served basis. After the donation, you can receive PAY tokens and NFTs on the official website. Regular donation user (anyone) Donate at the ratio of 1 USDT: 100 PAY to get PAY, and the donation amount for each address is 100 USDT.

Payout Option Token: O-PAY The O-PAY token has no upper limit and can only be obtained by paying for transactions. The O-PAY contract will run after the end of the donation plan. Before the launch of the pancake, the initial amount of O-PAY is zero, and 1.26% of the total amount of PAY is released every day. , and O-PAY cannot be transferred and traded.

See the English white paper: https://drive.google.com/file/d/12IZ9OutP921V27fLPFHEoIx0QOsUqFQG/ See the Chinese white paper: https://drive.google.com/file/d/1_bfeApE9EoM1E05jb49fWx3HW6cyxy4I/

We are still at the beginning of our journey. Join the community below to learn more, ask any questions, and keep an eye out for upcoming announcements!

Join Telegram chat group: https://t.me/PayDAO_EN Follow us on Twitter: https://twitter.com/PayDAO_Meta