💶IEO Funds Allocation

IEO Funds Allocation

About the tokenomics for bePay, there are 3 important things:

1. The platform revenue comes from 3 sources:

• Merchant Fee: 7.5% of the Transaction

• Transaction fee: Merchant and Consumer use beCoin token to pay the transaction fee in the platform

• Late fee: 0.2 - 0.5% per week (of the unpaid instalment amount) was collected from the consumer when they missed paying the installment.

2. Token Burn schedule: 20% profit of platform will be used for buyback and burn token each quarter

3. Users could stake beCoin to earn more beCoin Token and get VIP perks and Governance Voting rights. The merchant could stake beCoin to decrease the Merchant fee…

What will happen to unsold beCOIN tokens?

It’s going to the Reserve Fund. Reserve Fund is for the Capital need to stable the platform, reserve for the large strategic investors in the future!