London, UK, June 07, 2022 (GLOBE NEWSWIRE) — BPAY is a deflationary token designed to become scarcer over time. Its main use is:
- Stake BPAY to earn APY on the staking platform
- Use BPAY to pay with the crypto card at any POS merchant
- Use BPAY to deposit and withdraw funds from BossBet Games.
An efficient blockchain combined with well-designed tokenomics is what allows the project to grow. BossPay is a crypto payment technology on Binance Smart Chain.
Crypto Wallet and Card
The BossPay wallet integrates a DApp mobile browser that allows users to connect to decentralized exchanges and trade cryptocurrencies. The BossPay wallet app will be available on iOS and Android. The BossPay Wallet allows the issuance and management of crypto cards. This will allow you to make secure payments with a crypto card at any point of sale and it can be integrated with Apple Pay and Google Pay.
“Staking” the new form of passive income
BPAY holders will be able to earn up to 80% APY in passive income simply by staking their BPAY. Staking has become a popular way to make a profit in crypto without trading coins. In April 2022, the total value of staked cryptocurrencies exceeded the $280 billion threshold, according to Staking Rewards. Staking offers a way for crypto holders to put their digital assets to work and earn passive income without having to sell them. You can think of staking as the crypto equivalent of putting money into a high yield savings account. When you deposit funds into a savings account, the bank takes that money and usually lends it to others. In return for locking that money with the bank, you receive a portion of the interest earned on the loans – albeit a very, very small portion. Similarly, when you stake your digital assets, you lock the coins in order to help manage the blockchain and maintain its security. In exchange for this, you earn rewards calculated as a percentage return. These returns are usually much higher than any interest rate offered by banks.
BossBet games and token stream
The BPAY utility ensures that the BPAY ecosystem is sustainable and protects its users and BPAY holders. BossBet Games is the economic engine that powers the BPAY ecosystem. Cash flow generated from fees and games is injected back into the ecosystem through regular redemptions and burns. Lottery and NFT sale fees are also used to grow the BossPay ecosystem and protect its holders. Below you can see the token flowchart.
BossBet allows BossPay and other crypto holders to play popular games like roulette, lottery, and card games. The game does not restrict users with limitations on deposits and withdrawals. The roadmap is brilliantly planned to be executed during the 4 quarters of 2022. The first quarter includes the publication of the white paper and the launch of the website. Q2 consists of a referral program and a passive income stream. The third quarter includes the launch of the wallet application, bossbet games and crypto cards. The roadmap ends in the 4th quarter with the launch of sports car gifts. The project is audited by Hacken – a Web3.0 cybersecurity service and smart contract audits. The BPAY token is tradable on PancakeSwap, and it will be listed on CoinMarketCap and CoinGecko.
Disclaimer: The information provided in this press release does not constitute investment advice, financial advice or trading advice. It is recommended that you exercise due diligence (including consulting a professional financial adviser before investing or trading in securities and cryptocurrencies.
We would like to give thanks to the author of this write-up for this incredible web content
BossPay – A Sustainable Crypto Ecosystem – Tech Tribune France
Our social media pages here and other related pages herehttps://metfabtech.com/related-pages/