8Pay May Enable Automated Crypto Payments. IDO Starts Today
The 8Pay Initial DEX Offering (IDO) starts on BSCPad – Binance Smart Chain’s decentralized launchpad on April 5. Users will be able to buy 8PAY tokens during the public offering. They can use this native asset for automatic crypto payments on 8Pay’s decentralized platform.
The 8Pay’s price is $0.07 per token, and the company will trade a total of 8,888,888 8PAY tokens in the public sale. However, investors must hold a minimum of 1,000 BSCPAD tokens to be eligible for the IDO. After the public sale, the tokens will become available on popular decentralized exchanges like Uniswap (Ethereum) and PancakeSwap (BSC).
8Pay chose the BSCPad Launchpad for their token’s sale because it’s the first decentralized IDO platform for the Binance Smart Chain Network. Besides, 8Pay is also built on Binance Smart Chain. But the company plans to launch the token on major EVM-compatible chains soon.
According to 8Pay, owning a stake in its platform’s future will enable community members to throw their weight behind a permissionless payment protocol, allowing automated crypto payments without the friction associated with current payment services.
What does 8Pay offer investors?
8Pay is an innovative payment solution that lets customers use cryptos to cover single, variable recurring, fixed recurring, and on-demand payments. The system is smart contract-powered, which is also a significant advantage.
Automated crypto payments aren’t possible currently. While we can send and receive funds with cryptos, we can’t set up recurring payments beforehand.
However, the 8Pay web and mobile applications enable users to set up repeated payments to merchants or traders of their choice. They can also track balances and use their digital coins to facilitate a range of automated e-commerce transactions.
8Pay aims to make digital payments effortless. Users don’t need to surrender their personal details to 8Pay. They can use BNB and other stablecoins and BEP20 tokens to pay for subscriptions.
Furthermore, customers can send and receive tokens directly, wallet-to-wallet. BSC’s blockchain is very fast, and it ensures speedy transaction times and low fees.
Users can lock native tokens to receive a share of protocol fees on the 8Pay platform. It is comfortable for both consumers and merchants as it generates payment request links that can be shared directly or embedded on web pages.
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