If you haven’t heard about them yet, CoinsPaid has been successfully developing crypto payments solutions for the B2B sector since 2014. The company is mainly known for its crypto processing and is the 2021 winner of the Payment Provider nomination by AIBC.
However, it is not only crypto processing in the range of CoinsPaid products. The company’s ecosystem includes an Exchange & OTC Desk, White Label, Plug&Pay, Enterprise and Personal Wallets, and more! All these services are made for easy and secure operations with crypto and are linked under one intuitive interface. Overall, it supports 30+ crypto and 20+ fiat currencies. The security of the products is under constant watch by the team. It is ensured with a system of hot and cold wallets, withdrawal limits, and other advanced features to prevent fraud or phishing. The company is the first crypto project audited and certified by Kaspersky Lab and 10 guards, whose stringent verification systems ensure that user data and funds are safe 100% of the time.
The company’s profits and market share have skyrocketed in the last couple of years, with 2020 being so far the most successful, delivering a five-time revenue growth as a result. The very recent numbers on their site state a EUR 1.3 billion turnover of the company in the last five months (January to May 2021).
On the 1st of June 2021, the company announced the launch of its IDO and the CoinsPaid token (CPD).
In the last one and a half years, crypto markets as a whole are rising, hitting USD 2 trillion market capitalization in April 2021, with Bitcoin’s market value passing USD 1 trillion earlier in February 2021. This trend is also applicable for the DeFi sector showing USD 53 Billion TVL (total value locked) on June 21, 2021. With growing popularity among businesses and individuals, the request for crypto products and services will only keep evolving. Today, CoinsPaid is the number 1 Payment Provider in the iGaming sector. With the fast-changing environment of the crypto industry, other sectors, including e-commerce, e-sports, and more, are looking into crypto processing solutions.
The client’s’ perspective
We choose crypto for its simplicity, lower commissions, and faster operations. So, by installing Cryptoprocessing by CoinsPaid to your online platform, you gain precisely these listed benefits. In just a short time, you’ll likely come to appreciate this new level of convenience in payment processing and look for other crypto instruments for additional benefits. For example, when you finish the month with a certain amount of money in your account, you would want to get some commission on this sum. In the old days, you would go to the bank for this. Nowadays, you can search for solutions in crypto. Decentralized Finance (DeFi) has reached a certain level of maturity in recent years and now can offer a large variety of financial services, all of them based on decentralized protocols.
Now, how do you find a suitable, secured DeFi solution for your business or personal needs? Well, you need to invest time into researching the different possibilities. Imagine that such a service is offered to you by the crypto processing provider under the same interface you already use for payments? Yes, it might be the option your business or you as an individual were looking for. Ultimately, it is only logical for the CoinsPaid team to respond to market demand and add DeFi solutions to their ecosystem.
Up until now CoinsPaid didn’t have a token. By adding CDP to their ecosystem, they follow the goal of delivering many new possibilities to their clients and the existing products.
How will the CoinsPaid token function?
The CPD token is multichain-based and will be added to all CoinsPaid products, carrying out a utility function. Instead of paying commission in other cryptocurrencies, clients will have the option of paying in CPD and receiving discounts and rewards in return.
Let’s note that CoinsPaid until now was mostly a B2B focused company and that their clients are online businesses. The estimated number of total clients’ end-users is 5 million, so CPD has a great chance of attracting these users’ attention.
The tokenomics includes an incentive program aiming to make the token popular among both B2B and B2C clients.
Main facts about the CoinsPaid token.
- 30% discount on fees paid in CPD and an additional 20% discount for CPD holders. A total of up to 50% discount on operations
- 10% discount for B2B customers for token promotion
- CPD token operations are also performed with a 50% discount
- DeFi staking rewards
- Monthly CPD burns after all the liquidity are issued to the market
- Token swaps will be available for ETH, BSC, SOL, and EOS chains to offer merchants an extensive choice of blockchains
- Discount on future marketing services & products
- Total token supply: 800M
What’s in it for investors, and why does this IDO differ from the others?
- CoinsPaid is an established profitable company stepping into the DeFi market, not a new startup.
- The company will add the token to its existing ecosystem of diverse products.
- A pool of clients will start using the token right away.
- The tokenomics isn’t for the short-term game; the token has lockup and vesting periods, meaning that you will have to keep CPD for some time.
- The company is creating their community to bring on board those not yet within the CoinsPaid ecosystem.
IDO is currently at a private sale round; only 2% of the total IDO pool will be available for the public sale for those pre-registered on the waiting list.
The post How CoinsPaid is connecting businesses with DeFi appeared first on The Cryptonomist.
