TPCT Token Economy
The TPCT Token can be used to purchase goods or services. The most significant element in the utility token is a usability. However, there exists a major barrier with the usability of cryptocurrencies in the current world. As mentioned above, numerous crypto-payment-related projects showed difficulties in finding business partners and establishing a stable systematic connection with the existing payment infrastructure — this makes the utility tokens of crypto-payment-related projects to face a barrier with their usability.The TPCT Token managed to confront this obstacle and solve the problem of usability through the NUPay Partnership with major payment gateways companies, gift card, and reward point issuers, and on and offline merchants. This partnership allows the NUPay Users to utilize not only the BTC or ETH but also the TPCT Token within the NUPay ecosystem in their daily life.Going further beyond the point of partnership, the NUPay Team will implement the minimum balance and the user membership ranking system within the NUPay ecosystem to maximize the utility of the TPCT Token.Minimum Balance SystemThe NUPay Users will be required to put in a minimum balance of 5,000 TPCT Tokens. This will create an increasing correlation between the number of the NUPay Users and the TPCT Token value.As the # of the NUPay Users increase, TPCT Token purchased amount by the NUPay Users will increase. This will eventually result in the TPCT utility level to increase as well. For example, if the NUPay User # increases from 10,000 to 100,000, the TPCT Token Purchased Amount will increase from 50,000,000 to 500,000,000 due to the required minimum balance of 5,000 TPCT Tokens. This increase will result in the rise of the TPCT utility level.User Membership Ranking SystemNUPay Users will be ranked into different membership levels based on their TPCT Token deposit holding amounts and the number of purchases. The conditions for the membership rankings are as followed:NUPay User Membership Rank ChartMoreover, as the NUPay User pool gets larger, the NUPay Team will apply the NUPay Loyalty Function to further benefit loyal NUPay Users.NUPay Loyalty FunctionThe NUPay Team will regulate the TPCT Reward Rate, R, by adjusting , . Meanwhile, other factors TPCT Holding Amount, A, and Loyalty, L, will also affect and determine the ultimate TPCT Reward Rate.While in Loyalty Function, L, is the initial default value set by the NUPay Team, the Loyalty Function, L, will be largely determined by the # of transaction, n, and the # of cancellation, C, done by the user.Differentiating the TPCT Accumulation % by the NUPay User Membership Ranks which is set by the TPCT Holding Amount or the # of Purchases will allow the TPCT Token utility level to be maximized within the NUPay Ecosystem.With NUPay/TPCT Token Economy factors mentioned above, NUPay Team will maximize the Utility of the TPCT Token within the NUPay/TPCT Ecosystem to solve the utility issues or problems that lots of other crypto-related projects confront as they progress with their businesses.TPCT Token Economy was originally published in NUPay on Medium, where people are continuing the conversation by highlighting and responding to this story.
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