SoPay Listing on Three Major Exchanges to Create Digital Assets “Alipay”

Photo: SoPay

SoPay has announced its arrival in three exchanges (CoinEx, Gate.io and BCEX) with an emphatic announcement of the trading contest that will feature 30 million SOP tokens.

SoPay is a new blockchain payment platform that brings a disruptive experience in the money market. Also, it has innovative operating models that it wants to leverage to make the digital asset trading environment more convenient.

Besides, SoPay will allow users to transact at no handling fee and with quicker processing duration of just 1 second. The platform supports transaction between numerous digital assets as well as cross-platform transactions. Furthermore, users can exchange digital assets for goods and services available in traditional offline and online businesses.

SoPay for users

The SoPay experience is truly disruptive for users since it introduces a human touch to transactions. The platform eliminates the need for complicated passwords, elaborate processes and unnecessarily long confirmation durations. It has a simple, safe and user-friendly interface that is only comparable to Alipay.

How SoPay works and its reward model

The simple process at SoPay involves registering a mobile phone number and a 6-digit transaction password. These two are equivalent to the average login information. This is all that users need to be able to make payment.

The platform hopes that this simple process will make blockchain payments open to everyone. Right now, the global population of participants in the blockchain space is a paltry 30 million. The platform foresees this number growing to 200 million by 2020 following the advantages that SoPay offers.

The SoPay platform rewards people that use the platform through its payment-mining model. This model gives incentive to users that deposit, lock assets or pay using the platform. The mine pool on SoPay comes from the income of service provider.

The first target – the gaming space

SoPay is alive to the consumption barrier of digital assets among the gaming companies. To this end, it already has 40 gaming companies from the Orient, Europe and the U.S. in its pocket. These companies represent some 20 million players.

Market predictions estimate that blockchain payments in the gaming environment will reach US$ 100 billion in just three years. SoPay, therefore, sees it as a good starting point on its onslaught that also targets enterprises operating in the financial management, e-commerce and other allied industries. This strategy will enable it provide comprehensive services to all kinds of digital asset holders.

A new consensus with heightened safety and efficiency

SoPay is a product of extensive research and innovation in technology. The efforts intended to create a product that is different from existing payment platforms. Importantly, it’s SO Chain application gives users a chance to create accounts and virtual assets, transfer, confirm, transact, pledge and witness transactions, to name just a few among many other basic online transaction functions.

In addition, the platform offers users increased privacy at high operational speeds and enhanced security. The improvements and innovations are possible because the platform combines the benefits of EOS and third-generation consensus Delegated Proof of Stake (DPos).