Trustpay (TPH) IFO to be Hosted on BecoSwap
TRUSTpay JSC Introduction
TRUSTpay was established in 2009 operating in the Fintech field and implementing blockchain technology for many years, TRUSTpay realizes that the application of blockchain technology to the fintech field is not only an inevitable trend but also a solid foundation in the future for the company to create a competitive position in the development of TRUSTpay’s products and services.
TRUSTpay became a strategic shareholder of HVA Investment Joint Stock Company in 2018 which had opened new challenges on further investment and growth in Fintech and expected to be listed on Stock Exchange in the coming years.
What is TRUSTpay Blockchain?
TRUSTPAY BLOCKCHAIN is a smart e-wallet which receives Bitcoin rewards when making purchase (billing, shopping services) and is integrated with international cards (Visa, Mastercard, JCB) that is called TRUSTPAYCARD.
- Download and register Application just by few easy steps
- QR code scanning to pay or making bills, services payment on the e-wallet
- Receive Bitcoin as cashback rewards quickly after transaction completed.
- 05/2021 — Trustpay Office opening at District 7, HCMC
- 05/2021 — Launchpad TRUSTPAY TOKEN (TPH) event
- 07/2021 — Trustpay Blockchain application launching event
- Q3/2021 — Trustpay Blockchain application launching event (08/2021: 100,000 Users increment / 09/2021: 300,000 Users increment)
- Q4/ 2021 — VNPAY QRCode integration. Making payment anywhere accepts VNPAY QRCode (11/2021: 500,000 Users increment)
- Q1/2022 — Crypto Loyalty Point launching
- Q2/2022 — 1,000,000 Users increment
- Q4/ 2022 — TRUSTPAY IPO on Stock Exchange.
About Trustpay Token (TPH)
TRUSTPAY TOKEN (TPH) was issued by VNDC Holding Pte LTD after VNDC successfully acquired 30% of TRUSTPAY Group shares at a valuation of VND 100 billion.
It is expected that in the near future, VNDC will tokenize 30% of TRUSTPAY shares into TPH tokens, with a valuation of VND 30 billion (30% of TRUSTPAY shares) equivalent to 30,000,000 TPH (or 1 million ~1% TRUSTPAY ownership rate) and will be sold on Launchpad channel and traded at VNDC Wallet.
TPH value will follow the value of TRUSTPAY company. Investors who own TPH will have full ownership rights and receive dividends similar to TRUSTPAY investors through VNDC Holding Pte. LTD.
- Name: Trustpay Token
- Symbol: TPH
- Type: KRC20
- Contract: 0xc1c319434bd861A335752b4b6993C13f139B26fa
- Decimals: 8
- Total supply: 30,000,000 TPH
$TPH Token IFO Distribution
The total supply of TPH tokens is 30,000,000. Here is a part of the token metrics details.
- 16.7% (5,000,000 TPH) will be reserved for the IFO.
- 36.7% (11,000,000 TPH) will be reserved for first liquidity.
Following the IFO, 53.3% of the total supply will be circulating in the market.
IFO Sale Details on BecoSwap
Sale start block: 3352417 (Approx. 1 PM UTC on Sunday 18th July 2021)
Sale end block: 3353137 (Approx. 2 PM UTC on Sunday 18th July 2021)
Amount to be raised: $375,000 in BECO-KAI LP tokens
Tokens to be sold: 5,000,000 TPH (16.7% of TPH total supply)
Price per token: 1 TPH= $0.075
BECO to be burnt from sale: $187,500
Method: Basic Sale and Unlimited Sale (Both sales will be conducted via the “Overflow” method)
What is the “Overflow” sale method?
TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.
In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
To participate in the IFO:
- While the sale is live (1 PM — 2 PM UTC on Sunday 18th July 2021), commit your BECO-LP tokens to buy TPH tokens at https://becoswap.com/launchpad
- When the sale is complete, claim your TPH tokens and your unspent funds will also be sent back to you.
- Done! In the case of an overflow you can unstake your remaining BECO-KAI LP tokens.
Please note — While you are holding BECO-KAI LP tokens you will be at risk of Impermanent Loss.
An Explainer: What are the 2 different sale sessions?
Basic Sale ($112,500 — 30% of Sale allocation, equal to 1,500,000 TPH)
Want to participate in the IFO and get the most bang for your buck? This is for you.
In the “Basic” session, each person can contribute a MAXIMUM of $100 equivalent in BECO-KAI LP tokens.
The number of tokens available in this format will typically represent around 30% of the total sale.
Note that the final allocation you receive will still be subject to the total amount raised in this session, but the good news is you’re not battling any whales.
Unlimited Sale ($262,500 — 70% of Sale Allocation, equal to 3,500,000 TPH)
As the name suggests, the “Unlimited” session has no limits on the amount each person can contribute. However, this comes at the cost of a participation fee.
The number of tokens available in this format will typically account for 70% of the total sale.
How much is the participation fee?
The participation fee will start at 1%, which is only applied to your contribution to the “Unlimited” session.
The 1% participation fee decreases in cliffs, based on the percentage of overflow from the “Unlimited” portion of the sale.
The fee cliff for the Trustpay IFO is as follows:
In the “Unlimited Sale” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
Please note — The final USD price per BECO-KAI LP token will be set a few minutes before the sale starting at block (1 PM UTC on Sunday 18th July 2021) and will be broadcasted on all public media channels.
While a few things may be subject to initial change, two things are sure:
- You will need BECO-KAI LP tokens to participate.
- If the full $375,000 USD allocation is raised, then at least $187,500 USD of BECO tokens will be burned forever.
We may also be running a TPH-KAI LP token farm, which will commence at the conclusion of the IFO. This farm will have 2x BECO rewards for the first 48 hours and then 1x BECO rewards after that.
Project: Trustpay Blockchain (TPH)
Initial Circulating Supply (Day of sale): 53.3% TPH from initial supply of TPH 30,000,000 TPH
Contract Address: 0xc1c319434bd861A335752b4b6993C13f139B26fa
Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project and please, make your investments very cautiously. BecoSwap will not be held responsible for any investment losses.