All transactions on the OTPPAY platform revolve around the OTPPAY token. The transaction may be made either directly or indirectly on the platform. You cannot initiate any payment without the token and all transactions are controlled by a smart contract. This is basically to ensure that the transactions are secure and there is no fraud on the platform. This will stimulate and encourage users to use the token on the platform.
The company will only give out the token during ICO stages. There will be a list of tokens in different exchange that is meant to expand getting more users on the platform. OTPPAY is set to fulfill the expectations in the market by providing unique services. Most people are excited by this project and look forward to getting great services from the platform.
Gas for powering the engine
You will not be able to use the OTPPAY platform if you don’t have the OTP token. When you make a payment, each time you are charged with a fee of 0.5% of the amount of your transaction. The percentage will be taken from your account and it will be charged in terms of OTP token. The fee is charged in form of GAS. When you own the OTP, you create a reserve for yourself and you can use the reserve as GAS for the transaction you carry out in future.
The experts and developers of the OTPPAY platform have designed an intelligent ML and AI-basted proprietary. This is a value equalization technology. The technology will allow the GAS charged to be transparent. The charge will be carried out instantly and it will utilize the best rates for exchange. The process is automated and it is powered by artificial intelligence. This will ensure that the best optimal rates are given out for any transaction. The transactions will be instant and transparent.
Did you know that there are some platforms which claim to offer these services for free but only to play you and charge you with transaction fees of more than 10%? This happens and most users find out that they have been overcharged when the damage has already been made. Users should know that the OTPPAY platform only charges you transparently.
There will be 100% transparency to ensure that the customers are not fooled with fake deals in the crypto-conversion.
Example
John, an owner of the OTP token wants to buy a cup of coffee for 10 dollars using Bitcoins on the OTPPAY wallet. The market currently offers 15000 dollars for a Bitcoin and the best market value for one OTP is 5 dollars. When John pays his money on the platform by tapping on his phone to scan the QR, he gets charged with a 0.5percent in OTP. The total amount comes to 10.05 dollars and this will end up reducing his OPT currency by 0.001 and bitcoins money by 0.0066.
As you have seen the transaction is easy to understand and the user understands how the charges are initiated.
Website: https://otppay.io
Twitter: https://twitter.com/otppay
Facebook: https://www.facebook.com/Otppay/
Telegram: https://t.me/otppaychat
White Paper: https://otppay.io/Assets/otppay-whitepaper/OTPPAY_White_paper_v1.1.pdf
Author : HarpeCharlotte
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