Bonpay, the cryptocurrency service on a mission to provide worry-free financial freedom to the masses has announced its crowdsale. The platform that enables users to conduct transactions involving ERC20 compatible cryptocurrencies without the presence of third parties will embark on its crowdsale campaign by mid-October 2017.
In order to fulfill its mission, Bonpay has a range of tools in its arsenal, and its revolutionary DLN system is one among them. The system enables any exchange or transaction process to be implemented on demand, swiftly and without any delay. DLN is a flexible mechanism which uses the available resources of its network. With its help, users will be able to exchange or purchase a currency of their choice without giving a thought about the underlying mechanism. The capabilities of DLN system fits Bonpay's motto – "to provide not only financial freedom but also the freedom of worries" perfectly. The platform ensures that all the participants of the deal are satisfied with their experience.
Another step towards the aim is the transparent rates system. This feature will be realized by the DLN implementation and will let users escape sharp exchange movements, avoid hidden conversion fees and execute future transfers reasonably. The transparent rates offered by the system allows only the most favorable ones to be included into the DLN. Any fees charged during the transaction will be paid directly to DLN participants, with Bonpay charging not even a single penny for facilitating such an exchange.
Bonpay takes a serious stand on privacy and security of the platform and its user base. It has a self-controlled data protection system in place, which offers added confidence to users regarding the security of their funds and information. The zero-knowledge system allows users to be the direct owners and managers of their funds and sole holders of private keys.
"Your money, your wallet, your terms"
In order to achieve the platform's goals, the team behind Bonpay has decided to launch the initial token sale. They will be using the proceeds from the campaign to implement new features while improving the existing ones to ensure the financial freedom of its userbase. The team has made a detailed development and implementation roadmap available on its website. Unlike other platforms, Bonpay already has a live service in place, and all the new feature additions and product lines will be built around it.
Bonpay Initial Token Sale
The Bonpay initial token sale, set to go live by mid-October will offer an opportunity for the participants to purchase its native BON tokens. These tokens will be made available to the public and those acquiring them during the sale will be eligible to receive exclusive benefits and bonuses. More information about the token sale is explained in the whitepaper.
The platform will be offering 85% of the total BON tokens to the public. Out of the allocated tokens, 51% will be made available during the upcoming crowdsale. The remaining 34% will be distributed among the community members over a period of time. The sale will last for four weeks, or until the cap of 200,000 ETH is reached. 1 ETH will be exchanged for 500 BON tokens, with an early bird bonus of 20%.
So far, Bonpay team has already gained the support of several partners and investors. The funds raised during the campaign will be used for the implementation of various key features to make full financial freedom possible.