‘TENA Protocol,’ to add a Reward to Payment!
테나는 블록체인 기반의 결제 프로토콜 입니다.
테나의 첫번째 DAPP 고페이에 신용카드를 등록하고 결제마다 TENA 코인을 보상받을 수 있습니다
Completely New Payment Paradigm
Until now, numerous projects have endeavored to commercialize cryptocurrency payment. However, since cryptocurrency has price volatility and is yet unfamiliar to the public, few projects showed any actual result. Moreover, few franchises accepted cryptocurrency as a means of payment, and accordingly, most of the projects failed to commercialize cryptocurrency payment.
TENA is a protocol in which a user makes a payment with a credit card to get a reward with TENA Coin. In other words, If a user makes a payment at a franchise after registering a credit card in GoPay, the first DApp of TENA Protocol, as a reward for this, TENA Token will automatically be accumulated in the wallets of the customer and the franchise. Moreover, the user can enjoy the existing benefits provided by the credit card company, such as mileage and discount.
The more the places where TENA can be used, the more the customers who make payments with TENA Protocol will become. Various business models are available in addition to rewards based on the data accumulated as a lot of people make payments. Thus, TENA is going to show a new payment paradigm that can provide the participants with a higher value of TENA as well as rewards.
To Simple Payment Innovation Beyond the Limitation of Cryptocurrency Payment
TENA solves all limitations of the existing cryptocurrency payment. Furthermore, it innovates the simple payment market, providing a reward for simple payment which is still unfamiliar.
TENA shows a payment paradigm in a new dimension, solving all the problems of the existing cryptocurrency payment and adding a reward model to the general payment.
Continuous Reward System: 1/n Reward for the Contribution to Daily Turnover
TENA pays the participants as much as their contributions in the daily turnover, divided by 1/n. The rewards are paid to all customers, franchises and DApp operator that participate in the spread of TENA Protocol.
The reward pool in Year 1 consists of a total of 10%. The pool will decrease by half each year for five years, and 500,000 TENA will additionally be issued from the sixth year to maintain a certain reward pool. This reward system is a structure in which higher rewards are provided for the participants who contributed earlier, so the investors, customers, franchisees and DApp operator that have recognized the value of TENA since its earlier stage can benefit more. Late participants as well as early investors can get paid with rewards in TENA with a high value, thanks to the expanded ecosystem.
Unlike the existing reward projects, TENA was designed so that the reward system could be continuously maintained, applying the limited pool, adapted to the reality.
Token Economy
Early participants can share about 17 times more TENA compared to those who participate five years later when the token pool has decreased. Like this, the differentiate reward system for the early participants plays a considerable part in TENA’s growth.
Later, the reward pool will decrease, and the number of TENA distributed will decrease, but as the number of participants increases, and the turnover increases, TENA Token’s price increases, so the amount of reward to won will be maintained. Through this, late participants as well as early participants can be provided with rewards of a high value.
Moreover, it is a structure in which investment returns are generated if the existing participants continuously hold TENA Token, which was designed so that early participants, existing participants and late participants all could receive benefits much.
Token Utility
Business Expansion to a Payment Business Beyond Reward
TENA shares information about rewards and payments for payment mining with individual operators of payment, including GoPay, its own payment platform.
Franchise solution is provided so that its franchises can check information about transactions and sales of shops and manage the payments on TENA Protocol DApp. It also helps advertising and marketing based on information about customers’ payment location. In addition, as a Stage 1 business model, the customers can store or remit various cryptocurrencies through Crypto Wallet Service and at the franchises applying TENA Protocol all over the world, they can make payments with various cryptocurrencies as well as credit cards.
Expanding further from the Stage 1 business model, TENA will settle itself as the first token that can be used anywhere overseas. Through this, TENA will automatically be exchanged to the local legal currencies so that it can be transacted overseas, and crypto exchange payment will be possible, in which payments with other cryptocurrencies, including TENA Token are automatically exchanged or transacted in won. As the first stage of such a business model, TENA’s global expansion is going to be made in 2019.
TENA, a payment protocol that allows cryptocurrency to be used in real life
The innovation of the blockchain ecosystem begins from TENA!
As a payment protocol, TENA will be the project that has the most holders throughout the world through the most universal means of payment. In addition, as a catalyst that can revitalize payment, the most basic method that allows cryptocurrency to be used in real life, TENA will make great contributions to the development of the ecosystem by bringing about innovation in the global blockchain ecosystem.