Coming SOON

Reward your ongoing rebates and discounts. Earn rewards while exploring rewards across different networks in Cryptoverse.

Start

CoindPay is committed to highlighting PayFi's fast and low-tax crypto payments and advantages such as privacy and KYC-friendliness while continuing to incentivize creators, merchants, developers, consumers, etc. to receive payments and invite rewards, and maintain a balance between demand and supply of points through payment rebates and pledging and destroying mechanisms, we are launching CoindPay's Gravity Growth Program, which is designed to drive crypto payments in real-world consumer networks and the development of large-scale applications of Web3.

Target

> Fast & Privacy Payments

> Exchange X Markets 2.0

> Social Rebates & Discounts

> Ecosystem Integration

What are $SCP？

Points Name

$SCP (Social CoindPay)

Points Allocation

• Total supply: 10 billion

Purpose	Percentage	Amount (Points)	Description
Ecosystem Incentives & Rewards Pool	50%	5 billion	Includes payment cashback, referral rewards, and recipient incentives.
Team & Development	15%	1.5 billion	Team rewards, released linearly, with a 4-year lock-up period.
Community Growth & Marketing	15%	1.5 billion	Rewards for promotions, advertising, and platform campaigns.
Liquidity Provision & Market Operations	10%	1 billion	For exchange liquidity and market circulation management.
Reserve Fund	10%	1 billion	For platform expansion, new business line development, and strategic purposes.

Points Utility

• Payment Rebate

Provide payment incentives for payees and payers, such as a one-time rebate (maximum value of 50000) for each payment received by a receiver, amount * account tax * 5-10% * incentive factor, and a one-time rebate for each payment made by a payer, amount * 0-5% (you need to create an account and take the initiative to claim, or else it will be destroyed automatically). The incentive factor will be more than 1 / account tax (account tax > 0) to ensure the payee receives more incentives than the payer.

• Invitation Rewards

For every friend invited and the invitee completes the first payment, the inviter gets 200 one-time rewards and the invitee gets 100 one-time rewards.

• Staking

1. Lower account fee charges (e.g. from 1.5% to 1%)

2. interest income from investing in LSTs and Markets.

• Fee

Business users can use Points to reduce payment account taxes and enjoy discounts (e.g. standard tax rate of 1.5% reduced to 1%).

• Governance

Holders can participate in the agreement governance, including rate level, reward percentage, withdrawal, on-ramp/off-ramp fee levels, advanced features, etc.

Points Formula

• Payee

const amount = paymentAmount; 
const maxTransactionAmount = 50000; 
const payeeMaxReward = 50000; 
const payeeMinReward = 100;
const accountTax = 0.015; 
const payeeRebateRate = 0.06; 
const growthFactor = 0.65;

const scaleFactor = payeeMaxReward / (maxTransactionAmount * payeeRebateRate * (1 + accountTax));

const reward = usd * payeeRebateRate * (1 + accountTax) * Math.pow(usd / maxTransactionAmount, growthFactor) * scaleFactor

return Math.floor(Math.max(Math.min(reward, payeeMaxReward), payeeMinReward))

• Payer

const amount = paymentAmount; 
const maxTransactionAmount = 50000; 
const payerMaxReward = 30000; 
const payerMinReward = 50;
const payerRebateRate = 0.04; 
const growthFactor = 0.65; 

const reward = usd * payerRebateRate * Math.pow(usd / maxTransactionAmount, growthFactor) * scaleFactor 

return Math.floor(Math.max(Math.min(reward, payerMaxReward), payerMinReward))

• Inviter

A one-time bonus for invited users who complete their initial payment.

Reward = 200

• Invitee

A one-time bonus for being invited and completing initial payment.

Reward = 100

Amount: Total amount of current payment 
Account Tax: Account tax rate (e.g. 1.5%) 

Payee Rebate Rate: Rebate rate (e.g. 5-10%)
Payer Rebate Rate: Rebate rate (e.g. 0-5%)

Points Depletion and Deflation

• Reward Burning

Each time a reward is paid out, the platform destroys 10-20% of the reward pool.

Example: If a $10 Points reward is issued, an additional $1-2 Points will be destroyed;

Unregistered users (consumers) rewards within a certain period of time without a timely claim, and then destroyed.

• Handling fee destruction

Of the handling fee paid by the merchant, 20% is transferred to the destruction pool and destroyed periodically.

• Regular Buyback and Destruction

The platform uses a portion of its revenue to buy back and destroy to reduce market liquidity every quarter.

• Unused Points Destruction

If a part of the reward pool is not issued within the specified time, the unissued part will be destroyed.

Points Reward Example

• Payment Cashback

An AI company or indie station steward receives a subscription from a consumer user for a payment of 100 USD with a payee rebate of 6% (random value out of 5-10%), an account tax rate of 1.5%, and a payer rebate of 2% (random value out of 0-5%, and it needs to be claimed by the user using the current payment wallet for a certain period, and it will be destroyed if not claimed after that period)

The minimum amount to qualify for order rewards is $5. For details, refer to the Points Formula

• Invitation Bonus

User A invites User B to register and complete the first payment, User A gets 200 Points, User B gets 100 Points. The system deducts 300 Points from the Eco Incentive Pool.

• Tax Discount

Merchant stakes 100000 Points, and the handling fee is discounted from 1.5% to 1%.

Points Flow

More information to be announced