FilipCoin - Tokonized Payment System for Rapid Payment

Overview:

It's no secret that the transportation sector has its own share of a problem when it comes to synchronizing multiple payment data systems, the result is inefficiency and duplication o payment data. Imagine if all of the stakeholders in this multi-payment data system could be brought together in a single payment consortium of a blockchain yes that's possible with Filipcoin. Filipcoin is tokenized payment system for rapid payments along with additional savings due to low transaction fees. Furthermore, fiat currency once converted into Filipcoin can be used interchangeably by multiple stakeholders. A decentralized finance system is tailor-made to ease and expedite the transportation system with an innovative tokenized payment that is both profitable and sustainable for all stakeholders like commuters or business owners. It is a completely safe and secure blockchain-enabled decentralized tokenized payment that can be integrated with multiple decentralized apps with a smart contract facility for additional validation and verification by involved stakeholders register an account and buy Filipcoin.

What is Filipcoin?

FILIPCOIN is creating a blockchain ecosystem for mobile application services in the service economy sector. FILIP’s mission is to create a social capital platform for service economy applications integrating blockchain technology to utilize and strengthen decentralized transaction protocol systems to serve and address the interests of all of its participants locally and globally.

The goal is to develop and innovate our own blockchain technology which focuses on decentralized finance, a system of service economy application that will provide practical solutions for users, investors, and developer partners.

FILIP envisions to be one of the pioneers of cryptocurrency in the Philippines to implement DeFi, as well as in Asia, and drive the country to global financial digitization. We envision to be the catalyst of financial technology facilitating the growth of our partners, investors, and the rest of our stakeholders.

Here are FILIPCOIN objectives:

Provide smooth and secure transactions between apps, merchants, and users;
Provide the possibility of transferring value between users & merchants;
Make the process of exchanging/splitting of virtual currencies;
Payment gateway collaboration with different industries;
Create & provide mass payment facility to fulfill community needs.

Advantages Of Filip Coin

Flexible - Ease of Use. This particular use will allow partners from Transportation and other mobile payment application service sector to integrate a payment gateway to the FILIPCOIN blockchain ecosystem, these plug-and-play tools make it easy for anyone with a smartphone to access financial services at a lower cost and will provide ease to its users, hence the beauty of a decentralized system leveraged by having its own blockchain technology.

Collaborative - Through decentralization, increased accessibility of available technology developed, though FILIPCOIN will be able to cater to significant groups of users and target markets covering Developers, Corporations, Small-Medium Enterprise and End User.

Supportive - the whole team and the FILIPCOIN holders from 2017 has built the greater foundation from the public for continuous support and development of the FCP ecosystem. It will be the responsibility of the team for the cryptocurrency assets, development of coin, and the continuous updates of future products and services under the FILIPCOIN blockchain. Funds received by the FILIP organization will be utilized to further improve the FILIPCOIN in order to increase its value with proper integration of service economic application projects.

Exclusive - Exclusive Technologies that are already operational in the Transportation Industry in The Philippines. The team behind the FILIPCOIN is creating a blockchain ecosystem for decentralized applications (DApps) with decentralized exchange (DEX) in the payment service economy sector. Unlike other projects in the cryptocurrency world, FILIPCOIN holders already gain automatic access to a developed and fully functional application for the Transportation Industry, with additional uses and benefits in the pipeline.

Prospective - The first cryptocurrency, Bitcoin, is still the most well-known application of blockchain. However, this technology has since rapidly evolved and expanded in many other areas. The initial hope with Bitcoin was to make both money and payments decentralized and universally accessible. Although Bitcoin failed to live up to this promise, decentralized finance based on blockchain (“DeFi“), also called open finance, is a fledgling technology with potential. DeFi operates via decentralized, permissionless (without any central authority) applications, called DApps, built on a blockchain network, most commonly Ethereum. Visionaries see this as an open-source alternative to every financial service we use today. Picture savings, loans, and trades, to insurance, and even more, as all globally accessible.

Safe & Secure - As part of blockchain technology, FILIPCOIN is committed to delivering a secure and compatible platform to an open-source community. Our professional team of developers will utilize the integration of on-chain and off-chain data through technical and conceptual innovation.

What is FCP token?

The FCP Token will be used to power the FILIPCOIN service economy app projects and will work as a means to reward or get rewarded for participation in the peer to peer payments

With the maximum supply of 168 Million FILIPCOINS, of the total generated tokens, 83,868,000 Million will be allocated for the ICO which will run for 2 months. It should be noted that the minimum FCP requirement is 100 FILIPCOINS

TOTAL SUPPLY 168,000,000.00

Privileges for FCP holders

Exclusive privileges are offered to FILIPCOIN holders to provide a premium for participating in the ICO. Owning of Filipcoins are prerequisites to accessing the services and projects that holders may use and utilize, allowing them to maximize their purposes and accompanying benefits.

Filipcoin (FCP) facilitates adoption to digital currency trend, send and receive FC, BTC, ETH anywhere in the world, exchange tokens under ETH and Pay fare in most of the mode of transaction anywhere.

FILIPAY APPLICATION

FCP / Filipay facilitates automatic fare collection to all Public Utility Vehicles, adoption of digital currency trends, send and receive money/credits anywhere in the world, get rebates from your favorite shopping sites or restaurants, pay ahead with your bills, gasoline, foods, travels and many more.

Decentralized Exchange for cryptocurrencies
Automatic Fare Collection
Pay Ahead that Maximizes Payment Mobility
Accessible, Reliable, and Convenient
Digital Currency as Reward Points
Highly Secured E-Wallet ü Send and Receive Digital Currency
Collaborative Rebates
Loading Gateways

Roadmap:

Phase 1 (October 2017 to November 2020) covers the creation of the FCP TEAM and the development of an informative website

Phase 2 (December 2017 to November 2020) targets the Affiliate Site where applications, bounty rewards, and airdrops are carried out.

Phase 3 (December 2017 to March 2021) also covers the development of complete features of FILIPAY with Filipworks where transportation business transactions are monitored

Phase 4 (November 2020 to January 2021), FCP Mobile Wallet will be developed.

Phase 5 (October to December 2021) offers the Filipay and Filipcoin wallet via DEX (Decentralized Exchange) Fiat to Digital Currency Conversion

Phase 6 (2021-2025) Start of BLOCKCHAIN DEVELOPMENT for Service Economy App will commence

Conclusion

FILIPCOIN is creating a blockchain ecosystem for decentralized applications (DApps) with decentralized exchange (DEX) in the payment service economy sector. Unlike other projects in the cryptocurrency world. Under the FILIP blockchain, all transactions paid through FILIPCOINS and other tokens and cryptocurrencies will facilitate the FILIPCOIN circulation. With its usefulness and multiple applications, long-term FILIP ‘holders’ will soon be owning a legacy coin that can be used from one generation to another as FILIP continues to provide a more accessible financial technology while advocating a better quality of life.