CoinsPaid

Halal Rating :
Uncomfortable
Contract: 0x9b31bb425d8263fa1b8b9d090b83cf0c31665355
Last Price $0.003 Last updated:
Rank 7526
1D Change 0.00 %
Market Cap -
Circulating supply 0
Maximum supply 800,000,000

Crypto Overview

Categories
  • Ethereum Ecosystem
  • Polygon Ecosystem

Purpose and Utility

CoinsPaid (CPD) is the utility token of the CoinsPaid ecosystem, a crypto payment processing platform. The token is designed to provide benefits within their payment processing system, including reduced fees for merchants using their services, staking rewards, and governance rights.

Business Model Analysis

The platform primarily focuses on providing cryptocurrency payment processing services for merchants. The business model involves facilitating cryptocurrency transactions and conversions for online businesses. While the platform itself claims to focus on general e-commerce, there are concerns about its significant usage in gambling-related transactions.

Real-World Adoption

CoinsPaid has demonstrated significant adoption in the payment processing space, processing over €12 billion in transactions since inception. However, a substantial portion of these transactions appears to be related to online gambling platforms.

Development Activity

The project maintains active development of its payment processing infrastructure and continues to expand its services. The team regularly updates their technology stack and has implemented security measures to protect transactions.

Token Distribution and Governance

CPD tokens are distributed across various stakeholders, including team members, investors, and the ecosystem fund. The token includes staking mechanisms and governance features that allow holders to participate in decision-making processes.

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