Value of UPAY Token
The value of the UPAY token is that if possesses the characteristics of the existing currency and the additional characteristics of cryptocurrency.
The value of the UPAY token includes value storage, value exchange, exchange convenience and transaction stability.
▣ Value storage : Value storage is essential to be recognized as currency. Holding the currency must be recognized as value to everyone. UPAY tokens can be recognized as value to everyone, as they lead to real goods by charging them on a UPAY E-wallet. In addition, is has the characteristics of value storage by playing a hedging role for cryptocurrency price fluctuation through instant repurchase of legal tender while acting as a cryptocurrency wallet.
▣ Value exchange : The legal currency has the feature of being exchanged with other objects based on the value storage. Currently, most of cryptocurrency cannot be exchanged for other things immediately. However, the UPAY token secures value exchange by allowing cryptocurrency to be exchanged for other things by charging them on a UPAY E-wallet.
▣ Exchange convenience : Exchange convenience can also be found in simple payment. UPAY E-wallets are currently one of the simple payment methods. In addition, a UPAY E-wallet does not have a different part from the payment process, but it is performed in the same way as the existing payment process. Therefore, anyone can use cryptocurrency settlement conveniently.
▣ Transaction stability : Since cryptocurrency are issued on the blockchain, the stability for security can be secured. In particular, forgery is not possible because all transaction processes taking place on the UPAY platform are recorded on the blockchain. UPAY tokens have a limited issuance volume, which can compensate for problems caused by quantitative easing.
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