We Free The Payday

To the World Wide Currency

We Free The Payday

To the World Wide Currency

Until the start of the ICO

Current BONUS 50%

STEP 1
BONUS COIN

STEP 2
BONUS COIN

STEP 3
BONUS COIN

STEP 4
BONUS COIN

STEP 5
BONUS COIN

STEP 6
BONUS COIN

Background problem

  • Sudden payment
    (multiple debts)

    For households reporting no savings , there is a weight on sending out daily lives, when sudden expenses are needed it is in the situation that they borrow from the same day loan, or consumer finance.

  • Remittance commission to home country

    For foreign workers without bank account to send to families of home country, including various fees and transferring costs, it will be about 15%.

  • Person who does not have salary account

    About 1.7 billion people do not possess bank accounts throughout the world. There are costs and procedures related to opening an account, distance to bank as factors.

Sudden payment
(multiple debts)

For households reporting no savings , there is a weight on sending out daily lives, when sudden expenses are needed it is in the situation that they borrow from the same day loan, or consumer finance.

Remittance commission to home country

For foreign workers without bank account to send to families of home country, including various fees and transferring costs, it will be about 15%.

Person who does not have salary account

About 1.7 billion people do not possess bank accounts throughout the world. There are costs and procedures related to opening an account, distance to bank as factors.

Technical problems

Speed and security to distribute encryption currency as a global standard

The biggest feature of the public block chain is that the central manager does not exist, distributes the transaction register, obtains an unspecified large number of approvals, and since fraud and falsification is said to be impossible, the validity of the transaction and value are ensured. However, on the other hand, since it can not be easily updated and improved, it will take time to verify, and in practical use there is a problem of delaying transactions etc. The future challenge for distributing encryption currency is to improve the processing speed while maintaining non-centralized centralization and security, and to prepare an environment where the encryption currency can be utilized more closely.

Solution

Liberalization of payday dates and diversification of currencies

By establishing a series of flows from entrance "payroll" to exit "payment ", FreePay makes the market more valuable more quickly and it becomes a world standard circulation currency. Based on the salary advance payment system that has already been developed in Japan, it allows you to reflect diligence record on salary in real time and receive it as cash or FreePay at your own favorite timing before payday. In addition, it is a system that can remit money overseas worldwide borderlessly with FreePay prepaid in one-stop. Also, FreePay has " Plasma " technology to increase processing speed. Accelerating transactions will enable stress-free settlement. FreePay is expected to cooperate with various companies, diversify use opportunities, and be widely used all over the world by arranging an environment where companies can easily introduce.
* The coin by the salary advance payment system is the stable coin (name: FreePay Cash) conforming to Ethereum's ERC-20. "

It is useful in such a scene

  • Daily payment

  •       
  • Remittance to one's home country

  •       
  • Substitution of salary account

Daily payment

Remittance to one's home country

Substitution of salary account

Advantage of FreePay

Cash

Virtual Currency

Credit

Encryption currency

Type

Cash

BitCoin

FreePay

Point

VISA

Availability at store

OK

partially OK

OK

closedly OK

partially OK

Transaction speed

fast

slow

fast

fast

fast

Consensus Algorithm

N/A

Pow

Pos+Plasma

N/A

N/A

Cost of authorization

nil

expensive

inexpensive

nil

annual maintenance cost

Settlement fee

nil

user pays

store pays

store pays

store pays

Range of availability

worldwide*1

exchange

worldwide

closed

member store

Encryption

open

ECDSA SHA256

ECDSA
KECCAK256

N/A

N/A

Safe

Damage・theft

Remote lock of mobile such as smartphone

Remote lock of mobile such as smartphone

antitheft by reporting to issuing company

antitheft by reporting to issuing company

Authorizer

myself

many and unspecified

many and unspecified

myself

myself

Method of custody

wallet

eWallet

eWallet

wallet

wallet

Commission of overseas remittance

expensive

inexpensive

nil*2

impossible to remit

expensive

Method of transaction

equivalent exchange

equivalent exchange

Smart contract*3

equivalent exchange

equivalent exchange

Unwinding of funds (chargeback)

By negotiation

No refund

Refund immediately

1month at maximum

Max. of 2months for refund

Volatility

nil

yes

yes

nil

nil

Examination for entry

nil

nil

nil

nil

yes

About infrastructure of settlement of accounts

not required

required

only providing application of settlement (no cost)

require to purchase CAT terminal (with cost)

require to purchase CAT terminal (with cost)

* 1 Required to exchange to legal tender of each country by foreign exchange rate.

* 2 At FreePay, money transfer between wallets are free of charge.

* 3 Smart contract completes transaction when given conditions are met.

FreePay Ecosystem

    FreePay Ecosystem consists of the following functions, services and applications.

  1. FreePay
  2. FreePay advance payment system(FAPS)
  3. FreePay eWallet
  4. FreePay-Xchange
  5. FreePay overseas remittance
  6. FreePay Payment

FreePay Ecosystem is unique compared to other cryptographic currency ecosystems and applications because the FAPS is offered. This system enables workers to receive in real time as prepaid wages that they have already worked for a certain period of time before the payday. For example, workers with an early payment need, such as phone charges and electricity charges, can apply for advance payment through their own FreePay eWallet. This system is linked to an diligence information system that records the work hours of the worker. If the worker has no other applicable restrictions, the prepaid salary will be remitted to the worker's FreePay eWallet by FreePay Cash.

About cooperation with settlement service

Assuming to distribute it as a global standard encryption currency, you need to consider the distribution route. FreePay will be the entrance part of the payment. Working with a number of settlement service companies as exits allows workers to select more service companies to settle. As a result, we can respond to various payments and the distribution of FreePay will spread on a global scale.

Usage of funds generated

Reserve

Salary and wage

License and regulatory compliance

Legal advice and commercial advice

Team and Contributors

Marketing / Buyer invitation

IT development and execution

Distribution of fund use

Reserve

Salary and wage

License and
regulatory compliance

Legal advice and
commercial advice

Team and
Contributors

Marketing / Buyer invitation

IT development
and execution

Roadmap

Phase 00

2015

Start operating the salary advance payment system

Phase 01

2018.06

Composition of the FreePay Foundation
Establishment of FreePay based on ERC-20 standard issued on Ethereum- blockchain.

2018.07

Pre sale

2018.09

Block chain technology development by plasma technology is under way
Development of FreePay Ecosystem starts

Phase 02

2019.01

Business development in Asia( including Korea, Thailand, Indonesia and Vietnam )
Accepting commercial purpose of FreePay, acceptance of at least 3,000 bases
To accept 10,000 bases by the end of 2019

Partnership with banks in countries, major settlement systems

* Within 2019, listed on Bittrex first, then on three exchanges within the top 10

Phase 03

2020

Global expansion of FreePay
Further penetration of FreePay into real economy (acceptance of over 50,000 bases)
Start FreePay Payment

Team of FreePay

Yoshikazu Nishimura

Block chain engineer / CTO

Graduated from Waseda University, Faculty of Education, Department of Science majoring Mathematics, graduated from the University of Southern California M. S. in Computational Molecular Biology. Engaged in DB consulting at Oracle Japan. After that, he established Comps Information Technology Research, Co., Ltd. to develop and consult on academic projects such as natural language processing and machine learning, while separating GU Lab Co., Ltd. specializing in block chain technology research, vigorously developing and providing tools to Tachyon Wallet wallet for mobile and Ethereum development ecosystem. At Global Blockchain Summit 2016 he proposed a location information platform based on block chain technology and received the Best Innovation Award. In March 2018, established ICOVO in Zug of Switzerland to provide ICO support service with Akihiro Yamase, Masahiko Kumada and he became CTO (Chief Technology Officer). He wrote "First Block Chain Application ~ Introduction to Smart contract development by Ethereum" (Shoei company in 2017).

Kazuhiko Nishi

CO researcher / Advisor

He is an engineer and a businessman representing Japan in the IT industry. He is known as the founder of ASCII. In 1976, the company launched "I / O" which was an advanced microcomputer magazine at the time, later engaged in the design of MS-DOS and IBM PC together with Bill Gates of Microsoft, when he had great influence at dawn period for Japanese development of personal computer world. Currently he retires from ASCII and is working as Director of IOT Media Laboratory at the University of Tokyo graduate school of engineering, Professor of Shobi Gakuen University, Dean of Suma Gakuen, Representative Director of ITNY & Partners Co., Ltd.. He is also active in the field of technical education, contributing to the establishment of "MSX Association" and others. He is also active in lecture activities and has many papers and books. He was Microsoft's former vice president.

Paul Yu

Adviser

“In Dubai, the reality is that workers from undeveloped or less developed countries have to pay fees of about 10% of their overseas remittances. In addition, hundreds of thousands of these workers have a need for advance payments of salary. I believe that Japan‘s fintech technology will help 2 billion people without bank accounts to simplify and reduce their household finances. FreePay will contribute to the financial health of all people.” He is graduated from Korea University and specialized in International Financial Accounting and Marketing. He has worked in the New Japan Securities (currently Mizuho Securities) overseas division, focusing on large foreign institutional investors, as well as the distribution and underwriting etc. of Japanese stocks and bonds. He is also held the position of Director of Business Development for Alibaba division at Optical Communication Co., Ltd., and SBI FinTech Solutions Co., Ltd., where he cooperated in planning and implementing the Global Prepaid Card.

Yoshikazu Nishimura

Block chain engineer / CTO

Graduated from Waseda University, Faculty of Education, Department of Science majoring Mathematics, graduated from the University of Southern California M. S. in Computational Molecular Biology. Engaged in DB consulting at Oracle Japan. After that, he established Comps Information Technology Research, Co., Ltd. to develop and consult on academic projects such as natural language processing and machine learning, while separating GU Lab Co., Ltd. specializing in block chain technology research, vigorously developing and providing tools to Tachyon Wallet wallet for mobile and Ethereum development ecosystem. At Global Blockchain Summit 2016 he proposed a location information platform based on block chain technology and received the Best Innovation Award. In March 2018, established ICOVO in Zug of Switzerland to provide ICO support service with Akihiro Yamase, Masahiko Kumada and he became CTO (Chief Technology Officer). He wrote "First Block Chain Application ~ Introduction to Smart contract development by Ethereum" (Shoei company in 2017).

Kazuhiko Nishi

CO researcher / Advisor

He is an engineer and a businessman representing Japan in the IT industry. He is known as the founder of ASCII. In 1976, the company launched "I / O" which was an advanced microcomputer magazine at the time, later engaged in the design of MS-DOS and IBM PC together with Bill Gates of Microsoft, when he had great influence at dawn period for Japanese development of personal computer world. Currently he retires from ASCII and is working as Director of IOT Media Laboratory at the University of Tokyo graduate school of engineering, Professor of Shobi Gakuen University, Dean of Suma Gakuen, Representative Director of ITNY & Partners Co., Ltd.. He is also active in the field of technical education, contributing to the establishment of "MSX Association" and others. He is also active in lecture activities and has many papers and books. He was Microsoft's former vice president.

Paul Yu

Adviser

“In Dubai, the reality is that workers from undeveloped or less developed countries have to pay fees of about 10% of their overseas remittances. In addition, hundreds of thousands of these workers have a need for advance payments of salary. I believe that Japan‘s fintech technology will help 2 billion people without bank accounts to simplify and reduce their household finances. FreePay will contribute to the financial health of all people.” He is graduated from Korea University and specialized in International Financial Accounting and Marketing. He has worked in the New Japan Securities (currently Mizuho Securities) overseas division, focusing on large foreign institutional investors, as well as the distribution and underwriting etc. of Japanese stocks and bonds. He is also held the position of Director of Business Development for Alibaba division at Optical Communication Co., Ltd., and SBI FinTech Solutions Co., Ltd., where he cooperated in planning and implementing the Global Prepaid Card.

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