IVPAY PriceIVPAYInactive

What is IVPAY (IVPAY)?

IVPAY is the native token of ivendPay, a fintech project that provides universal cryptocurrency payment solutions for retail stores, e-commerce platforms, and vending machines. The project is designed to integrate digital currency payments into everyday transactions, making cryptocurrencies more accessible and useful in daily commerce. ivendPay offers a suite of tools including POS terminals, mobile applications, e-commerce plugins, REST APIs, and smart vending machine solutions. The platform supports over 40 cryptocurrencies and operates on the Binance Smart Chain (BNB Chain). The IVPAY token has a maximum supply of 1,000,000,000 tokens, with approximately 963.92 million in circulation. The project is headquartered in Lisbon, Portugal, and was founded in 2022. IVPAY became live for trading on March 11, 2024.

Key Specifications & Tokenomics

• Token Name: IVPAY
• Project Name: ivendPay
• Ticker Symbol: IVPAY
• Category: Payments
• Public Blockchain: Binance Smart Chain (BNB Chain)
• Contract Address (BSC): 0xde5b...76eefb
• Block Explorer: bscscan.com
• Total Supply: 1,000,000,000 IVPAY
• Max Supply: 1,000,000,000 IVPAY
• Circulating Supply: 963,924,881 IVPAY
• Supply on TGE: 2.5% of total supply
• ICO Token Price: $0.03
• ICO Total Raise: $75,000
• Total Raised Across Rounds: $4.2M in 7 completed rounds
• Initial Circulating Supply: 32,000,000 IVPAY
• Headquarters: Lisbon, Portugal
• Founded: 2022
• Official Website: https://ivpay.io/
• Whitepaper: https://ivendpay.com/whitepaper.pdf

Who created IVPAY?

ivendPay was founded in 2022 by Sergey Danilov and Paul Vysotski. The company is headquartered in Lisbon, Portugal. Sergey Danilov serves as CEO and founder of IVPAY. After Fred Pires stepped down from his role as CEO, Sergey Danilov took over the position. Daniel Anti serves as Chief Marketing Officer, and Miguel Francis works as Business Development Coordinator. The company has expanded its team, welcomed a new CEO, and launched the IVPAY token to add depth to its ecosystem. The project maintains an active presence across multiple social media platforms including X, Instagram, LinkedIn, and Medium.

How does IVPAY work?

ivendPay leverages blockchain technology to facilitate secure and transparent cryptocurrency transactions. The blockchain serves as a decentralized ledger that records every transaction across a network of computers, making it nearly impossible for any single entity to alter records without network consensus. A standout feature is the integration of Near Field Communication (NFC) technology, which ivendPay describes as the world's first cryptocurrency payment technology to leverage NFC for swift and secure transactions. The payment flow through the mobile app involves entering the purchase amount in local currency, selecting a preferred cryptocurrency, scanning a QR code from any crypto wallet, and completing the transaction to receive a receipt and goods. The platform supports Bitcoin, Binance Coin, Ethereum, Euro via SEPA transfers, Tether across multiple networks, XRP, TRON, and TON. Merchants can choose to accept only stablecoins, major cryptocurrencies, or all available options, and can keep funds in crypto or instantly convert to fiat.

What makes IVPAY unique and valuable?

IVPAY distinguishes itself through several key features. It is described as the world's first cryptocurrency payment technology to leverage NFC, enabling contactless crypto payments. The project offers a comprehensive product suite including crypto payment terminals, a mobile app that transforms any smartphone into a portable crypto PoS machine, e-commerce integrations for platforms like OpenCart and Magic Store, smart vending machine solutions, invoicing tools, and REST API integration. ivendPay is licensed in Europe, ensuring compliance with stringent regulatory standards. The platform supports over 40 cryptocurrencies and operates in more than 400 locations across 5 countries including the UK, Spain, Brazil, India, and Germany, with plans to expand to more countries. The project aims to bridge the gap between traditional financial systems and the digital economy while reducing processing costs and fees.

What is IVPAY used for?

IVPAY serves as the native utility token within the ivendPay ecosystem. It facilitates cryptocurrency payment transactions across the platform's various channels including POS terminals, e-commerce plugins, mobile applications, and vending machines. The token enables merchants to accept digital currency payments seamlessly and provides a means for processing crypto-fiat solutions. IVPAY holders can participate in the ecosystem's payment infrastructure, which supports over 40 cryptocurrencies. The token is used within a system designed to reduce processing costs and fees compared to traditional payment methods. IVPAY is positioned as an easy, safe, and fast way to accept crypto payments for retail, e-commerce, and vending machine businesses, enhancing the accessibility and utility of cryptocurrencies in everyday transactions.

How Is the IVPAY ecosystem developing?

The ivendPay ecosystem continues to expand through strategic partnerships and integrations. The project has established partnerships with industry players like Binance Pay and Magic Store. Integration with OpenCart stores allows merchants to easily incorporate cryptocurrency payments into existing systems. The mobile app is available on both the App Store and Google Play, with regular updates introducing new features and improvements. Version history shows progression from version 1.0 in February 2023 to version 3.0.1 in November 2024, with enhancements including Bluetooth printer support, new designs, and payment page improvements. The project has participated in major industry events including Token2049 and events in Dubai. ivendPay currently operates in over 400 locations across 5 countries, with plans to expand to more countries. The team has also published tokenomics evolution updates, demonstrating a commitment to transparency and community communication.

How to mine IVPAY?

IVPAY is not a mineable cryptocurrency. It operates on the Binance Smart Chain as a token with a fixed maximum supply of 1,000,000,000 IVPAY. The token was initially distributed through an ICO with a token price of $0.03, raising $75,000. According to ICO details, ivendPay raised a total of $4.2 million across 7 completed rounds, with distribution terms of 30% on TGE followed by equal installments over a period of 2 years. There is no mining mechanism for IVPAY as it is a pre-mined token on the BNB Chain. Users can acquire IVPAY through supported trading venues. The project focuses on payment utility rather than mining or staking rewards.

How to keep your IVPAY Coin safe?

To keep your IVPAY tokens safe, store them in a reputable cryptocurrency wallet that supports Binance Smart Chain (BEP-20) tokens. Hardware wallets provide enhanced security by keeping private keys offline. Always verify contract addresses before conducting transactions and ensure you are interacting with official ivendPay platforms. Enable two-factor authentication on any exchange accounts used to trade IVPAY. Be cautious of phishing attempts and never share your private keys or seed phrases with anyone. Since IVPAY operates on Binance Smart Chain, you can use BSC-compatible wallets. Regularly update your wallet software and device operating systems to protect against vulnerabilities. Consider using multiple wallets to diversify storage risk, and keep a secure backup of your wallet recovery phrase in a safe location.