We Free The Payday

To the World Wide Currency

We Free The Payday

To the World Wide Currency

Sales

<Selling price until 31/05/2019>

25000FPTS = 1.428572ETH

*The selling price will be changed twice a month.
*Minimum purchase unit is 25000FPTS.

<Selling price until 31/05/2019>

25000FPTS = 1.428572ETH

*The selling price will be changed twice a month.
*Minimum purchase unit is 25000FPTS.

BUY TOKENS

Bluepaper

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TechnicalDocument

Download【English】

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 Employee Attendance 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-cash","Sharding" 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
-cash+Sharding

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

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 operation 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.

2018.09

Pre sale

2018.09

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

Phase 02

2019.12

Business development in Asia( including Korea, Thailand, Indonesia and Vietnam )

Partnership with banks in countries, major settlement systems

*Scheduled to be listed on the crypto currency exchanges within 2019

Phase 03

2020

Global expansion of FreePay
Further penetration of FreePay into real economy
Start FreePay Payment

Team of FreePay

  

Greg Ellis

FreePay CEO / Inventor of Mobile / Online Video

Ellis invented and patented the core technology processes used in billions of mobile & online videos worldwide. Ellis worked with ElonMusk, produced an NHK business show with billionaire Azim Premji of Wipro, and pioneered blockchain transaction & proprietary security processes with ATOS & other large multinational companies.

  

Kazuhiko Nishi

FreePay Adviser

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.

  

Johan Van de Gronden LLM

FreePay Adviser / AtoS Syntel / Breakaway Business Technology

Johan sells and delivers high impact, strategic and complex assignments for prominent clients always including emerging tech and creative problem solving. As Managing Director Johan has successfully managed Global FS consulting practices at Atos, KMPG, Deloitte and PwC. Before that he served as executive at ING Group. His team and clients describe Johan: "a creative and innovative mind with the ability to execute, his leadership style is inspirational and energetic" . Johan is a thought leader in Industry 4.0 and Financial Services

  

Todd Brockman

FreePay Vice President- Strategy / Crypto Block Conference Worldwide

Todd Brockman is an entrepreneur and venture capitalist with an extensive track record of founding, advising and investing in disruptive businesses. Brockman serves as Managing Director of the MichaelBass Group, a private equity firm focused on technology, intellectual property and live events. Brockman is the Chairman and co-founder of Xlive, co-founder of iht2, Cryptoblockcon, Auctionvideo.com, SSU Secure, Unmanned Systems Institute.

  

Rick Marini

FreePay Advisor- Blockchain Technology / Protocol Ventures Fund San Francisco

Rick is a serial entrepreneur with 20 years of operating and investing experience in the technology space. Rick founded and successfully sold 3 companies (Tickle, BranchOut and Talk.co). He is an active angel investor in 50 early stage tech start-ups and has been an active investor in crypto since 2014. Rick is the Founder and Managing Partner of Protocol Ventures - the first fund of funds focused on crypto assets.

  

Ed Ekstrom

FreePay Business Development / Tall Castle (Former VP Intel)

Ed was a founder and Managing Director of vSpring Capital, a traditional early-stage venture capital firm which had over $400 million of Assets Under Management. Ed was Intel Executive for over 10 years, where he last served as Vice President of the Intel Communications Products Group and General Manager of the Intel Utah Software Development Center. Ed is a Trustee Emeritus of Westminster College and a former chairman of the Utah Information Technologies Association.

  

Paul Yu

FreePay 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.

  

Fazulul Rahman

FreePay Plasma Engineer

Rahman has been involved in Blockchain Projects and have built successful systems using Blockchain as a technology. He was also an evangelist for Microsoft, Mozilla Firefox and Google. He also has a strong understanding and knowledge about the plasma and sharing technology of Ethereum Blockchain.

Greg Ellis

FreePay CEO / Inventor of Mobile / Online Video

Ellis invented and patented the core technology processes used in billions of mobile & online videos worldwide. Ellis worked with ElonMusk, produced an NHK business show with billionaire Azim Premji of Wipro, and pioneered blockchain transaction & proprietary security processes with ATOS & other large multinational companies.

Kazuhiko Nishi

FreePay Adviser

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.

Johan Van de Gronden LLM

FreePay Adviser / AtoS Syntel / Breakaway Business Technology

Johan sells and delivers high impact, strategic and complex assignments for prominent clients always including emerging tech and creative problem solving. As Managing Director Johan has successfully managed Global FS consulting practices at Atos, KMPG, Deloitte and PwC. Before that he served as executive at ING Group. His team and clients describe Johan: "a creative and innovative mind with the ability to execute, his leadership style is inspirational and energetic" . Johan is a thought leader in Industry 4.0 and Financial Services

Todd Brockman

FreePay Vice President- Strategy / Crypto Block Conference Worldwide

Todd Brockman is an entrepreneur and venture capitalist with an extensive track record of founding, advising and investing in disruptive businesses. Brockman serves as Managing Director of the MichaelBass Group, a private equity firm focused on technology, intellectual property and live events. Brockman is the Chairman and co-founder of Xlive, co-founder of iht2, Cryptoblockcon, Auctionvideo.com, SSU Secure, Unmanned Systems Institute.

Rick Marini

FreePay Advisor- Blockchain Technology / Protocol Ventures Fund San Francisco

Rick is a serial entrepreneur with 20 years of operating and investing experience in the technology space. Rick founded and successfully sold 3 companies (Tickle, BranchOut and Talk.co). He is an active angel investor in 50 early stage tech start-ups and has been an active investor in crypto since 2014. Rick is the Founder and Managing Partner of Protocol Ventures - the first fund of funds focused on crypto assets.

Ed Ekstrom

FreePay Business Development / Tall Castle (Former VP Intel)

Ed was a founder and Managing Director of vSpring Capital, a traditional early-stage venture capital firm which had over $400 million of Assets Under Management. Ed was Intel Executive for over 10 years, where he last served as Vice President of the Intel Communications Products Group and General Manager of the Intel Utah Software Development Center. Ed is a Trustee Emeritus of Westminster College and a former chairman of the Utah Information Technologies Association.

Paul Yu

FreePay 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.

Fazulul Rahman

FreePay Plasma Engineer

Rahman has been involved in Blockchain Projects and have built successful systems using Blockchain as a technology. He was also an evangelist for Microsoft, Mozilla Firefox and Google. He also has a strong understanding and knowledge about the plasma and sharing technology of Ethereum Blockchain.

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