SmartPay leverages blockchain technology and smart contracts to simplify the existing complex settlement structures, creating a more transparent and efficient environment for both merchants and consumers. Users are granted full ownership of their points, while SmartPay merchants benefit from reduced fees and improved operational efficiency.
When payments are made using SmartPay tokens, points are automatically accumulated through smart contracts at a fixed rate. Since there is no intermediary providing the point rewards, transaction fees are reduced, and small business owners can easily offer point accumulation benefits to their customers without the high costs of developing or maintaining a separate point system. Moreover, the points earned can be freely used at any store that accepts SmartPay, not just the one where the points were originally accumulated.
SmartPay DAO operates with a structure that maximizes the participation and benefits of small business owners. Through the SmartPay integrated point system, small business owners can efficiently manage marketing, point accumulation, and customer relations. Additionally, they can autonomously propose and decide on policies via the DAO.
martPay DAO grants voting rights and the ability to propose ideas, empowering small business owners to directly suggest policies essential for business operations. From planning promotions and adjusting point accumulation rates to determining usage policies and allocating marketing funds, business owners can participate in critical decisions. They are also rewarded for their contributions to maintaining and leading the ecosystem. These decisions are automatically executed through smart contracts, solidifying the role of franchise owners as key drivers of the SmartPay ecosystem.
The project team leads the overall strategy and system improvements for the ecosystem, enhancing its efficiency. Small business owners, as key participants in the DAO, discuss and influence policy improvements and operational directions. Investors are also integral to the ecosystem, ensuring the protection of their investments and transparent operations, with guaranteed participation rights.
SSmartPay DAO ensures fair profit distribution in proportion to the contributions of small business owners to the ecosystem’s policies. Profits are distributed automatically and accurately through smart contracts, providing a stable foundation for small business owners to operate within the SmartPay ecosystem.
In the SmartPay (SMTP) ecosystem, points are transformed into liquid and tradable assets, enhancing their usability and providing real value to users. Traditional point systems are often restricted to a single brand or franchise, limiting their utility. However, SmartPay points can be used and accumulated anywhere SmartPay payments are accepted globally.
The points accumulated through SmartPay payments are not limited to specific products or services. Users can convert their accumulated points into SMTP tokens via the SmartPay platform, and these tokens can be traded on exchanges, making them easily convertible to cash. This tokenization of points signifies a transformation of points into liquid financial assets, giving them real economic value.
Unlike traditional point systems that are confined to a single country or region, SmartPay establishes a point system that can be used globally. Users can accumulate points anywhere in the world where SmartPay payments are accepted and convert these points into SMTP tokens, providing broad ownership and convenience.
SmartPay (SMTP) has a phased growth strategy to expand its reach. Starting with the launch in Asia in 2026, the expansion will continue into the United States and Europe by 2027, allowing both global users and merchants to enjoy the benefits of the SmartPay ecosystem. To ensure a stable entry into global markets, SmartPay will build partnerships and localization strategies that account for regional regulations and cultural differences, establishing a solid technical infrastructure.
Most mobile gift certificates are not sold directly by the businesses but rather through third-party intermediaries. When these mobile gift certificates are used in stores, the operator deducts commissions before settling the payment with the franchisee or passing it through the headquarters to the franchise owner. This interconnected settlement structure carries risks, as delays in receiving payments from the sales channels can prevent timely payments to franchise owners.
In the SMTP ecosystem, the settlement structure is automated through smart contracts. This innovation significantly improves the complicated settlement process, which previously took as long as 5 to 15 days, ensuring an efficient and transparent process that enhances operational efficiency.