PayProtocol White Paper (Rebranded) Release Announcement
Hello, this is PayProtocol.
PayProtocol is pleased to announce the release of our new White Paper, which represents a comprehensive overhaul of our technology, tokenomics, and governance framework.
This white paper introduces PayChain, our next-generation payment infrastructure; the Pay-to-Finance (P2F) model that bridges payments and finance; and transparent, predictable PCI distribution and lock-up policies.
PayChain is PayProtocol's payment-dedicated blockchain built on the EVM (Ethereum Virtual Machine), serving as the core infrastructure that integrates payment processing, settlement, and stablecoin liquidity management.
Through these improvements, PayProtocol has established itself as a global payment infrastructure with enhanced technical reliability and transparency.
Key Updates
1. Introduction of PayChain – Expanding Global Payment Infrastructure
While maintaining the stability and reliability of our existing Hyperledger mainnet, the white paper presents a next-generation payment architecture centered on PayChain.
ㆍThe Hyperledger mainnet operates as the Settlement Ledger Layer, ensuring transaction data integrity and immutable finality based on regulatory compliance and payment stability.
ㆍPayChain is designed as a payment-dedicated blockchain that interoperates with this mainnet, serving as the execution infrastructure responsible for processing global payment
transactions, managing liquidity, and facilitating stablecoin exchanges.
PayChain connects with various external liquidity sources, stablecoins, and public networks for payment and settlement purposes. Throughout the exchange and settlement processes, PCI functions as the core token with expanded roles beyond its existing payment utility—now also serving as a settlement and gas asset. The architecture is designed so that as payment activity increases, PCI usage frequency and demand grow in tandem, creating a structure where value throughout the payment network circulates around PCI.
2. P2F (Pay-to-Finance) – Transforming Payments into Finance
Idle funds generated from the time gap between payment and settlement are converted into operational liquidity, deployed through smart contracts on PayChain into DeFi liquidity pools to generate returns.
ㆍIn this process, PCI operates as the core asset for liquidity provision, settlement, fee payment, and reward distribution, with returns generated transparently distributed among buyers, sellers, and network participants.
ㆍA portion of fees and operational returns flows back to PCI for buyback and burn, creating a virtuous cycle where increased payment activity drives both PCI usage frequency and value.
ㆍThis transforms payment from a simple transaction into economic participation and financial activity, completing a sustainable payment structure where ecosystem-wide liquidity circulates around PCI.
P2F represents PayProtocol's core innovation and the centerpiece of our next-generation payment model—a sustainable Web3 payment structure where buyers, sellers, and network participants all share benefits fairly.
3. PCI Token Economy Reform and Burn Mechanism
ㆍThe tokenomics have been reformed with a deflationary structure where 50% of payment and transfer fees are automatically burned, creating a virtuous ecosystem where increased usage progressively reduces PCI supply and strengthens scarcity.
ㆍPCI is used for all major functions within PayChain including payment, settlement, staking, and governance, significantly expanding the token's practical utility compared to before.
4. Lock-up and Distribution Policy
ㆍAll foundation-held PCI is publicly managed through smart contracts on a public network (Arbitrum) for transparency and unlocked gradually over scheduled periods.
ㆍEven after lock-up periods end, re-lock or redistribution policies subject to governance decisions will be applied to maintain market stability.
Through these measures, PayProtocol has significantly strengthened the predictability and credibility of token distribution.
For detailed information, please refer to our official white paper.
▶ PayProtocol White Paper V10 (Rebranded)
This white paper represents a milestone in advancing the payment infrastructure PayProtocol has been building.
Based on a stable payment environment and transparent token structure, we will continue to move forward in a direction that enables users and the ecosystem to grow together.
We thank everyone who has placed their trust in PayProtocol, and we remain committed to delivering even better services moving forward.
Thank you.