Nexevo Pay (VPAY)

About
Nexevo Pay is the most secure DeFi platform built on blockchain technology with escrow smart contracts safeguarding both buyers and sellers.

The Problem
The irreversibility of Crypto transactions poses risk for buyers and sellers when using Crypto for payments. Over 46,000 people have lost money in Crypto fraud since the beginning of 2021 and our goal is to prevent payment fraud by providing a solution to safeguard buyers & sellers.

Our Solution
With our DeFi payment system, the tokens are transferred to a 3rd party smart contract called the escrow. The escrow holds the deposited tokens until the payment conditions are met. The parties involved in the transaction need to ensure that both the agreed product/service is delivered and payment is made. The buyer can define conditions for the smart contract such as Pay on Delivery / Pay Instantly / Pay after 7 Days / Milestone Payments. The tokens are released after the escrow smart contract conditions are met to ensure that the buyer gets the desired product/service and the seller gets the payment. In a situation where the buyer/seller disputes a transaction our dispute resolution team will intervene and validate the transaction manually.

Token
VPAY is a Utility Token created for our DeFi payment platform. The holders can hold the token and earn reward fees. After our product development is complete by Q2 2023 the token will be used as a Utility Token on our payment platform.

NexevoPay customers would hold balance in VPAY to send and receive payments. The transaction fees will also be charged in VPAY and a specific % of the revenue collected from the transaction fees will be burned which will make the token deflationary.

Transaction volume on the payment platform will benefit the holders and they can also use their accumulated VPAY tokens on the payment platform to send and receive payments.