SCOIN is the currency used within STICPAY to reward STICPAY members for using the services.
SCOIN will be rewarded up to 20% of the fees charged depending on the types of transactions.
As illustrated below, for the $100 transaction with 5% fees charged, you will earn $1 worth of SCOIN when 20% reward is applied.
All STICPAY members earn SCOIN for any transactions.
You can check your balance on your Mypage.
How to use SCOIN?
You can use SCOIN as cash rewards.
You may convert SCOIN to any fiat currency (USD, EUR, JPY, GBP) when you have minimum 30 SCOINS in your account.
Current value of 1 SCOIN is set at $1.
You can also top up your STIC cards with SCOIN and use it pay your online merchants as well as taking cash from ATM machines worldwide by charging your STIC card.
3 main benefits of SCOIN are:
- Cash withdrawal from ATM machines using STIC Card worldwide
- Pay for your online merchants in STICPAY
- Bank Withdrawal
How much is the SCOIN’s value?
Current value of 1 SCOIN is set at $1 in STICPAY.
However, this value may change in response to the Cryptocurrency market fluctuations.
SCOIN will be listed in the Cryptocurrency exchange after an ICO.
Therefore, any SCOIN holders become share holders.
Once listed in the exchange, SCOIN’s price may change in real time depending on the market conditions.
Once STICPAY ICO is announced, existing STICPAY users will be on the priority over share distribution.
How much SCOIN you can earn for STICPAY transactions?
SCOIN can be earned up to 20% of the fees applied for using STICPAY services.
SCOIN will be credited to your account for any deposit/withdrawal/transfer services.
Below table summarizes how much SCOIN is rewarded for different types of transactions.
For making deposit to STICPAY
For making withdrawal from STICPAY
For making transfers on STICPAY
|Customer to Merchant||10%|
|Merchant to Customer||10%|
|Customer to Customer||10%|
What are benefits of being listed on Crypto exchange?
- Globally recognized low cost Coin used for online payments from E-Wallet services
- Exchangeable for other Cryptocurrencies (Bitcoin/Ethereum)
- SCOIN’s investment value will coincide with STICPAY’s growth trajectory = Potential Capital Gain
Once listed on the Crypto exchange, you can exchange SCOIN to other Cryptocurrencies such as Bitcoin or Etherium.
In addition, you can take advantage of the low transaction fees associated with many merchants accepting payments from E-Wallet services.
In order to facilitate an E-Commerce platform with the lowest fees for deposit/withdrawal/merchant payments, you need a coin useable without the boundaries of countries and currencies.
That is where Sticpay strives to fill the gap with SCOIN.
Sticpay is projected to continuously grow rapidly. And, they anticipate that SCOIN’s value will appreciate as it represents the value of Sticpay as a company.
Consequently, SCOIN in your account will save your fees within Sticpay as well as providing you with the potential capital gain from using the services.