TONPAY 2.0 preview

We are excited to announce that TONPAY is undergoing a significant change to its business and economic model. After carefully evaluating and analyzing the performance of our previous model, which was coined six months ago, we realized that it was not fully aligned with our economic goals and the expectations of our dear community.

Although we were very pleased with the purity of our previous business model, we recognized that it fell short in delivering the desired outcomes. As a company committed to constant growth and improvement, we decided to take proactive steps to rectify this situation.

One vital aspect of our evaluation process was engaging in open and transparent communication with our community. We greatly value and appreciate the feedback we receive from our supporters, and we took their concerns and suggestions into account when working on the new model.

During our discussions with the community, it became apparent that the referral program, a component of our previous model, was not meeting their expectations. As a result, we were motivated to address this issue and find ways to enhance the satisfaction of our community members.

Drawing inspiration from the valuable insights shared by our community and prominent supporters, our team has diligently developed a new, improved, and more performant business and economic model. We believe that this updated model will cater to the needs and expectations of both our company and our community, ultimately helping us achieve our ambitious goals.

We are genuinely grateful for the support and feedback we have received from our community throughout this process. TONPAY remains committed to not only listening but also taking meaningful action to create an environment that fosters progress and mutual growth.

The TONPAY 2.0

Below is the list of the most prominent changes in our business, economic, and referral models:

1. We are switching emphasis from staking products based on the TON Validators (deposits) to actual financial and eCommerce products, making TONPAY also a B2B software-as-a-service (SaaS) company. All profits generated from the products and services we plan to develop will be split into three parts. The first part will be proportionally distributed among all the TPJ holders directly. The second part will be distributed through the referral network, benefiting the most active promoters. And the third part will go to the capitalization fund, increasing the market value of the TPJ.

2. The referral commission was previously accrued in TPJ, but reality has shown that it needed to be a better incentive for the community to grow. Starting now, we are dedicating a marketing budget of up to 50% of all TON coins acquired through the TPJ exchange to be distributed through the referral network as commission. This is perfectly aligned with how prominent MLM companies work today, and we think that this should be a good model for TONPAY as well.

3. The depth of the referral rewards is increased from five to seven levels, allowing promoters to earn even more commission from their referral organization. The compensation plan will become progressive: with each new status, your commission percentages will increase for every unlocked level while also unlocking new deeper levels. This will ensure steady growth of TONPAY promoters' statuses.

4. In the previous version, the TPJ Exchange process was split into several stages, with each stage having a fixed exchange rate and allocation, the total TPJ supply was also capped for the community. With our new product-oriented business model, much broader goals, and the fact that TPJ is becoming a utility jetton, these limitations are no longer suitable. Starting now, all the TPJ Exchange stages are deprecated, and the exchange process becomes unlimited in terms of total TPJ supply. We also introduce an algorithmic exchange rate that grows progressively with each minted jetton without steep leaps. This should establish a robust economic model that is self-regulating and organically growing.

All these changes are going to be steadily introduced until the end of 2023, with some changes becoming effective immediately. The TONPAY BLACKPAPER is also going to be updated to version 2.0 in the near future.

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With the implementation of our enhanced business and economic model, we are confident that TONPAY will continue to thrive, benefiting both our valued customers, promoters, and a broader TON and crypto community.

Exciting times lie ahead for TONPAY, and we are thrilled to embark on this new journey toward even greater success together with our community. Stay tuned for further updates, and join us as we embrace this positive change!

Thank you for your continued support!