Copay - Decentralized International Multiсryptocurrency Payment System
CopPay’s ambition is to create a world in which all payment needs can be satisfied with cryptocurrency. We propose to create a global infrastructure that will allow the use of cryptocurrencies as a method of payment everywhere in the world. We envisage millions of CopPay virtual terminals functioning around the world. CopPay virtual terminals will be installed free of charge, giving all businesses access to cryptocurrency. Merchants will be able to accept and exchange cryptocurrency for fiat money without interruption. And consumers will be able to pay for goods and services with cryptocurrency. CopPay terminals make intermediaries between clients and merchants obsolete and ensure that cryptocurrencies can be easily traded across international borders.
CopPay is developing an independent decentralized multi cryptocurrency platform based on
blockchain technology. The CopPay blockchain will comprise flawless cryptocurrency payments,
exchange and reward processes.
CopPay’s platform is designed to:
● Allow cryptocurrency holders to use cryptocurrency as a mean of payment
● Help merchants accept any traded cryptocurrencies with zero transaction fees
● Minimize the risk of cryptocurrency volatility for merchants by allowing them to exchange it for fiat money in real time
CopPay virtual terminal
The main advantages of using a CopPay terminal are:
●Easy installation. The terminal is a piece of
software that can be installed on any device
(PC, tablet, mobile phone or Point-of-Sale
terminal) or incorporated into a website –
no specialist knowledge required.
●• Multi cryptocurrency. CopPay’s virtual
terminal allows merchants to accept any
exchange-listed cryptocurrency as payment
for goods and services, and swap it for fiat
●• Zero transaction fee. Merchants don’t pay
commission for any cryptocurrency
payment received from their customers.
The main advantages of using a CopPay terminal are:
●• Decentralization. There is no payment
processor. Payments are made directly
from the customer to the merchant.
All cryptocurrency is placed directly into
CopPay’s cold electronic wallet.
●• Immediacy. Payments are received
within minutes, depending on the type of
●• User-friendly interface. The process of
adding an order for payment, billing and
payment confirmation occurs in a few
CopPay virtual terminals consist of two parts:
●• An interface to receive payments; the part
that’s installed on a device and used by
cashiers to accept payments. Several users
can be added, and each can work on several
●• An electronic cold wallet; used by
a business owner to manage received
The CopPay exchange is a software that facilitates communication between both merchant andFor Details Read White Paper:
cryptocurrency exchanges in real time; allowing merchants to accept cryptocurrency, exchange it,
and receive fiat money in their bank accounts.
The CopPay blockchain will store information on participants’ reputation and provide a whole host of additional functionality.
We’ve chosen the DPoS (Delegated Proofof- Stake) consensus algorithm for CopPay’s blockchain as it needs little infrastructure hardware making it possible to assign the most productive network participants as witnesses. Witnesses are those participants who add new blocks and receive a reward for it. This is an elected position, and any member of the network can become one: if their CopPay blockchain reputation is high enough.
There is a zero transaction fee in the system. This is done in order to make CopPay platform affordable for everyone. The payment instrument in CopPay network is the COP token, which can be used for paid network services.Each member of the CopPay blockchain has keys that are used when working in the system. All keys are generated when the terminal software or wallet first opens. Their public key is placed in the blockchain, but the private key is stored on the user’s device.
CopPay Business Model
Since cryptocurrency represents just a fraction of the global world’s economy, we expect 90% of all CopPay terminal users to work in exchange mode. In this way CopPay will receive a 2% commission from each exchange transaction. This will be paid by the buyer and will go to the company as revenue.
Another source of revenue will be additional paid services: such as a subscription. For example, say a merchant wants to participate in a reputation system in order to promote his services in the marketplace. He wants to get attention from buyers who are interested in store reputation. To do this, the merchant can subscribe to CopPay’d reputation program and will pay a small monthly fee (in COP tokens).A CopPay fund will be created once the ICO is over, to buy back COP tokens. 10% of funds collected during ICO will be allocated to the fund. After that, 1% of each 2% exchange commission will be sent to the fund. We will buy COP tokens at the market price, using exchanges, in order to use them for our CopPay loyalty program. The percentage of revenue that is allocated to the fund may be changed over time.
COP holders will be eligible to receive a COP voucher that can be used as a discount when buying goods or services from CopPay merchants. CopPay will allocate a part of its profit to all COP token holders in the form of a COP voucher. When a buyer wants to redeem a COP voucher, he presents a COP voucher to the merchant and will receive up to 50% discount on the amount of that voucher. The merchant that accepts voucher will receive the full amount in either fiat money or cryptocurrency, depending on their preference.
Keep in mind: a COP voucher is not a COP token.
CopPay multi-sided platform (MSP)
CopPay’s main goal is to create a network
of virtual terminals; that are installed and
functioning all over the world.
Our strategy is to become a multi-sided
platform: an organization that creates value
primarily by enabling direct interactions
between two or more distinct types of affiliated
We connect three major user groups: clients
with cryptocurrencies, merchants, and
The more merchants accept payments with
cryptocurrency, the more clients can use this
payment option. CopPay will start with one
region, attract a critical mass of participants
from each group to achieve economies of
scale, before moving to new markets.
Our first region of operations will be the EU.
We will focus on Germany and Holland
as they’re home to a large number of
cryptocurrency holders and miners
In order to enter the market and attract
merchants (stores, e-commerce, mobile
payment systems), the loyalty program is
created. 0,3% of each exchange transaction
At CopPay, our aim is to create a platform
where each participant can benefit from its
● • More outlets accept cryptocurrency
● • No need to exchange crypto for fiat money
● • More clients attracted to the store
● • No payment transaction fee
● • Client pays with cryptocurrency
● • Merchant receives fiat money if desired
● • A bigger volume of trades
● • More liquidity
.COP holders’ benefits:
● • COP voucher eligibility
● • Additional CopPay platform services using
COP tokens as currency
CopPay ICO and COP tokens
Issuing COP tokens
Those who wish to participate in the
CopPay project, can do so using COP
tokens. During the Pre-ICO and ICO process,
tokens will be released in the ERC20
standard on the Ethereum platform. In
the future, after the CopPay blockchain
launches, it will be possible to transfer COP
tokens to it. COP is qualified as a Utility
Coin and will become both an instrument
for interaction between participants in the
system, and an indicator
of the project’s success.
COP tokens distribution
CopPay plans to issue a fixed amount of 2,325,000,000 COP tokens.
75 000 000 Pre-Ico
1 250 200 000 ICO sale
999 800 000 Core Team, Advisors and Rewards
Total 2 325 000 000
COP offering during ICO
ICO start date and time 30 Oct. 2017, 12 PM UTC
ICO end date and time 30 Nov. 2017, 12 PM UTC
Number of COP offered 1 250 200 000 COP
Number of COP for 1 ETH 19 000 COP
ICO price, ETH 0,000052631579 ETH
Maximum ICO funding goal
(Hard cap) 65 800 ETH
Minimum ICO funding target
(Soft cap), % of Maximum goal 10%
Token Issuance Instantly. Transferable after successful crowdsale.
Tokens that are not sold during the Pre-ICO or ICO will be frozen until the CopPay blockchain is
A proportion of the tokens that are earmarked for team distribution will be reserved: in order to
attract future investors and to develop additional products for the network. Throughout the project
implementation, the team will report on the work performed, including the results achieved and
funds spent. This information will be posted on CopPay’s website once a quarter.
• Technical development (50%)
• CopPay fund (10%)
• Marketing and Sales (20%)
• Operations (10%)
• Legal and Regulation (10%)
Two blockchain enthusiasts came up with an idea to start accepting cryptocurrency in stores in Belarus.
Alpha-version of CopPay’s virtual terminal was
created and installed in TYREPLUS, a Minskbased
tire retailer which already accepts Bitcoin,
Ethereum, Steem and Golos coins.
CopPay launches a Pre-ICO and continues product
development. Alpha-version is installed in several
more shops in Belarus and Chile. Beta-version is
IV Quarter 2017
CopPay ICO. Launch of cryptocurrency exchange
for fiat money. CopPay becomes available in
Germany, Holland, and the Baltic countries.
Incorporation in Zug, Switzerland.
I Quarter 2018
CopPay enters several other Western European
II Quarter 2018
The CopPay blockchain is up and running. The
company establishes a presence in Asia. Exchange
III Quarter 2018
CopPay develops a marketplace for retail terminal
services. The company launches formally in South
IV Quarter 2018 and 2019
CopPay continues to increase the scale and growth
of its network turnover. The company launches in
African and North American markets.
We continue to develop a CopPay ecosystem for
a wide range of financial services, using smart