Overview

The PsuB project will introduce a Pay System that can be safely used at a fixed price in the real economy based on multiple blockchains and build an integrated PsuB Metaform¹ that performs utility functions of platforms with high growth potential such as NFT marketplaces. The goal of the project is to form a complex ecosystem in which the PsuB token acts as a key medium and combines financial technology and the consumer market.

PsuB will introduce a fixed-price SuBPay² system to compensate for the problem of inability to perform payment functions due to the floating disadvantages of existing tokens. Token users can switch to SuB Point, a fixed price, at any time. In addition, from the seller's point of view, it is possible to increase utilization in the real economy by reducing losses incurred when converting to cash.

PsuB increased its functional usefulness by allowing it to be used as a payment method in NFT marketplaces. In addition, Tokenomics will be implemented by continuously issuing NFTs linked to the pay system according to PsuB team's ecosystem composition strategy.

We will build a multi-blockchain-based platform HUB, issue NFTs (digital art, real estate, game items, PFP³, etc.) through marketplaces, increase trust in virtual assets through PsuB tokens, and create a stable virtuous cycle operation system by ensuring the safety and security of transactions.

The PsuB HUB⁴ platform is a blockchain ecosystem that is formed through PsuB Token and is integrated and organically connected. We plan to publish NFTs that can prove the rights of wallet insurance, etc. to penetrate into real life, give fun and intuition, and develop a business that meets the needs of users who pursue financial technology functions.

PsuB Token will use the standard token specification ERC-20 set by the Ethereum blockchain network. Therefore, the Psub platform will create an ecosystem through PsuB Token issued based on ERC-20. The NFT, which the ELE Foundation has publishing rights to, uses Ethereum's NFT specification ERC-721 or ERC-1155, and will provide convenience to a wider range of users by minting a combination of standard token specification KIP-7 standards set by the Klaytn blockchain network.

The default payment method for the PsuB Hub platform marketplace is PsuB Token. However, we will use Ethereum and Klaytn in combination for PsuB's market distribution issues at the initial launch. PsuB Token is used in conjunction with the various business content that make up the platform: NFT Marketplace, SuBPay, PsuB Wallet SWAP, and Defi systems.

PsuB Metaform plans to expand the use of PsuB Token to investment, consumption, and financial technology by partnering with various business sectors such as real estate, membership services, mobile games, e-commerce, and distribution.

Users of the PsuB Hub platform can receive SuB Rewards⁵ whenever they participate in the platform. The acquired SuB Rewards can be exchanged for PsuB Token according to the internal policy.

PsuB Token can be exchanged for SuB Point through PsuB Wallet⁶, a private wallet service on PsuB's network, and can be utilized in the real economy through the SuBPay platform within the PsuB Hub. PsuB will expand its service and business area by developing its own wallet service and building the PsuB Hub platform through the advancement and stabilization stages of the marketplace.

¹ PsuB Metaform: Service network to use PsuB

² SuBPay: SuBPay can be charged via 1:1 swap with PsuB and points can be used as a payment method. SuBPay is additionally issued according to the amount of the repayment guarantee deposited by the PsuB Foundation, so stability is guaranteed. And easy payment can be used in the real economy such as E-commerce and offline payment.

³ PFP(Profile Picture) NFT is a digital art in the form of profile pictures that can be used as profiles in social media or communities.

⁴ PsuB HUB is a client application for each app that integrates content to form PsuB Metaform into one. It links the opposite characteristics of the investment and consumption market and liquidity and fixed assets between PsuB and SuBPay.

⁵ SuB Reward : Reward points getting after using the SuBPay service

⁶ PsuB Wallet : A decentralized wallet supported by PsuB Hub, which can be sent and swapped by PsuB and can be used in conjunction with PsuBox.