Multi-chain

In order to overcome limitations such as transmission fees and speeds of existing coins, PsuB team adopted Klaytn Mainnet. It will provide users with low fees and fast transmission speeds, and open up opportunities for investment through swaps. Payments systems, in particular, take advantage of low fees to provide scalability.

However, considering that Klaytn has a limit to properly implementing PsuB's utility function due to its low recognition in the global market, and that it has no choice but to limit the possession and withdrawal of Klay and PsuB according to travel rules¹, PsuB team adopted multi-blockchain.

PsuB will gradually apply the Ethereum mainnet to implement the Utility function. The initial Klaytn-based PsuB can be converted to Ethereum-based PsuB, and the total issuance will be maintained at 2.8 billion through the PsuB team's swap and incineration system.

Users will be able to use SuBPay by purchasing Klaytn-based PsuB listed on Klay Swap with low transfer fees, and use utility services such as NFT Marketplace by purchasing Ethereum-based PsuB listed on PsuB's domestic and foreign exchanges.

By adopting multi-chain, PsuB resolved the inconvenience of existing single-chain tokens having to use additional side-chain or bridge systems to use other blockchains. In addition, it will provide more diverse benefits to users, and with Ethereum's global awareness, Ethereum-based PsuB will be able to enter the global market.

¹ Travel Rules : Under the Funds Transfer Rules, the VASP(Virtual Asset Service Provider) is required to identify the sender and recipient and report them to the financial authorities when transactions of more than 1 million won occur.