CPTL Coin · 2020-04-14 · CPTL Coin Whitepaper Version 1.0 Page | 02 Whitepaper Version 1.0 Page...

2020

CPTL CoinA New Generation of Shopping Payments

www.cptlcoin.com

CPTL Coin Whitepaper Version 1.0

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Whitepaper Version 1.0

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1. Disclaimer

2. Introduction3. Existing Concepts

Table of Contents

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4. Executive Summary 1011

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5. Market Overview

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5.1 Blockchain: Market Size and Use Cases5.2 Blockchain Wallet: Global Users and Payments5.3 Online Payment: Global E-commerce and Food Delivery5.4 Mobile Payment: Crypto Integration

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5.5 Platform Overview5.6 The Ecosystem5.7 CPTL Services5.8 CPTL Shopping Payment Gateway (API)

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5.9 CPTL Wallet5.10 CPTL Website Plugin5.12 CPTL Account Portal

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5.13 CPTL Use Cases5.14 For Developers5.15 For Users5.16 For Merchants

226. Token Economy

267. Road Map

278. Privacy Policy

299. References

236.1 CPTL Coin

236.2 CPTL Token Usage

256.3 Payment for Purchases

256.4 Payment for Transaction Fees256.5 Traded on Exchanges

266.6 Consensus Protocol

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Disclaimer

The primary purpose of this whitepaper is to provide readers with important knowledge pertaining to CPTL. The information provided in this whitepaper strictly represents the perspectives and opinions of CPTL. Any reference to specific companies or networks in this whitepaper is appropriate acknowl-edgement only. It does not imply any affiliation with, or endorsement by, any of the mentioned parties.

No part of this whitepaper may be reproduced, distributed or disseminated without the prior concern of CPTL. This whitepaper or any part thereof, and any copy must not be taken or transmitted to any country where distribution or dissemination of this whitepaper is prohibited or restricted.

CPTL team has made an effort to ensure that all information in this whitepa-per is correct and up to date. However, no person is bound to enter into any contract or binding legal commitment based on the information provided in this whitepaper.

Statements, graphs, business strategies, future plans and financial informa-tion provided in this whitepaper are prospective observations. The informa-tion does not intend to constitute an offer of securities, a solicitation for investment and any advice to sell. We strongly advise that you consult the services of appropriate experts to assist you in an investment decision per-taining to cryptocurrency.

Cryptocurrency traders should understand that the crypto industry is subject to risks and losses resulting from modified policies in different countries and regions. Therefore, CPTL and its board of directors, employees, contractors or affiliates shall not be liable for any loss of any kind. You are advised to keep up to date with information regarding cryptocurrencies, cryptocurren-cy wallets, blockchain technology and cryptocurrency regulations in gener-al.

This English version is the primary official source of information about CPTL. The information may require translation in different languages or used in the course of verbal or written communication with existing or prospective customers and partners. In the event of inconsistencies or lack of accuracy between the English version and the translated version, the English version shall prevail.

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CPTL can make amendments to this whitepaper at any time. You are advised to regularly access the whitepaper to check for any changes. The updated version will be published on our website and all changes will be effective once the Whitepaper is posted.

No regulatory authority has examined or approved any of the information presented in CPTL whitepaper. Therefore, no action has been, or will be taken under the laws, regulatory requirements, or rules with any jurisdiction with regard to any necessary compliance therein.


Introduction

Over the last decade various payment methods have been introduced such as ApplePay, PayPal, and Alipay, among others. Though these products innovated the payment processes, they did not alter the underlying e-com-merce payment flaws such as slow transaction processes, exorbitant transac-tion fees, and less secure payment options.

As a result of developing technologies and fast-changing consumer expec-tations, the payment landscape has also transformed. This has led to the introduction of diverse payment channels such as cryptocurrency payment gateways that have enhanced payment security and user experience.

Online shopping is one of the most engaging activities across the globe, and e-retail revenues are expected to grow to $6.54 trillion in 2022.1 Cryp-tocurrency payment gateways will offer instant crypto payment systems in stores and online, making e-commerce efficient and accessible to billions of people.

However, the use of cryptocurrency for shopping has not been fully materi-alized. Majority of shopping malls accept fiat currencies, oblivious of the potential of cryptocurrency for shopping payments.

The ability to shop anytime without geographical boundaries and instant comparison of prices has made consumers opt for the online shopping industry. A payment gateway is an e-commerce service designed to pro-cess, verify, and confirm payment transactions using secure internet connec-tions. They function as a direct transfer of value between parties without involving various intermediaries or a central entity.

Payment gateway

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Why establish crypto payment gateways

Global e-commerce sales amounted to nearly $3.5 trillion worldwide in 2019, proving that e-commerce is an increasingly lucrative option for busi-nesses.3 The world continues to develop small and medium enterprises (SMEs), and new needs are emerging daily. There is therefore a need to create secure payment platforms that will empower merchants and users to monitor their transactions and make easy payments for online shopping.

According to Changpeng Zhao, CEO of prominent cryptocurrency exchange Binance, “It [cryptocurrency] is easier, faster and cheaper to inte-grate than traditional payment gateways. Less paperwork and reaches a more diverse demographic and geography area.”4

Tesla and SpaceX CEO Elon Musk expressed a similar sentiment, saying “It [cryptocurrency] bypasses currency controls. Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.”

Benefits of crypto payment gateways

Based on the above points, it is safe to assume that cryptocurrency payment gateways have a number of benefits for online shoppers. These include:

A survey from BigCommerce revealed that 67% of Millenials and 56 % of Gen X prefer to search and purchase on e-commerce sites instead of going to physical stores. Both groups spend on average 6 hours of online shop-ping per week.2 Through payment gateways, payment processes will become easy and reliable. They were developed as a solution to several key trends and problems regarding the traditional e-retail payment methods.

Payment gateways also help to accelerate the adoption of cryptocurrency by online merchants. A secure payment system ensures a form of security from hacks. It protects business and consumers from losing large sums of money. All transactions are monitored and compliant with high security standards enhanced with an additional cryptographic security layer.


Many consumers have suffered huge losses due to data breaches. Crypto payment gateways offer data protected payment transactions. Customers get to spend their crypto on desired goods and services. They can also earn rewards and incentives from crypto loyalty programmes.

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Customers

Using special encryption and verification technology, crypto payment gate-ways ensure legitimate payment transactions. Merchants will also benefit additional revenue from clients who pay using cryptocurrency. They can easily access the global market. This increases conversion rates and places them at a competitive edge. It is also a convenient payment method that will attract new customers and add value to existing customers.

Merchants

The advent of cryptocurrency payment gateways is undeniable. Growing merchant acceptance will make cryptocurrencies substantially more valu-able, and truly enable the globalizing effects of peer-to-peer (P2P) electron-ic cash envisioned by Bitcoin creator Satoshi Nakamoto.

CPTL aims to become a preferred method of payment around the world by meeting the demands of both merchants and online shopping enthusiasts. The platform will offer fast P2P transactions and a broad spectrum of pay-ments for shopping lovers. Its goal is to optimize the payment process expe-rience, providing people with a secure payment system.

CPTL Coin


Rapid and reliable crypto payment transactions in exchange of goods

and services.

Authentic and verified payment transaction process for both the

merchant and end customer.

Secure payment transactions using smart contracts.

Access to goods and services in any geographical location.

Customers can pay using any preferred cryptocurrency of their choice

Specifically, shopping customers and merchants can draw benefits from crypto payment gateways.

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Existing Concepts

The number of active crypto wallet users worldwide from third quarter 2016 to fourth quarter 2019 was recorded to be nearly 34 million.5 More people are increasingly getting aware of the use of digital currencies in various industries. As a result the use of cryptocurrency payment gateways have continuously developed over the past few years.

As the use of cryptocurrency progresses, there are some notable and trust-ed projects that have dedicated their resources to provide fintech solutions. Here are some:

With a record of 10x growth rate year after year, Zeex empowers consum-ers to easily buy and sell a wide array of products and services directly with businesses. Zeex is part of the Zeek Group, Europe ‘s leading marketplace for buying and selling physical and digital gift cards. The platform holds a retail and distribution relationship with more than 350 top brands including H&M, Amazon, and Starbucks.

Loved by many developers globally, Gocoin offers a simple API which makes payment transactions secure. The platform has various plugins that make it compatible for use on multiple online shopping platforms. The payments are conducted in dollars with a 1% fee charge.

CPTL provides a seamless payment process for cryptocurrency and fiat transactions, in real time, with charges less than card processing fees in everyday use. Online shopping malls can easily integrate the CPTL API into their businesses, creating an easy ecosystem for crypto shopping payments.

Shopping enthusiasts can be at ease as the platform enables rapid, afford-able, and fraud-resistant payment transactions. Consumers can shop and pay at any affiliated shopping mall of their choice using CPTL while preserv-ing their freedom, security, and data privacy.

CPTL’s crypto shopping payment gateway will be user-friendly to both the merchant and the customer without time and geographical restrictions. Cryptocurrency is gaining widespread merchant acceptance and it is of vital importance that they become spendable and transferable at any given time.


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GoUrl.io presents itself as an open source project that provides Bitcoin payment solutions for its users across the globe. The network offers ready to use plugins for e-commerce and APIs. It also provides customer support for GoUrl payment integrations. Payments are received within 30 seconds of being transacted. Over 18,000+ merchants are using GoUrl and it accepts more than 50 cryptocurrencies.

Bitrewards is a blockchain rewards and loyalty platform for e-commerce. It aims to create the rewards and loyalty platform that will be used by various online retailers, while connecting them with their customers by virtue of BIT tokens.

Being one of the most trusted payment gateways, Shopify offers fast and hassle-free payment transfers across the globe at any time. The e-commerce payment gateway has very low transaction fees, POS applications that allow users to use the wallets in tablets, PCs and mobiles. No PCI compliant is required.

Monetha payment gateway markets itself as a platform that assists mer-chants to be trusted and sell more. Retailers can attract new customers, cut transaction fees and receive money in minutes using the payment gateway. Through blockchain technology, Monetha aims to build a reputation that will make the internet a safer place for everyone.

SpectroCoin is a payment gateway focusing on merchants based out of Europe. It provides ready to use e-commerce plugins for Prestashop, Zen-cart, Dupal, VirtueMart, Opencart, Magento and many more. Spectrocoin also offers Bitcoin payment processors and other integrated tools.

Referred to as one of the oldest projects in the cryptocurrency industry, Blockchain.info offers Bitcoin payment APIs for personal and business purposes. The API allows individuals to send and receive bitcoins from other wallets.


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Business, buyers, and sellers can meet, connect, and trade around the world using the Tradove platform. It aims to eliminate the barriers associated with businesses buyers and sellers such as purchasing urgency, unaligned buying and selling process, lack of transparency and communication, deal-ing with the right supplier and many more. The platform allows its users to connect and collaborate with 250,000+ buyers and sellers across the globe through its B2B Blockchain Payment solution.

TrippleA is a user-friendly Bitcoin payment gateway that offers flexible and instant payment transactions for its users. Users can opt to use its WooCom-merce plugin for their WebPress website or use its API for custom integra-tion. The platform also allows local currency withdrawals to avoid any price volatility with as little as a 0.8% flat fee.

OB1 is a company that runs several projects including Haven privacy, a private app for e-commerce and OpenBazaar, a decentralized marketplace for digital goods. The OB1 team has named the Haven app the “super app” because it offers users the ability to chat with other members in an encrypt-ed manner, shop and send digital assets privately.

Shopin is a universal shopper profile that aims to deliver the most personal shopping experience on retailers' websites, apps, and stores based on shopper preferences and purchase history data. Customers are rewarded with cryptocurrency when they engage in ads, content, and loyalty. Through blockchain and Artificial Intelligence (AI) technology, Shopin empowers retailers to offer better product recommendations, easy and secure transac-tions, and more valuable customer rewards.

Ink Protocol describes itself as the new reputation and payment system within the Listia marketplace. Users can securely buy and sell anywhere with decentralized reputation and escrow using XNK token. Items that can be bought and sold include clothes, collectibles, electronics, toys, gadgets, and jewellery among the list. Thousands of transactions are conducted per day across the globe. Ink Protocol can be integrated into new or existing marketplaces and can also be used in marketplaces that don't directly handle payments.


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Executive Summary

This document introduces the technology, use cases, and road map of CPTL Coin and its shopping gateway technology.

CPTL will concentrate on providing fintech-based services for the e-com-merce industry. It will be developing its own wallet, a crypto shopping pay-ment API, website plugin, and the CPTL account portal. This document further explains how sectors such as e-commerce, merchants, food deliver-ies, and users can benefit from the technology created by CPTL.

CPTL’s blockchain technology will benefit merchants, users and app devel-opers. It will build a shopping mall payment API, that can be integrated into the merchant’s online payment system. This will provide them the ability to accept cryptocurrency-based payments, offering more options to their valued shoppers and adding more buyers to their business.

This document introduces the technology, use cases, and road map of CPTL Coin and its shopping gateway technology.

CPTL will concentrate on providing fintech-based services for the e-com-merce industry. It will be developing its own wallet, a crypto shopping pay-ment API, website plugin, and the CPTL account portal. This document further explains how sectors such as e-commerce, merchants, food deliver-ies, and users can benefit from the technology created by CPTL.

Launched in 2015, Blockonomics is a decentralized Bitcoin payment gate-way that aims to enhance BTC use across the globe. Blockonomics allows users to generate Bitcoins by accepting it in online stores. The platform offers utilitarian features such as creating P2P invoices, sending emails via Bitcoin, and tracking of a wallet address. The Blockonomics team believes that blockchain and cryptocurrencies are the path to a more efficient and limitless future.


Basically, CPTL will initially be an ERC20 token that is built on top of the Ethereum blockchain. Eventually, it will proceed with creating its own blockchain that will set the platform free from the restrictions set by the Ethereum network. CPTL token will be utilized in buying services offered within the platform and later to pay for goods and services at partner mer-chants. It can also be traded and exchanged with other cryptocurrencies once listed on crypto exchanges.

In the final part of the whitepaper, CPTL illustrates its use cases and road-map. This will give a complete and detailed point of view of what CPTL will be and how it will benefit its platform users.

CPTL’s blockchain technology will benefit merchants, users and app devel-opers. It will build a shopping mall payment API, that can be integrated into the merchant’s online payment system. This will provide them the ability to accept cryptocurrency-based payments, offering more options to their valued shoppers and adding more buyers to their business.

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Market Overview

Blockchain technology has taken the business world by storm. According to Statista, the global blockchain market was valued at $1.57 billion in 2018 and forecasted to reach $163 billion by 2027. With an estimated increase of more than a hundred times in over six years, the importance of integrating blockchain technology in different services is becoming necessary.

At the same time, other statistics are shown by Statista that professionals working in various fields of payments industry perceive the way blockchain technology may affect the European payments landscape by 2025. Many consider that blockchain technology will have an impact on some aspects or niches of the payment activity.

Blockchain: Market Size and Use Cases


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Estimated Blockchain Market Valuation (Source: Statista)

With more than a million users and growing, the interest in decentralized digital currency is undeniably spreading since the creation of Bitcoin in 2009. Bitcoin popularized the use of blockchain technology, but the grow-ing number of cryptocurrencies shows no stopping in entering the crypto market. As such, the volume of blockchain wallets is increasing rapidly.

According to a survey conducted by Statista, the blockchain wallet users reached over 40 million at the end of 2019.6 This number is expected to grow this 2020 as the mobile availability improves exponentially.

Blockchain Wallet: Global Users and Payments

Blockhain Wallet Users From 2016 to 2019 (Source: Statista)

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Online payments nowadays have witnessed a rapid increase in growth as technology continues to innovate. This has been noticeable mostly in the online shopping industry or e-commerce.

People mostly prefer to buy online to avoid crowds and long waiting queues. In 2019, an estimated $ 3.5 trillion was spent on e-commerce pur-chases, which is forecasted to grow over $ 4 trillion in 2020.

Online Payment: Global E-commerce and Food Delivery

In line with the wallet usage, cross border payment has also experienced a record high in volume and growth. According to KPMG Global Payments Report 2019, the estimated volume of business to business (B2B) cross border payments reach as much as $15.5 trillion during 2018, a 5% growth increase on the previous year. Cross border payment is supported by block-chain technology, which reduces the number of intermediaries and ensures transparency, immutability, and security.

Source: eMarketer


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Source: Statista

In line with the ever-growing industry of e-commerce, it is also essential to know that the online food delivery segment is on the rise. This means that the number of payments and purchases made by people online tends to grow.8 According to research conducted by Statista, the estimated revenue in the online food delivery segment amounts to $ 122 million in 2020 and forecasted to grow with an estimated amount of $ 135 million by 2021.

Based on the survey conducted by eMarketer, the global payment market will hit a major milestone in 2020. It is forecasted that an estimated 1.06 billion people are expected to use mobile payment for their mobile shop-ping and buying. In 2020, it is predicted that 38.4% of smartphone users will make an in-store mobile payment at least every six months. It is anticipated to increase its numbers to 39.9% in 2021.

Mobile Payment: Crypto Integration

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Source: eMarketer


Another survey conducted by Statista shows that Bitcoin was the third most popular payment method for online purchases used by Italians. In the north-ern region of Lombardy alone, Bitcoin was acceptable as a mode of pay-ment in 149 stores. The Trentino-South Tyrol does not fall behind with 100 stores and companies accepting the said cryptocurrency.

As of November 2019, over 350 companies in retail or food service in Italy accepted Bitcoin, which is higher than the other business sectors in the country.9 To be specific there were 270 retailers and 214 service companies that accept cryptocurrencies as their mode of payment.

In summary, people around the world tend to find online payments as a convenient way to purchase and buy things online using their mobile phones or tablets. According to studies conducted by eMarketer, over 1 billion people would use online payments in 2020. The main reason is that shopping and buying online provides a convenient way to buy things, any-time and anywhere.

Nowadays, shopping and ordering food and items online can be processed in a seamless and most secure way possible. In line with this, digital assets can now be considered as an important financial tool that can handle secure online transactions. Blockchain technology is now integrated into payments that allow small and big shopping businesses to have safe, stable, and seamless transactions without the need for third-party services.

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Italian Businesses That Accept BTC by Region (Source: Statista)

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Technology

CPTL will be a fintech platform that offers a number of services for the e-commerce industry. It will be using blockchain technology to aggregate modern payment features and systems. These include a shopping mall payment API, a cryptocurrency wallet that enables support for multiple cryptocurrencies, a real-time crypto-fiat and crypto-to-crypto conversion function, and an innovative messenger that allows messaging to peers and sending of funds.

CPTL will focus on providing fintech-based services for the e-commerce industry. As mentioned above, CPTL will create a shopping mall payment API, which can easily be integrated into the payment systems of online mer-chants. This will enable them to accept cryptocurrency-based payments, adding more potential customers to their shops.

Paired with the API is a cryptocurrency wallet app developed by the CPTL team. This will provide support for multiple cryptocurrencies, with more to be added in the future as deemed necessary by the team and the users. This will have a real-time fiat-to-crypto and crypto-to-crypto conversion functionality — information will be sourced from various reputable cryptocur-rency data sites.

Additionally, the wallet app will have a social messaging feature, wherein users can communicate with others and make direct P2P payments. The team will constantly improve this based on user experience and possibly add more features in the future.

CPTL will be developing its own token through a smart contract on the Ethereum blockchain. That being said, CPTL will follow the ERC-20 token standard. This will be used for all transactions that will occur on the CPTL platform.

Platform Overview


Each platform or system will be requiring any means of making profit for it to sustain its operations. That can also be said about CPTL. All participants in the ecosystem will contribute to its vigor to ensure that there will be enough support for the creation and maintenance — not to mention future upgrades — of CPTL’s services.

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The Ecosystem

CPTL Shopping Payment Interactions


The chart above describes how a basic crypto shopping payment process occurs on CPTL. Any online shopper who wishes to buy items from retailers using their CPTL token may do so by sending funds from their CPTL wallet. This goes to the seller’s point-of-sale system (POS). This is connected to the shopping payment gateway, which is an API that is integrated with each merchant within the CPTL ecosystem. For those that want to use CPTL only for their websites, they may do so by installing the plugin version of the API.

Conversion from fiat-to-crypto and crypto-to-crypto happens in the API or the plugin. Rates will be updated frequently to match those from legitimate cryptocurrency data sites.

Once the API has processed the payment conversion into the desired asset class, the payment will be sent to the wallet address of the shopping mall. The network will take a minimal amount for processing the request.

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CPTL has a suite of fintech solutions dedicated to online shopping pay-ments. Each of these are described below.

CPTL Shopping Payment Gateway (API)The CPTL Shopping Payment Gateway is the primary project and offering of CPTL. It will be an open-source application programming interface (API) that integrates data from different shopping store servers. Online shops that originally do not accept cryptocurrency as payment can use the API to pro-cess these transactions.

The API will process the conversion of fiat money to cryptocurrency and vice versa. For those merchants that have a special preference for a specific cryptocurrency, the API will also make automatic conversions from cryp-to-to-crypto. Conversion rates will be aggregated from a number of legiti-mate cryptocurrency data sites like CoinMarketCap and CoinGecko. More-over, shopping mall owners will also be able to produce a report of transac-tion histories, as these data will be stored on the blockchain.

Aside from browser sites of online shops, the API will also be made avail-able for their mobile app versions.

CPTL Services


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CPTL WalletTo complement the Shopping Payment Gateway, CPTL will also develop its own cryptocurrency wallet app. This will be a hierarchical deterministic (HD) wallet that stores multiple cryptocurrencies including CPTL’s own native token. Aside from major cryptocurrencies, the wallet will provide support for more than 1,600 ERC20 tokens.

One unique feature of the CPTL wallet is that it shows the price movement of supported cryptocurrencies. This is made possible by sourcing data from multiple cryptocurrency data sites. On top of this, the wallet has a chat mes-saging function. Shopping mall owners and small retailers may be able to communicate with the buyers themselves if they add them to their contacts. This can serve as an avenue for them to advertise their products and offer exclusive deals and discounts. Users can also use this interface to chat with their friends and send money

CPTL Website PluginThe CPTL website plugin can expedite the cryptocurrency adoption of shopping malls. Conceived as an extension of the CPTL Shopping Payment API, this can be used for those shopping platforms that want to maintain their websites as the only portal to their products. This will also enable them to accept payments in cryptocurrency and convert them to fiat should they wish to do so.

The plugin will convert between assets based on real-time price of crypto-currencies. Moreover, they may also use the API and the plugin to initiate cryptocurrency-based rewards for user purchases. Additional features and perks may be enabled in the future once all the initial plans and platforms have been rolled out, and if the need for such arises.

CPTL Account PortalAll shopping malls and cryptocurrency users will be given access to their own CPTL account portal, which serves different functions depending on the user’s need. For example, online merchants may be able to publish a more comprehensive weekly and monthly report of their shop’s sales and profits. Compared to the transaction record that is available on the CPTL API, this account portal will give them a breakdown of their sales for all items.

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Users can use the portal to keep track of their spending per individual shop-ping mall they purchase items from. Meanwhile, app developers who want to integrate the API to their platform can use the portal as a code repository. They can choose to make their codes available for viewing like a public git or keep them private.

CPTL developers are creating its various offerings with the end user in mind. With the number of fintech solutions today that can make online shopping a more pleasant experience, the team is convinced that it is only right to com-pile some of these features and functionalities under a single ecosystem.

For DevelopersApp developers that provide a particular product or service can benefit from the CPTL shopping payment gateway API. This API will be specifically designed for online shopping mall integration. However, it can be compati-ble with various platforms such as food delivery, online grocery shopping, ride-hailing services, and more. What is more, they can take advantage of multiple cryptocurrency supports to extend their user base.

Developers can easily integrate the API to their apps, which will save them time and effort. They will not have to create their own fiat-to-crypto conver-sion function in their app, as the API will do the said task.

The payment API will be initially available for Android devices, even though the CPTL team will be working hard to cater to iOS in the future.

For UsersCryptocurrency users who will use the app that uses the API will be able to pay for online purchases without any hassle. Payment processing will be very fast and easy, thanks to blockchain technology. Also, transaction fees are relatively cheaper since there will be no middleman involved in the deals.

They can benefit greatly from the wallet application as well. As it will be an HD wallet, users can be assured of total control of their keys and digital assets. Additionally, they can enjoy many benefits when they use CPTL token for their transactions.

CPTL Use Cases


For Merchants Shopping mall owners and small retailers will benefit greatly from CPTL services. Firstly, they may enjoy a cryptocurrency-based payment system that is compliant with applicable laws. The CPTL payment gateway is an API, which means that it is only a service that will function with full consent of the app and shopping mall owner, or else there would be no reason for them to use the API at all.

Secondly, shop owners can keep track of all item sales and other transac-tions that occur within a particular time frame. This can aid them in taking account of their profits, thereby promoting transparency. Thirdly, having a payment method that accepts cryptocurrency can help them increase the number of buyers since there are people from around the world that prefer to use digital assets for payments.

Finally, they can enjoy low transaction fees. Because blockchain technology allows transactors to eliminate the need for any intermediary, there will be minimal transaction fees to be paid.

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Token Economy

As a blockchain-based ecosystem that doesn’t have much financial backing, CPTL Coin will be relying on its native crypto token to sustain its operations and strive to provide a lucrative opportunity for its users.

CPTL Coin has 5,000,000,000 tokens in maximum supply. It will not undergo any initial coin offering (ICO), initial exchange offering (IEO), or any other similar crowdfunding method. Instead, all 5 billion CPTL will be premined in the first genesis block and listed on cryptocurrency exchanges.

Over time, CPTL expects its native token to increase in price and market capitalization. This will reward early token holders and platform adopters, as well as encourage more users to join.

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The image above shows a blockchain-based transaction that happens when a crypto shopper makes a payment for an item from a seller. To initiate a transaction, the buyer creates a request via the CPTL network. This network will be using the Ethereum blockchain. This request becomes secure through cryptographic hashing, making sure that no malicious entity may intercept the transaction and disrupt the process.

The transaction takes place within the blockchain, wherein all important details are stored securely against tampering. The decentralized database ensures transaction integrity. Once this has been accomplished, the order will be received by the seller along with the payment.

Crypto Payment Process via Blockchain

As mentioned above, CPTL Coin uses the Ethereum blockchain. As such, it has created the CPTL token as an ERC20 token. Its developers are consider-ing the creation of CPTL’s own blockchain in the future. Once this has hap-pened, CPTL will undergo a mainnet swap and a token swap along with it.

In the meantime, please refer below for the specifications of the CPTL Coin as an ERC20 token.

CPTL Coin


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1. totalSupply() public view returns (uint256 totalSupply) [Get the total token supply]

2. balanceOf(address _owner) public view returns (uint256 balance) [Get the account balance of another account with address _owner]

3. transfer(address _to, uint256 _value) public returns (bool success) [Send _value amount of tokens to address _to]

4. transferFrom(address _from, address _to, uint256 _value) public returns (bool success)[Send _value amount of tokens from address _from to address _to]

5. approve(address _spender, uint256 _value) public returns (bool success) [Allow _spender to withdraw from your account, multiple times, up to the _value amount. If this function is called again it overwrites the current allow-ance with _value]

76. allowance(address _owner, address _spender) public view returns (uint256 remaining) [Returns the amount which _spender is still allowed to withdraw from _owner]

function Transfer(address indexed from, address indexed to, uint256 value);function Burn(address indexed from, uint256 value);function _approve(address owner, address _spender, uint256 amount)function burnFrom(address Account, uint256 _value) public returns (bool success)function transferFrom(address _from, address _to, uint256 _value) public returns (bool success)function approve(address _spender, uint256 _value) function approveAndCall(address _spender, uint256 _value, bytes memory _extraData)function allowance(address _owner,address _spender)function UserLock(address Account, bool mode)function LockTokens(address Account, uint256 amount)function UnLockTokens(address Account)

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CPTL Coin is the native token of the CPTL ecosystem, and will be endorsed as the primary asset for all transactions.

CPTL Token Usage

CPTL will be the favored cryptocurrency to be used as payment for online shopping purchases. The CPTL API and plugin convert CPTL token into the desired asset type of the shop seller. Those that want to accept CPTL as payment may also do so.

Future market conditions will determine how each CPTL is converted into fiat currencies like the US dollar or the Korean won, or other cryptocurren-cies like BTC and ETH.

Payment for Purchases

Just like any blockchain-based ecosystem, the CPTL network spends energy and other resources to validate transactions and to maintain its stability. That is why the network will be requiring a minimum amount of fees for any transaction it approves. For this, CPTL will be the recommended crypto asset to be used for payment.

While users may pay for these transactions with other currencies, the net-work will still convert them to CPTL tokens. That is why it is recommended to use CPTL to have cheaper transaction fees for all users.

Payment for Transaction Fees

The CPTL team will be aiming to list CPTL Coin on various cryptocurrency exchanges to make sure interested token holders may be able to possess them for different purposes. This is also to help incentivize the early sup-porters of CPTL for their trust in the project.

Above all, the entire CPTL Coin network will have a hard time implementing its fiat-to-crypto and crypto-to-crypto conversion API if its native token has no market value. That is why the team will make this one of their early priori-ties.

Traded on Exchanges


Among the available consensus protocols today, the CPTL team is mulling the use of Proof-of-Work (PoW) for consensus. The reason for this is that it is superior to Proof-of-Stake (PoS) in terms of security and Delegated Proof-of-Stake (DPoS) in terms of decentralization.

Scalability will not be an issue at first since CPTL will begin as a startup and be able to manage the transactions. For now, CPTL puts security as its top priority.

These are forward-looking statements, and the team may be able to change the protocol in the future if they deem it necessary to do so.

Consensus Protocol

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2020

Road Map

Q2 - CPTL Goes Live

CPTL token is created using the ERC-20 token standard. It introduces its

platform as a payment gateway for e-commerce business, merchants, and

users.

Q3 - Exchange Listings

CPTL will apply for token listing on different cryptocurrency exchanges for it

to be available for merchants and other interested cryptocurrency users.

Q4 - Business Partnership

CPTL contacts online retailers to utilize its payment gateway solutions into

their businesses through partnerships. Exchanges have also listed its token.


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2021

Q1 - Payment Gateway Integration

Once partnerships between CPTL and retailers have been approved, CPTL

will be used by merchants and customers for their online payment transac-

tions.

Q2 - Crypto IntegrationCPTL continues to innovate and widen its reach by increasing the number of supported cryptocurrencies in the network through the wallet application.

Q3 - Geographical Expansion

CPTL extends its reach to other countries around the world and enables

them to experience its new generation of payment API, wallet app, and web

plugin.

Q4 - More Exchange listingsCPTL will improve its token market value and liquidity by applying for token listings on more cryptocurrency exchanges along with additional partner-ships.

Privacy Policy

Our (CPTL) Privacy Policy gives an account of how we collect, use, and handle your personal data whenever you use our services. Using the CPTL website, mobile applications, and other products and services means that you agree to the collection, use, and storage of your data in accordance with this Policy. Data security is of the uttermost importance to us. CPTL will take all the necessary precautions to prevent unauthorized access, loss, misuse, or alteration of customer information.


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We will collect data pertaining to your usage of our website and services. Data collected is used for administrative purposes, to operate the platform effectively, and to provide you with the best experiences on our website. CPTL takes the responsibility of protecting your personal data seriously. CPTL will never use your information to make a profit in any way by sharing it with companies and third party organizations affiliated with CPTL

Data Collection

If the user is a resident of a country located within the European Economic Area (EEA), CPTL respects your right for the following, as stipulated in the General Data Protection Regulation (GDPR) :

General Data Protection Regulation


The right to be informed

The right to access

The right to rectification

The right to be forgotten

The right to object

Rights in relation to automated decision making and profiling

The right to restrict processing

The right to data portability

CPTL may hire third-party companies and individuals to perform services or assist us in analyzing how our Service is used. The hired third parties of CPTL may have access to your accounts data only to carry out tasks on our behalf and are obligated not to disclose or use it for any other purpose.

Service Providers

We use cookies to improve, analyze, and keep track of our services. You can either select to remove or reject cookies; however, some services may become dysfunctional if you do so.

Cookies

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Our services are not intended for marketing or solicitation of information from children who are under the age of 18. If you are a guardian or parent and your child provides us with your personal data, or you believe that we have collected information of a child who is under the said age, please notify us as quickly as possible so that we can perform the necessary action.

Children

The privacy policy is subject to amendments at any given time without prior notice. We advise that you regularly visit our page and read the privacy policy regularly for any changes. Changes are immediately effective once posted.

Amendments to This Privacy Policy


To address your questions regarding this Privacy Policy properly. Please don't hesitate to contact us.

Contact Us

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