BenPay announces the launch of the world's first on-chain red packet function, bringing a new decentralized payment and social interaction experience to global users.
BenPay is the core ecosystem product incubated by Bixin Group, the BenFen public chain. It is a super app that integrates deposit and withdrawal, exchange, staking and lending, offline consumption, and on-chain red packet transfer.
Through the BenPay on-chain red packet function, users can send red packets in multiple stable coin denominations such as BUSD (US dollar), BINR (Indian Rupee), as well as localized stable coins supporting Asian countries' traditional new year customs, such as BJPY (Japanese Yen), BKRW (Korean Won), BSGD (Singapore Dollar), BTWD (Taiwan Dollar), BTHB (Thai Baht), BMYR (Malaysian Ringgit), to celebrate the 2025 Year of the Snake.
In addition, BenPay on-chain red packets can freely choose various gameplay, including regular red packets (with customizable passwords) and lucky draw red packets. This function further enriches the payment scenarios for users and also reduces the complexity of cross-border payments and asset distribution.
The design of the on-chain red packet function is highly innovative. When choosing the currency, users can recharge with USDC, automatically mint BUSD (BenFen's built-in 1:1 US dollar-pegged stable coin), and then freely exchange for various global stable coins, greatly enriching the multi-currency red packet gameplay.
Meanwhile, BenPay supports multi-chain asset circulation, compatible with mainstream blockchains such as ETH, BSC, and Polygon, truly realizing the freedom and efficiency of cross-chain payments. Users do not need to pay any on-chain gas fees when grabbing red packets, achieving a truly user-friendly product design.
BenPay's on-chain red packets are not only a functional innovation, but also a new attempt at Web3 scenario applications. In the future, on-chain red packets are expected to become an important tool for individual users in daily payments and social interactions, and also provide enterprises with an efficient marketing tool. Through various red packet gameplay, BenPay will connect users and enterprises in an ecosystem where fun and value coexist.
Product Highlights:
On-chain sending, secure and transparent: Based on the BenFen public chain, BenPay red packet funds flow on-chain throughout, ensuring transaction security and traceability;
Global multi-currency stable coins, send anytime: After recharging USDC and exchanging, send global multi-currency stable coin red packets without geographical restrictions;
Simple login, widely applicable: Support user zkLogin, can directly log in with Google/Apple accounts, no need for cumbersome seed phrases;
Diverse gameplay, flexible customization: Support regular red packets, password red packets, lucky draw red packets and other modes, adding fun to holiday interactions!
Enterprise operations, marketing tools: Support custom passwords and blessing messages, providing more possibilities for brand co-branded activities and user acquisition!
The launch of the BenPay on-chain red packets not only demonstrates the technical potential of the BenFen public chain in the field of stable coin applications, but also provides users with a more life-oriented digital asset application scenario. This marks another innovative integration of blockchain technology and daily financial services, opening a new chapter for on-chain red packet gameplay.
Whether it's a gathering of friends, brand marketing, or community activities, BenPay on-chain red packets will become the interactive tool of the digital age! Welcome to join the BenFen ecosystem, download BenPay now and experience the charm of on-chain red packets!
📌 Official website: https://www.benpay.org/
Download BenPay: https://www.benpay.org/download
In the future, BenPay will continue to expand functions, optimize user experience, deeply integrate with the BenFen public chain, and further improve the diversified blockchain payment ecosystem. Based on on-chain red packets, BenPay will connect global users with red packets, injecting infinite possibilities into the Web3 ecosystem. It will also gradually promote the widespread application of core modules such as crypto payment cards, merchant services, and lending and mortgages, injecting new vitality into the popularization of decentralized payments.
BenPay, not just a payment, but the key to the future of on-chain finance and user experience.
What is BenPay?
BenPay is a one-stop payment solution built on the BenFen public chain, as a key part of the public chain's core ecosystem, BenPay is committed to providing decentralized payment and asset management services for individuals and enterprises.
Core functional modules:
- Card (Crypto Payment Card): Support mainstream payment channels worldwide, such as WechatPay, ApplePay, GooglePay, Amazon, etc. Users can recharge and consume with USDC, seamlessly connecting the real and Web3 worlds, designed for global payments, linking on-chain assets and offline consumption scenarios. For details, please see the Payment Card website.
- DEX (Decentralized Exchange): Support efficient trading and liquidity provision for multi-currency stable coins, providing users with a secure and transparent asset trading platform.
- P2P (Peer-to-Peer Payment): Based on on-chain smart contract technology, provide a secure and efficient peer-to-peer transaction experience.
- On-chain Red Packets: Multi-currency red packet gameplay, combining fun and practicality, an innovative tool for personal social interaction and enterprise marketing.
- zkLogin Wallet: Adopting zero-knowledge proof technology, providing users with more secure identity login, verification and asset management.
- Merchant Services: Provide global merchants with a one-stop merchant settlement and order management service, helping them complete diversified collection and settlement needs in different business scenarios.
Through these functions, BenPay will take the on-chain payment experience to a new level, and together with the BenFen public chain, it has laid the core foundation for the decentralized finance ecosystem.
BenFen: The world's first multi-currency stable coin public chain invested by Bixin Ventures
As an important participant in the blockchain field, the globally renowned blockchain primary investment institution Bixin Ventures' investment in BenFen not only demonstrates its high recognition of its technology and ecological potential, but also provides important support for its global development.
BenFen's ultimate goal is to become the infrastructure for global digital finance. Through the multi-currency stable coin mechanism and efficient blockchain architecture, it provides users and developers with secure, transparent and convenient services.
BenFen is the underlying public chain that supports BenPay, and also the world's first multi-currency stable coin application public chain.
Its design not only meets users' demand for high performance and low cost, but also provides multi-chain compatibility and global stable coin support, such as BUSD (US dollar), BJPY (Japanese Yen) and BINR (Rupee) stable coins. These stable coins can help users achieve efficient and diversified cross-border payments and asset management. From the perspective of stable coin mechanism, high-performance architecture, and innovative payment models, BenFen provides users with comprehensive and efficient blockchain services.
- Multi-currency Global Collateralized Stable Coins
BenFen issues multi-currency stable coins such as BUSD, BJPY and Ruble-pegged stable coins by collateralizing more than 50% of BFC (BenFen chain native token). This mechanism ensures the real-time equivalent exchange between stable coins and BFC, while maintaining the price stability and effective distribution of stable coins through dynamic liquidity management and price guidance mechanisms.
- High Performance and Low Cost
Based on the Move programming language, BenFen has achieved sub-second latency and tens of thousands of transactions per second high throughput, while significantly reducing transaction costs (specifically down to about 0.00022-0.01 BFC per transaction, which is extremely low in fiat currency value). In addition, BenFen innovatively introduces zkLogin technology, allowing users to quickly generate addresses and complete transaction signing through one-click third-party authorization (such as Google or Apple accounts), greatly improving payment efficiency while ensuring privacy and security. This not only makes login more convenient, but also further enhances the privacy protection and security assurance of on-chain interactions.
- Gas payment and staking
BenFen natively supports the application of stablecoins in aspects such as staking and Gas payment, allowing users to directly use stablecoins to pay for on-chain transaction fees, eliminating the dependence on native tokens and providing users with a more convenient user experience.
- Integrated decentralized exchange (DEX)
BenPay DEX is the core trading platform of the public chain, and is an important prerequisite for the stable mechanism of BenFen stablecoins. It is equipped with an integrated price oracle and automated market maker model, and adopts a centralized liquidity management and price smoothing mechanism to ensure the stability and fairness of transactions. It also integrates an Oracle system to provide users with efficient and secure trading services.
- Decentralized finance ecosystem
BenFen has built a diversified financial service ecosystem including cross-chain assets, BenPay Card, P2P payments and other services, connecting on-chain and off-chain value, and forming a closed-loop financial system.
- DAO governance
Through decentralized governance, BenFen empowers every user with the right to participate in on-chain decision-making, ensuring the transparency and fairness of the ecosystem.
