## What Is Innovation Blockchain Payment (IBP)?

Domestic and foreign virtual asset payment systems through rechargeable card (payment platform) and payment process (franchise) solutions

The general economic model of IBP tokens in conjunction with the specific usage scenarios :

1. Payment Platform (using a Rechargeable Card System)
IBP rechargeable card is Korea's first crypto (digital currency) card-type platform and holds patents that can be converted into KRW (KRW) by immediately selling to the exchange by reflecting real-time market prices
2. Virtual Asset Payment Process
Normally, rechargeable cards require many franchises. but IBP can provide integrated service and system in a single package after combining virtual assets with the payment process.
3. Global Payment Process Platform
If the number of merchants who can pay for virtual assets increases, the company can secure the user's reliability based on the reduction of payment fees and the security of payment records, and play a role as a global payment platform in conjunction with IBP token's foreign exchange system.

The technical features of IBP :

1. Rechargeable payment platform
2. Exchange
It reflects real-time market value when using a crypto at a merchant.
3. Franchise using blockchain plarform
It supports payment of block chain using existing card payment system.
4. Settlement business operator
It provides usefulness for the conversion of legal currency of the block chain, and after the user makes payment with the block chain, the merchant provides settlement services so that he or she can receive legal currency.

The strength of IBP :
IBP provide a virtual asset payment solution based on a patent that can be paid with virtual assets.
‘Transaction method and system of electronic currency prepaid card’
Number: 10-1922913 (Korea)
Application date: March 10, 2016
Registration Date: November 22, 2018


## How Many IBP tokens Are There in Circulation?

IBP Project launched on Jun 4, 2020 with 2 billion IBP tokens and the current circulation supply is 167,755,282 IBP now.
The allocation plan is as below


* Token Sale : 300,000,000 (15%)
* Foundation : 200,000,000 (10%)
* Ecosystem : 400,000,000 (20%)
* Airdrop : 100,000,000 (5%)
* Marketing : 200,000,000 (10%)
* Reserve : 400,000,000 (20%)
* Partnership : 200,000,000 (10%)
* Team : 100,000,000 (5%)
* Advisor : 100,000,000 (5%)



### Who Are the Founders of IBP Platform?

IBP is the brainchild of developers James Lee and John Lee, both of whom have extensive experience in Payment market.

The two have been engaged in card-related businesses for 10 years, including charging cards, settlement, and securing franchisees, and developed IBP service, a virtual asset rechargeable card platform, by converging blockchain technology.

This project became what is now the IBP, and employs more than 15 staff, including developers with experience at lots of company which work on payment devision.


### Where Can I Buy Innovation Blockchain Payment (IBP)?

IBP is available for trading on a growing number of exchanges, with KRW, USDT and BTC pairs currently available.

[Bithumb](https://www.bithumb.com/) offers the largest number of pairs as of Nov 2020, while [Coinone](https://coinone.co.kr/) also offers [Bithumb Global](https://www.bithumb.pro/ko-kr/spot/trade?q=IBP-BTC) (BTC), and (https://www.bithumb.pro/ko-kr/spot/trade?q=IBP-USDT) (USDT) options.


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