## What is ePay?

ePay is next-generation Cryptocurrency operating on the Ethereum blockchain that utilized the ERC-1363 protocol. ePay plans on cutting transaction costs and making worldwide Ethereum-based transactions more feasible and accessible for everyday users. The team plans on doing this by utilizing the ERC-1363 contract and their own private oracles/nodes to keep transaction fees low and fast. Utilizing this technology, we will be able to implement our own POS (Point of Sale) system that will allow vendors to accept a variety of Ethereum-based cryptocurrencies instantly into a stable token for a fraction of what it would normally cost. 

## The Technology Behind it 

ePay protocol is the protocol we created that will allow us to utilize the ERC-1363 contract and xDai side chains to create near instant transactions for pennies. With this protocol, you can create a crypto invoice system, crypto subscription service, payment gateway, and a token payable crowdsale that is easy to use and implement. With multiple functions added on to the code; EthereumPay plans not only utilizing POS (Proof of Stake) but also being a deflationary token. 

The EthereumPay Token
(Functions the ePay token has) 

- Used as a currency due to its transaction scalability and low fees 
- Used as a utility token to access tools such as our merchant POS (Point of Sale)  system 
- Used to pay for fees 
- Held for POS (Proof of Stake)
- Secure p2p payment transactions 
- Secure and scalable crypto invoicing 
- Easily integrate e-commerce APIs 
- Used to participate in airdrops

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