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V3 New Version pay.cool User Guide

FAB Public Chain Explainer Little K
https://mirror.xyz/0x06A08150BdA9Af17D0ff0F179aA3E272C5D899b0

The new v3 version of pay.cool has been launched, and many friends are still unclear about how to operate it. Today, we will explain it in detail. First, let's clarify a few points:

  1. The v3 version is a completely new architectural design, so it is not compatible with the previous v2 version. This mainly means that the assets on the exchange are not interchangeable; however, the underlying wallets are interchangeable. Therefore, everyone needs to first withdraw the assets from the exchange in the old version to the wallet, and then operate in the v3 version software to transfer to the exchange to experience various functions of the v3 version.

  2. Although it is a completely new architectural design, the underlying transfer operations have not changed, including the operations of Yibi that we previously explained, which are almost the same as in the v3 version.

  3. A new feature has been added to the v3 version wallet, the KANBAN chain. It is important to clarify that the KANBAN chain is similar to an L2 chain. When you transfer assets from your wallet to the exchange, you are transferring to the KANBAN chain. It is important to note that assets transferred to the KANBAN chain can participate in various Dapp operations and flash exchanges, which are very convenient, fast, efficient, and low-cost. In fact, the assets on the KANBAN chain are the same as those you transferred from the wallet to the exchange in v2; I hope this explanation is clear.

V3 Version Operation Tutorial:

1. Create or Import Wallet#

The v3 version allows you to create or import multiple wallets, which is a multi-wallet application. As shown in the image, you can create or import existing mnemonic phrases; this will not be elaborated further. Just choose your language and follow the steps; it's very simple.

Later, you can also create multiple wallets again in wallet management, which is very suitable for users with multiple wallets. This is also a key point of this update.

2. Activate Payment Function#

Old users do not need further elaboration; just import the wallet.

For new users, I strongly recommend finding a referrer and asking them for an invitation code. An important concept of pay.cool is referral payments. There will be a series of ecological supports in the future, including merchant payments, e-commerce, games, chess, the metaverse, digital identity, and even social interactions and real estate transactions, all of which require payments. The referral system rewards each referrer through payments.

In addition, the payment function of pay.cool must be activated using an invitation code; other wallets and Dapps can be used without it.

As for how to build your own referral system to maximize benefits, that depends on each individual. As explained in our previous articles, by referring merchants, you can receive rewards for every payment made by the merchant. In games, you can also receive rewards for every payment made. In various payment processes in the metaverse, you can also earn rewards, etc. As long as it involves the payment field, the referral reward system will exist. As shown in the image, I have already activated the payment function through my referrer.

Moreover, only the referrer's referral code is needed, and this process is free. If the referrer requires you to pay to get the referral code, that indicates a problem with the referrer charging you, and you may want to consider changing your referrer. The pay.cool payment process is just providing a platform, and activating the payment function is completely free. Similar to Alipay, is there a fee just to activate the payment function?

3. Dapp Applications#

Today, I will focus on explaining the use of Dapps. More Dapps will be updated in the future, including identity verification, games, the metaverse, social interactions, lending, DAOs, etc. Click on the browser at the bottom to enter the Dapp page and select the Dapp you want to use. Today, we will focus on two, and we will explain other Dapps when they are activated later:

1. Biswap Application#

As shown in the image, after linking the wallet, you can directly proceed with transactions. Click on the three horizontal lines to the left of the linked wallet to add liquidity, view information, etc.

2. Risingex Application#

This is similar to Biswap and is another new application model, which will also be continuously updated. As shown in the image, you can proceed with transactions, and you can also click on the three horizontal lines in the upper right corner to choose buying, selling, and liquidity, and view transaction information, etc. The operation is relatively simple.

That concludes today's operation tutorial. Interested friends can give it a try.

FAB Public Chain Ecosystem#

The FAB public chain has multiple ecosystems officially running, including various chain games, shopping malls, etc. In addition to the various ecosystems built on FAB that we introduced earlier, more ecosystems developed based on the FAB public chain will be launched in the future. Our community will continue to share and explain, helping everyone build their own business landscape in the era of blockchain web3.0.

  1. Decentralized wallet + Decentralized exchange (exchangily.com all transaction fees 100% distributed to holders of Yibi exchange token EXG)

  2. Decentralized digital currency payment tool — Pay.cool payment, the Alipay of the blockchain-based Web3.0 era, the v3 version has been upgraded, welcome to the world of web3.

  3. Decentralized e-commerce (madearn.com)

  4. NFT trading platform (collectiongala.com)

  5. Decentralized traceability system ID Dock (verification and traceability system for people, events, and things)

  6. DeFi ecosystem applications (Biswap.com)

  7. Chain game platform (gamearm.com)

  8. Red envelope function, which has been launched on pay.cool

  9. Digital identity system, the Digital Citizen Program, has been launched (pay.cool's Digital ID)

  10. Developer integration suite cool-connect has been launched

  11. Decentralized supply chain (DSCmap, coming soon)

  12. Social content creation platform coming soon

If you find it good, please recommend it to your friends and follow us. Thank you for your support!

We also welcome everyone to follow or bookmark our channel, as we will present more knowledge and tutorials in the future.

We are only sharing the FAB public chain and do not constitute any investment advice.

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