BenPay announced the launch of the world’s first on-chain red packet function, bringing a new decentralized payment and social interaction method to global users.
BenPay is the core ecosystem product of the BenFen public chain, incubated by Bixin Group. It is a super application that integrates deposit and withdrawal, mortgage lending, offline consumption, and on-chain red envelope transfer.
Through the BenPay chain red envelope function, users can send BUSD (US dollar) stablecoin red envelopes to celebrate the Spring Festival of the Year of the Snake in 2025.
In addition, BenPay’s on-chain red envelopes can be freely selected for various gameplay, including regular red envelopes (with custom passwords) and lucky red envelopes. This feature further enriches users’ payment scenarios and reduces the complexity of cross-border transfer and asset distribution.
At the same time, 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 payment. Users do not need to pay any on-chain gas fees when grabbing red envelopes, realizing a truly user-friendly product design.
BenPay’s on-chain red envelope is not only a functional innovation, but also a new attempt in Web3 scenario application. In the future, on-chain red envelopes are expected to become an important tool for individual users in daily payment and social interaction, and also provide an efficient marketing tool for enterprises. Through various red envelope gameplay, BenPay connects users and enterprises in an ecosystem where fun and value coexist.
Product Highlights:
On-Chain Transactions, Secure and Transparent: Built on the BenFen blockchain, BenPay ensures that red packet funds are fully on-chain, guaranteeing secure and traceable transactions.
Simple Login, Easy to Use: Supports zkLogin, allowing users to log in directly with Google or Apple accounts without the need for cumbersome mnemonic phrases.
Rich Features, Flexible Customization: Supports standard red packets, password-protected red packets, and lucky draw red packets, adding fun to festive interactions!
Business Operations, Marketing Tool: Customizable passwords and greetings provide more possibilities for brand collaborations and user engagement!
The launch of BenPay’s on-chain red packets not only showcases the technical potential of the BenFen blockchain in stablecoin applications but also provides users with more life-related digital asset application scenarios. This marks another innovative integration of blockchain technology with daily financial services, opening a new chapter in on-chain red packet experiences.
Whether for friend gatherings, brand marketing, or community events, BenPay’s on-chain red packets will become the ultimate interactive tool of the digital era! Join the BenFen ecosystem today, download BenPay, and experience the charm of on-chain red packets firsthand!
In the future, BenPay will continue to expand its features, optimize user experience, and deepen its integration with the BenFen blockchain, further enhancing a diversified blockchain payment ecosystem. With on-chain red packets as a foundation, BenPay connects global users and injects infinite possibilities into the Web3 ecosystem. We will also gradually promote the widespread adoption of core modules such as crypto payment cards, merchant services, and mortgage lending, injecting new vitality into the popularization of decentralized payments.
BenPay: Beyond Payments, 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 blockchain. As a key part of the blockchain’s core ecosystem, BenPay is committed to providing decentralized payment and asset management services for individuals and businesses.
Core Functional Modules:
•BenPay Card (crypto payment card): Supports global mainstream payment channels, such as WeChat Pay, Apple Pay, Google Pay, Amazon, etc. Seamlessly connects reality with the Web3 world, designed for global payment, linking on-chain assets with offline consumption scenarios. For details, please refer to the payment card’s official website.
•BenPay DEX (Decentralized Exchange): Supports efficient trading and liquidity provision of stablecoins, creating a secure and transparent asset trading platform for users.
•On-chain red envelope: a variety of red envelope gameplay, both interesting and practical, is an innovative tool for personal social, and corporate marketing.
•zkLogin wallet: using zero-knowledge proof technology to provide users with more secure identity login, verification and asset management.
•BenPay Merchant Services: Provide full-stack merchant settlement and order management services for global merchants to help them complete diversified collection and settlement needs in different business scenarios.
Through these functions, BenPay has pushed the on-chain payment experience to a new height, and together with BenFen public chain, it has built the core cornerstone of the decentralized financial ecosystem.
BenFen: Bixin Ventures invests in a new generation of real-world payment public chain
As an important participant in the blockchain field, Bixin Ventures, a globally renowned blockchain primary investment institution, not only demonstrates its high recognition of its technology and ecosystem potential, but also provides important support for its global development.
BenFen’s ultimate goal is to become the infrastructure of global digital finance, providing secure, transparent, and convenient services to users and developers through stablecoin mechanisms and efficient blockchain architecture.
BenFen is the underlying public chain that supports BenPay
Its design not only meets users’ needs for high performance and low cost, but also provides multi-chain compatibility, which can help users achieve efficient and diversified cross-border transfer and asset management. Starting from stablecoin mechanisms, high-performance architecture, innovative payment models, etc., BenFen provides users with comprehensive and efficient blockchain services.
High performance and low cost
Based on the Move programming language, BenFen achieves sub-second latency and high throughput of tens of thousands of transactions per second, while significantly reducing transaction costs. In addition, BenFen innovatively introduces zkLogin technology, which allows 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 balancing privacy and security. This not only makes login more convenient but also further enhances the privacy protection and security of on-chain interactions.
Gas payment and pledge
BenFen natively supports the application of stablecoins in staking and gas payment. Users can directly use stablecoins to pay for on-chain transaction fees, providing users with a more convenient user experience.
Built-in decentralized exchange (DEX)
BenPay DEX is the core trading platform of the public chain and an important prerequisite for the existence of the BenFen stablecoin stability mechanism. It has built-in price oracle and automatic market maker models, and adopts centralized liquidity management and price smoothing mechanism to ensure transaction stability and fairness. At the same time, the built-in Oracle system provides users with efficient and secure trading services.
Decentralized financial ecosystem
BenFen has built a diversified Financial Services ecosystem including cross-chain assets, BenPay Card, etc., connecting on-chain and off-chain values, forming a closed-loop financial system.
DAO governance
Through decentralized governance, BenFen empowers each customer engagement to make decisions on the chain, ensuring transparency and fairness in the ecosystem.