Polestar
Polestar Service

The transformation into a platform beyond simple payment service to secure ecosystem

Whitepaper

Polestar - Polestar service

ICT companies and existing distributors expect simple payment service will be a new revenue business

Simple payment service providers expect to create a new revenue source by integrating various services such as money transfer and insurance business since the users and the revenue are increased.
The service is closely related to customers, so the providers can collect big data such as consumption pattern and demand, and use it a various business model.

The Service is not just a payment service, but it can be used to secure its ecosystem.

Naver and Kakao release the last API strategically and provide simple payment service that anyone can apply it to his/her business.
Naver provides one-stop payment service to establish Naver ecosystem that through Naver ID, such as shopping mall, merchant, and other Naver service in Naver website
Kakao establishes and expands its business platform by linking its service, content, and payment system.

Market analysis

The Polestar (Polestar service) utility token will be released on the basis of ERC20, Ethereum token standard. It can be purchased for ETH or BTC during the Token Sale. It is possible that we will consider accepting other crypto-currencies. Polestar (Polestar service) utility token will be used for internal transactions between all parties inside the Polestar (Polestar service) platform.

01

Cryptocurrencies

The market cap of all cryptocurrencies is $511 billion (as of 2/19/18)

Trading volumes for 24 hours have reached $22 billion (as of 2/19/18)

Exact user figures are difficult to determine due to the anonymous nature of cryptocurrencies, but there are over 71 million addresses for the top five cryptocurrencies

There are 25 million BTC addresses, 27 million ETH addresses, 1.1 million Ripple accounts, 16.4 million Bitcoin Cash addresses, and 2.4 million Litecoin addresses.
02

There has been an explosion in the number of users on major exchanges:

Binance reached 5 million users on 1/10/18

Bitfinex reached 1.6 million users on 12/13/2017

Coinbase claims over 10 million users

Upbit announced 1.2 million users on 12/20/17
03

Digital Payments

Global non-cash transaction volumes grew 11.2% over 2014-2015 to $433.1 billion

This growth was driven to a large degree by developing markets, which recorded a 21.6% increase in 2015, while mature markets grew by 6.8%

Debit cards accounted for the highest share (46.7%) of global non-cash transactions, followed by credit cards, with 19.5% in 2015

Contactless Contactless payments (NFC) are expected to grow to $9.9 billion in 2018, an 18% increase over 2017.

The mobile wallets market is growing steadily, with mobile proximity payments expected to top $53 billion by 2019

In-store mobile payments are predicted to reach $503 billion by 2020, reflecting a compound annual growth rate (CAGR) of over 2015-202
04

Remittances:

$537 billion was sent as remittances in 2016, mostly through firms like Western Union, MoneyGram, and RIA

Cross-Border E-commerce Market

Recently, the e-commerce sector is expanding not only in Korea but also abroad, and the growth of the cross-border e-commerce market (CBeC) between countries has been remarkable. The CBeC market is expected to grow rapidly from $ 233 billion in 2014 to $ 9494 billion in 2020 (CAGR 27.4%).

Source: CJ Logistics

Top-up with crypto

Top up with Crypto

Top-up major cryptocurrency through Master Wallet

Сompetitor analysis

There is a clear market need for the services Polestar offers, which has inspired some competitors. Some offer quite good services, and we hope to see more reliable counterparties out there to work with. However, currently, there is a clear lack of legal and security focus among our competitors, which presents huge risk.

Of our competitors, only TokenPay has been awarded any kind of license, and put due focus on security. For this reason, we see Revolut as our most serious competition.

However, Revolut does have some shortcomings:: While security is a focus, and multi-signature cold-storage wallets do offer some protec tion, they don’t entirely protect customers from potential hacks.; TokenPay is unable to offer wallet-to-wallet services for crypto transactions

In order to provide a better service, we at Polestar will have to finish rolling out our product. As this should happen in mid-March, we are confident that our product will provide users with the full-range of cryptocurrencies services, with more secure storage than any of our competitors.

MasterWallet Features

-Security: Enhance security with dual protection by storing private keys in a key store on each cell phone.

-Scalability: Convenient asset transfer, not limited to specific regions and countries, due to the expansion of terminal and service nations of Android(Global cell phone market share 90%)

-Safety: Secure stability by applying cell phone biometric identity authentication solution.

-Listed major coins such as Bitcoin, Ethereum, Ripple, BNB, USDT, which account for 90% of total transactions.

-Convenience: Asset recovery through mnemonic key even if mobile is lost.

-Support various mainnet coins and tokens.

Polestar Service

Can be joined the alliance: Alipay. Wechat Pay, Yeepay, TNG Pay, BankWallet, Clip, NaverPay, KakaoPay, Payco, PayPal, Smile Pay, ZeroPay, LinePay, PayBill, PayPay etc.

Complex Payment

Foreign exchange profit using its exclusive license of Polestar(ServiceAY) / Payment fee DOWN – “From 3.5% to 2.3%”

Operate 1% out of 2.3% of the net Income for BUY BACK of Polestar and provide BTC, ETH etc., for rewarding Master Nodes of Polestar Coin

Opening of Exclusive product only for Polestar Coin complex payment for Master Pay + Member

Provide discounts as the ecosystem expands

Provide discounts as the ecosystem expands. Provide payment solutions for travel platforms such as Airbnb, Hanatour and Expedia

Additional discounts as partners expand

Financial structure

Token Economics

There will be 10,000,000,000 tokens generated on the Ethereum platform, yielding the ERC20format token.
The distribution of the tokens will be as follows:

The Polestar Token will be purchasable for ETH or BTC during the Token Sale. It is also possible that we will consider accepting other crypto-currencies.

The Polestar utility token will be used for internal transactions between all parties inside the Polestar (Polestar coin) platform.

Polestar
Polestar Service