Fast, Safe and Easy Crypto Payments
A high-speed, transactionless payment system built for the future.
Pitch Deck
Transactionless
Payments
SoftNote introduces a revolutionary transactionless crypto payment system, enabling instant, fee-free payments by replacing traditional transactions with ownership handovers.
Using Bitcoin, Ethereum, and USDT as a store of value, SoftNote acts as a cryptocurrency payment processor and eliminates network fees and delays, making crypto payments as seamless as cash. With Tectum's advanced Bitcoin node and overlay network, it transforms BTC into a scalable global cash system, offering unparalleled speed and cost-efficiency for both spenders and merchants.
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SoftNote
Explore the key elements of SoftNote and understand their importance.
5 Steps to Unlock
the Power of SoftNote
Bitcoin / Crypto wallet creation
The system creates empty Bitcoin (BTC) wallet using our Tectum BTC node in preparation for Softnote minting and filing.
Create WalletMinting Softnote
A Minter (Mt) uses their TET to create SoftNote bills. Every bill is given a unique serial number, and the corresponding BTC value is shifted to the bill's exclusive address. Following this, the SoftNote minting licenses are allocated to the Mt's account.
Liquidity provision
A liquidity provider (LP) tranfers BTC to the BTC wallets of the SoftNotes they desire to fill. The LP licenses for these SoftNotes are assigned to the Tectum account.
Releasing for circulation
The Minter then distributes these SoftNotes. This could be done in various ways depending on the system in place — either through direct transactions, sales, exchanges, or through a network of distributors or agents. Their movement from one holder to another constitutes their active circulation, facilitating trade and exchange just like any currency.
Revenue generation
The end user spends the SoftNote. If used for retail purposes, the retailer is charged a capped fee of 1%. The Mt and LP license holders are each paid 20% of this fee each.
SoftNote: Redefining
Borderless Payments
SoftNote is a revolutionary FinTech solution that enables frictionless, borderless value transfers by leveraging blockchain technology. Designed as digital bills that carry their own value, SoftNote allows seamless, fee-free, peer-to-peer transactions while ensuring trust and transparency in the digital currency ecosystem.
Key Advantages of Tectum SoftNote
Absolute Anonymity
SoftNote offers greater anonymity than traditional blockchain transactions by ensuring payments are not recorded on public ledgers. Instead, balances are securely processed and handed over, leaving no traceable transaction history.
Retailer-Friendly Commissions
Commissions are only charged to retailers when SoftNotes are received in a point-of-sale context, and they’re approximately half the cost of traditional credit card fees.
Instant Payment Processing
Payments are received instantly once the SoftNote is verified and unlocked, with zero fees, no delays, and unmatched transaction speed.
Internet Independence
Payments can be made using a physical, paper-printed SoftNote bill, allowing the paying party to transact without an electronic device or internet, provided the recipient is connected to the Tectum network.
“Handover” Instead of “Transfer”
A store of value balance can be easily verified via the network and blockchain explorers, but the handover process remains entirely off-chain, ensuring enhanced anonymity and untraceable transactions.
Microtransaction-Friendly
Zero-fee policy and instant finality makes microtransactions possible.
Network Independence
SoftNote operates independently of traditional banking and crypto systems. Payments can be handed over device-to-device or sent through any network capable of transferring picture files. Users only need a “proof of balance,” which can be easily verified via a blockchain explorer.
Cash Money Property
SoftNote can be handed over in a paper form and received by another party as long as they are connected the internet.
Excellent Security
SoftNote PIN codes provide cryptographic protection, ensuring the secure ownership of your SoftNotes.
Robust and Mature Technical Framework
Developed using proprietary, copyrighted intellectual property for unmatched reliability and innovation in crypto payment processing.
Denominated Bills
SoftNote bills are denominated according to globally accepted standards: $1, $5, $10, $20 etc. SoftNotes can be printed in paper format and transported without any geographical boundaries.
Reversing the “Transaction Fee” Paradigm
SoftNotes eliminates fees for senders, while retailers incur a modest fee of under 1% on all incoming transactions.