Transactionless Payments


By a factor of 50X Tectum network reducing the transaction cost below 30 cents and increases legacy network. Today, we are able to transfer Bitcoin as cheap as $0.06 and publish a transaction in native network mempool in 1/8 of a second time – all that without using the SoftNote technology!

However, no matter how small the network fee gets, it is still does not support our superconductive digital environment claim – that’s where SoftNote comes in.

SoftNote has adopted most “cash money” properties like: the SoftNote bill can be printed on paper, does not require confirmation of the Bitcoin network, charges no fees and has no geographical boundaries; it can be used as a means of payment person-to-person or sent over any Messenger as a picture file. Unlike cash, the SoftNote is secured by a passcode rendering it useless to a bad player. SoftNote makes it possible to implement “Cash Money” freedoms into a payment procedure through isolating a sender from recipient by replacing a “transaction” with the “handover” procedure.

SoftNote is the flagship product of Tectum and is positioned as the first transactionless payment system boasting truly instant payment capabilities and zero-fee policy for an end user, transactionless means that no transaction actually takes place on native network.

The implementation will start with the emission of a number of SoftNote Bills assigned with serial numbers, denominations and security measures using Bitcoin and USDT as a Store of Value, with the following release of this emission into circulation within selected region(s) in Summer 2022. The Bills will be accessible to purchase and payments though Tectum web Wallet and mobile App.

phases of tectum softnote, high-speed transactionless payment system

TECTUM PITCH DECK


The SoftNote is not a Blockchain product – it is a FinTech product; the SoftNote as a digital product is a frictionless transport of value and not a money. Get the Pitch Deck & learn how this innovative new technology facilitates the digital currency environment of the future.

PITCH DECK »

WHY SOFTNOTE?


The SoftNote is not a Blockchain product – it is a FinTech product; the SoftNote as a digital product is a frictionless transport of value and not a money.

The difference between the SoftNote and money is the same as the difference between the Letter of Credit and the bag with physical Cash, except that in case with SoftNote you don’t need to claim the Cash from the issuer in order to receive the actual value – the SoftNote bill carries the value within itself, the blockchain technology unlocks the freedom to conduct borderless remittances in true peer-to-peer mode. Since Softnote deals with digital values, managing fees and transaction records becomes the technological and not logistical task, which is not a problem at all because all the participating entities are digital with the Blockchain becoming the point of trust between the intermediaries.

A SoftNote can only be acquired from an authorized SoftNote Node which is a Tectum blockchain Node dedicated to minting SoftNotes and processing payments conducted via SoftNotes.

KEY ADVANTAGES OF TECTUM SOFTNOTE


  • Absolute Anonymity: SoftNote is more anonymous than Bitcoin wallet because BTC transaction can’t be traced by public address. The payment is not registered in the native network ledger while the balance is handed over.
  • Zero-Commission Payment Procedure: Commissions are not paid to miners – and are applied only in case of retail or commercial payment processing to the account of receiving party.
  • Instant Payment Processing: Payment is deemed received as fast as the receiving party able to verify and unlock the SoftNote. The Superconductive Digital Environment eliminates feeds & delays and tends towards zero transaction costs and infinite terminal performance (transaction speed).
  • Network Independence & Isolation: Softnote features technological isolation from traditional banking and crypto systems. Payment Handover allows to fully protect participants from native networks’ performance issues, where payments can be handed over personally in device-to-device mode or sent through any network capable to transfer picture format files. A SoftNote user only needs a “proof of balance”, which can easily be conducted by verifying the SoftNote balance via native (BTC) Explorer.
  • Internet Independence: Paying party can use physical format, paper printed SoftNote bill and conduct payment without using electronic device or internet as long as a recipient in connected to Tectum network.
  • Cash Money Property: SoftNote can be handed over in a paper form and received by another party as long as they are connected to a Node or Internet.
  • Good Product Maturity: all low-level development is successfully completed.
  • Proprietary Software: in-house designed and built in an agile development process
  • Excellent Security: besides base pincode protection the SoftNote can be tied to the ID of the receiving party;
  • Robust & Maturity Technology Framework: built on our proprietary and copyrighted intellectual property.
  • Denominated Bills: SoftNote bills are denominated according to globally accepted standards: $1, $5, $10, $20 etc. SoftNote can be printed in paper format and transported without any geographical boundaries.
  • “Handover” instead of “Transfer”: A Store of Value balance is easily verified by checking network (BTC) Explorer, while the fact payment is invisible for a native network.
  • Microtransaction-Friendly: Zero-fee policy across all kinds of payment opens an unprecedented opportunity to conduct.
  • Reverses the “Transaction Fee” Paradigm: The conventional Crypto-transaction model works well but lacks retail adoption for 1 simple reason: the transaction fee is paid by a payer which goes in conflict with the base profitability principle. SoftNote payments reverses it back to classic by implementing a throughout zero-fee policy for every user except profit-makers – retailers will be charged a moderate fee under 1% applicable to all incoming transactions.