
8Pay (8PAY)
Key data
updated $08Pay (ticker: 8PAY) is a cryptocurrency built on the Ethereum network as an ERC-20 token. The project focuses on payments, aiming to let users schedule and automate crypto transfers, like recurring payments and subscriptions. In plain terms, it's a token designed to make paying with crypto feel more like everyday banking.
Frequently asked questions
What is 8Pay and how is it different from other cryptocurrencies?
8Pay is an ERC-20 token running on Ethereum, so it benefits from Ethereum's security and infrastructure. Its main distinction is the focus on automated payments — recurring transfers, scheduled payments and billing — rather than just being a store of value or a generic payment coin.
How does 8Pay work technically?
8Pay operates as a smart-contract-based token on the Ethereum blockchain, which means every transaction and payment rule is executed by code rather than a middleman. Its payment features are implemented through contracts that can trigger transfers automatically according to a schedule you set. Like all ERC-20 tokens, it relies on Ethereum's proof-of-stake consensus for security.
How is the supply of 8Pay structured?
8Pay has a hard cap of 88,888,888 coins, meaning no more than that amount can ever be created. A fixed maximum supply is a common design choice that prevents the token from being endlessly inflated. You can verify the total supply at any time directly on the blockchain.
How can I store and use 8Pay?
Since 8Pay is an ERC-20 token, any Ethereum-compatible wallet works — MetaMask, Trust Wallet, hardware wallets like Ledger, and similar. You'll need a bit of ETH in the same wallet to cover network fees when moving the token. Within the 8Pay platform, the token can be used to set up and run automated payment plans.