Automated direct transaction platform

To create the BYK ecosystem, the BYK service uses blockchain smart contract technology to guarantee that transactions between sellers and buyers can actually be performed, set penalties in case of problems, and provide product order history and sales information to sellers provide to. The tokens paid by the buyer for the purchase are safely escrowed into the smart contract and paid to the producer at the time of purchase confirmation after delivery. Users can trust and trade the product directly.

In order to change to a complete direct transaction ecosystem led by participants (sellers and buyers), platform intermediaries are eliminated and their roles are provided by the BYK platform itself. However, considering that it is under the regulation that payment with virtual currency is impossible, blockchain will be completed through BYK STATION until the regulation is eased.

Participants in direct transaction overseas direct purchase will be able to access and integrate the system through the blockchain network, saving time and money by entering minimum information. Sellers can receive incentive payments in legal currency or in BYK, a utility token that can be used on the BYK PLATFORM. Sellers who have been settled with BYK can liquidate their assets with stable coins such as stable coins and USDC through SWAP at BYK STATION, and can receive additional REWARD by participating in and contributing to the development of the ecosystem through staking.