Large Global Payments Processor Unveils Airdropping Campaign Among Users

CoinPayments, a global cryptocurrency payment processor, has announced an airdrop launch of its own utility token - the CPS Coin.

Founded in 2013, CoinPayments is a global cryptocurrency payment processor with a reach of over 1,000,000 vendors across 182 countries, says the company's blog.

"CoinPayments has created a special place in the world of cryptocurrency users with intuitive digital wallets, which include shopping cart plugins that can be easily integrated by online merchants making it appealing to their customers" said Alex Alexandrov, founder and CEO of CoinPayments in an interview with Insight Success.

Airdrop to all usersThe CoinPayments team reported to Cointelegraph that the company launched an airdrop of 100 CPS Coins to all current users, as well as new signups on the CoinPayments platform until August 1, 2018.

Users wanting to buy CPS Coins can buy directly from CoinPayments at a rate of €0.10 per token.

If their CPS Coin wallet doesn't contain enough CPS Coins to pay the fee then the required amount of CPS Coins will be purchased automatically from the CoinPayments pool using the fee collected at the time of the transaction.

As for conversion and withdraw fees, users will receive a 50 percent rebate if they pay from CoinPayments directly into the user's CPS Coin wallet.

Regarding ICO participation, CoinPayments will negotiate an allocation of tokens from hosted ICOs at a discounted rate from the public ICO price and CoinPayments users will have the option to participate in this allocation using CPS Coin.

Additional tokens"As an extra incentive, users can collect an additional 25 CPS Coins every time a new user signs up through their affiliate link" said a company representative.

The CoinPayments affiliate program pays affiliates 25 percent of transaction fees collected from all referred users for a duration of 5 years.