🖐️WELCOME

Who we are and why we started

Freecap Network introduces CAPPY, a Web 3.0 based super-app that provides a blockchain based user-friendly experiences. This whitepaper below covers everything related to the Freecap Network and CAPPY.

Problem Statement

Since the launch of Ethereum in 2015, the world has been excited with the anticipation of decentralized apps (Dapp) to be developed based on smart contracts. Numerous projects have started developing Dapps, and many projects fueled their project funding via Initial Coin Offerings (ICO).

Those who participated in these ICOs believed that blockchain and decentralization will become the solution to the irrational problems that the traditional platforms held. To them, blockchain was an innovation, a solution and an alternative. As a result, since 2015 to 2019, more than USD 290 Billion was raised via ICOs, and currently, as of 2022, over 4,000 Dapps are currently in operation.

However, the current crypto ecosystem has not lived up to its dreams of an innovative future. While numerous companies, developers and users dove into the arena with innovation in mind, most of these services were released with lack of quality, ultimately resulting in the projects become a playground for speculators or a something that is simply claimed to be innovations.

These results are most common among on-chain based Dapps such as Dex, Defi, NFT Drops, and X2E. These projects attracted users by offering attractive and unprecedented rewards to its early participants while proclaiming their ideal vision and goals beyond decentralization.

Nonetheless, these services were too difficult and lacked user-friendliness to the average user who lacked understanding of blockchain. In addition, their token economics did not contribute to the long-term growth of their project's service. Ultimately, these Dapps were either replaced by new projects with better rewards or were phased out and forgotten by the market.

Projects that put rewards in the forefront of their value faced token inflation and have suspended their operation or have gone through the process of closure and delisting, only leaving behind risk factors in the market.

Starting with CAPPY, a blockchain-based Web 3.0 super app, Freecap Network will build a ecosystem of extended networks, gradually solving the problems which existed in the previous Web 2.0 ecosystem.

We seek to differentiate ourselves from existing projects and services which have focused on token rewards as their core value via the following:

Service over technology, user over service

We believe that the ultimate objective of a block-chain based projects is not only to apply blockchain technology to its services but also to bring about generalization of the service itself.

To realize this, CAPPY has adopted a mobile messenger service, a service that is familiar to the general public. We propose a blockchain-based Web 3.0 ecosystem that can not only be used by the crypto and financial users, but also, general users as well.

Core service value and token economy

CAPPY's core value is to provide 'benefits' to users in its various communities, including but not limited to: crypto and finance.

CAPPY's token economy will be used for user contributions to vitalize the ecosystem. We will prioritize and compensate users who directly contribute to revenue generation and have clear purpose in their activities such as, social campaigns, knowledge and information verification, and advertisement and marketing.

Optimized service quality and user experience (UX)

Quality of service and user experience (UX) cannot be overlooked just because blockchain and token economy are applied.

As a matter of fact, from the moment cryptocurrency is applied, more aspects of quality and UX should be considered beyond the existing services. Most notably, when it comes to token rewards, remittance, and payment, a natural and smooth experience is a must.

Frequent transactions with a purpose to record data on blockchain and high traffic over a short period of time leading to service suspension incidents, all contribute to users losing trust in the service.

CAPPY aims to provide service that does not cause any inconvenience throughout the entire user experience, from signing-up to actual usage.

The Bounty Campaign rewards for CAPPY users will be accumulated in real-time in the official wallet, CAPPY Wallet. The donation system and simplified transfer will be implemented through a streamlined process, such as sending messages through the user's profile.

Through such, T.gram will improve the existing perception that blockchain services are complicated.

Rather than contemplating over what kind of technological innovation we can bring about, we are focused on how to make our lives more convenient by generalizing the technological innovations that are already released in the market.

Generalization is only complete when users no longer perceive the technology as something special. CAPPY seeks to lead the generalization of blockchain innovation.

IMPORTANT: This document should be interpreted in accordance with the disclaimer at the end of this document. Please review the disclaimer carefully and use the technology at your own risk. Do not rely on this document when making important decisions. This document is written as a vision for the platform, and the actual implementation and details may be modified due to policy decisions and/or external factors beyond the control of the team. Please see the roadmap for updates regarding implementation and development.