Laqira Protocol LQR / Laqira Protocol

# 1. Laqira Protocol

Laqira Protocol, a subsidiary of TOBTC TRADING company, headquartered in Istanbul, Turkey, founded 2021, operates within various dynamic realms of blockchain technology including decentralized finance (DeFi), crypto trading, and gaming. Laqira Protocol’s core offerings include LaqiraPay, LaqiDex, and TaBit dapp (all in Laqira Protocol’s DeFi super app LaqiraHub), along with a range of additional services such as Telegram mini-app, NFT marketplace and Laqirace game.

# 2. LaqiraHub

LaqiraHub is an innovative, fully decentralized vendor-based platform that utilizes a token-burning mechanism per transaction to continually boost the value of LQR tokens, targeting a diverse audience including ordinary users, vendors, e-commerce and online business owners, and developers. LaqiraPay stands as the flagship and prime product of the entire ecosystem.

# 2.1. LaqiraPay

LaqiraPay is the first completely decentralized asset-agnostic multi-network payment solution, which has successfully addressed all of the drawbacks of traditional crypto payment portals.

# 2.1.1. LaqiraPay Key Benefits and Features

LaqiraPay unique features are as follows:

Fully Decentralized: All of the payment procedures are operated by a decentralized logic embedded in the blockchain in the form of a smart contract preventing any kind of manipulation in the processes.

Immediate Settlement: Each transaction processed through LaqiraPay is settled instantly, ensuring a seamless and efficient experience. This is achieved without relying on custodial services or third-party interference, providing vendors with full control and transparency over their customers payments.

Direct Payment Receive: When a customer makes a payment through LaqiraPay, the fund is delivered directly into the vendor's wallet.

Vendor Transparent Financial Statement: One of the most pivotal features of LaqiraPay, particularly from the perspective of vendors, is the implementation of dedicated financial statements within each network in the form of smart contracts. These smart contracts meticulously document every transaction conducted through LaqiraPay payment system on the vendor's payment portal. These smart contracts function as transparent and enduring records, comprehensively capturing all transactions made by the customers for future reference.

Asset-Agnostic: LaqiraPay’s asset-agnostic approach empowers customers to make payments using any cryptocurrency in an intended network, eliminating the constraint faced by other crypto payment gateways tied to specific origin/destination assets. On the other hand, the vendor receives the payment in the form of stablecoin, omitting any concerns associated with loss in value, transfer fee, exchange fee, exchange rate, etc.