PaybandCoin (PYBC)

PaybandCoin (PYBC) is a native utility token that powers the Lux Payband ecosystem. It is an in-event contactless payment bridge for ticketing, merchants, and vendors, allowing users to make seamless transactions using compatible wristbands, cards, key fobs, and other devices. With Lux Payband, users can safely pair their Stellar blockchain digital wallets, enabling contactless crypto payments to exchange goods and services. PaybandCoin (PYBC) is also used within the Aquarius governance management layer on Stellar, contributing to the growth of new generation Stellar projects.

Lux Payband offers a range of benefits for both users and merchants. Users can easily search for events, purchase tickets, and merchandise using the Delux Event Wallet, which stores tickets as scannable QR codes for quick entry. Users can also use their PaybandCoin (PYBC) within events for contactless payments, incentivizing customer loyalty with fee reductions. Conversely, merchants enjoy the advantages of low transaction fees and quick settlement times, compared to traditional credit card payments that incur higher fees and longer settlement waits. Lux Payband eliminates chargeback fraud as payments made are irreversible.

As part of the Lux Payband community, users can access a global network and various social communities for discussions and staying connected. Lux Payband aims to revolutionize contactless wristband payments and event wallet experiences, providing a secure and efficient platform for transactions at festivals, events, conferences, restaurants, and more. With Lux Payband, users can enjoy the convenience of seamless crypto payments and merchants can benefit from cost savings and faster settlements.