PID (Web3 Payment ID) is a decentralized identity system based on the W3C DID standard, combined with the Soul Binding Token (SBT) that binds off-chain payment information together. As the first layer of the Polyflow architecture, PID serves not only as an intermediary between payment institutions but also as the foundational infrastructure of the decentralized PayFi ecosystem.
Within the Polyflow ecosystem, PID plays a crucial role in ensuring users conduct secure and efficient cross-border payments between different blockchains and the real world. This interoperability enables Polyflow to offer a broader range of financial services and functionalities for the PayFi ecosystem.
To begin registration:
Visit https://polyflow.tech
Enter the desired PID (Web3 Payment ID) keyword in the search bar. The system will provide you with relevant and recommended results, allowing you to select the appropriate PID.
Choose an unregistered PID, then click the “Connect” button at the top right corner to link your Web3 wallet. Ensure you are connected to the correct wallet address and switch to your preferred target chain.
Sign and click on the PID name, then click the “Approve” button to confirm the transaction. Once the transaction is completed, you can proceed with the registration process.
Note: If you have a referral code, please enter it in the registration window to receive Polyflow point rewards.
Click the “Stake” button to complete the registration. Congratulations! You now have successfully obtained a Web3 Payment ID!
Attention: PID is an SBT (non-transferable token). For more information, please refer to:
https://polyflow.gitbook.io/polyflow/overview/introducing-the-pid.
On the staking page, different rewards are available based on the amount you choose to stake:
Staking between $1 to $500 earns a 1x points reward.
Staking over $500 earns a 1.2x points reward and an exclusive Polyflow payment virtual card.
Staking over $1000 earns a 1.5x points reward, an exclusive PID physical card, and a free four-digit PID domain.
Staking over $2000 earns a 2x points reward, an exclusive PID physical card, and a free three-digit PID domain.
For every additional $100 staked, an extra 0.1% points reward is earned.
More staked amounts will result in more points rewards.
In addition to staking, you can also earn Polyflow points by completing simple social tasks.
Complete KYC verification and earn points：
Polyflow employs zero-knowledge proofs and decentralization to protect privacy.
Official Website:https://polyflow.tech/
Twitter:https://twitter.com/Polyflow_Tech
User’s Guide:https://polyfolw.gitbook.io/polyflow
Medium:https://medium.com/@Polyflow