KuCoin AMA With PlatON (LAT) — Building a Decentralized and Privacy-Preserving Financial Future

Dear KuCoin Users,

 

Time: May 29, 2025, 10:00 AM - 11:18 AM

KuCoin hosted an AMA (Ask-Me-Anything) session in the KuCoin Exchange Group, featuring James Qu, CTO of PlatON.

Official Website: https://platon.network/

Follow PlatON on X, Telegram & LinkedIn

James: The privacy-preserving computation capabilities powered by cryptographic technology are core technical features of PlatON. Meanwhile, payment and clearing services represent the foundational infrastructure capabilities provided by PlatON as a distributed ledger platform. Blockchain, as one implementation of distributed ledger technology, has given rise to a massive native crypto ecosystem over the past decade.

Yet regardless of how upper-layer applications evolve, the essence remains the same: blockchain serves as infrastructure originating from payment and clearing use cases. At its core, any blockchain ecosystem and infrastructure is essentially offering “ledger” services. Here is our whitepaper.

In Chapter 3 of the PlatON Whitepaper 1.0, under “What is PlatON,” we explicitly defined PlatON as a “super clearing agent” for data assets across various industries and services. From the very beginning of PlatON’s creation, our mission has been to provide foundational financial infrastructure centered on “payment” and “clearing.” We see ourselves as the plumbers of payment and clearing systems. In our 2021 “PlatON Privacy-Preserving Computation Whitepaper,” we also clearly stated that one of the most important application directions for privacy-preserving computation is in building payment services.

Looking at the present moment, a global payment and clearing network is the most critical near-term goal for a “trustless computation network.” We are delivering step by step.

 

Q: How does PlatON operate as a financial infrastructure?

James: Great question! PlatON delivers a full-stack infrastructure that bridges Web2 and Web3, empowering global payment and clearing through blockchain technology. From cross-border remittance and stablecoins issuance to KYC/KYT compliance and liquidity management, PlatON offers a comprehensive and modular framework.

Being a full-stack Web3 payment infrastructure means PlatON is not just a Layer1 blockchain ... it offers an integrated architecture that covers all layers required for secure, scalable, and real-world crypto payments. Let me break down here.

First of all, Settlement Layer: PlatON’s high-performance Layer1 chain supports low-fee, high-throughput, and finality-guaranteed stablecoin transfers.

Second Privacy Layer: With TOPOS, PlatON enables zero-knowledge proof and secure multiparty computation (MPC), supporting private transactions, anonymous identity proofs, and selective disclosure.

Third Application Layer: Products like ZKPAY provide wallet-free, user-friendly payment interfaces for freelancers, merchants, and real-world commerce.

Number 4 Compliance Layer: PlatON allows on-chain compliance via zk-KYC and auditability without exposing user data — suitable for regulated fintech use cases.

and finally ... Cross-Chain & Integration Layer: PlatON bridges to Ethereum and supports major stablecoins like USDT/USDC, making it interoperable and developer-ready.

In essence, PlatON builds the entire technology stack — from protocol to payment experience — for the next generation of Web3 financial applications. We’ll share a picture later or you can find from our web page, that is better.... verify by yourself.

Q: In April 2023, PlatON officially launched TOPOS (Tokenized Open Payment Operating System), a Web3.0 payment and clearing system. What is TOPOS？

James: TOPOS defines a standard for operating the underlying blockchain, and provides enterprise users with a complete solution that includes Tokenized Money issuance, management, and application.

Through smart contracts and upstream and downstream institutions, TOPOS ensures that payments are transferred from the stablecoin issuing institution to the merchant.

TOPOS also provides digital currency acquiring solutions, and a blockchain-based cross-border remittance open network, providing global users with more flexible and reliable payment clearing services.

Similar to traditional Visa/Mastercard financial services, TOPOS' enterprise Web3.0 financial solution leverages the robust blockchain underlying technology of the PlatON public chain, providing a secure, compliant, faster, and more cost-effective financial solution.

Clients access the TOPOS ecosystem, sharing the global payment institution network, acquiring more digital assets, facilitating efficient and convenient payments, reducing costs, and accelerating business innovation to drive new revenue especially with strong movements of stable coins globally, TOPOS will play a greater role.

Q: What are the core applications and use cases of PlatON and Topos in the payment sector?

James: Cool, good question! To the real achievements, here you are.

MINT System – The TOPOS MINT platform offers financial institutions a comprehensive "stablecoin" solution with independent deployment, compliant issuance, management, redemption, and destruction capabilities.

RemiNet Cross-border remittance）– TOPOS Cross-border Remittance (RemiNet) reduces intermediary steps, achieves real-time global fund settlement, and eliminates the need to occupy funds in the destination market.

Leveraging TOPOS's mature technology and open infrastructure makes cross-border remittances, payments, and fund flows faster and more cost-effective.

Stablecoin Payment Gateway（Multi-Chain Support）– A new standard for crypto payments connecting users and merchants.TOPOS Stablecoin Payment Gateway connects merchants with wallets, offering real-time multi-currency exchange and settlement, with low costs and high efficiency, providing an all-in-one solution for all the hassles of holding and paying with digital currencies.

Self Custody Wallet – The self-custodial wallet system provided by TOPOS meets these needs by offering robust security, scalability, multi-user access controls, and seamless integration, empowering enterprises to efficiently manage and safeguard their digital assets.

All above are live, and proven applications.

 

Q: What kind of technical foundation do PlatON’s privacy-preserving computation and AI technologies provide for TOPOS?

 

James: As a protocol-layer service, TOPOS is powered by advanced cryptographic primitives and smart contracts. Enabling a secure and scalable payment ecosystem requires a comprehensive suite of cryptographic modules and infrastructure-level services.

With support from the LatticeX Foundation, TOPOS adopts MPC (Multi-Party Computation) for stablecoin issuance, allowing issuers to implement internal approval workflows and integrate seamlessly via APIs.

 

From a contract design perspective, TOPOS is compatible with major Ethereum standards such as ERC-20, EIP-712, EIP-1155, EIP-2612, and EIP-3009. It also features a pre-issuance audit contract module that helps issuers manage reserves transparently and perform real-time audits.

In addition, we launched ZKPAY, a zero-knowledge-based payment solution. With ZKPAY, each stablecoin holder can issue their own Smart Money, which can be used for retail payments via QR code, NFC, and other user-friendly methods. I hope that all of you have a chance to play with ZKPAY, it is great fun!

Q: What is your biggest milestone so far?

 

James: In April 2023, PlatON officially released TOPOS, which I have introduced above. In September 2023, we officially launched the Application Chain Framework and released the PlatON Application Chain Technical Whitepaper. The goal is to establish a general, reliable, standardized, and adaptable framework that provides blockchain solutions for various industries in the Web3 space, with seamless integration capabilities. Here is the whitepaper.

In November 2023, PlatON jointly launched a digital currency payment system based on smart terminals with All IN PAY and dtcpay, providing faster, more economical, and more secure payment experiences for global users. In 2024, we officially launched payment ecosystem products such as Reminet, Mint. In the second half of the year, we introduced Topwallet and ZKpay — a product based on zero-knowledge proofs.

Q: What are PlatON’s future plans to further expand its Web3 payment business? How do you plan to onboard non-Web3 users into the TOPOS payment ecosystem?

 

James: In the short term, we aim to enhance our native infrastructure capabilities and collaborate with licensed banks and non-bank payment institutions. By introducing compliant stablecoin issuers and supporting existing stable coins as payment currencies, we plan to enter the Web3.0 space through digital entertainment use cases.

This strategy helps reduce cross-border micro-payment costs for Web3.0 games, integrates NFT-based item sales into commercial services to improve settlement efficiency, and meets the demand for multi-stablecoin liquidity on PlatON. It also creates favorable conditions for expanding payment gateway integrations and supporting the on-chain DeFi ecosystem.

In the long term, under the TOPOS architecture, we aim to reduce overall transaction costs to just 10% of those associated with traditional commercial services — effectively achieving a 90% cost reduction.

At the same time, transaction validation becomes significantly more secure and flexible, compliance risks are greatly reduced, and service providers can receive a much higher share of the revenue combined with payment fee rebate mechanisms, this will strongly incentivize all participants in the traditional retail transaction chain to adopt PlatON as a payment infrastructure.

Free-Ask from the KuCoin Community to PlatON

Q: What are the benefits of holding your token as a long term investment? Can you tell us about the motivation and benefits for investors to keep your token in the long run?

James: As a payment and settlement infra, there will be long term cash flows, and holders will gain the benefit of being part of the payment cycle.  like credit card network owners.

 

 

Q: When will your tokens be listed on exchanges and which exchanges do you plan to list on in the future?

James: The recent major listing is today/tonight on KuCoin, and welcome onboard.

 

 

Q: Is your project designed exclusively for English-speaking users, or do you also support users from non-English-speaking communities?

James: PlatON is global, and the service is also global, especially for global payment, remittance etc.

Q: Can you explain how PlatON uses Zero-Knowledge Proofs and secure multi-Party Computation in real-world applications?

James: Your question may need a long answer, but we do have ZKPAY, and coin issuance leveraging MPC.

Q: What technologies and protocols does PlatON employ to facilitate secure and efficient cross-chain asset transfers? Are there educational resources available for developers working with the API? How does PlatON support its community and developers? Are there any upcoming programs, grants, or resources aimed at fostering innovation and collaboration within the ecosystem?

James:  Education resource is available on website under developer zone. and grants are also available for related innovations on PlatON. Please contact our grant team. Thank you!

 

 

KuCoin and PlatON have prepared a total of 440,000 LAT to give away to AMA participants.

 

1. Pre-AMA activity: 174,880 LAT

2. Free-ask section: 10,900 LAT

3. Flash mini-game: 88,000 LAT

4. Post-AMA quiz: 166,220 LAT

 

Sign up for a KuCoin account if you haven’t done so yet, and ensure you complete your KYC verification to be eligible for the rewards.

 

Follow us on X, Telegram, Instagram, and Reddit.