pheroid: Revolutionizing Payments with Web3 Simplicity and Rewards

Core Concept

Imagine the seamless payment experience of Stripe or Revolut, now supercharged by the power of blockchain. Spheroid is a groundbreaking Payment 3.0 platform that transforms every transaction into an opportunity for engagement and rewards, specifically built on the Mantle blockchain.

Key Innovative Features

1. Frictionless Onboarding with Coinbase Smart Wallets

Spheroid eliminates the traditional web3 complexity by leveraging Coinbase's advanced wallet technology. Merchants enjoy a web2-like onboarding experience with complete gas fee abstraction. Users can seamlessly connect their preferred wallets or use abstracted wallets with built-in on-ramp services, making crypto payments accessible to everyone.

2. Transparent and Immutable Transaction Records

Powered by Sign Protocol, every transaction is securely attested and stored on-chain. This creates an immutable, tamper-proof record that goes beyond simple payments. The platform enables:

• Detailed receipts
• Advanced analytics
• Loyalty profile creation
• Expenditure tracking

3. Robust Technical Infrastructure

Utilizing Curvegrid for smart contract indexing and Dynamic.xyz for smooth wallet connections, Spheroid provides a seamless, native web2-like experience across platforms.

The Loyalty Advantage

Spheroid isn't just a payment platform—it's a loyalty ecosystem. By leveraging blockchain's transparency and Sign Protocol's custom hooks, every transaction becomes an opportunity to build customer engagement. Merchants can create dynamic loyalty programs that are:

• Instant
• Verifiable
• Directly integrated into the transaction flow

Traditional Loyalty Program Problem

Currently, when companies like Flipkart, Amazon, or KFC issue loyalty points or vouchers, they face several critical limitations:

• Points are typically siloed within one company
• Unused points often expire
• Limited transferability
• No real market value
• High administrative overhead for companies

Spheroid's Revolutionary Loyalty Token Model

Key Differentiators

1. Tradeable Tokens
2. Protocol-Managed Distribution

Example Scenario: KFC Joins Spheroid

• KFC pays a small percentage (2-3%) of transaction value to the protocol
• For every $100 spent, a user receives loyalty tokens
• Tokens are:
  

Technical Flow

Merchant Transaction

• Customer spends $100 at KFC
• KFC pays protocol fee
• Protocol calculates and mints loyalty tokens

Token Distribution

• User receives tokens directly to their wallet
• Tokens can be instantly traded
• No restrictions on usage

Benefits for Stakeholders

• Users: Flexible, valuable loyalty rewards
• Merchants: Lower administrative costs, increased customer engagement
• Protocol: Revenue from transaction fees, ecosystem growth

Comparative Example

Traditional Flipkart Points

• Expires in 1 year
• Only usable on Flipkart
• No transferability
• Zero external value

Spheroid Loyalty Tokens

• Permanent ownership
• Tradeable globally
• Usable across multiple platforms
• Has real market value
• Transparent distribution via blockchain

Protocol Revenue Model

• Transaction fees from merchants
• Small percentage of token trading
• Ecosystem growth incentives

Why Spheroid Matters

• Breaks down web3 entry barriers
• Provides merchant-friendly payment solutions
• Creates a more rewarding transaction experience
• Builds trust through transparent, on-chain records

Vision Statement

Spheroid is more than a payment platform—it's a bridge between the familiar ease of web2 and the innovative potential of web3, all powered by the Mantle blockchain.