1. Introduction

PADO (Paradise Digital Oasis) is a global project that combines Thailand’s extensive tourism infrastructure with cutting-edge blockchain technology to provide innovative financial and tourism experiences for digital asset holders, including tourists and investors. PADO goes beyond simply integrating cryptocurrency payments—it aims to transform Thailand into a crypto-friendly tourism hub and establish itself as a central player in the global digital economy.

Challenges Addressed by PADO:

1. Limitations of Traditional Financial Systems:

Conventional financial systems fail to provide tailored services for cryptocurrency asset holders, such as VIP privileges or real-world asset utilization. Many crypto holders lack opportunities to effectively use their digital assets in the physical economy.

2. Volatility in Cryptocurrency Payments:

Cryptocurrencies like Bitcoin exhibit high price volatility, making them impractical as an everyday payment method. Sudden price fluctuations can make transactions unstable for both merchants and consumers. Payments made with cryptocurrency can experience price swings of over 10% within a short period, presenting risks beyond simple transaction fee savings.

3. Regulatory and Asset Conversion Complexity:

Governments do not universally recognize cryptocurrencies as legal tender. As a result, users must navigate complex processes involving graded classifications and conversions to fiat currency.

PADO's Solutions:

Innovative Payment System:

PADO integrates a proprietary payment network with existing card payment infrastructures to create a hybrid payment system supporting both cryptocurrencies and traditional methods. The system uses THBP (Thai Baht PADO), an internal settlement token, which is automatically generated upon payment request and burned after settlement, minimizing price volatility risks. Additionally, a Payment Stabilization Pool (PSP) is implemented to hedge short-term risks from payment approval to THBP conversion.

VIP Membership Model:

Based on deposits and staking of major cryptocurrencies like Bitcoin and Ethereum, PADO offers NFT-based VIP memberships (Silver, Gold, Platinum, and Black). High-net-worth individuals receive premium benefits such as hotel upgrades, private tours, and VIP lounge access.

Facilitating Global Cryptocurrency Use:

PADO is launching a Bitcoin payment pilot program in Phuket, one of Thailand’s top tourist destinations. This initiative enables global crypto holders to use their assets for payments at hotels, restaurants, shopping malls, and other venues, demonstrating that cryptocurrencies can serve as more than just speculative investment assets.

Attracting Major Cryptocurrencies & Boosting the Economy:

PADO aims to attract significant cryptocurrency reserves (e.g., Bitcoin and Ethereum) into Thailand, treating them similarly to foreign exchange reserves. By encouraging long-term stays of crypto investors and fostering high-end service usage, PADO contributes to the growth of both the tourism industry and the national economy.

Key Objectives of PADO:

1. Attracting Global Crypto Holders:

Through VIP services based on Bitcoin and Ethereum, PADO seeks to draw international cryptocurrency investors to Thailand.

2. Providing an Innovative Payment Experience:

By integrating proprietary and traditional payment networks, PADO ensures seamless crypto usability in everyday transactions.

3. Digital Transformation of the Thai Tourism Industry:

By merging tourism and financial services into a digital ecosystem, PADO strengthens Thailand’s competitiveness in the global tourism sector.

4. Establishing the PADO Token Economy:

A sustainable economic model is designed through staking, NFT memberships, and fee-burning mechanisms.

PADO represents a groundbreaking initiative that bridges Thailand’s tourism industry with blockchain technology, making cryptocurrency a viable real-world financial instrument. By eliminating the inefficiencies of traditional payment systems (cash, credit cards, and currency exchange) and attracting global cryptocurrency capital, PADO is positioning Thailand as a premier crypto-friendly tourism destination.

Through PADO tokens, the PADO Wallet App, IC cards, NFT memberships, and staking programs, the platform delivers new value to tourists, merchants, and investors alike, ushering in a new era for Thailand’s tourism industry.