Early project sharing, extremely high risk, very likely to go to zero!
For example, if you are a boss and you've created a paid API: 'Enter ID card, I'll check your credit once for you, 1 yuan per check.'
How does a normal Web2 approach this?
1. User first registers an account on your website
2. Top up 100 yuan first
3. Deduct 1 yuan, then provide the result
This is called 'pay first, use later,' which is troublesome, and users need to have a balance first.
What #Facora wants to do is:
Users directly call your API, and you directly say:
'This API costs 1 yuan. I have several service providers here who can 'pay for you + cover your traffic costs.' Choose one, they pay for you, and I'll immediately give you the result.'
Users don't need to top up first, nor do they need a balance, it's like 'cash on delivery.'
#Facora = A 'password-free + facilitated payment' middleware layer for 'pay-per-use APIs,' allowing users to get the data without topping up first or paying channel fees themselves. However, its settlement is on-chain and uses BNB.
Is the relationship between Facora and the x402 protocol deeply bound?
Coinbase launched #x402, saying: In the future, if an API charges a fee, use my 402 Payment Required format to negotiate prices, pay, and unlock content. It's like a 'delivery platform's rulebook.'
#Facora's homepage clearly states: 'The decentralized facilitator layer for x402,' meaning: it's not inventing a new protocol, but specifically a decentralized 'payment facilitation layer' for x402 to run orders on BNB. (A bit like third-party payment in China 😉)
Why is it needed?
Because many #x402 processes currently have only one facilitator, which is very fragile.
Officials also said: Most x402 processes currently 'only trust one facilitator.' If this one goes down/refuses payment, your entire link breaks.
#Facora says: Then I'll create a payment facilitation market with several providers, requiring staking, and allowing slashing, to avoid single points of failure. This is Facora's value proposition.
In Web2 terms: #x402 is like the standard 'I support WeChat/Alipay paid articles'; Facora is like 'I'll bring in a bunch of third-party payment service providers so you can actually pay, and even compare prices.'
CA: 0x221d0c63862b28c303950ee22eb40963d8124444
