# Home

## The Web3 Payment Infrastructure for SEA QR Commerce

Terminus is building the bridge between crypto liquidity and real-world commerce in Southeast Asia. It enables users to spend crypto through existing QR payment rails while merchants continue to receive local fiat with no merchant-side workflow change.

> This documentation hub contains the official Terminus whitepaper, network thesis, product architecture, token design, governance framework, and roadmap.

## Start Here

| If you want to understand...                   | Start with                                                                                                                                                                                                                 |
| ---------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| the full project in one pass                   | [Executive Summary](https://terminus-1.gitbook.io/terminus-docs/start-here/executive-summary)                                                                                                                              |
| why Southeast Asia is the right launch market  | [Why Southeast Asia](https://terminus-1.gitbook.io/terminus-docs/market-thesis/why-southeast-asia)                                                                                                                         |
| how the payment flow actually works            | [How Terminus Works](https://terminus-1.gitbook.io/terminus-docs/product-and-infrastructure/how-terminus-works)                                                                                                            |
| the token thesis and allocation model          | [TMNS Token Thesis](https://terminus-1.gitbook.io/terminus-docs/token-and-value-accrual/tmns-token-thesis) and [Tokenomics](https://terminus-1.gitbook.io/terminus-docs/token-and-value-accrual/tokenomics)                |
| how the project scales from product to network | [Terminus Payment Association](https://terminus-1.gitbook.io/terminus-docs/ecosystem-and-network/terminus-payment-association) and [Roadmap](https://terminus-1.gitbook.io/terminus-docs/governance-and-execution/roadmap) |

## At a Glance

* Live markets: Thailand and Vietnam
* Product surface: Terminus
* Merchant outcome: local fiat settlement
* Merchant requirement: no new QR code, no new POS, no crypto operations
* Partner role of AEON: integrated crypto payment channel, not user entry point
* Token placeholder: `TMNS`
* Token role: ecosystem incentive token
* Strategic horizon: broader exchange, wallet, and `x402`-aligned ecosystem expansion

## Core Thesis

Crypto has already achieved distribution. The open question is whether it can achieve everyday utility.

Terminus is designed to answer that question by connecting crypto balances to the QR payment rails already used across Southeast Asia. Rather than asking merchants to adopt crypto-native workflows, Terminus routes crypto-funded demand into the settlement systems merchants already trust.

This gives the network a three-layer shape:

* `Product Layer` a user-facing payment experience that turns crypto balances into real offline spending power
* `Infrastructure Layer` a routing, conversion, and settlement stack that connects digital assets to local QR rails
* `Network Layer` a tokenized ecosystem, supported by `TMNS` and the Terminus Payment Association, designed to coordinate growth over time

```mermaid
flowchart LR
    A["Crypto Liquidity"] --> B["Terminus Product"]
    B --> C["Routing, Conversion, and Settlement"]
    C --> D["SEA QR Payment Rails"]
    D --> E["Merchant Receives Local Fiat"]
    B --> F["TMNS Incentive Layer"]
    F --> G["Users, Partners, and Community"]
    G --> B
```

## Reading Paths

### For Community and Token Holders

* [Executive Summary](https://terminus-1.gitbook.io/terminus-docs/start-here/executive-summary)
* [Traction and Market Validation](https://terminus-1.gitbook.io/terminus-docs/market-thesis/traction-and-market-validation)
* [TMNS Token Thesis](https://terminus-1.gitbook.io/terminus-docs/token-and-value-accrual/tmns-token-thesis)
* [Tokenomics](https://terminus-1.gitbook.io/terminus-docs/token-and-value-accrual/tokenomics)
* [Value Accrual Model](https://terminus-1.gitbook.io/terminus-docs/token-and-value-accrual/value-accrual-model)
* [Roadmap](https://terminus-1.gitbook.io/terminus-docs/governance-and-execution/roadmap)

### For Partners and Operators

* [Why Southeast Asia](https://terminus-1.gitbook.io/terminus-docs/market-thesis/why-southeast-asia)
* [Product Overview](https://terminus-1.gitbook.io/terminus-docs/product-and-infrastructure/product-overview)
* [Merchant Experience](https://terminus-1.gitbook.io/terminus-docs/product-and-infrastructure/merchant-experience)
* [How Terminus Works](https://terminus-1.gitbook.io/terminus-docs/product-and-infrastructure/how-terminus-works)
* [Technology and Infrastructure](https://terminus-1.gitbook.io/terminus-docs/product-and-infrastructure/technology-and-infrastructure)
* [Go-To-Market Strategy](https://terminus-1.gitbook.io/terminus-docs/product-and-infrastructure/go-to-market-strategy)

### For Governance and Ecosystem Readers

* [Terminus Payment Association](https://terminus-1.gitbook.io/terminus-docs/ecosystem-and-network/terminus-payment-association)
* [Strategic Ecosystem and Future Integrations](https://terminus-1.gitbook.io/terminus-docs/ecosystem-and-network/strategic-ecosystem-and-future-integrations)
* [Governance](https://terminus-1.gitbook.io/terminus-docs/governance-and-execution/governance)
* [Use of Proceeds](https://terminus-1.gitbook.io/terminus-docs/governance-and-execution/use-of-proceeds)
* [Risk Factors](https://terminus-1.gitbook.io/terminus-docs/governance-and-execution/risk-factors)

## Documentation Map

The GitBook navigation is organized by theme:

* `Start Here` home and executive summary
* `Market Thesis` vision, problem, regional logic, positioning, and traction
* `Product and Infrastructure` user flow, merchant flow, system architecture, go-to-market, and business model
* `Ecosystem and Network` association design and strategic integrations
* `Token and Value Accrual` `TMNS` thesis, utility, tokenomics, and value capture
* `Governance and Execution` governance, roadmap, capital deployment, risks, and conclusion

## Full Table of Contents

See [SUMMARY.md](https://github.com/terminus-network/terminus_docs/blob/main/SUMMARY.md).
