Monday, 4 February 2019

MenaPay ICO Review


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We all know that the future is behind "advanced technology". But what is this? Most of us mean IT with this name. Of course, information technology occupies a significant part, but there are many other important fields. Therefore, "advanced technology" will be more accurately defined as the technology that forms new industrial structures with the help of higher quality, more precise production, with less waste and better energy efficiency.

 I present to you today an interesting and different project called MenaPay which is a payment gateway that will replace the old payment method with a completely blockchain-based cryptocurrency that will be based on the ERC-20 smart contract.

 About MenaPay

 Alternative payments refer to payment methods that are used as traditional payment alternatives. Most alternative payment methods discuss the domestic economy or have been developed specifically for electronic commerce and payment systems are generally supported and operated by local banks. Each alternative payment method has a unique application and process completion, language and currency support and is subject to domestic rules and regulations.

 Debit cards also known as bank cards or check cards are plastic cards that provide traditional alternative payment methods for cash when making a purchase. A credit card is a plastic card that provides a cash alternative when making a purchase where the issuer and cardholder enter into an agreement that the debt incurred in the billing account will be paid in full and at maturity.

MenaPay is the first blockchain-based payment gateway that is fully supported in the Middle East and Africa. MenaPay replaces traditional payment methods with cryptocurrency that is fully supported by blockchain. It provides a secure and transparent payment gateway to enable transactions for every aspect of daily life. The MenaPay project began in November 2017 to serve 420 million people, in 18 countries, as their main payment method. MenaPay will distribute 75% of total revenue and profits among MenaPay holders. This creates a new standard in the crypto industry for participatory returns, excluding regular incentives for users and investors.
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We are creating a new standard in the crypto industry for the level of participatory returns, beyond the regular incentives for users and investors.
  • P2P Transactions
  • P2M Peer to Merchant Payments
  • M2F Merchant to Foundation
  • Green Mining

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Solutions for Using Cryptocurrency as a Payment Method

Cryptocurrencies cannot be used in daily life transactions because of their price fluctuations and cash-out concerns. MenaCash, which is 100% backed by USD, will be used as the currency for transactions under the MenaPay platform. 1 MenaCash will always be equal to 1 USD and merchants will be able to make cash-outs from the MenaPay foundation. MenaPay also brings easy-to-use solutions such as desktop and mobile wallets, integration APIs and SDKs, reporting and a management dashboard for merchants, all with Arabic user interfaces.

Solutions to Real Life Problems

Regular banking tools are largely not used in the Middle East and Africa Region due to the conservative practice of Islam and the poor banking system. The region also has a very fragmented structure with multiple currencies. MenaPay brings a 100% Islamic, non-bank digital solution, using blockchain to create a single currency to be used in every day and cross-border transactions.

How to reach 1 Billion USD Market Cap by Mid-2019

Onboarding premium merchants who are offering special discounts only for MenaPay. Reaching 5million active users thanks to premium merchant campaigns and strong local marketing. Building an offline reseller network to allow easy entry to the cryptocurrency world. Acquiring the support of influential creators in the region, such as women in the tech industry, politicians, artists and social entrepreneurs.

Establishing Public Adoption of Cryptocurrency

Apart from accepting 30 major cryptocurrencies, you can buy tokens via bank transfer and credit card or you can pay on the door.

MenaPay Token

MenaCash will be the token that will be used in MenaPay platform which will have the full backing of USD and it will as well be used for transaction in MenaPay platform. It will be used to distribute the revenue and profits entitled to all token holders

MenaPay has put in some features in place to make 1 MenaCash equal to 1 USD which merchants will be able to cash out from MenaPay foundation. 400 Million MenaPay Tokens will be generated and 64% of the coins will belong to the community.

Token details
  • Token: MPAY
  • Price:1MPAY = 0.165 USD
  • Bounty: Available
  • MVP/Prototype: Available
  • Platform: Ethereum
  • Accepting: ETH, BTC
  • Hard cap:25.000.000 USD
  • Country: United Arab Emirates
  • Whitelist/KYC: KYC & Whitelist
  • Restricted areas:–

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Conclusion

MenaPay is the first, fully backed blockchain-based payment gateway in the Middle East and Africa. MenaPay replaces traditional payment methods with a blockchain-based fully backed cryptocurrency. This provides a secure and transparent payment gateway to enable transactions for every aspect of daily life. The MenaPay project was started in November 2017 to serve 420 million people, across 18 countries, as their primary payment method. MenaPay will distribute 75% of total revenue and profit amongst holders of MenaPay. It is creating a new standard in the crypto industry for the level of participatory returns, beyond the regular incentives for users and investors.

For more details, please visit the link below:







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