REVIEW PROJECT AMEPAY-CREATING A UNIVERSAL DIGITAL CURRENCY FOR ALL COUNTRIES

boahancock888 (26)in #amepay • 4 years ago (edited)

INTRODUCTION

Payments can be made in so many ways in the analogue world and having translated to the digital world, payments making has become a lot easier and even at that, there is always a way to make something good even better which is why the blockchain is consulted and deployed to have everyone enjoy simple and fast payments through the use of AMEPAY which is a very reliable payment platform formed on the blockchain.

WHAT IS AMEPAY ?

AMEPAY is an innovation for payment that is actually very simple and straightforward as it is intertwined with the blockchain and also makes use of other technologies that gives it an edge above all other platforms. It is also very fast in operation, this is made so in a bid to make it more convenient and secure for the users to use it and achieve their aims for using it. One of the interesting activities of this platform is the Token sale of its AME token which is primarily the fundamental token for making payments in the AMEPAY network.

The AME token happens to be one of the products of this platform and asides that, it has provided other products and they all function to make it a dependable platform. It has also launched its live DEMO which displays how it works and all other features of the system which users must know about.

In the demo, you will have a view of then platform for what it is and also get to know the benefits that can be derived from it such that both the buyers and sellers know what to look out for as they use the platform.

MISSION

AMEPAY is on an expedition to innovate the digital payments landscape by assuming a consumer and business-centric approach. Our efforts will be powered by a blockchain-backed platform and dedicated cryptocurrency. This will offer our users a decentralized marketplace, where they can execute payments easily without compromising their security or incurring additional costs.

VISION
We have identified six spheres of growth in the existing digital payments ecosystem:

• Simple crypto-to-crypto and crypto-to-fiat settlements

• Accessible blockchain and cryptocurrency integration

• Compact and versatile POS module

• Inexpensive cross-border options

• Tokenized loyalty program

• Decentralized Ecommerce marketplace.

Our efforts in the coming years will be directed towards realizing the aforementioned opportunities.

Edicated dashboards for Customers and Merchants, allowing them to manage their accounts efficiently

Multi-currency support for different crypto and fiat currencies

1-Enables easy liquidity (deposit/withdrawal)

2-Allows P2P fund transfers

3-In-built incentive program support

4-Portfolio dashboard for both customers and merchant

5-Generate paper wallet codes

6-Create multiple wallet addresses

AMEPAY ECOSYSTEM
The AMEPAY ecosystem mainly consists these groups of stakeholders - customers, merchants, and payment aggregators. The interactions between the three will account for a significant amount of transactions executed within the AMEPAY network.

CUSTOMERS

Customers will be the primary beneficiaries as they will be shielded against the risk of fraud emanating from malicious online transactions. AMEPAY is keen on becoming a preferred go-to payment option for customers around the world. Through an in-built loyalty program, AMEPAY will enthuse customers to use the AME token and earn rewards in the process.

An exciting loyalty program

Instant cashback

Execution of payments in cryptocurrency of their choice

Opportunity to purchase prepaid AME gift cards

Transferring funds to other users, cross-border payments, remittances etc

MERCHANTS
Amepay will help small and medium-sized enterprises digitize their enterprise, expand their business globally and become a part of the cryptocurrency ecosystem.

Payment Aggregators
The AMEPAY infrastructure will also become available as a SaaS product. Interested parties can approach us and request a license to integrate AMEPAY into their payment gateway. By doing so, external payment aggregators can earn steady returns in the form of commissions and fees by simply infusing the AMEPAY solution into their platform.

Hassle-free entry into the cryptocurrency sector

Earn regular revenue through commissions and transaction fees

Appeal to a niche, but sizable group of seasoned cryptocurrency users

AME TOKEN
AMEPAY mints the AME tokens.This token is built using the Ethereum-based ERC-20 protocol and will serve as the primary currency for all payments and transactions executed on the AMEPAY network.

The AME token can be used for a variety of purposes,including:

▪️ B2B fund transfers

▪️ B2C fund transfers

▪️ C2C fund transfers

▪️ Cross-border transactions

▪️ Loyalty program

▪️ Capital appreciation

▪️ Trading

Token Details
▪️ TOKEN NAME: AME

▪️ TOKEN TYPE: ERC-20 (Ethereum-based)

▪️ DECIMAL SUPPORT: Upto 18 places

▪️ TOTAL TOKEN SUPPLY: 1,500,000,000 (1.5 Billion)

▪️ TOKENS FOR SALE (42%): 630,000,000 (630 Million)

▪️ TOKEN PRICE (in USD): 1 AME = $0.02 (2 cents)

▪️ HARD CAP (in USD): $12,600,000 (USD 12.6 Million)

▪️ ACCEPTED PAYMENT METHODS: BTC, ETH, XRP

Token Allocation
Token Sale (Private & Public): 42%
Rewards: 30%
Founder Team: 12%
Marketing & Advisory: 10%
Reserved for Development: 6%

Fund Utilization
Platform & Core Product Development: 55%
Marketing & Business Development: 10%
Operations: 10%
Exchange Listing: 10%
Reserve: 8%
Legal: 7%

AMEPAY'S TRANSACTIONS

The first thing to know about the transactions done in AMEPAY is that it is very quick. Another thing is that it rewards all its users and make them able to make them able to purchase whatever they want to purchase form any store through this platform and the use of AME token.

The platform is available for all global users and it gives those who haven't use the digital network to adopt the digital way of operating their businesses to reach customers globally and also get to be provide top-notch services to their clients. Simplicity is also a virtue of this platform. This is what makes it useful to all categories of users such that it can be used from any device where on mobile phones or PC devices. It is also going to be fast regardless of the location of the users.

CONCLUSION

Amepay will introduce a new concept of rewarding all users investing into it and will eliminate all risks and high costs involved in making payments to make the platform very conducive for users. They will begin to find it more interesting to make payments digitally with accurate speed and less cost. The solutions uses the ethereum blockchain and that is also the case for all the operations to an end that all operations are done transparently.