Menapay — The first revolutionary fully-integrated blockchain-based payment gateway for Middle East and Africa.
Good morning everyone! I am so excited to introduce you guys one of the most promising and innovative project in the cryptocurrency space. By the way, I am one of the cryptocurrency blogger that blogs promising projects as well as those that I know will benefit the world.
Let me introduce you Menapay. This ICO cryptocurrency project will benefit the Middle east as well as the African region. You may ask, why Middle East and Africa? First and foremost, the Middle East’s strict conventional laws when it comes to banking takes place which is also called as Sharia law. Making it more conservative when it comes to the banking system and laws when it comes to estate laws and money laws. For Africa, we all know that even though they are the world’s last frontier, which has lands not being touched by human’s hands, they have a large contribution of produce for the world. Not only in terms of agricultural products but also in manpower. Cacao and primary agricultural products are their primary source of income. The problem is the lack of education when it comes to banking as well as the technology being implemented in the African region.
What would be the solution to the problems of these 2 countries/continents? There’s where it comes Menapay. The Menapay will replace the traditional methods of transactions in these 2 regions. By integrating blockchain in the scene, it will not only help boost the directness of merchants from these 2 countries but will also propel them to advancement in technology wherein the buyer and the sellers will be able to exchange goods and payments without the need of intermediary parties/3rd party escrow managing the transactions. Having the fees became insignificant and allowing the process of transactions from days to just minutes or even seconds! That is the power of Menapay blockchain.
Menapay features and how it works:
So let me elaborate what’s on how the Menapay structure and blockchain works:
With Menapay, it removes all of these extra intermediary parties resulting in a direct exchange between a merchant and a customer resulting to the next image.
Peer-to-peer transactions → When we say peer to peer transactions, these are what you see as individual users in the chart where they could exchange the Cryptocurrency running in the Menapay also called as Menapay tokens and Menacash. The Menacash is running in the Ethereum blockchain but in terms of security features, it runs on its own blockchain. The Menacash is like the Tether of the Menapay blockchain which is where 1 Menacash will always be equal to 1 USD. While the Menapay tokens will run the ERC 20 compliance and could be traded in the other exchanges as well. We could assume that the Menapay team will be able to run their own blockchain in the near future integrating the security and swiftness of the Menapay blockchain.
Peer-to-Merchants transactions → This is where it comes what I was talking about awhile ago about the buyers and the sellers. There would be no more middle-man handling the products and transactions. It is direct and a transaction built on trust of the seller and the buyer. No more huge fees to consider and no more overheads. This will benefit the farmers in Africa as well as the Islamic region in the Middle East.
Merchant-to-Foundation transaction→ This shows here wherein the Menapay coalition takes place. The Menapay foundation acts as the one that is a decentralized foundation wherein the participating merchant asks for the cash-out requests and commissions for using the Menapay blockchain. All will be winners in this kind of ecosystem!
Green Mining → This is an interesting part of the Menapay blockchain and its ecosystem. When we say Green mining, this is the part of the Menapay blockchain being rewarded to users utilizing from a peer individual to a merchant transaction. With this concept, a proof-of-work is already made as well as encouraging other merchants and users to use this type of mining process. No more huge electricity costs to mint a token and get rewarded as well!
Product specifications:
A. Menapay dashboard → Having a quite nice dashboard for the merchants as well as the users lets you feel that you do not need to be a techie to use the Menapay blockchain. And with using this, you will already feel you are a techie and advanced!
B. Mobile application integrated to different exchanges and account validation → With Menapay’s decentralized solutions, it will make the transactions with other crypto exchanges a breeze.
C. Arabic-language support → Being a concept of internationalization, Menapay uses the multi-language support for the needs of our friends in the Middle East.
There is a huge market for the Middle East as almost 90% are still unbanked as well as in the African region. It will bring lots of revenue to the community as well as bringing them the cryptocurrency revolution and have them the chance to change their lives for the benefit of the future generations.
Roadmap
We as either a user or investor want to see the projects upcoming for the Menapay blockchain. Let me talk some of their upcoming features for this project:
August 2018 →As of today, the Menapay are doing the transaction testings around the blockchain to ensure the security as well as the infrastructure of the blockchain.September-October 2018 → The beta testing and launching of the mobile app of Menapay.By the 4th quarter of 2018, here comes the exciting part, the ICO part where we could have a chance to have Menapay tokens! For the ICO, visit their website: https://www.menapay.io/ As well as being it listed on top exchanges. Wherein we could either sell or buy Menapay tokens!
1st quarter of 2019 → After being listed on the exchange and a successful ICO, this is where the 50 merchants that will participate in the Menapay ecosystem will show up! And for your information guys, they already signed up with the Menapay team as well!
2nd to 3rd quarter of 2019 → It can be seen that this team has a real vision for this project as they want to create a huge user-base for the Menapay community Reaching 5 million Menapay users. Not only that, They will build 5 MENA offices around the world and support 10 more languages for the Menapay mobile app and integrations.
With all of these upcoming features of Menapay, and upcoming success, there will come a time where in the participating merchants will come to 1000+ or even more. It will be like a cooperative way to support and sustain the platform. AI will be an integral part of this platform project. What would be exciting is the part wherein there would be P2P lending wherein people could help other people uplift their lives using Menapay.
Founders and Team of Menapay
Lead by Burak Balik and founders and advisors, I have seen their accounts from their social media and Linkedin accounts that they are having almost own specializations when it comes to cryptocurrency market and other fields of industries as well. Making them have the best decision-making in terms of finance and developments in the roadmap.
ICO and Token price details:
As you can see guys, there will be 400 million Menapay to be issued and 265 M for sale. This is where the ‘golden bracket’ of cryptocurrency sale is. This is where the token is not that too much bloated and not too small. Just the right amount to have massive growth for the community and investors. With the unsold tokens being burned, it will make sure that the price will for sure go up as well.
For more details about Menapay, you may visit their website and check their onepager and social media channels as well:
Website: https://www.menapay.io/
One-pager: https://www.menapay.io/onepager.pdf
Medium: https://medium.com/menapay
Instagram: https://www.instagram.com/menapay/
Facebook: https://www.facebook.com/menapayio
Telegram: https://t.me/MenaPay
Twitter: https://twitter.com/menapayio
Youtube: https://www.youtube.com/channel/UC56eU1zaQh2S8k7TB4S2RjA
Thank you very much guys for reading my blog post for today! This is your crypto blogger again Francis. Have a nice day to you all!