MoxyOne - Tokens with a real-world valuesteemCreated with Sketch.

in #cryptocurrency6 years ago (edited)

In the crypto world, beautiful concepts are being hatched every day to enhance blockchain’s mainstream adoption.

Someone is always inventing easier ways of doing stuff using cryptocurrencies.

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But if most cryptos can act as currencies, why is it so hard to spend them or trade them for fiat?
Can there be a way of avoiding all the fees that go to exchanges as we move crypto from wallet to wallet before we can use it?
MoxyOne is one hell of a solution for most of these headaches.
And here’s why…

What is MoxyOne?


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First things first…
Only about 1 million bitcoins change hands regularly out of almost a circulating supply of 17 million.
This intriguing immobility of digital money is shared across the blockchain universe.
Not many blockchain solutions remove the difficulty in spending cryptos. And any money that cannot be spent can't grow economies, right?
That is why MoxyOne has endeavoured to ensure that you can spend your satoshis on the go without the need to pay -prohibitive fees and frustratingly long wait-times.

How?


There are several innovative features that come with MoxyOne that make it a ground breaking crypto innovation. Let’s have a look;

1. Branded Debit Cards


Introducing the white labelling concept for branded debit cards, MoxyOne has allowed other cryptos to integrate with its payment system via API technology and therefore offer instant conversions of all cryptos at the point of sale.
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2. Instant Fiat


MoxyOne integrates the Just-In-Time Funding (JITF) protocol and the Liquidity Providers concepts to allow for the instant conversion of crypto to fiat, with negligible fees, at the point of sale. This allows crypto to seamlessly work with fiat and for people to maintain zero balances in their debit cards.

3. Instant transactions


Running on the Raiden network allows micro-transactions to be recorded and to proceed off-chain at lightning speeds. All ya shopper to do is select the crypto you want to shop with, and it will be instantly converted to fiat, which will pay the merchant for the goods or services.

4. The SPEND Token


SPEND will allow for payment of fees within the MoxyOne network. It can also be used as a means of exchange just like any other cryptocurrency.

5. MoxyAI


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This is one of the more advanced features that allow a MoxyOne wallet holder make informed choices of the best alternative during purchases.
MoxyAI will be able to, for example, advise a user on the best performing crypto at point-of-sale so that they get value for money.
For example, the mobile application will tell you to hold on to your bitcoin and use LTC instead if LTC is currently outperforming bitcoin on the world market.

Why should we be excited?


There has been a lot of exploitation of mobile money users due to limited options to access money on the go. But MoxyOne is going to remove this pain by giving us access to our money in whatever form, at negligible costs, instantly.

It will now be possible to send money instantly to anyone in the world, and they can access it in the local fiat at lightning speed.

This is revolutionary. It means that there is a major customer-focused money transfer shake-up in the offing that will spur economies in ways that we have not seen before.

Any Competition so far?


TenX(PAY) has a similar proposal to what MoxyOne is doing.
But with a huge difference;
TenX has only debuted its operations with several major cryptos like Bitcoin, Bitcoin Cash, Dash and Ether, while MoxyOne is immediately capable of handling hundreds of tokens and coins, so long as the token owners are in partnership with MoxyOne!

Final Thoughts


Rather than compete with other blockchains, MoxyOne aims to enhance the use of cryptocurrencies through seamless crypto-fiat interchanges on a street level point-of-sale format that is stupendous in its simplicity and potential power.

With highly convenient and versatile features such as the branded debit cards, a wallet system and virtual debit cards, it is now possible to carry out intra-ecosystem and real-world money exchange easily, across borders.

All you need to do is integrate your token, acquire its white-labelled branded debit card and you’re your business ecosystem can now use your, or get fiat super-fast!
When buying SPEND, note that it is a cryptocurrency and it is as risky as any other crypto, so this is not investment advice.

Token Sale Detail


Begins : 14 March 2018, 01:00 UTC
Ends : 14 April 2018, 01:00 UTC
Token Abbreviation : SPEND
Token price : 1 ETH = 1000 SPEND
Minimum Transaction Amount : 0.01 ETH

Bonuses


First 24 hours = 40% [1 ETH = 1400 SPEND]
Week 1 = 12.5% [1 ETH = 1125 SPEND]
Week 2 = 11.5% [1 ETH = 1115 SPEND]
Week 3 = 10% [1 ETH = 1100 SPEND]
No bonuses thereafter.

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Hey @hunnykaushal Great article.

We are having a STEEMIT competition for MOXYONE, why not adding your link there in the comments!

https://steemit.com/cryptocurrency/@moworks/sponsored-writing-contest-moxyone-win-sbd

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