MenaPay: ICO Review

adnanzeal (38)in #ico • 6 years ago

MenaPay is the first non-bank digital payment gateway fully based on the blockchain technology; it is fully supported in the region of Middle East and North Africa (MENA).

MenaPay is designed in such a way that it will solve the problems of traditional banking or payment system and for those people who do not prefer bank or its products such as debit or credit cards due to their religious belief; MenaPay will provide an easy, fast and secure payment solution. MenaPay will make life easier for its users and digitize the payment in all areas of daily usage.

Token Economy:

MenaPay platform will be backed by MeanPay Token and MenaCash, issued for different purposes on the platform.
MenaPay is a utility token which will be used to distribute the revenue share of the platform between its holders. MenaPay token will be issued in limited number of 400 million, and 64% of the total token which is around 256 million will be used for sale in ICO, and will be owned by the public. During ICO period only confirmed users in the whitelist who have completed the KYC process can purchase the MenaPay token from its website https://menapay.io by using different methods of payment.

MenaCash will be used for daily transaction purposes and it is a stable cryptocurrency of the MenaPay platform. The transactions will be held between users, merchants, and foundation. Through MenaCash users would be able to transact as P2P (Peer to Peer), P2M (Peer to Merchant) and for conversion of MenaCash to fiat there is M2F (Merchant to Foundation) transaction. There will be MenaChain private blockchain on which MenaCash will be generated in order to assure more secure and fast transaction between its users.

ICO Info:

Ticker: Mpay
Total Tokens: 400 Million
Tokens to be sold: 256 million
Soft Cap Target: USD 5 Million
Hard Cap Target: USD 25 Million
Accepted method of payment: ETH, BTC, LTC, BCH, WAVES, USD, EURO, WON
Token Standard: Ethereum ERC-20 standard