Menapay is a very interesting ICO

tariokta (10)in #menapay • 6 years ago

Menapay is a very interesting ICO, it is very ambitious and broad in scope. It has similarities to other projects the most prominent being Omisego. It is a little more focused on a specific geographic location, the Middle East and Africa. It's looking to be the payment gateway for 420 million people across 18 countries in that region. Menapay has an ace up it's sleeve in this regard as it is a 100% Islamic compliant non-bank digital solution.
The campaign for the bounty of the programs allocated 500 thousand dollars. The campaign began on August 17, will be held for at least 8 weeks. Distribution of funds:
• 15% pool of Twitter;
• 10% allocated for support in the FB;
• 10% support pool in Telegrams;
• 25% of the blogosphere and media programs;
• 5% of the campaign of translators;
• 35% subscription campaigns.
The launch of the application, all systems is planned for September, and the main sales will be held later – in November. In January 2019, the merchant will be connected. In April, it is planned to launch face recognition technology for an additional level of transaction security. And, in May the project plans to reach 5 million users! In June, the overall market of the system should reach the level of $ 1 billion. In December, the company will launch P2P lending opportunities and include AI in the work.
The company is based in Dubai (UAE), one of the richest cities in the world. A large team of experienced specialists is working on its creation. It is too early to draw conclusions whether the company will succeed in achieving its goals, conducting sales will only take a few months. However, the high potential of the project is obvious.
Menapay is a cryptocurrency that replaces the traditional payment (cash payment) transactions which makes it one to recon. Menapay is backed by USDS reserves, which enable menacash currency transactions avoid fluctuations unlike other cryptocurrencies. For example, other Cryptocurrencies cannot be used in daily life because of fluctuations and cash-out concern prices. The menacash token is equal to 1 USD and individuals can be able to make transactions anytime daily in cash from the menapay platform has a token distribution, which is shared into a percentage like distribution: This means, 16% goes to the Team Advisors, 64% goes to the Public Contributors, 15% goes to the marketing bounty and finally 5% goes to the mining reserve.
The innovations of the menacash cryptocurrency is stable and can work privately with the blockchain solution in order to remove volatility and guarantee transactions faster than old-fashioned financial instruments. The menacash innovation also provides secure and clear payment transactions by solving the problems of issues in payment method. The menapay would be built on the Ethereum blockchain. This Menapay token is called menacash is an ERC -20 token. The menapay token (menacash) would be tradeable and will be used to distribute the majority of the revenue. Menacash would also be used to distribute the profits of the menapay company and the menacash token will be available for crowdsale.
Funding the menapay project will be obtained from the public Token sale (ICO) that will start in November. The total number of the menacash token that will be generated is 400 million of which 256 miilion tokens will be offered for token sales. The menapay company has drafted all functionality that the project will need and a soft cap of $5 million and hard cap of $25 million have been set. The actual initial coin offering(ICO) price is $ 0.165 for each token and if unsold tokens remain during ICO, to give the menacash token the stability it needs.