Hi guys Today im goin to talk u guys about MENAPAY.
But first we have to talk about what is Mena. Mena is the acronym of Middle east and North africa
its composed by these countries, each one with different currencies.
Menapay is the first blockchain platform made for make easier the way of doing business in those countries by following the three main islam statements for doing business.
1-Interest is prohibited. People can not generate profit via interest.
2-There should be at least 2 witnesses to approve any debt transaction
between 2 parties.
3-Earning money via money is allowed if and only if people invest in a real
working business and/or asset.
In the blockchain platform we need at least 3 parties to confirm a transaction.
Menapay would be a utility token and 400 million tokens will be issued and of those 64% (256 million) would be owned by the public.
Those owner of menapay tokens would get part of the platform revenue (the 75 % of thew platform profit would be shared with the holders of the token depending in how much tokens do they have)
You can get them from their official link
To resolve the problem of the blockchain token price volatily the proyect would be release stable token named MENACASH their price will be always 1 USD and his principal function would be to be used for transaction between :
1-PEER to PEER
2-PEER to MERCHANT
3-Authorized merchant to the menapay foundation to change their MENACASH to FIAT.
Theres a lot more to know about this new platform and if it is interesting for you i can keep sharing information with you. Just let me know
i leave you the official telegram group link
The official link to their whitepaper
And finally the ANN in bitcointalk