SGPay by Blockchain Capital Pte. Ltd.
Welcome to SGPay, world’s first transformative platform for mainstreaming cryptocurrencies
What is SGPay?
SGPay is an ICO project that combines fiat and virtual currency into a seamless wallet experience. This service is one simple platform that allows users to complete a myriad of tasks. Users can use a variety of SGPay services, buy and sell crypto, and make e-payment using their credit card.
SGPay combines tokens and platforms to do just about anything — from debit and credit card payments to fiat and crypto e-wallets — in the same location.
The biggest advantage of SGPay is the ability to manage and perform all your daily transactions using one app. SGPay makes it easy for users to manage some of their background crypto no matter your location and gives you the ability to trade on the platform itself.
What is SGPay Token
The SGPay Token is a brand compatible with ERC20 on the Ethereal blockade, e-wallet and e-payment platform for all people living in Singapore and Southeast Asia. There are many things you can do with the SGPay platform like paying for your groceries, buying movie tickets, ordering flights and more with SGPay. You can also choose payment options either in currency or cryptocurrency in selected merchants and incentives such as low transaction costs when buying or selling crypto on the SGPay platform.
What is SGPay Solution?
The current problem with E-payment industry is caused by some mechanical deficiencies in the system. First, people can not send money to other users quickly. On average, it can take up to 3 days to send payments using a traditional platform.
Second, E payment can increase the cost at a very high rate. On some occasions, the company will charge up to 10% for each transaction. This can cause some users to become frustrated with the platform and look for better alternatives.
SGPay’s solution is to create a platform where users can buy and sell cryptocurrency without having to wait for a long processing time.
And, SGPay gives users more diversity and payment options in Asia and Singapore. This reduces the likelihood of e-wallets gaining monopoly power and setting unfavorable requirements for users.
Finally, SGPay will allow the use of cryptocurrency to make regional payments. Doing so will appeal to users who already know how to use the e-payment application. Now crypto is supported and promoted on popular apps, it will increase overall usage.
Full Feature Set
- Accessible from mobile devices on Android and Apple iOS
- Tokens are decentralized in blockchain
- The ‘Cold-Storage’ style wallet protects up to 99% of the crypto assets stored with us
- Support for transactions involving cryptocurrencies such as Network Token SGPay, Bitcoin, Ether
- Support for deposit / withdrawal of Singapore Dollar
- API is built to support merchant and user exchange
- Full access to users above their private key (platform will not save key)
- Support for debit and credit cards during the e-payment phase
- Deep integration with industry leaders from the fields of Insurance, Travel and others
- Monetized reward systems built into the platform
- Support for locally developed cryptocurrencies such as Kyber Network Crystals, Zilliqa Tokens and more.
SGPay Makes Main Public Token Event More Accessible For The Masses
Responding to popular feedback from its successful Pre-Token Generation Event [TGE], wallet platform SGPay has reduced the requirements needed to participate in its main token event which is scheduled to start in exactly 12 hours.
- We have took the feedback we have received from our Pre-TGE and implemented several steps taken to address the outstanding issues” said Mr Deng Guangyuan, Founder of SGPay.
In addition to lowering the recommended minimum contribution for our project we will also be reducing the recommended maximum limit for contributions. This keeps our business philosophy in line with our beliefs — which is always to value our normal contributors first. We have not sold out to huge institutional funds, nor give obscene bonuses to pools. This is a small contributor-friendly and community-based project and will remain so.
In addition, SGPay is also scheduled to release its MVP by March 2018, which will have Peer To Peer (P2P) cryptocurrency functionality in its platform. More features are expected to be added during the coming phases.
Funds raised by the distribution of SGP Tokens during the TGE period will be used to develop and launch the platform by the first half of this year. There will also be an aggressive marketing drive by the team to on-board its core users and expand to the much bigger payments field after. Additional advisors and team members, as well as partners are expected to join SGPay in the next few months.
The target for this TGE is to raise 4,411 ETH which will help fund expansion of our platform to 5,000,000 users in Singapore, Malaysia, Vietnam and other Asian markets. The projected cost of development will be about US$2,000,000 with operational and marketing expenses taking up the rest of the funding. SGPay also expects to raise any shortfall in token funding from minority equity partnerships. SGPay expects to generate a profit from partnerships being offered on the platform in addition to cryptocurrency transaction fees charged on the platform.
The SGPay TGE is scheduled to last from March 1st to March 31st and will have 8,000,000 SGP Tokens priced at US$0.50 each up for offer. The project will retain a relatively small maximum possible market capitalisation of up to US$5 million in contrast to other projects out there.
About SGPay
SGPay is a payment solutions start-up that aims to make transacting cryptocurrency as easily available as e-payments currently are in the Asia-Pacific Region. SGPay will enable a broad cross section of consumers and to ride a concurrent cryptocurrency and e-payments wave in the region. The platform will have e-payment, QR code payment, and integrated services functionality. The SGPay TGE will provide funding for platform development, marketing and operational expenses for the next 5 years. Blockchain Capital Pte. Ltd. is the holding company behind SGPay and was founded in September 2017 and registered in the Republic of Singapore.
Review Token
SGPay Token is an ERC20 compatible token on the Ethereal block. These are promoted and used in SGPay, related business platforms and partner merchant outlets. Token holders enjoy various incentives such as low transaction costs when buying or selling crypto on the SGPay platform.
Launch Summary
- Token Name: SGPay Token [SGP]
- Total Provide: Up to 13.8 million
- Total General Supply: Up to 10 million
- Pre-Donation Period: 1 February — 14 February 2018
- Pre-Contribution Offer: 2 million tokens @ US $ 0.40 each
- Main Contribution Period: 1 Mar to 31 March 2018
- Main Contribution: 8 million tokens @ US $ 0.50 each
- Soft Cap: US $ 0.8 million
- Implied Market Cap: Up to US $ 4.8 million
- Minimum Contribution: 1 ET
- Maximum Contribution: 100 ETH
- Currency received: Ether (ETH)
- KYC / Whitelisting: Yes
Token Sale Information
- Payment Accepted: ETH
- Pre Sale: February 1, 2018 — February 14, 2018
- Main Token For Sale: March 1, 2018–31 March 2018
- Maximum Token Supply: 10,000,000
TEAM
Deng Guangyuan, CEO
John Lim, STRATEGIC DEVELOPMENT LEAD
Su fi Yusof, LEAD BUSINESS DEVELOPMENT
Bryan Ho, LEAD MARKETING DEVELOPMENT
Vishal Maheshwari, LEAD PLATFORM DEVELOPMENT
Sumit Rajput, BLOCKCHAIN DEVELOPMENT
Sanjeevi Acharya, UI / UX DEVELOPER
Rolf Haudenschild, ADVISER
Christel Quek, ADVISER
Ankur Maheshwari, ADVISER
Farhan Firdaus, ADVISER
Joelle Pang, ADVISER
Jenna Park, ADVISOR
For more information and joining SgPay social media at this time follow some resources for the following references:
Website: https://www.sgpay.org/
Whitepaper: https://www.sgpay.org/sgpay-whitepaper-final.pdf
Facebook: https://www.facebook.com/sgpaytoken/
TWitter: http://www.twitter.com/sgpaytoken
Telegram: http://t.me/sgpay/
Author : Hokky darmawan
MyBitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1840810
ETH : 0xb616c8392f2d4741765A3e1BE8D9728Be884797a