MenaPay is a perfect project that will generate a 100% safe, non-banking structure in the region. For some people who do not know each other, Islam is opposed to the banking system, and every financial instrument or product provided by the bank is not used at all or in very small amounts.
This project is based entirely on the idea that Islamic banks do not need to be in the world and use blocking technologies to carry out business dealings and products between parts of the Middle east and Africa use it. This project is trying to achieve something unique. Due to the volatility of cryptographic isolation, it is very difficult to use it in daily transactions and buy cheaper products.
Thanks to this project, MenaPay will develop MenaCash. MenaCash is fully compatible with legal offers that eliminate price fluctuations and allow users to make daily transactions without worrying about the cost of money. 1 MenaCash will remain $ 1, as shown in the white document. This idea is similar to the idea of Tether, with the only difference that MenaCash will be used in daily transactions, not just for trade. No one can deny that cryptographic space and market fluctuations are obstacles to the use of any digital currency for daily use
MenaPay is developing the most holistic and disruptive solution yet seen to tackling the major 'financial system dilemmas' facing consumers wanting to buy online, transfer money or to simply acquire cryptocurrencies.
MenaPay replaces traditional payment methods with cryptocurrency supported by blockchain, to provide a secure and transparent payment gateway that allows transactions for every aspect of daily life.
It is the very first completely blockchain-oriented payment platform in the Middle Eastern and African countries. MenaPay aims at evolving the most oft-used cryptocurrency in the entire MENA region.
MenaPay seeks to attain the status of the biggest bankless mobile payment option that is deployed in blockchain while it yields notable outcomes for those investing in it. MENA has come to substitute the conventional payment means with a blockchain-oriented completely legal cryptocurrency.
How MenaPay Work?
We have created a new standard in the Crypto industry for participatory returns, beyond the regular incentives for users and investors.
- P2P Transactions
- P2M Peer to Merchant Payments
- M2F Merchant to Foundation
- Green Mining
With the development of Crypto making alternatives to trade transactions because they are felt, it will make users easier, transparent and safer. But this also has weaknesses for day-to-day transactions such as purchasing basic needs that not all stores provide for cryptographic transactions. will be offered from this case is by the program from MenaPay which will accommodate services.
Regular banking tools are mostly not used in the Middle East and African Regions because of the practice of conservative Islam and a poor banking system. This region is also a highly fragmented structure with various currencies. MenaPay brings 100% Islamic non-bank digital solutions, using blockchain to create a single currency for daily use and cross-border transactions.
The MenaPay team has planned two tokens for the entire MenaPay ecosystem. The first is MenaPay and the other is MenaCash .enaPay must be a participatory token that will be used to raise funds from the ICO and then be used to distribute 75% of revenue and profits to token holders. To overcome the volatility of the token price, the team will also make MenaCash which will be used in daily transactions.
MENAPAY intends to create a new standard of payment method that will bring more returns and incentives to customers and traders with lower transaction costs through the application of blockchain technology.
MenaPay token information
Token type - ERC-20
Network - ETHEREUM
Total Supply - 400,000,000Mpay
Token Sale - 256,000,000Mpay
Estimated ICO price - $0.165
Soft-cap - $5,000,000
Hard-cap - $25,000,000
TOKEN DISTRIBUTION
64% Allocated to public contributors
16% Allocated to team advisors
15% Allocated to marketing bounty
5% Allocated to mining reserve
USE OF FUNDS
5% Allocated to Legal
10% Allocated to Business Development
15% Allocated to Operation and Administration
30% Allocated to Development and Infrastructure
40% Allocated to Marketing
Benefits of MenaPay
This platform is based on decentralized blockchain technology that provides a safe and transparent user transaction environment
The MenaPay application allows you to withdraw money with the MenaCash Cryptocurency Here, users can delete MenaCash tokens through Dana MenaPay
It is well known that volatility with unstable costs from Crypto currencies makes MenaCash stable, supported by the US dollar, which will equal 1 to the MenaCash encrypted currency at any time
Roadmap
FEB/2018
1st Round Capital
Team Building
APR/2018
Product Development
Start
Tokenomics
MAY/2018
Draft Whitepaper
Road Show
JUN/2018
ICO Web Site Live
Foundation
Establishment
AUG/2018
MenaCash Transaction Tests
SEP/2018
Mobile App
Beta Test Ready API & SDK
OCT/2018
Mobile Payment Apps Grand Launch Merchant Tools Launch
NOV/2018
Public Token Sale (ICO)
DEC/2018
Listing on one of the top 10 Exchanges
JAN/2019
50 Merchant Integration (LOI Signed)
APR/2019
New Security Feature:Face Recognition
MAY/2019
Reaching 5 Million MenaPay Users
JUN/2019
500 Merchant Integration
AUG/2019
Reaching 5 Offices in MENA Countries
SEP/2019
Up to 10 Languages Support for MenaPay Merchant Network
OCT/2019
Parental Control for Family Accounts
NOV/2019
MenaPay in Asian Countries and reaching 1.000 Merchants
DEC/2019
Advanced AI Features:
P2P Lending
Payment Installment
Team
Advisors
Conclusion
MenaPay is out to revolutionalize the banking system in the Middle East and Northern Africa region by introducing a blockchain-based payment system that will substitute the traditional payment means and more acceptable to the people of MENA.
If you want to know more about menapay.io, Below are some useful links where you can find more pieces of information
Website: https://www.menapay.io/
Whitepaper: https://www.menapay.io/whitepaper_en.pdf
Onepager: https://www.menapay.io/onepager.pdf
Telegram: https://t.me/MenaPay
Instagram: https://www.instagram.com/menapay
Ann Threads: https://bitcointalk.org/index.php?topic= 4884588
Author
Forum Username : olitaptapan
Forum Profile link : https://bitcointalk.org/index.php?action=profile;u=1566451
wallet address 0x4832C1D8352841b26577695dEc7B741187D5d1fA
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