SGPAY - Mobile Application Platform Revolution With Blockchain Technology

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ABOUT SGPAY

SGPay is a 3rd generation platform that weaves all the features of an e-wallet and e-payment avenue into one quilt of mobile application endowed with the unmistakable support of fiat and cryptocurrencies. Above all, this mobile application is emboldened by the rise of the revolutionary blockchain technology. SGPay tokens are built on secure Ethereum blockchain platform and adheres to ERC-20 standards. Many large corporations such as Microsoft, UBS et al, have already espoused Ethereum blockchain as this revolutionary technology is known to yield a multitude of benefits such as decentralization, transparency, lower transaction costs etc.

SGPay is basically a wallet benefit. This administration utilizes only one stage to complete a huge number of assignments. Clients can make e-installments utilizing their charge cards, purchase and offer their digital forms of money, or utilize a wide exhibit of administrations on board. This gives its clients an instinctive method to deal with every one of their advantages in a solitary spot.

Put just, SGPay joins the stage and token to for all intents and purposes everything — from your credit and charge card e-installments, to crypto and fiat e-wallets — in a similar place. In the meantime, it gives various coordinated administrations, similar to an online shopping center; the capacity to pay service charges, bicycle rentals, and the sky is the limit from there.

Singapore has emerged as the undisputed and insuperable smart nation. However, in areas such as electronic payments, the nation requires a leg up. For all intents and purposes, Singapore has transformed itself into a hotbed of cryptocurrencies. More than genuflecting, the government is keen on providing the much needed infrastructure.

Moreover, the regulatory policies of the Monetary Authority of Singapore (MAS) are conducive for promoting a cashless nation. And yes, the current payment platforms in Singapore are doing a shoddy job and by no means capable of essaying the roles of AliPay and PayTM successfully. The founder of SGPay Deng Guangyuan has found in Singapore a lucrative launchpad, all thanks to the afore-stated voids.

SGPay is a new concept on wallet technology, which combines both digital currency and fiat into a seamless wallet experience. Our SGpay tokens are already based on ERC20 or similar to ethereum coin with advanced technology and algorithms.

We chose to build SGP on the Ethereum blockchain because it brings advantages such as decentralization, security, transparency and lower transaction costs , so for you who will later buy and use our token, will get a satisfaction, where you have a high level of token security, low transaction fees and other good things.

Our primary platform SGPay is a 3rd generation e-wallet and e-payment mobile application that allows users to buy and sell cryptocurrencies, or make purchases using both cryptocurrencies and fiat currencies. SGpay users will certainly be released in this case, can sell and buy cryptocurrency anytime, and anywhere, at your disposal.

Currently we are developing, where we are focusing on Singapore market. In addition, Singapore is also one of the countries that provide a bright spot on the world of cryptocurrency, government grants and accommodative stand towards Initial Coin Offerings (ICO) has made it a favorite for fintech firms coming into Singapore.

Singapore is currently acting as a large field of technological trade, so we will offer the people in Singapore an e-wallet and e-payments mobile application for everyone living in Singapore and the region. Customers will be able to pay for their groceries, purchase movie tickets, book flights and more with SGPay. They will also be able to select their preferred mode of payment, either in fiat currency or cryptocurrency at selected merchants.

Now, let’s move to our topic which is digital currency or cryptocurrency and online cryptocurrency wallets. In our daily life, we like to have a smart and functional wallet that we can use for multiple purposes like we can keep our money and keys. We want a wallet that we can use to keep our cards too. We prefer a wallet that can keep our money safe. We have the same situation in online currencies and cryptocurrency. We have to use an online wallet that can store our coins and cryptocurrencies so we can use these whenever we want. These wallets not only provide us the facility of future use but also the security.

SGPay aims to put SGPay in the hands of everyone and it can play well from the consumer to the merchant’s corner. Because all traders are consumers by the way but not all consumers are merchants, we believe it’s important to drive customer integration beyond just merchant integration.

FEATURES SGPAY

Enlisted below are some of its features:

 This mobile application is accessible on both Android and iOS platforms

 Transactions in multiple international cryptocurrencies such as Bitcoin, Ether etc., and locally developed currencies such as Kyber Network Crystals, Zilliqa tokens, etc., are supported

 Apart from credit and debit cards, deposit and withdrawal of Singapore Dollar is championed

 Monetized rewarding system is a blessing

 Dedicated APIs are designed to support merchant and user funds

 SGPay tokens are decentralized and the core idea of decentralization is valued.

BENEFITS OF SGPAY

The early adopters of cryptocurrencies will be greatly benefitted. The incentive system inherent in this e-wallet provides allurements to users who hold more SGPay tokens. For instance, transaction costs are close to negligible to advocates of SGPay tokens. This wallet also fosters diversity for payments in Singapore and Asia. Absence of diversity will render the revolutionary technology a wastrel. To create a conducive environment for users regionally, this wallet advocates for the use of cryptocurrencies. A large chunk of the regions that are unexposed to cryptocurrencies can thus be exposed and subsequently weave an ecosystem of cashless users.

as we see in the diagram above the use of mobile payment between 2012 and 2016 is very rapid. In the Asia / Pacific region, we can see an increase from 85% to 163.6%. For North America we can see an increase from 32.8% in 2012 and to 90.7% in 2016. Likewise in Europe, where in 2012, it only touched 26.7%, and in 2016 soared to 64%. Still continue,

in the second diagram, we can see some list of mobile payment usage in some big countries in asia, like Thailand, Indonesia, Singapore, Malaysia, Vietnam, Phillipines, where every year, starting 2016 and estimate 2021, will continue to experience rapid development in terms of use of mobile payment product.

We want to create a unique way of selling in our way and through our partnership with both technological innovators and traditional firms. We are also exploring potential partnerships with at least one of the local banks.

From our perspective, we believe traditional money still has a place beside cryptocurrencies and a partnership would provide much more value to consumers in general.

TOKEN DETAILS AND TOKEN SALE

Token Name: SGPay Token [SGP]

Total Supply: Up to 13.8 million

Total Public Supply: Up to 10 million

Pre-Contribution Period: 1st Feb to 14th Feb 2018

Pre-Contribution Supply: 2 million tokens @ US$0.40 each

Main-Contribution Period: 1st Mar to 31st Mar 2018

Main-Contribution Supply: 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 ETH

Maximum Contribution: 100 ETH

Accepted Currencies: Ether (ETH)

KYC/Whitelisting: Yes

The following wallets are known to be compatible with Ethereum tokens (ERC-20)

Myetherwallet

Metamask

Mist

Parity

imToken

TOKEN DISTRIBUTION

ROADMAP

The development of SGPay system is already in progress. Following is an overview of the project planning breakup. With its expected completion by May 2018, we are planning to launch the initial version of the system by Jul 2018.

Phase I (2H 2017) — Prototype Stage

• Prototyping different various user interfaces

• Optimizing the best user experience for our application

• Coding the wireframe for our platform

• Seeking of various liquidity partners for our platform

• Defining prototype functionality

• Establish prototype objectives

Goal: To create a seamless, secure, yet expansive prototype that has the ability to add

much more functionality into the platform in future

Phase 2 (1H 2018) — Launch of Beta + Initial Release Version

• Evaluate and refine prototype

• Debugging and user-experience testing