MenaPay – Crypto made easier than cash – ICO Review
Menapay is a very interesting ICO, it is very ambitious and broad in scope. It has agreements with other projects of which the most prominent Omisego is. It is slightly more focused on a specific geographical location, the Middle East and Africa. It is the payment gateway for 420 million people in 18 countries in that region. Menapay has an advantage in this respect, because it is a 100% Islamic non-banking digital solution.
The MenaPay token is an ERC20 token, so it has the stable Ethereum network on which it exists and has unchanging and visible transactions to increase trust with the people and sellers. The current benefits of the MenaPay token are:
75% profit sharing will be paid to holders of a MenaPay card
Fast secure and cheap payments for all boarders
Desktop and mobile wallets
100% Islamic non-bank-based
MenaCash USD chain
Face recognition for secure transactions
Profit sharing is always a nice positive in a token that I want to invest in. It takes out tokens from the circulation and that increases the prices. MenaPay has only a https://www.menapay.io/onepager.pdf available ATM so it is not entirely clear but it seems that turning MenaPay tokens on your mobile phone or desktop will help to make the network a platform. secure and process transactions. Having a mobile wallet is huge for this cryptocurrency. Recent polls have the possession of a mobile phone in 75 to 80% of the earth population. This gives this population a safe way to store and spend money that they have never had before. If MenaPay is successful,
The 100% Islamic non-banking compliance is the big difference for this crypto compared to others. This occupies a huge population that simply will not use a bank because of their religious beliefs and gives them a platform and a currency with which they can save and spend money in a way that they have never been able to. If only people who believe in Islam are going to use it, that would be enough to encourage everyone in the region to use it.
Use of tokens, the most important part of every cryptocurrency review. If the token is not sufficiently connected to the platform, it can never increase in value and make it a bad investment. The MenaPay token is the driving force behind this platform. It is the payment method, it can be used to earn rewards, it is the payment for P2P transactions. So yes, the MenaPay token is sufficiently linked to the platform and will increase in value as the platform does.
Some good and some average things to say about this token distribution. 64% in token sales together with 15% premium is very good. That is 79% of the tokens that go into decentralized hands and help to make this token more stable once it is publicly traded. 16% to the team and the advisers, which is a very fair amount, the only problem here is that there is no waiting period for the team or the advisers (hopefully this will be dealt with and added in the full whitepaper). Unsold tokens will be burned is always a good thing, fewer tokens means that those of you are more valuable.
The hardcap of 25m is a bit high atm. I do not want to be negative about this because the ICO is scheduled to take place in three months. If the ICA of MenaPay were to take place today, I would be reluctant to invest because a maximum of $ 25 million would put MenaPay on CMC on the 218th. Although I believe that this project has great potential, I like to get profits straight from the gate and that may not be possible in the current market climate. This all goes out now if we have some growth in the coming 3 months. The desktop and mobile app is live when the ICO takes place, so that people buy a working and usable product (very rare).
If we see an uptrend or better yet another bull run in the market, this is an excellent ICO to jump into. ~ 400 billion market caps would give this token a 3x to 4x return on ICO prices. With a work platform and the advantages it has with the region it is targeting, MenaPay would soon have to break to the top 200 on CMC soon after leaving its ICO.
Link last notes. This region generally has very poor banking options (for those who could even use them), many different currencies. Having one safe and easy-to-use currency would make life easier and easier for the people there. The MenaCash USD chain is a great thing to remember because it helps to keep volatility low. You can trade 30 large cryptocurrencies for MenaPay tokens on their platform (they have not yet mentioned them, hopefully in the full white paper). They are already working on the integration of APIs and SDKs into their platform. Hopefully these will be available live by the time the ICO has ended.
For more information visit:
Website: https://www.menapay.io
Internet-based proximity to life
Instagram: https://www.instagram.com/menapay/
Facebook: https://www.facebook.com/menapayio
Twitter: https://twitter.com/menapayio
YouTube: https://www.youtube.com/channel/UC56eU1zaQh2S8k7TB4S2RjA
LinkedIn: https://www.linkedin.com/organisation/menapay
Author : Ajad_Arsy
Profile link : https://bitcointalk.org/index.php?action=profile;u=1752920