Topic: 📢[ANN] [ICO] - MenaPay - Crypto made easier than cash - PRIVATE SALE (LIVE) - page 37. (Read 95739 times)
November 04, 2018, 10:59:22 AM
I still look for Menapay's differentials from its competitors. How does it differ in its functionality and dust should I invest in this? Because in the payments segment I did not have much success in the previous investments keys or the projects did not have continuity
November 04, 2018, 10:21:58 AM
Are you planning to keep as ERC token or going to be own blockchain? also when we can see MVP?
Correct me if I'm wrong, they want to run on their own blockchain, Menachain, which it will be a byzantine fault tolerance consensus type chain. Instead they will issue their (dividend?) token on Ethereum
This could be a good idea since with ethereum smart contracts it quote easy then pay out dividends or make automated operations based on the token holders. Problem is i don't see many questions answered from the team, will anybody step up in here?
So u will get dividends from holding tokens on menachain and their ERC token or just the on on menachain? It is a little bit confusing so if someone studied whitepaper thoroughly, please answer.
November 04, 2018, 09:12:08 AM
Are you planning to keep as ERC token or going to be own blockchain? also when we can see MVP?
Correct me if I'm wrong, they want to run on their own blockchain, Menachain, which it will be a byzantine fault tolerance consensus type chain. Instead they will issue their (dividend?) token on Ethereum
This could be a good idea since with ethereum smart contracts it quote easy then pay out dividends or make automated operations based on the token holders. Problem is i don't see many questions answered from the team, will anybody step up in here?
November 04, 2018, 08:55:35 AM
Are you planning to keep as ERC token or going to be own blockchain? also when we can see MVP?
Correct me if I'm wrong, they want to run on their own blockchain, Menachain, which it will be a byzantine fault tolerance consensus type chain. Instead they will issue their (dividend?) token on Ethereum
November 04, 2018, 08:51:22 AM
Actually, it is very similar to normal banking. Everything is near the same but they are calling it different. Like they are giving dividends instead of interest but the ratio is always very near. At the end you are getting the same or very near amount of money back for putting in on an Islamic or regular bank. Only your profit's name is different
Islamic laws prohibit to gain interest when you have a bank account? Someone made this thing up or is it real? Not every state in north africa and middle east are under the sharia law by the way
in fact, islamic bank still make interest from their operation. different between normal bank and islamic bank is on their agreement as fas as i know.
in indonesia, islamic bank charge lowest interest in loan, share profit on invest, etc. i haven't detail about it, but as far as i know, islamic bank charge low fees for every tx.
November 04, 2018, 08:26:59 AM
When is the new Ico date?
November 04, 2018, 07:47:26 AM
What will happen to the unsold tokens if there will any? Will they be burned?
November 04, 2018, 07:04:54 AM
Actually, it is very similar to normal banking. Everything is near the same but they are calling it different. Like they are giving dividends instead of interest but the ratio is always very near. At the end you are getting the same or very near amount of money back for putting in on an Islamic or regular bank. Only your profit's name is different
Islamic laws prohibit to gain interest when you have a bank account? Someone made this thing up or is it real? Not every state in north africa and middle east are under the sharia law by the way
November 04, 2018, 05:50:47 AM
Actually, it is very similar to normal banking. Everything is near the same but they are calling it different. Like they are giving dividends instead of interest but the ratio is always very near. At the end you are getting the same or very near amount of money back for putting in on an Islamic or regular bank. Only your profit's name is different
November 04, 2018, 05:43:46 AM
I don't get it too, if the platform's token is Menacash, which is a stable coin, what's the utility of token sold during the ICO ? It will be just useless or it will used somehow?
I was wondering the same, unless you cannot just use to pay the stablecoin but you need to burn for fees that other token as well. I figure in this way would be quite complicated.
Will it be a utility token or a security token. It's not fully clear for me right now.
Can anyone elaborate on this?
November 04, 2018, 04:55:40 AM
I have not studied Islam so i am interested on how do complying with Islamic finance requirements differ from non-Islamic finance requirements?
Never mind, i think i got my answer from this: https://www.youtube.com/watch?v=P38H1KQAweg
Never mind, i think i got my answer from this: https://www.youtube.com/watch?v=P38H1KQAweg
Actually, it is very similar to normal banking. Everything is near the same but they are calling it different. Like they are giving dividends instead of interest but the ratio is always very near. At the end you are getting the same or very near amount of money back for putting in on an Islamic or regular bank. Only your profit's name is different
What ever they need to do to make it work is cool. I don't judge, i am here just to study if i should invest in this or not.
November 04, 2018, 01:30:53 AM
I have not studied Islam so i am interested on how do complying with Islamic finance requirements differ from non-Islamic finance requirements?
Never mind, i think i got my answer from this: https://www.youtube.com/watch?v=P38H1KQAweg
Never mind, i think i got my answer from this: https://www.youtube.com/watch?v=P38H1KQAweg
Actually, it is very similar to normal banking. Everything is near the same but they are calling it different. Like they are giving dividends instead of interest but the ratio is always very near. At the end you are getting the same or very near amount of money back for putting in on an Islamic or regular bank. Only your profit's name is different
November 03, 2018, 06:52:33 PM
I have not studied Islam so i am interested on how do complying with Islamic finance requirements differ from non-Islamic finance requirements?
Never mind, i think i got my answer from this: https://www.youtube.com/watch?v=P38H1KQAweg
Just great, you asked the question - you have found the answer on your own. By such instances, one may compose FAQ question)) Never mind, i think i got my answer from this: https://www.youtube.com/watch?v=P38H1KQAweg
November 03, 2018, 04:25:20 PM
I have not studied Islam so i am interested on how do complying with Islamic finance requirements differ from non-Islamic finance requirements?
Never mind, i think i got my answer from this: https://www.youtube.com/watch?v=P38H1KQAweg
Never mind, i think i got my answer from this: https://www.youtube.com/watch?v=P38H1KQAweg
November 03, 2018, 03:17:52 PM
By the way, it is already known in which countries of the Middle East they are planning to start their activities? So I guess their main office will be based there?
I dont know. they said about Africa and the Middle East. But they team are from Turkey. So probably in Turkey and some other countries in their region.
November 03, 2018, 02:45:26 PM
By the way, it is already known in which countries of the Middle East they are planning to start their activities? So I guess their main office will be based there?
I dont know. they said about Africa and the Middle East. But they team are from Turkey. So probably in Turkey and some other countries in their region.
November 03, 2018, 01:57:16 PM
What dividends you mean? They offering dividends from payment platform profit? And if you will have dividends, thats mean that they have security tokens?
Basically yes to both. you can only pay dividends if you make profit and if you pay dividends to token holders the tokens would indeed be security tokens.
So in this way they much have approve from SEC? or is they going to work in the Middle East they must follow to their law only?
November 03, 2018, 01:19:06 PM
In your roadmap you planed to have mobile app ready for testing in September. Did u manage to provide it and where can we find it.
I noticed the same in your script, if something is already ready and can be released, the community will help you with possible bugs, and something ready would surely boost your sales initially
Not a fact but almost always the case. Now the community is very weak and this negatively affects not only this project. Many who have previously entered the market are now out. But I think if they can enter a normal application for smartphones, then they will keep users.
November 03, 2018, 01:04:15 PM
What dividends you mean? They offering dividends from payment platform profit? And if you will have dividends, thats mean that they have security tokens?
Basically yes to both. you can only pay dividends if you make profit and if you pay dividends to token holders the tokens would indeed be security tokens.
So in this way they much have approve from SEC? or is they going to work in the Middle East they must follow to their law only?
November 03, 2018, 11:26:04 AM
Menapay is creating a new standard in the crypto industry for the level of participatory returns, beyond the regular incentives for users and investors.
These standards are:
● P2P Transactions
● P2M Peer to Merchant Payments
● M2F Merchant to Foundation
● Green Mining
These standards are:
● P2P Transactions
● P2M Peer to Merchant Payments
● M2F Merchant to Foundation
● Green Mining
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