📢[ANN] [ICO] - MenaPay - Crypto made easier than cash - PRIVATE SALE (LIVE) - page 41.

yeswepump

legendary

Activity: 1162

Merit: 1011

Quote from: iad_xo on November 01, 2018, 07:46:44 AM

First page is says that going to used in conservative country where financial is very strict. what are you going to do to for anonymity of all transactions? also in some country like africa smartphone hardware might not be same as used in other country. how are you tacking that challenges?

Not sure that the financial world will allow anonymous transactions in future. I think they will try to trace everything, giving a name to any UTXO...

Amelie Poulain

full member

Activity: 518

Merit: 101

The project looks very solid! MenaPay team has planned to participate in 4 crypto events this year (Istanbul, Beirut, Manama, Dubai) Shocked

I will follow the updates on this theme, and now I’ll start study whitepaper.

iad_xo

sr. member

Activity: 448

Merit: 250

First page is says that going to used in conservative country where financial is very strict. what are you going to do to for anonymity of all transactions? also in some country like africa smartphone hardware might not be same as used in other country. how are you tacking that challenges?

magisterr

sr. member

Activity: 1372

Merit: 259

Quote from: Rigorous on November 01, 2018, 05:37:53 AM

Let me get this straight: I invest $0.165 during the ICO and get 1 MenaPay worth $1, fully backed. Is that correct?

How this possible? If they have 400 mln tokens, than they must have 400 mln real fiat usd for backed token at 1 usd price. But if price on ICO 0.165 than just 16.5% backed... and they need money for development. marketing etc. Or they will have some funds from other sources? Or just small part of tokens will be backed?

Rigorous

full member

Activity: 574

Merit: 115

Let me get this straight: I invest $0.165 during the ICO and get 1 MenaPay worth $1, fully backed. Is that correct?

Makkara

full member

Activity: 1064

Merit: 166

From where are coming the revenues to generate the dividend? Is there some kind of fee charged every time a payment will be made with this platform? If so how much are we talking about?

Jepli

member

Activity: 315

Merit: 10

Wow! Its nice to have a payment platform which caters to the MENA (Middle East & North Africa) region which I think has a potential huge market.

magisterr

sr. member

Activity: 1372

Merit: 259

Utrust, PumaPay, Monetha and several other new similar projects developing same platform as I know. What advantages you have?

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: matjas on November 01, 2018, 04:32:43 AM

Quote from: levyashin on November 01, 2018, 04:05:04 AM

I just heard this project from a friend and wanted to check. At first, it seemed another utility token but checking further whitepaper it is actually a security token which gives out dividends. If i am not misunderstanding, you should definitely scream this in your webpage and investors/potential investors shouldn't see when deep diving into the whitepaper.

If investors will really get dividend, than this will be much more attractive project to join in. Right now you need something that stands out from all the other projects.
I noticed you are promoting green mining. What does that mean exactly.

Yes with dividends it will be way more attractive. But their whitepaper doesn't allow copy-pasting (i think they should also change that) but the part about dividends on page 16 and the header is revenue share model.

As far as i understand they will have 2 type of tokens. One will sell on the ico and will give dividends who holds it. And the second one is pegged token like tether and always be 1$ worth.

matjas

full member

Activity: 798

Merit: 115

Quote from: levyashin on November 01, 2018, 04:05:04 AM

I just heard this project from a friend and wanted to check. At first, it seemed another utility token but checking further whitepaper it is actually a security token which gives out dividends. If i am not misunderstanding, you should definitely scream this in your webpage and investors/potential investors shouldn't see when deep diving into the whitepaper.

If investors will really get dividend, than this will be much more attractive project to join in. Right now you need something that stands out from all the other projects.
I noticed you are promoting green mining. What does that mean exactly.

Pricebrianer

jr. member

Activity: 364

Merit: 3

I like to see projects that tends to move into continents of the world with large markets. Menapay advances to the Middle East would go a long way to mean much for the crypto economy. The team has made some meetings in the region and I guess they must have done some research to prove that investing in this region would bring some advantages to crypto use.
Am interested in an update on progress of the team in these regions?

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

I just heard this project from a friend and wanted to check. At first, it seemed another utility token but checking further whitepaper it is actually a security token which gives out dividends. If i am not misunderstanding, you should definitely scream this in your webpage and investors/potential investors shouldn't see when deep diving into the whitepaper.

king_of_alts

member

Activity: 476

Merit: 10

Quote from: MenaPay on November 01, 2018, 03:17:56 AM

Quote from: king_of_alts on November 01, 2018, 02:27:45 AM

Quote from: pynetx on November 01, 2018, 02:15:40 AM

Is it a payment gateway and a wallet app or something more than that?

From the looks of the OP I have the same question. I think there are already dozens of payment coins out there so what makes this one special?

None of them suitable for Arabic population.
1- End users can't adapt current solutions easily. Our mobile app tailored to MENA region requirements.
2- Merchants can't monitor their income easily. MenaPay provides advanced merchant dashboard for them
3- End users can't ready cryptocurrencies easily (cash usage is quite high). MenaPay is building a huge releller network with reseller dashboard to make buying crypto with cash possible. We already integrated with one of the most popular internet cafe chain in the region.
4- None of them compliant with Islamic finance. We've got approvals from opinion leaders.

thanks, that's some good points to take into account. It is a bit like Islamic banking which tailors to the special needs of these customers.

MenaPay

copper member

Activity: 33

Merit: 0

Crypto made easier than cash

Quote from: lvsca on November 01, 2018, 02:18:04 AM

any mvp or beta app ready? roadmap says, september 2018 mobile app, beta testing and sdk

Thanks for asking.
Actually MVP is ready,
we'll make a video of it to show how it works.
And upload to the market very soon.

MenaPay

copper member

Activity: 33

Merit: 0

Crypto made easier than cash

Quote from: the_donald on November 01, 2018, 03:10:02 AM

Quote from: MenaPay on November 01, 2018, 03:05:15 AM

Quote from: viljy on November 01, 2018, 02:54:38 AM

Well, a similar project already exists, it is Utrust. And so far it has not been particularly successful. How will your project be better? What are the advantages?

Yes, we met Utrust in Zug during techcrunch event this year. The issue with Utrust is that they are not targetting a particular region which makes traction much harder. Also their platform is going slow. It's not only about fund raising but also how good your product is.

that's true. I remember Utrust raised a hell of a fuss back in the day and their token was worth a lot initially. then they dropped off slowly. however there are lessons to be learned there. I hope you guys are gonna do some of the stuff they've done for marketing, like video/reddit AMA's, an active youtube channel and presence on all social media.

You can check our Youtube channel, we do interviews, webinars, fireside chats...

MenaPay

copper member

Activity: 33

Merit: 0

Crypto made easier than cash

Quote from: king_of_alts on November 01, 2018, 02:27:45 AM

Quote from: pynetx on November 01, 2018, 02:15:40 AM

Is it a payment gateway and a wallet app or something more than that?

From the looks of the OP I have the same question. I think there are already dozens of payment coins out there so what makes this one special?

None of them suitable for Arabic population.
1- End users can't adapt current solutions easily. Our mobile app tailored to MENA region requirements.
2- Merchants can't monitor their income easily. MenaPay provides advanced merchant dashboard for them
3- End users can't ready cryptocurrencies easily (cash usage is quite high). MenaPay is building a huge releller network with reseller dashboard to make buying crypto with cash possible. We already integrated with one of the most popular internet cafe chain in the region.
4- None of them compliant with Islamic finance. We've got approvals from opinion leaders.

the_donald

full member

Activity: 588

Merit: 100

Quote from: MenaPay on November 01, 2018, 03:05:15 AM

Quote from: viljy on November 01, 2018, 02:54:38 AM

Well, a similar project already exists, it is Utrust. And so far it has not been particularly successful. How will your project be better? What are the advantages?

Yes, we met Utrust in Zug during techcrunch event this year. The issue with Utrust is that they are not targetting a particular region which makes traction much harder. Also their platform is going slow. It's not only about fund raising but also how good your product is.

that's true. I remember Utrust raised a hell of a fuss back in the day and their token was worth a lot initially. then they dropped off slowly. however there are lessons to be learned there. I hope you guys are gonna do some of the stuff they've done for marketing, like video/reddit AMA's, an active youtube channel and presence on all social media.

MenaPay

copper member

Activity: 33

Merit: 0

Crypto made easier than cash

Quote from: viljy on November 01, 2018, 02:54:38 AM

Well, a similar project already exists, it is Utrust. And so far it has not been particularly successful. How will your project be better? What are the advantages?

Yes, we met Utrust in Zug during techcrunch event this year. The issue with Utrust is that they are not targetting a particular region which makes traction much harder. Also their platform is going slow. It's not only about fund raising but also how good your product is.

viljy

hero member

Activity: 1736

Merit: 857

Well, a similar project already exists, it is Utrust. And so far it has not been particularly successful. How will your project be better? What are the advantages?

king_of_alts

member

Activity: 476

Merit: 10

Quote from: pynetx on November 01, 2018, 02:15:40 AM

Is it a payment gateway and a wallet app or something more than that?

From the looks of the OP I have the same question. I think there are already dozens of payment coins out there so what makes this one special?

Topic: 📢[ANN] [ICO] - MenaPay - Crypto made easier than cash - PRIVATE SALE (LIVE) - page 41. (Read 95731 times)