Menapay ICO Platfrom
Website
One pager
Whitepaper
What is Menapay:
The tagline of this project is to “crypto made easier than cash”. Menapay is a payment gateway which replaces old payment methods with a blockchain based fully backed cryptocurrency. This payment gateway method provides a secure and transparent payment gateway. This blockchain based payment method will be based on ERC-20 smart contract. They are developing their own chain which will be better for faster transactions called as Menachain. Most merchants do not accept cryptocurrencies as a form of payment on their platforms because of their price fluctuations and cash-out concerns. MenaPay platform connects the customer directly to the merchant with the use of blockchain technology. Merchants can integrate MenaPay as a payment gateway on their platform.
Here is how Menapay works?
It works as a peer to peer transactions, peer to merchant transactions, merchant to foundation and green mining.
· P2P (Peer to Peer) Transactions: Users can use the MenaPay payment solutions to transfer funds/ crypto assets among themselves.
· P2M (Peer to merchant) Transactions: Merchants around the world can integrate Menapay as a payment gateway on their platform with the use of APIS and SDK provided by Menapay.
· M2F (Merchant to the foundation) Transactions: Merchants can withdraw their crypto assets.
· Green mining: Every MenaCash transaction between peer to the merchant may e awarded by MenaPay tokens.
Features
The MenaPay team claim that their product has been developed to comply with the Islamic financial requirements. The MenaPay solution will integrate a stable coin called MenaCash that will be employed for all transactions and payments within the ecosystem. MenaPay envisages the following functionality: P2P transactions, P2M (peer-to-merchant) payments, M2F (merchant -to-foundation) payments to convert MenaCash into fiat currency, green mining. The MenaPay team is also issuing a MenaPay token (MPAY) that is used to distribute the platform’s revenue among token holders. The share will depend on the number of MenaPay tokens in the token holder’s wallet.
ICO Structure of Menapay
There is 400 Million MenaPay tokens are generated. 64% of them will be reserved for the ICO sale. Token distribution is also given by the team. 5% tokens are reserved for the mining. 10% tokens are reserved for bounty and airdrops. Another 10% tokens are reserved for the founders and team . Remaining 11% tokens reserved for the advisors and partnerships.
Menapay using their funds for best purposes. 5% of funds are reserved for legal. 10% of funds are reserved for business and development. 15% of funds are reserved for operation and administration. 30% of funds are reserved for development and infrastructure. Remaining 40% funds are reserved for marketing. Unsold tokens will get burned is the good thing.
Token Info:
Tokens to an issue — 400 Million
Tokens to sale — 256 Million
Estimated ICO price — $0.165
Target soft cap — $5 Million
Target hard cap — $25 Million
Token standard –ERC-20
INFORMATION ABOUT PRODUCT
In the region of the Middle East and Africa, the traditional tools are not used widely. That’s why the MenaPay’s Non- bank, User-friendly mobile payment application with Arabic language support provide easy. The traditional payment gateway is outdated and overdue, it is elongated which can be time wasting and might also require high fees before a user payment reaches the merchant or complete transaction.
Problems we faced in real life and how they provide solutions for the problems
We can’t use cryptocurrencies in daily life transactions because of there rate is not stable anymore. But we can use Menacash which is 100% backed by USDs. The main thing is 1 MenaCash is always equal to the 1 USD. Cryptocurrencies transactions are very fast and need to pay very fewer fees. It is also very secure and transparent payment method. Menapay provides easy to use solutions such as wallets, integration APIs and SDKs. The 100% Islamic non — bank compliance is the big difference for this crypto compared to others.
ROADMAP
This project is started in 2017. The 1st round capital team building is on February 2018. The public token sale is held in November 2018. After ICO it will get listed on one of the top 10 exchanges. They will provide new security feature such as a face recognition. This feature will be available in April 2019. The big goal of this project is o reach 1 Billion dollar market cap by mid-2019.
REVENUE AND PROFIT SHARE SCHEME
The Arabic language is a 4th most commonly spoken language in the world. The MENA population is around the 420 Million. Around 86% population is unbanked. Because of this MenaPay creates this solution over this problem which is easy to handle, secure and transparent payment method.
TEAM
A project is only as great as its team. MenaPay has an extensive team which is capable and competent enough to execute the project. We have profiled the Chief of Departments and the Managing Director for this particular piece.
Tolga Odoğlu: Managing Director of MenaPay
Tolga has 17 Years of experience in investment, portfolio management and finance. He has worked as a trader, derivative market manager and thus has a solid understanding of the capital markets. Prior to his role in MenaPay, he was the Managing Director at Boğaziçi Ventures, a Venture Capital & Private Equity fund for startups.
Orhan Bayram: Chief Product Officer
Mr Orhan has founded and been a part of startups throughout his life. He was the Managing partner at QEC (a firm connecting the businesses with new markets, new clients and new business partners). He has also worked with StartersHub and Turkcell both of which were engaged in investment activities.
Ilker Cikrikcili: Chief Markting Officer
Ilker is the Maketing officer at MenaPay where he will be responsible for the ICO’s marketing campaign. He has extensive experience in marketing domain where he has worked in GKFX for almost 3 years. He has also worked for Inomera, ASPone, Vodafone and TAV. He has a bachelors degree from the prestigious Middle East Technical University and an MBA from Beykent University.
Tuna Orbay: Chief Technical Officer
Tuna Orbay has co-founded BARAKATECH, a firm specializing in Mobile and Web application development and engineering focusing on Blockchain and Big Data technologies. He has also mentored at IdeaCoaching, a Management consulting firm. He has also co founded firms like Nokta and Bilgi.com.
For More Information check out the MenaPay pages on the following:
- Website: https://www.menapay.io
- Onepager: https://www.menapay.io/onepager.pdf
- Products: https://www.menapay.io/#products
- Telegram: https://t.me/MenaPay
- Twitter: https://twitter.com/menapayio
- Youtube:https://www.youtube.com/channel/UC56eU1zaQh2S8k7TB4S2RjA
- Medium: https://medium.com/menapay
My Information:
Bitcointalk user name: kawsarbd10
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2398533
Eth address: 0x88596e08bef76a026DF2a59d488F88b7BfD46540