Introduction of ManaPay
The MenaPay project was started in November 2017 to serve 420 million people, across 18 countries, as their primary payment method. ManaPay will create a new standard in crypto industry for the level of participatory returns, beyond the regular incentives for users and investors.ManaPay is the gateway of the Middle East and Africa.This will be provide a secure and transparent payment gateway to enable transactions for every aspect of daily life and Manapay will replaces traditional payment methods with a blockchain-based fully backed cryptocurrency. They will distribute 75% of total revenue and profit amongst holders of MenaPay.
Menapay backed by USDs would change that as 1 Menacash would constantly be equal to 1 USD, this linking of Menacash to the USD would solve the problem of volatility faced by traditional cryptocurrencies and can easily be withdrawal to fiat at any given time by customers and merchants through the Menapay foundation and this would be the currency for transactions on the Manapay platform. Transaction on the Menapay platform would flow from customer to Menapay then to the merchant and vice versa. Menapay also brings easy-to-use and secure solutions such as desktop and mobile wallets, integration APIs and SDKs, reporting and a management dashboard for merchants, Arabic user interfaces. Middle East and Africa region not use in traditional banking tools because of conservative practice of Islam and the poor banking system. MenaPay's will Support them to provide easy and quick onboarding Mobile Payment App and Arabic Language to use safely and enter the cryptocurrency world with Non-Bank and User-Friendly .
- User-friendly Dashboard
- Application Market for easy integration
Problem
- Middle East and Africa Region not used Regular banking tools.
- They have poor banking system due to conservative practice of Islam .
- The region also has a very fragmented
structure with multiple currencies.
Solutions
- P2P Transactions
- P2M Peer to Merchant Payments
- M2F Merchant to Foundation
- Green Mining
Payment Processing
Traditional payment Processing
- Customer
- Issuing bank
- Payment gateway
- Credit Card association
- Payment processor
- Acquiring bank
- Merchant
MenaPay Processing
Manapay have a short processing system.
- Customer
- Manapay
- Mechant
Token
400 Million MenaPay Tokens will be generated and 64% of the coins will belong to the community.
- Tokens To Issue: 400M Mpay
- Tokens For Sale: 256M Mpay
- Estimated ICO Price: $0,165
- Target Soft Cap: $5M
- Target Hard Cap: $25M
- Token Standard: ERC-20
- Unsold tokens will be burned
Token Distribution
- Public Contributors 64%
- Team Advisors 16%
- Marketing Bounty 15%
- Mining Reserve 5%
Road Map
2018
1st Round Capital Team Building
FEB / 2018
- Product Development Start Tokenomics
APR / 2018 - Draft White Paper Roadshow
MAY / 2018 - ICO Website Live Foundation Establishment
JUN / 2018 - Mena Cash Transaction Tests
AUG / 2018 - Mobile App Beta Test Ready API & SDK
SEP / 2018 - Mobile Payment Apps Grand Launch Merchant Tools Launch
OCT / 2018 - Public Token Sale (ICO)
NOV / 2018 - Listing on one of the top 10 Exchanges
DEC / 2018
2019
- 50 Merchant Integration (LOI Signed)
JAN / 2019 - New Security Feature: Face Recognition
APR / 2019 - Reaching 5 Million MenaPay Users
MAY / 2019 - 500 Merchant Integration
JUN / 2019 - Reaching 5 Offices in MENA Countries
AUG / 2019 - Up to 10 Languages Support for MenaPay Merchant Network
SEP / 2019
Parental Control for Family Accounts
OCT / 2019
- MenaPay in Asian Countries and reaching 1.000 Merchants
NOV / 2019 - Advanced AI Features: P2P Lending Payment Installment
DEC / 2019
Follow MenaPay on
ANN | WEBSITE | FACEBOOK | MEDIUM | INSTAGRAM | YOUTUBE | TELEGRAM
Author :
bitcointalk : bitmattrix88