It is cumbersome to carry cash everywhere go, because
the banking sector and its interest pattern is against Islam religion. Therefore making people found in the Mena region have to run all transactions with cash, as they are very religious people. But today, there is aa solution to that cumbersome mode of transacting , and the solution is MENAPAY. Menapay is a project that will provide for the region of mena and the rest of the world the biggest cashless community . Where people can make purchases of goods and services through the menapay digital currencies. The mena region as I said earlier in previous articles, entails several countries in the Middle East and North Africa regions . The region is made up of over 400 million people which works with the total supply of 400million mpay tokens .
The menapay project has two digital currencies namely the menacash stable currency and the menapay token itself. The menapay token(mpay) is a tradable token where the market and the holders decide the price of the token. The token is created on the ethereum blockchain and is also the means at which the menapay project will raise funds to run the project and achieve all goal set in the roadmap. The menapay token sales is still in the private sale and the project has already crossed it softcap of $5.5M, as at now the private sales is still on, but in few weeks the main sale will be on, and everyone will be able purchase the mpay tokens at $0.165$.
The menapay project also has a lot going for it as the project aims to release its app where merchants and users can run transactions and perform various transaction based tasks on the app. The menapay app is used as payment methods for both business, merchants and users. Kyc information are required to effectively use the app, this will enable the menapay project know and understand their users better. It will also reduce criminal activities on the platform. The menapay app will work with the menacash stable currency to aid easy and cashless yet non volatile transactions, integrations will also be carried oit with the menapay app and debit cards or credit cards. The menacash will always be stable at 1USD and owners of menacash can always rest easy knowing their menacash can always be cashed out through the Foundation . The amount of menacash in circulation will be the amount owned by the foundation is several banks, menacash will be fully backed by this funds and hence be stable. Merchants can also easily cash out from menacash to fiat currency through the menapay app, this will also be good for those merchants who may still need fiat for one or two transactions. Menapays dream is to cover any need for fiat currency though menacash .
After the Ico, the mpay token will be listed on at least 10 exchanges by April 2019 as made mention by the projects MD, and one of this exchanges will be among the top 10 most recognized crypto exchanges on the space . The menapay platform is sure to make profits as time goes on, and will reward mpay holders with 75% of its profits as inventive. During the ico period only 256million mpay tokens will be let for sale while the rest will face some lock period for both the project and team development.
Writer’s name :- Iyke Onuoha